Termination Agreement
Exhibit 4.48
This Termination Agreement (“this Agreement”) is made and entered into on February 19, 2021 in Beijing, the People’s Republic of China (hereinafter referred to as “China”, for the purpose of this Agreement, excludes the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan) by the following parties:
| 1 | Beijing Cheerbright Technologies Co., Ltd.,(“Cheerbright”), a wholly foreign-owned enterprise established in China with its registered address at Room 1010, F/10,Tower B, Xx. 0, Xxxxxxx Xxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, Xxxxx. Its uniform social credit code is 91110108791607588Y; |
| 2 | Beijing Autohome Information Technology Co., Ltd. (“Autohome Information”), a company duly organized and existing in China with its legal address at Room 1011-1015,F/10, Xxxxx X, Xx. 0, Xxxxxxx Xxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, Xxxxx. Its uniform social credit code is 911101087934346098; |
| 3 | Lu Min, whose identification card number is ******; |
| 4 | Xxx Xxxxxx, whose identification card number is ******. |
Each of Cheerbright, Autohome Information, Xxx Xxxxxx and Lu Min is referred to as the “Party” and together as the “Parties”.
Recitals:
| 1 | Cheerbright, Autohome Information and its original shareholders Lu Min and Xxx Xxxxxx, entered into the following agreements (collectively referred to as “Control Documents”): |
| (1) | On March 25, 2017, Cheerbright and Autohome Information entered into the Exclusive Technical Consulting and Services Agreement; |
| (2) | On March 25, 2017, Cheerbright, Autohome Information and Lu Min entered into the Equity Option Agreement; |
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| (3) | On March 25, 2017, Cheerbright and Lu Min entered into the Equity Interest Pledge Agreement; |
| (4) | On March 25, 2017, Cheerbright and Lu Min entered into the Loan Agreement; |
| (5) | On March 25, 2017, Lu Min signed the Power of Attorney; |
| (6) | On March 25, 2017, Cheerbright, Autohome Information and Xxx Xxxxxx entered into the Equity Option Agreement; |
| (7) | On March 25, 2017, Cheerbright and Xxx Xxxxxx entered into the Equity Interest Pledge Agreement; |
| (8) | On March 25, 2017, Cheerbright and Xxx Xxxxxx entered into the Loan Agreement; |
| (9) | On March 25, 2017, Xxx Xxxxxx signed the Power of Attorney. |
| 2 | Lu Min is currently in the process of transfer all the equity of Autohome Information to Xxxx Xxxx. |
| 3 | The Parties agree to terminate the Control Documents in accordance with the terms and conditions set forth in this Agreement. |
The Parties agree as follows:
| 1 | From the date of the issuance of an approval notice for the change of registration by the competent Bureau of Administration for Market Regulation in charge of Autohome Information, the Control Documents shall be terminated, and the rights and obligations of the Parties thereunder shall be terminated immediately, unconditionally and irrevocably. Upon the termination of the Control Documents, the Parties shall not undertake any rights, obligations or responsibilities arising from the Control Documents. |
| 2 | The Parties undertake that, except for the above-mentioned Control Documents, there is no agreement or unilaterally issued document or arrangement in any other form among the Parties or held by any Party that results in or may result in a controlling relationship in Autohome Information among the Parties or a Party holding a controlling relationship in Autohome Information. If such agreements, documents or arrangements do exist, the Parties shall automatically waive any of their rights and obligations under such agreements, documents or arrangements from the date of this Agreement. |
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| 3 | The execution, validity, interpretation, modification, implementation, and termination of this Agreement and the resolution of disputes hereunder shall be governed by the PRC laws. If any dispute arises in the process of the interpretation or implementation of this Agreement, the Parties shall attempt in the first instance to resolve such dispute through amicable consultation. If a dispute cannot be resolved in the above manner within 30 days after a Party sends a written notice to the other Party requesting for a consultation to resolve the dispute, any Party can submit the dispute to the China International Economic and Trade Arbitration Commission located in Beijing for arbitration in accordance with its then-current rules. The place of arbitration shall be in Beijing and the arbitral award shall be final and binding to the Parties. |
| 4 | This Agreement is written and executed in both English and Chinese, and Chinese articles shall prevail over English articles in case of any inconsistency. This Agreement shall take effect upon the signature or seal by the Parties. This Agreement shall be executed in 4 originals, each with the same legal effect. |
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(Signature Page of the Termination Agreement)
| /s/ Beijing Cheerbright Technologies Co., Ltd. (Seal) |
| Beijing Cheerbright Technologies Co., Ltd., (Seal) |
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(Signature Page of the Termination Agreement)
| /s/ Beijing Autohome Information Technology Co., Ltd. (Seal) |
| Beijing Autohome Information Technology Co., Ltd. (Seal) |
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