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Baidu, Inc. – ‘20-F’ for 12/31/18 – ‘EX-4.16’

On:  Friday, 3/15/19, at 4:34pm ET   ·   For:  12/31/18   ·   Accession #:  1193125-19-76779   ·   File #:  0-51469

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/15/19  Baidu, Inc.                       20-F       12/31/18  169:17M                                    Donnelley … Solutions/FA

Annual Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer      HTML   1.89M 
 2: EX-2.24     Plan of Acquisition, Reorganization, Arrangement,   HTML    555K 
                Liquidation or Succession                                        
 3: EX-2.25     Plan of Acquisition, Reorganization, Arrangement,   HTML    108K 
                Liquidation or Succession                                        
 4: EX-4.10     Instrument Defining the Rights of Security Holders  HTML     46K 
 5: EX-4.11     Instrument Defining the Rights of Security Holders  HTML     48K 
 6: EX-4.12     Instrument Defining the Rights of Security Holders  HTML     55K 
 7: EX-4.13     Instrument Defining the Rights of Security Holders  HTML     55K 
 8: EX-4.14     Instrument Defining the Rights of Security Holders  HTML     49K 
 9: EX-4.15     Instrument Defining the Rights of Security Holders  HTML     52K 
10: EX-4.16     Instrument Defining the Rights of Security Holders  HTML     53K 
11: EX-4.52     Instrument Defining the Rights of Security Holders  HTML    719K 
12: EX-4.54     Instrument Defining the Rights of Security Holders  HTML    366K 
13: EX-4.55     Instrument Defining the Rights of Security Holders  HTML    363K 
14: EX-4.56     Instrument Defining the Rights of Security Holders  HTML    106K 
15: EX-4.57     Instrument Defining the Rights of Security Holders  HTML     73K 
16: EX-4.58     Instrument Defining the Rights of Security Holders  HTML     81K 
17: EX-4.59     Instrument Defining the Rights of Security Holders  HTML     81K 
18: EX-4.60     Instrument Defining the Rights of Security Holders  HTML     60K 
19: EX-4.61     Instrument Defining the Rights of Security Holders  HTML     59K 
20: EX-4.62     Instrument Defining the Rights of Security Holders  HTML     76K 
21: EX-4.63     Instrument Defining the Rights of Security Holders  HTML     76K 
22: EX-4.64     Instrument Defining the Rights of Security Holders  HTML     44K 
23: EX-4.65     Instrument Defining the Rights of Security Holders  HTML     45K 
24: EX-4.66     Instrument Defining the Rights of Security Holders  HTML     78K 
25: EX-4.67     Instrument Defining the Rights of Security Holders  HTML     80K 
26: EX-4.68     Instrument Defining the Rights of Security Holders  HTML     74K 
27: EX-4.69     Instrument Defining the Rights of Security Holders  HTML    121K 
28: EX-4.70     Instrument Defining the Rights of Security Holders  HTML     76K 
29: EX-4.71     Instrument Defining the Rights of Security Holders  HTML     44K 
30: EX-4.72     Instrument Defining the Rights of Security Holders  HTML     44K 
31: EX-4.73     Instrument Defining the Rights of Security Holders  HTML     76K 
32: EX-4.74     Instrument Defining the Rights of Security Holders  HTML     76K 
33: EX-4.75     Instrument Defining the Rights of Security Holders  HTML     69K 
34: EX-4.76     Instrument Defining the Rights of Security Holders  HTML     53K 
35: EX-4.77     Instrument Defining the Rights of Security Holders  HTML     82K 
36: EX-4.78     Instrument Defining the Rights of Security Holders  HTML     80K 
37: EX-4.79     Instrument Defining the Rights of Security Holders  HTML     59K 
38: EX-4.80     Instrument Defining the Rights of Security Holders  HTML     45K 
39: EX-4.81     Instrument Defining the Rights of Security Holders  HTML     76K 
40: EX-4.82     Instrument Defining the Rights of Security Holders  HTML     76K 
41: EX-4.83     Instrument Defining the Rights of Security Holders  HTML     75K 
42: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     42K 
45: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     44K 
46: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     44K 
43: EX-12.1     Statement re: Computation of Ratios                 HTML     47K 
44: EX-12.2     Statement re: Computation of Ratios                 HTML     47K 
47: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     44K 
48: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     44K 
49: EX-15.3     Letter re: Unaudited Interim Financial Info         HTML     44K 
56: R1          Document and Entity Information                     HTML     76K 
57: R2          Consolidated Balance Sheets                         HTML    214K 
58: R3          Consolidated Balance Sheets (Parenthetical)         HTML     76K 
59: R4          Consolidated Statements Of Comprehensive Income     HTML    166K 
