Exhibit 4.26


 


Execution Copy


 


[Note: Translation from the original agreement
written in Chinese]


 


Seventh Amended and Restated Business
Operations Agreement 


 


This Seventh Amended and Restated Business
Operations Agreement (the “Agreement”) is entered into on November 10, 2014 (the “Effective Date”) among
the following parties:


 


Party A:     eLong Net Information Technology
(Beijing) Co., Ltd.


Address: 10 Jiuxianqiao Street, Chaoyang
District Beijing


Legal Representative: Guangfu Cui


 


Party B:     Beijing eLong Information Technology
Co. Ltd.


Address: Second Floor, Xingke Plaza-C,
10 Jiuxianqiao Street, Chaoyang District Beijing


Legal Representative: Guangfu Cui


 


Party C:     Guangfu
Cui


Address: No.1, XiangHongqi Street,
Haidian District, Beijing


ID No.:


 


Party D:     Ding Haochuan


Address: No. 19 Dongjing Road, Xuanwu
District, Beijing


ID No.:


 


WHEREAS: 


 


		(1)	Party A is a wholly foreign-owned enterprise legally registered and existing in the People’s
Republic of China (the “PRC”);



 


		(2)	Party B is a limited liability company registered under the law of the PRC and licensed by the Beijing
telecommunications authority to engage in Internet service business;



 


		(3)	Party A and Party B have established a business relationship by entering into the Technical Services
Agreement (the “Services Agreement”) on February 1, 2001 in Beijing, which was later amended and restated on August
22, 2003, July 20, 2004, July 6, 2011 and December 26, 2012;



 


		(4)	Pursuant to the Services Agreement between Party A and Party B, Party B shall pay a service fee to
Party A in consideration of technical services provide by Party A, and Party B’s business operations substantially affect
Party B’s payment capability;



 


		(5)	Party C holds 87.5% equity interest in Party B;



 


		(6)	Party A, Party B, Party C and Xie Zhen, the former shareholder who held 12.5% equity interest of Party
B, entered into the Sixth Amended and Restated Business Operations Agreement on December 26, 2012 to specify the matters related
to the business operations of Party B.



 


		(7)	Pursuant to the Share and Debt Transfer Agreement entered into by Party A, Party B, Party C and Xie
Zhen on November 10, 2014, the 12.5% interest in Beijing eLong formerly held by Xie Zhen, and all rights and obligations pertaining
thereto, have been transferred to Party D.



 


		(8)	In order to reflect the transfer of equity interest in Beijing eLong, and all corresponding
                                                          rights and obligations, from Xie Zhen to Ding Haochuan, Party A, Party B,  Party C and Party D now enter into this seventh
                                                          amended                                                           and restated agreement to amend and restate the terms of
                                                          the Sixth Amended and Restated Business Operations Agreement dated
                                                          December 26, 2012.



 






    	 



    	 



    

 


Each party shall be referred to as a “Party”
and collectively the “Parties”.


 


NOW THEREFORE, Party A, Party B, Party
C and Party D through mutual negotiations hereby agree as follows:


 


		1.	In order to ensure the normal operation of Party B’s business, Party A agrees, subject to Party
B’s satisfaction of the provisions herein, to act as the guarantor for Party B in contracts, agreements or transactions with
any third party related to Party B’s business, and to provide a guarantee for Party B in performing such contracts, agreements
or transactions. As a cross-guarantee, Party B agrees to pledge or mortgage the receivables of its business operations and all
assets of the company to Party A. Pursuant to the above guarantee arrangement, Party A, as the guarantor for Party B, shall respectively
enter into written guarantee contracts with Party B’s counter parties to assume the guarantee liability.



 


		2.	Party C and Party D agree that, simultaneous with the execution of this Agreement, each will execute
an irrevocable Power of Attorney in favor of eLong, Inc. (the Cayman Islands parent company) or other entity or person designated
by eLong, Inc. (including successors thereto), according to the law and articles of association of Party B, to authorize eLong,
Inc. to act as the holder of all rights and privileges of Party B’s shareholding, including but not limited to: convening
shareholders’ meeting, accepting any notices or materials for shareholders’ meetings, attending shareholders’
meeting and voting as the holder of the shareholding interest (including but not limited to acting as the authorized representative
of Party B at the shareholders’ meeting to appoint Directors, the General Manager, Finance Controller and other senior management,
determining dividends, etc.), selling or transferring the shareholding.



