Document:

jrjc-ex4133_711.htm

Exhibit 4.133

Operation Agreement

 

by and between

 

 

Fortune Software (Beijing) Co., Ltd. 

and

Shenzhen Newrand Securities Advisory and Investment Co., Ltd.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 2018

Beijing China

 

 

Contents

1 Definitions3

2 Operation Support3

3 Obligations of Party B4

4 Consideration for Operation Support4

5 Representations and Warranties4

6 Confidentiality4

7 Governing Law and Liabilities for Breach of Contract5

8 Dispute Resolution5

9 Effectiveness and Term of Agreement5

10 No Survival6

11 Amendment to Agreement6

12 Counterparts6

13 Supplementary Provisions6

Appendix I Consideration for Operation Guarantee7

 

Operation Agreement 

This Operation Agreement (hereinafter referred to as the “Agreement”) is entered into on July 11, 2018 in Beijing, the People’s Republic of China (hereinafter referred to as “China”) by and between: 

 

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

Registered address: Suite 07, 7/F, Building 2, 26, 28 and 30 Xuanwumenwai Street, Xicheng District, Beijing

 

Party B: Shenzhen Newrand Securities Advisory and Investment Co., Ltd.

Registered address: Suite 2704, 27/F, Huarong Mansion, Mintian Road, Futian District, Shenzhen 

Legal representative: Yong Ma

 

Whereas: 

1) Party A is a limited liability company organized and validly existing under the laws of China, and has expertise and resources in investment consultation and related businesses and provides certain support to Party B in the aforesaid service operation; 

2) Party B is a limited liability company organized and validly existing under the laws and China and engages Party A to provide support in such business operation for the purpose of promoting its business expansion and development in the aforesaid service areas. 

3) Party A and Party B have signed a technical support agreement and strategic consulting agreement (collectively referred to as the “Bundled Agreements”) and established certain business relations. 

The Parties, in the principles of good faith cooperation, equality & mutual benefit and joint development, make and enter into the following agreements through friendly consultation in accordance with the provisions of applicable laws and regulations of China: 

 

1. Definitions 

For the purpose of this Agreement, the following terms shall have the meaning as set forth below: 

1.1 Agreement means this Operation Agreement and the appendices hereto and the written documents duly entered into by the Parties from time to time for the purpose of 

amending and supplementing this Agreement; 

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

1.3 Date means a certain day in a certain month of a certain year; “within” and “no later than” a certain day in this Agreement include the given day. 

 

2. Operation Support

2.1 Party A agrees, as required for Party B’s operation, to serve as the guarantor of Party B in the operation-related contracts, agreements or transactions made by and between Party B and a third party, to fully guarantee the performance of such contracts, agreements or transactions by Party B. 

2.2 Party A agrees, as required for Party B’s operation, to recommend certain directors and senior managers to Party B, and Party B agrees to appoint the persons recommended by Party A as its directors and senior managers. The  person recommended by Party A pursuant to this Article shall meet the requirements as specified by applicable laws on the qualifications for serving as a director and senior executive. 

2.3 In order to ensure the performance of this Agreement, Party A agrees to provide suggestions and guidance for the cooperation policies on routine operation and financial management of Party B and the employment and dismissal of Party B’s employees. 

 

3. Obligations of Party B

3.1 Party B agrees that, unless it obtains the prior written consent of Party A, it will not carry out any of the following matters which will seriously affect its assets, rights, obligations or operation (save and except contracts and agreements signed by Party B in routine operation, and sale or purchase of assets; and the lien required by the counterparties pursuant to the aforesaid contracts), including but not limited to: 

3.1.1 Raising a loan or taking any debt from any third party; 

3.1.2 Selling to or obtaining from any third party any asset or right; and 

3.1.3 Providing real guarantee to any third party with its assets. 

3.2 Without the written consent of Party A, Party B may not transfer its rights and obligations hereunder to any third person.  Party B agrees that Party A may transfer its rights and obligations hereunder, if needed, and Party A is only required to notify Party B in writing after such transfer without obtaining any prior consent from Party B. 