60: R5          Consolidated Statements Of Comprehensive Income     HTML     45K 
                (Parenthetical)                                                  
61: R6          Consolidated Statements of Cash Flows               HTML    242K 
62: R7          Consolidated Statements Of Shareholders' Equity     HTML    122K 
63: R8          Organization, Consolidation and Presentation Of     HTML    143K 
                Financial Statements                                             
64: R9          Summary of Significant Accounting Policies          HTML    225K 
65: R10         Business Combinations                               HTML     59K 
66: R11         Investments                                         HTML    134K 
67: R12         Accounts Receivable                                 HTML     62K 
68: R13         Other Current Assets                                HTML     53K 
69: R14         Fixed Assets                                        HTML     59K 
70: R15         Goodwill and Intangible Assets                      HTML     98K 
71: R16         Accounts Payable and Accrued Liabilities            HTML     58K 
72: R17         Loans Payable                                       HTML     64K 
73: R18         Notes Payable                                       HTML     78K 
74: R19         Convertible Notes                                   HTML     50K 
75: R20         Income Taxes                                        HTML    114K 
76: R21         Employee Defined Contribution Plan                  HTML     47K 
77: R22         Commitments and Contingencies                       HTML     75K 
78: R23         Redeemable Noncontrolling Interests                 HTML     63K 
79: R24         Shareholders' Equity                                HTML     95K 
80: R25         Earnings Per Share ("Eps")                          HTML    106K 
81: R26         Share-Based Awards Plan                             HTML    118K 
82: R27         Related Party Transactions                          HTML     78K 
83: R28         Segment Reporting                                   HTML    139K 
84: R29         Fair Value Measurement                              HTML    109K 
85: R30         Significant Accounting Policies (Policies)          HTML    314K 
86: R31         Organization, Consolidation and Presentation Of     HTML     90K 
                Financial Statements (Tables)                                    
87: R32         Summary of Significant Accounting Policies          HTML     70K 
                (Tables)                                                         
88: R33         Business Combinations (Tables)                      HTML     55K 
89: R34         Investments (Tables)                                HTML    112K 
90: R35         Accounts Receivable (Tables)                        HTML     61K 
91: R36         Other Current Assets (Tables)                       HTML     54K 
92: R37         Fixed Assets (Tables)                               HTML     57K 
93: R38         Goodwill and Intangible Assets (Tables)             HTML     97K 
94: R39         Accounts Payable and Accrued Liabilities (Tables)   HTML     58K 
95: R40         Loans Payable (Tables)                              HTML     56K 
96: R41         Notes Payable (Tables)                              HTML     80K 
97: R42         Income Taxes (Tables)                               HTML    104K 
98: R43         Commitments and Contingencies (Tables)              HTML     61K 
99: R44         Redeemable Noncontrolling Interests (Tables)        HTML     57K 
100: R45         Shareholders' Equity (Tables)                       HTML     89K  
101: R46         Earnings Per Share ("Eps") (Tables)                 HTML    116K  
102: R47         Share-Based Awards Plan (Tables)                    HTML    100K  
103: R48         Related Party Transactions (Tables)                 HTML     75K  
104: R49         Segment Reporting (Tables)                          HTML    139K  
105: R50         Fair Value Measurement (Tables)                     HTML     97K  
106: R51         Organization, Consolidation and Presentation Of     HTML     62K  
                Financial Statements - Additional Information                    
                (Detail)                                                         
107: R52         Financial Statement Balances and Amounts of VIEs    HTML    148K  
                and Subsidiaries Included in Consolidated                        
                Financial Statements After Elimination of                        
                Intercompany Balances and Transactions Among VIEs                
                and Subsidiaries within Group (Detail)                           
