Document:

Exhibit 4.26

 

Business Operations Agreement

 

This Business Operations Agreement (this “Agreement”) is made as of August 25, 2016, in Beijing, the People’s Republic of China (the “PRC”) by and among:

 

Beijing Jingdong Century Trade Co., Ltd., with registered address at Room B168, Building 2, 99 Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing (“Party A”)

 

Beijing Jiasheng Investment Management Co., Ltd., with registered address at Floor 20, Block A, Building 1, 19 Ronghua Middle Street, Beijing Economic and Technological Development Zone, Beijing (“Party B”)

 

And

 

Richard Qiangdong Liu, with PRC identification number of  ***;

 

Yayun Li, with PRC identification number of ***; and

 

Pang Zhang, with PRC identification number of ***

 

(Richard Qiangdong Liu, Yayun Li and Pang Zhang collectively, “Party C”)

 

(Party A, Party B and Party C Individually a “Party”, and collectively the “Parties”)

 

WHEREAS:

 

A                                       Party A is a wholly foreign-owned enterprise duly incorporated and validly existing under the PRC laws;

 

B                                       Party B is a limited liability company duly incorporated and validly existing under the PRC laws;

 

C                                       A business relationship has been established between Party A and Party B by entering into an Exclusive Consulting and Services Agreement, whereby Party B is required to make all payments to Party A thereunder. Therefore, the daily operations of Party B will have a material impact on its ability to pay the payables to Party A; and

 

D                                       Party C is shareholders of Party B whose 45%, 30% and 25% equity interests are respectively owned by Richard Qiangdong Liu, Yayun Li and Pang Zhang.

 

NOW, THEREFORE, the Parties hereby agree and intend to be legally bound as follows through friendly negotiations and in the principles of equity and mutual benefit:

 

 

1.                                      Negative Undertakings

 

In order to ensure Party B’s performance of the agreements between Party A and Party B and all its obligations owed to Party A, Party B and Party C hereby confirm and agree that unless with prior written consent from Party A or a third party appointed by Party A, Party B shall not conduct any transaction which may materially affect any of its assets, businesses, employees, duties, rights or operations, including but not limited to the following:

 

1.1                               to conduct any business that is beyond the normal business scope or in a manner inconsistent with past practices;

 

1.2                               to borrow money or incur any debt from any third party;

 

1.3                               to change or dismiss any director or to dismiss and replace any senior management member;

 

1.4                               to sell to or acquire from any third party, or otherwise dispose any of its material assets or rights, including but not limited to any intellectual property rights;

 

1.5                               to provide guarantee in favor of any third party or impose any encumbrance upon any of its assets (including intellectual property rights);

 

1.6                               to amend its articles of association or change its scope of business;

 

1.7                               to change its ordinary course of business or modify any material internal bylaws or systems;

 

1.8                               to assign any of the rights or obligations under this Agreement to any third party;

 

1.9                               to make significant adjustment to any of its business operations, marketing strategies, operation policies or client relations; and

 

1.10                        to make any form of distribution of dividend or bonus.

 

2.                                      Operational and Human Resource Management

 

2.1                               Party B and Party C hereby agree to accept and strictly perform the comments and instructions from Party A from time to time regarding employment and dismissal of its employees, the daily business management and financial management.

 

2.2                               Party B and Party C hereby jointly and severally agree that Party C shall appoint the person elected in accordance with the procedures required by applicable laws and regulations and the articles of association of Party B or designated by Party A as director (or managing director) or supervisor of Party B, and cause such director to elect the person recommended by Party A as the chairman of the board (if any), and appoint the persons designated by Party A as Party B’s General Manager, Chief Financial Officer, and other officers.

 

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2.3                               If any of the above directors or officers resigns or is dismissed by Party A, he or she will lose the qualification to hold any position in Party B and, under such circumstance, Party C shall remove such person from his or her position in Party B and immediately elect or appoint any other candidate designated by Party A to assume such position.

 

2.4                               For the purpose of Section 2.3, Party C shall effect all internal or external procedures necessary to accomplish the dismissal and appointment in accordance with relevant laws and regulations, the articles of association of Party B and this Agreement.

 

2.5                               Party C hereby agree to, upon execution of this Agreement, simultaneously sign a Power of Attorney whereby Party C shall authorize irrevocably any individual  appointed by Party A to exercise shareholders’ rights, including the full voting right of a shareholder at Party B’s shareholders’ meetings.  Party C further agrees to replace the authorized person appointed according to the above mentioned power of attorney (the “Trustee”) at any time pursuant to the requirements of Party A by revoking its authorization to the Trustee and granting the same authorization to such other person designated by Party A by execution of a power of attorney in the form and substance similar to that contemplated in the preceding sentence with immediate effect.

 

3.                                      Right of Information

 

The Trustee may be provided with any information regarding operations, clients, financial conditions and employees of Party B and have access to relevant materials of Party B in connection with exercising any of the rights authorized to it.  The right of information provided in this Section 3 shall be the same with the right to access Party B’s information by any of its shareholders, and will be exercised with sufficient facility from Party B without any interference.

 

4.                                      Waiver

 

It is agreed by the Parties that unless caused by the material neglect or willful misconduct of Party A, Party A will not be held liable for any indemnity by any other Party or any third Party due to the Trustee’s exercise of any of its rights.

