Document:

Exhibit 10.11

 

Risk and Return Transfer Execution Guarantee Agreement

 

With Pan Hou Wei Ran — PHC Commodity Equity Interest Swap Fund No.1

 

Risk and Return Transfer Execution Guarantee Agreement of Pan Hou Wei Ran — PHC Commodity Equity Interest Swap Fund No.1 (the “Agreement”) is entered into on the day of October 22, 2015 by the following parties in Shanghai, China.

 

Party A1 (“Party A1”), having its legal address of [PARTY A1’S ADDRESS];

 

Party A2 (“Party A2”), having its legal address of [PARTY A2’S ADDRESS];

 

Party A3 (“Party A3”, collectively referred as “Party A” together with Party A1 and Party A2), having its legal address of [PARTY A3’S ADDRESS];

 

Shanghai Pan Hou Wei Ran Asset Management Company Limited, on behalf of Pan Hou Wei Ran — PHC Commodity Equity Interest Swap Fund No.1 under its management (hereinafter referred to as “Party B”), is a private fund company duly established under the law and registered in fund industry association, having its legal address of No.1112-5, Lane 528, New Jinlong Street, Zhujing Town, Jinshan District, Shanghai. Party B is the fund manager of Pan Hou Wei Ran —PHC Commodity Equity Interest Swap Fund No.1, having funds filing and issuing qualification.

 

The above parties are hereinafter collectively referred to as “the parties”.

 

Whereas,

 

Party A1, Party A2 and Party A3 have signed a Risk and Return Transfer Agreement of Pan Hou Wei Ran — PHC Commodity Equity Interest Swap Fund No.1 with Party B respectively (hereinafter referred to as “Risk and Return Transfer Agreement”).

 

NOW THEREFORE, the parties enter into the following agreement in respect of execution guarantee of the Risk and Return Transfer Agreement as well as other

 

 

matters through friendly negotiation:

 

1.              Definition

 

Unless the context of the agreement stipulates otherwise, the following words in this agreement shall have the meanings set out herein below:

 

	
“Transfer Trading”
    	
 
    	
the meaning as defined in Article 2.1 of the   Risk and Return Transfer Agreement.
    
	
 
    	
 
    	
 
    
	
“Starting Date of Transfer Trading”
    	
 
    	
means the date that Transfer Trading starts.
    
	
 
    	
 
    	
 
    
	
“Expiring Date of Transfer Trading”
    	
 
    	
means the date that Transfer Trading ends.
    
	
 
    	
 
    	
 
    
	
“Trading day (T Day)”
    	
 
    	
means the trading day of any party of Party A,   namely a set of trading days.
    
	
 
    	
 
    	
 
    
	
“Net gains/Net Losses”
    	
 
    	
in the case of trade day, means the net gains or net   losses generated by settlement of trading positions held by any party of   Party A1, Party A2 and Party A3, exclusive of its trading commissions,   bid-offer spreads and overnight fees.
    
	
 
    	
 
    	
 
    
	
“Minimum Deposit”
    	
 
    	
in the case of Trading Day, means the minimum   deposit amount that Party A1, Party A2 and Party A3 need to maintain   according to the trading rules of the relevant exchanges after the   closing of T-1 of the Trading Day.
    
	
 
    	
 
    	
 
    
	
“Net Asset Value of Cash Management Tool”
    	
 
    	
means the sum of net value of account cash and   investment product of cash management tool.
    
	
 
    	
 
    	
 
    
	
“Account”
    	
 
    	
the meaning as defined in Article 2.1 of the   Agreement.
    

 

 

	
“Fund Expense”
    	
 
    	
means management cost of Pan Hou Wei Ran — PHC   Commodity Equity Interest Swap Fund No.1 and other expenses borne by Pan Hou   Wei Ran — PHC Commodity Equity Interest Swap Fund No.1.
    

 

2.              Execution Guarantee Measures

 

2.1       Party B shall open an independent and segregated bank account to deposit fund assets and make receipt and payment of investment trading settlement payment (hereinafter referred to as “the Account”). Party B shall also deposit funds into the Account from time to time as required herein to support performance of Transfer Trading.

 

2.2       The parties to the agreement shall manage the Account jointly and Party B can only transfer fund assets in the Account with Party A’s approval. The details of mutual management of the Account include:

 

2.2.1                     Seals of the parties shall be held in custody separately by the opening bank. In case of account operation over-the-counter or through note (such as check), fund assets transfer can only be made with both parties’ seals.

