Document:

YOU On Demand Holdings, Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

COMMON STOCK PURCHASE AGREEMENT

BY AND AMONG

YOU ON DEMAND HOLDINGS, INC., 

AND 

SEVEN STAR WORKS CO., LTD. 

AS PURCHASER, 

DATED AS JULY 6, 2016 

Table of Contents 

	  	  	Page
  
	  	  	  
	ARTICLE
      1 DEFINITIONS 	1
      
	       1.1
      	Definitions
      	1
      
	ARTICLE
      2 PURCHASE AND SALE OF COMMON STOCK 	5
      
	       2.1
      	Purchase
      and Sale of Common Stock 	5
      
	       2.2
      	Closing
      	5
      
	       2.3
      	Use
      of Proceeds 	5
      
	ARTICLE
      3 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER 	6
      
	       3.1
      	Existence
      and Power 	6
      
	       3.2
      	Authorization;
      No Contravention 	6
      
	       3.3
      	Governmental
      Authorization; Third Party Consents 	6
      
	       3.4
      	Binding
      Effect 	6
      
	       3.5
      	Investment
      Representations 	6
      
	       3.6
      	Receipt
      of Information 	7
      
	       3.7
      	No
      Brokers or Finders 	7
      
	       3.8
      	Sufficient
      Funds 	7
      
	       3.9
      	Litigation
      	7
      
	       3.10
      	No
      General Solicitation 	7
      
	       3.11
      	Prohibited
      Transactions 	7
      
	       3.12
      	Reliance
      on Exemptions 	8
      
	       3.13
      	Affiliates
      	8
      
	ARTICLE
      4 CONDITIONS PRECEDENT TO THE OBLIGATION OF THE PURCHASER TO CLOSE 	8
      
	       4.1
      	Conditions
      to Closing 	8
      
	ARTICLE
      5 CONDITIONS PRECEDENT TO THE OBLIGATION OF THE COMPANY TO CLOSE 	9
      
	       5.1
      	Conditions
      to Closing 	9
      
	ARTICLE
      6 INDEMNIFICATION 	10
      
	       6.1
      	Indemnification
      	10
      
	       6.2
      	Terms
      of Indemnification 	10
      
	ARTICLE
      7 TERMINATION 	11
      
	       7.1
      	Termination
      of Agreement 	11
      
	       7.2
      	Effect
      of Termination 	11
      
	ARTICLE
      8 MISCELLANEOUS 	11
      
	       8.1
      	Survival
      	11
      
	       8.2
      	Fees
      and Expenses 	12
      
	       8.3
      	Notices
      	12
      
	       8.4
      	Successors
      and Assigns 	13
      
	       8.5
      	Amendment
      and Waiver 	13
      
	       8.6
      	Counterparts
      	13
      
	       8.7
      	Headings
      	13
      
	       8.8
      	Governing
      Law; Consent to Jurisdiction; Waiver of Jury Trial 	13
      
	       8.9
      	Severability
      	14
      
	       8.10
      	Entire
      Agreement 	14
      

i 

	8.11
      	Further
      Assurances 	14
      
	8.12
      	Public
      Announcements 	14
      
	8.13
      	Subsidiaries
      	14
      
	8.14
      	Specific
      Performance 	14
      
	8.15
      	Legends
      	15
      

ii 

COMMON STOCK PURCHASE AGREEMENT

COMMON STOCK PURCHASE AGREEMENT,
dated as of July 6, 2016 (this “Agreement”), by and among YOU On Demand
Holdings, Inc., a Nevada Corporation (the Company”) Seven Star Works Co., Ltd.
(“Purchaser”).

WHEREAS, the Company proposes to
issue and sell to the Purchaser, and the Purchaser propose to buy, for an
aggregate purchase price of $4,000,000, an aggregate of 2,272,727 shares of
Common Stock, par value $0.001 per share (the “Common Stock”); and 

NOW, THEREFORE, in consideration
of the mutual covenants and agreements set forth herein and for good and
valuable consideration, the receipt and adequacy of which is hereby
acknowledged, the parties hereto agree as follows:

ARTICLE 1 
DEFINITIONS

1.1 Definitions. As used in this Agreement, and unless
the context requires a different meaning, the following terms shall have the
meanings set forth below: 

“Accredited Investor” has the meaning assigned to such term in
Section 3.5(b) .

“Actions” means actions, causes of action, suits, claims,
complaints, demands, litigations or legal, administrative or arbitral
proceedings.

“Affiliate” of any specified Person means any other Person
directly or indirectly controlling or controlled by or under direct or indirect
common control with such specified Person and with respect to any individual,
the spouse, parent, sibling, child, step-child, grandchild, niece or nephew of
such individual or the spouse thereof and any trust for the benefit of such
Stockholder or any of the foregoing. For the purposes of this definition,
“control” when used with respect to any specified Person means the power to
direct the management and policies of such Person, whether through the ownership
of Voting Securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing.

“Agreement” has the meaning assigned to such term in the
Preamble.

“Articles of Incorporation” means the articles of incorporation
of the Company, as the same may have been amended and in effect as of the
Closing Date.

“associate” has the meaning assigned in Rule 12b-2 promulgated
by the Commission under the Exchange Act.

“beneficially own” with respect to any securities means having
“beneficial ownership” of such securities as determined pursuant to Rule 13d-3
under the Exchange Act, as in effect on the date hereof.

1 

“Board of Directors” means either the board of directors of the
Company or any duly authorized committee thereof.

“Business Day” means any day other than (i) a Saturday or
Sunday or (ii) a day on which banking institutions in New York City are
authorized or obligated by Law or executive order to remain closed.

“Bylaws” means the bylaws of the Company, as the same may have
been amended and in effect as of the Closing Date.

“Claims” means losses, claims, damages or liabilities, joint or
several, Actions or proceedings (whether commenced or threatened).

“Closing” has the meaning assigned to such term in Section 2.2.

“Closing Date” has the meaning assigned to such term in Section
2.2.

“Commission” means the Securities and Exchange Commission or
any similar agency then having jurisdiction to enforce the Securities Act.

“Common Stock” means the Common Stock, par value $0.001 per
share, of the Company. “Company” has the meaning assigned to such term in the
Preamble.

“Contemplated Transactions” means the transactions contemplated
by this Agreement and the exhibits hereto, including, without limitation, the
issuance, purchase and sale of the Common Stock; “Contractual Obligation” means,
as to any Person, any agreement, undertaking, contract, indenture, mortgage,
deed of trust, credit agreement, note, evidence of indebtedness or other
instrument, written or otherwise, to which such Person is a party or by which it
or any of its property is bound.

“Environmental Laws” means all Federal, state, local, and
foreign statute, Law, regulation, ordinance, rule, common Law, judgment, order,
decree or other governmental requirement or restriction relating to pollution or
protection of human health or the environment (including, without limitation,
ambient air, surface water, ground water, land surface or subsurface strata and
natural resources), including, without limitation, Laws relating to emissions,
discharges, releases or threatened releases of Materials of Environmental
Concern, or otherwise relating to the manufacture, processing, distribution,
use, treatment, storage, disposal, transport or handling of Materials of
Environmental Concern; provided that Environmental Laws does not include the
Occupational Safety and Health Act or any other similar Requirement of Law
governing worker safety or workplace conditions.

“Equitable Principles” means applicable bankruptcy, insolvency,
reorganization, moratorium, fraudulent transfer and other similar Laws affecting
creditors’ rights generally from time to time in effect and to general
principles of equity, regardless of whether in a proceeding at equity or at
Law.

2 

“Exchange Act” means the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder by the Commission
from time to time.

“Governmental Authority” means the government of any nation,
state, city, locality or other political subdivision of any thereof, and any
entity exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government or any international regulatory body or
self-regulatory organization having or asserting jurisdiction over a Person, its
business or its properties.

“Law” means all Federal, state, local, and foreign statute,
law, regulation, ordinance, rule, common law, judgment, order, decree or other
governmental requirement or restriction of all applicable jurisdictions.

“Lien” means any mortgage, deed of trust, pledge,
hypothecation, assignment, encumbrance, lien (statutory or other), voting or
other restriction, preemptive right or other security interest of any kind or
nature whatsoever.

“Material Adverse Effect” means any material adverse change in
or affecting (i) the business, properties, assets, liabilities, operations,
results of operations (financial or otherwise), condition, or prospects of the
Company and its Subsidiaries taken as a whole or (ii) the ability of the Company
or any of the Company’s Subsidiaries to consummate the Contemplated
Transactions; provided, however, that none of the following shall be deemed in
themselves, either alone or in combination, to constitute, and none of the
following shall be taken into account in determining whether there has been, a
Material Adverse Effect: (A) any change in the market price or trading volume of
the capital stock of the Company after the date hereof (B) any changes, events
or occurrences in the United States securities markets which are not specific to
the Company, (C) any changes, events, developments or effects resulting from
general economic conditions, which are not specific to the Company or its
Subsidiaries and which do not affect the Company or its Subsidiaries in a
materially disproportionate manner and (D) any changes resulting from the
execution or announcement of this Agreement and the Contemplated
Transactions.

“Materials of Environmental Concern” means chemicals,
pollutants, contaminants, industrial, toxic or hazardous wastes, substances or
constituents, petroleum and petroleum products (or any by-product or constituent
thereof), asbestos or asbestos-containing materials, lead or lead-based paints
or materials, PCBs, or radon, or any other materials that are regulated by, or
may form the basis of liability under, any Environmental Law.

“NASDAQ” means The Nasdaq Stock Market Inc.’s National Market
System. “NYSE” means the New York Stock Exchange.