 

5.                                      Representations and Warranties by Party C

 

5.1                               Party C, in the capacity of natural person, is Chinese citizens having full civil capabilities to execute, deliver and perform this Agreement and perform its obligations hereunder or, in the capacity of legal person, is a limited liability company duly incorporated and validly existing under the PRC laws, has full and independent capabilities to execute, deliver and perform this Agreement.

 

5.2                               Party C has the right to execute, deliver and perform this Agreement without any approval or authorization.

 

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5.3                               None of Party C’s execution and performance of this Agreement is in violation of any of its articles of association, or any laws, regulations, governmental approvals, authorizations, notices or other documents binding upon or having effect upon Party C, or any contracts with or any covenants to any third party by Party C.

 

5.4                               Once executed, this Agreement will constitute legal and valid obligations enforceable against Party C.

 

5.5                               Unless otherwise provided under this Agreement or the Equity Pledge Agreement, there is no mortgage, pledge or any other security interest, or restrictive agreement with any third party, or offer to transfer to any third party, or covenant in response to any offer to buy from any third party, or any agreement with any third party to transfer, in each case regarding any of Party B’s equity interests by Party C.

 

5.6                               Party C will be in strict compliance with this Agreement and actively perform its obligations hereunder.  Party C will also cause Party B to be in strict compliance with this Agreement and refrain from any action or omission which may affect validity or enforceability of this Agreement.

 

6.                                      Representations and Warranties by Party B

 

6.1                               Party B is a limited liability company duly incorporated and validly existing under the PRC laws.

 

6.2                               Party B has received all consents and authorizations necessary and desirable to execute, deliver and perform this Agreement.

 

6.3                               Party C will be in strict compliance with this Agreement, actively perform its obligations hereunder, and refrain from any action or omission which may affect validity or enforceability of this Agreement.

 

7.                                      Breach Liability

 

7.1                               Subject to provisions under Section 4 of this Agreement, Party B and Party C shall jointly and severally indemnify and hold harmless Party A and any of its shareholders, directors, employees, affiliates, agents, successors and trustees from any claim, harm, expenses, indemnities, liabilities, fines or any other loss or damages arising from:

 

7.1.1                     any breach or failure to perform this Agreement by Party C and/or Party B; or

 

7.1.2                     any material neglect or willful misconduct, or any breach of applicable laws or regulations by Party C and/or Party B.

 

7.2                               Without prejudice to the indemnity liability provided under Section 7.1, Party A may require Party C and Party B to stop or prevent any breach of this Agreement, and/or require Party C and Party B to perform its obligations under this Agreement.

 

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8.                                      Confidentiality

 

Each of the Parties acknowledges and confirms that the existence and terms of this Agreement, as well as any oral or written information exchanged among the Parties in connection with preparation or performance of this Agreement, will be confidential information.  Each of Party C and party B will keep all confidential information in confidence and, without prior written consent from Party A, may not disclose any confidential information to any third party, unless such information (a) is in the public domain (not due to unauthorized disclosure by the receiving Party); (b) is required for disclosure by any applicable laws or regulations, rules of any exchange, or requirements or orders from any government authority or court having jurisdiction; or (c) is disclosed by Party C or Party B to any of its legal or financial advisors on as-needed basis, provided that such legal or financial advisor shall comply with the confidentiality obligations similar to this Section 8.  Disclosure of any confidential information by any person or entity engaged by Party C or Party B shall be deemed as disclosure of such information by Party C and/or Party B, and consequently Party C and/or Party B shall be held liable for beach of this Agreement.

 

9.                                      Other Agreements

 

9.1                               This Agreement shall be binding on and inure to the benefit of each of the Parties and their respective successors, heirs and permitted assigns.  Without prior written consent from Party A, Party C may not transfer any of its rights, interests or obligations under this Agreement.

 

9.2                               Party C hereby agrees that Party A may transfer any of its rights and obligations under this Agreement to any third party at its discretion with notice to Party C in writing but without consent from Party C.

 

9.3                               If any agreement between Party A and Party B terminates or expires, Party A will have the right to terminate all of the agreements between Party A and Party B including, among others, the Exclusive Consulting and Services Agreement.

 

9.4                               Considering the business relationship between Party A and Party B has been established through execution of the Exclusive Consulting and Services Agreement, and daily business activities of Party B will have a material impact on Party B’s ability to pay the payables to Party A, Party C agrees that subject to Section 1 of this Agreement, any dividend, distribution or other gain or interest received by it as shareholder of Party B will be immediately, unconditionally and freely paid or transferred to Party A, and provide any document or take any action necessary to accomplish such payment or transfer at the request of Party A.

 

9.5                               Party C will provide assistance sufficient for the Trustee to exercise any right authorized to it, including without limitation prompt signing any resolution of the shareholders or any other relevant legal document when it is necessary to do so (including required in connection with any approval, registration and filing from or with any government authority).  Party C hereby confirms that its covenants under Section 9.5 of this Agreement will not restrict its authorization of any right to the Trustee.

