Document:

Exhibit 4.110

Exhibit 4.110

[Translated from the original Chinese version]

FRAMWORK AGREEMENT ON EXERCISING PURCHASE OPTION

among

SHAOLIN SHI

LIN YANG

and

JUANJUAN WANG

MINHUA WANG

and

SHANGHAI SHANGTONG CO., LIMITED

FORTUNE SOFTWARE (BEIJING) CO., LTD.

JANUARY, 2010

BEIJING, CHINA

 

 

 

The framework agreement is entered into as of the date of January 5, 2010 in Beijing, People’s
Republic of China (the “PRC”) by and among the following parties:

Party A: Lin Yang

Address: 9/F., Tower C, Corporate Square, No.35 Financial Street, Xicheng District, Beijing

ID No.: 371100197603010016

Party B: Shaoming Shi

Address: 9/F., Tower C, Corporate Square, No.35 Financial Street, Xicheng District, Beijing

ID No.: 371323198204096115

Party C: Juanjuan Wang

Address: Room 107, Unit 2, No. 407 Datong Road, Bao Town, Chongming County (Shanghai Bao Town
Industrial Zone)

ID No.: 342523198201283122

Party D: Shanghai Shangtong Co., Limited

Address: Room 107, Unit 2, No. 407 Datong Road, Bao Town, Chongming County (Shanghai Bao Town
Industrial Zone)

Party E: Fortune Software (Beijing) Co., Ltd.

Address: Room 626, Beijing Aerospace CPMIEC Building, No.30 Haidian South Road, Beijing

Party F: Minhua Wang

Address: 9/F., Tower C, Corporate Square, No.35 Financial Street, Xicheng District, Beijing

ID No.: 110108197204049310

Whereas:

	1.	 	Party A and Party B are current shareholders of Party D which have made registrations at the
Administration of Industry and Commerce authorities, and each holding 55% and 45% shares in
Party D respectively;

	2.	 	Party E is a limited liability company duly organized and validly existing under the laws of
the People’s Republic of China, and provide technical support, strategic consultation and
other relevant services to Party D;

	3.	 	To finance the investment by Party A and Party B in Party D, Party E has entered into Loan
Agreements (“Loan Agreement”) with Party A and Party B respectively in 2008, providing Party A
and Party B with loans of RMB 550,000 and RMB 450,000, respectively. Pursuant to the Loan
Agreement, Party A and Party B has invested the full amount of the loans in Party D’s
registered capital;

	4.	 	As the consideration for the loans provided by Party E to Party A and Party B, Party A and
Party B entered into a Purchase Option and Cooperation Agreement (“Purchase Option Agreement”)
with Party D and Party E in 2008, granting Party E the exclusive option to purchase all or
part of shares/assets in Party D holding by both parties or either party of Party A and Party
B at any time, in accordance with China laws;

	5.	 	For making securities of the payment obligations of Party D under numerous agreements
executed between Party D and Party E, Party A and Party B entered into a Share Pledge
Agreement (“Pledge Agreement”) with Party E in 2008, pledging their respective shares in Party
D to Party E;

 

 

 

	6.	 	Party E is intended to exercise the purchase option to purchase entire shares in Party D
holding by Party A and Party B in accordance with the Purchase Option Agreement, and
designates Party C and Party F as the subject to exercise the aforesaid purchase option.

Therefore, in accordance with the principle of sincere cooperation, mutual benefit and joint
development, through friendly negotiation, the Parties hereby enter into the following agreements:

1. Exercise of the Purchase Option

	 	1.1.	 	Party E hereby authorizes Party C and Party F in accordance with the purchase option
granted to Party C and Party F under Article 2.1 of the Purchase Option Agreement, and
Party C and Party F agrees to accept the aforesaid authorization, on behalf of Party E, to
purchase entire shares in Party D holding by Party A and Party B in accordance with the
conditions stipulated in the Purchase Option Agreement.

	 	1.2.	 	In accordance with Article 3 under the Purchase Option Agreement, the purchase price
of entire shares in Party D holding by Party A and Party B, purchased by Party C and Party
F in accordance with Party E’s authorization, shall be the sum of the loan principal lent
by Party E to Party A and Party B, which is equivalent to RMB 1,000,000. (“Purchase
Price”).

2. Share Transfer

	 	2.1.	 	Party A and Party B shall enter into a Share Transfer Agreement (“Share Transfer
Agreement”) with Party C and Party F, in accordance with the content and form of Appendix
II hereto, within thirty (30) days after receiving exercise notice from Party E (“Appendix
I”), in accordance with Article 2.3 of the Purchase Option Agreement, and other documents
required to make change registrations at industrial and commerce authorities.

3. Loan Arrangements

	 	3.1.	 	The purchase price of entire shares in Party D holding by Party A and Party B,
purchased by Party C and Party F shall be contributed in full amount by Party E. However,
Party C and Party F shall enter into a loan agreement with Party E to the satisfaction of
Party E, in accordance with the content and form of Appendix III hereto.

	 	3.2.	 	Party C and Party F agree and irrevocably instruct Party E to pay the aforesaid loan
provided to Party C and Party F, which used to purchase Party A and Party B’s shares,
directly to Party A and Party B, in accordance with the conditions and terms stated in the
frame agreement.

	 	3.3.	 	Party A and Party B agree to contribute their entire income obtained from selling the
 shares in Party D in accordance with the agreement, to perform its repayment obligations
to Party E under the Loan Agreement. The Loan Agreement among Party A, Party B and Party E
will be terminated when Party A and Party B pay off all the loans in accordance with
Article 4.2 hereof.

	 	3.4.	 	Party C and Party F agree to enter into new loan agreements with Party E. The new
loan agreements will substitute the Loan Agreement entered into by and among Party A,
Party B and Party E.

4. Payment and Obligation Set-off

	 	4.1.	 	In accordance with article 3.2 hereof, the parties agree the purchase price shall be
paid by Party E to Party A and Party B directly, at the day of share change registration
procedures at industrial and commerce authorities are completed, concerning entire shares
in Party D holding by Party A and Party B, purchased by Party C and Party F (“Registration
Day”). Whereas Party A and Party B shall pay off all the loans when Party E exercises the
purchase option, in accordance with article 3.1 of Loan Agreement, Party E agree the
aforesaid payment made by Party E to Party A and Party B will then be set off by the loan
principal which shall be paid by Party E to Party A and Party B under the Loan Agreement.
As the aforesaid set-off is completed, Party C and Party F are not required to make any
other payments to Party A and Party B for the purpose of paying for the purchase price, and
Party A and Party B are not required to make any other payments to Party E for the purpose
of repaying the loan.

 

 

 

	 	4.2.	 	Notwithstanding the foregoing agreement, when the set-off is completed, Party A and
Party B shall issue receipts to Party C and Party F for all purchase price it received
(“Party A and Party B’s Receipt”, as Appendix IV hereto), and shall expressly acknowledge
Party C and Party F’s payment obligation under the Share Transfer Agreement has been
carried out. Party E shall issue immediately a receipt to Party A and Party B for entire
loan principal it received (“Party E’s receipt”, as Appendix V hereto) after Party A and
Party B have issued the aforesaid Party A and Party B’s receipt, shall expressly
acknowledge Party A and Party B’s payment obligation under the Loan Agreement has been
carried out.

5. Change of Purchase Option Agreement

	 	5.1.	 	The parties agree that, as one prerequisite to Party E’s contribution of purchase
price to Party C and Party F, Party C and Party F shall enter into a new purchase option
and cooperation agreement with Party D and Party E, in accordance with the content and
form stipulated in Appendix VI hereto, at the date of the execution of the Share Transfer
Agreement.

