SEC Contract Filing

Filing Date: 2019-07-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.07
<SEQUENCE>8
<FILENAME>jwhi_ex1007.htm
<DESCRIPTION>EXCLUSIVE OPTION AGREEMENT
<TEXT>
<html><head><title>jwhi_ex1007.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"><p style="MARGIN: 0px" align="right"><b>EXHIBIT 10.07 (Translated)</b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><b>Exclusive Option Contract</b></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">This Exclusive Option Contract (the &#8220;<b><u>Contract</u></b>&#8221;) is signed by and among the following parties in Nanshan District, Shenzhen City on March 13, 2019:</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify"><b>Party A: Shenzhen Qianhai Jinwanhong Holdings Ltd., </b>a wholly foreign<b>-</b>owned enterprise established and validly existing under the laws of the People&#8217;s Republic of China (hereinafter referred to as &#8220;China&#8221;, for the purposes hereof, excluding Hong Kong, Macao and Taiwan, similarly hereinafter), with its legal address at Room 201, Building A, Qianwan First Road No.1, Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, Shenzhen City;</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify"><b>Party B1: Lu Shufeng</b> </p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify"><b>Party B2: Zhang Xiaoyang</b></p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">(In this Contract, &#8220;Party B1&#8221; and &#8220;Party B2&#8221; are hereinafter collectively referred to as &#8220;<b>Party B</b>&#8221;)</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify"><b>Party C: Century Wanhong (Shenzhen) Holdings Ltd</b>., a limited liability company established and validly existing under the laws of China, with its legal address at 6F, Hangsheng Technology Building, Gaoxin South 6<sup>th</sup> Road, Nanshan High-tech Industrial Park (South), Yuehai Sub-district, Nanshan District, Shenzhen.</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">In the Contract, Party A, Party B and Party C are hereinafter individually referred to as a &#8220;<b>Party</b>&#8221; and collectively as the &#8220;<b>Parties</b>&#8221;.</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>WHEREAS:</b></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">1. Party B holds 100% of the Equity of Party C in total;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">2. Party C and Party A have signed the Exclusive Management Consulting and Service Agreement (hereinafter referred to as the &#8220;Service Agreement&#8221;);</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">3. Party B and Party C have signed the Equity Pledge Contract (hereinafter referred to as the &#8220;Equity Pledge Contract&#8221;).</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">THEREFORE, the Parties hereby reach the following agreement through negotiation.</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>1 </b><b>Equity Purchase Option</b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">1.1 Equity Purchase</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="pagebreak310137a5-ef73-493f-a182-c3c9603fed62" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">1</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px" align="justify">Subject to the laws and regulations of the China, Party B irrevocably grants Party A the exclusive right to purchase, that is, Party A or one or more of its designated persons (each, a &#8220;<b>Designee</b>&#8221;) may at any time purchase at the price stated in Article 1.3 of the Contract any or all the Equity held by Party B in Party C (&#8220;<b>Equity Purchase Option</b>&#8221;).Except for Party A and the Designee(s), Party B shall not grant this right to any other third parties. Party C hereby agrees to the grant of the Equity Purchase Option by Party B to Party A, and such grant is irrevocable within the validity period of the Contract.</p><p style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px" align="justify">&nbsp;</p><p style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px" align="justify">Party B and Party C further agree that 1) Party A may unilaterally transfer any or all of the Equity Purchase Option to any third party; and accordingly, the third party will inherit Party A&#8217;s rights in whole or in part under the Contract, and will become a party to the Contract and exercise the Equity Purchase Option in accordance with the relevant provisions of the Contract; 2) Party A may, when actually exercising the Equity Purchase Option, designate any third party that meets the requirements of the law to act as the shareholder of Party C.</p><p style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px" align="justify">&nbsp;</p><p style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px" align="justify">The term &#8220;person&#8221; as used in this paragraph and the Contract shall refer to individuals,