exv10w6w3






Exhibit 10.6.3




[Translation of Chinese original]




Employment Contract



Contract No:




Party A: Beijing Alliance Online Advertising Company Ltd.




Legal representative: Yue Jin




Address: Flat 807, No. 39 Residential Building, Shuguangli, Chaoyang District, Beijing




Telephone: 010-58634094




Party B: Qian Yang




	 	 	 
	Sex: Female

	 	Date of birth: April 23, 1972






Identity card no:: 110105720423112




Residential address: 103, Unit 2, Building 20, Regal Court, West Dawang Road, Beijing




	 	 	 
	Zip code: 10022

	 	Telephone: 010-58634094





Place of household registration: 807, (Residential) Building 39, Shuguang Lane, Chaoyang District,
Beijing




     Pursuant to the “Labor Law of the People’s Republic of China” and the stipulations of the
relevant laws and regulations, Party A and Party B hereby unanimously agree to enter into this
Employment Contract on a voluntary and equitable basis.



Article 1 Term of this Employment Contract




     1.1 This Employment Contract shall become effective on February 1, 2008 until
February 1, 2011.



Article 2 Position




     2.1 Party A hereby employs Party B to assume the duties of the General Manager. Depending on
the job requirements and the actual working abilities of Party B, Party A shall be entitled to
change Party B’s position at any time.



     2.2 Party B has carefully read the Company’s rules and codes, the
Employees’



 









 




Manual and disciplines, and shall strictly comply with them and be subordinated
to management.




     2.3 During the performance of this Employment Contract, Party A shall be entitled to
formulate, revise or abrogate the Company’s rules and codes and Party B shall comply
with the valid rules and codes Party A may formulate or revise at any time.



     2.4 Party B shall fulfill the requisite scheduled workflow and meet the requisite quality
standards set forth by Party A.



Article 3 Employee Safety




     3.1 Party A shall provide to Party B a working environment which conforms to the State safety
and hygiene stipulations and ensure that Party B shall work in an environment and under conditions
that pose no danger to Party B’s safety.



     3.2 Pursuant to the actual circumstances of Party B’s position, Party A shall provide to
Party B any necessary employee safety equipment in accordance with the State regulations.



Article 4 Working Hours




     4.1 Party A practices an eight-hour work day, with an average of 40 working hours per week.
In the event that Party A requires Party B to work overtime, the number of overtime hours shall be
confirmed by Party A and the compensation for any such overtime hours shall be paid according to
the relevant State stipulations (or a commensurate amount of paid leave shall be arranged for Party
B in lieu thereof). No compensation shall be paid in the event that Party B works overtime on
matters that are not completed due to personal reasons or in the event that Party A’s consent for
overtime is not obtained. The calculation of compensation for overtime shall be established by
Party A, but expenses (such as bonus and allowances) shall not be included therein.



     4.2 Party B shall be entitled to take paid leaves, such as marriage leave, compassionate
leave and maternity leave (unless in violation of birth control regulations) as stipulated by the
State. However, the wedding or funeral leaves (limited to three



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generations of direct kinship) or maternity leave must occur during the employment period.




Article 5 Remuneration




     5.1 Party B’s monthly salary: A basic salary (after taxes) of RMB6,000.



     5.2 The basic salary shall be paid in cash on the 30th day of each month. If the
payment date falls on a statutory holiday, it shall be paid prior to the date of the statutory
holiday. The performance-based salary shall be paid in the form of a bonus after the Company has
fulfilled the performance appraisal targets set forth in the Equity Transfer Contract.



     5.3 Party A shall withhold income tax on behalf of Party B and deduct any other various
social security insurance premiums payable by Party B.



     5.4 Should there be any change in the duties or in the position of Party B, Party A shall
make a corresponding increase or decrease of Party B’s salary. The salary shall be subject to the
revised calculation from the month in which the change is made.



     5.5 Other matters agreed upon between Party A and Party B in respect of salary: None.



Article 6 Insurance and Benefits




     6.1 Party A and Party B shall both participate in the social insurance program stipulated by
the State and Beijing municipality. Party A shall carry out the related social insurance
enrollment procedures for Party B. Party B shall be qualified for the various insurances only
after Party B’s personal files have been transferred to Party A’s personnel record department
within the stipulated period and after the completion of the various insurance formalities
concerned as required by Party A.



