INVESTMENT AGREEMENT DATED AS OF SEPTEMBER 1, 2016 AMONG YUM! BRANDS, INC., YUM CHINA HOLDINGS, INC. AND API (HONG KONG) INVESTMENT LIMITEDInvestment Agreement • September 2nd, 2016 • Yum Brands Inc • Retail-eating places • Delaware
INVESTMENT AGREEMENT, dated as of September 1, 2016 (this “Agreement”), among Yum! Brands, Inc., a North Carolina corporation (“Parent”); Yum China Holdings, Inc., a Delaware corporation and, as of the date hereof (prior to, and without giving effect to, the Investment (as defined below) contemplated hereby and the Distribution (as defined below)), a wholly owned subsidiary of Parent (the “Company”); and API (Hong Kong) Investment Limited, a company incorporated under the laws of Hong Kong (the “Investor” and, collectively with Parent and the Company, the “Parties”).
FORM OF YUM CHINA HOLDINGS, INC. SHAREHOLDERS AGREEMENTShareholder Agreement • September 2nd, 2016 • Yum Brands Inc • Retail-eating places • Delaware
SHAREHOLDERS AGREEMENT, dated as of [October 31], 2016 (as it may be amended from time to time, this “Agreement”), among (i) Yum China Holdings, Inc., a Delaware corporation (the “Company”), (ii) Pollos Investment L.P., a Cayman Islands Limited Partnership (“PV”), and (iii) API (Hong Kong) Investment Limited (“AF”) (each of AF and PV an “Investor” and collectively, the “Investors”). The Investors, collectively with the Company, are referred to herein as the “Parties”.