“Person” means a legal person, including any individual,
corporation, estate, partnership, joint venture, association, joint-stock
company, company, limited liability company, trust, unincorporated association,
Governmental Authority, or any other entity of whatever nature. “Purchase Price”
has the meaning assigned to such term in Section 2.1.

“Purchaser” has the meaning assigned to such term in the
Preamble.

3 

“Purchaser Indemnitee” has the meaning assigned to such term in
Section 6.1. 

“Requirement of Law” means, as to any Person, the certificate
of incorporation and bylaws or other organizational or governing documents of
such Person, and any Law (including, without limitation, Laws related to Taxes
and Environmental Laws), treaty, rule, regulation, ordinance, qualification,
standard, license or franchise or determination of an arbitrator or a court or
other Governmental Authority, including the NYSE or NASDAQ or any national
securities exchange or automated quotation system on which the Common Stock is
listed or admitted to trading, in each case applicable to, or binding upon, such
Person or any of its property or to which such Person or any of its property is
subject or pertaining to any or all of the transactions contemplated hereby.

“Securities Act” means the Securities Act of 1933, as amended,
and the rules and regulations promulgated thereunder by the Commission from time
to time.

“Shares” mean the shares of Common Stock.

“Subsidiary” of any specified Person means any other Person
more than 50% of the outstanding voting securities of which is owned or
controlled, directly or indirectly, by such specified Person or by one or more
other Subsidiaries of such specified Person, or by such specified Person and one
or more other Subsidiaries of such specified Person. For the purposes of this
definition, “voting securities” means securities which ordinarily have voting
power for the election of directors (or other Persons having similar functions),
whether at all times or only so long as no senior class of securities has such
voting power by reason of any contingency, or other ownership interests
ordinarily constituting a majority voting interest.

“Tax” or “Taxes” means any taxes, assessment, duties, fees,
levies, imposts, deductions, or withholdings, including income, gross receipts,
ad valorem, value added, excise, real or personal property, asset, sales, use,
license, payroll, transaction, capital, net worth and franchise taxes, estimated
taxes, withholding, employment, social security, workers’ compensation, utility,
severance, production, unemployment compensation, occupation, premium, windfall
profits, transfer and gains taxes, or other governmental charges of any nature
whatsoever, imposed by any taxing authority of any government or country or
political subdivision of any country, and any liabilities with respect thereto,
including any penalties, additions to tax, fines or interest thereon and
includes any liability for Taxes of another Person by Contract, as a transferee
or successor, under Treasury Regulation 1.1502 -6 or analogous state, local or
foreign Requirement of Law provision or otherwise.

“Trading Affiliates” has the meaning assigned to such term in
Section 3.11.

“Voting Securities” means any class or classes of stock of the
Company pursuant to which the holders thereof have the general power under
ordinary circumstances to vote with respect to the election of the Board of
Directors, irrespective of whether or not, at the time, stock of any other class
or classes shall have, or might have, voting power by reason of the happening of
any contingency.

4 

ARTICLE 2 
PURCHASE AND SALE OF COMMONCOMMON
STOCK

2.1 Purchase and Sale of Common Stock. Subject to the
terms set forth herein and in reliance upon the representations set forth below,
the Company shall issue to the Purchaser an aggregate of 2,272,727 shares of
Common Stock which shall be sold by the Company to the Purchaser for an
aggregate purchase price of $4,000,000 ($1.76 per share of Common Stock) (the
“Purchase Price”).

2.2 Closing. Subject to the last sentence of this
Section 2.2, the issuance, sale and purchase of the Common Stock shall take
place at a closing (the “Closing”) to be held at the offices of Cooley LLP, 1114
Avenue of the Americas, New York, New York (except that the Closing may be
conducted as a “virtual closing”, with the parties providing signature pages to
each other electronically or via facsimile), at 10:00 A.M., local time, on the
Closing Date. On the first Business Day after the conditions set forth in
Sections 4.1 and 5.1 (other than those to be satisfied on the Closing Date,
which shall be satisfied or waived on such date) have been satisfied or waived
by the party entitled to waive such conditions or such later date and time as
the parties may agree in writing (the “Closing Date”), the Purchaser shall
(a)(i) deliver to the Company by wire transfer in immediately available funds to
an account or accounts designated in writing by the Company to the Purchaser on
the Closing Date, funds in an amount equal to the Purchase Price (which funds
will be used by the Company in accordance with Section 2.3), (ii) make or cause
to be made the deliveries applicable to the Purchaser set forth in Section 5.1
and (b) the Company shall (i) issue and deliver to the Purchaser all of the
shares of the Common Stock, , registered as directed in writing by the Purchaser
and (ii) make or cause to be made the deliveries set forth in Section 4.1. In no
event shall the Company, by reason of this Section 2.3, any of the other terms
of this Agreement or otherwise, be obligated to deliver to the Purchaser any
shares of Common Stock unless and until the Company has received payment from
the Purchaser of the full amount of the Purchase Price. 

2.3 Use of Proceeds. The Purchase Price shall be used by
the Company for general working capital purposes as approved by the Board. 

ARTICLE 3 
REPRESENTATIONS AND WARRANTIES OF THE
PURCHASER

The Purchaser hereby represents and warrants to the Company as
follows with respect that Purchaser: 

3.1 Existence and Power. The Purchaser (a) is duly
organized and validly existing under the Laws of the jurisdiction of its
formation and (b) has all requisite power and authority to execute, deliver and
perform its obligations under this Agreement.

3.2 Authorization; No Contravention. The execution,
delivery and performance by the Purchaser of each Company Agreement to which it
is a party and the Contemplated Transactions (a) have been duly authorized by
all necessary corporate or other action, (b) do not contravene the terms of the
Purchaser’s organizational documents, and (c) do not violate, conflict with or
result in any breach or contravention of, or the creation of any Lien under, any
Contractual Obligation of the Purchaser or any Requirement of Law applicable to
the Purchaser, except for such violations, conflicts, breaches or Liens which,
individually or in the aggregate, have not had and would not reasonably be
expected to have a material adverse effect on the Purchaser’s ability to
consummate the Contemplated Transactions.

5 

3.3 Governmental Authorization; Third Party Consents.
Except as listed in Schedule 4.3 or, individually or in the aggregate, as has
not had and would not reasonably be expected to have a material adverse effect
on the Purchaser’s legal power or ability to purchase or own the Common Stock
and exercise the rights incident thereto, no approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any
Governmental Authority or any other Person in respect of any Requirement of Law,
and no lapse of a waiting period under a Requirement of Law, is necessary or
required in connection with the execution, delivery or performance by the
Purchaser, or enforcement against the Purchaser, of this Agreement or the
consummation of the Contemplated Transactions.

3.4 Binding Effect. This Agreement has been duly
executed and delivered by the Purchaser and, subject to Equitable Principles,
constitutes the legal, valid and binding obligation of the Purchaser,
enforceable against it in accordance with its terms.

3.5 Investment Representations. 

(a) Purchase for Own Account. The shares of Common Stock
are being acquired by the Purchaser for its own account and with no current
intention of distributing or reselling such shares of Common Stock or any part
thereof in any transaction that would be in violation of the securities Laws of
the United States of America or any state, without prejudice, however, to the
rights of the Purchaser at all times to sell or otherwise dispose of all or any
part of the Common Stock under an effective registration statement under the
Securities Act or under an exemption from said registration available under the
Securities Act. The Purchaser understands and agrees that if the Purchaser
should in the future decide to dispose of any Common Stock, it may do so only in
compliance with the Securities Act and applicable state securities Laws, as then
in effect. The Purchaser agrees to the imprinting, so long as required by Law,
of a legend on all certificates representing shares of Common Stock. 

(b) Purchaser Status. The Purchaser is an “Accredited
Investor” (as defined in Rule 501(a)) under the Securities Act.

(c) Restricted Shares. The Purchaser understands (i)
that the shares of the Common Stock have not been, and the shares of Common
Stock will not be registered under the Securities Act or any state securities
Laws, by reason of their issuance by the Company in a transaction exempt from
the registration requirements thereof and (ii) the shares of the Common Stock
may not be sold unless such disposition is registered under the Securities Act
and applicable state securities Laws or is exempt from registration
thereunder.

(d) Investment Experience. The Purchaser acknowledges
that the purchase of the Common Stock is a highly speculative investment and
that it can bear the economic risk and complete loss of its investment and has
such knowledge and experience in financial and/or business matters that it is
capable of evaluating the merits and risks of the investment contemplated
hereby.

6 

3.6 Receipt of Information. The Purchaser represents
that it has had an opportunity to ask questions and receive answers and
documents from the Company regarding the business, properties, prospects and
financial condition of the Company and concerning the terms and conditions of
the offering of the Common Stock. 

3.7 No Brokers or Finders. Except as contemplated by
this Agreement, no agent, broker, finder, or investment or commercial banker or
other Person (if any) engaged by or acting on behalf of the Purchaser or any of
its Affiliates is or will be entitled to any brokerage or finder’s or similar
fee or other commission as a result of this Agreement or the Contemplated
Transactions. 

3.8 Sufficient Funds. The Purchaser will have at the
Closing funds sufficient to perform its obligations under this Agreement and to
consummate the Contemplated Transactions. 