	 	5.2.	 	Except as otherwise stated or agreed by the parties, all obligations of Party A and
Party B under the original Purchase Option Agreement and Proxy on the voting rights issued
to Party E will be terminated at the registration day.

6. Change of Pledge Agreement

	 	6.1.	 	The parties agree that, as one prerequisite to Party E’s contribution of purchase
price to Party C and Party F, Party C and Party F shall enter into a new pledge agreement
with Party E, in accordance with the content and form stipulated in Appendix VII hereto,
at the date of the execution of the Share Transfer Agreement.

	 	6.2.	 	The parties agree that, the Pledge Agreement entered into by Party A, Party B and
Party E will be terminated upon the date of this Agreement.

	 	6.3.	 	The original Pledge Agreement will be terminated at the Registration Day. Except as
otherwise stated or agreed by the parties, all obligations of Party A and Party B under
the original Pledge Agreement will be terminated at the Registration Day.

7. Confidentiality

Without prior approval of the parties, any party shall keep confidential the content of the
agreement, and shall not disclose to any other person the content of the agreement or make any
public disclosure of the content hereof. However, the article does not make any restrictions on (i)
any disclosure made in accordance with relevant laws or regulations of any stock exchange market;
(ii) any disclosed information which may be obtained through public channels, and is not caused so
by the defaulting of the disclosing party; (iii) any disclosure to shareholders, legal consultants,
accountants, financial consultants and other professional consultants of any parties; or (iv)
disclosure made to one party’s potential buyer of shares/assets, other investors, debt or share
financing providers, and the receiving party shall make proper confidentiality undertakings (in the
event that the transfer party is not Party E, the approval from Party E shall be obtained as well).

8. Notification

	 	8.1.	 	Any notice, request, requirement and other correspondences required by the Agreement
or made in accordance with the Agreement, shall be made in written form and sent to the
addresses of the parties first above written herein.

	 	8.2.	 	Notices hereunder shall be sent to the other party’s address and/or number, by ways
of personal delivery, prepaid registered airmail, acknowledged carrier or fax. Such
notices shall be deemed to have been effectively given on the following dates: (1) notices
delivered by person shall be deemed to have been effectively served on the date of
personal delivery; (2) notices sent by prepaid registered airmail shall be deemed to have
been effectively served on the seventh day after the day they were delivered for mailing
(as indicated by the postmark); (3) notices sent by courier service shall be deemed to
have been effectively served on the third day after they were delivered to an acknowledged
courier; (4) notices sent by facsimile shall be deemed to have been effectively served on the first working day after being
transmitted.

 

 

 

9. Dispute Resolution

	 	9.1.	 	Any dispute arises from the interpretation or performance of terms hereof by the
parties, shall be settled through friendly consultation. If the parties fail to make a
written agreement after consultation, the dispute shall be submitted for arbitration in
accordance with the agreement. The arbitration shall be final and exclusive. Unless
otherwise expressly stipulated herein, any party waives expressly its right to submit a
dispute to court for a legal action, and the waiver is irrevocable.

	 	9.2.	 	The arbitration shall be submitted to China International Economic and Trade
Arbitration Committee (“Arbitration Committee”) to be arbitrated in accordance with
then-in-force arbitration rules. The place of arbitration shall be Beijing. Unless
otherwise stipulated in the arbitration award, the arbitration fee (including reasonable
attorney fees and expenses) shall be borne by the losing party.

10. Supplementary Provisions

	 	10.1.	 	The failure or delay of any party hereof to exercise any right hereunder shall not
be deemed as a waiver thereof, nor any single or partial exercise of any right preclude
further exercise thereof in future by the party.

	 	10.2.	 	The headings of articles herein are provided for the purpose of index. Such headings
shall in no event be used or affected interpretations of the terms herein.

	 	10.3.	 	The conclusion, effectiveness, interpretation of the agreement and the settlement of
disputes in connection therewith, shall be governed by laws of Hong Kong Special
Administration Region of the People’s Republic of China.

	 	10.4.	 	Each party hereunder concludes the agreement with legal purpose. Each term hereof is
severable and independent from the others. If at any time one or more of such terms is or
becomes invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining terms hereof shall not in any way be affected thereby; and the parties shall
make every endeavor to negotiate and arrive at new terms to substitute the invalid,
illegal and unenforceable terms, and preserve as near as possible business purposes of the
original terms.

	 	10.5.	 	Upon the effectiveness of the agreement, the parties shall fully perform the
agreement. Any modifications of the agreement shall only be effective in written form,
through consultations of the parties, and obtained necessary authorization and approval by
Party D and Party E respectively.

	 	10.6.	 	Matters not covered in the agreement shall be dealt with in a supplementary
agreement, and annexed hereto. The supplementary agreement shall have the same legal force
as the agreement.

	 	10.7.	 	The agreement is executed in six original copies, which are equally authentic. Each
party hereto shall hold one copy.

	 	10.8.	 	The agreement shall be effective upon execution.

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

 

 

 

[Signature page, no body text]

The Frame Agreement is executed by the following parties:

Party A: Lin Yang

(signature): /s/

Party B: Shaoming Shi

(signature): /s/

Party C: Juanjuan Wang

(signature): /s/

Party D: Shanghai Shangtong Co., Limited

Seal: /s/

Authorized Representative (signature):

Party E: Fortune Software (Beijing) Co., Ltd.

Seal: /s/

Authorized Representative (signature):

Party F: Minhua Wang

(signature): /s/

 

 

 

Appendix I Option Exercise Notice

Option Exercise Notice

To: Lin Yang/Shaoming Shi

Address: 9/F., Tower C, Corporate Square, No.35 Financial Street, Xicheng District, Beijing

Date: January 5, 2010

Dear Lin Yang

As per the Purchase Option and Cooperation Agreement entered into in 2008 among us and others, we
hereby designate Ms. Juanjuan Wang (ID Number: 342523198201283122) to acquire 55% of the equity
interests of Shanghai Shangtong Co., Limited owned by you. Please carry out all necessary
procedures to complete the transfer of shares within [30] days of this Notice.

Dear Shaoming Shi

As per the Purchase Option and Cooperation Agreement entered into in 2008 among us and others, we
hereby designate Mr. Minhua Wang (ID Number: 110108197204049310) to acquire 45% of the equity
interests of Shanghai Shangtong Co., Limited owned by you. Please carry out all necessary
procedures to complete the transfer of shares within [30] days of this Notice.

	 	 	 
	Yours truly,
	 	 
	 
	 	 
	 

Fortune Software (Beijing) Co., Ltd.

(Seal)

	 	 

 

 

 

Appendix II Share Transfer Agreement

Share Transfer Agreement

This Share Transfer Agreement is entered into by the following Parties on January 5, 2010:

Transferor: Lin Yang

Address: 9/F., Tower C, Corporate Square, No.35 Financial Street, Xicheng District, Beijing

ID No.: 371100197603010016

Transferee: Juanjuan Wang

Address: Room 107, Unit 2, No. 407 Datong Road, Bao Town, Chongming County (Shanghai Bao Town

Industrial Zone)

ID No.: 342523198201283122

WHEREAS:

1. Shanghai Shangtong Co., Limited (the “Company”) is a limited liability company duly organized
and validly existing under the laws of China, and its registered capital is RMB 1,000,000.

2. The Transferor and Shaoming Shi are shareholders of the Company, the Transferor holds 55% of
equity interests of the Company, Shaoming Shi holds 45% of equity interests of the Company, and
contributed their full investment in accordance with laws.

3. The Transferor intends to sell to the Transferee, and the Transferee intends to purchase from
the Transferor, all equity interests of the Company owned by the Transferor, representing 55% of
the total share capital of the Company.

