Document:

Exhibit
4.154

 

Agreement
of Termination 

 

Regarding
the Strategic Consulting Service Agreement, Technical Support

 

Agreement and Operation Agreement

 

By

 

and

 

Between

 

Beijing CFO Glory Technology Co., Ltd.

 

and

 

Zhongheng
Xintai (Beijing) Asset Management Co., Ltd.

 

 

 

 

July
25, 2017

 

     

     

    

 

Agreement
of Termination

 

This
Agreement of Termination (hereinafter referred to as the “Agreement”) is made and entered into in Beijing, PRC (hereinafter
“China”) as of July 25, 2017 by and between the following parties:

 

Party
A: Beijing CFO Glory Technology Co., Ltd.

Registered
address: A1708, 28 Xuanwumenwai Street, Xicheng District, Beijing

 

Party
B: Zhongheng Xintai (Beijing) Asset Management Co., Ltd.

Registered
address: Unit 298, 2/F, Building I, No. 316 of Huaifang West Road, Fengtai District, Beijing

 

WHEREAS,
the aforesaid parties signed the Strategic Consulting Service Agreement, Technical Support Agreement and Operation Agreement on
September 9, 2016, in which the parties agree on relevant issues regarding the strategic consulting service, operation support
and technical support and cooperation.

 

WHEREAS,
each of the parties hereto intends to terminate the foregoing Strategic Consulting Service Agreement, Technical Support Agreement
and Operation Agreement (hereinafter referred to as the “Original Agreements”).

 

Now
Therefore, through friendly negotiation, the Parties hereby agree as follows:

 

		1	Termination
                                         and Exemptions

 

		1.1	The
                                         Parties agree to terminate the Original Agreements as of the execution date of this Agreement.
                                         The Parties agree to waive any and all causes of action currently made or threaten to
                                         be made resulted from or in connection with the Original Agreements, regardless of the
                                         nature and cause of such causes of action, or whether related to any lawsuit, liability,
                                         guarantee, breach of contract or commitment, obligation, claims, demand, losses and costs,
                                         or whether known at present or not, contingent or fixed, occurred in the past or present
                                         (collectively as "Claims").

 

		1.2	The
                                         parties hereby expressly agree to take any risks arising from unreal facts, unknown facts
                                         or differences between true facts and the information of acknowledge or relied upon.
                                         The parties hereto intends to ultimately and permanently resolve all the disputes that
                                         exists or may occur in future, resulting from or relating to the Original Agreements,
                                         in spite of whether the understanding of each of the parties regarding the facts, laws
                                         or other circumstances thereof is true. Exemption of each party hereto shall completely,
                                         thoroughly, unconditionally and immediately supersede all the rights, Claims, demands
                                         and causes of action that exists or may exist on the execution date hereof. Each Party
                                         warrants and undertakes that it has carried out independent investigation on the facts,
                                         laws or other circumstances relevant to the discussed, referred to or exempted matters
                                         hereunder that are necessary and required at its independent judgment and discretion.
                                         At the time of execution of this agreement, no Party relies on any statement, commitment
                                         or warrant made by the other parties or persons yet not explicitly provided herein regarding
                                         existence or none existence of any facts, laws or other circumstances.

 

    	 	1	 

     

    

 

Neither
Party shall be responsible for the other parties regarding any legal or contractual obligations under the Original Agreements.

 

		1.3	Neither
                                         Party shall take any legal action against the other parties with respect to any matters
                                         arising from or relevant to the Original Agreements.

 

		2	No
                                         Transfer

 

		2.1	Party
                                         hereby warrants and undertakes that all Claims have been totally and ultimately waived
                                         and none of the Claims’ interests was or will be transferred to make against the
                                         other parties. It is agreed that in case any existing transfer aforesaid whether made
                                         on the transferring party’s free will or not is alleged by any third party or claimed
                                         for any interests thereof by any third party, the transferring party shall keep the other
                                         parties free from any related liabilities and indemnify the other parties for any losses
                                         or costs (incl. attorney fees) incurred therefrom.

