Translated from the original Chinese version] TECHNICAL SUPPORT AGREEMENT Between PARTY A Zhengyong Information Technology (Shanghai) Co., Ltd. and PARTY B Shenzhen Newrand Securities Advisory and Investment Co., Ltd. July2013 BEIJING, CHINA
Exhibit 4.89
[Translated from the original Chinese version]
Between
PARTY A Zhengyong Information Technology (Shanghai) Co., Ltd.
and
PARTY B Shenzhen Newrand Securities Advisory and Investment Co., Ltd.
July2013
BEIJING, CHINA
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TABLE CONTENTS
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ARTICLE 1. DEFINITIONS
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3
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ARTICLE 2. TECHNICAL SUPPORT SERVICES
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4
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ARTICLE 3. TECHNICAL SUPPORT SERVICES FEE
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4
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ARTICLE 4. REPRESENTATIONS AND WARRANTIES
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4
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ARTICLE 5. CONFIDENTIALITY
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4
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ARTICLE 6. GOVERNING LAW AND EVENTS OF DEFAULT
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5
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ARTICLE 7. DISPUTE RESOLUTION
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5
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ARTICLE 8. EFFECTIVENESS
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5
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ARTICLE 9. NO SUBSEQUENT OBLIGATION
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6
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ARTICLE 10. TRANSFER LIMITATION
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6
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ARTICLE 11. AMENDMENT
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6
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ARTICLE 12. COUNTERPARTS
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6
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ARTICLE 13. MISCELLANEOUS
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6
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EXHIBIT 1 CONTENT OF THE TECHNICAL SUPPORT SERVICES
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8
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EXHIBIT 2 TECHNICAL SUPPORT SERVICE FEE
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9
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This Technical Support Agreement ("this Agreement") is entered into in Beijing, the People's Republic of China (the "PRC") on July, 2013 between:
Party A: Zhengyong Information Technology (Shanghai) Co., Ltd.
Registered address: Xxxx 0000, Xxxx xxxx Xxxx, Xxxxxxxx, XXX.
Party B: Shenzhen Newrand Securities Advisory and Investment Co., Ltd..
Address: 1006#, 10th floor, Block 4, Saige Science Park, Huaqiang North road, Futian District, Shenzhen PRC.
WHEREAS,
(1) Party A is a company with limited liability duly organized and validly existing foreign owned enterprise under the laws of the PRC, and has expertise and resources in developing and producing computer software, system software and application software. Party B is providing develop and produce computer. System and application software related service includes but not limited in technical support services in connection with the foregoing operation for Party B
(2) Party B is a company with limited liability duly organized and validly existing under the laws of the PRC. In order to expand Party B's business in the aspects of the foregoing operation, Party B engages Party A to provide the technical support services in connection with the foregoing.
NOW AND THEREFORE, in accordance with the principle of sincere cooperation, mutual benefit and joint development and after friendly negotiations, the parties hereby enter into the following agreements pursuant to the provisions of relevant laws and regulations of the PRC.
ARTICLE 1. DEFINITIONS
The terms used in this Agreement shall have the meanings set forth below:
1.1 "This Agreement" means this Technical Support Agreement and all appendices thereto, including written instruments as originally executed and as may from time to time be amended or supplemented by the parties hereto through written agreements.
1.2 "The PRC" means, for the purpose of this Agreement, the People's Republic of China, excluding Hong Kong, Taiwan and Macao.
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1.3 "Date" means the year, month and day. In this Agreement, "within" or "no later than", when used before a year, month or day, shall always include the relevant year, month or day.
ARTICLE 2. TECHNICAL SUPPORT SERVICES
2.1 The technical support services (the "Services"): Party A agrees to provide to Party B the relevant services requested by Party B, which are specified in Exhibit 1 attached hereto ("Exhibit 1").
2.2 Exclusive Services Provider: Party A is the exclusive services provider of Party B. Without the written consent of Party A, Party B shall not entrust any other third party to provide the Services stated herein.
ARTICLE 3. TECHNICAL SUPPORT SERVICES FEE
3.1 Amount and payment: Party B shall pay certain fees in accordance with the provisions of Exhibit 2 to Party B in consideration of the technical support service provided by Party A (the "Service Fee").
3.2 Reasonable expenses: besides the Service Fee, Party A shall charge Party B for all the reasonable expenses relating to the Services, including but not limited to travel, accommodation, traffic and communication expenses.
ARTICLE 4. REPRESENTATIONS AND WARRANTIES
4.1 Each party hereto represents to the other party that:
4.1.1 it has all the necessary rights, powers and authorizations to enter into this Agreement and to perform its duties and obligations hereunder; and
4.1.2 the execution or performance of this Agreement shall not violate any significant contract or agreement to which it is a party or by which it is or its assets are bounded.
ARTICLE 5. CONFIDENTIALITY
5.1 Each party shall keep confidential all the content of this Agreement. Without the prior consent of all parties, no party shall disclose any content of this Agreement to any other party or make any public announcements with respect to any content of this Agreement. Notwithstanding the forgoing provisions of this Article 5, the following disclosure shall be permitted: (i) disclosure made pursuant to any applicable laws or any rules of any stock exchange of US, PRC or relevant countries; (ii) disclosure of information which has become public information other than due to any breach by the disclosing party; or (iii) disclosure to any party's shareholders, legal counsel, accountants, financial advisors or other professional advisors who bear the obligation of confidentiality to such party.
