Exhibit 4.14


 


EMPLOYMENT AGREEMENT


 


This EMPLOYMENT
AGREEMENT (the “Agreement”), is entered into as of August 25, 2014 (the “Effective Date”)
by and between Home Inns & Hotels Management Inc., a company incorporated and existing under the laws of the Cayman Islands
(the “Company”) and Cathy Xiangrong LI, an individual (the “Executive”).


 


RECITALS


 


A.The Company desires to employ
the Executive as its Chief Financial Officer and to assure itself of the services of the Executive during the term of Employment
(as defined below).


 


B.The Executive desires to be
employed by the Company as its Chief Financial Officer during the term of Employment and upon the terms and conditions of
this Agreement.


 


AGREEMENT


 


The parties hereto agree as follows:


 


		1.	POSITION



 


The Executive hereby accepts
a position of Chief Financial Officer (the “Employment”) of the Company.


 


		2.	TERM



 


Subject to the terms and conditions
of this Agreement, the initial term of the Employment shall be four years commencing on the Effective Date, unless terminated earlier
pursuant to the terms of this Agreement. Upon expiration of the initial four-year term, the Employment shall be automatically extended
for successive one-year terms unless either party gives the other party hereto a three-month prior written notice to terminate
the Employment prior to the expiration of such one-year term or unless terminated earlier in accordance with Section 8 of this
Agreement.


 


		3.	PROBATION



 


No probationary period.


 


		4.	DUTIES AND RESPONSIBILITIES



 


The Executive's duties at the
Company will include all jobs assigned, from time to time, by the Company's Board of the Directors (the “Board”)
or the Company's Chief Executive Officer, as the case may be.


 


The Executive shall devote all
of his or her working time, attention and skills to the performance of his or her duties at the Company and shall faithfully and
diligently serve the Company in accordance with this Agreement, the Memorandum and Articles of Association of the Company (the
“Articles of Association”), and the guidelines, policies and procedures of the Company approved from time to
time by the Board.


 






    	 



    	 



    

 


The Executive shall use
his or her best efforts to perform his or her duties hereunder. The Executive shall not, without the prior written consent of the
Board, become an employee of any entity other than the Company and any subsidiary or affiliate of the Company, and shall not be
concerned or interested in the lodging business or an entity that competes with that carried on by the Company (any such business
or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from holding any
shares or other securities of any Competitor that is listed on any securities exchange or recognized securities market anywhere.
The Executive shall notify the Company in writing of his or her interest in such shares or securities in a timely manner and with
such details and particulars as the Company may reasonably require.


 


		5.	NO BREACH OF CONTRACT



 


The Executive hereby represents
to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive of
the Executive's duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or
policy to which the Executive is a party or otherwise bound except for agreements entered into by and between the Executive and
any member of the Group pursuant to applicable law, if any; (ii) that the Executive has no information (including, without limitation,
confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated by, the
Executive entering into this Agreement or carrying out his duties hereunder; (iii) that the Executive is not bound by any confidentiality,
trade secret or similar agreement (other than this) with any other person or entity.


 


		6.	LOCATION



 


The Executive will be based
in Shanghai, P.R. China or any other location as requested by the Board from time to time.


 


		7.	COMPENSATION AND BENEFITS



 


		(a)	Cash Compensation. The Executive's cash compensation (including salary
and bonus) shall be determined by the Board from time to time.



 


		(b)	Equity Incentives. To the extent the Company adopts and maintains
a share incentive plan, the Executive will be eligible for participating in such plan pursuant to the terms thereof as determined
by the Board.
	 	 	 



		(c)	Benefits. The Executive is eligible for participation in any standard
employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including, but not limited
to, any retirement plan, life insurance plan, health insurance plan and travel/holiday plan.



