Business Cooperation Agreement
Exhibit 10.13
Contract Number:
Business Cooperation Agreement
Party A: Shenzhen Dadi Xintong Guarantee Co., Ltd.
Registered Address: X0-00, Xx.000 Xxxxx Xxxx, Xxxxxxxx Street, Longgang District, Shenzhen City.
Party B: Shenzhen HeZhong Fortune Finance and Investment Management Co., Ltd.
Registered Address: Xxxx 000, Xxxxxxxx X, Xxxxxxx 0xx Xxxx, Qianhai Shenzhen-Hongkong Cooperation District, Shenzhen City.
Party A establishes business cooperation relationships with Party B. Party B provides guarantee services for the Party A’s platform users. In order to regularize the behavior of each parties, to set up a stable, good relationship of business support and cooperation, and to prevent business risks, both parties are voluntary to sign this agreement based on the relevant laws and regulations and the regulations of national authorities.
Article One Statement and Guarantee of Both Parties
Party A is an institution which has the subject qualification and enough ability to fulfill the guarantee responsibility, engaging in guarantee and its related business and registered according to the law. It is internally authorized for Party A to establish business cooperation relationship with Party B. Within the cooperation period, Party A shall follow the rules and regulations of the national authorities and run properly. The materials provided by Party A to Party B shall be true, complete and valid.
Party B is an Internet Finance Information Services Platform which registered and established according to the law. It is internally authorized to establish guarantee business cooperation relationship with Party A.
Article Two Business Cooperation Content
Party A shall provide an irrevocable guarantee of joint and several liability for the timely payment of the financing project applied by Party B’s platform users. In case of overdue repayment of the financing project applied by the platform users, Party A shall make advance payment for the financing project of Party B’s platform users.
The guarantee liability of Party A is independent from the principal agreement guaranteed, and shall not affect the guarantee effect due to various circumstances such as the invalidity, revocation or rescission of the main agreement.
The specific cooperation content of guarantee between Party A and Party B shall be subject to the “Agreement on Guarantee Service” signed by Party A, Party B and users of Party B’s platform.
Article Three Guarantee Deposit
Party A shall open a guarantee deposit account in Party B’s fund circulation system (Bank depository system and Third-party payment system) and pay a certain amount of funds.
If any business between Party A and Party B constitutes a breach of contract, or any loan between Party A and other financial institutions constitutes a breach of contract, Party B shall have the right to terminate the business cooperation with Party A and require Party A to fulfill all guarantee responsibilities in advance.
Article Four Term of Business Cooperation
The term of business cooperation between Party A and Party B shall be one year, starting from the effective date of this agreement. After the termination of the term, the guarantee business that has occurred shall not be affected by the termination. Party A’s guarantee responsibility shall remain until all the creditor’s rights under the main agreement are realized.
Article Five Guaranty Period
Party A’s guaranty period for the financing project of Party B’s platform users shall be two years from the day after the debt maturity determined by the main agreement. If the loan is recovered in advance due to the main agreement, the guaranty period shall be two years from the day after the payment date notified to the principal debtor by Party B.
Article Six Business Operation
If the mortgage or pledge guarantee co-exists with the principle creditor’s right, Party B shall have the right to require Party A to undertake the guarantee responsibility first and Party A cannot raise a plead due to this reason, regardless of whether the mortgage (pledge) is provided by the principal debtor or a third party.
After Party A repays the debts for the principle debtor, Party B shall actively cooperate with Party A to take recourse against the principal debtor.
Article Seven The Obligatory and Specific Standards of Guarantee Responsibility
Under any of the following circumstances, Party B shall have the right to require Party A to perform or perform in advance the guarantee responsibility and deduct the corresponding amount from the margin account for the purpose of paying the financing project of Party B’s platform users.
(one) The principal debtor’s debt (including principal and interest) reaches the debt maturity or reaches the debt maturity in advance;
(two) Liquidated damages of the principal debtor paying by installments accounts for more than 3% of the principal balance of the guaranteed creditor’s right;
(three) Any occurrence of the principal debtor that may endanger the security of the creditor’s rights of Party B’s platform users;
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(four) Other circumstances in which Party B has the right to require Party A to perform or perform in advance the guarantee responsibility according to law or the agreement.
