Strategic Consulting Service Agreement Jointly signed by and between RIFA Yunling (Beijing) Technology Co., Ltd. and Fortune Software (Beijing) Co., Ltd. April 2017 Beijing China Contents
Exhibit 4.162
Strategic Consulting Service Agreement
Jointly signed by and between
RIFA Yunling (Beijing) Technology Co., Ltd.
and
Fortune Software (Beijing) Co., Ltd.
April 2017
Beijing China
Contents
| 1 Definitions | 2 | |
| 2 Strategic Consulting Service | 2 | |
| 3 Strategic Consulting Service Fee | 3 | |
| 4 Representations and Warranties | 3 | |
| 5 Confidentiality | 3 | |
| 6 Governing Law and Liabilities for Breach of Contract | 3 | |
| 7 Dispute Resolution | 3 | |
| 8 Effectiveness and Term of Agreement | 4 | |
| 9 No Survival | 4 | |
| 10 Restriction on Transfer | 4 | |
| 11 Indemnification | 4 | |
| 12 Amendment to Agreement | 4 | |
| 13 Counterparts | 4 | |
| 14 Supplementary Provisions | 4 | |
| Appendix I Contents of Strategic Consulting Service | 5 | |
| Appendix II Strategic Consulting Service Fee | 6 |
| 1 |
Strategic Consulting Service Agreement
This Strategic Consulting Service Agreement (hereinafter referred to as the “Agreement”) is concluded and signed on April 20, 2017 in Beijing of the People’s Republic of China (hereinafter referred to as “China”) by and between:
Party A: RIFA Yunling (Beijing) Technology Co., Ltd.
Address: 7355, 7/F, 271 A Fuchengmenwai Street, Xicheng District, Beijing
Legal representative: Xxx Xxx
Party B: Fortune Software (Beijing) Co., Ltd.
Address: Xxxxx 00, 0/X, Xxxxxxxx 0, 26, 28 and 00 Xxxxxxxxxxxx Xxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx
Party A and Party B shall be referred to individually as a Party and collectively as the Parties.
Whereas:
1) Party A is a limited liability company established and validly existing in China under laws and mainly engages in technical development and other related businesses (“Business”);
2) Party B is a limited liability company established and validly existing in China under laws and has expertise and resources in strategic consulting in the aforesaid business field;
3) Party A agrees to entrust Party B to provide strategic consulting service in the aforesaid field, and Party A agrees to accept, under the terms and conditions hereunder, such consulting service provided by Party B.
The Parties, in the principles of cooperation in good faith, equality & mutual benefit and joint development, make and enter into an agreement as follows through friendly consultation in accordance with the provisions of related 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 Strategic Consulting Service Agreement and the appendixes hereto as amended, verified and supplemented thereto by the Parties in the form of written agreements officially signed from time to time;
1.2 China means the People’s Republic of China and, for the purpose of this Agreement, excludes 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 Strategic Consulting Service
2.1 Contents of strategic consulting service (“Service”): Party A entrusts Party B to provide, as of the effective date hereof, the strategic consulting Service listed in Appendix I (“Appendix I”).
2.2 Exclusive Service provider: Party B serves as the exclusive service provider of Party A and, Party A may not entrust other third parties to provide the Services listed herein without the written consent of Party B.
| 2 |
3 Strategic Consulting Service Fee
3.1 Amount and payment: Party A shall pay the amount to Party B annually pursuant to Appendix II as the technical strategic consulting Service fee (“Service Fee”).
3.2 Reasonable expenditure: various reasonable expenditures related to the Service, other than the Service Fee, including but not limited to the expenses on traveling, board & lodging, transportation, communication, etc. which shall be collected by Party B from Party A based on the amount actually incurred.
4 Representations and Warranties
4.1 Either Party hereby represents and warrants to the other Party as follows:
4.1.1 It has all necessary rights, powers and authorities to execute this Agreement and to perform all obligations and responsibilities hereunder;
4.1.2 The execution or performance hereof does not breach any significant contract or agreement to which such Party is a party, nor any significant contract or agreement binding on such Party or its assets.