 

		2.2	Where
                                         any Party or any person on behalf of such Party or any person who alleged obtaining any
                                         interests in any Claims upon assignment initiates, participates or otherwise seeks relief
                                         through a lawsuit against the other parties based on any waived Claims hereunder, or
                                         arises a Claim waived hereunder against the other parties in any other ways, such party
                                         agree to directly pay for any attorney fees incurred for defending such Claims by the
                                         other parties.

 

		3	Miscellaneous

 

		3.1	The
                                         Agreement is governed and construed by the laws of the People’s Republic of China.

 

		3.2	The
                                         Agreement constitutes the entire agreement of the parties hereto in regard to the subject
                                         matters hereunder and supersedes all the prior concluded agreements, covenants and letters.

 

		3.3	This
                                         Agreement may be executed in several counterparts, each as an original and all counterparts
                                         together constitute a complete agreement.

 

	4	This Agreement is signed by the authorized representative
of each Party and takes effect as of the execution date. This Agreement is made in duplicate with same effects each of which should
be held by one party hereto.

 

[Signature
page to follow without text body]

 

    	 	2	 

     

    

 

IN
WITNESS WHEREOF, each Party hereto has caused this Agreement to be executed by its authorized signatory as of the day and
year first written above.

 

Party
A: Beijing CFO Glory Technology Co., Ltd.

 

Common
seal:

 

Authorized
representative (signature):

 

Party
B: Zhongheng Xintai (Beijing) Asset Management Co., Ltd.

 

Common
seal:

 

Authorized
representative (signature):

 

 

3Exhibit
4.155

 

Appendix
VII: New Pledge Contract (Signed by Party B and Party D)

 

Equity Pledge
Contract

 

This
Equity Pledge Contract (hereinafter referred to as the “Contract”) is concluded and signed on November 23, 2016 in
Beijing China by and between:

 

Pledgor:
Ying Zhu

 

Address:
17/F, Building A, Fuzhuo Tower, 28 Xuanwumenwai Street, Xicheng District, Beijing

 

ID
card No.: 420103198502153728

 

Pledgee:
Zhengyong Information Technology (Shanghai) Co., Ltd.

 

Registered
address: Suite 301-A, Building 8, 690 Bibo Road, Shanghai

 

Whereas:

 

1. The
Pledgor is citizen of the People’s Republic of China (hereinafter referred to as “China”) and own 30% Equities
in Shenzhen Newrand Securities Advisory and Investment Co., Ltd. (hereinafter referred to as the “Newrand”). Newrand
is a company registered and established in Shenzhen;

 

2. The
Pledgee is a wholly foreign-owned company registered and established in Shanghai China and engages in internet technical consulting,
technical services and other businesses with the permission of related government departments of China. The Pledgee and Newrand
whose Equities are held by the Pledgor have signed a series of agreements (hereinafter referred to as “Service Agreements”);

 

3. In
order to warrant the normal collection of all fees (hereinafter collectively referred to as “Service Fees”) under the
Service Agreements by Pledgee from Newrand whose Equities are held by the Pledgor, the Pledgor puts up all Equities owned thereby
in Newrand as the pledge guarantee for all debts owed by Newrand to the Pledgee under the Service Agreements.

 

    	 	1	 

     

    

 

In
order to perform the provisions of the Service Agreements, the Pledgor and the Pledgee agree through consultation to sign this
Contract according to the following provisions.

 

1.
Definitions

 

Unless
otherwise provided for in this Contract, the following terms shall have the meaning as set forth below:

 

1.1
Right of Pledge: means all contents set forth in Article 2 hereof.

 

1.2
Equities: mean the equities of Newrand lawfully held by the Pledgor.

 

1.3
Collateral: means the equities pledged by the Pledgor to the Pledgee pursuant to this Contract and the dividends generated by such
Equities.