 

2.2.2                     Online banking of the Account shall be authorized hierarchically. Party A is responsible for its approval while Party B performs the fund transfer. Fund assets transfer can only be made after the approval of Party A.

 

No party shall unilaterally modify the mutual management method or prevent the other party from exercising actual management rights in any way without mutual written agreement.

 

Where Party A requests Party B to transfer fund assets, Party B shall complete such transfer as fast as practicable.

 

 

2.3       Party B can make fund asset investment for improving returns other than the Transfer Trading and such investments shall be specified in the Agreement. However, investment can only be made to cash management tool with high safety and liquidity.

 

2.4       Party B shall ensure that net value of the fund share should be no less than RMB1.000 yuan per share and the total number of fund shares be no less than three million before 9:00 am of October 1, 2015.

 

2.5       Net Value of the fund share at the beginning of T Day

 

2.5.1                     Party A1, Party A2 and Party A3 shall submit trading settlement data of T-1 Day before 12:00am on T Day, respectively, since the Starting Date of Transfer Trading. The parties agree unanimously to count net value of the fund share of Party B at the beginning of T Day according to the following formulas respectively:

 

Net Value of the Fund Share at the beginning of T Day

 

= Net Value of the Fund Share at the beginning of T-1 Day

 

+Net Buying/Net Redemption Assets of the Fund of T-1 Day

 

+Short Covering Amount of Fund Shareholders of T-1 Day

 

-Actual Income Distribution of the Fund of T-1 Day

 

+Net Gain/Net Loss of Investment Product of Cash Management Tool of the Fund in T-1 Day

 

+Net Trading Profit/Loss of T-1 Day

 

-Fund expenses which shall be counted and drew in T-1 Day

 

-Any other payment to any third parties other than Party A1 made in

 

 

T-1 Day

 

2.5.2                     Net Value of the Fund Share = Net Value of the Fund Assets/Total Amount of the Fund Share

 

2.5.3                     Payment of net gains or net losses made by any party of Party A and Party B under Article 3.1 hereof shall not be accounted into or affected the calculation of fund asset at the beginning of T Day of Party B.

 

2.5.4                     Party A1, Party A2 and Party A3 shall submit trading settlement data of T-1 Day before 12:00pm on T Day respectively and Party B shall submit net value data of fund asset to Party A1, Party A2 and Party A3 before 17:00pm on T Day. Where Party A1, Party A2 and Party A3 submit trading settlement data of T-1 Day later than 12:00pm on T Day, Party B shall submit net value data of fund asset within 5 hours after the receipt of trading settlement data.

 

2.6       Where net value of the fund asset of Party B at the beginning of T Day decreases to or is less than 70% of the sum of Minimum Deposit of all parties of Party A, fund warning will be triggered. Fund manager shall inform fund shareholders of additional funding (subscription) by consensus to make net value of the fund asset no less than 100% (inclusive) of the sum of Minimum Deposit of all parties of Party A.

 

2.7       Investors in funds can purchase and redeem the fund on open day as agreed by the agreement. Fund manager can, at its discretion, temporarily increase the numbers of open days based on operational need of the fund and changes in market environment.

 

2.8       Where net value of the fund asset of Party B on T Day is greater than 120% of the sum of Minimum Deposit of all parties of Party A, the portion in excess of the sum can be applied to distribution of fund returns by Party B after written

 

 

notice to all parties of Party A.

 

3.              Liability of Default

 

3.1       Default of Party B

 

3.1.1                     Where Party B fails to raise additional funds timely on T Day pursuant to Article 2.6 of this agreement, Party B shall pay delay damages to Party A. The damages amount shall be 0.03% of the spread between expected additional funds and actual additional funds of Party B for each day. The damages shall be counted and drew on a daily basis and paid by fund asset on payment day after settlement. Each party of Party A can share the damages according to the proportion of their minimum deposit on T day and Party B shall pay the damages to each party of Party A from the fund account respectively. Unless early the Agreement is terminated otherwise agreed by the agreement, the agreement is still valid during the delay period and Party B shall not draw any fund asset from the fund account.