     6.2 In the event that any of Party B’s insurance premiums are not paid in a
timely manner due to reasons attributable to Party B, Party B shall assume the corresponding
consequences. In the event that any of the insurance premiums are not paid in time due to reasons
attributable to Party A, Party A shall assume the corresponding liabilities.



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     6.3 Party A shall be only responsible for the contribution of the portion of the social
insurance for which Party A is liable. The portion payable by Party B shall be deducted from Party
B’s monthly salary by Party A on behalf of Party B.



     6.4 Medical treatment for Party B for sickness and non-work related injuries shall be
provided in accordance with the relevant stipulations of the State and Beijing municipality.



Article 7 Disciplines




     7.1 Party B shall comply with the State laws and regulations.



     7.2 Party B shall comply with all of Party A’s rules, codes and
Employees’ Manual, and shall abide by Party A’s work procedures and
confidentiality procedures. If Party B violates any of Party A’s rules or codes,
Party A shall be entitled to handle the relevant matter in accordance with the related regulations
and even this Employment Contract may be terminated.



     7.3 In the event that any of the Company’s property is damaged or lost by Party
B, compensation shall be made at market price.



Article 8 Amendment and Termination




     8.1 Under any of the following circumstances, Party A and Party B may amend this Employment
Contract and promptly carry out the procedures for any such amendments:




	 	1)	 	In the event of unanimous agreement between Party A and Party B after
negotiations between them;
	 
	 	2)	 	In the event that this Employment Contract cannot be implemented as a result
of a material change to the actual circumstances relied upon at the time this
Employment Contract is entered into; and
	 
	 	3)	 	In the event of any change to any laws, regulations or rules which is base on
at the time this Employment Contract is entered into.





     8.2 Under any of the following circumstances, Party A may terminate this Employment Contract
at any time without compensation of any kind to be made to Party B:



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	 	1)	 	In the event that Party B materially violates Party A’s
disciplines, rules or codes; or in the event it commits an act which materially
injures Party A’s interests; or in the event of a material
breach of duties which materially injures Party A’s interests.
	 
	 	2)	 	In the event that Party B violates any State laws and is found guilty or
sentenced for correctional labor education, Party A shall be entitled to terminate
this Employment Contract at any time right from the date on which Party B is under
arrest.





     8.3 Party A may terminate this Employment Contract under any of the following circumstances;
provided, however, that a 30-day prior written notice shall be given to Party B:




	 	1)	 	In the event that Party B is unable to carry out his original duties or any
alternative duties arranged by Party A after the expiry of the stipulated medical
treatment period related to any sickness or a non-job related injury;
	 
	 	2)	 	In the event that Party B is incapable to perform the duties after training
or a change of the position; or
	 
	 	3)	 	In the event that this Employment Contract is unable to be implemented as a
result of a material change to the actual circumstances relied upon when this
Employment Contract is entered into, and after negotiation between the Parties, no
agreement regarding an amendment to this Employment Contract is able to be reached.





     8.4 In the event that Party A terminates this Employment Contract in accordance with Articles
8.1 and 8.3, it shall make an economic compensation to Party B in accordance with the relevant
regulations of the State and Beijing municipality.



     8.5 Party B may terminate this Employment Contract at any time under any of the following
circumstances:




	 	1)	 	In the event that Party B is forced into work by Party A by means of
violence, duress, confinement or illegal restriction of his personal freedom; or




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	 	2)	 	In the event that Party A fails to pay remunerations to Party B in accordance
with the stipulations of this Employment Contract.





     In the event that Party B terminates this Employment Contract pursuant to clause 2) above,
Party A shall pay an economic compensation to Party B based on the number of consecutive years in
which Party B has been employed by Party A (i.e., one-month salary compensation to Party B for each
full year of employment). Any period of less than one year shall be deemed as one year.



