讲义分析案例project boqii series 1 spa executed

BOQIIHOLDING “Agreement”)ismadeandenteredintoonJune19,2018,byandBoqiiHoldingLimited,a incorporatedandexistingundertheLawsoftheCaymanIslands(the“”);BoqiiCorporationLimited,a incorporatedandexistingundertheLawsofHongKong(“BoqiiCorporation”);BoqiiInternationalLimited,a incorporatedandexistingundertheLawsofHongKong(“BoqiiInternational”,togetherwithBoqiiCorporation,eacha“HK”andcollectivelythe“HKCompanies”);Xincheng(Shanghai)InformationTechnologyCo.,.(欣橙()信息科技有限公司),alimitedliability incorporatedandexistingundertheLawsofthePRC(theGuangcheng(Shanghai)InformationTechnologyCo.,.(光橙()信息科技有限公司),alimitedliability incorporatedandexistingundertheLawsofthePRC(the“Domestic”);ShanghaiMingyanTradeCo.,.(铭雁贸易),alimitedliabilityincorporatedandexistingundertheLawsofthePRC(“ShanghaiMingyan”);ShanghaiYiqinPetsProductsCo.,.(怡亲宠物用品),alimited incorporatedandexistingundertheLawsofthePRC(“ShanghaiYiqin”);Boqi(Shanghai)InformationTechnologyCo.,.(波奇()信息科技),alimitedliability incorporatedandexistingundertheLawsofthePRC(“ShanghaiYanning(Suzhou)InformationTechnologyCo.,.(晏宁(苏州)信息科技有限公司),alimitedliability incorporatedandexistingundertheLawsofthePRC(“SuzhouYanning”,togetherwiththeWFOE,theDomestic,ShanghaiMingyan,ShanghaiYiqinandShanghaiBoqi,eacha“PRC”andcollectively,the“PRCCompanies”);eachoftheindividualsandtheirholding listedonPartAofScheduleIattachedhereto(eachsuchindividual,a“Founder”andcollectively,the“Founders”,andtheir ,the“Founder ”;andtheFoundersandtheFoundercollectivelythe“FounderParties”andeacha“FounderParty”);thes(asdefinedbelow)listedonScheduleIIattachedhereto(collectively,the“SeriesD-1Investors”,andeacha“SeriesD-1Investor”).Theforegoingpartiesshallbehereinafterreferredtocollectivelyasthe“Parties”andindividuallyasa“Party”.WHEREAS,attheInitialClosingandtheSubsequentClosing,thedesirestoissueandselltoeachSeriesD-1InvestorandeachSeriesD-1InvestordesirestopurchasefromthethatnumberoftheSeriesD-1PreferredShares(asdefinedbelow)assetforthoppositeeachsuchSeriesD-1InvestorintherelevantcolumnofthetablesetforthinScheduleIIattachedheretoonthetermsandconditionssetforthinthisAgreement.NOW,THEREFORE,inconsiderationofthepremisesandthemutualagreementsandcovenantshereinaftersetforth,andintendingtobelegallyboundhereby,thePartiesherebyagreeasfollows:CertainDefinedUnlessotherwisedefinedherein,forpurposesofthis“Action”meansanynotice,charge,claim,action,comint,petition,investigation,suitorotherproceeding,whetheradministrative,civilorcriminal,whetheratlaworinequity,andwhetherornotbeforeanymediator,arbitratororernmentalAuthority.“ADV”meansADVValueDevelopmentFundII,“Affiliate”means,withrespecttoa ,anyother that,directlyorindirectly,Controls,isControlledbyorisundercommonControlwithsuch .The“Affiliate”ofanindividualshallalsoincludesuchindividual’sspouse,parent(s),siblings,grandparent(s),descendant(s),cousin(s),orspouseofanyoftheforegoing,oranindividuallivinginthesamehouseholdwithsuchindividual.InthecaseofeachSeriesD-1Investor,theterm“Affiliate”alsoincludes(w)anyofsuchSeriesD-1Investor’sgeneralpartnersorlimitedpartners,(x)thefundmanagermanagingsuchSeriesD-1Investor(andgeneralpartners,limitedpartnersandofficersthereof)andotherfundsmanagedbysuchfundmanager,(y)trustsControlledbyorforthebenefitofanysuch referredtoin(w)or(x),and(z)anyfundorholdingformedforinvestmentpurposesthatispromoted,sponsored,managed,advisedorservicedbysuchSeriesD-1Investor.