 

3.1.2                     Where failure of Party B to make Transfer Trading payment to Party A timely due to its own reason, Party B shall pay late payment fees to the Party A at a rate of 0.03% of the amounts due. If the payment is delayed for more than 7 days, Party A is entitled to terminate the Risk and Return Transfer Agreement and Party B shall continue to perform payment obligations accumulated before and till the termination of the agreement.

 

3.1.3                     Where net value of the fund asset at the beginning of any Trade Day of Party B decreases to or is lower than 10% of the sum of minimum deposit of all parties of Parties A, each of the parties to the agreement is entitled to terminate the Risk and Return Transfer Agreement, and in such event, Party B shall promptly liquidate the Pan Hou Wei Ran —

 

 

PHC Commodity Equity Interest Swap Fund No.1 and pay all the payments owed to Party A.

 

3.1.4                     Upon the occurring or the knowing of events or circumstances that may cause Party B to fail to perform the Risk and Return Transfer Agreement or the Risk and Return Transfer Execution Guarantee Agreement, Party B shall promptly notify Party A. Party A, if necessary, is entitled to terminate the Risk and Return Transfer Agreement with Party B and request Party B to make Transfer Trading payment before Payment Day.

 

3.1.5                     Where Party B conducts unauthorized operation about the Account not provided for in the agreement or without prior written consent of Party A, any party of Party A is entitled to terminate the Risk and Return Transfer Agreement and request Party B to make Transfer Trading payment before Payment Day. Party B shall pay Party A all the actual damages incurred by Party A resulting from such unauthorized operation.

 

3.2       Default of Party A

 

3.2.1                     Where any party of Party A fails to submit trading settlement data for each day timely to Party B due to its own reason, the party shall submit the data within 2 days after the receipt of Party B’s notice. Where failure of the party to submit the data timely after the receipt of Party B’s notice, Party B is entitled to terminate the Risk and Return Transfer Agreement with such party and request Party A to make Transfer Trading payment before Payment Day.

 

3.2.2                     Where failure of any party of Party A to make Transfer Trading payment to Party A timely due to its own reason (included the payment made according to Article 3.2.1), such party shall pay late payment

 

 

fees to Party B at a rate of 0.03% of the amounts due. If the payment is delayed for more than 7 days, Party B is entitled to terminate the Risk and Return Transfer Agreement and the Risk and Return Transfer Execution Guarantee Agreement and Party A shall continue to perform payment obligations accumulated before and till the termination of the agreement.

 

3.3       The parties hereto agree and acknowledge that if trading settlement data cannot be accessed due to any reasons except for the parties, resulting in the failure of Transfer Trading payment, the parties shall not settle during this period until the trading settlement data can be accessed.

 

4.              Termination of the Agreement

 

4.1       Except for the special cases stipulated by the law such as force majeure, the agreement can only be terminated under the following conditions:

 

4.1.1                     Expiration date of Transfer Trading is due;

 

4.1.2                     The parties to the agreement agree to terminate jointly by written approval;

 

4.1.3                     Termination of the Risk and Return Transfer Agreement;

 

4.1.4                     Where any party of Party A terminates the Agreement according to the conventions, terms and conditions under the Risk and Return Transfer Agreement with Party B, its Risk and Return Transfer Agreement with Party B is terminated at the same time; Where any party of Party A terminates the Agreement and its Risk and Return Transfer Agreement with Party B, the rights and obligations of other parties of Party A under their Risk and Return Transfer Agreement and the Agreement will be terminated automatically.

 

 

5.              Force majeure

 

5.1       Force majeure means any circumstances occurred after the execution date which is uncontrollable and unforeseeable or which is foreseeable but unavoidable as a result of which any party is unable to perform all or part of the agreement. Force majeure includes but not limited to strikes, labor troubles or disturbances, explosions, fires, floods, earthquake, hurricane and/or other natural disasters, war, civil commotions, intentionally destruction, expropriation, confiscation, sovereign act of government, legal change, cooperation discontinuation between the two parties due to lack of approval in respect of certain matters by government or mandatory provisions and requirements by government, and other significant events or emergency events.

 

5.2       In the event of any such circumstances arising, the party affected shall give prompt notice to the other party in the most convenient way without any delay and submit detailed writing report to the other party within fifteen (15) days after the event. The party affected by force majeure shall take all reasonable steps to overcome the effects of force majeure and reduce the loss caused by force majeure. The parties to the agreement shall, in accordance with the effects of the events on the performance of the agreement, decide whether to terminate or delay the performance of the agreement or whether to exempt all or part of the obligations of the party affected.