     8.6 Party B shall give a 30-day prior written notice to Party A in the event this Employment
Contract is terminated for reasons other than those entitling Party B to terminate this Employment
Contract at any time. Subject to the completion of all handover formalities requested by Party A,
Party A shall conduct the necessary formalities on its part. However, in the event that there are
any economic losses caused to Party A which are attributable to Party B and the relevant matter has
not been resolved, Party A shall not be obliged to conduct the formalities until the matter is
resolved.



     8.6 In the event that this Employment Contract is terminated through a termination agreement
by both Parties, the Party initiating the termination shall give a 30-day prior
written notice to the other Party before any termination formalities are conducted.



     8.7 At the termination of this Employment Contract, Party B shall be obliged to complete the
handover procedures. In the event that Party B’s refusal to complete or delay in
completing the handover causes any losses to Party A, Party B shall be liable for the compensation
thereof.



Article 9 Contract Expiration and Renewal




     9.1 This Employment Contract shall terminate at the expiry of its term. Thirty days prior to
the expiry, each Party shall indicate to the other Party its intention with respect to the renewal
of this Employment Contract. With negotiations, the Parties may enter into a new employment
contract.



     9.2 If the Parties still have not entered into a new employment contract after the expiry of
this Employment Contract, but Party B continues to work and Party A continues



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to pay the employment
remuneration, this Employment Contract shall be deemed to be
automatically extended and renewed for a period of one year. The rights and obligations of
the Parties shall continue in accordance with this Employment Contract of the previous year. All
other relevant contracts (such as intellectual property and non-compete agreements, non-disclosure
agreements, etc.) shall continue to be valid.



     9.3 In the event that Party B does not agree to renew this Employment Contract due to the
reasons that Party A has maintained the original terms and conditions or changed the terms and
conditions of the renewed Employment Contract in favor of Party A, Party A shall pay an economic
compensation to Party B when this Employment Contract terminates at its expiry. The economic
compensation shall be paid to Party B according to the number of employment years and calculated on
the basis of one-month salary for each full employment year. Any period of employment exceeding
six months, but less than one year shall be deemed as one full year and half of a monthly salary
shall be paid to Party B for any period of employment less than six months.



Article 10 Liabilities for Breach




     10.1 If any personnel takes any training at the expense of Party A, the training costs shall
be repaid by such personnel to Party A. The basis for calculation of such repayment is as follows:
20% of the total training costs shall be deducted for each full year of employment, commencing from
the date on which the training is completed and no further repayment shall be required after a
period of five full years.



     10.2 Damages and compensatory amounts payable by Party B for breach of contract shall be
directly deducted by Party A from Party B’s salary . In the event any salary due and
owing to Party B (as set forth in the account of Party A) is insufficient to pay such damages and
compensatory amounts, Party B shall directly pay to Party A an amount corresponding to the
shortfall until such shortfall is fully paid.



Article 11 Non-Compete




     Simultaneously as entering into this Employment Contract, Party A and Party B shall



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enter into
a “Non-Compete Agreement” (please refer to Appendix 2) for the protection of
Party A’s intellectual property rights. Party A and Party B shall strictly abide by the
specific stipulations of such agreement.



Article 12 Confidentiality




     Simultaneously as entering into this Employment Contract, Party A and Party B shall enter into
a “Non-Disclosure Agreement” (please refer to Appendix 3) with respect to the confidentiality of
Party A’s technology and business secrets. Party A and Party B shall strictly abide by the
specific stipulations of such agreement.



Article 13 Non-Solicitation




     13.1 Party B shall not, during the term of employment and 12 months thereafter, intentionally
solicit, persuade, encourage, instruct or otherwise cause existing or potential clients of Party A
or existing or potential employees of Party A to terminate their business relationship or
employment relationship with Party A for any reason (whether for Party B’s own
benefit or for the benefit of other individuals, companies or organizations).



     13.2 During the term of employment and 12 months thereafter, Party B shall not:



     • obtain business from the Company’s clients for Party B’s own benefit or assist any company
to which Party B renders services to obtain business from the Company’s clients or assist other
companies or individuals with whom Party B has a relationship to obtain business from the Company’s
clients; or



     • persuade or obstruct or attempt to persuade or obstruct existing or potential clients of
Party A from doing business with Party A.



     13.3 Party B shall not make any defamatory remarks regarding Party A’s
reputation or otherwise harm the image of Party A at any time, whether during the term of this
Employment Contract or after the expiry.



