1.
|
NAMES OF REPORTING PERSONS
|
|
|
||
Hudson Global Finance DE II, LLC
|
|
|
|||
|
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
|
|
|
||
(a) ☐ (b) ☐ |
|
|
|||
|
|
||||
3.
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
4.
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐
|
|
|
||
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH
|
7. |
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8. |
SHARED VOTING POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
9. |
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10. |
SHARED DISPOSITIVE POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
||
(SEE INSTRUCTIONS) ☐ |
|
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
24.3%
|
|
|
|||
|
|
||||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
1.
|
NAMES OF REPORTING PERSONS
|
|
|
||
Hudson Sustainable Investment Management, LLC
|
|
|
|||
|
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
|
|
|
||
(a) ☐ (b) ☐ |
|
|
|||
|
|
||||
3.
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
4.
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐
|
|
|
||
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH
|
7. |
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8. |
SHARED VOTING POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
9. |
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10. |
SHARED DISPOSITIVE POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
||
(SEE INSTRUCTIONS) ☐ |
|
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
24.3%
|
|
|
|||
|
|
||||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
1.
|
NAMES OF REPORTING PERSONS
|
|
|
||
Hudson Sustainable Investments, LLC
|
|
|
|||
|
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
|
|
|
||
(a) ☐ (b) ☐ |
|
|
|||
|
|
||||
3.
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
4.
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐
|
|
|
||
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH
|
7. |
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8. |
SHARED VOTING POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
9. |
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10. |
SHARED DISPOSITIVE POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
||
(SEE INSTRUCTIONS) ☐ |
|
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
24.3%
|
|
|
|||
|
|
||||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
1.
|
NAMES OF REPORTING PERSONS
|
|
|
||
Hudson Clean Energy Enterprises LLC
|
|
|
|||
|
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
|
|
|
||
(a) ☐ (b) ☐ |
|
|
|||
|
|
||||
3.
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
4.
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐
|
|
|
||
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH
|
7. |
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8. |
SHARED VOTING POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
9. |
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10. |
SHARED DISPOSITIVE POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
||
(SEE INSTRUCTIONS) ☐ |
|
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
24.3%
|
|
|
|||
|
|
||||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
1.
|
NAMES OF REPORTING PERSONS
|
|
|
||
Auerbach Partners, L.P.
|
|
|
|||
|
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
|
|
|
||
(a) ☐ (b) ☐ |
|
|
|||
|
|
||||
3.
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
4.
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐
|
|
|
||
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH
|
7. |
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8. |
SHARED VOTING POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
9. |
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10. |
SHARED DISPOSITIVE POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
||
(SEE INSTRUCTIONS) ☐ |
|
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
24.3%
|
|
|
|||
|
|
||||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
PN
|
|
|
|||
|
|
1.
|
NAMES OF REPORTING PERSONS
|
|
|
||
Auerbach Children’s Dynasty Trust u/a/d October 9, 2012
|
|
|
|||
|
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
|
|
|
||
(a) ☐ (b) ☐ |
|
|
|||
|
|
||||
3.
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
4.
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐
|
|
|
||
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH
|
7. |
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8. |
SHARED VOTING POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
9. |
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10. |
SHARED DISPOSITIVE POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
||
(SEE INSTRUCTIONS) ☐ |
|
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
24.3%
|
|
|
|||
|
|
||||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
1.
|
NAMES OF REPORTING PERSONS
|
|
|
||
Auerbach Family Dynasty Trust u/a/d October 9, 2012
|
|
|
|||
|
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
|
|
|
||
(a) ☐ (b) ☐ |
|
|
|||
|
|
||||
3.
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
4.
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐
|
|
|
||
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH
|
7. |
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8. |
SHARED VOTING POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
9. |
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10. |
SHARED DISPOSITIVE POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
||
(SEE INSTRUCTIONS) ☐ |
|
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
24.3%
|
|
|
|||
|
|
||||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
1.
|
NAMES OF REPORTING PERSONS
|
|
|
||
Judith Auerbach
|
|
|
|||
|
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
|
|
|
||
(a) ☐ (b) ☐ |
|
|
|||
|
|
||||
3.