 

6.              Applicable Laws and Disputes Resolution

 

6.1       The execution, validity, interpretation, performance and disputes resolution shall be governed by and interpreted in accordance with the law of the People’s Republic of China.

 

6.2       Any disputes arising from this agreement shall be first settled through the friendly consultation; in case of no settlement amicably as aforesaid, shall be

 

 

handled over to Shanghai Arbitration Committee and finally resolved by arbitration in accordance with its existing valid arbitration rules in Shanghai. The arbitration award shall be final and binding upon all the parties.

 

7.              Others

 

7.1       Confidentiality

 

Trade secret and business information of one party acquired by the other party in the process of agreement performance shall be kept in strict confidence, which shall not be disclosed in any way or disclosed to third parties or applied for improper use without prior written authorization of the owning party. The provision shall not apply to the information which can be disclosed stipulated by laws and regulations, required by government, judiciary or domestic or foreign stock exchange.

 

7.2       Severability

 

In case all or part of any provisions contained herein shall be held to be illegal, invalid or unenforceable, such provisions or part of the provisions shall not be construed as part of this agreement and legality, validity or enforceability of any other provisions of this agreement shall not be affected.

 

7.3       Amendment

 

Any amendment to the agreement shall be made a written instrument signed by the parties. Written amendment to the agreement as aforesaid shall thereafter form an integral part of this agreement.

 

7.4       Assignment

 

The Agreement is binding on both parties and their successors and is executed for the benefit of them; however, any and all rights or obligations under this Agreement may not be assigned in whole or in part by any party without the

 

 

prior written consent of the other party hereto.

 

7.5       Notice

 

Any notice or other communication provided for in this Agreement by either party to the other shall be made in written form and delivered by hand or by approved express delivery or sent by facsimile to the appropriate addresses of the parties set forth below. The date of receipt of a notice shall be confirmed in accordance with the following provisions:

 

(a)         In the case of the notice delivered by hand, the date of receipt of a notice shall be the date delivered by hand;

 

(b)         In the case of the notice delivered by approved express delivery, the date of receipt of a notice shall be the date on the return receipt; and

 

(c)          In the case of the notice sent by facsimile the date of receipt of a notice shall be next working day after the successful delivery and receipt of the facsimile.

 

Notice to Party A1:

 

Address: [Party A1’s Address]

 

Receiver: [Party A1’s Contact Person]

 

Fax: [Party A1’s Fax]

 

Notice to Party A2:

 

Address: [Party A2’s Address]

 

Receiver: [Party A2’s Contact Person]

 

Fax: [Party A2’s Fax]

 

 

Notice to Party A3

 

Address: [Party A3’s Address]

 

Receiver: [Party A’s Contact Person]

 

Fax: [Party A3’s Fax]

 

7.6       Original Text

 

This Agreement shall be executed in four counterparts, and each party will hold one counterpart. All of the counterparts shall have the equal legal effect.

 

(There is no text below. This is the signature page of Risk and Return Transfer Execution Guarantee Agreement of Pan Hou Wei Ran — PHC Commodity Equity Interest Swap Fund No.1.)

 

IN WITNESS WHEREOF, each of parties hereto has caused this agreement to be executed by duly authorized representative on October 22, 2015 in Shanghai China.

 

 

[Party A1’s Name]

 

[Party A1’s Signature]

 

 

[Party A2’s Name]

 

[Party A2’s Signature]

 

 

[Party A3’s Name]

 

 

[Party A3’s Signature]

 

Party B

 

Shanghai Pan Hou Wei Ran Asset Management Company Limited, on behalf of Pan Hou Wei Ran — PHC Commodity Equity Interest Swap Fund No.1 under its management (Seal)

 

Signature (legal representative):Exhibit 10.5

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement (the “Agreement”), dated as of Column A (the “Effective Date”), is entered between Yintech Investment Holdings Limited, a company incorporated in the Cayman Islands (the “Company”) and Column B (the “Executive”).

 

WHEREAS, the Company and the Executive wish to enter into an employment agreement whereby the Executive will be employed by the Company in accordance with the terms and conditions stated below;

 

NOW, THEREFORE, the parties hereby agree as follows:

 

ARTICLE 1
 EMPLOYMENT, DUTIES AND RESPONSIBILITIES

 

Section 1.01.  Employment.  The Executive shall serve as the Column C of the Company.  The Executive hereby accepts such employment and agrees to devote substantially all of the Executive’s time and efforts to promoting the interests of the Company.