THEREFORE, after friendly consultations conducted in accordance with the principles of equality,
the Transferor and the Transferee hereby agree as follows:

Article 1 Subject Matter of Transfer

1.1 Subject to the terms and conditions of this Agreement, the Transferor agrees to transfer and
the Transferee agrees to acquire the equity interests representing the Transferor’s equity
interests of the registered capital (RMB 550,000, accounting for 55% of the total registered
capital of the Company) that is contributed to the Company in full and all rights and benefits
attached to such equity interests.

Article 2 Consideration and Payment

2.1 Consideration: the Transferee shall make payment of RMB 550,000 (“Consideration”) to the
Transferor’s designated account as consideration for the Transferor’s transfer of the Shareholders’
Equity Interests to the Transferee in accordance with this Agreement.

2.2 The date of payment: the Transferee shall make payment of the Consideration to the Transferor
within 30 days as of the effective date of this Agreement.

Article 3 Closing

3.1 For the purpose of this Agreement, the closing date in this Agreement means the completion date
of changing the registration of equity interests of the Company (“Closing Date”). From the Closing
Date, rights and obligation hereunder enjoyed and performed by the Transferor within the scope of
the transferred equity interests shall be enjoyed and borne by the Transferee.

3.2 The Parties shall take all necessary action to assist the Transferee and the Company in
handling all necessary procedures for the transfer of equity interests until the Closing Date.

3.3 All procedure fees and taxes incurred from the transfer of equity interests shall be borne by
the Parties separately in accordance with laws.

 

 

 

Article 4 Representations and Warranties

4.1 The Transferor hereby makes unconditional and irrevocable representations and warranties as
follows:

4.1.1 The Transferor is legal and actual owner of the shareholders’ equity interests which are free
from lien, pledge, claim, or the securities or third party’s rights, and are not subject to any
binding of priority right (including without limitation the right of first refusal and right of
first purchase). The transferee will not be claimed by any third party after acquiring such
shareholders’ equity interests.

4.1.2 The Company is duly incorporated and validly existing in accordance with laws of the People’s
Republic of China. The transfer of equity interests hereunder will not contravene any provision of
the articles of association of the Company.

4.1.3 The execution of this Agreement and closing of the transaction hereunder shall not lead to
the Transferor’ s breach, cancellation or termination of any agreement it has executed, or breach
any agreement, undertaking or other formal documents.

4.1.4 The representations and warranties made by the Transferor herein and statement relevant to
the transfer as of the date of this Agreement are true, accurate, complete, and without any
concealment or misleading content.

4.2 The Transferee hereby makes unconditional and irrevocable representations and warranties as
follows:

4.2.1 The execution of this Agreement and closing of the transaction hereunder shall not lead to
the Transferor’s breach, cancellation or termination of any agreement it has executed, or breach
any agreement, undertaking or other formal documents.

4.2.2 The representations and warranties made by the Transferee herein and statement relevant to
the transfer as of the date of this Agreement are true, accurate, complete, and without any
concealment or misleading content.

Article 5 Notices

Any notice, request, demand and other communications required or otherwise made under this
Agreement shall be in writing. Notices hereunder shall be sent to the other party’s address and/or
number, by ways of personal delivery, prepaid registered airmail, acknowledged carrier or fax. Such
notices shall be deemed to have been effectively given on the following dates: (1) notices
delivered by person shall be deemed to have been effectively served on the date of personal
delivery; (2) notices sent by prepaid registered airmail shall be deemed to have been effectively
served on the seventh day after the day they were delivered for mailing (as indicated by the
postmark); (3) notices sent by courier service shall be deemed to have been effectively served on
the third day after they were delivered to an acknowledged courier; (4) notices sent by facsimile
shall be deemed to have been effectively served on the first working day after being transmitted.

 

 

 

Article 6 Liability for Breach

6.1 After the execution of this Agreement, in the event that any party breaches or fails to
perform obligation hereunder shall take default liabilities and all economic losses of the other
party incurred therefrom.

Article 7 Governing Law

7.1 The conclusion, effectiveness, interpretation, performance of the agreement and the
settlement of disputes in connection therewith, shall be governed by laws of the People’s Republic
of China.

7.2 In the event that some articles of this Agreement are deemed as invalid or unenforceable,
and such articles will not affect validity of the other articles, the other articles shall remain
valid; meanwhile, the Parties shall adjust the invalid or unenforceable articles in accordance with
the current laws and regulations to valid articles and to comply with principles and spirits of
this Agreement as much as possible.

Article 8 Effectiveness and Dispute Resolution

8.1 This Agreement shall become effective as of the execution date.

8.2 Any dispute arises from the interpretation or performance of terms hereof by the parties,
shall be settled through friendly consultation. If the parties fail to make a written agreement
after consultation, the dispute shall be submitted for arbitration in accordance with the
agreement. The arbitration shall be final and exclusive. Unless otherwise expressly stipulated
herein, any party waives expressly its right to submit a dispute to court for a legal action, and
the waiver is irrevocable.

8.3 The arbitration shall be submitted to China International Economic and Trade Arbitration
Committee (“Arbitration Committee”) to be arbitrated in accordance with then-in-force arbitration
rules. The place of arbitration shall be Beijing. Unless otherwise stipulated in the arbitration
award, the arbitration fee (including reasonable attorney fees and expenses) shall be borne by the
losing party.

Article 9 Miscellaneous

9.1 The failure or delay of any party hereof to exercise any right hereunder shall not be deemed
as a waiver thereof, nor any single or partial exercise of any right preclude further exercise
thereof in future by the party.

9.2 The headings of articles herein are provided for the purpose of index. Such headings shall in
no event be used or affected interpretations of the terms herein.

9.3 Each party hereunder concludes the agreement with legal purpose. Each term hereof is severable
and independent from the others. If at any time one or more of such terms is or becomes invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining terms hereof
shall not in any way be affected thereby; and the parties shall make every endeavor to negotiate
and arrive at new terms to substitute the invalid, illegal and unenforceable terms, and preserve as
near as possible business purposes of the original terms.

9.4 This Agreement shall be binding for each party’s legal successors.

9.5 Matters not covered in the Agreement shall be determined through negotiation by the Parties.
The supplementary agreement shall be made in writing and be effective upon signature of the
Parties.

9.6 The Agreement is executed in four original copies. Each party hereto shall hold one copy. The
remaining two copies are for the relevant legal procedures. Each copy is equally authentic.

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

 

 

 

(Execution Page)

IN WITNESS WHEREOF, the Parties hereto have signed this Agreement as of the date first written
above in Beijing.

Transferor: Lin Yang

(signature)

Transferee: Juanjuan Wang

(signature)

 

 

 

Share Transfer Agreement

This Share Transfer Agreement is entered into by the following Parties on January 5, 2010:

Transferor: Shaoming Shi

Address: 9/F., Tower C, Corporate Square, No.35 Financial Street, Xicheng District, Beijing

ID No.: 371323198204096115

Transferee: Minhua Wang

Address: 9/F., Tower C, Corporate Square, No.35 Financial Street, Xicheng District, Beijing

ID No.: 110108197204049310

WHEREAS:

1. Shanghai Shangtong Co., Limited (the “Company”) is a limited liability company duly organized
and validly existing under the laws of China, and its registered capital is RMB 1,000,000.

2. The Transferor and Lin Yang are shareholders of the Company, the Transferor holds 45% of equity
interests of the Company, Lin Yang holds 55% of equity interests of the Company, and contributed
their full investment in accordance with laws.

3. The Transferor intends to sell to the Transferee, and the Transferee intends to purchase from
the Transferor, all equity interests of the Company owned by the Transferor, representing 45% of
the total share capital of the Company.