 

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10.                               Entire Agreements and Amendments

 

10.1                        This Agreement and all agreements and/or documents referred to or expressly included herein represent all agreements among the Parties regarding the subject matter hereof, and supersede all previous agreements, contracts, understandings and communications among all the Parties, oral or written, with respect to the subject matters of this Agreement.

 

10.2                        Any amendment of this Agreement will not be effective without agreement of the Parties in writing. Any amendment and supplement duly executed by the Parties shall be an integral part of and have the same effect with this Agreement.

 

11.                               Governing Law

 

This Agreement shall be governed by and construed in accordance with the PRC laws.

 

12.                               Dispute Resolution

 

12.1                        Any dispute arising from or in connection with this Agreement will be settled through negotiations and, if the negotiations fail, be submitted to Beijing Arbitration Commission (“BAC”) for arbitration in accordance with its rules then effect.  The arbitration shall take place in Beijing. The language of arbitration shall be in Chinese. The arbitrary award shall be final and binding upon each of the Parties.  This Section 12.1 will survive termination or expiration of this Agreement.

 

12.2                        each of the Parties shall continue to perform its obligations under this Agreement in good faith other than the matter under dispute.

 

13.                               Notice

 

Any and all notices given by any of the Parties regarding any of its rights or obligations under this Agreement shall be made in writing and delivered in person, by registered mail, postage prepaid mail, recognized courier service or facsimile to the following addresses.

 

If to Party A: Beijing Jingdong Century Trade Co., Ltd.

 

	
Address:
    	
***
    
	
 
    	
***
    
	
Phone:
    	
***
    
	
Fax:
    	
***
    

 

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Attention:
    	
***
    

 

If to Party B: Beijing Jiasheng Investment Management Co., Ltd. with registered address at

 

	
Address:
    	
***
    
	
 
    	
***
    
	
Phone: 
    	
***
    
	
Fax:
    	
***
    
	
Attention: 
    	
***
    

 

If to Party C:

 

Richard Qiangdong Liu

 

	
Address:
    	
***
    
	
 
    	
***
    
	
Phone: 
    	
***
    
	
Fax:
    	
***
    

 

Yayun Li

 

	
Address:
    	
***
    
	
 
    	
***
    
	
Phone: 
    	
***
    
	
Fax:
    	
***
    

 

Pang Zhang

 

	
Address:
    	
***
    
	
 
    	
***
    
	
Phone: 
    	
***
    
	
Fax:
    	
***
    

 

14.                               Effect, Term and Others

 

14.1                        Any written consent, proposal, appointment relating to Party A under this Agreement and any other decision having material effect upon daily business operations of Party B will be made by the board of directors/managing director of Party A.

 

14.2                        The term of this Agreement will commence as of the date hereof and, unless early terminated by Party A, expire upon dissolution of Party B under the PRC laws.  At the request of Party A, the Parties may extend the term of this Agreement prior to its expiration, and enter into separate business operation agreement or continue to perform this Agreement, in each case at the request of Party A.

 

14.3                        Neither Party B nor Party C may terminate this Agreement during the term hereof.  Party A shall have the right to terminate this Agreement at any time with written notice to Party B and Party C no less than thirty (30) days in advance.

 

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14.4                        It is confirmed by the Parties that this Agreement represent their fair and reasonable agreements made on the basis of equity and mutual benefits.   If any clause hereof is held invalid or unenforceable under applicable laws, such clause shall be deemed to have been deleted from this Agreement and invalid, and the remainder of this Agreement will continue to have effect and be deemed to have excluded such clause. The Parties will negotiate to replace the deleted clause with legal, valid one acceptable to each of the Parties.

 

14.5                        Any failure or delay on the part of any Party to exercise any rights, powers or privileges hereunder shall not operate as a waiver thereof. Any single or partial exercise of such rights, powers or privileges shall not preclude any further exercise of such rights, powers or privileges.

 

14.6                        This Agreement is in four originals with each Party holding one thereof.  Each of the originals has the same effect.

 

[Remaining intentionally left blank]

 

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IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed on their behalf by a duly authorized representative as of the date first written above.

 

PARTY A: BEIJING JINGDONG CENTURY TRADE CO., LTD.

 

	
/s/ Beijing Jingdong Century   Trade Co., Ltd.
    	
 
    
	
(Seal of Beijing Jingdong   Century Trade Co., Ltd.)
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Richard Qiangdong Liu
    	
 
    

 

PARTY B: BEIJING JIASHENG INVESTMENT MANAGEMENT CO., LTD.

	
/s/ Beijing Jiasheng   Investment Management Co., Ltd.
    	
 
    
	
(Seal of Beijing Jiasheng   Investment Management Co., Ltd.)
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Pang Zhang
    	
 
    

 

PARTY C:

 

	
By:
    	
/s/ Richard Qiangdong Liu
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Yayun Li
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Pang Zhang
    	
 
    

 

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Schedule A

 

The following schedule sets forth all other similar agreements the registrant entered into with the relevant Chinese variable interest entity. Other than the information set forth below, there is no material difference between such other agreements and this exhibit.

 

	
VIE
    	
 
    	
Executing Parties
    	
 
    	
Execution Date
    
	
Beijing Yuanyi Freight Forwarding Co., Ltd.
    	
 
    	
Party A: Beijing Jingbangda Trade Co., Ltd.