“Approval”meansanyapproval,license,authorization,release,order,orconsentrequiredtobeobtainedfrom,oranyregistration,qualification,designation,declaration,filing,notice,statementorothercommunicationrequiredtobefiledwithordeliveredto,ernmentalAuthorityorany ,oranywaiverofanyofthe“Benefitn”meansanydeferredcompensationagreement,bonusn,incentiven,profitsharingn,retirementagreementorotheremploymentcompensationagreementoranyothernestablishedormaintainedbyanyGroup(oranypredecessorofa)whichprovidesorprovidedbenefitsforanyemployeeofanyGroup orwithrespecttowhichcontributionsareorhavebeenmadebyanyGroup onaccountofanemployeeofanyGroup,exceptforthosecontainedintheemploymentcontractsinordinaryformsusedbytheGroupCompanies.“Business”meansthewholesaleandretailingofpets(includingbutnotlimitedtodogs,cats,toreros,aquatics)s,food,treats,groomingproducts,healthcareproducts,medicines,toys,accessories,self-brandproductsandprovisionofinformation,onlinecommunities,marketingandadvertising,bookingservices,discountofrelevantofflinebusiness(O2Obusiness),supplychainsintegrationbetweenmanufacturersandofflinebusinesswithofferingmanagementsystemandrelevantservices,petslivingsalesandspeciesauthenticationinthePRC;andwholesaleandretailingofpetss,food,treats,groomingproducts,healthcareproducts,medicines,toys,accessoriesoverseas;andinvestmentrelatedtothepetsindustrychains.“BusinessDay”meansadayotherthanSaturday,Sunday,orpublicholidayinthePRC,HongKong,theUnitedStatesofAmericaandtheCaymanIslandsonwhichcommercialbanksareopenforbusinessineachsuchjurisdiction.“CFC”meansacontrolledforeigncorporationasdefinedinthe“Circular37”meanstheCircular37,issuedbySAFEonJuly4,2014,titled“RelevantIssuesconcerningForeignExchangeAdministrationofOverseaInvestmentandFinancingandInboundInvestmentthroughSpecialPurposeCompaniesbyPRCResidents《国家外汇管理局关于境内居民通过特殊目的公司投融资及返程投资外汇管理有关问题的通知》[汇发(2014)37号]);andtheCircular13,issuedbySAFEonFebruary13,2015andtookeffectonJune1,2015,titledFurtherSimplifyingandImprovingthePoliciesofForeignExchangeAdministrationApplicabletoDirectInvestment”《国家外汇管理局关于进一步简化和改进直接投资外汇管理政策》[汇发[2015]13号)]),asamendedand/orimplementedbySAFE,andanysuccessorruleorregulationunderthePRCLawsincludingbutnotlimitedtoanyruleorregulationinterpretingorsettingforthprovisionsforimplementationofanyoftheforegoing.may“ClosingDate”meanseithertheInitialClosingDateortheSubsequentDate,asthecontextmay“CMB”meansCMBInternationalCapitalManagement(Shenzhen)Co.,.(招银国际资本管理())anditsAffiliates.“CMBWarrant”meanstheSeriesC+PreferredSharesPurchaseWarrantissuedbythetoCMBforthepurchaseofupto6,734,459SeriesC+PreferredShares(subjecttoadjustmentsetforththerein)datedJanuary26,2016,asamendedfromtimetotime.“Code”meanstheUnitedStatesInternalRevenueCodeof1986,as“CommerciallyReasonableEfforts”means,withrespecttoaParty’sobligationsunderthisAgreement,thelevelofeffortsandtheamountofresourcesnormallyusedbysuchPartyforanasset,projectormatterownedbysuchPartyortowhichsuchPartyhasexclusiverightsofsimilarbenefitsorinterest,economicorotherwise,butinanyeventnotlessthanthelevelofeffortsandtheamountofresourcesrequiredtocarryoutsuchobligationinasustainedmannerconsistentwiththepracticesbyaninligentintheindustryundersimilarcircumstances;provided,however,thatarequiredtousehisorherCommerciallyReasonableEffortsunderthisAgreementwillnotbetherebyrequiredtotakeactionsthatwouldresultinamateriallyadversechangeinthebenefitstosuch ofthisAgreementandthetransactionscontemtedhereunder,ortodisposeofanysignificantassetsofsuch ,makeanymaterialchangetoitsbusiness,expendanymaterialfundsorincuranyothermaterialburden,outofreasonableproportiontothebenefitstosuchtakingsuchactions.