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Exhibit 10.7
 
EXCLUSIVE TECHNICAL DEVELOPMENT AND CONSULTING AGREEMENT
 
by and among
 
Oriental Intra-Asia Entertainment (China) Limited,
 
China TransInfo Technology Group Co., Ltd.,
 
Beijing PKU Chinafront High Technology Co., Ltd.,
 
Beijing Tian Hao Ding Xin Science and Technology Co., Ltd.,
 
Beijing Zhangcheng Culture and Media Co., Ltd.
 
Bejing Zhangcheng Science and Technology Co., Ltd.,
 
China TranWiseway Information Technology Co., Ltd.,
 
Shanghai Yootu Information Technology Co., Ltd.,
 
Xinjiang Zhangcheng Science and Technology Co., Ltd.,
 
and
 
Dalian Dajian Zhitong Information Service Co., Ltd.
 

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EXCLUSIVE TECHNICAL DEVELOPMENT AND CONSULTING
AGREEMENT
 
This Exclusive Technical Development and Consulting Agreement (the “Agreement”)
is made and entered into on February 3, 2009, by and among Oriental Intra-Asia
Entertainment (China) Limited (“Oriental”), China TransInfo Technology Group
Co., Ltd. (“Group Company”), Beijing PKU Chinafront High Technology Co., Ltd.
(“PKU”), Beijing Tian Hao Ding Xin Science and Technology Co., Ltd. (“Bejing
Tian Hao”), Beijing Zhangcheng Culture and Media Co., Ltd. (“Zhangcheng
Culture”), Bejing Zhangcheng Science and Technology Co., Ltd. (“Zhangcheng
Science”), China TranWiseway Information Technology Co., Ltd. (“Chian
TranWiseway”) Xinjiang Zhangcheng Science and Technology Co., Ltd. (“Xinjiang
Zhangcheng”), Dalian Dajian Zhitong Information Service Co., Ltd. (“Dalian
Dajian”) and Shanghai Yootu Information Technology Co., Ltd. (“Shanghai Yootu”
and together with Group Company, PKU, Beijing Tian Hao, Zhangcheng Culture,
Zhangcheng Science, China TranWiseway, Xinjiang Zhangcheng and Dalian Dajian,
the “VIE Entities”).  Each of the parties to this Agreement is individually
referred to herein as a “Party” and collectively, as the “Parties.”
 
WHEREAS:
 
1.
Oriental, a wholly foreign-owned enterprise duly organized in People’s Republic
of China (the “PRC”) under the laws of the PRC, owns resources to provide the
technical development and consulting services.

 
2.
Each of the VIE Entities is a limited liability companies and duly organized and
validly existing under the laws of PRC and is approved by the competent
governmental authorities to carry on the business of traffic information
services;

 
3.
Oriental agrees to provide each of the VIE Entities with technical development
and consulting services, and the VIE Entities agree to accept such technical
development and consulting services provided by Oriental;

 
NOW THEREFORE, the Parties through mutual negotiations agree as follows:
 
1.
Technical Development and Consulting Services; Mutual Exclusivity

 
 
1.1
During the term of this Agreement, Oriental agrees to, as the exclusive
technical development and consulting services provider of the VIE Entities,
provide the exclusive technical development and consulting services to the VIE
Entities set forth on Appendix 1.

 
 
1.2
Each of the VIE Entities hereby agrees to accept such exclusive technical
development and consulting services provided by Oriental.  Each of the VIE
Entities further agrees that, during the term of this Agreement, it shall not
accept any third parties to provide such technical development and consulting
services for such above-mentioned business without the prior written consent of
Oriental.

 
 
1.3
Oriental shall be the sole and exclusive owner of all right, title and interests
to any and all intellectual property rights arising from the performance of this
Agreement, including but not limited to, copyrights, patent, know-how, trade
secrets and others no matter whether it is developed by Oriental or by any of
the VIE Entities based on Oriental’s intellectual property right.