5 Confidentiality
5.1 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 5, the provisions of this Article will not prohibit (i) any disclosure made pursuant to related laws of the United State, China or relevant countries or the rules of any stock exchange; (ii) any disclosed information that is publicly known, which is not caused by the default of the disclosing party; or (iii) any disclosure made by one Party to its shareholders, legal counsels, accountants, financial adviser, or other professional advisers that have confidentiality obligations to such Party.
5.2 The Parties agree that this Article 5 shall remain effective, whether this Agreement is invalidated, amended, rescinded, or terminated or not.
6 Governing Law and Liabilities for Breach of Contract
6.1 The formation, validity, interpretation, and performance of the Agreement and the Dispute Resolution in connection herewith shall be governed by the laws of China.
6.2 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 thereby, such Party shall constitute breach of contract, and shall assume corresponding liabilities for breach of contract under law.
7 Dispute Resolution
7.1 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 dispute resolution through consultation, any Party may submit related dispute to China International Economic and Trade Arbitration Commission to be arbitrated according to its then effective arbitration rules; the arbitral tribunal shall have one (1) arbitrator, who shall be appointed by the chairman of China International Economic and Trade Arbitration Commission.
7.2 The dispute shall be submitted to China International Economic and Trade Arbitration Commission Beijing Arbitration Center and arbitrated in Beijing according to its then effective arbitration procedures.
| 3 |
7.3 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 provided for in the arbitration award.
8 Effectiveness and Term of Agreement
8.1 Effectiveness: this Agreement shall take effect immediately after being signed by Party A and Party B.
8.2 Term: the term of this Agreement is twenty (20) years.
8.3 Renewal: unless Party B gives a thirty (30) days’ notice to Party A on its intention not to renew this Agreement, the term hereof shall be automatically renewed for one-years terms thereafter upon the expiry hereof.
9 No Survival
9.1 Once upon the termination of this Agreement, Party B will assume no obligation to continue providing any Service hereunder to Party A.
10 Restriction on Transfer
10.1 Without the prior written consent of the other Party hereto, no Party may transfer any right or obligation that it may have hereunder.
11. Indemnification
11.1 If any Party does not abide by related obligations set forth by the Parties herein and thus causes loss to the other Party, it shall provide full and effective indemnity to the other Party; if such Party causes the failure in cooperation, the other Party shall have the right to propose terminating the Agreement, and the loss of the Party violating obligations shall be borne by itself.
12 Amendment to Agreement
12.1 The Parties shall faithfully perform this Agreement after it takes effect and any amendment hereto shall be invalid unless it is made in writing after the Parties reach a consensus through consultation and after Party A and Party B have respectively obtained necessary authorizations and approvals. The amendment agreement and supplementary agreement in connection herewith that have been duly executed by the Parties are an integral part hereof and have the same legal effect with this Agreement.
13 Counterparts
13.1 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.
14 Supplementary Provisions
14.1 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.
14.2 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 with this Agreement.
[The remainder of this page is intentionally left blank]
| 4 |
Appendix I Contents of Strategic Consulting Service
To the extent permitted by laws of China, the contents of the strategic consulting Service provided by Party B to Party A on the basis hereof mainly include:
(1) Evaluation of new products/Services;
(2) Industry & customer survey;
(3) Marketing strategy;
(4) Training personnel for Party A; and
(5) Other Services related to Party A’s Business.
| 5 |
Appendix II Strategic Consulting Service Fee
The strategic consulting Service Fee each year shall be 30% of the “profit” of Party A in such year. The “profit” of Party A in the year means the balance of total income of Party A in such year after deduction of 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 Binding Agreements. Such fee shall be fixed by Party A and Party B in writing each quarter and shall be paid by Party A within three (3) months after the settlement date.
| 6 |
[This page is intentionally left blank for signature]
This Agreement is signed by the following Parties on the date first written above herein.
Party A: RIFA Yunling (Beijing) Technology Co., Ltd.
Official seal:
Authorized representative (signature):
Party B: Fortune Software (Beijing) Co., Ltd.
Official seal:
Authorized representative (signature):
7