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
4.
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐
|
|
|
||
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH
|
7. |
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8. |
SHARED VOTING POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
9. |
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10. |
SHARED DISPOSITIVE POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
||
(SEE INSTRUCTIONS) ☐ |
|
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
24.3%
|
|
|
|||
|
|
||||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN
|
|
|
|||
|
|
1.
|
NAMES OF REPORTING PERSONS
|
|
|
||
Neil Z. Auerbach
|
|
|
|||
|
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
|
|
|
||
(a) ☐ (b) ☐ |
|
|
|||
|
|
||||
3.
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
4.
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☐
|
|
|
||
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH
|
7. |
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8. |
SHARED VOTING POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
9. |
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10. |
SHARED DISPOSITIVE POWER
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
101,949,906
|
|
|
|||
|
|
||||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
||
(SEE INSTRUCTIONS) ☐ |
|
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
24.3%
|
|
|
|||
|
|
||||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN
|
|
|
|||
|
|
Seller
|
|
Number of
Ordinary Shares (excluding Ordinary Shares represented by ADS) Sold |
|
Per
Ordinary Share Consideration (in US$) |
|
Number of
ADSs Sold (1 ADS represents 20 Ordinary Shares) |
|
Per ADS
Consideration (in US$) |
|
Number of
Ordinary Shares (including Ordinary Shares represented by ADSs) Sold |
|
Total
Consideration (in US$) |
|
IDG-ACCEL China Capital L.P.
|
|
78,335,914
|
|
0.25/Ordinary Share
|
|
955,900
|
|
5.00/ADS
|
|
97,453,914
|
|
24,363,478.5
|
|
IDG-ACCEL China Capital Investors L.P.
|
|
3,613,992
|
|
0.25/Ordinary Share
|
|
44,100
|
|
5.00/ADS
|
|
4,495,992
|
|
1,123,998
|
|
Total
|
|
81,949,906
|
|
|
|
1,000,000
|
|
|
|
101,949,906
|
|
25,487,476.50
|
|
|
Shares
Beneficially
Owned
|
|
Percentage of
Total*
|
|
Sole
Voting
Power
|
|
Shared Voting
Power
|
|
Sole
Dispositive
Power
|
|
Shared
Dispositive
Power
|
|
Hudson Global Finance DE II, LLC
|
|
101,949,906
|
|
24.3
|
%
|
0
|
|
101,949,906
|
|
0
|
|
101,949,906
|
|
Hudson Sustainable Investment Management, LLC
|
|
101,949,906
|
|
24.3
|
%
|
0
|
|
101,949,906
|
|
0
|
|
101,949,906
|
|
Hudson Sustainable Investments, LLC
|
|
101,949,906
|
|
24.3
|
%
|
0
|
|
101,949,906
|
|
0
|
|
101,949,906
|
|
Hudson Clean Energy Enterprises LLC
|
|
101,949,906
|
|
24.3
|
%
|
0
|
|
101,949,906
|
|
0
|
|
101,949,906
|
|
Auerbach Partners, L.P.
|
101,949,906
|
|
24.3
|
%
|
0
|
|
101,949,906
|
|
0
|
|
101,949,906
|
||
Auerbach Children’s Dynasty Trust u/a/d October 9, 2012
|
|
101,949,906
|
|
24.3
|
%
|
0
|
|
101,949,906
|
|
0
|
|
101,949,906
|
|
Auerbach Family Dynasty Trust u/a/d October 9, 2012
|
|
101,949,906
|
|
24.3
|
%
|
0
|
|
101,949,906
|
|
0
|
|
101,949,906
|
|
Judith Auerbach
|
|
101,949,906
|
|
24.3
|
%
|
0
|
|
101,949,906
|
|
0
|
|
101,949,906
|
|
Neil Z. Auerbach
|
|
101,949,906
|
|
24.3
|
%
|
0
|
|
101,949,906
|
|
0
|
|
101,949,906
|
Exhibit
No. |
|
Description
|
|
|
|
99.1
|
|
Stock Purchase Agreement, by and among Hudson Global Finance DE II, LLC, IDG-Accel China Capital L.P. and IDG-Accel China Capital Investors L.P., dated as of November 14, 2019.