108: R53         Summary of Significant Accounting Policies -        HTML    165K  
                Additional Information (Detail)                                  
109: R54         Estimated Useful Lives of Fixed Assets (Detail)     HTML     65K  
110: R55         Weighted Average Useful Lives from Date of          HTML     60K  
                Purchase of Intangible Assets (Detail)                           
111: R56         Summary of Revenues Disaggregated by Revenue        HTML     68K  
                Source (Detail)                                                  
112: R57         Summary of Estimated Fair Values of Assets          HTML     73K  
                Acquired, Liabilities Assumed and Noncontrolling                 
                Interest (Detail)                                                
113: R58         Business Combinations - Additional Information      HTML     46K  
                (Detail)                                                         
114: R59         Investments - Short-term Investments - Additional   HTML     49K  
                information (Detail)                                             
115: R60         Investments - Long-term Investments - Additional    HTML    116K  
                information (Detail)                                             
116: R61         Schedule of Unrealized and Realized Gains and       HTML     55K  
                Losses of Equity Securities Without Readily                      
                Determinable Fair Values (Detail)                                
117: R62         Summarized Financial Information (Detail)           HTML    102K  
118: R63         Schedule of Investments at Amortized Cost and Fair  HTML    115K  
                Value (Detail)                                                   
119: R64         Accounts Receivable (Detail)                        HTML     53K  
120: R65         Movement in Allowance for Doubtful Accounts         HTML     52K  
                (Detail)                                                         
121: R66         Other Current Assets (Detail)                       HTML     62K  
122: R67         Fixed Assets (Detail)                               HTML     70K  
123: R68         Fixed Assets - Additional Information (Detail)      HTML     56K  
124: R69         Goodwill and Intangible Assets - Additional         HTML     52K  
                Information (Detail)                                             
125: R70         Changes in the Carrying Amount of Goodwill          HTML     70K  
                (Detail)                                                         
126: R71         Finite-Lived Intangible Assets (Detail)             HTML     73K  
127: R72         Estimated Amortization Expense Relating to          HTML     56K  
                Existing Intangible Assets with Finite Lives                     
                (Detail)                                                         
128: R73         Accounts Payable and Accrued Liabilities (Detail)   HTML     75K  
129: R74         Loans Payable - Additional Information (Detail)     HTML    115K  
130: R75         Loans Payable - Schedule of Short Term Loans        HTML     58K  
                (Detail)                                                         
131: R76         Loans Payable - Schedule of Short Term Loans        HTML     48K  
                (Parenthetical) (Detail)                                         
132: R77         Notes Payable - Summary of Company Issued and       HTML     94K  
                Publicly Sold Unsecured Senior Notes (Detail)                    
133: R78         Notes Payable - Additional Information (Detail)     HTML     98K  
134: R79         Principal Amount and Unamortized Discount and Debt  HTML     54K  
                Issuance Costs (Detail)                                          
135: R80         Repayment of Principal Amount of Long Term Debts    HTML     63K  
                (Detail)                                                         
136: R81         Convertible Notes - Additional Information          HTML     94K  
                (Detail)                                                         
137: R82         Income Taxes - Additional Information (Detail)      HTML    119K  
138: R83         Income Before Income Taxes (Detail)                 HTML     54K  
139: R84         Components of Income Tax (Detail)                   HTML     58K  
140: R85         Reconciliation of Effective Income Tax Provision    HTML     86K  
                of Tax Computed By Applying Statutory Income Tax                 
                Rate to Pre-Tax Income (Detail)                                  
141: R86         Tax Effects of Temporary Differences that Gave      HTML     83K  