 

4. Consideration for Operation Support 

4.1 On the basis of the aforesaid operation support provided by Party A, Party B shall pay a certain amount to Party A pursuant to Appendix I as the consideration for operation support. 

 

5. Representations and Warranties

5.1 Either Party hereby represents and warrants to the other Party as follows: 

5.1.1 It has all the necessary rights, power and authority to enter into this Agreement and perform all obligations and responsibilities hereunder; 

5.1.2 The execution or performance hereof does not breach any significant contract or agreement to which such Party is a party or by which such Party or any of its assets is bound upon. 

 

6. Confidentiality 

6.1 Without the prior consent of the Parties, any Party shall keep the contents hereof confidential and may not disclose the contents hereof to any other person or make any release of such contents.  Notwithstanding the foregoing provisions in this Article, the provisions of this Article will not prohibit (i) any disclosure made pursuant to applicable laws of the United State, China or relevant countries or the rules of any stock exchange; (ii) any disclosure of any information that is publicly known through no default of the disclosing party; or (iii) any disclosure made by either Party to its shareholders, legal counsels, accountants, financial adviser, or other professional consultants that have confidentiality obligations to such Party. 

6.2 The Parties agree that this Article 6 shall survive the invalidation, amendment, rescission or termination of this Agreement. 

 

7. Governing Law and Liabilities for Breach of Contract

7.1 The formation, validity, interpretation, and performance of this Agreement and the resolution of dispute in connection herewith shall be governed by the laws of China. 

7.2 If either Party hereto breaches the provisions hereof, fails to fully perform this Agreement, makes any false representations and warranties herein, or makes any material concealment or major omission of fact, or fails to perform the warranties made by the Party, such Party shall constitute a breach of contract, and shall assume corresponding liabilities for breach of contract in according with the law. 

 

8. Dispute Resolution 

8.1 Any dispute arising out of the performance of this Agreement shall be resolved by 

the disputing Parties through friendly consultation; should the Parties fail to reach an agreement on dispute resolution within thirty (30) days after a Party proposes a request for dispute resolution through consultation, any Party may submit the dispute to China International Economic and Trade Arbitration Commission for arbitration according to its then effective arbitration rules.  The arbitral tribunal shall have three arbitrators, two of whom shall be appointed respectively by the Parties hereto, and the third arbitrator shall be appointed by the chairman of China International Economic and Trade Arbitration Commission. 

8.2 The dispute shall be submitted to the China International Economic and Trade Arbitration Commission for arbitration in Beijing according to the then effective arbitration procedures of such Commission; 

8.3 The award of the Arbitration Commission shall be final and binding on the Parties hereto.  The arbitration cost (including but not limited to the arbitration fee and attorney’s fee) shall be borne by the losing Party, unless otherwise specified in the arbitration award. 

 

9. Effectiveness and Term of Agreement

9.1 Effectiveness: this Agreement shall take effect immediately after being signed by Party A and Party B. 

9.2 Term: the term of this Agreement shall be ten years, during which Party B may not cancel this Agreement. 

9.3 Renewal: this Agreement shall be automatically renewed for additional one-year period upon the expiry hereof, unless Party A gives a thirty (30) days’ prior notice to Party B on its intention not to renew this Agreement. 

 

10. No Survival 

10.1 Upon the termination of this Agreement, Party A will assume no obligation to provide any Service hereunder to Party B.  

 

11. Amendment to Agreement

11.1 Upon the effectiveness of this Agreement, the Parties shall faithfully perform under this Agreement. Any amendment hereto shall be invalid unless it is agreed upon in writing by consensus through consultation and subject to the necessary authorizations and approvals obtained by the Parties respectively.  The amendment agreement and supplementary agreement relating to this Agreement that have been duly executed by the Parties are an integral part hereof and have the same legal effect with this Agreement. 