THEREFORE, after friendly consultations conducted in accordance with the principles of equality,
the Transferor and the Transferee hereby agree as follows:

Article 1 Subject Matter of Transfer

1.1 Subject to the terms and conditions of this Agreement, the Transferor agrees to sell and the
Transferee agrees to acquire the equity interests representing the Transferor’s equity interests of
the registered capital (RMB 450,000, accounting for 45% of the total registered capital of the
Company) that is contributed to the Company in full and all rights and benefits attached to such
equity interests.

Article 2 Consideration and Payment

2.1 Consideration: the Transferee shall make payment of RMB 450,000 (“Consideration”) to the
Transferor’s designated account as consideration for the Transferor’s transfer of the Shareholders’
Equity Interests to the Transferee in accordance with this Agreement.

2.2 The date of payment: the Transferee shall make payment of the Consideration to the Transferor
within 30 days as of the effective date of this Agreement.

Article 3 Closing

3.1 For the purpose of this Agreement, the closing date in this Agreement means the completion date
of changing the registration of equity interests of the Company (“Closing Date”). From the Closing
Date, rights and obligation hereunder enjoyed and performed by the Transferor within the scope of
the transferred equity interests shall be enjoyed and borne by the Transferee.

3.2 The Parties shall take all necessary action to assist the Transferee and the Company in
handling all necessary procedures for the transfer of equity interests until the Closing Date.

3.3 All procedure fees and taxes incurred from the transfer of equity interests shall be borne
by the Parties separately in accordance with laws.

 

 

 

Article 4 Representations and Warranties

4.1 The Transferor hereby makes unconditional and irrevocable representations and warranties as
follows:

4.1.5 The Transferor is legal and actual owner of the shareholders’ equity interests which are free
from lien, pledge, claim, or the securities or third party’s rights, and are not subject to any
binding of priority right (including without limitation the right of first refusal and right of
first purchase). The transferee will not be claimed by any third party after acquiring such
shareholders’ equity interests.

4.1.6 The Company is duly incorporated and validly existing in accordance with laws of the People’s
Republic of China. The transfer of equity interests hereunder will not contravene any provision of
the articles of association of the Company.

4.1.7 The execution of this Agreement and closing of the transaction hereunder shall not lead to
the Transferor’ s breach, cancellation or termination of any agreement it has executed, or breach
any agreement, undertaking or other formal documents.

4.1.8 The representations and warranties made by the Transferor herein and statement relevant to
the transfer as of the date of this Agreement are true, accurate, complete, and without any
concealment or misleading content.

4.2 The Transferee hereby makes unconditional and irrevocable representations and warranties as
follows:

4.2.1 The execution of this Agreement and closing of the transaction hereunder shall not lead to
the Transferor’s breach, cancellation or termination of any agreement it has executed, or breach
any agreement, undertaking or other formal documents.

4.2.2 The representations and warranties made by the Transferee herein and statement relevant to
the transfer as of the date of this Agreement are true, accurate, complete, and without any
concealment or misleading content.

Article 5 Notices

Any notice, request, demand and other communications required or otherwise made under this
Agreement shall be in writing. Notices hereunder shall be sent to the other party’s address and/or
number, by ways of personal delivery, prepaid registered airmail, acknowledged carrier or fax. Such
notices shall be deemed to have been effectively given on the following dates: (1) notices
delivered by person shall be deemed to have been effectively served on the date of personal
delivery; (2) notices sent by prepaid registered airmail shall be deemed to have been effectively
served on the seventh day after the day they were delivered for mailing (as indicated by the
postmark); (3) notices sent by courier service shall be deemed to have been effectively served on
the third day after they were delivered to an acknowledged courier; (4) notices sent by facsimile
shall be deemed to have been effectively served on the first working day after being transmitted.

Article 6 Liability for Breach

6.1 After the execution of this Agreement, in the event that any party breaches or fails to
perform obligation hereunder shall take default liabilities and all economic losses of the other
party incurred therefrom.

 

 

 

Article 7 Governing Law

7.1 The conclusion, effectiveness, interpretation, performance of the agreement and the
settlement of disputes in connection therewith, shall be governed by laws of the People’s Republic
of China.

7.2 In the event that some articles of this Agreement are deemed as invalid or unenforceable,
and such articles will not affect validity of the other articles, the other articles shall remain
valid; meanwhile, the Parties shall adjust the invalid or unenforceable articles in accordance with
the current laws and regulations to valid articles and to comply with principles and spirits of
this Agreement as much as possible.

Article 8 Effectiveness and Dispute Resolution

8.1 This Agreement shall become effective as of the execution date.

8.2 Any dispute arises from the interpretation or performance of terms hereof by the parties,
shall be settled through friendly consultation. If the parties fail to make a written agreement
after consultation, the dispute shall be submitted for arbitration in accordance with the
agreement. The arbitration shall be final and exclusive. Unless otherwise expressly stipulated
herein, any party waives expressly its right to submit a dispute to court for a legal action, and
the waiver is irrevocable.

8.3 The arbitration shall be submitted to China International Economic and Trade Arbitration
Committee (“Arbitration Committee”) to be arbitrated in accordance with then-in-force arbitration
rules. The place of arbitration shall be Beijing. Unless otherwise stipulated in the arbitration
award, the arbitration fee (including reasonable attorney fees and expenses) shall be borne by the
losing party.

Article 9 Miscellaneous

9.1 The failure or delay of any party hereof to exercise any right hereunder shall not be deemed
as a waiver thereof, nor any single or partial exercise of any right preclude further exercise
thereof in future by the party.

9.2 The headings of articles herein are provided for the purpose of index. Such headings shall in
no event be used or affected interpretations of the terms herein.

9.3 Each party hereunder concludes the agreement with legal purpose. Each term hereof is
severable and independent from the others. If at any time one or more of such terms is or becomes
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining terms
hereof shall not in any way be affected thereby; and the parties shall make every endeavor to
negotiate and arrive at new terms to substitute the invalid, illegal and unenforceable terms, and
preserve as near as possible business purposes of the original terms.

9.4 This Agreement shall be binding for each party’s legal successors.

9.5 Matters not covered in the Agreement shall be determined through negotiation by the Parties.
The supplementary agreement shall be made in writing and be effective upon signature of the
Parties.

9.6 The Agreement is executed in four original copies. Each party hereto shall hold one copy. The
remaining two copies are for the relevant legal procedures. Each copy is equally authentic.

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

 

 

 

(Execution Page)

IN WITNESS WHEREOF, the Parties hereto have signed this Agreement as of the date first written
above in Beijing.

Transferor: Shaoming Shi

(signature)

Transferee: Minhua Wang

(signature)

 

 

 

Exhibit III: Loan Agreement and Receipts for the Loan

LOAN AGREEMENT

The Loan Agreement (the “Agreement”) is entered into as of January 5, 2010 among the following
parties in Beijing, the People’s Republic of China (the “PRC”):

PARTY A: FORTUNE SOFTWARE (BEIJING) CO., LTD. (“LENDER”)

Address: Room 626, Beijing Aerospace CPMIEC Building, No.30 Haidian South Road, Beijing

Legal representative: Zhiwei Zhao

PARTY B: JUANJUAN WANG (“BORROWER”)

Address: Room 107, Unit 2, No. 407 Datong Road, Bao Town, Chongming County (Shanghai Bao Town
Industrial Zone)

ID No.: 342523198201283122

Party A and Party B will each be referred to as a “Party” and collectively referred to as the
“Parties.”