Article Eight Responsibility for breach of Agreement
If Party A violates the agreement, Party B shall have the right to terminate the business cooperation with Party A and shall have the right to decide whether to require Party A to perform all guarantee obligations in advance.
If any business between Party A and Party B constitutes breach of the agreement, or any loan between Party A and other financial institutions constitutes breach of the agreement, Party B shall have the right to terminate the business cooperation with Party A and require Party A to fulfill all guarantee responsibilities in advance.
Article Nine Settlement of Disputes
Any dispute arising from the performance of this agreement shall first be settled by both parties through negotiation. If no agreement can be reached through negotiation, the dispute shall be settled through litigation in the court of the place where Party B is located.
Article Ten Supplementary Article
The agreement is made in duplicate and each of them has the equal legal effect. The agreement comes into force upon being signed (stamped) by both parties.
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(Signature Page)
Party A: Shenzhen Dadi Xintong Guarantee Co., Ltd. (Stamped)
Legal Person:
Authorized Agent:
Party B: Shenzhen HeZhong Fortune Finance and Investment Management Co., Ltd. (Stamped)
Legal Person:
Authorized Agent:
Date of Signature: December 18, 2017
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Business Cooperation Agreement
Supplementary Agreement One
Party A: Shenzhen Dadi Xintong Guarantee Co., Ltd.
Registered Address: X0-00, Xx.000 Xxxxx Xxxx, Xxxxxxxx Street, Longgang District, Shenzhen City.
Party B: Shenzhen HeZhong Fortune Finance and Investment Management Co., Ltd.
Registered Address: Xxxx 000, Xxxxxxxx X, Xxxxxxx 0xx Xxxx, Qianhai Shenzhen-Hongkong Cooperation District, Shenzhen City.
Whereas:
Party A and Party b signed the Business Cooperation Agreement (hereinafter referred to as the “original agreement”) No. [20180003] on [December] [18], [2017]. In accordance with the contract law of the People’s Republic of China and other relevant laws and regulations, both parties hereby reach an agreement through consultation and agree to supplement the cooperation contents of the original agreement for mutual compliance:
One. The “fee collection standard” clause of loan product for automobile mortgage and pledge was added in the original agreement, and the specific provisions are as follows:
1. Party A shall provide paid guarantee to the lender for the borrower matched by Party B on the platform. Party A shall have the right to charge the borrower a guarantee fee [2%] of the total principal payable. Party B’s platform shall provide such convenience as charging reminder, collection, collection and payment on behalf of Party A and transfer the borrower’s guarantee fee to Party A.
2. In order to facilitate the loan transaction between the borrower and the lender, Party B provides the corresponding transaction service, and the borrower shall pay Party B a comprehensive service fee equal to 3% of the principal amount payable. Party A shall, including but not limited to the repayment on behalf of Party B, provide such continence as charging reminder, collection, collection on behalf of Party A and transfer the comprehensive service fee paid by the borrower to Party B.
Two. This supplementary agreement is an integral part of the original agreement and has the same legal effect as the original agreement. In case of any conflict with the original agreement, this agreement shall prevail; provisions not covered herein shall be governed by the original agreement.
Three. This agreement is made in duplicate, with each party holding one copy and each copy having the same legal effect.
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Party A: Shenzhen Dadi Xintong Guarantee Co., Ltd. (Stamp)
[Corporate seal affixed herein]
Party B: Shenzhen HeZhong Fortune Finance and Investment Management Co., Ltd. (Stamp)
[Corporate seal affixed herein]
Date of Signature: January 3, 2018
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Business Cooperation Agreement
Supplementary Agreement Two
Party A: Shenzhen Dadi Xintong Guarantee Co., Ltd.
Registered Address: X0-00, Xx.000 Xxxxx Xxxx, Xxxxxxxx Xxxxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxxx Xxxx
Party B: Shenzhen HeZhong Fortune Finance and Investment Management Co., Ltd.