“OwnedIP”meansallInlectualPropertyownedby,purportedtobeownedby,orexclusivelylicensedto,anyGroup.“RegisteredIP”meansallInlectualPropertyforwhichregistrationsareownedbyorheldinthenameof,orforwhichapplicationshavebeenmadeinthenameof,anyGroup. s”means,astoa ,such’sofanyincorporation,formationorregistration(including,ifrelevant,sofchangeofname),memorandumofassociation,articlesofassociationorincorporation,charter,by-laws,trustdeed,trustinstrument,jointventureorshareholders’agreementorequivalent s,andbusinesslicense,ineachcaseasamended;andmeans,astoPRClimitedliabilitycompanies,thebusinesslicense,articlesofassociation,shareholders’agreementorequivalent “Contract”means,astoany ,anycontract,agreement,undertaking,understanding,indenture,note,bond,loan,instrument,lease,mortgage,deedoftrust,franchise,orlicensetowhichsuch isapartyorbywhichsuch oranyofitspropertyisbound,whetheroralorwritten.“Control”ofagiven meansthepowerorauthority,whetherexercisedornot,todirectthebusiness,managementandpoliciesofsuch ,directlyorindirectly,whetherthroughtheownershipofvotingsecurities,byContractorotherwise;provided,thatsuchpowerorauthorityshallconclusivelybepresumedtoexistuponpossessionofbeneficialownershiporpowertodirectthevoteofmorethanfiftypercent(50%)ofthevotesentitledtobecastatameetingofthemembersorshareholdersofsuch orpowertocontrolthecompositionofamajorityoftheboardofdirectorsofsuch.Theterms“Controlled”and“Controlling”havemeaningscorrelativetotheforegoing. smeansthefollowingcontractsiExclusiveTechnologyandConsultingServiceAgreement(独家技术和咨询服务协议)byandbetweentheWFOEandtheDomesticdatedSeptember7,2017,(ii)ExclusiveOptionAgreement(独家权协议)byandamongtheWFOE,theDomesticandtheshareholdersoftheDomesticdatedSeptember7,2017,(iii)ShareholdersVotingRightsAgreement(股东表决权委托协议)byandamongtheWFOE,theDomesticandtheshareholdersoftheDomesticdatedSeptember7,2017,(iv)EquityPledgeAgreement(股权质押合同)byandamongtheWFOE,theDomesticandtheshareholdersoftheDomesticdatedSeptember7,2017,(v)IPLicenseAgreement(知识协议)byandbetweentheWFOEandtheDomesticdatedSeptember7,2017,(vi)relevantLoanAgreements(贷款协议)byandamongtheWFOEandeachshareholderoftheDomesticdatedSeptember7,2017,andvii)theConfirmationLetter确认函signedbyChenRong陈荣datedSeptember7,2017;eachasamendedfromtimetotime.“ConversionShares”meanstheOrdinarySharesissuableuponconversionofthePurchasedShares.“Dingfeng”meansNingboDingfengMingdeZhizhiInvestmentLLP.(宁波鼎锋明德致知投资合伙企业(有限合伙))anditsAffiliates.“DingfengCallOptions”meanscollectively,(i)theoptiontopurchasebyNingboDingfengMingdeChengyiInvestmentL.P宁波鼎锋明德诚意投资合伙企业(有限合伙oritsAffiliatesfromtheFounderHoldingof275,566OrdinarySharespursuanttotheDingfengOptionAgreement,(ii)theoptiontopurchasebyNingboDingfengMingdeChengyiInvestmentL.P.(宁波鼎锋明德诚意投资合伙企业(有限合伙))oritsAffiliatesfromSuperbOriginInternationalLimitedof97,782OrdinarySharespursuanttotheDingfengOptionAgreement,iii)theoptiontopurchasebyNingboDingfengMingdeGewuInvestmentL.P宁波鼎锋明德格物投资合伙企业(有限合伙))oritsAffiliatefromAuspiciousQualityLimitedof110,227OrdinarySharespursuanttotheDingfengOptionAgreement,and(iv)theoptiontopurchasebyNingboDingfengMingdeGewuInvestmentL.P宁波鼎锋明德格物投资合伙企业(有限合伙))oritsAffiliatefromSuperbOriginInternationalLimitedof67,558OrdinarySharespursuanttotheDingfengOptionAgreement.