 
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2.
Calculation and Payment of the Fee for Technical Development and Consulting
Services (the “Fee”)

 
The Parties agree that the Fee under this Agreement shall be determined
according to the terms set forth in Appendix 2.  During the term of this
Agreement, the Parties will periodically review the contents of Appendix 1 and
Appendix 2 and make any necessary adjustment if necessary.
 
3.
Representations and Warranties

 
 
3.1
Oriental hereby represents and warrants as follows:

 
 
3.1.1
Oriental is a company duly registered and validly existing under the laws of the
PRC;

 
 
3.1.2
Oriental has the company power, has been duly authorized by all necessary
action, and has obtained all third party and governmental consents and approvals
to execute and perform this Agreement.  The execution, delivery and performance
of this Agreement and does not and will not result in any violation of
enforceable or effective laws or contractual limitations;

 
 
3.1.3
the Agreement constitutes a legal, valid and binding obligation of Oriental,
enforceable against it in accordance with its terms upon its execution.

 
 
3.2
The VIE Entities hereby represents and warrants as follows:

 
 
3.2.1
Each of the VIE Entities is a company duly registered and validly existing under
the laws of the PRC.

 
 
3.2.2
Each of the VIE Entities has the company power, within the business scope, has
been dully authorized by all necessary action, has been obtained all consents
and approvals from any third parties and governments to execute and perform this
Agreement, and do not and will not result in any violation of enforceable or
effective laws or contractual limitations.

 
 
3.2.3
the Agreement constitutes its legal, valid and binding obligation of each of the
VIE Entities, enforceable against it in accordance with its terms upon its
execution.

 
4.
Confidentiality

 
 
4.1
Each of the VIE Entities agrees to use all reasonable means to protect and
maintain the confidentiality of Oriental’s confidential data and information
acknowledged or received by the VIE Entities by accepting the exclusive
consulting and services from Oriental (collectively the “Confidential
Information”).  Each of the VIE Entities shall not disclose or transfer any
Confidential Information to any third party without Oriental’s prior written
consent.  Upon termination of this Agreement, each of the VIE Entities shall, at
Oriental’s request, return all and any documents, information or software
contained any of such Confidential Information to Oriental or destroy it and
delete all such Confidential Information from any memory devices.

 
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4.2
The Parties agree that this Article 4 shall survive no matter whether this
Agreement is amended, cancelled or terminated.

 
5.
Indemnity

 
The VIE Entities shall indemnify and hold harmless Oriental from and against any
loss, damage, obligation and expenses arising out of any litigation, claim or
other legal procedure against Oriental arising out of the performance of this
Agreement.
 
6.
Effectiveness and Term

 
 
6.1
This Agreement shall be executed and come into effect as of the date first set
forth above.  The term of this Agreement is ten (10) years, unless earlier
terminated by Oriental as set forth below (the “Term”).  The Term shall
automatically renew for successive one year periods.

 
7.
Termination

 
During the Term, the VIE Entities may not terminate this Agreement except in the
case of gross negligence, fraud or other illegal acts or bankruptcy of
Oriental.  Notwithstanding the foregoing, Oriental may terminate this Agreement
at any time by giving a written notice to the VIE Entities thirty (30) days
before such termination.
 
All rights and obligations under Article 4 and Article 5 shall survive after the
termination of this Agreement.
 
8.
Dispute Resolution

 
The Parties shall strive to settle any dispute arising from the interpretation
or performance in connection with this Agreement through friendly
consultation.  In case no settlement can be reached through consultation, each
Party can submit such matter to China International Economic and Trade
Arbitration Commission (the “CIETAC”) for arbitration in Beijing under the
current effective rules of CIETAC.  The arbitration proceedings shall be
conducted in Chinese.  The arbitration award shall be final and binding upon the
Parties and shall be enforceable in accordance with its terms.
 
9.
Force Majeure

 
 
9.1
Force Majeure, which includes, but not limited to, acts of governments, acts of
nature, fire, explosion, typhoon, flood, earthquake, tide, lightning or war,
means any event that is beyond the Parties’ reasonable control and cannot be
prevented with reasonable care.  However, any shortage of credit, capital or
finance shall not be regarded as an event of Force Majeure.  The affected Party
who is claiming to be not liable to its failure of fulfilling this Agreement by
Force Majeure shall inform the other Party, without delay, of the approaches of
the performance of this Agreement by the affected Party.