Article 14 Others




     For those matters not dealt with herein, the Parties shall resolve the same through



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negotiation and, if necessary, enter into a supplemental agreement with respect to the same
as an appendix to this Employment Contract. In the event of inconsistency between the
supplemental agreement and this Employment Contract, the supplemental agreement shall prevail.



Article 15 Dispute Resolution




     In the event of a labor dispute between Party A and Party B, the Parties may enter into
negotiations or submit the dispute to the labor dispute arbitration commission possessing
jurisdiction over the matter for arbitration within 60 days from the date on which the labor
dispute first arises. Any Party refusing to implement the award shall be entitled to file a claim
with the People’s Court.



Article 16 Effectiveness




     This Employment Contract comprises four originals, one original for each of the two Parties,
the other two originals to be used for filing and completion of the social insurance formalities.
This Contract shall take effect from the date on which Party A and Party B have signed/sealed the
same.



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Party A [affix seal]:




Legal representative or authorized representative (signature): /s/ Yue Jin                    




Address: Flat 807, No. 39 Residential Building, Shuguangli, Chaoyang District, Beijing




Telephone: 010-58634094




Party B [signature]: /s/ Qian Yang                  




Identity card number: 110105720423112




Address: 103, Unit 2, Building 20, Regal Court, West Dawang Road, Beijing




Telephone: 010-58634094



Entered into on the 2nd day of February, 2008 at 8th Floor, Tower B, CITIC
Building, 19 Jianguomenwai Avenue, Chaoyang District, Beijing



(Signature Page of this Employment Contract)






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Appendix 2




Non-Disclosure Agreement




Party A: Beijing Alliance Online Advertising Company Ltd.




Party B: Qian Yang                 Identity card number: 110105720423112



WHEREAS:



Party B, as an employee of Party A will or may be exposed to the trade secrets, technical know-how
or other confidential information belonging to Party A or its related companies during the course
of carrying out duties for Party A. Party B acknowledges and agrees to the following terms for the
protection of Party A’s Confidential Information.



“Confidential Information” as used in this Agreement shall refer to
business, technical and management information (and confidential information in other forms) not
known by the general public, which has beneficial value as well as actual value to Party A and
other persons. During Party B’s term of employment with Party A, Party
A’s business, technological and management information (and confidential information
in other forms) that is received by Party B shall include, but not be limited to, the following
types of information owned by Party A, whether such information is obtained by Party A itself or
obtained through transfer from other parties:





	 	1.	 	Patented technologies;
	 
	 	2.	 	Non-patented technologies;
	 
	 	3.	 	Know-how;
	 
	 	4.	 	Short-term and long-term business and product plans and strategies and
information related to market research and forecast;
	 
	 	5.	 	Existing and potential product descriptions, designs, cost structures, pricing,
strategies, schedules, purchase orders, product launches and market shares;
	 
	 	6.	 	Financial information, including profit and loss statements, sales figures,
profits, budgets and financial proposals;
	 
	 	7.	 	Technical information related to customer demand, design expertise, production
and testing, troubleshooting, quality control and computer programs;
	 
	 	8.	 	Detailed human resource information, such as staff planning, list of employees,
telephone numbers and e-mail addresses, job titles, reporting lines, job




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	 	 	 	descriptions and job skills;






	 	9.	 	List of existing and potential clients and partners, information obtained from
third parties (including clients and partners) subject to confidentiality agreements;
	 
	 	10.	 	Information materials marked “Party A’s Proprietary
Information”, “Party A’s Confidential
Information”, “For Party A’s Internal Use
Only” or similar language in other documents of Party A; and
	 
	 	11.	 	Confidential information, such as methodology and management methods, that are
disclosed to Party B in the work.




The foregoing Confidential Information shall not include information related to Party A that Party
B obtains from third parties through legal channels or from the public domain or information that
is already known by Party B.



In order to protect Party A’s Confidential Information, the Parties agree as follows:



(1) Party B acknowledges that Party A’s Confidential Information is a valuable asset
with commercial and industrial uses, which has the potential to bring economic benefits to Party A
and which is not known to the general public.