“DingfengOptionAgreement”meanstheOptionAgreemententeredintobyandamongtheFounders,theFounderHolding,ZhangSu(张甦),AuspiciousQualityLimited,LiChong(李翀),SuperbOriginInternationalLimited,NingboDingfengMingdeChengyiInvestmentL.P.(宁波鼎锋明德诚意投资合伙企业(有限合伙))andNingboDingfengMingdeGewuInvestmentL.P宁波鼎锋明德格物投资合伙企业(有限合伙datedAugust22,“DingfengWarrant”meanstheSeriesC+PreferredSharesPurchaseWarrantissuedbythetoDingfengforthepurchaseofupto552,005SeriesC+PreferredShares(subjecttoadjustmentsetforththerein)datedMarch21,2016,asamendedfromtimetotime.“DisclosureSchedule”meanstheDisclosureScheduleattachedtothisAgreementasExhibitA,datedasofthedatehereofandtheInitialClosingDate,deliveredbytheWarrantorstotheSeriesD-1InvestorsonthedatehereofandtheInitialClosingDate,inconnectionwiththis“DLCapital”meansNingboDianliangInvestmentManagementCo.,.(宁波点“DomesticConvertibleLoanAgreementmeanstheConvertibleLoanAgreement(可转债协议)tobeenteredintobyandamongthe,Domestic,DLCapitalandShanghaiDianliangVentureCaptialInvestmentFundII,L.P.(点亮贰期创业投资合伙企业(有限合伙))attachedheretoasExhibitF.“DomesticResident”hasthemeaningsetforthinCircular37and/orotherLawsrelatedtoCircular37.“EquitySecurities”means,withrespecttoa ,anyshares,sharecapital,registeredcapital,ownershipinterest,equityinterest,orothersecuritiesofsuch,andanyoption,warrant,orrighttosubscribefor,acquireorpurchaseanyoftheforegoing,oranyothersecuritiesorinstrumentconvertibleintoorexercisableorexchangeableforanyoftheforegoing,oranyequityappreciation,phantomequity,equitynsorsimilarrightswithrespecttosuch,oranyContractofanykindforthepurchaseoracquisitionfromsuchofanyoftheforegoing,eitherdirectlyorindirectly. ernmentalAuthority”meansany ernmentofanynationoranyfederation,provinceorstateoranyotherpoliticalsubdivisionthereof;anyentity,authorityorbodyexercisingexecutive,legislative,judicial,regulatoryoradministrativefunctionsoforpertainingtoernment,includingany ernmentauthority,agency,department,board,commissionorinstrumentalityofthePRC,theBritishVirginIslands,theCaymanIslands,HongKongoranyothercountry,oranypoliticalsubdivisionthereof,anycourt,tribunalorarbitrator,andanyregulatory“ernmentalOrder”meansanyapplicableorder,ruling,decision,verdict,decree,writ,subpoena,mandate,precept,command,directive,consent,approval,award,judgment,injunctionorothersimilardeterminationorfindingby,beforeorunderthesupervisionofernmental“Group”or“GroupCompanies”meansthe,theHKCompaniesandthePRCCompanies,togetherwitheachSubsidiaryofanyoftheforegoing,and“Group”meansanyofthem.“HongKong”meanstheHongKongSpecialAdministrativeRegionofthePeople’sRepublicof.“IndemnifiableLoss”means,withrespecttoany ,anyaction,claim,cost,damage,deficiency,diminutioninvalue,disbursement,expense,liability,loss,obligation,penalty,settlement,suit,orTaxofanykindornature,togetherwithallinterest,penalties,legal,accountingandotherprofessionalfeesandexpensesincurredintheinvestigation,collection,prosecutionanddefenseofclaimsandamountspaidinsettlement,thatmaybeimposedonorotherwiseincurredorsufferedbysuch ,whetherdirectlyorindirectly.