 

12. Counterparts

12.1 The original of this Agreement is made in duplicate (2 counterparts), with Party A and Party B each holding one copy, having the same legal effect. 

 

13. Supplementary Provisions

13.1 The title and headings of this Agreement are for convenience only and may not affect the contents and interpretation of the body of the Agreement.  

13.2 For any matter not stated herein, the Parties shall make and conclude a supplementary agreement as an appendix hereto, which shall constitute an integral part hereof and shall have the same legal effect as this Agreement. 

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Appendix I Consideration for Operation Guarantee 

The consideration for operation support (“Consideration”) each year is 40% of the “profit” of Party B in such year.  The “profit” of Party B means the amount that equals to the balance of total income of Party B minus the routine or non-routine sales taxes, sales expenses, management expenses, financial expenses and other expenses, and such “profit” is the profit before the payment of other service fees specified in the Bundled Agreements.  Such consideration shall be fixed by Party A and Party B in writing on a quarterly basis and shall be paid by Party B within three (3) months after the settlement date. 

 

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This Agreement is signed by the following Parties on the date first written above herein. 

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

Company seal: 

Authorized representative (signature): 

 

Party B: Shenzhen Newrand Securities Advisory and Investment Co., Ltd.

Company seal: 

Authorized representative (signature):jrjc-ex4134_710.htm

Exhibit 4.134

Right of First Refusal & Cooperation Agreement 

By and among

Fortune Software (Beijing) Co., Ltd.

Lin Yang

Ying Zhu

 And

Shenzhen Newrand Securities Advisory and Investment Co., Ltd.

 

July 11, 2018

China•Beijing

 

Right of First Refusal & Cooperation Agreement

 

This Right of First Refusal & Cooperation Agreement is entered into on July 11, 2018 in Beijing, China by and among: 

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

Registered address: Suite 07, 7/F, Building 2, 26, 28 and 30 Xuanwumenwai Street, Xicheng District, Beijing

 

Party B: Lin Yang

Address: 9/F, Tower C, International Enterprise Building, 35 Finance Street, Xicheng District, Beijing

ID No.: 371100197603010016

 

Party C: Ying Zhu

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

ID No.: 420103198502153728

 

Party D:  Shenzhen Newrand Securities Advisory and Investment Co., Ltd. 

Registered address: Suite 2704, 27/F, Huarong Mansion, Mintian Road, Futian District, Shenzhen

Legal Representative: Yong Ma 

 

Whereas: 

	
(1)
	
 Party A, a limited liability company duly organized and validly existing in Beijing, provides technical support, strategic consulting and other related services to Party D; Party A has become an important partner of Party D; 

	
(2)
	
In order to financially fund Party B and Party C in their investment in Party D, Party A signed a Loan Agreement on July 11, 2018 respectively with Party B and Party C, providing a loan of RMB39,302,092.16 to Party B and RMB16,843,753.78 to Party C; Party B and Party C invest such loans in Party D and became the shareholders of Party D, holding respectively 70% and 30% of the equities in Party D; 

	
(3)
	
 In order to guarantee Party D’s payment obligation under the agreements entered into by and between Party D and Party A, Party B and Party C signed an Equity Pledge Contract (hereinafter referred to as the “Pledge Contract”) with Party A on July 11, 2018, pledging their respective equities in Party D to Party A; and

	
(4)
	
 Party B and Party C intend to grant the exclusive option to Party A to purchase at any time all or part of the equities/assets of Party D held by Party B and Party C or either of them subject to the satisfaction of the requirements of laws of China. 

The Parties, in the principles of sincere cooperation, equality & mutual benefit and joint development, make and enter into the following agreements through friendly consultation in accordance with applicable laws and regulations of the People’s Republic of China: 

Article 1 Definitions

For the purpose of this Agreement, the following terms shall have the meaning as set forth below: 

	
1.1.
	