3.9 Litigation. There is no legal action, suit,
arbitration or other legal, administrative or other governmental investigation,
inquiry, proceeding or other Actions pending or, to the knowledge of the
Purchaser, threatened against or affecting the Purchaser or relating the
Contemplated Transactions which, if determined adversely to the Purchaser,
individually or in the aggregate, has had or would reasonably be expected to
have a material adverse effect on the Purchaser’s ability to consummate the
Contemplated Transactions. The Purchaser is not subject to any Decree that,
individually or in the aggregate, has had or would reasonably be expected to
have a material adverse effect on the Purchaser’s ability to consummate the
Contemplated Transactions. 3.10 No General Solicitation. The Purchaser
did not learn of the investment in the Common Stock as a result of any public
advertising, and is not aware of any public advertisement or general
solicitation in respect of the Company or its securities.

3.11 Prohibited Transactions. Other than with respect to
the transactions contemplated herein, since the earlier to occur of: (a) the
time that the Purchaser was first contacted by the Company, or any other Person
regarding an investment in the Company and (b) the thirtieth (30th)
day prior to the date hereof, neither the Purchaser nor any Affiliate of the
Purchaser which (i) had knowledge of the transactions contemplated hereby, (ii)
has or shares discretion relating to the Purchaser’s investments or trading or
information concerning the Purchaser’s investments, or (iii) is subject to the
Purchaser’s review or input concerning such Affiliate’s investments or trading
decisions (collectively, “Trading Affiliates”) has, directly or indirectly, nor
has any Person acting on behalf of, or pursuant to, any understanding with the
Purchaser or Trading Affiliate effected or agreed to effect any transactions in
the securities of the Company or involving the Company’s securities.

3.12 Reliance on Exemptions. The Purchaser understands
that the Common Stock is being offered and sold to it in reliance upon specific
exemptions from the registration requirements of United States federal and state
securities Laws and that the Company is relying upon the truth and accuracy of,
and the Purchaser’s compliance with, the representations, warranties,
agreements, acknowledgments and understandings of the Purchaser set forth herein
in order to determine the availability of such exemptions and the eligibility of
the Purchaser to acquire the Common Stock.

7 

3.13 Affiliates. The Purchaser is not, has not within
the thirty (30) days prior to the date of this Agreement been, and, at the
Closing Date will not be, Affiliated with, or an Affiliate of, any other
Purchaser. 

ARTICLE 4 
CONDITIONS PRECEDENT TO THE OBLIGATION
OF THE PURCHASER TO CLOSE 

4.1 Conditions to Closing. The obligation of the
Purchaser to enter into and complete the Closing are subject to the fulfillment
on or prior to the Closing Date of the following conditions, any one or more of
which may be waived by the Purchaser: 

(a) Secretary’s Certificate. The Purchaser shall have
received a certificate of the Secretary or an Assistant Secretary certifying
that attached thereto are true and complete copies of (i) the Articles of
Incorporation and the Company’s Amended and Restated Bylaws, and (ii) all
resolutions adopted by the Board of Directors of the Company authorizing the
execution, delivery and performance of this Agreement and the consummation of
the Contemplated Transactions, and that all such resolutions are in full force
and effect and are all the resolutions adopted in connection with the
transactions contemplated hereby and thereby, and certifying the names and
signatures of the officers of the Company authorized to sign this Agreement, and
the other documents to be delivered hereunder and thereunder.

(b) Good Standing. The Company shall have delivered to
Purchaser a good standing certificate (or its equivalent) for the Company from
the secretary of state of Nevada.

(c) No Actions. (i) No Action shall be pending or
overtly threatened by any Governmental Authority or any other party against the
Company or any of its directors or against that Purchaser, which Action is
reasonably likely to (A) restrain or prohibit the consummation of any of the
Contemplated Transactions, or (B) result in damages that alone or together with
the costs and expenses of defending such Action are material in relation to the
Company and its Subsidiaries, taken as a whole, and (ii) no Law, order, decree,
rule or injunction shall have been enacted, entered, promulgated or enforced by
any Governmental Authority that prohibits or makes illegal the consummation of
any of the Contemplated Transactions. 

(d) No Material Adverse Effect. No event or development
shall have occurred (or failed to occur) and there shall be no circumstance (and
that Purchaser shall not have become aware of any previously existing
circumstance) that, individually or in the aggregate, has had or would
reasonably be expected to have a Material Adverse Effect. 

(e) Consents and Amendments. Any and all consents,
approvals, orders, licenses and other actions (i) necessary to be obtained from
Governmental Authorities in order to consummate the Contemplated Transactions
and for the Company to operate its business as currently conducted and as
currently contemplated to be conducted following the Closing shall have been
obtained and delivered to the Purchaser without any limitation, restriction or
requirement that would adversely affect the ability of that Purchaser to obtain
the benefits (financial or otherwise) from the Contemplated Transactions, and
any applicable waiting periods (and any extensions thereof) shall have been
terminated or shall have expired. 

8 

(f) NASDAQ Listing. The shares of Common Stock issuable
have been approved for listing on NASDAQ, subject only to official notice of
issuance.

(g) Approvals and Permits. All of the Company’s
regulatory approvals and permits necessary for the conduct of the Company’s
business must be effective, except where the non-effectiveness such regulatory
approvals or permits would not have or reasonably be expected to result in a
Material Adverse Effect.

ARTICLE 5 
CONDITIONS PRECEDENT TO THE OBLIGATION
OF THE COMPANY TO CLOSE 

5.1 Conditions to Closing. The obligation of the Company
to enter into and complete the Closing are subject to the fulfillment on or
prior to the Closing Date of the following conditions, any one or more of which
may be waived by the Company: 

(a) Representations and Covenants. The
  representations and warranties of the Purchaser contained in this Agreement
  shall be true and correct in all material respects (other than those which are
  qualified as to materiality, which shall be true and correct in all respects) on
  and as of the Closing Date with the same force and effect as though made on and
  as of the Closing Date (except that representations and warranties made as of a
  specific date shall be true and correct in all material respects (except as
  aforesaid) on such date); the Purchaser shall have in all material respects
  performed and complied with all covenants and agreements required by this
  Agreement to be performed or complied with by it on or prior to the Closing
  Date; and the Purchaser shall have delivered to the Company a certificate, dated
  the date of the Closing Date and signed by the applicable Purchaser, to the
  foregoing effect. 

(b) No Actions. (i) No Action shall be pending or
overtly threatened by any Governmental Authority or any other party against the
Company or any of its directors or the Purchaser, which Action is reasonably
likely to (A) restrain or prohibit the consummation of any of the Contemplated
Transactions, or (B) result in damages that alone or together with the costs and
expenses of defending such Action are material in relation to the Company and
its Subsidiaries, taken as a whole, and (ii) no Law, order, decree, rule or
injunction shall have been enacted, entered, promulgated or enforced by any
Governmental Authority that prohibits or makes illegal the consummation of any
of the Contemplated Transactions.

(c) Consents and Amendments. Any and all consents,
approvals, orders, licenses and other actions necessary to be obtained (i) from
Governmental Authorities in order to consummate the Contemplated Transactions
and for the Company to operate its business as currently conducted and as
currently contemplated to be conducted following the Closing. 

9 

ARTICLE 6 
INDEMNIFICATION 

6.1 Indemnification. The Company hereby agrees to
indemnify, defend and hold harmless the Purchaser, its Affiliates and its
directors, managers, officers, agents, advisors, representatives, employees,
successors and assigns (each, a “Purchaser Indemnitee”) from and against all
Claims, including without limitation, interest, penalties and attorneys’ fees
and expenses, asserted against, resulting to, or imposed upon or incurred by
such Purchaser Indemnitee by a third party and arising out of or resulting from
any allegation or Claim in respect of any wrongful action or inaction by the
Company in connection with the authorization, execution, delivery and
performance of this Agreement, except to the extent that the Purchaser
Indemnitee has committed a material breach of its representations, warranties or
obligations under this Agreement, which breach is the cause of the Company’s
wrongful action or inaction. 

6.2 Terms of Indemnification. The obligations and
liabilities of the Company with respect to Claims by third parties will be
subject to the following terms and conditions: (a) a Purchaser Indemnitee will
give the Company prompt notice of any Claims asserted against, resulting to,
imposed upon or incurred by such Purchaser Indemnitee, directly or indirectly,
and the Company will undertake the defense thereof by representatives of their
own choosing which are reasonably satisfactory to such Purchaser Indemnitee;
provided that the failure of any Purchaser Indemnitee to give notice as provided
in Section 8.3 shall not relieve the Company of its obligations under this
Article 9; (b) if within a reasonable time after notice of any Claim, the
Company fails to defend, such Purchaser Indemnitee will have the right to
undertake the defense, compromise or settlement of such Claims on behalf of and
for the account and at the risk of the Company, subject to the right of the
Company to assume the defense of such Claim at any time prior to settlement,
compromise or final determination thereof; (c) if there is a reasonable
probability that a Claim may materially and adversely affect a Purchaser
Indemnitee other than as a result of money damages or other money payments, such
Purchaser Indemnitee will have the right at its own expense to defend, or
co-defend, such Claim; (d) neither the Company nor the Purchaser Indemnitee
will, without the prior written consent of the other, settle or compromise any
Claim or consent to entry of any judgment relating to any such Claim; (e) with
respect to any Claims asserted against a Purchaser Indemnitee, such Purchaser
Indemnitee will have the right to employ one counsel of its choice in each
applicable jurisdiction (if more than one jurisdiction is involved) to represent
such Purchaser Indemnitee if, in such Purchaser Indemnitee’s reasonable
judgment, a conflict of interest between such Purchaser Indemnitee and the
Company exists in respect of such Claims, and in that event the fees and
expenses of such separate counsel shall be paid by the Company; and (f) the
Company will provide each Purchaser Indemnitee reasonable access to all records
and documents of the Company relating to any Claim.