 

Section 1.02.  Duties and Responsibilities.  Subject to the supervision of and direction by the Board of Directors of the Company, the Executive shall perform such duties as are similar in nature to those duties and services customarily associated with the positions set forth above.

 

Section 1.03.  Base of Operation.  The Executive’s principal base of operation for the performance of his duties and responsibilities under this Agreement shall be the offices of the Company in Beijing, the People’s Republic of China (“PRC”), and at such other places as shall from time to time be reasonably necessary to fulfill the Executive’s obligations hereunder.

 

ARTICLE 2
 TERM

 

Section 2.01.  Term.  (a)  The term of this Agreement (the “Term”) shall commence on the Effective Date and shall continue for a period of two years from the Effective Date.  The Term and this Agreement will be renewed automatically thereafter for successive one-year terms unless a one-month notice of non-renewal is given by one party to the other.

 

(b)                                 The Executive represents and warrants to the Company that neither the execution and delivery of this Agreement nor the performance of the Executive’s duties hereunder violates or will violate the provisions of any other agreement to which the Executive is a party or by which the Executive is bound.

 

ARTICLE 3
 COMPENSATION AND EXPENSES

 

Section 3.01.  Salary And Benefits.  The Executive’s salary and benefits shall be determined by the Company and shall be specified in a separate agreement between the Executive and the Company’s designated subsidiary or affiliated entity. Unless otherwise provided in such separate agreement, the Executive’s salary and benefits are subject to annual review and adjustment by the Company.

 

 

Section 3.02  Expenses.  The Company will reimburse the Executive for reasonable documented business-related expenses incurred by the Executive in connection with the performance of the Executive’s duties hereunder during the Term, subject, however, to the Company’s policies relating to business-related expenses as in effect from time to time during the Term.

 

Section 3.03.  Stock Incentive Plan. The Executive shall be entitled to participate during the Term in the Amended and Restated 2013 Pre-IPO Option Scheme, Amended and Restated 2014 Pre-IPO Option Scheme and Amended and Restated Pre-IPO RSU Scheme of the Company, and any successors thereto, subject to the terms and provisions of such plans and the execution of the award agreements between the Company and the Executive.

 

Section 3.04  Payer of Compensation. All compensation, salary, benefits and remuneration in this Agreement may be paid by the Company or any of its subsidiaries or affiliated entities, as decided by the Company in its sole discretion.

 

ARTICLE 4
 EXCLUSIVITY, ETC.

 

Section 4.01.  Exclusivity.  The Executive agrees to perform his duties, responsibilities and obligations hereunder efficiently and to the best of his ability. The Executive agrees to devote substantially all of his working time, care and attention and best efforts to such duties, responsibilities and obligations throughout the Term. The Executive agrees that all of his activities as an employee of the Company shall be in conformity with all present and future policies, rules and regulations and directions of the Company not inconsistent with this Agreement.

 

Section 4.02. Intellectual Property. The Executive agrees that Intellectual Property under this Agreement is the sole and exclusive property of the Company and further agrees to assign to the Company the ownership of all right, title and interest in Intellectual Property, including any Intellectual Property conceived, created, and otherwise obtained by the Executive (i) during the term of this Agreement relating to the work he performs within the scope of such Executive’s employment with the Company, (ii) within twelve months after the Executive retires or ends employment with the Company under the circumstances that such Intellectual Property relates to such Executive’s employment scope with the Company, and (iii) by using the resources of the Company during the term of this Agreement. During the Executive’s employment with the Company and within twelve months after his employment with the Company terminates, the Executive has the obligation to inform the Company of any Intellectual Property within ten days of its creation and the Executive has the obligation to assist the Company in its patent, copyright or trademark application related to the Intellectual Property.

 

“Intellectual Property” under this Section 4.02 means any and all intellectual property in any form or stage of development, including but not limited to any idea, concept, design, invention, method, process, system, model, software, know-how and any other subject matter, material or information that qualifies and/or is considered by the Company to qualify for patent, copyright, trademark, trade secret, or any other protection under the laws of PRC or Cayman Islands providing or creating intellectual property rights.

 

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Section 4.03. Non-Competition and Confidentiality.