 


		3.	In consideration of the requirements of Article 1 herein, in order to ensure the performance of the
various agreements between Party A and Party B and to ensure the payment of the various payables by Party B to Party A, Party B
together with its shareholders Party C and Party D hereby agree that Party B shall not conduct any transaction which may materially
affect its assets, obligations, rights or the company’s operation without the prior written consent of Party A, including
without limitation the following:



 


		3.1	Borrowing money from any third party or assuming any debt (including contingent liability) from any
third party;



 


		3.2	Selling to any third party or acquiring from any third party any assets or rights, including without
limitation, any intellectual property rights;



 


		3.3	Providing any security interest, financial obligation or priority right for any third party with respect
to the company’s assets or intellectual property rights;



 


		3.4	Changing or dismissing any member of the company’s Board of Directors or replacing any member
of the company’s senior management;



 


		3.5	Amending any significant internal bylaws of the company;



 


		3.6	Amending the articles of association, or altering the business scope, of the company;



 


		3.7	Significantly changing the company’s business model, marketing strategy, management or customer
relations;



 


		3.8	Issuing any form of dividend or profit distribution;



 


		3.9	Assigning to any third party, agreements entered into with respect to all or a part of the company’s
business.



 






    	 



    	 



    

 


		4.	Appointment of Company Employees



 


		4.1	In order to ensure the performance of the various agreements between Party A and Party B and to ensure
the payment of the various payables by Party B to Party A, Party B together with its shareholders Party C and Party D hereby jointly
agree to accept the provision of the corporate policies and guidance by Party A in respect of appointment and dismissal of company
employees, the company’s daily operations and the company’s financial administrative system.



 


		4.2	Party B together with its shareholders Party C and Party D hereby jointly agree that Party B, Party
C and Party D shall only appoint the personnel recommended by Party A’s parent company (eLong, Inc. of the Cayman Islands)
as the directors of Party B, and Party B shall engage Party A’s or Party A’s wholly-owned subsidiaries’ high
ranking officers or any other candidate recommended by Party A as Party B’s general manager, chief financial officer, and
other high ranking officers. If any of the above officers leaves or is fired by Party A’s parent company (eLong, Inc. of
the Cayman Islands), regardless of the reason for dismissal, he or she will lose the qualification to undertake any positions in
Party B and Party B, Party C and Party D shall appoint other high officers recommended by Party A’s parent company (eLong,
Inc. of the Cayman Islands) or Party A’s wholly-owned subsidiaries to undertake such position.



 


		4.3	To achieve the intent of the preceding sections, Party C and Party D will take all necessary measures
to complete the internal and external hiring and termination process, in accordance with PRC law, the company’s articles
of association and the terms of this Agreement.



 


		5.	Security for Working Capital



Other then as set
forth in Article 1 herein, Party B together with its shareholders Party C and Party D hereby jointly agree and confirm that, Party
B shall first seek a guarantee from Party A if Party B needs any guarantee for the performance of any contract or a loan of working
capital in the course of operations. In such case, Party A shall have the right but not the obligation to provide appropriate guarantee
to Party B in its own discretion. If Party A decides not to provide such guarantee, Party A shall promptly issue a written notice
to Party B, and Party B may then seek a guarantee from a third party.


 


		6.	Termination 



		6.1	In the event that any of the agreements between Party A and Party B terminates or expires, Party A
shall have the right but not the obligation to terminate all agreements between Party A and Party B including without limitation
the Services Agreement.



 


		6.2	Party A may unilaterally terminate this Agreement at any time by providing written notice to Party
B. During the term of this Agreement, Party B, Party C and Party D do not have the right to terminate this agreement.



 


		7.	Indemnification



The Parties covenant that each will indemnify
the other parties (the “Indemnified Parties”) in the event of any loss, liability, fees, damages, or expenses (including
legal fees and expenses) arising from the breach of any obligation under this Agreement, and ensure that the Indemnified Parties
will not suffer any loss therefrom.


 


		8.	Dispute Settlement 



		8.1	The agreement shall be under the jurisdiction of the law of PRC, and be explained in accordance with
the law of PRC.



 


		8.2	Any dispute, controversy or claim arising from the agreement or relating with the agreement (including
any issue relating with the existence, validity or termination of the agreement) should be submitted to China International Economic
and Trade Arbitration Commission (the “Arbitration Commission”). Arbitration Commission shall conduct arbitration in
accordance with the rules of arbitration in effect on the date of the application. The arbitration award shall be final and binding
upon both parties.