“InlectualProperty”meansanyandall(i)patents,patentrightsandapplicationsthereforandreissues,re-examinations,continuations,continuations-in-part,divisions,andpatenttermextensionsthereof,(ii)inventions(whetherpatentableornot),discoveries,improvements,concepts,innovationsandindustrialmodels,(iii)registeredandunregisteredcopyrights,copyrightregistrationsandapplications,maskworksandregistrationsandapplicationstherefor,author’srightsandworksofauthorship(includingartworkofanykind,softwareofalltypesinwhatevermedium,inclusiveofcomputerprograms,sourcecode,objectcodeandexecutablecode,firmware,developmenttools,files,recordsanddata,andrelatedation),(iv)URLs,websites,webpagesandanypartthereof,(v)technicalinformation,know-how,tradesecrets,drawings,designs,designprotocols,specificationsforpartsanddevices,proprietarydata,customerlists,databases,proprietaryprocesses,technology,formulae,algorithms,qualityassuranceandcontrolprocedures,designtools,manuals,researchdataconcerninghistoricandcurrentresearchanddevelopmentefforts,includingtheresultsofsuccessfulandunsuccessfuldesigns,databasesandproprietarydataandotherinlectualproperty,(vi)tradenames,tradedress,trademarks,names,servicemarks,logos,businessnames,andregistrationsandapplicationstherefor,and(vii)thegoodwillofthebusinesssymbolizedorrepresentedbytheforegoing,customerlistsandotherproprietaryinformationandcommon-lawrights..“KeyEmployee”means,withrespecttoanyGroup,theFounders,the,thechiefexecutiveofficer,thechieffinancialofficer,thechiefoperatingofficer,thechieftechnicalofficer,oranyotheremployeewithresponsibilitiessimilartoanyoftheforegoing,ofsuchGroup,whosenamesandpositionshavebeenprovidedinScheduleIII.“Knowledge”means,includingthephrase“tothebestKnowledgeoftheWarrantors”means,withrespecttotheWarrantors,theactualknowledgeofanyoftheFoundersandeachoftheKeyEmployees,andthatknowledgewhichshouldhavebeenacquiredbyeachsuchindividualaftermakingsuchdueinquiryandexercisingsuchduediligenceasaprudent wouldhavemadeorexercisedinthemanagementofhisorherbusinessaffairs,includingbutnotlimitedtodueinquiryofallofficers,directors,employees,consultantsandprofessionaladvisers(includingattorneys,accountantsandauditors)ofanyGroupandofitsAffiliateswhocouldreasonablybeexpectedtohaveknowledgeofthemattersinquestion,andwhereanystatementintherepresentationsandwarrantieshereunderisexpressedtobegivenormadetoa’sKnowledge,orsofarasapartyisaware,orisqualifiedinsomeothermannerhavingasimilareffect,thestatementshallbedeemedtobesupplementedbytheadditionalstatementthatsuchpartyhasmadesuchdueinquiryandduediligence.“Law”or“Laws”meansanyandallprovisionsofanyapplicableconstitution,treaty,statute,law,regulation,ordinance,code,rule,orruleofcommonlaw,any approval,concession,grant,franchise,license,agreement,directive,requirement,orotherernmentalrestrictionoranysimilarformofdecisionof,ordeterminationby,oranyformallyissuedwritteninterpretationoradministrationofanyoftheforegoingby,anyAuthority,ineachcaseasamended,andanyandallapplicableernmental“Liabilities”means,withrespecttoany,alldebts,obligations,liabilitiesowedbysuch ofanynature,whetheraccrued,absolute,contingentorotherwise,andwhetherdueorto edue.“Lien”meansanymortgage,claim,securityinterest,titledefect,charge,easement,adverseclaim,encumbrance,lease,restrictivecovenant,securityinterest,lien,option,pledge,rightsofothers,orrestriction(whetheronvoting,sale,transfer,dispositionorotherwise),whetherimposedbycontract,understanding,law,equityorotherwise.