|
99.2
|
|
Shareholders Agreement, by and among Fusion-Lynx Holdings, Japan NK Investment K.K. and Hudson Global Finance DE II, LLC, dated as of November 14, 2019.
|
99.3
|
|
Joint Filing Agreement by and among the Reporting Persons, dated as of November 22, 2019.
|
HUDSON GLOBAL FINANCE DE II, LLC | ||||
By: Hudson Sustainable Investment Management, LLC, its sole member | ||||
By: Hudson Sustainable Investments, its sole member | ||||
|
||||
|
||||
By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Chief Executive Officer | |||
HUDSON SUSTAINABLE INVESTMENT MANAGEMENT, LLC | ||||
By: Hudson Sustainable Investments, its sole member | ||||
|
||||
|
||||
By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Chief Executive Officer | |||
HUDSON SUSTAINABLE INVESTMENTS, LLC | ||||
|
||||
|
||||
By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Chief Executive Officer | |||
HUDSON CLEAN ENERGY ENTERPRISES LLC | ||||
By: Auerbach Partners, L.P., its Managing Member | ||||
By: Auerbach Children’s Dynasty Trust u/a/d October 9, 2012, its general partner | ||||
|
||||
|
||||
By: |
/s/ Judith Auerbach | |||
Name: | Judith Auerbach | |||
Title: | Trustee | |||
By: Auerbach Family Dynasty Trust u/a/d October 9, 2012, its general partner | ||||
|
||||
|
||||
By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Trustee |
AUERBACH PARTNERS, L.P. | ||||
By: Auerbach Children’s Dynasty Trust u/a/d October 9, 2012, its general partner | ||||
|
||||
|
||||
By: |
/s/ Judith Auerbach | |||
Name: | Judith Auerbach | |||
Title: | Trustee |
|||
By: Auerbach Family Dynasty Trust u/a/d October 9, 2012, its general partner | ||||
|
||||
By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Trustee |
|||
AUERBACH CHILDREN’S DYNASTY TRUST U/A/D OCTOBER 9, 2012 | ||||
|
||||
|
||||
By: |
/s/ Judith Auerbach | |||
Name: | Judith Auerbach | |||
Title: | Trustee |
|||
AUERBACH FAMILY DYNASTY TRUST U/A/D OCTOBER 9, 2012 | ||||
|
||||
|
||||
By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Trustee |
|||
JUDITH AUERBACH | ||||
|
||||
|
||||
By: |
/s/ Judith Auerbach | |||
NEIL Z. AUERBACH | ||||
|
||||
|
||||
By: |
/s/ Neil Z. Auerbach | |||
ARTICLE I PURCHASE AND SALE OF SHARES
|
||
1.1
|
Purchase and Sale of Shares
|
1
|
1.2
|
Purchase Price
|
1
|
1.3
|
The Closing
|
2
|
1.4
|
Closing Deliverables
|
2
|
1.5
|
Defined Terms Used in this Agreement
|
2
|
1.6
|
General Interpretive Principles
|
6
|
ARTICLE II REPRESENTATIONS AND WARRANTIES OF EACH SELLER
|
||
2.1
|
Organization and Good Standing
|
7
|
2.2
|
Title to Shares
|
7
|
2.3
|
Authorization
|
8
|
2.4
|
Consent and Approval
|
8
|
2.5
|
Non-Contravention
|
8
|
2.6
|
Brokers and Finders
|
8
|
2.7
|
Litigation
|
8
|
2.8
|
No Other Representations
|
8
|
ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
|
||
3.1
|
Organization and Good Standing
|
9
|
3.2
|
Authorization
|
9
|
3.3
|
Consent and Approval
|
9
|
3.4
|
Non-Contravention
|
9
|
3.5
|
Brokers and Finders
|
9
|
3.6
|
Litigation
|
10
|
3.7
|
Purchase for Investment
|
10
|
3.8
|
No Violation
|
10
|
3.9
|
No Other Representations
|
11
|
ARTICLE IV COVENANTS
|
||
4.1
|
Publicity
|
11
|
4.2
|
Confidentiality
|
11
|
4.3
|
Efforts of Parties to Close
|
11
|
4.4
|
Notification of Certain Matters
|
12
|
ARTICLE V CONDITIONS TO CLOSING
|
||
5.1
|
Mutual Conditions
|
12
|
5.2
|
Conditions to Obligation of the Purchaser
|
12
|
5.3
|
Conditions to Obligations of Each Seller
|
13
|
5.4
|
Waiver of Conditions
|
14
|
ARTICLE VI TERMINATION
|
||
6.1
|
Termination
|
14
|
6.2
|
Effect of Termination.