 


		8.3	Arbitration place shall be in Beijing.



 






    	 



    	 



    

 


		8.4	Arbitration language shall be Chinese.



 


		8.5	The arbitral panel shall be composed of three arbitrators. Each Party should respectively appoint
an arbitrator, the chairman of the arbitral panel shall be appointed by both parties through consultation. In case both parties
do not agree on the person selected for the chief arbitrator within twenty days from the date of their respective arbitral appointments,
the director of the Arbitration Commission shall have the right to appoint the chief arbitrator. The chief arbitrator shall not
be a Chinese citizen or United States citizen.



 


		8.6	The Parties agree that the court of arbitration established according to the regulation shall have
the right to provide specific performance in accordance with PRC law (including but not being limited to Law of Contract of the
People’s Republic of China). For the avoidance of doubt, both parties confirm that any court having jurisdiction (including
PRC courts) may carry out specific performance of the arbitral award.



 


		8.7	The Parties agree to conduct arbitration in accordance with this Section, and irrevocably waive the
right to appeal, reexamine or prosecute to national court or other judicial body in any form, subject to the effectiveness of this
waiver. However the waiver of the Parties does not include any post-arbitration injunction, post-arbitration distress warrant or
other command issued by any court having jurisdiction (including PRC Court) for terminating the arbitration procedure or carrying
out any arbitral award. The court of arbitration shall compose of three arbitrators. Both parties should respectively appoint an
arbitrator, the chairman of the court of arbitration shall be appointed by both parties through consultation. In case the Parties
do not agree on the person selected for the chief arbitrator within twenty days from the date of their respective arbitral appointments,
the director of Arbitration Commission shall have the right to appoint the chief arbitrator.



 


		9.	Effectiveness and Term of the Agreement 



This Agreement shall be effective upon signature
and stamp of the Parties. The term of this Agreement is twenty (20) years, which shall be automatically extended for additional
20 year terms, and such extensions may be without limit.


 


		10.	Other



		10.1	The Parties agree that the representations, warranties, covenants and obligations of Party B, Party
C and Party D are joint and several.



 


		10.2	Amendments to this Agreement shall be in writing. Party A has the right to amend or supplement this
Agreement, and Party B, Party C and Party C shall cooperate and unconditionally sign any additional documents. Any amendment, change
and supplement executed by all the parties shall be an indivisible part of this Agreement, with the same legal effect.



 


		10.3	The Parties hereby confirm that the terms of this Agreement are reasonable and were determined after
equal negotiations. If any provisions of this agreement are judged as invalid, illegal or non-enforceable according to any laws
or regulations, the validity, legality and enforceability of other provisions hereof shall not be affected or impaired. The Parties
shall, through sincere consultation, seek to substitute valid provisions for those deemed invalid, illegal or non-enforceable.



 


		10.4	Any party to this agreement may waive the terms and conditions of this agreement. Any waiver by a
party to the breach hereof by other parties in a certain situation shall not be construed as a waiver to any similar breach by
other parties in any other situation.



 


		10.5	Party C and Party D covenant that, regardless of any changes in the percentage shareholding of Party
C and Party D in Party B, the provisions of this Agreement will continue to be binding on Party C and Party D, and applicable to
their respective shareholdings of Party B.



 






    	 



    	 



    

 


		10.6	This Agreement amends and restates the Sixth Amended and Restated Business Operation Agreement, dated
December 26, 2012; in the event of any conflict between the terms of this Agreement and the prior agreement, the terms of this
Agreement shall prevail.



 


		10.7	This Agreement is executed by Chinese in quadruplicate and each party holds one copy, which shall
have the same legal effect.



 


[No text hereunder]


 




    	 



    	 



    


 


[signature page for Business Operations
Agreement]


 


Party A: eLongNet Information Technology
(Beijing) Co., Ltd.


	Signature of Authorized Representative:	[seal of eLongNet Information Technology (Beijing) Co., Ltd.]
	 	/s/ Cui Guangfu 


 


Party B: Beijing eLong Information
Technology Co. Ltd.


	Signature of Authorized Representative:	[seal of Beijing eLong Information Technology Co. Ltd.]
	 	/s/ Cui Guangfu 


 


Party C: Cui Guangfu


	Signature:	/s/ Cui Guangfu 	 


 


Party D: Ding Haochuan


	Signature:	/s/ Ding Haochuan