Registered Address: Xxxx 000, Xxxxxxxx X, Xxxxxxx 0xx Xxxx, Qianhai Shenzhen-Hongkong Cooperation District, Shenzhen City
Whereas:
Party A and Party B signed the Business Cooperation Agreement (hereinafter referred to as the “original Agreement”) and Supplementary Agreement One No. [2018003] on [December] [18], [2017]. In accordance with the contract law of the People’s Republic of China and other relevant laws and regulations, both Parties hereby reach an agreement through consultation and agree to supplement the cooperation contents of the original Agreement:
Article 1 Party A shall, in accordance with the provisions of the original Agreement and its supplementary Agreement, check with Party B the technology service fees attributed to Party B that Party A shall transfer to Party B within 5 working days after the end of every three months. And Party A confirms that no matter what happens, Party A shall ensure that the 3% of technology service fees agreed in the original Agreement and its supplementary Agreement are transferred to Party B.
Article 2 Party A shall, within 10 working days after the end of every 12 months, agree an unconditional and one-off technology service fees payment to Party B, the amount of technology service fees shall be previously confirmed by both parties every three months.
Article 3 According to the above Article 2, if Party A fails to transfer the technology service fees which are attributed to Party B in full and on time, Party B shall charge Party A at the penalty rate of 0.05% of technology service fees per day for each day delayed.
Article 4 This supplementary Agreement is an integral part of the original Agreement and has the same legal effect as the original Agreement. In case of any conflict with the original Agreement, this supplementary Agreement shall prevail.
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Party A: Shenzhen Dadi Xintong Guarantee Co., Ltd.
Signed and Stamped:
[Corporate seal affixed herein]
Party B: Shenzhen HeZhong Fortune Finance and Investment Management Co., Ltd.
Signed and Stamped:
[Corporate seal affixed herein]
Date of Signature: January 5, 2018
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Business Cooperation Agreement
Supplementary Agreement Three
Party A: Shenzhen Dadi Xintong Guarantee Co., Ltd.
Registered Address: X0-00, Xx.000 Xxxxx Xxxx, Xxxxxxxx Street, Longgang District, Shenzhen City.
Party B: Shenzhen HeZhong Fortune Finance and Investment Management Co., Ltd.
Registered Address: Xxxx 000, Xxxxxxxx X, Xxxxxxx 0xx Xxxx, Qianhai Shenzhen-Hongkong Cooperation District, Shenzhen City.
Whereas:
Party A and Party B signed the Business Cooperation Agreement (hereinafter referred to as the “original agreement”) No. [20180003] on [December] [18], [2017]. In accordance with the contract law of the People’s Republic of China and other relevant laws and regulations, both parties hereby reach an agreement through consultation and agree to supplement the cooperation contents of the original agreement for mutual compliance:
One. The “fee collection standard” clause of consumer loan or credit loan is added in the original agreement, and the specific provisions are as follows:
1. Party A shall provide paid guarantee to the lender for the borrower matched by Party B on the platform. Party A shall have the right to charge the borrower a guarantee fee not exceeding [9%] of the total principal payable. Party B’s platform shall provide such convenience as charging reminder, collection, collection and payment on behalf of Party A and transfer the borrower’s guarantee fee to Party A.
2. In order to facilitate the loan transaction between the borrower and the lender, Party B provides the borrower with the technical services of the platform, including charging reminder, collection, collection and payment on behalf of Party A, and the borrower shall pay the technical service fee to Party B based on [13.5%] of the total principal payable. In the case of overdue payment by the borrower, Party A collects fees from the borrower on behalf of Party B. After collecting technical service fees from the borrower, Party A shall transfer the service fees collected to Party B regularly.
3. To facilitate the borrower to pay the technical service fee, Party B entrusts Party A to collect the technical service fee from the borrower. After receiving the technical service fee from the borrower, Party A shall transfer the service fee to Party B regularly.
Two. This supplementary agreement is an integral part of the original agreement and has the same legal effect as the original agreement. In case of any conflict with the original agreement, this agreement shall prevail; provisions not covered herein shall be governed by the original agreement.
Three. This agreement is made in duplicate, with each party holding one copy and each copy having the same legal effect.
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Party A: Shenzhen Dadi Xintong Guarantee Co., Ltd. (Stamp)
[Corporate seal affixed herein]
Party B: Shenzhen HeZhong Fortune Finance and Investment Management Co., Ltd. (Stamp)
[Corporate seal affixed herein]
Date of Signature: January 8, 2018
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