Agreement means this Right of First Refusal & Cooperation Agreement and the appendices hereto and the written documents duly entered into by the Parties from time to time for the purpose of amending and supplementing this Agreement; 

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

	
1.3.
	
Date means a certain day in a certain month of a certain year; “within” and “no later than” a certain day in this Agreement include the given day. 

Article 2 Grant and Exercise of Right of First Refusal

	
2.1
	
The Parties agree that Party A shall have the exclusive option to, in compliance with the requirements of applicable laws of China and the provisions hereof (including but not limited to when Party B and/or Party C are/is no longer a director(s) or employee(s) of Party D, or intend(s) to transfer equities to any person who is not a existing shareholder), purchase at any time all or part of Party B’s and/or Party C’s equities or all or part of the assets owned by Party D corresponding to such equities; such option may be exercised by Party A or an eligible entity designated by Party A. Such grant is irrevocable during the term hereof. 

	
2.2
	
Party A may exercise the option by firstly sending a written notice (“Notice of Exercise”) to any of Party B, Party C or Party D. 

	
2.3
	
Party B, Party C or Party D (as the case may be) shall enter into with Party A a contract for transfer of equities/assets and other documents for the implementation of such transfer (collectively referred to as “Transfer 

		
Documents”) (or an eligible entity designated by it) within thirty (30) days after receiving the Notice of Exercise. 

	
2.4
	
If permitted by law and upon Party A makes the decision to exercise the option, Party B, Party C and Party D must unconditionally cooperate with Party A in obtaining and handling all necessary approvals, permits, registrations, filings and other formalities for the transfer. 

Article 3 Representations and Warranties

Each Party hereby represents and warrants to the other Parties that: 

	
3.1
	
each Party hereby represents and warrants to the others Parties that: (1) it has all necessary rights, capacities and authorities to execute this Agreement and perform any and all obligations and responsibilities hereunder; (2) the execution or performance hereof does not breach any significant contract or agreement to which such Party is a party or upon which such Party or its assets is(are) bound. 

	
3.2
	
Party B and Party C represent and warrant to Party A that: (1) he/she is a legally registered shareholder of Party D and has paid in full to Party D its share of the registered capital of Party D pursuant to the requirements of the laws of China; (2) save and except the right of pledge created under the Pledge Contract, Party D’s equities held by him/her is free of any other rights of mortgage, pledge, security interest or encumbrances of other forms; (3) he/she does not sell or offer for sale Party D’s equities to any other parties.  

	
3.3
	
Party D hereby represents and warrants to Party A that: (1) it is a limited liability company established and validly existing under the laws of China; (2) its business operation conforms to the provisions of the laws of China in all material aspects. 

Article 4 Exercise Price

To the extent of being permitted by applicable laws, Party A (or an eligible entity designated by it) shall have the right to purchase, at any time and at the price equal to the sum of the principals lent by Party A to Party B and Party C under the Loan Agreement (RMB 56,145,845.94), Party B’s and/or Party C’s equities held by Party B and Party C or all or part of the assets owned by Party D corresponding to such equities.  If Party A (or an eligible entity designated by it) chooses to purchase part of the equities or assets, the exercise price shall be adjusted appropriately according to the proportion of the equities or assets to be purchased to total equities or assets.  When purchasing, pursuant to the provisions hereof, Party B’s and/or Party C’s equities from Party B and Party C or all or part of the assets owned by Party D corresponding to such equities, Party A (or an eligible entity designated by it) shall have the right to set off the principal oweds by Party B and Party C to Party A under the Loan Agreement against the purchase price payable to Party B and Party C.  When Party A actually purchases the equities or assets from Party B, Party C and Party D pursuant to the provisions hereof, 

if the exercise price stipulated by applicable laws of China or required by competent approving authority is higher than the exercise price agreed above, the exercise price actually paid by Party A shall be subject to the price stipulated by applicable laws or competent approving authority. 

