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Exhibit 4.5
AMENDMENT TO THE AMENDED AND RESTATED SHAREHOLDERS AGREEMENT
THIS AMENDMENT TO THE AMENDED AND RESTATED SHAREHOLDERS AGREEMENT (this “Amendment”) is dated as of October 8, 2019, among FANGDD NETWORK GROUP LTD, an exempted limited liability incorporated under the laws of Cayman Island (the “Company”), the Founders, the Series A Investors, the Series B Investors, the Series C Investors (together with the Founders, Series A Investors, Series B Investors, the “Shareholders”) and certain other parties thereto. Capitalized terms used but not otherwise defined in this Amendment should have the meanings given such terms in the Amended and Restated Shareholders Agreement dated as of June 30, 2015 by and among the Company and the Shareholders (the “Agreement”).
WITNESSETH:
WHEREAS, Section 12.9 of the Agreement provides that, any term of this Agreement may be amended and the observance of any term of the Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of each of (i) the Company, (ii) the Ordinary Shareholder Majority and (iii) the Preferred Shareholder Special Majority; (iv) the Series A Lead Investor and (v) the Series B Co-Lead Investors and the (vi) the Series C Lead Investor.
NOW, THEREFORE, the parties hereto, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby agree as follows:
SECTION 1 Amendment of the Agreement. The definition of “Qualified IPO” shall be replaced in its entirety by the following:
“Qualified IPO” means an underwritten initial public offering of securities of the Company (or any other Group Company) on the New York Stock Exchange, Nasdaq, Hong Kong Exchange Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange or other recognized regional or national exchange or quotation system in an internationally recognized stock exchange acceptable to the Preferred Shareholder Special Majority in which the per share price in such initial public offering is no less than one time (1.0x) the Series C Purchase Price Per Share, unless waived in writing by the Series C Lead Investor, in each case, as such prices may be adjusted for share splits or subdivisions, share dividends, combinations, recapitalizations and similar events that affect the share capital of the Company.
SECTION 2 Effectiveness of this Amendment. This Amendment shall become effective as of the date hereof. Except as amended by or otherwise provided in this Amendment, the terms and conditions of the Agreement shall remain in full force and effect without modification or limitation.
SECTION 3 Miscellaneous. Section 12.3 (Governing Law), Section 12.4 (Dispute Resolution), Section 12.12 (No Presumption), Section 12.13 (Confidentiality and Non-Disclosure), Section 12.14 (Headings and Subtitles; Interpretation) and Section 12.15 (Counterparts) of the Agreement shall apply to this Amendment.
[Signature pages follow]
IN WITNESS WHEREOF, the parties to this Amendment have executed this Amendment as of the date first written above.
| COMPANY
FANGDD NETWORK GROUP LTD | ||
| By: | /s/ Yi Duan | |
| Name: | Yi Duan | |
| Title: | Chairman of the Board of Directors and Chief Executive Officer | |
[Signature Page to Amendment to Amended and Restated Shareholders Agreement]
IN WITNESS WHEREOF, the parties to this Amendment have executed this Amendment as of the date first written above.
| THE GROUP COMPANIES:
Fangdd Network Group Ltd. | ||
| By: | /s/ Yi Duan | |
| Name: | Yi Duan | |
| Title: | Authorized Signatory |
| Fangdd International Holding Ltd. | ||
| By: | /s/ Yi Duan | |
| Name: | Yi Duan | |
| Title: | Authorized Signatory |
| Fangdd Network Holding Limited | ||
| By: | /s/ Yi Duan | |
| Name: | Yi Duan | |
| Title: | Authorized Signatory |
[Signature Page to Amendment to Amended and Restated Shareholders Agreement]
IN WITNESS WHEREOF, the parties to this Amendment have executed this Amendment as of the date first written above.