 






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		8.	TERMINATION OF THE AGREEMENT



 


		(a)	By the Company. The Company may terminate the Employment for cause, at any time, without
notice or remuneration, if (1) the Executive is convicted or pleads guilty to a felony or to an act of fraud, misappropriation
or embezzlement, (2) the Executive has been negligent or acted dishonestly to the detriment of the Company, (3) the Executive has
engaged in actions amounting to misconduct or failed to perform his or her duties hereunder and such failure continues after the
Executive is afforded a reasonable opportunity to cure such failure, (4) the Executive has died, or (5) the Executive has a disability
which shall mean a physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to
perform the essential functions of his employment with the Company, even with reasonable accommodation that does not impose an
undue hardship on the Company, for more than 180 days in any 12-month period, unless a longer period is required by applicable
law, in which case that longer period would apply. In addition, the Company may terminate the Employment without cause, at any
time, upon three months written notice, and upon termination without cause, the Company shall provide compensation to the Executive
as expressly required by applicable law of the jurisdiction where the Executive is based.



 


		(b)	By the Executive. The Executive may terminate the Employment at any time with a three-month
prior written notice to the Company, if (1) there is a material reduction in the Executive's authority, duties and responsibilities,
or (2) there is a material reduction in the Executive's annual salary before the next annual salary review. In addition, the Executive
may resign prior to the expiration of the Agreement if such resignation is approved by the Board or an alternative arrangement
with respect to the Employment is agreed to by the Board.



 


		(c)	Notice of Termination. Any termination of the Executive's employment under this Agreement
shall be communicated by written notice of termination from the terminating party to the other party. The notice of termination
shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination.



 


		9.	CONFIDENTIALITY AND NONDISCLOSURE



 


		(a)	Confidentiality and Non-disclosure. In the course of the Executive's services, the Executive
may have access to the Company, and/or the Company's client's and/or prospective client's trade secrets and confidential information,
including but not limited to those embodied in memoranda, manuals, letters or other documents, computer disks, tapes or other information
storage devices, hardware, or other media or vehicles, pertaining to the Company, and/or the Company's client's and/or prospective
client's business. All such trade secrets and confidential information are considered confidential. All materials containing any
such trade secret and confidential information are the property of the Company and/or the Company's client and/or prospective client,
and shall be returned to the Company and/or the Company's client and/or prospective client upon expiration or earlier termination
of this Agreement. The Executive shall not directly or indirectly disclose or use any such trade secret or confidential information,
except as required in the performance of the Executive's duties
in connection with the Employment, or pursuant to applicable law.



 






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		(b)	Trade Secrets. During and after the Employment, the Executive shall
hold the Trade Secrets in strict confidence; the Executive shall not disclose these Trade Secrets to anyone except other employees
of the Company who have a need to know the Trade Secrets in connection with the Company's business. The Executive shall not use
the Trade Secrets other than for the benefits of the Company.



 


“Trade Secrets”
means information deemed confidential by the Company, treated by the Company or which the Executive know or ought reasonably to
have known to be confidential, and trade secrets, including without limitation designs, processes, pricing policies, methods, inventions,
conceptions, technology, technical data, financial information, corporate structure and know-how, relating to the business and
affairs of the Company and its subsidiaries, affiliates and business associates, whether embodied in memoranda, manuals, letters
or other documents, computer disks, tapes or other information storage devices, hardware, or other media or vehicles. Trade Secrets
do not include information generally known or released to public domain through no fault of the Executive.


 


		(c)	Former Employer Information. The Executive agrees that he or she has
not and will not, during the term of his or her employment, (i) improperly use or disclose any proprietary information or trade
secrets of any former employer or other person or entity with which the Executive has an agreement or duty to keep in confidence
information acquired by Executive, if any, or (ii) bring into the premises of Company any document or confidential or proprietary
information belonging to such former employer, person or entity unless consented to in writing by such former employer, person
or entity. The Executive will indemnify the Company and hold it harmless from and against all claims, liabilities, damages and
expenses, including reasonable attorneys' fees and costs of suit, arising out of or in connection with any violation of the foregoing.