WHEREAS,

1. The Lender is a wholly foreign owned enterprise duly organized and validly existing under the
laws of the PRC.

2. The Borrower desires to acquire 55% equity interest in Shanghai Shangtong Co., Limited in the
PRC (“Company”). The Borrower desires to borrow loans from the Lender to acquire 55% equity
interest in the Company, and the Lender agrees to provide such loans to Borrower.

THEREFORE, in accordance with the principle of sincere cooperation, mutual benefit and joint
development, through friendly negotiation, the Parties hereby enter into the following agreements
pursuant to relevant PRC laws and regulations.

ARTICLE 1 AMOUNT AND PURPOSE

1.1 Loan Amount: the Lender agrees to provide a loan with the amount of RMB 550,000 from its
self-owned fund to Party B.

1.2 Purpose of the Loan: the Borrower shall only use the Loan hereunder to acquire 55% equity
interest in the Company as registered capital. Without the prior written consent of the Lender, the
Borrower shall not use such Loan for any other purpose, or pledge their equity interests in the New
Company to any other third party.

 

 

 

ARTICLE 2 PAYMENT FOR THE LOAN

2.1 Payment Notice: the Lender shall deposit the loan amount to the following accounts designated
by the Borrower within ten days after the execution of this Agreement:

ARTICLE 3 TERM, REPAYMENT AND INTEREST OF THE LOAN

3.1 The term of the loan shall be 10 years and may be renewed pursuant to the agreement between the
Parties (“Term”). Notwithstanding the foregoing, in the following circumstances, the Borrower shall
repay the Loan regardless if the Term has expired:

(1) The Borrower deceases or becomes a person without legal capacity or with limited legal
capacity;

(2) The Borrower commits a crime or are involved in a criminal act; or

(3) The Lender or its designated assignee can legally purchase the Borrower’s shares in the
New Company under the PRC law and the Lender chooses to do so.

3.2 The Borrower can repay the Loan by transferring all of their equity interests in the New
Company to the Lender or a third party designated by the Lender when such transfer is permitted
under the PRC law. In the event (1) the Borrower transfers all of their equity interests in the New
Company to the Lender or a third party designated by the Lender when such transfer is permitted
under the PRC law, or (2) the Borrower receives dividends from the New Company, the Borrower shall
deposit all the funds or dividends obtained from such transfer or the New Company, as the case may
be, to the account designated by the Lender (no matter such amount is higher or less than the
principal amount of the Loan).

3.3 The Lender and the Borrower hereby jointly agree and confirm that the Lender, has the right to,
but has no obligation to, purchase or designate a third party (legal person or natural person) to
purchase all or part of Borrower’s interest in the New Company at a price equal to the amount of
the Loan when such purchase is allowed under the PRC law. If Lender or the third party assignee
designated by Lender only purchases part of Borrower’s interest in the New Company, the purchase
price shall be reduced on a pro rata basis.

3.4 In the event when the Borrower transfers its interest in the New Company to the Lender or a
third party transferee designated by Lender, (i) if the total of (1) the actual transfer price paid
by Lender or the third party transferee and (2) the dividends obtained from the New Company by the
Lender (if applicable) equals or is less than the principal amount of the Loan, the Loan shall be
deemed as interest free; (ii) if the total of (1) the actual transfer price paid by Lender or the
third party transferee and (2) the dividends obtained from the New Company by the Lender (if
applicable) is higher than the principal amount of the Loan, the amount exceeding the principal
amount of the Loan shall be deemed as an interest accrued on the Loan and paid by Borrower to
Lender in full.

 

 

 

ARTICLE 4 CONFIDENTIALITY

4.1 The Parties acknowledge and confirm that any oral or written materials concerning this
Agreement exchanged between them are confidential information. The Parties shall protect and
maintain the confidentiality of all such confidential data and information and shall not disclose
to any third party without the other party’s written consent, except (a) the data or information
that was in the public domain or later becomes published or generally known to the public, provided
that it is not released by the receiving party, (b) the data or information that shall be disclosed
pursuant to applicable laws or regulations, and (c) the data or information that shall be disclosed
to One Party’s legal counsel or financial counsel who shall also bear the obligation of maintaining
the confidentiality similar to the obligations hereof. The undue disclosing of the confidential
data or information of One Party’s legal counsel or financial counsel shall be deemed the undue
disclosing of such party who shall take on the liability of breach of this Agreement.

ARTICLE 5 DISPUTE RESOLUTION

5.1 The execution, validity, interpretation, performance, implementation, termination and
settlement of disputes of this Agreement shall be governed by the laws of the PRC.

5.2 Any dispute arising from or in connection with this Agreement shall be settled through friendly
negotiation. If the parties fail to make any written agreement within thirty days after
consultation, such dispute will be submitted (by the Lender or the Borrower) to the China
International Economic and Trade Arbitration Commission (“CIETAC”) in accordance with its
arbitration rules/procedures. The arbitration shall commence from the date of filing. The tribunal
will be composed of one (1) arbitrator appointed by the chairman of CIETAC. The arbitration shall
be final and bind the Parties. Unless otherwise stipulated by the arbitrator, the arbitration fee
(including reasonable attorney fees and attorney expenses) shall be borne by the losing party.

ARTICLE 6 EFFECTIVENESS

6.1 This Agreement shall become effective after the execution of the Parties. The Agreement can be
terminated by one Party through sending a written notice to the other Parties thirty days prior to
the termination. Otherwise any Party shall not terminate this Agreement unilaterally without the
mutual agreement of the Parties.

ARTICLE 7 AMENDMENT

7.1 Upon the effectiveness of the agreement, the parties shall fully perform the agreement. Any
modifications of the agreement shall only be effective in written form through consultations of the
parties. Any modification and supplementary to this Agreement after signed by both Parties, become
an integral part of this Agreement, and has the same legal force with this Agreement.

ARTICLE 8 MISCELLANEOUS

8.1 The headings of articles herein are provided for the purpose of reference. Such headings shall
in no event be used or affected interpretations of the terms herein.

 

 

 

8.2 Matters not covered in the agreement shall be dealt with in a supplementary agreement, and
annexed hereto. The supplementary agreement shall be an integral part of this Agreement and have
the same legal force as the agreement.

8.3 Any provision of this Agreement that is invalid or unenforceable shall not affect the validity
and enforceability of any other provisions hereof.

8.4 The agreement is executed in two original copies with same legal effect. Each party hereto
shall hold one copy.

[The reminder of this page is intentionally left blank.]

 

 

 

[Signature page, no body text]

IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date and year first
hereinabove set forth.

Party A:

FORTUNE SOFTWARE (BEIJING) CO., LTD

	 	 	 
	 

Seal

	 	 

Party
B: JUANJUAN WANG

	 	 	 
	 

(signature)

	 	 

 

 

 

LOAN AGREEMENT

The Loan Agreement (the “Agreement”) is entered into as of January 5, 2010 among the following
parties in Beijing, the People’s Republic of China (the “PRC”):

PARTY A: FORTUNE SOFTWARE (BEIJING) CO., LTD. (“LENDER”)

Address: Room 626, Beijing Aerospace CPMIEC Building, No.30 Haidian South Road, Beijing

Legal representative: Zhiwei Zhao

PARTY B: MINHUA WANG (“BORROWER”)

Address: 9/F., Tower C, Corporate Square, No.35 Financial Street, Xicheng District, Beijing

ID No.: 110108197204049310

Party A and Party B will each be referred to as a “Party” and collectively referred to as the
“Parties.”

WHEREAS,

1. The Lender is a wholly foreign owned enterprise duly organized and validly existing under the
laws of the PRC.

2. The Borrower desires to acquire 45% equity interest in Shanghai Shangtong Co., Limited in the
PRC (“Company”). The Borrower desires to borrow loans from the Lender to acquire 45% equity
interest in the Company, and the Lender agrees to provide such loans to Borrower.