 
 
9.2
In the event that the affected Party is delayed in or prevented from performing
its obligations under this Agreement by Force Majeure, only within the scope of
such delay or prevention, the affected Party will not be responsible for any
damage by reason of such a failure or delay of performance.  The affected Party
shall take appropriate means to minimize or remove the effects of Force Majeure
and attempt to resume performance of the obligations delayed or prevented by the
event of Force Majeure. After the event of Force Majeure is removed, the parties
agree to resume performance of this Agreement with their best efforts.

 
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10.
Notices

 
All notices or other communications provided for hereunder shall be written in
English and Chinese and shall be personal delivery or by registered or postage
prepaid mail, recognized courier service or facsimile transmission to the
address of the relevant party or parties set forth below.
 
If to Oriental:
 
Oriental Intra-Asia Entertainment (China) Limited
 
Room 1009, Tower C2, Oriental Plaza, No. 1 Dongchangan Avenue, Dongcheng
District, Beijing, China
 
If to the VIE Entities:
 
China TransInfo Technology Group Co., Ltd.
 
Room 1601 E-wing Center, No. 113 Zhichun Road, Haidian District,
Beijing, China.
11.
Assigns

 
Any of the VIE Entities may not assign its rights and obligations under this
Agreement to any third parties without the prior written consent of Oriental.
 
12.
Severability

 
If any provision contained in this Agreement is held invalid or unenforceable
under applicable laws, such provision shall be invalid or unenforceable as to
such jurisdiction and the remaining provisions hereof shall not be in any way
impaired.
 
13.
Amendment and Supplement

 
Any amendment and supplement of this Agreement shall be effective only if it is
made in writing and signed by the parties hereto.  The amendment and supplement
duly executed by the Parties shall be part of this Agreement and shall have the
same legal effect as this Agreement.
 
14.
Governing Law

 
This Agreement shall be governed by and construed in accordance with the laws of
the PRC.
 
15.
Miscellaneous

 
This Agreement is executed in both English and Chinese and each version has
equal legal force.
 
[Signature Page Follows]
 
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed by their representatives hereunto duly authorized as of the date first
set forth above written.
 
Oriental Intra-Asia Entertainment (China) Limited
 
 
By: /s/ Shudong Xia
Representative: Shudong Xia

 
China TransInfo Technology Group Co., Ltd.
 
 
By: /s/ Shudong Xia
Representative: Shudong Xia

 
Beijing PKU Chinafront High Technology Co., Ltd.,
 
 
By: /s/ Shudong Xia
Representative: Shudong Xia

 
Beijing Tian Hao Ding Xin Science and Technology Co., Ltd.,
 
 
By: /s/ Shudong Xia
Representative: Shudong Xia

 
Beijing Zhangcheng Culture and Media Co., Ltd.

 
By: /s/ Shudong Xia
Representative: Shudong Xia

 
Bejing Zhangcheng Science and Technology Co., Ltd.,

 
By: /s/ Shudong Xia
Representative: Shudong Xia

 
 

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Xinjiang Zhangcheng Science and Technology Co., Ltd.,
 
 
By: /s/ Shudong Xia
Representative: Shudong Xia

 
Dalian Dajian Zhitong Information Service Co., Ltd.
 
 
By: /s/ Shudong Xia
Representative: Shudong Xia
 
 
China TranWiseway Information Technology Co., Ltd.,
 
 
By: /s/ Shudong Xia
Representative: Shudong Xia

 
Shanghai Yootu Information Technology Co., Ltd.
 
 
By: /s/ Shudong Xia
Representative: Shudong Xia

 

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Appendix 1: The list of Technical Development and Consulting  services
 
Oriental shall provide to the VIE Entities with the following technical
development and consulting services:

 

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Appendix 2: Calculation and Payment of the Fee for Development and Consulting
Services
 
Each of the VIE Entities shall pay an annual development and consulting service
fee based on the actual services provided by Oriental in each calendar
year.  Such fee shall be determined solely by Oriental.

 

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