 


		(d)	Third Party Information. The Executive recognizes that the Company
may have received, and in the future may receive, from third parties their confidential or proprietary information subject to a
duty on the Company's part to maintain the confidentiality of such information and to use it only for certain limited purposes.
The Executive agrees that the Executive owes the Company and such third parties, during the Executive's employment by the Company
and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose
it to any person or firm and to use it in a manner consistent with, and for the limited purposes permitted by, the Company's agreement
with such third party.



 


This Section 9 shall survive
the termination of this Agreement for any reason. In the event the Executive breaches this Section 9, the Company shall have right
to seek remedies permissible under applicable law.


 






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		10.	INVENTIONS



 


		(a)	Disclosure and Assignment of Inventions. The Executive understands
that the Company engages in research and development and other activities in connection with its business and that, as an essential
part of the Employment, the Executive is expected to make new contributions to and create inventions of value for the Company.



 


From and after the Effective
Date, the Executive shall disclose in confidence to the Company all inventions, improvements, designs, original works of authorship,
formulas, processes, compositions of matter, computer software programs, databases, mask works and trade secrets (collectively,
the “Inventions”), which the Executive may solely or jointly conceive or develop or reduce to practice, or cause
to be conceived or developed or reduced to practice, during the period of the Executive's Employment at the Company. The Executive
acknowledges that copyrightable works prepared by the Executive within the scope of and during the period of the Executive's Employment
with the Company are “works for hire” and that the Company will be considered the author thereof. The Executive agrees
that all the Inventions shall be the sole and exclusive property of the Company and the Executive hereby assign all his or her
right, title and interest in and to any and all of the Inventions to the Company or its successor in interest without further consideration.


 


		(b)	Patent and Copyright Registration. The Executive agrees to assist
the Company in every proper way to obtain for the Company and enforce patents, copyrights, mask work rights, trade secret rights,
and other legal protection for the Inventions. The Executive will execute any documents that the Company may reasonably request
for use in obtaining or enforcing such patents, copyrights, mask work rights, trade secrets and other legal protections. The Executive's
obligations under this paragraph will continue beyond the termination of the Employment with the Company, provided that the Company
will reasonably compensate the Executive after such termination for time or expenses actually spent by the Executive at the Company's
request on such assistance. The Executive appoints the Secretary of the Company as the Executive's attorney-in-fact to execute
documents on the Executive's behalf for this purpose.



 


		(c)	Return of Confidential Materials. In the event of the Executive's
termination of employment with the Company for any reason whatsoever, Executive agrees promptly to surrender and deliver to the
Company all records, materials, equipment, drawings, documents and data of any nature pertaining to any confidential information
or to his or her employment, and Executive will not retain or take with him or her any tangible materials or electronically stored
data, containing or pertaining to any confidential information that Executive may produce, acquire or obtain access to during the
course of his or her employment.



 


This Section 10 shall survive
the termination of this Agreement for any reason. In the event the Executive breaches this Section 10, the Company shall have right
to seek remedies permissible under applicable law.


 






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		11.	CONFLICTING EMPLOYMENT.



 


The Executive hereby agrees that,
during the term of his or her employment with the Company, he or she will not engage in any other employment, occupation, consulting
or other business activity related to the business in which the Company is now involved or becomes involved during the term of
the Executive's employment, nor will the Executive engage in any other activities that conflict with his or her obligations to
the Company without the prior written consent of the Company.