ARTICLE 7 
TERMINATION 

7.1 Termination of Agreement. The Parties may terminate
this Agreement as provided below: 

(a) the Purchaser and the Company may terminate this Agreement
by mutual written consent at any time prior to the Closing;

10 

(b) the Purchaser may terminate this Agreement by giving
written notice to the Company at any time prior to the Closing (i) in the event
the Company has breached any material covenant contained in this Agreement in
any material respect (or breached in any respect, if such covenant is qualified
by materiality or material adverse effect), and the Purchaser has notified the
Company of the breach or (ii) if the Closing shall not have occurred on or
before May 31, 2016 by reason of the failure of any condition precedent under
Section 4.1 hereof (unless the failure results primarily from one or more
Purchaser breaching any representation, warranty, or covenant contained in this
Agreement); and 

(c) the Company may terminate this Agreement by giving written
notice to the Purchaser Representative at any time prior to the Closing (i) in
the event Purchaser has breached any material representation, warranty, or
covenant contained in this Agreement in any material respect (or breached in any
respect, if such representation, warranty or covenant is qualified by
materiality or material adverse effect), and the Company has notified the
Purchaser of the breach or (ii) if the Closing shall not have occurred on or
before May 31, 2016 by reason of the failure of any condition precedent under
Section 5.1 hereof (unless the failure results primarily from the Company itself
breaching any representation, warranty, or covenant contained in this
Agreement). 

7.2 Effect of Termination. Upon termination of this
Agreement pursuant to Section 7.1 above, all rights and obligations of the
Parties hereunder shall terminate without any liability of either Party to the
other Party (except for any liability of the Party then in breach).

ARTICLE 8 
MISCELLANEOUS 

8.1 Survival. All representations and warranties,
covenants and agreements of the Purchaser contained in this Agreement shall
remain operative and in full force and effect regardless of any investigation
made by or on behalf of the Company, any of its officers and directors or any
controlling Person thereof, and such representations and warranties shall
survive for a period of 24 months from the Closing Date. The covenants and
agreements contained herein shall survive in accordance with their terms. 

8.2 Fees and Expenses. On the Closing Date, the Company
shall pay its own expenses incurred in connection with the negotiation,
execution, delivery, performance and consummation of this Agreement and the
Contemplated Transactions. 

8.3 Notices. All notices or other communications
required or permitted hereunder shall be in writing and shall be delivered
personally, telecopied or sent by certified, registered or express mail, postage
prepaid. Any such notice shall be deemed given if delivered personally or
telecopied, on the date of such delivery, or if sent by reputable overnight
courier, on the first Business Day following the date of such mailing, as
follows: 

	 	(a) 	
      if to the Company:

YOU On Demand Holdings, Inc. 
375 Greenwich Street, Suite
516 
New York, New York 10003

11 

Attn: Mei Chen 
Telecopy: (212) 206-9112 

with a copy to: Cooley LLP
1114 Avenue of the Americas

New York, NY 10036-7798 
Attention: William N. Haddad 
Telecopy: (212)
479-6275

	 	(b) 	
      if to the Purchaser:

Seven Star Works Co., Ltd. 
12F, Ace High-End Tower
8,
84, Gasan Digital 1-ro Geumcheon-gu 
Seoul 08590, Korea 
Attn:
Hyungseok (David) Do 

with a copy to: 

Sun Seven Stars Headquarters
No 4. Feng Hua Yuan Qi Che Dian
Ying Yuan, 
No. 21 Liang Ma Qiao Road, Chaoyang District 
Beijing, China

Attn: Zhang Jie

Any party may by notice given in accordance with this Section
8.3 designate another address or Person for receipt of notices hereunder. 

8.4 Successors and Assigns. This Agreement shall inure
to the benefit of and be binding upon the successors and permitted assigns of
the parties hereto. Other than the parties hereto and their successors and
permitted assigns, and except as set forth in Section 6.1, no Person is intended
to be a beneficiary of this Agreement. No party hereto may assign its rights
under this Agreement without the prior written consent of the other party
hereto; provided, however, that, without the prior written consent of the
Company, after the Closing the Purchaser may assign all or any portion of its
rights hereunder (along with the corresponding obligations) to any purchaser or
transferee of shares of the Common Stock. Any assignee of the Purchaser pursuant
to the proviso of the foregoing sentence shall be deemed to be a “Purchaser” for
all purposes of this Agreement. 

8.5 Amendment and Waiver.

(a) No failure or delay on the part of the Company or the
Purchaser in exercising any right, power or remedy hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any such right,
power or remedy preclude any other or further exercise thereof or the exercise
of any other right, power or remedy. The remedies provided for herein are
cumulative and are not exclusive of any remedies that may be available to the
Company or the Purchaser at Law, in equity or otherwise. 

12 

(b) Any amendment, supplement or modification of or to any
provision of this Agreement and any waiver of any provision of this Agreement
shall be effective only if it is made or given in writing and signed by the
Company and the Purchaser. 

8.6 Counterparts. This Agreement may be executed in any
number of counterparts and by the parties hereto in separate counterparts, all
of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement.

8.7 Headings. The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof. 

8.8 Governing Law; Consent to Jurisdiction; Waiver of Jury
Trial. This Agreement shall be governed by and construed in accordance with
the Requirements of Law of the State of New York without giving effect to the
principles of conflict of Laws. Each of the parties hereto hereby irrevocably
and unconditionally consents to submit to the exclusive jurisdiction of the
courts of the State of New York and of the United States of America, in each
case located in the County of New York, for any Action arising out of or
relating to this Agreement and the Contemplated Transactions (and agrees not to
commence any Action relating thereto except in such courts), and further agrees
that service of any process, summons, notice or document by U.S. registered mail
to its respective address set forth in this Agreement, or such other address as
may be given by one or more parties to the other parties in accordance with the
notice provisions of Section 8.3, shall be effective service of process for any
action, suit or proceeding brought against it in any such court. Each of the
parties hereto hereby irrevocably and unconditionally waives any objection to
the laying of venue of any action, suit or proceeding arising out of this
Agreement or the transactions contemplated hereby in the courts of the State of
New York or the United States of America, in each case located in the County of
New York, and hereby further irrevocably and unconditionally waives and agrees
not to plead or claim in any such court that any such Action brought in any such
court has been brought in an inconvenient forum. Each of the parties irrevocably
and unconditionally waives, to the fullest extent permitted by applicable
Requirements of Law, any and all rights to trial by jury in connection with any
action, suit or proceeding arising out of or relating to this Agreement or the
transactions contemplated hereby. 

8.9 Severability. If any one or more of
  the provisions contained herein, or the application thereof in any circumstance,
  is held invalid, illegal or unenforceable in any respect for any reason, the
  validity, legality and enforceability of any such provision in every other
  respect and of the remaining provisions hereof shall not be in any way impaired,
  unless the provisions held invalid, illegal or unenforceable shall substantially
  impair the benefits of the remaining provisions hereof. 

8.10 Entire Agreement. This Agreement, together with the
schedules and exhibits hereto, or delivered pursuant hereto, are intended by the
parties as a final expression of their agreement and intended to be a complete
and exclusive statement of the agreement and understanding of the parties hereto
in respect of the subject matter contained herein and therein. There are no
restrictions, promises, warranties or undertakings, other than those set forth
or referred to herein or therein. This Agreement, together with the schedules
and exhibits hereto, or delivered pursuant hereto, supersede all prior
agreements and understandings between the parties with respect to such subject
matter. 

13 

8.11 Further Assurances. Subject to the terms and
conditions of this Agreement, from time to time after the Closing, the Company
and the Purchaser agree to cooperate with one another, and at the request of the
Company or the Purchaser, as applicable, to execute and deliver any further
instruments or documents and take all such further action as the other party may
reasonably request in order to evidence or effectuate the consummation of the
Contemplated Transactions and to otherwise carry out the intent of the parties
hereunder. In furtherance and not in limitation of the foregoing, the Company
agrees to all actions necessary to give effect to the voting rights of the
Common Stock in accordance with the terms thereof.

8.12 Public Announcements. Except as required by any
Requirement of Law, none of the parties hereto will issue or make any reports,
statements or releases to the public with respect to this Agreement or the
Contemplated Transactions without consulting the Company or the Purchaser, as
applicable, AND without the approval of the Company and the Purchaser, as
applicable (such approval not to be unreasonably withheld or delayed). 

8.13 Subsidiaries. Whenever this Agreement provides that
a Subsidiary of the Company is obligated to take or refrain from taking any
action, the Company shall cause such Subsidiary to take or refrain from taking
such action.

8.14 Specific Performance. The parties acknowledge that
money damages are not an adequate remedy for violations of this Agreement and
that any party may, in its sole discretion, apply to a court of competent
jurisdiction for specific performance or injunctive or such other relief as such
court may deem just and proper in order to enforce this Agreement or prevent any
violation hereof and, to the extent permitted by applicable Law, each party
waives any objection to the imposition of such relief or any requirement for a
bond.

8.15 Legends. Any legends placed on the Common Stock
issuable, if any, pursuant to the Contemplated Transactions shall be removed by
the Company upon delivery of an opinion of counsel reasonably acceptable to the
Company stating that such legend is no longer necessary. 

[Signature pages follow] 

14 

IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed and delivered by their respective officers hereunto
duly authorized as of the date first above written.

YOU ON DEMAND HOLDINGS, INC. 

By___/s/ Mingcheng
Tao______________
           
Name: Mingcheng Tao

            Title:
CEO 

[Signature Page to Common Stock Purchase Agreement] 

PURCHASER: 

SEVEN STAR WORKS CO., LTD. 