“MaterialAdverseEffect”meansany(a)event,occurrence,fact,condition,changeordevelopmentthathashad,has,orcouldreasonablybeexpectedtohaveamaterialadverseeffectonthebusiness,properties,assets,employees,operations,resultsofoperations,condition(financialorotherwise),prospectsorliabilitiesoftheGroupCompaniestakenasawhole,(b)materialimpairmentoftheabilityofanyGrouporFoundertoperformthematerialobligationsofsuchhereunderorunderanyotherTransaction ,asapplicable,(c)materialimpairmentofthevalidityoren abilityofthisAgreementoranyotherTransactionagainstanyGrouporFounderor(d)anyotherevent,occurrence,fact,condition,changeordevelopment,theoccurrenceofwhichhashad,hasorcouldreasonablybeexpectedtodefeatthepurposeofthisAgreementand/oranyotherTransaction “ODIMeasuresmeansi)theMeasuresforOverseasInvestmentManagement境外投资管理办法),issuedbytheMinistryofCommerceofthePRConSeptember6,2014,asamendedand/orimplementedbytheMinistryofCommerceofthePRC,andii)theAdministrativeMeasuresfortheOutboundInvestmentofEnterprises(企业投资管理办法),issuedbytheNationalDevelopmentandReformCommissionofthePRConDecember26,2017andtookeffectonMarch1,2018,asamendedand/orimplementedbytheNationalDevelopmentandReformCommissionofthePRC,andanysuccessorruleorregulationunderthePRCLaw,includingbutnotlimitedtoanyruleorregulationinterpretingorsettingforthprovisionsforimplementationofanyoftheforegoing.“ODIRegulations”meanscollectively,theODIMeasuresandanyotherapplicablerulesandregulationsrelatedtotheoverseasinvestmentofthePRC.“OrdinaryShares”meansthe’sordinaryshares,parvalueUS$0.001pershare,withrightsandprivilegesassetforthintheAmendedM&AA.“PermittedLiens”means(i)LiensforTaxesnotyetdelinquentorthevalidityofwhicharebeingcontestedand(ii)Liensincurredintheordinarycourseofbusiness,which(a)donotindividuallyorintheaggregatemateriallydetractfromthevalue,use,ortransferabilityoftheassetsthataresubjecttosuchLiensand(b)werenotincurredinconnectionwiththeborrowingof ”meansanyindividual,corporation,partnership,limitedpartnership,proprietorship,association,limitedliability “PFIC”meansapassiveforeigninvestment asdefinedintheCode.“PRC”meansthePeople’sRepublicofbutsolelyforpurposesofthisAgreementandotherTransaction s,doesnotincludeHongKong,theSpecialAdministrativeRegionofMacauandtheterritoryof.“PRCGAAP”meansgenerallyacceptedaccountingprinciplesandpracticesineffectfromtimetotimeinthePRCappliedconsistentlythroughouttheperiodsinvolved.“Prohibited”meansanythatis(i)anationalorresidentofanyU.S.embargoedorrestrictedcountry,(ii)includedon,oraffiliatedwithanyon,theUnitedStatesCommerceDepartment’sDeniedPartiesList,EntitiesandUnverifiedLists;theU.S.DepartmentofTreasury’sSpeciallyDesignatedNationals,SpeciallyDesignatedNarcoticsTraffickersorSpeciallyDesignatedTerrorists,ortheAnnextoExecutiveOrderNo.13224;theDepartmentofState’sDebarredList;UNSanctions,(iii)amemberofanyPRCmilitaryorganization,or(iv)a withwhombusinesstransactions,includingexportsandre-exports,arerestrictedbyaU.S.ernmentalAuthority,including,ineachclauseabove,anyupdatesorrevisionstotheforegoingandanynewlypublishedrules.“PublicOfficial”means(a)anyemployeeorofficialofanyernmentalAuthority,includinganyemployeeorofficialofanyentityownedorcontrolledbyaernmentalAuthority,(b)anyemployeeorofficialofapoliticalparty,(c)anycandidateforpoliticalofficeorhis/heremployeeorassociate,(d)anyemployeeorofficialofaninternationalorganization,or(e) whoactsinanofficialcapacityfororonbehalfofanyoftheforegoing.“PublicSoftware”meansanysoftwarethatcontains,orisderivedinanymanner(inwholeorinpart)from,anysoftwarethatisdistributedassoftware,opensourcesoftware(e.g.,Linux)orsimilarlicensingordistributionmodels,including,withoutlimitation,softwarelicensedordistributedunderanyofthefollowinglicensesordistributionmodels,orlicensesordistributionmodelssimilartoanyofthefollowing:(A)GNU’sGeneralPublicLicense(GPL)orLesser/LibraryGPL(LGPL),(B)theicLicense(e.g.,PERL),(C)theMozillaPublicLicense,(D)theNetscapePublicLicense,(E)theSunCommunitySourceLicense(SCSL),(F)theSunIndustryStandardsLicense(SISL),(G)theBSDLicense,and(H)theApacheLicense.