 

Party B: Beijing Yuanyi Freight Forwarding   Co., Ltd.

 

Party C: Richard Qiangdong Liu, Yayun Li and Pang   Zhang
    	
 
    	
January 5, 2017
    
	
Jiangsu Jingdong Bangneng Investment Management   Co., Ltd.
    	
 
    	
Party A: Beijing Jingdong Century Trade   Co., Ltd.

 

Party B: Jiangsu Jingdong Bangneng Investment   Management Co., Ltd.

 

Party C: Richard Qiangdong Liu, Yayun Li and Pang   Zhang
    	
 
    	
September 8, 2016
    
	
Suqian Limao Donghong Investment Management   Co., Ltd.
    	
 
    	
Party A: Suqian Yitong Information Technology   Co., Ltd.

 

Party B: Suqian Limao Donghong Investment Management   Co., Ltd.

 

Party C: Richard Qiangdong Liu and Yayun Li
    	
 
    	
December 28, 2016
    
	
Beijing Andist Technology Co., Ltd.
    	
 
    	
Party A: Beijing Jingdong Century Trade   Co., Ltd.

 

Party B: Beijing Andist Technology Co., Ltd.

 

Party C: Richard Qiangdong Liu, Yayun Li and Pang   Zhang
    	
 
    	
December 1, 2016
    
	
Shanghai Jingdong Cai’ao E-commercial Co., Ltd.
    	
 
    	
Party A: Beijing Jingdong Century Trade   Co., Ltd.

 

Party B: Shanghai Jingdong Cai’ao E-commercial   Co., Ltd.

 

Party C: Richard Qiangdong Liu, Yayun Li and Pang   Zhang
    	
 
    	
December 20, 2016
    
	
Xi’an   Jingdong Xincheng Information Technology Co., Ltd.
    	
 
    	
Party A: Xi’an Jingxundi Supply Chain Technology   Co., Ltd.

 

Party B: Xi’an Jingdong Xincheng Information   Technology Co., Ltd.

 

Party C: Richard Qiangdong Liu, Pang Zhang and   Yayun Li
    	
 
    	
June 23,   2017
    
	
Suzhou   Guanyinghou Media Technology Co., Ltd.
    	
 
    	
Party A: Suqian Daxi Information Technology   Co., Ltd.

 

Party B: Suzhou Guanyinghou Media Technology   Co., Ltd.

 

Party   C: Qian Yang
    	
 
    	
December 11,   2017
    

 

10Exhibit 4.27

 

EXCLUSIVE PURCHASE OPTION AGREEMENT

 

This EXCLUSIVE PURCHASE OPTION AGREEMENT (this “Agreement”), dated August 25, 2016, is made in Beijing, People’s Republic of China (the “PRC”) by and among:

 

Party A:  Beijing Jingdong Century Trade Co., Ltd., a wholly foreign owned company incorporated in the PRC with registered address at Room B168, Building 2, No. 99, Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing;

 

Party B: Richard Qiangdong Liu, with PRC identification number of  ***;

 

Yayun Li, with PRC identification number of ***; and

 

Pang Zhang, with PRC identification number of ***

 

And

 

Party C: Beijing Jiasheng Investment Management Co., Ltd., a limited liability company incorporated and existing under the laws of the PRC, with registered address at Floor 20, Block A, Building 1, 19 Ronghua Middle Street, Beijing Economic and Technological Development Zone, Beijing.

 

(Party A, Party B and Party C individually being referred to as a “Party” and collectively the “Parties”)

 

Whereas,

 

1.                                      Party C is a limited liability company duly incorporated and validly existing under the PRC laws. Party B has an aggregate holding of 100% equity interests in Party C, with Richard Qiangdong Liu, Yayun Li and Pang Zhang holding 45%, 30% and 25% thereof, respectively;

 

2.                                      Party B and Party C have made a Loan Agreement (the “Loan Agreement”) and an Equity Pledge Agreement (the “Equity Pledge Agreement”) dated June 15, 2016; and

 

NOW, THEREFORE, the Parties hereby agree as follows through negotiations:

 

1.                                      Purchase and Sale of Equity Interests

 

1.1                               Grant of Right

 

Party B hereby exclusively and irrevocably grants Party A an exclusive option to purchase or designate one or several person(s) (the “Designated Person”) to purchase all or any part of the equity interests held by Party B in Party C (the “Purchase Option”) at any time from Party B at the price specified in Article 1.3 of this Agreement in accordance with the procedures determined by Party A at its own discretion and to the extent permitted by the PRC laws. No party other than Party A and the Designated Person may have the Purchase Option. Party C hereby agrees Party B to grant the Purchase Option to Party A. For purpose of this Section 1.1 and this Agreement, “person” means any individual, corporation, joint venture, partnership, enterprise, trust or non-corporation organization.

 

 

1.2                               Procedures

 

Party A may exercise the Purchase Option subject to its compliance with the PRC laws and regulations.  Upon exercising the Purchase Option, Party A will issue a written notice (the “Equity Interest Purchase Notice”) to Party B which notice will specify: (i) Party A’s decision to exercise the Purchase Option; (ii) the percentage of equity interest to be purchased from Party B (the “Purchased Equity Interest”); (iii) the date of purchase/equity interest transfer, and (iv) and the purchase price.