By:____/s/ Park Seung Jun
____________
              
Name: Park Seung
Jun 
              Title:
CEO 

[Signature Page to Common Stock Purchase Agreement]YOU On Demand Holdings, Inc.: Exhibit 10.3 - Filed by newsfilecorp.com

COMMON STOCK PURCHASE AGREEMENT

BY AND AMONG

YOU ON DEMAND HOLDINGS, INC., 

AND 

HARVEST ALTERNATIVE INVESTMENT OPPORTUNITIES SPC 

AS PURCHASER, 

DATED AS AUGUST 11, 2016 

Table of Contents 

	  	 	Page
	  	  	  
	ARTICLE 1
      DEFINITIONS 	1 
	1.1 	Definitions 	1 
	ARTICLE 2
      PURCHASE AND SALE OF COMMON STOCK 	5 
	2.1 	Purchase and Sale of Common
      Stock 	5 
	2.2 	Closing
    	5 
	2.3 	Use of Proceeds 	5 
	ARTICLE 3
      REPRESENTATIONS AND WARRANTIES OF THE PURCHASER 	6 
	3.1 	Existence and Power 	6 
	3.2 	Authorization; No Contravention 	6 
	3.3 	Governmental Authorization;
      Third Party Consents 	6 
	3.4 	Binding
      Effect 	6 
	3.5 	Investment Representations
      	6 
	3.6 	Receipt of
      Information 	7 
	3.7 	No Brokers or Finders 	7 
	3.8 	Sufficient
      Funds 	7 
	3.9 	Litigation 	7 
	3.10 	No General
      Solicitation 	7 
	3.11 	Prohibited Transactions
    	7 
	3.12 	Reliance on
      Exemptions 	8 
	3.13 	Affiliates 	8 
	ARTICLE 4
      CONDITIONS PRECEDENT TO THE OBLIGATION OF THE PURCHASER TO CLOSE 	8 
	4.1 	Conditions to Closing 	8 
	ARTICLE 5
      CONDITIONS PRECEDENT TO THE OBLIGATION OF THE COMPANY TO CLOSE 	9 
	5.1 	Conditions to Closing 	9 
	ARTICLE 6
      INDEMNIFICATION 	10
  
	6.1 	Indemnification 	10 
	6.2 	Terms of
      Indemnification 	10
  
	ARTICLE 7 TERMINATION 	11 
	7.1 	Termination
      of Agreement 	11
  
	7.2 	Effect of Termination
	11 
	ARTICLE 8
      MISCELLANEOUS 	11
  
	8.1 	Survival 	11 
	8.2 	Fees and
      Expenses 	12
  
	8.3 	Notices 	12 
	8.4 	Successors
      and Assigns 	13
  
	8.5 	Amendment and Waiver 	13 
	8.6 	Counterparts
      	13
  
	8.7 	Headings 	13 
	8.8 	Governing
      Law; Consent to Jurisdiction; Waiver of Jury Trial 	13
  
	8.9 	Severability 	14 
	8.10 	Entire
      Agreement 	14
  

i 

	8.11
      	Further
      Assurances 	14
      
	8.12
      	Public
      Announcements 	14
      
	8.13
      	Subsidiaries
      	14
      
	8.14
      	Specific
      Performance 	14
      
	8.15
      	Legends
      	15
      

ii 

COMMON STOCK PURCHASE AGREEMENT

COMMON STOCK PURCHASE AGREEMENT, dated as of August 11, 2016
(this “Agreement”), by and among YOU On Demand Holdings, Inc., a Nevada
Corporation (the Company”) Harvest Alternative Investment Opportunities SPC
(“Purchaser”).

WHEREAS, the Company proposes to issue and sell to the
Purchaser, and the Purchaser propose to buy, for an aggregate purchase price of
$4,000,000, an aggregate of 2,272,727 shares of Common Stock, par value $0.001
per share (the “Common Stock”); and 

NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth herein and for good and valuable consideration, the receipt
and adequacy of which is hereby acknowledged, the parties hereto agree as
follows:

ARTICLE 1 
DEFINITIONS

1.1 Definitions. As used in this Agreement, and unless
the context requires a different meaning, the following terms shall have the
meanings set forth below: 

“Accredited Investor” has the meaning assigned to such term in
Section 3.5(b) .

“Actions” means actions, causes of action, suits, claims,
complaints, demands, litigations or legal, administrative or arbitral
proceedings.

“Affiliate” of any specified Person means any other Person
directly or indirectly controlling or controlled by or under direct or indirect
common control with such specified Person and with respect to any individual,
the spouse, parent, sibling, child, step-child, grandchild, niece or nephew of
such individual or the spouse thereof and any trust for the benefit of such
Stockholder or any of the foregoing. For the purposes of this definition,
“control” when used with respect to any specified Person means the power to
direct the management and policies of such Person, whether through the ownership
of Voting Securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing.

“Agreement” has the meaning assigned to such term in the
Preamble.

“Articles of Incorporation” means the articles of incorporation
of the Company, as the same may have been amended and in effect as of the
Closing Date.

“associate” has the meaning assigned in Rule 12b-2 promulgated
by the Commission under the Exchange Act.

“beneficially own” with respect to any securities means having
“beneficial ownership” of such securities as determined pursuant to Rule 13d-3
under the Exchange Act, as in effect on the date hereof.

1 

“Board of Directors” means either the board of directors of the
Company or any duly authorized committee thereof.

“Business Day” means any day other than (i) a Saturday or
Sunday or (ii) a day on which banking institutions in New York City are
authorized or obligated by Law or executive order to remain closed.

“Bylaws” means the bylaws of the Company, as the same may have
been amended and in effect as of the Closing Date.

“Claims” means losses, claims, damages or liabilities, joint or
several, Actions or proceedings (whether commenced or threatened).

“Closing” has the meaning assigned to such term in Section 2.2.

“Closing Date” has the meaning assigned to such term in Section
2.2.

“Commission” means the Securities and Exchange Commission or
any similar agency then having jurisdiction to enforce the Securities Act.

“Common Stock” means the Common Stock, par value $0.001 per
share, of the Company. 

“Company” has the meaning assigned to such term in the
Preamble.

“Contemplated Transactions” means the transactions contemplated
by this Agreement and the exhibits hereto, including, without limitation, the
issuance, purchase and sale of the Common Stock; 

“Contractual Obligation” means, as to any Person, any
agreement, undertaking, contract, indenture, mortgage, deed of trust, credit
agreement, note, evidence of indebtedness or other instrument, written or
otherwise, to which such Person is a party or by which it or any of its property
is bound.

“Environmental Laws” means all Federal, state, local, and
foreign statute, Law, regulation, ordinance, rule, common Law, judgment, order,
decree or other governmental requirement or restriction relating to pollution or
protection of human health or the environment (including, without limitation,
ambient air, surface water, ground water, land surface or subsurface strata and
natural resources), including, without limitation, Laws relating to emissions,
discharges, releases or threatened releases of Materials of Environmental
Concern, or otherwise relating to the manufacture, processing, distribution,
use, treatment, storage, disposal, transport or handling of Materials of
Environmental Concern; provided that Environmental Laws does not include the
Occupational Safety and Health Act or any other similar Requirement of Law
governing worker safety or workplace conditions.

“Equitable Principles” means applicable bankruptcy, insolvency,
reorganization, moratorium, fraudulent transfer and other similar Laws affecting
creditors’ rights generally from time to time in effect and to general
principles of equity, regardless of whether in a proceeding at equity or at
Law.

2 

“Exchange Act” means the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder by the Commission
from time to time.

“Governmental Authority” means the government of any nation,
state, city, locality or other political subdivision of any thereof, and any
entity exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government or any international regulatory body or
self-regulatory organization having or asserting jurisdiction over a Person, its
business or its properties.

“Law” means all Federal, state, local, and foreign statute,
law, regulation, ordinance, rule, common law, judgment, order, decree or other
governmental requirement or restriction of all applicable jurisdictions.

“Lien” means any mortgage, deed of trust, pledge,
hypothecation, assignment, encumbrance, lien (statutory or other), voting or
other restriction, preemptive right or other security interest of any kind or
nature whatsoever.

“Material Adverse Effect” means any material adverse change in
or affecting (i) the business, properties, assets, liabilities, operations,
results of operations (financial or otherwise), condition, or prospects of the
Company and its Subsidiaries taken as a whole or (ii) the ability of the Company
or any of the Company’s Subsidiaries to consummate the Contemplated
Transactions; provided, however, that none of the following shall be deemed in
themselves, either alone or in combination, to constitute, and none of the
following shall be taken into account in determining whether there has been, a
Material Adverse Effect: (A) any change in the market price or trading volume of
the capital stock of the Company after the date hereof (B) any changes, events
or occurrences in the United States securities markets which are not specific to
the Company, (C) any changes, events, developments or effects resulting from
general economic conditions, which are not specific to the Company or its
Subsidiaries and which do not affect the Company or its Subsidiaries in a
materially disproportionate manner and (D) any changes resulting from the
execution or announcement of this Agreement and the Contemplated
Transactions.

“Materials of Environmental Concern” means chemicals,
pollutants, contaminants, industrial, toxic or hazardous wastes, substances or
constituents, petroleum and petroleum products (or any by-product or constituent
thereof), asbestos or asbestos-containing materials, lead or lead-based paints
or materials, PCBs, or radon, or any other materials that are regulated by, or
may form the basis of liability under, any Environmental Law.

“NASDAQ” means The Nasdaq Stock Market Inc.’s National Market
System. 

“NYSE” means the New York Stock Exchange.