 

1.4
Guaranteed Debt: means Newrand liquidated damages, expenses on the realization of creditor’s rights, losses caused to the
Pledgee due to default by Newrand, and all other payable expenses under the Service Agreements.

 

1.5
Term of Pledge: means the period specified in Article 4.1 hereof.

 

1.6
Service Agreements: means various agreements signed by and between Newrand whose Equities are held by the Pledgor and the Pledgee,
including but not limited to the strategic consulting agreement and technical support service agreement.

 

1.7
Event of Default: means any circumstance set forth in Article 8 hereof.

 

1.8
Notice of Default: means the notice given by the Pledgee pursuant hereto, announcing the Event of Default.

 

2.
Right of Pledge

 

2.1
The Pledgor pledge all Equities owned thereby in Newrand to the Pledgee as the guarantee for the performance of the Guaranteed
Debt by Newrand. The Right of Pledge means the right enjoyed by the Pledgee to get paid in priority with the money converted from
the Equities pledged by the Pledgor to the Pledgee or with the payment obtained from the auction or sale of such Equities; the
effect of the Right of Pledge extends to the dividends generated by the Equities during the term hereof.

 

3.
Scope of the pledge guarantee

 

3.1
The scope of the pledge guarantee herein included all Guaranteed Debts, including the Service Fee and interest, liquidated damages,
and compensation payable by Newrand to the Pledgee by reason of the Service Agreements, expenses on the realization of creditor’s
rights, losses caused to the Pledgee due to the default by Newrand, and all other payable expenses.

 

    	 	2	 

     

    

 

4.
Term and registration of pledge

 

4.1
The Pledge Contract shall take effect as of the date the pledge of the Collateral is recorded in the register of shareholders of
Newrand, and the Term of Pledge shall be the same as the term of the Strategic Consulting Service Agreements (if the term
of the Strategic Consulting Service Agreements is extended, the Term of Pledge shall be correspondingly extended). The Pledgor
shall be obligated to cause, within three days upon the date of this Contract, Newrand to record the pledge of the Collateral hereunder
in the register of shareholders of Newrand.

 

4.2
In case of any change in the recorded particulars which is required, by laws, to be recorded accordingly, the Pledgor and the Pledgee
shall make corresponding change of record within 15 days from the date of the change in recorded particulars.

 

5.
Possession and Management of Certificates

 

The
Pledgor shall, within seven days from the date of this Contract, deliver its equity contribution certificate and register of shareholders
in Newrand to the Pledgee for safekeeping.

 

6.
Representations and Warranties of the Pledgor

 

6.1
The Pledgor is lawfully registered shareholders of Newrand and has paid in full to Newrand the contribution in proportion to its
share in the registered capital of Newrand pursuant to the requirements of laws of China; the Pledgor has not sold or offered to
sell its Equities in Newrand to any other parties.

 

6.2
The Pledgor fully understands the contents of the Service Agreements, executes and performs this Contract of his/her own free will,
and genuinely expresses all his/her intentions. The signature by the authorized representative (if any) has been lawfully authorized.

 

6.3
All documents, materials, statements, certificates, etc. provided by the Pledgor to the Pledgee are accurate, true, complete and
effective.

 

6.4
Once the Pledgee exercises the Pledgee’s right at any time on the basis of the Right of Pledge obtained pursuant hereto,
it shall be free of the interference from any other parties.

 

6.5
The Pledgee shall have the right to dispose of and transfer the Right of Pledge in such manners as stipulated herein.

 

6.6
The Pledgor has not established any other mortgage, right of interest, security interest or encumbrances of other forms on the
Equities, save and except the pledge to the Pledgee.

