EX-99.3 4 ea165583ex99-3_scienjoy.htm STOCK BLOCK TRADING AGREEMENT, DATED AUGUST 25, 2022, BY AND BETWEEN COSMIC SOAR LIMITED AND ZHANWEN GUO (ENGLISH TRANSLATION)

Exhibit 3

 

Stock Block Trading Agreement

 

(English Translation, for reference only)

 

This Stock Block Trading Agreement (this “Agreement”) is entered into by and between the following parties on August 25, 2022 in Beijing, the People’s Republic of China (“China” or the “PRC”):

 

Party A: Cosmic Soar Limited, an exempted company duly incorporated and validly existing under the Laws of British Virgin Islands.

 

Party B: Zhanwen Guo

 

Whereas:

 

1.Scienjoy Holding Corporation(思享无限控股有限公司,hereinafter referred to as the “Company” or “SHC”),is a company limited by stocks duly established and validly existing, and its public offering stocks are listed and traded on NASDAQ Stock Exchange of the U.S. (NASDAQ:SJ),

 

2.Party A, as a holder of SJ stocks, intends to sell 550,000 unrestricted stocks of SJ (the “Target Stocks”) through block trading.

 

In accordance with relevant laws and regulations, two parties have made agreements with respect to sale of such SJ Stocks through block trading, as follows:

 

1.Purchase and Sale of Stocks

 

1.1 Party A shall transfer the Target Stocks to Party B through block trading on the Trading Date specified in this agreement, and Party B shall purchase the Target Stocks transferred by Party A through block trading and pay the price to Party A according to this Agreement.

 

1.2 Trading Date: August 26, 2022

 

1.3 Number of Target Stocks: 550,000

 

1.4 Purchase Price (per stock price / total price): The price per stock is US$3.51, and the total price is US$ 1,930,500. The strike price of the stock is the closing market price on the execution date of this Agreement.

 

1.5 Trading Process: Party A shall transfer such number of the Target Stocks to Party B’s securities account on the Trading Date, and Party B shall pay Party A the total Purchase Price within six (6) months thereafter.

 

1.6 From the date of this Agreement to the Trading Date, each party has the right to unilaterally terminate this Agreement, with a notice at least two (2) business days prior to the Trading Date, or otherwise the termination of this Agreement shall be invalid. The termination notice shall be delivered in written form (including but not limited to email, short message via mobile phone, WeChat message and fax) to another party’s communication terminals such as email server, mobile phone or fax, which will be deemed as its acceptance.

 

 

 

 

2.Parties’ Information

 

3.Representations and Warranties

 

3.1 Each party has all of its rights, authorities and necessary capacities to execute and perform this Agreement.

 

3.2 The representative of each party who signs this Agreement on behalf of such party shall have obtained all necessary corporative authorization in due course for such party’s execution, delivery and performance of this Agreement.

 

3.3 The documents, materials and information offered and delivered by each party are true, legal, accurate and effective.

 

3.4 Each party undertakes that it has performed all necessary procedures for the trading in compliance with all relevant securities laws and regulations in U.S..

 

4.Confidentiality

 

Each party undertakes that any documents, materials and information for discussion, execution and performance of this Agreement, including but not limited to trade secrets, company’s plans, operating activities, financial information, technologies, business information and any other business secrets, which belongs to another party and not available from the public, shall be treated as confidential information. Without prior consent from the information providing party, any other parties shall not disclose all or part of the confidential information to any third party, unless otherwise provided in applicable laws and regulations or mutually agreed by the parties.

 

5.Effectiveness

 

5.1 If there is any discrepancy between this Agreement and previous agreements between the parties or the Articles of Association of the Company, this Agreement shall prevail.

 

5.2 The parties can make supplementary agreements to this Agreement with respect to any matters not provided in this Agreement through friendly consultation. The supplementary agreement shall be construed as part of this Agreement, and if there is any discrepancy between the supplementary agreement and this Agreement, the supplementary agreement shall apply.

 

6.Liability of Breaching

 

6.1 Any party who violates this Agreement shall indemnify and hold harmless the observant party from and against any and all losses suffered by observant party as a result of or based upon or arising from the breaching party’s violations. The observant party has the right to give a reasonable period for the breaching party to correct or remedy such breaches by written notice, with a result satisfactory to the observant party.

 

6.2 If Party B fails to fully pay the Purchase Price on time in accordance with this Agreement, Party B shall pay Party A liquidated damages calculated based on the unpaid price with a rate of 0.03% per day, from the day following the Trading Date to the actual payment date.

 

6.3 If Party A fails to transfer all of the Target Stocks on time in accordance with this Agreement, it shall communicate with Party B in a timely manner. In case of delays caused by brokers, agents and other intermediary agencies, Party A shall coordinate with the security issuing company of the Target Stocks to make all reasonable efforts to cooperate and propel relevant agencies to complete the registration of transfer of the Target Stocks. In case of delay due to the reason attributable to Party A, Party A shall pay Party B liquidated damages based on the purchase price corresponding to such part of the Target Stocks not transferred, with a rate of 0.03% per day from the Trading Date to the completion date of transfer of all Target Stocks.

 

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7.Notices

 

All notices and circulation of the documents given pursuant to this Agreement can be delivered by letters, faxes, telegrams, e-mails, short messages via mobile phones.

 

8.Governing Law and Resolution of Disputes

 

8.1 The execution, construction and performance of this Agreement and the resolution of disputes hereunder shall be governed by the laws of PRC.

 

8.2 In the event of any dispute arising from the performance of this Agreement, the parties shall first resolve the dispute through friendly negotiations. In the event the parties fail to reach an agreement or are unwilling to negotiate on the dispute, either party may submit relevant dispute to the Beijing Arbitration Commission for arbitration.

 

9.Effectiveness and Miscellaneous

 

9.1 This Agreement shall become effective upon execution by the parties.

 

9.2 In the event that any clause of this Agreement is found to be or becomes invalid or unenforceable by law or due to the reason not attributable to any party, both parties shall cooperate with each other and make all necessary amendments or modification to effectuate the trading hereunder.

 

9.3 This Agreement shall replace and supersede any verbal promise, agreement, or commitment between both parties with respect to the trading under this Agreement prior to execution of this Agreement.

 

9.4 This Agreement is made in two original copies, and each party holds one copy, and each copy has the same legal effect.

 

Party A: Cosmic Soar Limited

 

By:/s/ Sheng Hou

 

Party B: Zhanwen Guo

 

/s/ Zhanwen Guo

 

 

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