“Person” means a legal person, including any individual,
corporation, estate, partnership, joint venture, association, joint-stock
company, company, limited liability company, trust, unincorporated association,
Governmental Authority, or any other entity of whatever nature. 

“Purchase Price” has the meaning assigned to such term in
Section 2.1.

“Purchaser” has the meaning assigned to such term in the
Preamble.

3 

“Purchaser Indemnitee” has the meaning assigned to such term in
Section 6.1. 

“Requirement of Law” means, as to any Person, the certificate
of incorporation and bylaws or other organizational or governing documents of
such Person, and any Law (including, without limitation, Laws related to Taxes
and Environmental Laws), treaty, rule, regulation, ordinance, qualification,
standard, license or franchise or determination of an arbitrator or a court or
other Governmental Authority, including the NYSE or NASDAQ or any national
securities exchange or automated quotation system on which the Common Stock is
listed or admitted to trading, in each case applicable to, or binding upon, such
Person or any of its property or to which such Person or any of its property is
subject or pertaining to any or all of the transactions contemplated hereby.

“Securities Act” means the Securities Act of 1933, as amended,
and the rules and regulations promulgated thereunder by the Commission from time
to time.

“Shares” mean the shares of Common Stock.

“Subsidiary” of any specified Person means any other Person
more than 50% of the outstanding voting securities of which is owned or
controlled, directly or indirectly, by such specified Person or by one or more
other Subsidiaries of such specified Person, or by such specified Person and one
or more other Subsidiaries of such specified Person. For the purposes of this
definition, “voting securities” means securities which ordinarily have voting
power for the election of directors (or other Persons having similar functions),
whether at all times or only so long as no senior class of securities has such
voting power by reason of any contingency, or other ownership interests
ordinarily constituting a majority voting interest.

“Tax” or “Taxes” means any taxes, assessment, duties, fees,
levies, imposts, deductions, or withholdings, including income, gross receipts,
ad valorem, value added, excise, real or personal property, asset, sales, use,
license, payroll, transaction, capital, net worth and franchise taxes, estimated
taxes, withholding, employment, social security, workers’ compensation, utility,
severance, production, unemployment compensation, occupation, premium, windfall
profits, transfer and gains taxes, or other governmental charges of any nature
whatsoever, imposed by any taxing authority of any government or country or
political subdivision of any country, and any liabilities with respect thereto,
including any penalties, additions to tax, fines or interest thereon and
includes any liability for Taxes of another Person by Contract, as a transferee
or successor, under Treasury Regulation 1.1502 -6 or analogous state, local or
foreign Requirement of Law provision or otherwise.

“Trading Affiliates” has the meaning assigned to such term in
Section 3.11.

“Voting Securities” means any class or classes of stock of the
Company pursuant to which the holders thereof have the general power under
ordinary circumstances to vote with respect to the election of the Board of
Directors, irrespective of whether or not, at the time, stock of any other class
or classes shall have, or might have, voting power by reason of the happening of
any contingency.

4 

ARTICLE 2 
PURCHASE AND SALE OF COMMONCOMMON
STOCK

2.1 Purchase and Sale of Common Stock. Subject to the
terms set forth herein and in reliance upon the representations set forth below,
the Company shall issue to the Purchaser an aggregate of 2,272,727 shares of
Common Stock which shall be sold by the Company to the Purchaser for an
aggregate purchase price of $4,000,000 ($1.76 per share of Common Stock) (the
“Purchase Price”).

2.2 Closing. Subject to the last sentence of this
Section 2.2, the issuance, sale and purchase of the Common Stock shall take
place at a closing (the “Closing”) to be held at the offices of Cooley LLP, 1114
Avenue of the Americas, New York, New York (except that the Closing may be
conducted as a “virtual closing”, with the parties providing signature pages to
each other electronically or via facsimile), at 10:00 A.M., local time, on the
Closing Date. On the first Business Day after the conditions set forth in
Sections 4.1 and 5.1 (other than those to be satisfied on the Closing Date,
which shall be satisfied or waived on such date) have been satisfied or waived
by the party entitled to waive such conditions or such later date and time as
the parties may agree in writing (the “Closing Date”), the Purchaser shall
(a)(i) deliver to the Company by wire transfer in immediately available funds to
an account or accounts designated in writing by the Company to the Purchaser on
the Closing Date, funds in an amount equal to the Purchase Price (which funds
will be used by the Company in accordance with Section 2.3), (ii) make or cause
to be made the deliveries applicable to the Purchaser set forth in Section 5.1
and (b) the Company shall (i) issue and deliver to the Purchaser all of the
shares of the Common Stock, , registered as directed in writing by the Purchaser
and (ii) make or cause to be made the deliveries set forth in Section 4.1. In no
event shall the Company, by reason of this Section 2.3, any of the other terms
of this Agreement or otherwise, be obligated to deliver to the Purchaser any
shares of Common Stock unless and until the Company has received payment from
the Purchaser of the full amount of the Purchase Price. 

2.3 Use of Proceeds. The Purchase Price shall be used by
the Company for general working capital purposes as approved by the Board. 

2.4 Bank Information. The Purchaser shall pay the funds
to following bank account designated by the Company, 

Account Name:  

Bank Name:  

Bank Address:  

Bank Account:  

Swift Code: 

5 

ARTICLE 3 
REPRESENTATIONS AND WARRANTIES OF THE
PURCHASER

The Purchaser hereby represents and warrants to the Company as
follows with respect that Purchaser: 

3.1 Existence and Power. The Purchaser (a) is duly
organized and validly existing under the Laws of the jurisdiction of its
formation and (b) has all requisite power and authority to execute, deliver and
perform its obligations under this Agreement.

3.2 Authorization; No Contravention. The execution,
delivery and performance by the Purchaser of each Company Agreement to which it
is a party and the Contemplated Transactions (a) have been duly authorized by
all necessary corporate or other action, (b) do not contravene the terms of the
Purchaser’s organizational documents, and (c) do not violate, conflict with or
result in any breach or contravention of, or the creation of any Lien under, any
Contractual Obligation of the Purchaser or any Requirement of Law applicable to
the Purchaser, except for such violations, conflicts, breaches or Liens which,
individually or in the aggregate, have not had and would not reasonably be
expected to have a material adverse effect on the Purchaser’s ability to
consummate the Contemplated Transactions.

3.3 Governmental Authorization; Third Party Consents.
Except as listed in Schedule 4.3 or, individually or in the aggregate, as has
not had and would not reasonably be expected to have a material adverse effect
on the Purchaser’s legal power or ability to purchase or own the Common Stock
and exercise the rights incident thereto, no approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any
Governmental Authority or any other Person in respect of any Requirement of Law,
and no lapse of a waiting period under a Requirement of Law, is necessary or
required in connection with the execution, delivery or performance by the
Purchaser, or enforcement against the Purchaser, of this Agreement or the
consummation of the Contemplated Transactions.

3.4 Binding Effect. This Agreement has been duly
executed and delivered by the Purchaser and, subject to Equitable Principles,
constitutes the legal, valid and binding obligation of the Purchaser,
enforceable against it in accordance with its terms.

3.5 Investment Representations. 

(a) Purchase for Own Account. The shares of Common Stock
are being acquired by the Purchaser for its own account and with no current
intention of distributing or reselling such shares of Common Stock or any part
thereof in any transaction that would be in violation of the securities Laws of
the United States of America or any state, without prejudice, however, to the
rights of the Purchaser at all times to sell or otherwise dispose of all or any
part of the Common Stock under an effective registration statement under the
Securities Act or under an exemption from said registration available under the
Securities Act. The Purchaser understands and agrees that if the Purchaser
should in the future decide to dispose of any Common Stock, it may do so only in
compliance with the Securities Act and applicable state securities Laws, as then
in effect. 

6 

The Purchaser agrees to the imprinting, so long as required by
Law, of a legend on all certificates representing shares of Common Stock. 

(b) Purchaser Status. The Purchaser is an “Accredited
Investor” (as defined in Rule 501(a)) under the Securities Act.

(c) Restricted Shares. The Purchaser understands (i)
that the shares of the Common Stock have not been, and the shares of Common
Stock will not be registered under the Securities Act or any state securities
Laws, by reason of their issuance by the Company in a transaction exempt from
the registration requirements thereof and (ii) the shares of the Common Stock
may not be sold unless such disposition is registered under the Securities Act
and applicable state securities Laws or is exempt from registration
thereunder.

(d) Investment Experience. The Purchaser acknowledges
that the purchase of the Common Stock is a highly speculative investment and
that it can bear the economic risk and complete loss of its investment and has
such knowledge and experience in financial and/or business matters that it is
capable of evaluating the merits and risks of the investment contemplated
hereby.

3.6 Receipt of Information. The Purchaser represents
that it has had an opportunity to ask questions and receive answers and
documents from the Company regarding the business, properties, prospects and
financial condition of the Company and concerning the terms and conditions of
the offering of the Common Stock. 

3.7 No Brokers or Finders. Except as contemplated by
this Agreement, no agent, broker, finder, or investment or commercial banker or
other Person (if any) engaged by or acting on behalf of the Purchaser or any of
its Affiliates is or will be entitled to any brokerage or finder’s or similar
fee or other commission as a result of this Agreement or the Contemplated
Transactions. 

3.8 Sufficient Funds. The Purchaser will have at the
Closing funds sufficient to perform its obligations under this Agreement and to
consummate the Contemplated Transactions. 

