EX-7.17 3 v380956_ex7-17.htm EXHIBIT 7.17

 

Execution Version

 

AMENDMENT NO. 1 TO SUPPORT AGREEMENT

 

This AMENDMENT NO. 1 TO SUPPORT AGREEMENT (this “Amendment”) is entered into as of June 9, 2014 by and among Rainbow Education Holding Limited, a Cayman Islands exempted company (“Parent”) and certain shareholders of Noah Education Holdings Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands (the “Company”) as listed on Schedule A hereto (each, a “Rollover Shareholder” and collectively, the “Rollover Shareholders”). Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Support Agreement (as defined below).

 

WHEREAS, Parent, Rainbow Education Merger Sub Holding Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent (“Merger Sub”) and the Company have entered into an Agreement and Plan of Merger, dated as of April 2, 2014 (as amended, supplemented or otherwise modified from time to time, the “Merger Agreement”), which, among other things, provides for the merger of Merger Sub with and into the Company, with the Company continuing as the surviving corporation and a wholly-owned subsidiary of Parent (the “Merger”), upon the terms and subject to the conditions set forth in the Merger Agreement;

 

WHEREAS, Parent, the Company and the Rollover Shareholders have entered into a support agreement (the “Support Agreement”) dated as of April 2, 2014, pursuant to which, among other things, each Rollover Shareholder agreed to (a) have his or its respective Rollover Shares cancelled for no consideration in connection with the Merger, and (b) subscribe for Parent Shares immediately prior to Closing;

 

WHEREAS, the parties hereto wish to amend the Support Agreement to reflect that the numbers of Rollover Shares of Jointly Gold Technologies Limited, Global Wise Technologies Limited and Sunshine Nation Limited will be reduced by 5,000, 3,600, and 100,000 respectively;

 

WHEREAS, Section 7.5 of the Support Agreement provides that any provision of the Support Agreement may be amended if, and only if, such amendment is in writing and signed by the Rollover Shareholders and Parent.

 

NOW, THEREFORE, in consideration of the foregoing and intending to be legally bound hereby, the parties hereto agree as follows:

 

1. Amendments. Each of the parties hereto agree that Schedule A to the Support Agreement shall be replaced in its entirety with Schedule A hereto, and the terms “Rollover Shares” and “Parent Shares” in the Support Agreement shall refer to such number of shares as set forth in Schedule A hereto.

 

2. Effect of Amendments. Except as provided herein, the Support Agreement shall remain unchanged, and the Support Agreement, as modified by this Amendment, shall continue in full force and effect. This Amendment shall not constitute an amendment to or waiver of any right or remedy other than to the extent expressly set out herein.

 

 
 

 

3. Miscellaneous. The provisions of Article VII (Miscellaneous) of the Support Agreement shall apply mutatis mutandis to this Amendment, and to the Support Agreement as modified by this Amendment, taken together as a single agreement, reflecting the terms therein as modified by this Amendment.

 

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IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Amendment as of the date and year first written above

 

  PARENT
   
  Rainbow Education Holding Limited
   
  By: /s/ Samantha Jennifer Cooper
  Name: Samantha Jennifer Cooper
  Title: Director

  

  ROLLOVER SHAREHOLDERS:
   
  Jointly Gold Technologies Limited
   
  By: /s/ Dong Xu
    Name: Dong Xu
    Title: Director

 

  First Win Technologies Limited
   
  By: /s/ Benguo Tang
    Name: Benguo Tang
    Title: Director

 

  Global Wise Technologies Limited
   
  By: /s/ Xiaotong Wang
    Name: Xiaotong Wang
    Title: Director

 

  Sunshine Nation Limited
   
  By: /s/ Siyuan Du
    Name: Siyuan Du
    Title: Director

 

  Mr. Qicai Du
     
  By: /s/ Qicai Du

 

  Baring Asia II Holdings (22) Limited
   
  By: /s/ Peter Touzeau
    Name:  Peter Touzeau
    Title:    Director

 

 

 
 

 

Schedule A

 

Rollover Shares

 

Rollover Shareholder Name   Address   Rollover Shares     Parent Shares  
Jointly Gold Technologies Limited   Unit F, 33/F, NEO Tower A, Chegongmiao, Futian District,
Shenzhen, 518040 PRC
Attention: Mr. Dong Xu
Facsimile: 86-755-82889123
E-mail: xud@noaheducation.com
    8,073,200       8,073,200  
First Win Technologies Limited   8/F, AB Tower, Tianjing Building, Tian’an Che Gongmiao Industrial Area, Futian District,
Shenzhen, PRC
Attention: Mr. Benguo Tang
Facsimile: 86-0755-82049670
E-mail: tangbg@126.com
    5,268,268       5,268,268  
Global Wise Technologies Limited   Unit F, 33/F, NEO Tower A, Chegongmiao, Futian District,
Shenzhen, 518040 PRC
Attention: Mr. Xiaotong Wang
Facsimile: 86-755-82889123
E-mail: 13352916518@189.cn
    4,288,660       4,288,660  
Sunshine Nation Limited   5/F Wuyixinganxian, Building A
#717 Wuyi Road,
Changsha City,
Hunan Province, PRC
Attention: Ms. Siyuan Du
Facsimile: 86-0731-82682660
E-mail: sydd18@hotmail.com
    2,547,743       2,547,743  
Mr. Qicai Du   Suite o, 4/F, Building A, Fortune Square, North of Shennan Road,
Futian District,
Shenzhen, 518000 PRC
Attention: Mr. Qicai Du
Facsimile: 86-0755-83020022
E-mail: duqicai@vip.tom.com
    1,398,804       1,398,804  
Baring Asia II Holdings (22) Limited   Baring Asia Fund Managers II Limited, 1 Royal Plaza, Royal Avenue, St Peter Port, Guernsey GY1 2HL
Attention: Peter Touzeau
Facsimile: +44 (0) 1481 715219
E-mail: Peter.Touzeau@ipes.com
 
With a copy to each of (which alone shall not constitute notice):
 
Baring Private Equity Asia Limited,
Suite 3801
Two International Finance Centre
8 Finance Street
Central, Hong Kong
Attention: Patrick Cordes
Facsimile: +852 2843 9372
E-mail: PatrickCordes@bpeasia.com
 
Weil, Gotshal & Manges LLP
29/F Alexandra House
18 Chater Road, Central
Hong Kong
Attention: Akiko Mikumo
Facsimile: +852 3015 9354
E-mail: Akiko.Mikumo@weil.com
    3,364,669       3,364,669