THEREFORE, in accordance with the principle of sincere cooperation, mutual benefit and joint
development, through friendly negotiation, the Parties hereby enter into the following agreements
pursuant to relevant PRC laws and regulations.

ARTICLE 1 AMOUNT AND PURPOSE

1.1 Loan Amount: the Lender agrees to provide a loan with the amount of RMB 450,000 from its
self-owned fund to Party B.

1.2 Purpose of the Loan: the Borrower shall only use the Loan hereunder to acquire 45% equity
interest in the Company as registered capital. Without the prior written consent of the Lender, the
Borrower shall not use such Loan for any other purpose, or pledge their equity interests in the New
Company to any other third party.

ARTICLE 2 PAYMENT FOR THE LOAN

2.1 Payment Notice: the Lender shall deposit the loan amount to the following accounts designated
by the Borrower within ten days after the execution of this Agreement:

 

 

 

ARTICLE 3 TERM, REPAYMENT AND INTEREST OF THE LOAN

3.1 The term of the loan shall be 10 years and may be renewed pursuant to the agreement between the
Parties (“Term”). Notwithstanding the foregoing, in the following circumstances, the Borrower shall
repay the Loan regardless if the Term has expired:

(1) The Borrower deceases or becomes a person without legal capacity or with limited legal
capacity;

(2) The Borrower commits a crime or are involved in a criminal act; or

(3) The Lender or its designated assignee can legally purchase the Borrower’s shares in the
New Company under the PRC law and the Lender chooses to do so.

3.2 The Borrower can repay the Loan by transferring all of their equity interests in the New
Company to the Lender or a third party designated by the Lender when such transfer is permitted
under the PRC law. In the event (1) the Borrower transfers all of their equity interests in the New
Company to the Lender or a third party designated by the Lender when such transfer is permitted
under the PRC law, or (2) the Borrower receives dividends from the New Company, the Borrower shall
deposit all the funds or dividends obtained from such transfer or the New Company, as the case may
be, to the account designated by the Lender (no matter such amount is higher or less than the
principal amount of the Loan).

3.3 The Lender and the Borrower hereby jointly agree and confirm that the Lender, has the right to,
but has no obligation to, purchase or designate a third party (legal person or natural person) to
purchase all or part of Borrower’s interest in the New Company at a price equal to the amount of
the Loan when such purchase is allowed under the PRC law. If Lender or the third party assignee
designated by Lender only purchases part of Borrower’s interest in the New Company, the purchase
price shall be reduced on a pro rata basis.

3.4 In the event when the Borrower transfers its interest in the New Company to the Lender or a
third party transferee designated by Lender, (i) if the total of (1) the actual transfer price paid
by Lender or the third party transferee and (2) the dividends obtained from the New Company by the
Lender (if applicable) equals or is less than the principal amount of the Loan, the Loan shall be
deemed as interest free; (ii) if the total of (1) the actual transfer price paid by Lender or the
third party transferee and (2) the dividends obtained from the New Company by the Lender (if
applicable) is higher than the principal amount of the Loan, the amount exceeding the principal
amount of the Loan shall be deemed as an interest accrued on the Loan and paid by Borrower to
Lender in full.

ARTICLE 4 CONFIDENTIALITY

4.1 The Parties acknowledge and confirm that any oral or written materials concerning this
Agreement exchanged between them are confidential information. The Parties shall protect and
maintain the confidentiality of all such confidential data and information and shall not disclose
to any third party without the other party’s written consent, except (a) the data or information
that was in the public domain or later becomes published or generally known to the public, provided that it is not
released by the receiving party, (b) the data or information that shall be disclosed pursuant to
applicable laws or regulations, and (c) the data or information that shall be disclosed to One
Party’s legal counsel or financial counsel who shall also bear the obligation of maintaining the
confidentiality similar to the obligations hereof. The undue disclosing of the confidential data or
information of One Party’s legal counsel or financial counsel shall be deemed the undue disclosing
of such party who shall take on the liability of breach of this Agreement.

 

 

 

ARTICLE 5 DISPUTE RESOLUTION

5.1 The execution, validity, interpretation, performance, implementation, termination and
settlement of disputes of this Agreement shall be governed by the laws of the PRC.

5.2 Any dispute arising from or in connection with this Agreement shall be settled through friendly
negotiation. If the parties fail to make any written agreement within thirty days after
consultation, such dispute will be submitted (by the Lender or the Borrower) to the China
International Economic and Trade Arbitration Commission (“CIETAC”) in accordance with its
arbitration rules/procedures. The arbitration shall commence from the date of filing. The tribunal
will be composed of one (1) arbitrator appointed by the chairman of CIETAC. The arbitration shall
be final and bind the Parties. Unless otherwise stipulated by the arbitrator, the arbitration fee
(including reasonable attorney fees and attorney expenses) shall be borne by the losing party.

ARTICLE 6 EFFECTIVENESS

6.1 This Agreement shall become effective after the execution of the Parties. The Agreement can be
terminated by one Party through sending a written notice to the other Parties thirty days prior to
the termination. Otherwise any Party shall not terminate this Agreement unilaterally without the
mutual agreement of the Parties.

ARTICLE 7 AMENDMENT

7.1 Upon the effectiveness of the agreement, the parties shall fully perform the agreement. Any
modifications of the agreement shall only be effective in written form through consultations of the
parties. Any modification and supplementary to this Agreement after signed by both Parties, become
an integral part of this Agreement, and has the same legal force with this Agreement.

 

 

 

ARTICLE 8 MISCELLANEOUS

8.1 The headings of articles herein are provided for the purpose of reference. Such headings shall
in no event be used or affected interpretations of the terms herein.

8.2 Matters not covered in the agreement shall be dealt with in a supplementary agreement, and
annexed hereto. The supplementary agreement shall be an integral part of this Agreement and have
the same legal force as the agreement.

8.3 Any provision of this Agreement that is invalid or unenforceable shall not affect the validity
and enforceability of any other provisions hereof.

8.4 The agreement is executed in three original copies with same legal effect. Each party hereto
shall hold one copy.

[The reminder of this page is intentionally left blank.]

 

 

 

[Signature page, no body text]

IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date and year first
hereinabove set forth.

Party A:

FORTUNE SOFTWARE (BEIJING) CO., LTD

	 	 	 
	 

Seal

	 	 

Party B: MINHUA WANG

	 	 	 
	 

(signature)

	 	 

 

 

 

RECEIPT

Date: January 8, 2010

According to the Loan Agreement entered into between Fortune Software (Beijing) Co., Ltd. (“Fortune
Software”) and I on January 5, 2010, I have received all of the loan. The obligation of payment of
Fortune Software (Beijing) Co., Ltd. under the Loan Agreement has been fully fulfilled.

Minhua Wang (signature):

ID No.: 110108197204049310

 

 

 

RECEIPT

Date: January 8, 2010

According to the Loan Agreement entered into between Fortune Software (Beijing) Co., Ltd. and I on
January 5, 2010, I have received all of the loan. The obligation of payment of Fortune Software
(Beijing) Co., Ltd. under the Loan Agreement has been fully fulfilled.

Juanjuan Wang (signature)

ID No.: 342523198201283122

 

 

 

Exhibit IV: Receipts for all of the prices for the transferred shares from Party A and Party B

Receipt

To: Lin Yang/Shaoming Shi

Date: January 8, 2010

According to the Share Transfer Agreement entered into among Juanjuan Wang, Minhua Wang, Lin Yang
and Shaoming Shi on January 5, 2010, I have received all of the prices for the transferred shares.
The obligation of payment of Juanjuan Wang and Minhua Wang under the Loan Agreement has been fully
fulfilled.