 

    	 	3	 

     

    

 

7.
Undertakings of the Pledgor

 

During
the term of this Contract, the Pledgor undertakes to the Pledgee for the benefit of the Pledgee that:

 

7.1.1
Without the prior written consent of the Pledgee, the Pledgor may not transfer the Equities, nor establish or permit the existence
of any pledge that may affect the rights and interests of the Pledgee, nor cause the board of shareholders of Newrand to adopt
any resolution on the sale/transfer/pledge or otherwise disposal of the lawful beneficial interest of any equity of such company
or on permission of any other security interest thereon, save and except the transfer pursuant to the Right of First Refusal
and Cooperation Agreement signed by and among the Pledgor, the Pledgee and Newrand on November 23, 2016 of Equities
to the Pledgee or institution or person designated thereby or the transfer between the Pledgors, provided that such transfer does
not affect the effect of the pledge (the transferor shall give a prior notice to the Pledgee);

 

7.1.2
He/she shall abide by and implement all provisions of laws and regulations concerning pledge of rights and, within five days after
receiving the notice, instruction or suggestion given or made by related competent authority with respect to the Right of Pledge,
produce the aforesaid notice, instruction or suggestion to the Pledgee, and shall also abide by the aforesaid notice, instruction
or suggestion, or raise any objection or make any representations as reasonably required by the Pledgee or upon the consent of
the Pledgee.

 

7.1.3
He/she will notify the Pledgee in a timely manner of any event or notice that may cause influence on the right of the Pledgor to
the Collateral or any part thereof, and on change by the Pledgor of any warranty and obligation set herein, or any event or notice
that may bring about influences.

 

7.2
The Pledgor agrees that the exercise by the Pledgee of its Right of Pledge pursuant to the provisions hereof shall not be interrupted
or prevented by the Pledgor or by any legal proceedings instituted the successor of the Pledgor or person entrusted thereby or
by any other persons.

 

7.3
The Pledgor warrants to the Pledgee that, in order to protect or perfect the guarantee herein for the payment of Guaranteed Debts,
the Pledgor honestly executes and causes the other parties that have a stake in the Right of Pledge to execute all title deeds
and covenants required by the Pledgee, and/or performs and causes the other interested parties to perform the acts required by
the Pledgee, provides convenience in the exercises of the rights and authorizations vested by this Contract in the Pledgee, signs
all related documents on change of share certificate with the Pledgee or the person (natural person/juridical person) designated
thereby, and provides to the Pledgee within a reasonable period all notices, orders and decisions related to the Right of Pledge
as deemed necessary by the Pledgee. The Pledgor warrants to the Pledgee that, for the benefit of the Pledgee, he/she will abide
by and perform all warranties, undertakings, agreement, representations and conditions. Should the Pledgor fails to perform or
to full perform its warranties, undertakings, agreements, representations and conditions, he/she shall compensate for all losses
sustained by the Pledgee.

 

    	 	4	 

     

    

 

8.
Event of Default

 

8.1
The following shall be deemed as events of default:

 

8.1.1
Newrand fails to pay any Guaranteed Debt on schedule in full;

 

8.1.2
Any representation or warranty made by the Pledgor in Article 6 hereof is materially misleading or false, and/or the Pledgor breach
the warranties set forth in Article 6 hereof;

 

8.1.3
The Pledgor breaches the undertakings set forth in Article 7 hereof;

 

8.1.4
The Pledgor breaches any provision hereof;

 

8.1.5
The Pledgor gives up the Collateral or any part thereof or transfers, without he written consent of the Pledgee, the Collateral
or any part thereof (save and except the transfer permitted hereunder);

 

8.1.6
Any loan, guarantee, compensation, undertaking or other debt-repaying liabilities of the Pledgor to others (1) have been required
to be repaid or performed ahead of schedule due to default; or (2) have become due but cannot be repaid or performed on schedule,
which causes the Pledgee to believe that the ability of the Pledgor to perform the obligations hereunder has been adversely affected;

 

8.1.7
The Pledgor is unable to repay other significant debts;

 

8.1.8
The promulgation of related laws makes this Contract illegal or the Pledgor unable to continue the performance of the obligations
hereunder;

 

8.1.9
All consents, permits, approvals, or authorizations of government departments that make this Contract enforceable or legal or effective
are cancelled or discontinued, or lose effect, or undergo material alteration;