 

(a) Non-compete. During the Executive’s employment with the Company and for twelve months after his employment with the Company terminates for any reason, the Executive will not (i) directly or indirectly engage in (whether as an officer, principal, agent, director, employee, partner, affiliate, consultant or other participant), or hold an equity interest of 5% or more in, any business or activity that is in competition with the Company, its subsidiaries or affiliated entities (the “Group”), (ii) solicit, encourage or assist other employees of the Company to seek employment with any business or organization in competition with the Group, or (iii) engage in other activities that may cause conflicts with the interests of the Company during the term of the employment agreement.

 

(b) Confidentiality. Throughout the course of the Executive’s employment with the Company and thereafter, the Executive shall keep in strict confidence all non-public information relating to the business, financial condition and other aspects of the Company, including but not limited to trade secrets, business methods, products, processes, procedures, development or experimental projects, plans, service providers, customers and users, intellectual property, information technology and any other information which is material to the Company’s business operations, and except as authorized by the Company in writing, may not disclose or provide to any person, firm, corporation or entity such non-public information, and may not use such non-public information for any purpose other than to fulfill his responsibilities as the Column C in the best interest of the Company. The Executive shall also comply with the Company’s corporate policies and any other agreements on confidentiality that the Executive may enter into with the Company or any of its subsidiaries or affiliated entities. This provision and such other confidentiality policies and agreements are hereinafter collectively referred to as the “Confidentiality Terms.”

 

ARTICLE 5
 TERMINATION AND INDEMNIFICATION

 

Section 5.01.  Termination by Company.  The Company shall have the right to terminate the Executive’s employment at any time with or without “Cause” by giving a one-month advance notice in writing pursuant to the terms hereof. For purposes of this Agreement, “Cause” shall mean:  (i) the Executive’s willful and continued failure to substantially perform his duties hereunder (other than as a result of total or partial incapacity due to physical or mental illness), (ii) dishonesty in the performance of the Executive’s duties hereunder, (iii) an act or acts on the Executive’s part constituting a felony under the laws of the PRC or of the United States or any state thereof, (iv) any other act or omission which is materially injurious to the financial condition or business reputation of the Company or any of its subsidiaries or affiliates, or (v) the Executive’s breach of the non-compete and confidentiality clause hereof. For purposes of this Subsection, no act or failure to act, on the part of the Executive shall be deemed “willful” unless done, or omitted to be done, by the Executive not in good faith and without reasonable belief that the act or omission of the Executive was in the best interest of the Company.

 

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Section 5.02.  Termination by The Executive.  The Executive shall have the right to terminate this Agreement at any time by giving a one-month advance notice in writing pursuant to the terms hereof.

 

Section 5.03.  Death.  In the event the Executive passes away during the Term, this Agreement shall automatically terminate, such termination to be effective on the date of the Executive’s death.

 

Section 5.04.  Disability.  In the event that the Executive shall suffer a disability which shall have prevented him or her from performing satisfactorily his obligations hereunder for a period of at least 120 consecutive days, the Company shall have the right to terminate this Agreement, such termination to be effective upon the giving of notice thereof to the Executive in accordance with Section 6.02 hereof.

 

Section 5.05.  Effect of Termination.  (a)  In the event of termination of the Executive’s employment, whether before or after the Term, by either party for any reason, or by reason of the Executive’s death or disability, the Company shall pay to the Executive (or his beneficiary in the event of his death) any base salary or other compensation earned but not paid to the Executive prior to the effective date of such termination. All other benefits due the Executive following his termination of employment shall be determined in accordance with the plans, policies and practices of the Company.

 

(b)                                 In the event of termination of the Executive’s employment by the Company other than for Cause, the Company shall pay to the Executive any additional amount as provided by applicable law.

 

ARTICLE 6
 MISCELLANEOUS

 

Section 6.01.  Benefit Assignment; Assignment; Beneficiary.  This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns, including, without limitation, any corporation or person which may acquire all or substantially all of the Company’s assets or business, or with or into which the Company may be consolidated or merged. This Agreement shall also inure to the benefit of, and be enforceable by, the Executive and his personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive should die while any amount would still be payable to him or her hereunder if the Executive had continued to live, all such amounts shall be paid in accordance with the terms of this Agreement to the Executive’s beneficiary, devisee, legatee or other designee, or if there is no such designee, to the Executive’s estate.