3.9 Litigation. There is no legal action, suit,
arbitration or other legal, administrative or other governmental investigation,
inquiry, proceeding or other Actions pending or, to the knowledge of the
Purchaser, threatened against or affecting the Purchaser or relating the
Contemplated Transactions which, if determined adversely to the Purchaser,
individually or in the aggregate, has had or would reasonably be expected to
have a material adverse effect on the Purchaser’s ability to consummate the
Contemplated Transactions. The Purchaser is not subject to any Decree that,
individually or in the aggregate, has had or would reasonably be expected to
have a material adverse effect on the Purchaser’s ability to consummate the
Contemplated Transactions. 

3.10 No General Solicitation. The Purchaser did not
learn of the investment in the Common Stock as a result of any public
advertising, and is not aware of any public advertisement or general
solicitation in respect of the Company or its securities.

3.11 Prohibited Transactions. Other than with respect to
the transactions contemplated herein, since the earlier to occur of: (a) the
time that the Purchaser was first contacted by the Company, or any other Person
regarding an investment in the Company and (b) the thirtieth (30th)
day prior to the date hereof, neither the Purchaser nor any Affiliate of
the Purchaser which (i) had knowledge of the transactions contemplated hereby,
(ii) has or shares discretion relating to the Purchaser’s investments or trading
or information concerning the Purchaser’s investments, or (iii) is subject to
the Purchaser’s review or input concerning such Affiliate’s investments or
trading decisions (collectively, “Trading Affiliates”) has, directly or
indirectly, nor has any Person acting on behalf of, or pursuant to, any
understanding with the Purchaser or Trading Affiliate effected or agreed to
effect any transactions in the securities of the Company or involving the
Company’s securities.

7 

3.12 Reliance on Exemptions. The Purchaser understands
that the Common Stock is being offered and sold to it in reliance upon specific
exemptions from the registration requirements of United States federal and state
securities Laws and that the Company is relying upon the truth and accuracy of,
and the Purchaser’s compliance with, the representations, warranties,
agreements, acknowledgments and understandings of the Purchaser set forth herein
in order to determine the availability of such exemptions and the eligibility of
the Purchaser to acquire the Common Stock.

3.13 Affiliates. The Purchaser is not, has not within
the thirty (30) days prior to the date of this Agreement been, and, at the
Closing Date will not be, Affiliated with, or an Affiliate of, any other
Purchaser. 

ARTICLE 4 
CONDITIONS PRECEDENT TO THE OBLIGATION
OF THE PURCHASER TO CLOSE 

4.1 Conditions to Closing. The obligation of the
Purchaser to enter into and complete the Closing are subject to the fulfillment
on or prior to the Closing Date of the following conditions, any one or more of
which may be waived by the Purchaser: 

(a) Secretary’s Certificate. The Purchaser shall have
received a certificate of the Secretary or an Assistant Secretary certifying
that attached thereto are true and complete copies of (i) the Articles of
Incorporation and the Company’s Amended and Restated Bylaws, and (ii) all
resolutions adopted by the Board of Directors of the Company authorizing the
execution, delivery and performance of this Agreement and the consummation of
the Contemplated Transactions, and that all such resolutions are in full force
and effect and are all the resolutions adopted in connection with the
transactions contemplated hereby and thereby, and certifying the names and
signatures of the officers of the Company authorized to sign this Agreement, and
the other documents to be delivered hereunder and thereunder.

(b) Good Standing. The Company shall have delivered to
Purchaser a good standing certificate (or its equivalent) for the Company from
the secretary of state of Nevada.

(c) No Actions. (i) No Action shall be pending or
overtly threatened by any Governmental Authority or any other party against the
Company or any of its directors or against that Purchaser, which Action is
reasonably likely to (A) restrain or prohibit the consummation of any of the
Contemplated Transactions, or (B) result in damages that alone or together with
the costs and expenses of defending such Action are material in relation
to the Company and its Subsidiaries, taken as a whole, and (ii) no Law, order,
decree, rule or injunction shall have been enacted, entered, promulgated or
enforced by any Governmental Authority that prohibits or makes illegal the
consummation of any of the Contemplated Transactions. 

8 

(d) No Material Adverse Effect. No event or development
shall have occurred (or failed to occur) and there shall be no circumstance (and
that Purchaser shall not have become aware of any previously existing
circumstance) that, individually or in the aggregate, has had or would
reasonably be expected to have a Material Adverse Effect. 

(e) Consents and Amendments. Any and all consents,
approvals, orders, licenses and other actions (i) necessary to be obtained from
Governmental Authorities in order to consummate the Contemplated Transactions
and for the Company to operate its business as currently conducted and as
currently contemplated to be conducted following the Closing shall have been
obtained and delivered to the Purchaser without any limitation, restriction or
requirement that would adversely affect the ability of that Purchaser to obtain
the benefits (financial or otherwise) from the Contemplated Transactions, and
any applicable waiting periods (and any extensions thereof) shall have been
terminated or shall have expired. 

(f) NASDAQ Listing. The shares of Common Stock issuable
have been approved for listing on NASDAQ, subject only to official notice of
issuance.

(g) Approvals and Permits. All of the Company’s
regulatory approvals and permits necessary for the conduct of the Company’s
business must be effective, except where the non-effectiveness such regulatory
approvals or permits would not have or reasonably be expected to result in a
Material Adverse Effect.

ARTICLE 5 
CONDITIONS PRECEDENT TO THE OBLIGATION
OF THE COMPANY TO CLOSE 

5.1 Conditions to Closing. The obligation of the Company
to enter into and complete the Closing are subject to the fulfillment on or
prior to the Closing Date of the following conditions, any one or more of which
may be waived by the Company: 

(a) Representations and Covenants. The representations
and warranties of the Purchaser contained in this Agreement shall be true and
correct in all material respects (other than those which are qualified as to
materiality, which shall be true and correct in all respects) on and as of the
Closing Date with the same force and effect as though made on and as of the
Closing Date (except that representations and warranties made as of a specific
date shall be true and correct in all material respects (except as aforesaid) on
such date); the Purchaser shall have in all material respects performed and
complied with all covenants and agreements required by this Agreement to be
performed or complied with by it on or prior to the Closing Date; and the
Purchaser shall have delivered to the Company a certificate, dated the date of
the Closing Date and signed by the applicable Purchaser, to the foregoing
effect. 

(b) No Actions. (i) No Action shall be pending or
overtly threatened by any Governmental Authority or any other party against the
Company or any of its directors or the Purchaser, which Action is reasonably
likely to (A) restrain or prohibit the consummation of any of the Contemplated Transactions, or (B) result in damages that alone
or together with the costs and expenses of defending such Action are material in
relation to the Company and its Subsidiaries, taken as a whole, and (ii) no Law,
order, decree, rule or injunction shall have been enacted, entered, promulgated
or enforced by any Governmental Authority that prohibits or makes illegal the
consummation of any of the Contemplated Transactions.

9 

(c) Consents and Amendments. Any and all consents,
approvals, orders, licenses and other actions necessary to be obtained (i) from
Governmental Authorities in order to consummate the Contemplated Transactions
and for the Company to operate its business as currently conducted and as
currently contemplated to be conducted following the Closing. 

ARTICLE 6 
INDEMNIFICATION 

6.1 Indemnification. The Company hereby agrees to
indemnify, defend and hold harmless the Purchaser, its Affiliates and its
directors, managers, officers, agents, advisors, representatives, employees,
successors and assigns (each, a “Purchaser Indemnitee”) from and against all
Claims, including without limitation, interest, penalties and attorneys’ fees
and expenses, asserted against, resulting to, or imposed upon or incurred by
such Purchaser Indemnitee by a third party and arising out of or resulting from
any allegation or Claim in respect of any wrongful action or inaction by the
Company in connection with the authorization, execution, delivery and
performance of this Agreement, except to the extent that the Purchaser
Indemnitee has committed a material breach of its representations, warranties or
obligations under this Agreement, which breach is the cause of the Company’s
wrongful action or inaction. 

6.2 Terms of Indemnification. The obligations and
liabilities of the Company with respect to Claims by third parties will be
subject to the following terms and conditions: (a) a Purchaser Indemnitee will
give the Company prompt notice of any Claims asserted against, resulting to,
imposed upon or incurred by such Purchaser Indemnitee, directly or indirectly,
and the Company will undertake the defense thereof by representatives of their
own choosing which are reasonably satisfactory to such Purchaser Indemnitee;
provided that the failure of any Purchaser Indemnitee to give notice as provided
in Section 8.3 shall not relieve the Company of its obligations under this
Article 9; (b) if within a reasonable time after notice of any Claim, the
Company fails to defend, such Purchaser Indemnitee will have the right to
undertake the defense, compromise or settlement of such Claims on behalf of and
for the account and at the risk of the Company, subject to the right of the
Company to assume the defense of such Claim at any time prior to settlement,
compromise or final determination thereof; (c) if there is a reasonable
probability that a Claim may materially and adversely affect a Purchaser
Indemnitee other than as a result of money damages or other money payments, such
Purchaser Indemnitee will have the right at its own expense to defend, or
co-defend, such Claim; (d) neither the Company nor the Purchaser Indemnitee
will, without the prior written consent of the other, settle or compromise any
Claim or consent to entry of any judgment relating to any such Claim; (e) with
respect to any Claims asserted against a Purchaser Indemnitee, such Purchaser
Indemnitee will have the right to employ one counsel of its choice in each
applicable jurisdiction (if more than one jurisdiction is involved) to represent
such Purchaser Indemnitee if, in such Purchaser Indemnitee’s reasonable judgment, a conflict of interest between such Purchaser
Indemnitee and the Company exists in respect of such Claims, and in that event
the fees and expenses of such separate counsel shall be paid by the Company; and
(f) the Company will provide each Purchaser Indemnitee reasonable access to all
records and documents of the Company relating to any Claim.