 

8.1.10
The Pledgor is deemed by the Pledgee that that the ability of the Pledgor to perform the obligations hereunder has been adversely
affected due to any adverse change in the properties owned by the Pledgor;

 

8.1.11
The successor or managing agent of Newrand is only able to perform part of, or refuses to perform, the payment liability under
the Service Agreements;

 

8.1.12
The default caused by the act or omission of the Pledgor in contravention of the other provisions hereof; and

 

8.1.13
Other circumstances under which the Pledgee is unable to exercise and dispose of the Right of Pledge according to the provisions
of related laws.

 

    	 	5	 

     

    

 

8.2
When knowing or discovering the occurrence of any matter mentioned in Article 8.1 hereof or any event that may give rise to the
above-said matters, the Pledgor shall immediately notify the Pledgee in writing.

 

8.3
Unless the events of default set forth in Article 8.1 have been successfully resolved to the satisfaction of the Pledgee, the Pledgee
may, when or at any time after the Event of Default of Pledgor occurs, give a Notice of Default to the Pledgee in writing, requiring
the Pledgor to immediately pay the arrears under all Service Agreements and other payables, or dispose of the Right of Pledge pursuant
to the provisions hereof.

 

9.
Exercise of Right of Pledge

 

9.1
The Pledgor may not, without the written consent of the Pledgee, transfer or dispose of otherwise the Collateral until the Guaranteed
Debts under the Service Agreements have been fully repaid.

 

9.2
When exercising the Right of Pledge, the Pledgee shall send a Notice of Default to the Pledgor.

 

9.3
Subject to the provisions of paragraph 8.3, the Pledgee may exercise the right to dispose of the Collateral when or at any time
after sending a Notice of Default pursuant to Article 8.3.

 

9.4
The Pledgee shall have the right to dispose of the Collateral hereunder (including but not limited to conversion such Collateral
into money through consultation with the Pledgor or auction or sale of the Collateral under law), in whole or in part, according
to legal procedures and get repaid in priority until the Guaranteed Debts are fully repaid.

 

9.5
When the Pledgee disposes of the Collateral pursuant hereto, the Pledgor may not pose any obstacle but shall give necessary assistance
so as to cause the Pledgee to realize its Right of Pledge.

 

10.
Transfer

 

10.1
Without the prior consent of the Pledgee, the Pledgor shall have no right to grant or transfer his/her rights and obligations hereunder.

 

10.2
This Contract shall be binding on the Pledgor and the successors thereof and shall be effective on the Pledgee and each of its
successor and transferee thereof.

 

    	 	6	 

     

    

 

10.3
The Pledgee may transfer all or any of its rights and obligations under the Service Agreements at any time to the person (natural
person/juridical person) designated thereby, in which case the transferee shall enjoy rights and assume obligations enjoyed and
assumed by the Pledgee hereunder, as if such person were a party hereto.

 

10.4
In case of any change of the Pledgee due to such transfer, the new Parties to the pledge shall sign and conclude a new pledge contract.

 

11.
Termination

 

Upon
Newrand ceases to bear any obligation under the Service Agreements and the full repayment of the Guaranteed Debts, this Pledge
Contract terminates and the Pledgee shall, as soon as practicable and reasonable, cancel or rescind this Contract.

 

12.
Handling charge and other expenses

 

12.1.
All expenses and actual expenditures in connection with this Contract, including but not limited to legal cost, cost of production,
stamp tax, and any other taxes and expenses shall be borne by the Pledgor. If the Pledgee shall pay related taxes and charges according
to the provisions of laws, the Pledgor shall give full compensation for the taxes and charges paid by the Pledgee.

 

12.2
Should the Pledgor fail to pay any taxes and charges payable thereby pursuant to the provisions hereof, which causes the Pledgee
to take any approach or method to make recovery, the Pledgor shall bear all expenses arising therefrom (including but not limited
to various taxes and charges, handling charge, management fee, court cost, attorney’s fee and various insurance premiums,
etc. incurred in the disposal of the Right of Pledge).