“PurchasedShares”meanstheInitialPurchasedSharesortheSubsequentPurchasedSharestobepurchasedandsoldpursuanttothisAgreementortheSeriesD-1PreferredSharesissuableundertheSeriesD-1Warrant,asthecontextmayrequire.“RMB”meansRenminbi,thelawfulcurrencyofthe“SAFE”meanstheStateAdministrationofForeignExchangeofthePRCanditslocalcounterparts,and/oranauthorizedbank,asthecasemaybe.“SAFERegulations”meansCircular37andanyotherapplicableSAFErulesfromtimeto“SeriesAPreferredShares”meanstheseriesApreferredsharesofthe,parvalueUS$0.001pershare,withrightsandprivilegesassetforthintheAmendedM&AA.“SeriesBPreferredShares”meanstheseriesBpreferredsharesofthe,parvalueUS$0.001pershare,withrightsandprivilegesassetforthintheAmendedM&AA.“SeriesCPreferredShares”meanstheseriesCpreferredsharesofthe,parvalueUS$0.001pershare,withrightsandprivilegesassetforthintheAmendedM&AA.“SeriesC+PreferredShares”meanstheseriesC+preferredsharesofthe,parvalueUS$0.001pershare,withrightsandprivilegesassetforthintheAmendedM&AA.“SeriesC+Warrants”meanscollectively,theCMBWarrantandtheDingfengWarrant,anda“SeriesC+Warrant”meanseitherofthem.“SeriesDPreferredShares”meanstheseriesDpreferredsharesofthe,parvalueUS$0.001pershare,withrightsandprivilegesassetforthintheAmendedM&AA.“SeriesD-1Investor”meanseachoftheslistedonSchedule“SeriesD-1PreferredShares”meanstheseriesD-1preferredsharesofthe,parvalueUS$0.001pershare,withrightsandprivilegesassetforthinthe“SeriesD-1Warrant”hasthemeaningasdefinedinSection2.2.“StatementDate”meansMarch31,2018.“Subsidiary”means,withrespecttoaspecificentity,(i)anyentity(x)morefiftypercent(50%)ofwhosesharesorotherinterestsentitledtovoteintheelectionofdirectors(y)morethanafiftypercent(50%)ofwhoseinterestsintheprofitsorcapitalofsuchentityareownedorcontrolleddirectlyorindirectlybythesubjectentityorthroughone(1)ormoreSubsidiariesofthesubjectentity;(ii)anyentitywhoseassets,orportionsthereof,areconsolidatedwiththenetearningsofthesubjectentityandarerecordedonthebooksofthesubjectentityforfinancialreportingpurposesinaccordancewiththePRCGAAP;or(iii)anyentitywithrespecttowhichthesubjectentityhasthepowertootherwisedirectthebusinessandpoliciesofthatentitydirectlyorindirectlythroughanothersubsidiary.Fortheavoidanceofdoubt,theSubsidiariesoftheshallincludethePRCCompaniesandanyotherSubsidiarytobeestablishedoracquiredbyanyofthemfromtimetotime.“Tax”meansanynational,provincialorlocal e,salesanduse,excise,franchise,realand alproperty,grossreceipt,capitalstock,production,businessandoccupation,disability,employment,payroll,severanceorwithholdingtaxoranyothertypeoftax,levy,assessment,customdutyorchargeimposedbyanyernmentalAuthority,anyinterestandpenalties(civilorcriminal)relatedtheretoortothenon-paymentthereof,andanylossortaxLiabilityincurredinconnectionwiththedetermination,settlementorlitigationofanyLiabilityarisingtherefrom.“TaxReturn”meansanyreturn,declaration,report,estimate,claimforrefund,claimforextension,informationreturn,orstatementrelatingtoanyTax,includinganyscheduleorattaentthereto. s”meansthisAgreement,theAmendedShareholdersAgreement(asdefinedinSection2.1),theAmendedM&AA(asdefinedinSection2.1),theControls,theSeriesD-1Warrant,theDomesticConvertibleLoanAgreement,theexhibitsandappendicesattachedtoanyoftheforegoingandeachoftheagreementsandothersotherwiserequiredinconnectionwiththeimplementatio