|
15
|
ARTICLE VII SURVIVAL; INDEMNIFICATION
|
||
7.1
|
Survival
|
16
|
7.2
|
Indemnification by Sellers
|
16
|
7.3
|
Indemnification by the Purchaser
|
16
|
7.4
|
Indemnification Procedures
|
17
|
7.5
|
Exclusive Remedy
|
17
|
7.6
|
Limitation of Sellers’ Liability
|
18
|
7.7
|
Limitation of Purchaser’s Liability
|
18
|
ARTICLE VIII DISPUTE RESOLUTION
|
||
8.1
|
Consultation
|
18
|
8.2
|
Arbitration
|
18
|
ARTICLE IX MISCELLANEOUS
|
||
9.1
|
Notices
|
20
|
9.2
|
Adjustment for Share Combination, etc.
|
21
|
9.3
|
Binding Effect; Assignments
|
21
|
9.4
|
Governing Law
|
21
|
9.5
|
Counterparts
|
21
|
9.6
|
Titles and Subtitles
|
21
|
9.7
|
Fees and Expenses
|
22
|
9.8
|
Amendments and Waivers
|
22
|
9.9
|
Severability
|
22
|
9.10
|
Waiver
|
22
|
9.11
|
Entire Agreement; Construction
|
22
|
9.12
|
Representation by Counsel
|
22
|
9.13
|
Limited Liability of Representatives of Sellers and Purchaser
|
23
|
9.14
|
Several Liability of the Sellers
|
23
|
For each Seller:
|
||
IDG-Accel China Capital L.P.
|
||
By: IDG-Accel China Capital Associates L.P., its General Partner
|
||
By: IDG-Accel China Capital GP Associates Ltd., its General Partner
|
||
By:
|
/s/ Chi Sing Ho
|
|
Name: Chi Sing Ho
|
||
Title: Authorized Signatory
|
||
IDG-Accel China Capital Investors L.P.
|
||
By: IDG-Accel China Capital GP Associates Ltd., its General Partner
|
||
By:
|
/s/ Chi Sing Ho
|
|
Name: Chi Sing Ho
|
||
Title: Authorized Signatory
|
For the Purchaser:
|
||
Hudson Global Finance DE II, LLC
|
||
By:
|
/s/ Neil Z. Auerbach
|
|
Name: Neil Z. Auerbach
|
||
Title: Authorized Signatory
|
Seller
|
Ultimate Beneficial Owner /
Controlling Persons
|
American Depositary
Shares
(Each Representing 8
Ordinary Shares)*
|
Ordinary Shares
|
||
IDG-Accel China Capital L.P.
|
IDG-Accel China Capital GP Associates Ltd.; Mr. Quan Zhou, a citizen of the United States of America; and Mr. Chi Sing Ho, a Canadian citizen
|
2,389,750
|
78,335,914
|
||
IDG-Accel China Capital Investors L.P.
|
IDG-Accel China Capital GP Associates Ltd.; Mr. Quan Zhou, a citizen of the United States of America; and Mr. Chi Sing Ho, a Canadian citizen
|
110,250
|
3,613,992
|
||
Total for Sellers
|
2,500,000
|
81,949,906
|
|||
*
|
Number of American Depositary Shares to be automatically adjusted in the event of a change in the ADS to Ordinary Share ratio.