 


		12.	NON-COMPETITION AND NON-SOLICITATION



 


In consideration of the salary
paid to the Executive by the Company, the Executive agree that during the term of the Employment and for a period of two (2) years
following the termination of the Employment for whatever reason:


 


		(a)	The Executive will not approach clients, customers or contacts of the Company
or other persons or entities introduced to the Executive in the Executive's capacity as a representative of the Company for the
purposes of doing business with such persons or entities which will harm the business relationship between the Company and such
persons and/or entities;



 


		(b)	unless expressly consented to by the Company, the Executive will not assume
employment with or provide services as a director or otherwise for any Competitor, or engage, whether as principal, partner, licensor
or otherwise, in any Competitor; and



 


		(c)	unless expressly consented to by the Company, the Executive will not seek
directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to solicit the services of any employee
of the Company employed as at or after the date of such termination, or in the year preceding such termination.



 


The provisions contained in Section
12 are considered reasonable by the Executive and the Company. In the event that any such provisions should be found to be void
under applicable laws but would be valid if some part thereof was deleted or the period or area of application reduced, such provisions
shall apply with such modification as may be necessary to make them valid and effective.


 


This Section 12 shall survive
the termination of this Agreement for any reason. In the event the Executive breaches this Section 12, the Executive acknowledges
that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific
performance, and such other relief as may be proper (including monetary damages if appropriate). In any event, the Company shall
have right to seek all remedies permissible under applicable law.


 


		13.	WITHHOLDING TAXES



 


Notwithstanding anything else
herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise
due or payable under or pursuant to this Agreement such national, provincial, local or any other income, employment, or other taxes
as may be required to be withheld pursuant to any applicable law or regulation.


 






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		14.	ASSIGNMENT



 


This Agreement is personal in
its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any
rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or any rights or
obligations hereunder to any of its affiliates or subsidiaries without such consent, and (ii) in the event of a merger, consolidation,
or transfer or sale of all or substantially all of the assets of the company with or to any other individual(s) or entity, this
Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor
shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.


 


		15.	SEVERABILITY



 


If any provision of this Agreement
or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of this Agreement
which can be given effect without the invalid provisions or applications and to this end the provisions of this Agreement are declared
to be severable.


 


		16.	ENTIRE AGREEMENT



 


This Agreement constitutes the
entire agreement and understanding between the Executive and the Company regarding the terms of the Employment and supersedes all
prior or contemporaneous oral or written agreements concerning such subject matter. The Executive acknowledges that he or she has
not entered into this Agreement in reliance upon any representation, warranty or undertaking which is not set forth in this Agreement.
Any amendment to this Agreement must be in writing and signed by the Executive and the Company.


 


		17.	GOVERNING LAW



 


This Agreement shall be governed
by and construed in accordance with the law of the State of New York, USA.


 


		18.	AMENDMENT



 


This Agreement may not be amended,
modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to this Agreement,
which agreement is executed by both of the parties hereto.


 


		19.	WAIVER



 


Neither the failure nor any delay
on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof,
nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the
same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to
any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver
shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.


 






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		20.	NOTICES



 


All notices, requests, demands
and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given
and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, or (iii) sent by a recognized courier with
next-day or second-day delivery to the last known address of the other party.


 


		21.	COUNTERPARTS



 


This Agreement may be executed
in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon,
and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts
hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic
copies of such signed counterparts may be used in lieu of the originals for any purpose.


 


		22.	NO INTERPRETATION AGAINST DRAFTER



 


Each party recognizes that this
Agreement is a legally binding contract and acknowledges that it, he or she has had the opportunity to consult with legal counsel
of choice. In any construction of the terms of this Agreement, the same shall not be construed against either party on the basis
of that party being the drafter of such terms.


 


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IN WITNESS WHEREOF, this Agreement has
been executed as of the date first written above.


 


	 	Home Inns & Hotels
    Management Inc.
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/
    David Jian Sun	 
	 	Name:	 	David Jian SUN	 
	 	Title:	 	CEO	 
	 	 	 	 	 
	 	 	 	 	 
	 	Executive
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/
    Cathy Xiangrong Li	 
	 	Name:	 	Cathy Xiangrong LI	 
	 	Title:	 	CFO	 
	 	 	 	 	 	 






 






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