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5.2 The parties agree this Article 5 will survive any invalidity, modification, cancellation or termination of this Agreement, if applicable.
ARTICLE 6. GOVERNING LAW AND EVENTS OF DEFAULT
6.1 The execution, effectiveness, interpretation, performance and dispute resolution of this Agreement shall be governed by the laws of the PRC.
6.2 Any violation of any provision hereof, incomplete performance of any obligation provided hereunder, any misrepresentation made hereunder, material concealment or omission of any material fact or failure to perform any covenant provided hereunder by any party shall constitute an event of default. The defaulting party shall assume all the legal liabilities pursuant to the applicable laws.
ARTICLE 7. DISPUTE RESOLUTION
7.1 Any dispute arising from the performance of this Agreement shall be first subject to the parties' friendly consultations. If the parties fail to make a written agreement within thirty (30) days after consultation, such dispute will be submitted to the China International Economic and Trade Arbitration Commission ("CIETAC") in accordance with its arbitration rules/procedures.
7.2 The arbitration shall be administered by the Beijing branch of China International Economic and Trade Arbitration Commission in accordance with the then effective arbitration rules of the Commission in Beijing. The tribunal will be composed of one (1) arbitrator appointed by the chairman of CIETAC
7.3 The arbitration award shall be final and binding on the parties. The costs of the arbitration (including but not limited to arbitration fee and attorney fee) shall be borne by the losing party, unless the arbitration award stipulates otherwise.
ARTICLE 8. EFFECTIVENESS
8.1 This Agreement shall become effective upon the execution by both parties hereto.
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8.2 The term of this Agreement shall be ten (10) years. Party B shall not terminate this Agreement during this term.
8.3 Unless Party A notifies Party B of no renewal of this Agreement by giving a thirty (30) days prior notice, this Agreement will be renewed for one year automatically after the expiry of the term hereof. This provision will apply to all the subsequent renewal.
ARTICLE 9. NO SUBSEQUENT OBLIGATION
9.1 Once this Agreement is terminated, Party A will not have any obligation of providing to Party B any Service hereunder.
ARTICLE 10. TRANSFER LIMITATION
10.1 Without the prior written consent of the other party, neither party shall transfer any of their rights or obligations hereunder.
ARTICLE 11. AMENDMENT
11.1 Both parties hereto shall fulfill their respective obligations hereunder. No amendment to this Agreement shall be effective unless such amendment has been made in written form, and agreed by both parties and both parties have obtained necessary authorization and approvals with respect to such amendment. Any modification and supplementary to this Agreement after signed by both parties, become an integral part of this Agreement, and has the same legal force with this Agreement.
ARTICLE 12. COUNTERPARTS
12.1 This Agreement is executed in two counterparts, with Party A and Party B each holding a counterpart. Each counterpart has the same legal force.
ARTICLE 13. MISCELLANEOUS
13.1 The title and headings contained in this Agreement are for convenience of reference only and shall not in any way affect the meaning or interpretation of any provision of this Agreement;
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13.2 The parties may enter into supplementary agreements to address any issue not covered by this Agreement. The supplementary agreements so entered shall be an appendix hereto and shall have the same legal effect as this Agreement.
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EXHIBIT 1 CONTENT OF THE TECHNICAL SUPPORT SERVICES
Party A shall provide the following technical support services to Party B to the extent permitted by PRC laws:
(1) providing the technical support and professional trainings necessary for Party B to operate its business;
(2) maintaining the computer system of Party B;
(3) providing Party B with website design, and the design, installation, adjustment and maintenance services of Party B's computer network system;
(4) providing comprehensive security services of Party B's websites;
(5) providing database support and software services;
(6) other services in connection with Party B's business;
(7) providing labor support upon requested by Party B, including but not limited to sending or dispatching relevant personnel to Party B (provided however that Party B shall bear the relevant labor costs); and
(8) other services agreed to by the parties.
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EXHIBIT 2 TECHNICAL SUPPORT SERVICE FEE
The Service Fee in consideration of provision of the Service provided by Party A shall be 30% of the "profits" of Party B in such year. The "profits" of Party B in such year should be equal to gross revenue of Party B in such year minus (the sales tax, sales expenses, management fees, financial expenses and other expenses resulting from the daily operation and other business operation of Party B, and such "profit" shall be the profit before paying for other service fees as specified by the Binding Agreements. Such expenses shall be determined by both parties every quarter in written form, and shall be paid by Party B within three (3) months after the accounting date.
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[Execution page only]
This Agreement is executed by the following parties as of the date listed first above.
Party A: Zhengyong Information Technology (Shanghai) Co., Ltd
Seal:
Authorized Representative
(Signature):
Party B: Shenzhen Newrand Securities Advisory and Investment Co., Ltd.
Seal:
Authorized Representative
(Signature):
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