	 	 	 
	 

Juanjuan Wang (Signture)

ID No.: 342523198201283122

	 	 

	 	 	 
	 

Minhua Wang (Signture)

ID No.: 110108197204049310

	 	 

 

 

 

Exhibit V: Receipts for Loans from Party E

Receipt

Date: January 8, 2010

According to the Loan Agreement entered into among Lin Yang, Shaoming Shi and Fortune Software
(Beijing) Co., Ltd. (“Our Company”) in 2008, Our Company has been repaid all amount of the loan,
and the Loan Agreement is hereby terminated. The obligation of payment of Lin Yang and Shaoming Shi
under the Loan Agreement has been fully fulfilled.

	 	 	 
	 

Fortune Software (Beijing) Co., Ltd. (Seal)Exhibit 4.111

Exhibit 4.111

[Translated from the original Chinese version]

PURCHASE OPTION AGREEMENT

among

FORTUNE SOFTWARE (BEIJING) CO., LTD.

JUANJUAN WANG

MINHUA WANG

and

SHANGHAI SHANGTONG CO., LIMITED

JANUARY 5, 2010

BEIJING, CHINA

 

 

 

PURCHASE OPTION AGREEMENT

This Purchase Option Agreement (“this Agreement”) is entered into in Beijing, People’s Republic of
China (the “PRC”) on January 5, 2010 by and among:

Party A: Fortune Software (Beijing) Co., Ltd.

Registered address: Room 626, Beijing Aerospace CPMIEC Building, No. 30 Haidian South Road, Haidian District, Beijing

Party B: Juanjuan Wang

Address: Room 107, Unit 2, No. 407 Datong Road, Bao Town, Chongming County (Shanghai Bao Town Industrial Zone)

ID No.: 342523198201283122

Party C: Minhua Wang

Address: 9/F., Tower C, Corporate Square, No.35 Financial Street, Xicheng District, Beijing

ID No.: 110108197204049310

Party D: Shanghai Shangtong Co., Limited

Address: Room 107, Unit 2, No. 407 Datong Road, Bao Town, Chongming County (Shanghai Bao Town Industrial Zone)

Legal representative: Juanjuan Wang

WHEREAS,

(1) Party A is a company with limited liability duly organized and validly existing in Beijing,
provides certain technical support, strategic consulting and other services to Party D, and
currently is a major business partner of Party D;

(2) To finance the investment by Party B and Party C in Party D, Party A has entered into loan
agreements with Party B and Party C on January 5, 2010, providing Party B and Party C with loans of
RMB 550,000 and RMB 450,000 separately. Pursuant to the Loan Agreement, Party B and Party C have
invested the full amount of the loans in Party D’s registered capital, and each holds 55% and 45%
equity interests in Party D, respectively; and

(3) To guarantee the payment obligations of Party D to Party A pursuant to certain contractual
agreements, Party B and Party C have entered into a share pledge agreement (hereafter the “Share
Pledge Agreement”) with Party A on January 5, 2010, pledging Party B’s and Party C’s respective
Share Equity in Party D to Party A; and

(4) The Parties hereto wish to grant Party A the exclusive purchase option to acquire, at any time
upon satisfaction of the requirements under the PRC law, the entire or a portion of Party D’s share
equity/assets owned by Party B and/or Party C.

NOW AND THEREFORE, in accordance with the principle of sincere cooperation, mutual benefit and
joint development and after friendly negotiations, the Parties hereby enter into the following
agreements pursuant to the provisions of relevant laws and regulations of the PRC.

 

 

 

ARTICLE 1 DEFINITIONS

The terms used in this Agreement shall have the meanings set forth below:

1.1 “This Agreement” means this Purchase Option Agreement and all appendices thereto, including
written instruments as originally executed and as may from time to time be amended or supplemented
by the Parties hereto through written agreements.

1.2 “The PRC” means, for the purpose of this Agreement, the People’s Republic of China, excluding
Hong Kong, Taiwan and Macao.

1.3 “Date” means the year, month and day. In this Agreement, “within” or “no later than”, when used
before a year, month or day, shall always include the relevant year, month or day.

ARTICLE 2 THE GRANT AND EXERCISE OF PURCHASE OPTION

2.1 The Parties hereto agree that Party A shall be granted an exclusive purchase option to acquire,
at any time upon satisfaction of the requirements under applicable laws and conditions as agreed in
this Agreement (including, without limitation, as under applicable laws, when Party B and/or Party
C cease to be Party D’s directors or employees, or Party B and/or Party C propose to transfer their
share equity in Party D to any party other than the existing shareholders of Party D), the entire
or a portion of Party D’s share equity owned by Party B and/or Party C, or the entire or portion of
the assets owned by Party D (“Purchase Option”). The Purchase Option granted hereby shall be
irrevocable during the term of this Agreement and may be exercised by Party A or any eligible
entity designated by Party A.

2.2 Party A may exercise the aforesaid purchase option by delivering a written notice to any of
Party B, Party C and Party D (the “Exercise Notice”).

2.3 Within thirty (30) days of the receipt of the Exercise Notice, Party B and/or Party C (as the
case may be) shall execute a share/asset transfer contract and other documents (collectively, the
“Transfer Documents”) necessary to effect the respective transfer of share equity or assets with
Party A (or any eligible party designated by Party A).

2.4 When applicable laws permit the exercise of the purchase option provided hereunder and Party A
elects to exercise such purchase option, Party B, Party C and Party D shall unconditionally assist
Party A to obtain all approvals, permits, registrations, filings and other procedures necessary to
effect the transfer of relevant share equity or assets.

ARTICLE 3 REPRESENTATIONS AND WARRANTIES

Each party hereto represents to the other parties that:

3.1 Each party hereto represents to the other parties that: (1) it has all the necessary rights,
powers and authorizations to enter into this Agreement and perform its duties and obligations
hereunder; and (2) the execution or performance of this Agreement shall not violate any significant
contract or agreement to which it is a party or by which it or its assets are bounded.

3.2 Party B and Party C hereto represent to Party A that: (1).they are both legally registered
shareholders of party D and have paid Party D the full amount of their respective portions of Party
D’s registered capital required under Chinese law; (2) neither Party B nor Party C has created any
mortgage, pledge, secured interests or other form of debt liabilities over the Share Equity other
than the Pledge created under the Share Pledge Agreement; and (3) neither Party B nor Party C has
sold or will sell to any third party its Share Equity in Party D.

3.3 Party D hereto represents to Party A that: (1) it is a limited liability company duly
registered and validly existing under the PRC law; and (2) its business operations are in
compliance with applicable laws of the PRC in all material respect.

 

 

 

ARTICLE 4 EXERCISE PRICE

When it is permitted by applicable laws, Party A (or any eligible party designated by Party A)
shall have the right to acquire, at any time, all of Party D’s assets or its share equity owned by
Party B and Party C, at a price equal to the sum of the principles of the loans from Party A to
Party B and Party C under the Loan Agreement (RMB1,000,000). If Party A (or any eligible party
designated by Party A) elects to purchase a portion of Party D’s share equity or assets, then the
exercise price for such purpose shall be adjusted accordingly based on the percentage of such share
equity or assets to be purchased over the total share equity or assets. When Party A (or a
qualified entity designated by party A) is to acquire all or a portion of Party D’s equity share or
assets from Party B and Party C pursuant to this Agreement, Party A has the right to substitute the
principle amounts Party B and Party C respectively owe Party A under the Loan Agreement for the
purchase prices payable to Party B and Party C, respectively. When acquiring share equity or assets
from Party B, Party C, or Party D pursuant to this Agreement, Party A shall pay an actual exercise
price based on the exercise price under applicable Chinese laws or requirements of relevant
authorities, if the exercise price under applicable laws or requirements of relevant authorities is
higher than the exercise price under this Agreement.