 

1.3                               Purchase Price

 

1.3.1                     When Party A exercises the Purchase Option, the purchase price of the Purchased Equity Interest (“Purchase Price”) shall be equal to the registered capital paid by Party B for the Purchased Equity Interest, unless applicable PRC laws and regulations require appraisal of the Purchased Equity Interest or any other restriction on the Purchase Price.

 

1.3.2                     If applicable PRC laws require appraisal of the Purchased Equity Interest or any other restrictions on the Purchase Price in connection with exercise of the Purchase Option by Parties A, Party A and Party B agree that the Purchase Price of the Purchased Equity Interest shall be the lowest price permissible under applicable laws. If the lowest price permissible under applicable laws is higher than the registered capital corresponding to the Purchased Equity Interest, the amount of the exceeding balance shall be repaid to Party A by Party B according to the Loan Agreement.

 

1.4                               Transfer of the Purchased Equity Interest

 

When Party A exercises the Purchase Option:

 

1.4.1                     Party B shall cause Party C to promptly convene a shareholders’ meeting, during which a resolution shall be adopted to approve transfer of the equity interest to Party A and/or the Designated Person and waiver of its right of first refusal regarding the Purchased Equity Interest by Party B;

 

1.4.2                     Party B shall enter into an equity interest transfer agreement with Party A and/ or the Designated Person pursuant to the terms and conditions of this Agreement and the Purchase Notice;

 

1.4.3                     The Parties shall execute all other contracts, agreements or documents, obtain all governmental approvals and consents, and conduct all actions that are necessary to transfer the ownership of the Purchased Equity Interest to Party A and or the Designated Person free from any security interest and cause Party A and/or the Designated Person to be registered as the owner of the Purchased Equity Interest. For the purpose of this Section l.4.3 and this Agreement, “Security Interest” includes guarantees, mortgages, pledges, third-party rights or interests, any purchase option, right of acquisition, right of first refusal, right of set-off, ownership detainment or other security arrangements, but excludes any security interest arising from this Agreement or the Equity Pledge Agreement.

 

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1.4.4                     Party B and Party C shall unconditionally use its best efforts to assist Party A in obtaining the governmental approvals, permits, registrations, filings and complete all formalities necessary for the transfer of the Purchased Equity Interest.

 

2.                                      Covenants regarding the Equity Interest

 

2.1                               Party C hereby covenants that:

 

2.1.1                     Without prior written consent by Party A, it will not supplement, change or amend the Articles of Association, increase or decrease the registered capital, or otherwise change the registered capital structure of Party C;

 

2.1.2                     It will maintain due existence of Party C, prudently and effectively operate and handle its business in accordance with fair financial and business standards and customs;

 

2.1.3                     Without prior written consent of Party A and as of the date of this Agreement, it will not sell, transfer, pledge or otherwise dispose any legal or beneficial interest of any assets, businesses or income of Party C, or permit existence of such security interest;

 

2.1.4                     Without prior written consent by Party A, it will not incur, inherit, guarantee or allow the existence of any debt, except for (i) any debt incurred during its ordinary course of business rather than from borrowing; and (ii) any debt which has been disclosed to and obtained the written consent from Party A;

 

2.1.5                     It will continue all business operations normally to maintain its asset value, and refrain from any action/omission that may adversely affect its business operations and asset value;

 

2.1.6                     Without prior written consent by Party A, not to enter into any material agreement, other than those executed in the ordinary course of business;

 

2.1.7                     Without prior written consent by Party A, it will not provide any loan or guaranty to any person;

 

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2.1.8                     Upon Party A’s request, it will provide Party A with information regarding its operations and financial conditions;

 

2.1.9                     It will buy and maintain requisite insurance policies from an insurer acceptable to Party A, the amount and type of which will be the same with such insurance policies maintained by the companies having similar operations, properties or assets in the same region;

 

2.1.10              Without prior written consent by Party A, it will not combine, merge with, acquire or make investment to any person;

 

2.1.11              It will immediately notify Party A of any actual or potential litigation, arbitration or administrative proceeding regarding its assets, business and income;

 

2.1.12              In order to keep its ownership of the equity interest of Party C, it will execute all requisite or appropriate documents, conduct all requisite or appropriate actions, and make all requisite or appropriate claims, or make requisite or appropriate defense against all claims; and

 

2.1.13              Without prior written consent by Party A, it will not distribute any dividend or bonus to any of its shareholders.

 

2.2                               Party B hereby covenants that:

 

2.2.1                     Without prior written consent by Party A, it will not supplement, change or amend the Articles of Association, increase or decrease the registered capital, or otherwise change the registered capital structure of Party C;

 

2.2.2                     Without the prior written consent by Party A, it will not sell, transfer, pledge or otherwise dispose any legal or beneficial interest of the equity interests of Party C held by it, or allow other security interests to be created on it, except for the pledge set upon Party C’s equity interests held by Party B pursuant to the Equity Pledge Agreement;

 

2.2.3                     It will procure that without prior written consent by Party A, no resolution be made at any meeting of Party C’s shareholders to approve Party C to sell, transfer, pledge or otherwise dispose any legal or beneficial interest of the equity interests of Party C held by it, or allow other security interests to be created on it, except for the pledge set upon Party C’s equity interests held by Party B pursuant to the Equity Pledge Agreement;