|
1.1 |
Certain Definitions | 1 |
1.2 |
Other Defined Terms | 7 |
1.3 |
Interpretation | 9 |
2.1 |
General | 10 |
2.2 |
Composition of the Board of Directors; Committees | 10 |
2.3 |
Removal and Replacement of Directors | 11 |
2.4 |
Board Meetings | 12 |
2.5 |
Action by the Board | 12 |
2.6 |
Remuneration of Directors | 13 |
2.7 |
Management | 13 |
2.8 |
Director Information Rights | 14 |
3.1 |
General | 14 |
3.2 |
Composition of the Target Board of Directors; Committees | 14 |
3.3 |
Removal and Replacement of Target Directors | 15 |
3.4 |
Target Board Meetings | 16 |
3.5 |
Action by the Target Board | 17 |
3.6 |
Remuneration of Target Directors | 17 |
3.7 |
Target Management | 17 |
3.8 |
Target Director Information Rights | 18 |
4.1 |
Information Rights | 19 |
4.2 |
Business Plans | 19 |
4.3 |
Access | 19 |
5.1 |
General |
20 |
5.2 |
Procedures | 20 |
5.3 |
Sales by the Company | 21 |
6.1 |
General | 21 |
6.2 |
Permitted Transfers | 21 |
6.3 |
Prohibited Transfers | 22 |
6.4 |
Right of First Refusal | 22 |
6.5 |
Tag-Along Right | 23 |
6.6 |
No Circumvention of Share Transfer Restrictions | 24 |
7.1 |
Legend | 25 |
7.2 |
Stop Transfer Instructions | 25 |
8.1 |
Investor Transactions | 25 |
8.2 |
Exit | 26 |
8.3 |
Incentive Programs | 26 |
8.4 |
Confidentiality | 26 |
8.5 |
Insurance Coverage | 27 |
8.6 |
Listing Vehicle | 27 |
8.7 |
Registration Rights | 28 |
8.8 |
Indemnification | 28 |
8.9 |
Compliance with Anti-corruption Laws | 28 |
8.10 |
FATCA | 29 |
8.11 |
Tax Information and Assistance | 29 |
8.12 |
Tax Status | 29 |
8.13 |
PFIC | 30 |
8.14 |
Withholding Taxes | 30 |
8.15 |
Significant Shareholder | 30 |
9.1 |
Notices | 30 |
9.2 |
Successors and Assigns; Binding Effect; Benefits | 31 |
9.3 |
Severability | 31 |
9.4 |
Termination | 31 |
9.5 |
Amendment; Waiver | 32 |
9.6 |
Governing Law | 32 |
9.7 |
Dispute Resolution | 32 |
9.8 |
Specific Performance | 33 |
9.9 |
Representations and Warranties | 33 |
9.10 |
Counterparts | 33 |
9.11 |
Further Assurances | 33 |
9.12 |
Conflict; Amendment to Organizational Documents | 33 |
9.13 |
Titles and Subtitles | 34 |
9.14 |
Entire Agreement | 34 |
9.15 |
Delays or Omissions | 34 |
9.16 |
Telecopy Execution and Delivery | 34 |
9.17 |
Aggregation of Shares | 34 |
9.18 |
Non-Recourse | 34 |
9.19 |
Mutual Drafting | 35 |
9.20 |
No Partnership | 35 |
SCHEDULE A | SHAREHOLDING |
|
|
EXHIBIT A | FORM OF ADHERENCE AGREEMENT |
|
|
EXHIBIT B | NOTICE ADDRESSES |
Affiliate
|
1
|
Agreement
|
1
|
Anti-corruption Laws
|
2
|
Arbitral Tribunal
|
32
|
Board
|
2
|
Business Day
|
2
|
Buyer
|
22
|
Cause
|
2
|
Change of Control
|
2
|
Company
|
1
|
Confidential Information
|
26
|
Contract
|
2
|
Director
|
2
|
Disclosing Party
|
27
|
Employee Incentive Program
|
26
|
Exchange Act
|
2
|
Existing Parties
|
1
|
Extension Period
|
23
|
FATCA
|
2
|
FATCA Agreement
|
3
|
FATCA Withholding Tax
|
29
|
Final Pre-Emptive Date
|
20
|
Fully Participating Investor
|
20
|
Fully-Diluted Basis
|
3
|
Government Official
|
3
|
Governmental Approvals
|
23
|
Governmental Authority
|
3
|
Group
|
3
|
Group Company
|
3
|
Hong Kong
|
3
|
Hudson
|
1
|
Hudson Defined Competitors
|
3
|
IFRS
|
3
|
Indemnified Liabilities
|
28
|
Indemnified Parties
|
28
|
Investor