 

13.
Force Majeure

 

13.1
If the performance of this Contract is delayed or prevented due to any “force majeure event”, the Party affected by
the force majeure does not need to assume any liability hereunder for such delayed or prevented performance. “Force majeure
event” means any event beyond the reasonable control of a Party that is unavoidable even if with the reasonable care of the
affected Party, including but not limited to government act, natural force, fire, explosion, geographic change, wind storm, flood,
earthquake, tide, lightning or war, provided that insufficiency of credit, fund or financing may not be deemed as a matter beyond
the reasonable control of a Party. The Party affected by “force majeure event” and striving to be exempted from the
performance responsibility hereunder or under any provision hereof shall notify the other Party at the earliest time possible of
such exemption from responsibility and shall inform the other Party of the steps to be taken thereby for the performance.

 

    	 	7	 

     

    

 

13.2
The Party affected by force majeure does not need to assume any liability hereunder therefor, provided that the affected Party
shall make its reasonable and feasible efforts to perform the Contract; otherwise, the Party seeking exemption from liability shall
not be entitled to such exemption, and such exemption shall be limited to the delayed or prevented performance. Once the reasons
for such exemption of liabilities are corrected and remedied, the Parties agree to make their best efforts to resume the performance
hereunder.

 

14.
Dispute Resolution

 

14.1
This Contract shall be governed by and interpreted according to the laws of the People’s Republic of China.

 

14.2
If any dispute arises between the Parties hereto with respect to the interpretation and performance of the provisions hereunder,
the Parties shall resolve such dispute with good will through consultation. Should the consultation fail, any Party may submit
the dispute to China International Economic and Trade Arbitration Commission to be arbitrated according to its existing arbitration
rules. The arbitration proceedings shall be conducted in Beijing in Chinese language. The arbitration award shall be final and
binding on the Parties hereto.

 

15.
Notice

 

The
notices given by the Parties hereto for the performance of the rights and obligations hereunder shall be made in writing. The date
on which the notices are effectively given shall be, in the case of personal delivery, the date of actual delivery or, in the case
of transmission by telex or fax, on the date of transmission or, if the transmission is made on a non-business day or after business
hours, on the following consecutive business day. The place for service means the addresses of the Parties written on the first
page hereof or the addresses stated in the notice given subsequently at any time in writing. The phrase “in writing”
includes by fax and telex.

 

16.
Amendment to and Rescission and Interpretation of Contract

 

16.1
This Agreement may be amended, supplemented or rescinded upon the written consents of the Parties and subject to the necessary
authorizations and approvals obtained by the Parties respectively (including the consents that the Pledgee must obtain from the
board of directors of China Finance Online Co., Ltd. and from the audit committee or other independent agencies that is under the
requirements of SOX Act and NASDAQ rules); the annexes, appendixes and any amendment and supplementation hereto shall constitute
an integral part hereof.

 

16.2
The provisions hereof shall be independent of each other in effect and the invalidity of a certain provision does not influence
the effect of the other provisions.

 

17.
Effectiveness and Miscellaneous

 

17.1
This Contract shall take effect upon:

 

(1)
being signed by all Parties; and

 

(2)
the pledge of Collateral hereunder is recorded by the Pledgor in the register of shareholders of Newrand.

 

17.2
This Contract is prepared in Chinese and made in duplicate, with each Party holding one copy.

 

IN
WITNESS WHEREOF, the Parties hereto have caused their respective signatories to sign this Contract in Beijing on the date first
written above herein.

 

[The
remainder of this page is intentionally left blank]

 

    	 	9	 

     

    

 

[This
page is intentionally left blank for signature]

 

Pledgor:
Ying Zhu (signature)

 

Pledgee:
Zhengyong Information Technology (Shanghai) Co., Ltd.

 

(seal)

 

Authorized
representative: ___________ (signature)

 

 

 

10

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