 

2.2.4                     It will procure that without prior written consent by Party A, no resolution be made at any meeting of Party C’s shareholders to approve merger, consolidation, purchase or investment with or any person by Party C;

 

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2.2.5                     It will immediately notify Party A of any actual or potential litigation, arbitration or administrative proceeding regarding its assets, business and income;

 

2.2.6                     It will cause Party C’s shareholders’ meeting to vote for the transfer of the Purchased Equity Interest provided hereunder;

 

2.2.7                     In order to keep its ownership of the equity interests of Party C. it will execute all requisite or appropriate documents, conduct all requisite or appropriate actions, and make all requisite or appropriate claims, or make requisite or appropriate defense against all claims;

 

2.2.8                     At the request of Party A, it will appoint any person nominated by Party A to the board of Party C;

 

2.2.9                     At the request of Party A at any time, it will transfer unconditionally and immediately the Purchased Equity Interest to Party A or any Designated Person and waive the right of first refusal regarding the Purchased Equity Interest. If the equity interest of Party C could by sold or transferred to any party other than Party A or the Designated Person, Party B may not waive its right of first refusal without Party A’s consent;

 

2.2.10              It will strictly comply with the provisions of this Agreement and other agreements jointly or severally executed by any of the Parties, duly perform all obligations under such agreements, and will not make any act or omission which may affect the validity and enforceability of these agreements; and

 

2.2.11              It irrevocably undertakes to be severally and jointly liable for the obligations provided hereunder.

 

3.                                      Representations and Warranties

 

Each of Party B and Party C represents and warrants, jointly and severally, to Party A that as of the date of this Agreement:

 

3.1                               It has the rights and powers to execute and deliver this Agreement and any equity interest transfer agreement (the “Transfer Agreement”) executed for each transfer of the Purchased Equity Interest contemplated hereunder to which it is a party, and perform its obligations under this Agreement and any Transfer Agreement. Once executed, this Agreement and the Transfer Agreement to which it is a party will be its legal, valid and binding obligations and enforceable against it according to the terms of this Agreement and the Transfer Agreement.

 

3.2                               None of its execution, delivery and performance of this Agreement or any Transfer Agreement will: (i) breach any applicable PRC laws; (ii) conflict with its articles of association or any other organizational documents; (iii) breach any agreement or document to which it is a party or binding upon it, or constitute breach of any such agreement or document; (iv) breach any condition on which basis any of its permits or approvals is granted and/or will continue to be effective; or (v) cause any of its permits or approvals to be suspended, cancelled or imposed with additional conditions.

 

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3.3                               Party B has good and entire ownership of and creates no security interest or encumbrance upon any of its assets,

 

3.4                               Party C has no outstanding debt, except for those (i) incurred during its ordinary course of business, and (ii) disclosed to and approved in writing by Party A.

 

3.5                               Party C is in compliance with all applicable laws and regulations.

 

4.                                      Effectiveness and Term

 

4.1                               This Agreement shall be effective as of the date of its execution. The Parties agree and confirm that the effect of this Agreement shall retrospect to August 25, 2016. Once effective, this Agreement will replace the Original Exclusive Purchase Option Agreement.

 

4.2                               The term of this Agreement is ten (10) years. This Agreement may be extended for another ten (10) years upon Party A’s written confirmation prior to the expiration of this Agreement, and so forth thereafter.

 

4.3                               During the term provided in Section 4.2, if Party A or Party C is terminated at expiration of their respective operation term (including any extension of such term) or by any other reason, this Agreement shall be terminated upon such termination.

 

5.                                      Termination

 

5.1                               At any time during the term of this Agreement and any extended term hereof, if Party A can not exercise the Purchase Option pursuant to Section 1 due to then applicable laws, Party A can, at its own discretion, unconditionally terminate this Agreement by issuing a written notice to Party B without any liability.

 

5.2                               If Party C is terminated due to bankruptcy, dissolution or being ordered to close down by the laws during the term of this Agreement and its extension period„ the obligations of Party B hereunder shall be terminated upon the termination of Party C; notwithstanding anything to the contrary, Party B shall immediately repay the principal and any interest accrued thereupon under the Loan Agreement.

 

5.3                               Except under circumstances indicated in Section 5.2, Party B may not unilaterally terminate this Agreement at any time during the term and extension periods of this Agreement without Party A’s written consent.

 

6

 

6.                                      Taxes and Expenses

 

Each Party shall bear any and all taxes, costs and expenses related to transfer and registration as required by the PRC laws incurred by or imposed on such Party arising from the preparation and execution of this Agreement and the consummation of the transaction contemplated hereunder.

 

7.                                      Breach of Contract

 

7.1                               If either Party (“Defaulting Party”) breaches any provision of this Agreement, which causes damage to other Parties (“Non-defaulting Party”), the Non-defaulting Party could notify the Defaulting Party in writing and request it to rectify and correct such breach of contract; if the Defaulting Party fails to take any action satisfactory to the Non-defaulting Party to rectify and correct such breach within fifteen (15) days upon the issuance of the written notice by the Non-defaulting Party, the Non-defaulting Party may take the actions pursuant to this Agreement or take other remedies in accordance with the laws.