                Rise to Deferred Tax Balances (Detail)                           
142: R87         Employee Defined Combination Plan - Additional      HTML     46K  
                Information (Detail)                                             
143: R88         Commitment and Contingencies - Additional           HTML     63K  
                Information (Detail)                                             
144: R89         Future Minimum Payments Under Non-Cancelable        HTML     65K  
                Operating Leases with Initial Terms of One-Year or               
                More (Detail)                                                    
145: R90         Future Minimum Lease Payments For Non-Cancelable    HTML     58K  
                Agreements For Licensed Copyrights and Produced                  
                Content (Detail)                                                 
146: R91         Summary of Redeemable Noncontrolling Interest       HTML     64K  
                (Detail)                                                         
147: R92         Redeemable Noncontrolling Interests - Additional    HTML     65K  
                Information (Detail)                                             
148: R93         Shareholder's Equity - Additional Information       HTML    101K  
                (Detail)                                                         
149: R94         Shareholders' Equity (Detail)                       HTML     54K  
150: R95         Changes in Accumulated Other Comprehensive          HTML     82K  
                Income/(Loss) by Component, Net of Tax (Detail)                  
151: R96         Tax Effect Allocated to Each Component of Other     HTML     52K  
                Comprehensive Income (Loss) (Detail)                             
152: R97         Reconciliation of Net Income to Numerator for       HTML     54K  
                Computation of Basic and Diluted Per Share                       
                (Detail)                                                         
153: R98         Computation of Basic and Diluted Earnings Per       HTML     99K  
                Class A and Class B Ordinary Share (Detail)                      
154: R99         Share-Based Awards Plan - Additional Information    HTML    133K  
                of Baidu, Inc. (Detail)                                          
155: R100        Option Activity Baidu. Inc (Detail)                 HTML    100K  
156: R101        Assumptions Used to Estimate Fair Values of Share   HTML     67K  
                Options Granted - Baidu, Inc. (Detail)                           
157: R102        Restricted Shares Activity (Detail)                 HTML     70K  
158: R103        Share-Based Awards Plan - Option Activity (Detail)  HTML    100K  
159: R104        Total Share-Based Compensation Cost Recognized      HTML     61K  
                (Detail)                                                         
160: R105        Related Party Transactions - Additional             HTML     52K  
                Information (Detail)                                             
161: R106        Related Party Transactions (Detail)                 HTML     81K  
162: R107        Related Party Transactions (Parenthetical)          HTML     57K  
                (Detail)                                                         
163: R108        Segment Reporting - Additional Information          HTML     45K  
                (Detail)                                                         
164: R109        Summary of Group's Operating Segment Results        HTML    115K  
                (Detail)                                                         
165: R110        Fair Value Disclosure and Measurement on Recurring  HTML    119K  
                Basis (Detail)                                                   
166: R111        Fair Value Measurements - Additional Information    HTML     47K  
                (Detail)                                                         
168: XML         IDEA XML File -- Filing Summary                      XML    250K  
167: EXCEL       IDEA Workbook of Financial Reports                  XLSX    175K  
50: EX-101.INS  XBRL Instance -- bidu-20181231                       XML   4.41M 
52: EX-101.CAL  XBRL Calculations -- bidu-20181231_cal               XML    445K 
53: EX-101.DEF  XBRL Definitions -- bidu-20181231_def                XML   1.34M 
54: EX-101.LAB  XBRL Labels -- bidu-20181231_lab                     XML   2.51M 
55: EX-101.PRE  XBRL Presentations -- bidu-20181231_pre              XML   1.83M 
51: EX-101.SCH  XBRL Schema -- bidu-20181231                         XSD    347K 
169: ZIP         XBRL Zipped Folder -- 0001193125-19-076779-xbrl      Zip    406K  