 

Section 6.02.  Notices.  Any notice required or permitted hereunder shall be in writing and shall be sufficiently given if personally delivered or if sent by registered or certified mail, national overnight courier, or email. In the case of the Company, to the office or email account of the Human Resource Department; and in the case of the Executive, to the address or email account appearing on the employment records of the Company, from time to time. Any notice given hereunder shall be deemed to have been given at the time of receipt thereof by the person to whom such notice is given.

 

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Section 6.03.  Entire Agreement; Amendment.  This Agreement contains the entire agreement of the parties hereto with respect to the terms and conditions of the Executive’s employment during the Term and supersedes any and all prior agreements and understandings, whether written or oral, between the parties hereto with respect to compensation due for services rendered hereunder. This Agreement may not be changed or modified except by an instrument in writing signed by both of the parties hereto.

 

Section 6.04.  Waiver.  The waiver by either party of a breach of any provision of this Agreement shall not operate or be construed as a continuing waiver or as a consent to or waiver of any subsequent breach hereof.

 

Section 6.05.  Headings.  The article and section headings herein are for convenience of reference only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof.

 

Section 6.06.  Governing Law.  This Agreement shall be governed by, and construed and interpreted in accordance with, the internal laws of the state of New York, United States, without reference to the principles of conflict of laws.

 

Section 6.07.  Agreement To Take Actions.  Each party hereto shall execute and deliver such documents, certificates, agreements and other instruments, and shall take such other actions, as may be reasonably necessary or desirable in order to perform his, her or its obligations under this Agreement or to effectuate the purposes hereof.

 

Section 6.08.  Arbitration.  Any dispute between the parties hereto respecting the meaning and intent of this Agreement or any of its terms and provisions shall be submitted to arbitration in Hong Kong, in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules then in effect, and the arbitration determination resulting from any such submission shall be final and binding upon the parties hereto.  The arbitrator shall have no authority to award reasonable attorney’s fees to any party in any dispute subject to this Section 6.08.  Judgment upon any arbitration award may be entered in any court of competent jurisdiction.

 

Section 6.09.  Survivorship.  The respective rights and obligations of the parties hereunder shall survive any termination of this Agreement to the extent necessary to the intended preservation of such rights and obligations.

 

Section 6.10.  Severability.  The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision or provisions of this Agreement, which shall remain in full force and effect.

 

Section 6.11.  Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument.

 

Section 6.12.  Corporate Authorization.  The Company hereby represents that the execution, delivery and performance by the Company of this Agreement are within the corporate powers of the Company, and that the Chairman of its Board of Directors has the requisite authority to bind the Company hereby.

 

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Section 6.13.  Withholding.  All payments to the Executive hereunder shall be subject to withholding to the extent required by applicable law.

 

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IN WITNESS WHEREOF, each of the parties hereto has duly executed this Agreement as of the date first above written.

 

	
 
    	
YINTECH INVESTMENT HOLDINGS   LIMITED
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Wenbin Chen 
    
	
 
    	
 
    	
Name: Wenbin Chen 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Title: Chairman of the Board and
    
	
 
    	
 
    	
 Chief Executive   Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
EXECUTIVE
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
/s/ Column B
    
	
 
    	
Name: Column B
    
	
 
    	
 
    
	
 
    	
Title: Column C
    

 

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Schedule A to the Employment Agreement

 

	
 
    	
 
    	
Column A
    	
 
    	
Column B
    	
 
    	
Column C
    
	
1
    	
 
    	
December 10, 2015
    	
 
    	
Wenbin Chen
    	
 
    	
Chief Executive Officer
    
	
2
    	
 
    	
December 10, 2015
    	
 
    	
Gang Xu
    	
 
    	
Vice President
    
	
3
    	
 
    	
December 10, 2015
    	
 
    	
Dikuo Bo
    	
 
    	
Vice President
    
	
4
    	
 
    	
December 10, 2015
    	
 
    	
Jigeng Chen
    	
 
    	
Vice President
    
	
5
    	
 
    	
December 10, 2015
    	
 
    	
Qi Feng
    	
 
    	
Vice President
    
	
6
    	
 
    	
December 10, 2015
    	
 
    	
Sheng Zhao
    	
 
    	
Vice President
    
	
7
    	
 
    	
December 10, 2015
    	
 
    	
Jingbo Wang
    	
 
    	
Chief Financial Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}]]