Article 5 Other Agreements

The Parties further agree: 

	
5.1
	
Before Party A (or an eligible entity designated by it) exercises the Right of First Refusal to obtain all equities or assets, Party D may not: 

	
 
	
5.1.1
	
sell, transfer, mortgage or dispose otherwise lawful or beneficial interest in any asset, business or income, or permit the establishment of any other security interest therein (save and except those generated in the normal or routine business process or those that have been disclosed to Party A and approved in writing by Party A); 

	
 
	
5.1.2
	
conclude any transaction that will materially affect its assets, liabilities, operation, equities and other legitimate rights (save and except those generated in the normal or routine business process or those that have been disclosed to Party A and approved in writing by Party A); and 

	
 
	
5.1.3
	
pay out dividends to its shareholders in any form. 

	
5.2
	
Before Party A (or an eligible entity designated by it) exercises the Right of First Refusal to obtain all equities or assets of Party D, Party B and/or Party C may not, separately or jointly: 

	
 
	
5.2.1
	
make any supplementation, amendment or change to or of the constitutional documents of the company in any form, which will materially affect its assets, liabilities, operation, equities and other lawful rights (save and except the proportionate increase of capital carried out to satisfy the requirements of law); 

	
 
	
5.2.2
	
cause Party D to conclude any transaction that will materially affect its assets, liabilities, operation, equities and other lawful rights (save and except those generated in the normal or routine business process or those that have been disclosed to Party A and approved in writing by Party A); and 

	
 
	
5.2.3
	
cause the Shareholders’ Meeting of Party D to adopt resolutions on payout of dividend. 

5.3Upon the execution hereof, Party B and Party C (the “Principals”) shall sign a power of attorney satisfactory to Party A, authorizing the person designated by Party A (hereinafter referred to as the “Trustee”) to exercise on Party A’s behalf all voting rights of Party A as the holder of Party B’s and Party C’s equities, including but not limited to the right to appointment and selection of directors, general manager and other senior 

managers of Party D as the authorized representative of Party B and Party C at the shareholders’ meeting of Party D. The initial term of such power of attorney shall be 20 years, and such term shall be automatically extended upon the expiry of the initial term, unless Party A notifies the Principals in writing to terminate such power of attorney. The aforesaid authorization and entrustment are preconditioned on that the Trustee is a Chinese citizen and an employee of Party A and that Party A gives its consent to such authorization and entrustment. Once the Trustee no longer holds any post in Party A or Party A gives a written notice on replacing the TrusteeParty B and/or Party C will immediately withdraw the entrustment and authorization given to the Trustee, and will designate/authorize another Chinese-citizen employee of Party A to exercise the aforesaid shareholder’s voting power enjoyed by it/them at the shareholders’ meeting of Party D. The Trustee shall perform the Trustee’s obligations prudently and diligently in according with the law within the scope of authorization and shall hold the Principals harmless from and against any loss/damage that may arise out of the authorization and entrustment (save and except the loss/damage suffered by the Principals due to the intentional act or gross negligence of the Principals); otherwise, the Trustee shall assume all legal and economic liabilities to the Principals and Party D in according with the law. 

5.4To the extent as permitted by applicable laws, Party B and Party C will extend the term of operation of Party D correspondingly according to the approved term of operation of Party A to make the extended term of operation of Party D to be the same as that of Party A. 

5.5   If Party D has any necessary demand for funds for operation purpose, Party A will, or will arrange a related company to, finance Party D in such manners as permitted by laws. If the loss suffered by Party D makes it unable to repay the financing, Party A agrees to or to causes the related company to waive the right of recourse with respect to such loan. 