‘EX-4.16’   —   Instrument Defining the Rights of Security Holders


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-4.16  

Exhibit 4.16

 

   

Loan Agreement

In addition to the above agreements, the contractual agreements with respect to some Consolidated Entities also include a loan agreement with the principal terms and conditions as below.

Parties:

 

(1)

an applicable PRC Subsidiary (for the purpose of the Loan Agreement, the “Lender”); and

 

(2)

the Nominee Shareholder(s) of an applicable Consolidated Entity (for the purpose of the Loan Agreement, the “Borrower”).

Key Terms:

 

(1)

The Lender agrees to provide to the Borrower, and the Borrower agrees to accept a loan with a certain principal amount in RMB in accordance with the terms and conditions of the Loan Agreement.

 

(2)

The loan shall be only used by the Borrower for acquiring the equity interest in the Consolidated Entity.

 

(3)

The term of the loan commences from the date when the Borrower receives the loan until ten (10) years after the execution of the Loan Agreement and may be renewed upon written agreement of the parties thereto.

 

(4)

If any of the following events occurs, the Lender may, by serving a written notice to the Borrower, demand that the loan under the Loan Agreement should become due and payable immediately and the Borrower should immediately repay the loan in the manner as specified in the Loan Agreement:

 

  (i)

The Borrower resigns from or is dismissed by the Lender or its affiliates;

 

  (ii)

The Borrower dies or becomes a person without capacity or with limited capacity for civil acts;

 

  (iii)

The Borrower commits a crime or is involved in a crime;

 

  (iv)

Any other third party claims more than a specific amount against the Borrower;

 

  (v)

Any representations or warranties are proved untrue when such representations or warranties were made by the Borrower or contains any error(s) in any material aspects; or the Borrower breaches any of such representation or warranty; or

 

  (vi)

Subject to PRC laws, the Lender has notified the Borrower and/or the Consolidated Entity in writing of exercising its purchase option in accordance with the Exclusive Option Agreement.

 

1


(5)

Both parties agree and confirm that, if at the time of the Lender’s exercise of the purchase option under the Exclusive Option Agreement, the lowest purchase price permitted under the then applicable laws and regulations is higher than the original investment price actually paid by the Borrower, the purchase price to exercise the option shall be such lowest price permitted by the applicable law. Both parties agree to execute an Exclusive Option Agreement to specify the above matters.

 

(6)

Both parties agree and confirm that the Nominee Shareholder must repay the loan only in the following manner: if permitted by PRC laws, the Borrower or its successor or assign shall transfer the equity interests in the Consolidated Entity to the Offshore Holding Company/Lender or its designated persons and use the proceeds from such transfer to repay the loan, when the loan is due and the Lender gives a written notice.

 

(7)

The Borrower, among others, covenants that:

 

  (i)

He/she/it must not sell, transfer, pledge or otherwise dispose in any other manner of his/her/its equity or other interests in the Consolidated Entity, or allow the creation of other security interests thereon, without the Lender’s prior written consent, except for equity pledges or other rights created for the benefit of the Lender;

 

  (ii)

He/she/it must not vote for at shareholder’s meetings of the Consolidated Entity or execute any shareholders’ resolutions approving the sale, transfer, pledge, disposition in any other manner, or the creation of any other security interest on, any legal or beneficial interest in the equity of the Consolidated Entity without the Lender’s prior written consent, except for those for the benefit of the Lender or its designated persons;

 

  (iii)

He/she/it must not vote for at shareholder’s meetings of the Consolidated Entity or execute any shareholders’ resolutions approving the Consolidated Entity to merge or combine with, acquire or invest in any entity without the Lender’s prior written consent;

 

  (iv)

He/she/it must promptly inform the Lender of any pending or threatened litigation, arbitration or regulatory proceeding concerning the equity interests of the Consolidated Entity; and

 

  (v)

He/she/it must not commit any act or omission that may materially affect the assets, business and liabilities of the Consolidated Entity without the Lender’s prior written consent;

 

  (vi)

He/she/it must procure the Consolidated Entity to maintain and operate its business and deal with matters prudently and effectively, in accordance with good financial and business rules and practices

 

2


(8)

The Borrower further covenants that he/she/it shall cause the Consolidated Entity not to engage in any of the following actions without the Lender’s prior written consent:

 

  (i)

To supply, amend or modify its articles of association, or to increase or decrease its registered capital, or to change its capital structure in any way;

 

  (ii)

To sell, transfer, mortgage, dispose of in any other manner, or to create other security interest on, any of its assets, business or the legal or beneficial right to its revenues;

 

  (iii)

To create, assume, guarantee or permit any liability, except for (i) liabilities incurred in the ordinary course of business, excluding loans; and (ii) liabilities as disclosed to and approved by the Lender in writing; and

 

  (iv)

To distribute dividends to its shareholders in any form, except for the case where the Consolidated Entity shall promptly distributable all its distributable profits to each of its shareholders upon the Lender’s request.

 

3


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/15/24  Baidu, Inc.                       20-F       12/31/23  159:24M                                    Donnelley … Solutions/FA
 3/22/23  Baidu, Inc.                       20-F       12/31/22  164:28M                                    Donnelley … Solutions/FA
 3/28/22  Baidu, Inc.                       20-F       12/31/21  168:26M                                    Donnelley … Solutions/FA
 3/09/21  Baidu, Inc.                       20-F       12/31/20  166:25M                                    Donnelley … Solutions/FA
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