 

7.2                               The following events shall constitute a default by Party B:

 

(1)                                 Party B breaches any provision of this Agreement, or any representation or warranty made Party B under this Agreement is untrue or proves inaccurate in any material aspect;

 

(2)                                 Party B assigns or otherwise transfers or disposes of any of its rights under this Agreement without the prior written consent by Party A; or

 

(3)                                 Any breaches by Party B which renders this Agreement, the Loan Agreement, and the Equity Pledge Agreement unenforceable.

 

7.3                               Should a breach of contract by Party B or violation by Party B of the Loan Agreement and the Equity Pledge Agreement occur, Party A may:

 

(1)                                 request Party B to immediately transfer all or any part of the Purchased Equity Interests to Party A or the Designated Person pursuant to this Agreement; and

 

(2)                                 recover the principal and the interest accrued thereupon under the Loan Agreement.

 

8.                                      Notices

 

Notices or other communications required to be given by any Party pursuant to this Agreement shall be made in writing and delivered personally or sent by mail or facsimile transmission to the addresses of the other Parties set forth below or other designated addresses notified by such other Parties to such Party from time to time. The date when the notice is deemed to be duly served shall be determined as the follows: (a) a notice delivered personally is deemed duly served upon the delivery; (b) a notice sent by mail is deemed duly served on the seventh (7th) day after the date when the air registered mail with postage prepaid has been sent out (as is shown on the postmark), or the fourth (4th) day after the delivery date to the internationally recognized courier service agency; and (c) a notice sent by facsimile transmission is deemed duly served upon the receipt time as is shown on the transmission confirmation of relevant documents.

 

7

 

	
If to Party A: Beijing   Jingdong Century Trade Co., Ltd.
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
***
    
	
 
    	
 
    	
***
    
	
 
    	
 
    	
***
    
	
Phone: ***
    
	
Fax: ***
    
	
Attention: ***
    

 

	
If to Party B:
    
	
 
    
	
Richard Qiangdong Liu
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
***
    
	
 
    	
 
    	
***
    
	
 
    	
 
    	
***
    
	
Phone: ***
    
	
Fax: ***
    

 

	
Pang Zhang
    
	
 
    
	
Address:
    	
 
    	
***
    
	
 
    	
 
    	
***
    
	
 
    	
 
    	
***
    
	
Phone: ***
    
	
Fax: ***
    

 

	
Yayun Li
    
	
 
    
	
Address:
    	
 
    	
***
    
	
 
    	
 
    	
***
    
	
 
    	
 
    	
***
    
	
Phone: ***
    
	
Fax: ***
    

 

	
If to Party C:   Beijing Jiasheng Investment Management Co., Ltd.
    
	
 
    
	
Address:
    	
 
    	
***
    
	
 
    	
 
    	
***
    
	
 
    	
 
    	
***
    
	
Phone: ***
    
	
Fax: ***
    
	
Attention: ***
    

 

8

 

9.                                      Applicable Law and Dispute Resolution

 

9.1                               The formation, validity, performance and interpretation of this Agreement and the disputes resolution under this Agreement shall be governed by the PRC laws.

 

9.2                               The Parties shall strive to settle any dispute arising from or in connection with this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after the request for consultation is made by any Party, any Party can submit such matter to Beijing Arbitration Commission for arbitration in accordance with its then effective rules. The arbitration shall take place in Beijing. The arbitration award shall be final and binding upon all the Parties.

 

10.                               Confidentiality

 

All Parties acknowledge and confirm that any oral or written materials exchanged by and between the Parties in connection with this Agreement are confidential. All Parties shall keep in confidence all such information and not disclose it to any third party without prior written consent from other Parties unless (a) such information is known or will be known by the public (except by disclosure of the receiving party without authorization); (b) such information is required to be disclosed in accordance with applicable laws or rules or regulations; or (c) if any information is required to be disclosed by any party to its legal or financial advisor for the purpose of the transaction of this Agreement, such legal or financial advisor shall also comply with the confidentiality obligation similar to that stated hereof. Any disclosure by any employee or agency engaged by any Party shall be deemed the disclosure of such Party and such Party shall assume the liabilities for its breach of contract pursuant to this Agreement. This Article shall survive expiration or termination of this Agreement.

 

11.                               Miscellaneous

 

11.1                        The headings contained in this Agreement are for the convenience of reference only and shall not be used to interpret, explain or otherwise affect the meaning of the provisions of this Agreement.

 

11.2                        The Parties agree to promptly execute any document and take any other action reasonably necessary or advisable to perform provisions and purpose of this Agreement.

 

11.3                        The Parties confirm that this Agreement shall, upon its effectiveness, constitute the entire agreement and common understanding of the Parties with respect to the subject matters herein and fully supersede all prior verbal and/or written agreements and understandings with respect to the subject matters herein.

 

11.4                        The Parties may amend and supplement this Agreement in writing. Any amendment and/or supplement to this Agreement by the Parties is an integral part of and has the same effect with this Agreement

 

9

 

11.5                        This Agreement shall be binding upon and for the benefit of all the Parties hereto and their respective inheritors, successors and the permitted assigns.