ARTICLE 5 COVENANTS

The Parties further agree as follows:

5.1 Before Party A (or any eligible party designated by Party A) has acquired all the
equity/assets of Party D by exercising the purchase option provided hereunder, Party D shall not:

5.1.1 sell, assign, mortgage or otherwise dispose of, or create any encumbrance on, any of its
assets, operations or any legal or beneficiary interests with respect to its revenues (unless such
sale, assignment, mortgage, disposal or encumbrance is relating to its daily operation or has been
disclosed to and agreed by Party A in writing);

5.1.2 enter into any transaction which may materially affect its assets, liability, operation,
equity or other legal rights (unless such transaction is relating to its daily operation or has
been disclosed to and agreed by Party A in writing); and

5.1.3 distribute any dividend to its shareholders in any manner.

5.2 Before Party A (or any eligible party designated by Party A) has acquired all the
equity/assets of Party D by exercising the purchase option provided hereunder, Party B and/or Party
C shall not individually or collectively:

5.2.1 supplement, alter or amend the articles of association of Party D in any manner to the
extent that such supplement, alteration or amendment may have a material effect on Party D’s
assets, liability, operation, equity or other legal rights (except for pro rata increase of
registered capital mandated by applicable laws);

5.2.2 cause Party D enter into any transaction to the extent such transaction may have a
material effect on Party D’s assets, liability, operation, equity or other legal rights (unless
such transaction is relating to Party D’s daily operation or has been disclosed to and agreed by
Party A in writing); and

5.2.3 cause Party D’s board of directors adopt any resolution on distributing dividends to its
shareholders.

5.3 After the execution of this Agreement, Party B and Party C (the “Principals”) shall each
execute and deliver a proxy to the agents (the “Agents”) to the satisfaction of Party A to grant
the Agents all voting rights as shareholders of Party D, including without limitations the right to
appoint and elect Party D’s directors, general manager and other senior officers in Party D’s
shareholders meetings. The initial term of such proxies shall be twenty (20) years, and the initial
term shall be renewed automatically upon expiry of the proxies unless Party A notifies the
Principals in writing thirty (30) days prior to the expiry date to terminate the proxies. Such
proxies shall be based on the conditions that the Agents are Chinese citizens employed by Party A
and shall be subject to Party A’s consent. Once the Agents cease to be employed by
Party A or Party A delivers a written notice to the Principals requesting the proxies to be
terminated, the Principals shall revoke the relevant proxy immediately and grant the same rights as
provided in the proxies to other PRC citizens employed and designed by Party A. The Agents have
agreed to act with due care and diligence in exercising their rights under the proxies and
indemnify and keep the Principals harmless from any loss or damages caused by any action in
connection with exercise of their rights under the proxies (unless any loss or damage is caused by
the Principals’ own intentional or material negligent actions).

 

 

 

5.4 Party B and Party C shall, to the extent permitted by applicable laws, cause Party D’s
operational term to be extended to equal the operational term of Party A.

5.5 Party A shall provide or arrange other parties to provide financings to Party D to the extent
Party D needs such financing to finance its operation. In the event that Party D is unable to repay
such financing due to its losses, Party A shall waive or cause the relevant parties to waive all
recourse against Party D with respect to such financing.

5.6 To the extent Party B and/or Party C are subject to any legal or economic liabilities to any
institution or individual other than Party A as a result of performing their obligations under this
Agreement or any other agreements between them and Party A, Party A shall provide all support
necessary to enable Party B and/or Party C to duly perform their obligations under this Agreement
and any other agreements and to hold Party B and/or Party C harmless against any loss or damage
caused by their performance of obligations under such agreements.

ARTICLE 6 CONFIDENTIALITY

Each Party shall keep confidential all the content of this Agreement. Without the prior
consent of all Parties, no Party shall disclose any content of this Agreement to any other party or
make any public announcements with respect to any content of this Agreement. Notwithstanding the
forgoing provisions of this Article 6, the following disclosure shall be permitted: (i) disclosure
made pursuant to any applicable laws or any rules of any stock exchange; (ii) disclosure of
information which has become public information other than due to any breach by the disclosing
party; (iii) disclosure to any Party’s shareholders, legal counsel, accountants, financial advisors
or other professional advisors, or (iv) disclosure to any potential purchasers of a Party or its
shareholders’ equity/assets, its other investors, debts or equity financing providers, provided
that the receiving party of confidential information has agreed to keep the relevant information
confidential (such disclosure shall be subject to the consent of Party A in the event that Party A
is not the potential purchaser).

ARTICLE 7 APPLICABLE LAW AND EVENTS OF DEFAULT

The execution, effectiveness, interpretation, performance and dispute resolution of this
Agreement shall be governed by the laws of the PRC.

Any violation of any provision hereof, incomplete performance of any obligation provided
hereunder, any misrepresentation made hereunder, material concealment or omission of any material
fact or failure to perform any covenants provided hereunder by any Party shall constitute an event
of default. The defaulting Party shall assume all the legal liabilities pursuant to the applicable
laws.

ARTICLE 8 DISPUTE RESOLUTION

8.1 Any dispute arising from the performance of this Agreement shall be first subject to the
Parties’ friendly consultations. In the event any dispute cannot be solved by friendly
consultations, the relevant dispute shall be submitted for arbitration;

8.2 The arbitration shall be administered by the Beijing branch of China International Economic and
Trade Arbitration Commission in accordance with the then effective arbitration rules of the
Commission.

8.3 The arbitration award shall be final and binding on the Parties. The costs of the arbitration
(including but not limited to arbitration fee and attorney  fee) shall be borne by the losing
party, unless the arbitration award stipulates otherwise.

 

 

 

ARTICLE 9 EFFECTIVENESS

This Agreement shall be effective upon the execution hereof by all Parties hereto and shall
remain effective thereafter.

This Agreement may not be terminated without the unanimous consent of all the Parties except
Party A may, by giving a thirty (30) days prior notice to the other Parties hereto, terminate this
Agreement.

ARTICLE 10 AMENDMENT

All Parties hereto shall fulfill their respective obligations hereunder. No amendment to this
Agreement shall be effective unless such amendment has been made in written form and agreed by all
of the Parties and Party A and Party D have obtained necessary authorization and approvals with
respect to such amendment.

ARTICLE 11 COUNTERPARTS

This Agreement is executed in four (4) counterparts with same legal effect. Party A, Party B,
Party C, and Party D shall each hold one counterpart.

ARTICLE 12 MISCELLANEOUS

12.1 Party B and Party C’s obligations, covenants and liabilities to Party A hereunder are joint
and several, and Party B and Party C shall assume joint and several liabilities with respect to
such obligations, covenants and liabilities. With respect to Party A, a default by Party B shall
automatically constitute a default by Party C, and vice versa.

12.2 The title and headings contained in this Agreement are for convenience of reference only and
shall not in any way affect the meaning or interpretation of any provision of this Agreement.

12.3 The Parties may enter into supplementary agreements to address any issue not covered by this
Agreement. The supplementary agreements so entered shall be an appendix hereto and shall have the
same legal effect as this Agreement.

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[Execution page only]

Party A: Fortune Software (Beijing )Co. Limited

Seal:

Authorized Representative (Signature):

Party B: Juanjuan Wang

(Signature):

Party C: Minhua Wang

(Signature):

Party D: Shanghai Shangtong Co., Limited

Seal:

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