10 

ARTICLE 7 
TERMINATION 

7.1 Termination of Agreement. The Parties may terminate
this Agreement as provided below: 

(a) the Purchaser and the Company may terminate this Agreement
by mutual written consent at any time prior to the Closing; 

(b) the Purchaser may terminate this Agreement by giving
written notice to the Company at any time prior to the Closing (i) in the event
the Company has breached any material covenant contained in this Agreement in
any material respect (or breached in any respect, if such covenant is qualified
by materiality or material adverse effect), and the Purchaser has notified the
Company of the breach or (ii) if the Closing shall not have occurred on or
before August 31, 2016 by reason of the failure of any condition precedent under
Section 4.1 hereof (unless the failure results primarily from one or more
Purchaser breaching any representation, warranty, or covenant contained in this
Agreement); and 

(c) the Company may terminate this Agreement by giving written
notice to the Purchaser Representative at any time prior to the Closing (i) in
the event Purchaser has breached any material representation, warranty, or
covenant contained in this Agreement in any material respect (or breached in any
respect, if such representation, warranty or covenant is qualified by
materiality or material adverse effect), and the Company has notified the
Purchaser of the breach or (ii) if the Closing shall not have occurred on or
before August 31, 2016 by reason of the failure of any condition precedent under
Section 5.1 hereof (unless the failure results primarily from the Company itself
breaching any representation, warranty, or covenant contained in this
Agreement). 

7.2 Effect of Termination. Upon termination of this
Agreement pursuant to Section 7.1 above, all rights and obligations of the
Parties hereunder shall terminate without any liability of either Party to the
other Party (except for any liability of the Party then in breach).

ARTICLE 8 
MISCELLANEOUS 

8.1 Survival. All representations and warranties,
covenants and agreements of the Purchaser contained in this Agreement shall
remain operative and in full force and effect regardless of any investigation
made by or on behalf of the Company, any of its officers and directors or any
controlling Person thereof, and such representations and warranties shall
survive for a period of 24 months from the Closing Date. The covenants and
agreements contained herein shall survive in accordance with their terms. 

11 

8.2 Fees and Expenses. On the Closing Date, the Company
shall pay its own expenses incurred in connection with the negotiation,
execution, delivery, performance and consummation of this Agreement and the
Contemplated Transactions. 

8.3 Notices. All notices or other communications
required or permitted hereunder shall be in writing and shall be delivered
personally, telecopied or sent by certified, registered or express mail, postage
prepaid. Any such notice shall be deemed given if delivered personally or
telecopied, on the date of such delivery, or if sent by reputable overnight
courier, on the first Business Day following the date of such mailing, as
follows: 

	 	(a) 	
      if to the Company:

YOU On Demand Holdings, Inc. 
375 Greenwich Street, Suite
516 
New York, New York 10003
Attn: Mei Chen
Telecopy: (212)
206-9112 

with a copy to:

Cooley LLP
1114 Avenue of the Americas
New York, NY
10036-7798
Attention: William N. Haddad
Telecopy: (212) 479-6275

	 	(b) 	
      if to the Purchaser:

Harvest Alternative Investment Opportunities SPC 
190 Elgin
Avenue, George Town, Grand Cayman KY1-9005,
Cayman Islands; Contact
Person:
Attention: Ming Jiang 
jiangming@harvestcm.com 

Any party may by notice given in accordance with this Section
8.3 designate another address or Person for receipt of notices hereunder. 

12 

8.4 Successors and Assigns. This Agreement shall inure
to the benefit of and be binding upon the successors and permitted assigns of
the parties hereto. Other than the parties hereto and their successors and
permitted assigns, and except as set forth in Section 6.1, no Person is intended
to be a beneficiary of this Agreement. No party hereto may assign its rights
under this Agreement without the prior written consent of the other party
hereto; provided, however, that, without the prior written consent of the
Company, after the Closing the Purchaser may assign all or any portion of its
rights hereunder (along with the corresponding obligations) to any purchaser or
transferee of shares of the Common Stock. Any assignee of the Purchaser pursuant
to the proviso of the foregoing sentence shall be deemed to be a “Purchaser” for
all purposes of this Agreement. 

8.5 Amendment and Waiver.

(a) No failure or delay on the part of the Company or the
Purchaser in exercising any right, power or remedy hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any such right,
power or remedy preclude any other or further exercise thereof or the exercise
of any other right, power or remedy. The remedies provided for herein are
cumulative and are not exclusive of any remedies that may be available to the
Company or the Purchaser at Law, in equity or otherwise. 

(b) Any amendment, supplement or modification of or to any
provision of this Agreement and any waiver of any provision of this Agreement
shall be effective only if it is made or given in writing and signed by the
Company and the Purchaser. 

8.6 Counterparts. This Agreement may be executed in any
number of counterparts and by the parties hereto in separate counterparts, all
of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement.

8.7 Headings. The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof. 

8.8 Governing Law; Consent to Jurisdiction; Waiver of Jury
Trial. This Agreement shall be governed by and construed in accordance with
the Requirements of Law of the State of New York without giving effect to the
principles of conflict of Laws. Each of the parties hereto hereby irrevocably
and unconditionally consents to submit to the exclusive jurisdiction of the
courts of the State of New York and of the United States of America, in each
case located in the County of New York, for any Action arising out of or
relating to this Agreement and the Contemplated Transactions (and agrees not to
commence any Action relating thereto except in such courts), and further agrees
that service of any process, summons, notice or document by U.S. registered mail
to its respective address set forth in this Agreement, or such other address as
may be given by one or more parties to the other parties in accordance with the
notice provisions of Section 8.3, shall be effective service of process for any
action, suit or proceeding brought against it in any such court. Each of the
parties hereto hereby irrevocably and unconditionally waives any objection to
the laying of venue of any action, suit or proceeding arising out of this
Agreement or the transactions contemplated hereby in the courts of the State of
New York or the United States of America, in each case located in the County of
New York, and hereby further irrevocably and unconditionally waives and agrees
not to plead or claim in any such court that any such Action brought in any such court has been brought in an inconvenient
forum. Each of the parties irrevocably and unconditionally waives, to the
fullest extent permitted by applicable Requirements of Law, any and all rights
to trial by jury in connection with any action, suit or proceeding arising out
of or relating to this Agreement or the transactions contemplated hereby. 

13 

8.9 Severability. If any one or more of the provisions
contained herein, or the application thereof in any circumstance, is held
invalid, illegal or unenforceable in any respect for any reason, the validity,
legality and enforceability of any such provision in every other respect and of
the remaining provisions hereof shall not be in any way impaired, unless the
provisions held invalid, illegal or unenforceable shall substantially impair the
benefits of the remaining provisions hereof. 

8.10 Entire Agreement. This Agreement, together with the
schedules and exhibits hereto, or delivered pursuant hereto, are intended by the
parties as a final expression of their agreement and intended to be a complete
and exclusive statement of the agreement and understanding of the parties hereto
in respect of the subject matter contained herein and therein. There are no
restrictions, promises, warranties or undertakings, other than those set forth
or referred to herein or therein. This Agreement, together with the schedules
and exhibits hereto, or delivered pursuant hereto, supersede all prior
agreements and understandings between the parties with respect to such subject
matter. 

8.11 Further Assurances. Subject to the terms and
conditions of this Agreement, from time to time after the Closing, the Company
and the Purchaser agree to cooperate with one another, and at the request of the
Company or the Purchaser, as applicable, to execute and deliver any further
instruments or documents and take all such further action as the other party may
reasonably request in order to evidence or effectuate the consummation of the
Contemplated Transactions and to otherwise carry out the intent of the parties
hereunder. In furtherance and not in limitation of the foregoing, the Company
agrees to all actions necessary to give effect to the voting rights of the
Common Stock in accordance with the terms thereof.

8.12 Public Announcements. Except as required by any
Requirement of Law, none of the parties hereto will issue or make any reports,
statements or releases to the public with respect to this Agreement or the
Contemplated Transactions without consulting the Company or the Purchaser, as
applicable, AND without the approval of the Company and the Purchaser, as
applicable (such approval not to be unreasonably withheld or delayed). 

8.13 Subsidiaries. Whenever this Agreement provides that
a Subsidiary of the Company is obligated to take or refrain from taking any
action, the Company shall cause such Subsidiary to take or refrain from taking
such action.

8.14 Specific Performance. The parties acknowledge that
money damages are not an adequate remedy for violations of this Agreement and
that any party may, in its sole discretion, apply to a court of competent
jurisdiction for specific performance or injunctive or such other relief as such
court may deem just and proper in order to enforce this Agreement or prevent any
violation hereof and, to the extent permitted by applicable Law, each party
waives any objection to the imposition of such relief or any requirement for a
bond.

14 

8.15 Legends. Any legends placed on the Common Stock
issuable, if any, pursuant to the Contemplated Transactions shall be removed by
the Company upon delivery of an opinion of counsel reasonably acceptable to the
Company stating that such legend is no longer necessary. 

[Signature pages follow] 

15 

IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed and delivered by their respective officers hereunto
duly authorized as of the date first above written.

YOU ON DEMAND HOLDINGS, INC.

	By____/s/ Mingcheng Tao___________________ 
	 
	Name: Mingcheng Tao 
	 
	Title: CEO 

[Signature Page to Common Stock Purchase Agreement] 

PURCHASER: 

Harvest Alternative Investment Opportunities SPC 

	By:_____/s/ Ming Jiang_________________________
  
	 
	Name: Ming Jiang 
	 
	Title: Director 

[Signature Page to Common Stock Purchase Agreement]

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