 

11.6                        Any Party’s failure to exercise the rights under this Agreement in time shall not be deemed as its waiver of such rights and would not affect its future exercise of such rights.

 

11.7                        If any provision of this Agreement is held void, invalid or unenforceable by a court of competent jurisdiction, governmental agency or arbitration authority, the validity, legality and enforceability of the other provisions hereof shall not be affected or impaired in any way. The Parties shall cease performing such void, invalid or unenforceable provisions and revise such void, invalid or unenforceable provisions only to the extent closest to the original intention thereof to recover its validity or enforceability for such specific facts and circumstances.

 

11.8                        Unless with prior written consent from Party A, none of Party B or Party C may assign any of its rights and obligations under this Agreement to any third party.

 

11.9                        This Agreement is made in five (5) originals with each Party holding one (1) original. Each original has the same effect.

 

[No text below]

 

10

 

(Signature Page)

 

IN WITNESS THEREOF, each Party has signed or caused its legal representative to sign this Agreement as of the date first written above.

 

	
Party A:   Beijing Jingdong Century Trade Co., Ltd.
    	
 
    
	
 
    	
 
    
	
/s/ Beijing Jingdong Century Trade Co., Ltd.
    	
 
    
	
(Seal of Beijing Jingdong Century Trade   Co., Ltd.)
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Richard Qiangdong Liu
    	
 
    
	
 
    	
 
    
	
Party B:   Richard Qiangdong Liu
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Richard Qiangdong Liu
    	
 
    
	
 
    	
 
    	
 
    
	
Pang Zhang
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Pang Zhang
    	
 
    
	
 
    	
 
    	
 
    
	
Yayun Li
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Yayun Li
    	
 
    
	
 
    	
 
    	
 
    
	
Party C:   Beijing Jiasheng Investment Management Co., Ltd.
    	
 
    
	
 
    	
 
    
	
/s/ Beijing Jiasheng Investment Management   Co., Ltd.
    	
 
    
	
(Seal of Beijing Jiasheng Investment Management   Co., Ltd.)
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Pang Zhang
    	
 
    
				

 

11

 

Schedule A

 

The following schedule sets forth all other similar agreements the registrant entered into with the relevant Chinese variable interest entity. Other than the information set forth below, there is no material difference between such other agreements and this exhibit.

 

	
VIE
    	
 
    	
Executing Parties
    	
 
    	
Effective Date
    	
 
    	
Execution Date
    
	
Beijing Yuanyi Freight Forwarding Co., Ltd.
    	
 
    	
Party A: Beijing Jingbangda Trade Co., Ltd.

Party B: Richard Qiangdong Liu, Yayun Li and Pang   Zhang

Party C: Beijing Yuanyi Freight Forwarding   Co., Ltd.
    	
 
    	
January 5, 2017
    	
 
    	
January 5, 2017
    
	
Jiangsu Jingdong Bangneng Investment Management   Co., Ltd.
    	
 
    	
Party A: Beijing Jingdong Century Trade   Co., Ltd.

Party B: Richard Qiangdong Liu, Yayun Li and Pang   Zhang

Party C: Jiangsu Jingdong Bangneng Investment   Management Co., Ltd.
    	
 
    	
September 8, 2016
    	
 
    	
September 8, 2016
    
	
Suqian Limao Donghong Investment Management   Co., Ltd.
    	
 
    	
Party A: Suqian Yitong Information Technology   Co., Ltd.

Party B: Richard Qiangdong Liu and Yayun Li

Party C: Suqian Limao Donghong Investment Management   Co., Ltd.
    	
 
    	
December 8, 2015
    	
 
    	
December 28, 2016
    
	
Beijing Andist Technology Co., Ltd.
    	
 
    	
Party A: Beijing Jingdong Century Trade   Co., Ltd.
    
   Party B: Richard Qiangdong Liu, Yayun Li and Pang Zhang
    
   Party C: Beijing Andist Technology Co., Ltd.
    	
 
    	
December 1, 2016
    	
 
    	
December 1, 2016
    
	
Shanghai Jingdong Cai’ao E-commercial Co., Ltd.
    	
 
    	
Party A: Beijing Jingdong Century Trade   Co., Ltd.

Party B: Richard Qiangdong Liu, Yayun Li and Pang   Zhang
    
   Party C: Shanghai Jingdong Cai’ao E-commercial Co., Ltd.
    	
 
    	
December 20, 2016
    	
 
    	
December 20, 2016
    
	
Xi’an   Jingdong Xincheng Information Technology Co., Ltd.
    	
 
    	
Party A: Xi’an Jingxundi Supply Chain Technology   Co., Ltd.

 

Party B: Richard Qiangdong Liu, Pang Zhang and   Yayun Li

 

Party   C: Xi’an Jingdong Xincheng Information Technology Co., Ltd.
    	
 
    	
June 23,   2017
    	
 
    	
June 23,   2017
    
	
Suzhou   Guanyinghou Media Technology Co., Ltd.
    	
 
    	
Party A: Suqian Daxi Information Technology   Co., Ltd.

 

Party B: Qian Yang

 

Party   C: Suzhou Guanyinghou Media Technology Co., Ltd.
    	
 
    	
December 11,   2017
    	
 
    	
December 11,   2017
    

 

12

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