|
1
|
Investor Transactions
|
1
|
Investor Transactions Closing
|
1
|
Investors
|
1
|
IPO
|
3
|
Issuance Notice
|
20
|
Japan Business
|
4
|
Japan Business Board Committee
|
11
|
Japan Business Plan
|
4
|
Japan Business Target Board Committee
|
15
|
Japan Management
|
13
|
Japanese GAAP
|
4
|
JNKI
|
1
|
JNKI Defined Competitors
|
4
|
Joint Venture Committee
|
11
|
Key Officers
|
13
|
Key Person
|
4
|
Law
|
4
|
LCIA Rules
|
32
|
Listing Vehicle
|
4
|
Macau
|
4
|
Management Members
|
4
|
Minimum Ownership Amount
|
4
|
New Securities
|
4
|
Non-Transferring Shareholders
|
22
|
Ordinary Shares
|
5
|
Organizational Documents
|
5
|
Parties
|
1
|
Party
|
1
|
Permitted Transferee
|
5
|
person
|
5
|
PFIC
|
30
|
PRC
|
5
|
Pre-Emptive Period
|
20
|
Proposed Business Plans
|
19
|
Public Shares
|
5
|
Restricted Period
|
5
|
ROFR Acceptance Period
|
22
|
ROFR Closing
|
23
|
ROFR Notice of Acceptance
|
22
|
ROFR Shares
|
22
|
ROFR Transfer Notice
|
22
|
RoW Business
|
5
|
RoW Business Plan
|
5
|
ROW Business Target Board Committee
|
15
|
RoW Management
|
14
|
Second Anniversary
|
6
|
Shareholder
|
6
|
Shareholder Meeting
|
6
|
Shares
|
6
|
Significant Shareholder
|
1
|
Sky Solar Japan
|
4
|
Specified Investors
|
6
|
Subsidiary
|
6
|
Tag Pro Rata Share
|
6
|
Tag-Along Right
|
23
|
Tag-Along Shares
|
24
|
Tag-Along Transfer
|
23
|
Taiwan
|
6
|
Target
|
1
|
Target Board
|
6
|
Target Director
|
6
|
Target Key Officers
|
17
|
tax
|
6
|
Third Party
|
6
|
Trade Sale
|
7
|
Transfer
|
7
|
Transferred
|
7
|
Transferring
|
7
|
Transferring Shareholder
|
22
|
US GAAP
|
7
|
US$
|
9
|
Withholding Taxes
|
3
|
FUSION-LYNX HOLDINGS | |||
|
|||
|
|||
By: |
/s/ Chen Rui |
||
Name: |
Chen Rui | ||
Title: |
Director | ||
JAPAN NK INVESTMENT KK | |||
|
|||
|
|||
By: |
/s/ Toshi Taga | ||
Name: |
Toshi Taga | ||
Title: |
Representative Director | ||
HUDSON GLOBAL FINANCE DE II, LLC | |||
|
|||
|
|||
By: |
/s/ Neil Z. Auerbach | ||
Name: |
Neil Z. Auerbach | ||
Title: |
Authorized Signatory | ||
Name of Investor
|
Number of Ordinary Shares1
|
Percentage of
Shares Held
|
Japan NK Investment KK
|
[●]
|
45.00%
|
Hudson Global Finance DE II, LLC
|
[●]
|
45.00%
|
Significant Shareholder
|
[●]
|
10.00%
|
Total:
|
[●]
|
100%
|
|
[New [Shareholder]/[Investor]’s Name] | ||
|
|
|
|
|
By: |
|
|
|
Name: |
|
|
|
Title: |
|
|
|
|
|
|
|
|
|
|
|
Notice details |
||
|
|
|
|
|
|
|
|
|
Address: |
[●] | |
|
|
|
|
|
Facsimile: |
[●] | |
|
|
|
|
E-mail: |
[●] | ||
with a copy to (which shall not constitute notice): |
|||
|
[●] |
|
|
Address: |
[●] | ||
Facsimile: |
[●] | ||
E-mail: |
[●] |
Company:
|
Fusion-Lynx Holdings
c/o Japan NK Investment KK
9th Fl. Kotobuki Bldg.,
10-4, Iwamotocho-3chome, Chiyoda-ku, Tokyo 101-0032 Japan
Attention: Toshi Taga
Facsimile: +81-3-5839-2048
E-mail: t.taga@jnki.net
With a copy (which shall not constitute notice) to:
Skadden, Arps, Slate, Meagher & Flom LLP
Izumi Garden Tower, 21st Floor 1-6-1, Roppongi, Minato-ku, Tokyo, 106-6021 Japan
Attention: Kenji Taneda
Facsimile: +81-3-3568-2626
E-mail: kenji.taneda@skadden.com
|
JNKI:
|
Japan NK Investment KK
9th Fl. Kotobuki Bldg., 10-4, Iwamotocho-3chome, Chiyoda-ku, Tokyo 101-0032 Japan
Attention: Toshi Taga
Facsimile: +81-3-5839-2048