| THE GROUP COMPANIES:
Shenzhen FangDD Information Technology Co., Ltd. | ||
| By: | /s/ Yi Duan | |
| Name: | Yi Duan | |
| Title: | Authorized Signatory |
| Shenzhen FangDD Network Technology Co., Ltd. | ||
| By: | /s/ Yi Duan | |
| Name: | Yi Duan | |
| Title: | Authorized Signatory |
| Shanghai FangDD Network Technology Co., Ltd. | ||
| By: | /s/ Zhiguo Jin | |
| Name: | Zhiguo Jin | |
| Title: | Authorized Signatory |
| Nanjing FangDD Network Technology Co., Ltd. | ||
| By: | /s/ Zhiguo Jin | |
| Name: | Zhiguo Jin | |
| Title: | Authorized Signatory |
| Xi’an FangDD Network Technology Co., Ltd | ||
| By: | /s/ Jiancheng Li | |
| Name: | Jiancheng Li | |
| Title: | Authorized Signatory |
[Signature Page to Amendment to Amended and Restated Shareholders Agreement]
IN WITNESS WHEREOF, the parties to this Amendment have executed this Amendment as of the date first written above.
| THE FOUNDER VEHICLES
| ||
| CC NETWORK INTERNATIONAL LTD | ||
| By: | /s/ Yi Duan | |
| Name: | Yi Duan | |
| Title: | Authorized Signatory |
| TIANYU NETWORK INTERNATIONAL LTD | ||
| By: | /s/ Jiancheng Li | |
| Name: | Jiancheng Li | |
| Title: | Authorized Signatory |
| ZX INTERNATIONAL LTD | ||
| By: | /s/ Xi Zeng | |
| Name: | Xi Zeng | |
| Title: | Authorized Signatory |
| XUANYU NETWORK INTERNATIONAL LTD. | ||
| By: | /s/ Jiaorong Pan | |
| Name: | Jiaorong Pan | |
| Title: | Authorized Signatory |
| ZHOULI NETWORK INTERNATIONAL LTD | ||
| By: | /s/ Li Zhou | |
| Name: | Li Zhou | |
| Title: | Authorized Signatory | |
IN WITNESS WHEREOF, the parties to this Amendment have executed this Amendment as of the date first written above.
| THE FOUNDERS | ||
| By: | /s/ Duan Yi | |
| Name: | Duan Yi |
| By: | /s/ Jiancheng Li | |
| Name: | Jiancheng Li |
| By: | /s/ Xi Zeng | |
| Name: | Xi Zeng |
| By: | /s/ Jiaorong Pan | |
| Name: | Jiaorong Pan |
| By: | /s/ Li Zhou | |
| Name: | Li Zhou |
[Signature Page to Amendment to Amended and Restated Shareholders Agreement]
IN WITNESS WHEREOF, the parties to this Amendment have executed this Amendment as of the date first written above.
| THE SERIES A INVESTORS | ||
| FANGDD DECENT INTERNATIONAL LTD | ||
| By: | /s/ Fangdd Decent International Ltd | |
| Name: | Liqing Zeng | |
| Title: | Authorized Signatory |
| THE SERIES A LEAD INVESTOR | ||
| MERLINANO LIMITED | ||
| By: | /s/ Merlinano Limited | |
| Name: | William Hsu | |
| Title: | Authorized Signatory |
[Signature Page to Amendment to Amended and Restated Shareholders Agreement]
IN WITNESS WHEREOF, the parties to this Amendment have executed this Amendment as of the date first written above.
| THE SERIES B CO-LEAD INVESTORS | ||
| VICTORY PACIFIC RESOURCES LIMITED | ||
| By: | /s/ Victory Pacific Resources Limited | |
| Name: | Daming Zhu | |
| Title: | Director |
[Signature Page to Amendment to Amended and Restated Shareholders Agreement]
IN WITNESS WHEREOF, the parties to this Amendment have executed this Amendment as of the date first written above.
| THE SERIES B CO-LEAD INVESTORS | ||
| LIGHTSPEED CHINA PARTNERS I, L.P. | ||
| By: | /s/ Lightspeed China Partners I, L.P. | |
| Name: | Ronald Cao | |
| Title: | Managing Director |
| LIGHTSPEED CHINA PARTNERS I-A, L.P. | ||
| By: | /s/ Lightspeed China Partners I-A, L.P. | |
| Name: | Ronald Cao | |
| Title: | Authorized Signatory |
[Signature Page to Amendment to Amended and Restated Shareholders Agreement]
IN WITNESS WHEREOF, the parties to this Amendment have executed this Amendment as of the date first written above.
| THE SERIES C LEAD INVESTOR | ||
| GREYHOUND INVESTMENT LTD. | ||
| By: | /s/ Neil Gray | |
| Name: | Neil Gray | |
| Title: | Director |
[Signature Page to Amendment to Amended and Restated Shareholders Agreement]