(2) Party B acknowledges that Party A has established procedures and adopted measures to protect
the Confidential Information, and Party B undertakes to abide by and comply with such procedures
and measures.



(3) Party B acknowledges that any disclosure of Party A’s Confidential Information
without Party A’s authorization or the divulging of the same will be injurious to the
interests of Party A, and may assist Party B or third parties receiving such Confidential
Information to obtain illegal gains.



(4) Party B undertakes that he shall not, at any time during his employment with Party A and after
the termination of the employment relationship with Party A, engage in, directly or indirectly, in
whole or in part (unless Party B has already obtained prior written permission from Party A or
unless Party B has sufficient evidence to prove such information is already in the public domain),
any of the following actions with respect to Party A’s Confidential Information:





i. disclose or divulge any Confidential Information to anyone that is not authorized
to receive the same by Party A ;




ii. publish or release the Confidential Information in or to any public



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media which has not been approved by Party A;




iii. re-use the Confidential Information in any manner for Party B’s personal purposes
or for profit-making by others.


(5) Party B undertakes that he shall not, at any time during his employment with Party A and after
the termination of the employment relationship with Party A, transmit confidential materials
containing Party A’s Confidential Information outside the workplace of Party A, or assist in the
transmitting thereof unless prior written permission from Party A has been obtained. The term
“transmit” as used herein shall include, but not be limited to physical transfer, illegal
duplication, transmission of information through various modes of communications, transmission of
information through various network interfaces, etc.



(6) Party B undertakes that during the term of his employment with Party A, duplication of
documents in any form containing Party A’s Confidential Information shall be made only at the time
it is necessary for Party B for work rather than for other purposes. Duplication procedures shall
comply with Party A’s confidentiality measures.



(7) At Party A’s request, Party B shall, prior to the discharge or termination of the employment
relationship with Party A, deliver to the recipient designated by Party A all materials, originals
and duplicates of documents belonging to Party A which are in the Party B’s possession or under
Party B’s control and management.



(8) The foregoing confidentiality obligations shall be applicable to materials, data and
information which have been provided to Party A by third parties with accompanying restrictions on
their use, duplication or disclosure.



(9) Party B undertakes that, if he finds that any of Party A’s Confidential Information is
infringed by means of unauthorized use or disclosure, Party B shall immediately notify Party A and
take reasonable measures to assist Party A to prevent further infringement.



(10) Party B acknowledges that if any acts of breach under this Agreement result in the
infringement of Party A’s intellectual property rights or lead to circumstances involving unfair
competition, he shall be liable for all losses incurred consequently by Party A.



(11) Party A may assign this Agreement to its subsidiaries, branches or representative offices. In
the event that Party B is transferred within any of the above-mentioned


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entities, this Agreement
shall automatically be assigned to the new employing entity without
requiring the signature of Party B; provided, however, that if the new employing entity should
request a new agreement, both parties shall negotiate and sign the same.



(12) This Agreement constitutes mandatory document with respect to the employment of Party B by
Party A. It shall take effect on the effective date set forth herein after it is signed/sealed by
the Parties. This Agreement comprises two originals, of which each Party shall retain one
original. It shall be valid for the entire period of Party B’s employment with Party A and five
years after the termination of the employment relationship between Party B and Party A. Only by
then shall Party A terminate this Agreement in writing.



(13) This Agreement shall be governed and protected by the laws of the People’s Republic of China.
If a dispute arises between the Parties to this Agreement and negotiations are unsuccessful, then
either Party may submit the dispute to the Beijing Municipal Labor Dispute Arbitration Commission
for arbitration. Any Party which refuses to implement the arbitral award may request a judgment
thereon from the People’s Court.




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	Party A: Beijing Alliance Online Advertising

	 	Party B: Qian Yang
	 
	 	 
	Company Ltd. [company seal]
	 	 
	 
	 	 
	Seal:     /s/ Yue Jin

	 	Signature:     /s/ Qian Yang
	 	 	 






Date: February 2, 2008



Venue: 8th Floor, Tower B, CITIC Building, 19 Jianguomenwai Avenue, Chaoyang District,
Beijing




(Signature Page of the Non-Disclosure Agreement)





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