E-mail: t.taga@jnki.net
With a copy (which shall not constitute notice) to:
Skadden, Arps, Slate, Meagher & Flom LLP
Izumi Garden Tower, 21st Floor 1-6-1, Roppongi, Minato-ku, Tokyo, 106-6021 Japan
Attention: Kenji Taneda
Facsimile: +81-3-3568-2626
E-mail: kenji.taneda@skadden.com
|
Hudson:
|
Hudson Global Finance DE II, LLC
c/o Hudson Sustainable Investments, LLC
850 Third Avenue, Suite 1306
New York, New York 10022
United States
Attention: Neil Auerbach
E-mail: neil.auerbach@hudsonsi.com
With a copy (which shall not constitute notice) to:
|
K&L Gates LLP
599 Lexington Avenue
New York, NY 10022
United States
Attention: Ed Dartley, Esq.
Facsimile: +1-212-536-3901
E-mail: ed.dartley@klgates.com
|
HUDSON GLOBAL FINANCE DE II, LLC | ||||
By: Hudson Sustainable Investment Management, LLC, its sole member | ||||
By: Hudson Sustainable Investments, its sole member | ||||
|
||||
|
||||
By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Chief Executive Officer | |||
HUDSON SUSTAINABLE INVESTMENT MANAGEMENT, LLC | ||||
By: Hudson Sustainable Investments, its sole member | ||||
|
||||
|
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By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Chief Executive Officer | |||
HUDSON SUSTAINABLE INVESTMENTS, LLC | ||||
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By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Chief Executive Officer | |||
HUDSON CLEAN ENERGY ENTERPRISES LLC | ||||
By: Auerbach Partners, L.P., its Managing Member | ||||
By: Auerbach Children’s Dynasty Trust u/a/d October 9, 2012, its general partner | ||||
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By: |
/s/ Judith Auerbach | |||
Name: | Judith Auerbach | |||
Title: | Trustee | |||
By: Auerbach Family Dynasty Trust u/a/d October 9, 2012, its general partner | ||||
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By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Trustee |
AUERBACH PARTNERS, L.P. | ||||
By: Auerbach Children’s Dynasty Trust u/a/d October 9, 2012, its general partner | ||||
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By: |
/s/ Judith Auerbach | |||
Name: | Judith Auerbach | |||
Title: | Trustee |
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By: Auerbach Family Dynasty Trust u/a/d October 9, 2012, its general partner | ||||
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By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Trustee |
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AUERBACH CHILDREN’S DYNASTY TRUST U/A/D OCTOBER 9, 2012 | ||||
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By: |
/s/ Judith Auerbach | |||
Name: | Judith Auerbach | |||
Title: | Trustee |
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AUERBACH FAMILY DYNASTY TRUST U/A/D OCTOBER 9, 2012 | ||||
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By: |
/s/ Neil Z. Auerbach | |||
Name: | Neil Z. Auerbach | |||
Title: | Trustee |
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JUDITH AUERBACH | ||||
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By: |
/s/ Judith Auerbach | |||
NEIL Z. AUERBACH | ||||
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By: |
/s/ Neil Z. Auerbach | |||