5.6Where Party B and/or Party C perform, as agreed, the obligations under this Agreement and any other business agreements concluded with Party A, if such performance incurs any legal and economic obligations to any institutions and individuals other than Party A, Party A shall give all necessary support so as to enable Party B and/or Party C to perform corresponding obligations in accordance with the law and to hold Party B and/or Party C from and against any loss/damage. 

Article 6 Confidentiality

Without the prior consent of the other Parties, either Party shall maintain the confidentiality of the contents hereof, and may not disclose or release the contents of this Agreement to any other persons, provided that the provisions of this Article will not prohibit (i) any disclosure made pursuant to applicable laws or the rules of any stock exchange; (ii) any disclosure of any information that is publicly known not due to the default of the disclosing party; (iii) any disclosure made by either Party to its shareholders, legal counsels, accountants, financial adviser, or other professional consultants; or (iv) any disclosure made to the potential buyers or other investors of the 

equities/assets of either Party or of the shareholders thereof or to the providers of debt or equity financing, in which case the receiving party shall make appropriate confidentiality undertakings (where the transferring party is not Party A, the consent of Party A shall be obtained). 

Article 7 Governing Law and Liabilities for Breach of Contract

The execution, validity, interpretation, and performance of the Agreement and the resolution of dispute in connection herewith shall be governed by the laws of the People’s Republic of China. 

If either Party hereto breaches the provisions hereof, fails to fully perform this Agreement, or makes any material concealment or major omission of fact, or makes any false representations and warranties herein, or fails to perform the warranties made by it, such Party shall constitute a breach of contract, and shall assume corresponding liabilities for breach of contract in according with the law. 

Article 8 Dispute Resolution

	
8.1
	
Any dispute arising with respect to the performance hereof shall be resolved by the disputing Parties through friendly consultation; should the consultation fail, the Parties may institute the arbitration proceedings;  

	
8.2
	
The dispute shall be submitted to the China International Economic and Trade Arbitration Commission, Beijing Arbitration Center for arbitration in Beijing according to the arbitration procedures then in force; 

	
8.3
	
The award of the arbitration commission shall be final and binding on the Parties hereto. The arbitration cost (including but not limited to the arbitration fee and attorney’s fee) shall be borne by the losing Party, unless otherwise specified in the arbitration award. 

Article 9 Effectiveness of Agreement

This Agreement shall become and remain effective after being signed by the Parties. 

Party A may rescind this Agreement by giving a thirty (30) days’ prior notice to the other Parties.  Except for the foregoing, no Party may unilaterally rescind this Agreement without the consensus reached by the other Parties through consultation. 

Article 10 Amendment to Agreement

Upon the effectiveness of this Agreement, the Parties shall faithfully perform under this Agreement. Any amendment hereto shall be invalid unless it is agreed upon in writing by consensus through consultation and subject to the necessary authorizations and approvals obtained by Party A and Party D respectively. 

Article 11 Counterparts

This Agreement is made in quadruplicate, with Party A, Party B, Party C and Party D each holding one copy.  

Article 12 Supplementary Provisions

	
12.1
	
The obligations, commitments and liabilities of Party B and Party C under this Agreement are all separate and joint, and Party B and Party C will be liable to each other jointly and separately. As for Party A, a violation on the part of Party B or Party C will consistute a violation committed by the other automatically.

	
12.2
	
The titles and headings of this Agreement are for convenience only and may not affect the contents and interpretation of the body of the Agreement.  

	
12.3
	
For any matter not stated herein, the Parties shall make and conclude a supplementary agreement, which shall serve as an appendix hereto and shall have the same legal effect with this Agreement. 

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[This page is intentionally left blank for signature] 

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

 

Company seal: 

Authorized representative (signature): 

 

Party B: Lin Yang

Signature:

 

Party C: Ying Zhu

Signature: 

 

 

Party D: Shenzhen Newrand Securities Advisory and Investment Co., Ltd.

Company seal: 

Authorized representative (signature):

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