Loan Agreement



 EXHIBIT 4.135 
 Loan Agreement 
 between 
 TOM EACHNET HOLDINGS (BVI) INC. 
 and 
 Wan Hua 







 LOAN AGREEMENT 
 The Loan Agreement (hereinafter referred to as the “Agreement”) is entered into as of Feb 1, 2007 by and between: 
  

	(1)	TOM EACHNET HOLDINGS (BVI) INC. (hereinafter referred to as the “Lender”), is a limited liability Company registered in P.O. Box 173, Kingston Chambers, Road Town,
Tortola, British Virgin Islands; and 

  

	(2)	Wan Hua (hereinafter referred to as the “Borrower”), whose Identity Card No. is 110106196207281812 with his residence address at No. 1303, Building 502, Xicui Road,
Haidian District, Beijing 

 The Lender and the Borrower are hereinafter individually referred to as a “Party” and collectively the
“Parties”. 
 WHEREAS, 
 The Borrower holds 50%
of the equity interest in Beijing Yi Lian Tong He Information Technology Co., Ltd (hereinafter referred as the “Borrower Company”), a limited liability company registered in the People’s Republic of China (hereinafter referred to as
the “PRC”). 
 The Parties, through friendly negotiation, agree that: 
  

	1.	Facility 

  

	1.1	The Lender agrees to provide the Borrower a long term loan of RMB 50,000, (hereinafter referred to as the “Facility”) in accordance with the conditions and provisions of
this Agreement. The term of this Facility will be 10 years and shall be extended upon the agreement of the Parties. If any of the following events occurs, maturity of the Facility will be accelerated before expiry of the Loan Agreement or any
extended term hereunder: 

  

	 	(1)	The Borrower dies or becomes a person with no or limited capacity of civil conduct; 

  

	 	(2)	The Borrower is leaves its office in or is dismissed by the Lender or its affiliates; 

  

 1 









	 	(3)	The Borrower commits crime or is involved in crime; 

  

	 	(4)	Any third party claims against the Borrower for a debt with the amount exceeding RMB500,000; and 

  

	 	(5)	Subject to the laws of the People’s Republic of China (hereinafter referred to as the “PRC”), foreign investors are allowed to invest in value-added telecommunication
business and the relevant authority has commenced to examine and approve such investment. 

  

	1.2	The Lender agrees that, if all conditions precedent in Article 2 are satisfied, the Lender shall remit this Facility in one-off payment to the account appointed by the Borrower
within 7 days after receiving a written notice to use this Facility from the Borrower. Simultaneously, the Borrower shall provide the Lender with a receipt letter for confirmation. The commitments made by the Lender under this clause shall be
applied to the Borrower and the Third Party Designated by the Lender other than its assignee or successor. 

  

	1.3	The Borrower agrees to accept this Facility, and hereby acknowledges and warrants that, this Facility shall be used for the purpose of providing funds for the Borrower
Company’s business development only and not to use the Facility for any other purposes or transfer or pledge its equity interest or any other interest in the Borrower Company hereunder to any other third party without obtaining the prior
written consent from the Lender. 

  

	1.4	The Lender and the Borrower hereby jointly acknowledge and confirm that the Borrower shall repay the Facility only in the following way: the Borrower shall transfer all Borrower
Equity in the Borrower Company to the Lender or any third party (legal person or natural person) designated by the Lender. 

  

	1.5	The Lender and the Borrower hereby jointly acknowledge and confirm that, any proceeds obtained by the Borrower from the Borrower Equity transfer shall be used to repay the Facility
by the Borrower in the way agreed by the Lender in accordance with this Agreement and this Agreement shall be terminated at the same time. 

  

	1.6	The Lender and the Borrower hereby jointly acknowledge and confirm that, subject to the applicable laws’ permission, the Lender is entitled without obligation to purchase in
person or appoint a third party (legal person or natural person) to purchase part or all of the Borrower Equity in the Borrower Company at the price agreed by the Parties at any time. 

  

 2 








 The Borrower warrants that it shall execute an irrevocable Power of Attorney to authorize a person
designated by the Lender to exercise all the shareholder rights in the Borrower Company on its behalf. 
  

	1.7	The interest of the Facility 

 When the Borrower transfers
its equity interest in the Borrower Company to the Lender or to the person appointed by the Lender, if the transfer price is equal to or lower than the principal of the Facility under this Agreement, the Facility shall be deemed as a loan without
interest. However, if the transfer price is higher than the principal of the loan under this Agreement, the part exceeding the principal shall be deemed as the interest of the Facility under this Agreement and shall be repaid by the Borrower to the
Lender. 
  

	2.	Conditions Precedent 

 The Lender has the obligation to offer the
Borrower the Loan according to the Article 1.1 after all the following conditions are satisfied or waived in written by the Lender: 
  

	2.1	The Lender has duly received the drawing notice formally executed by the Borrower pursuant to the Article 1.2 hereof; 

  

	2.2	The Borrower and Ebay Each Internet Information Service (Shanghai) Co. Ltd. entered into a share pledge agreement (hereinafter referred to as the “Share Pledge
Agreement”), in which the Borrower agreed to pledge all the Borrower’s Equity to Ebay Each Internet Information Service (Shanghai) Co. Ltd.. 

  

	2.3	The Borrower, the Lender and the Borrower Company entered into an exclusive option agreement (hereinafter referred to as the “Exclusive Option Agreement”), in which the
Borrower shall irrevocably grant the Lender an exclusive option to purchase all the Borrower’s Equity subject to the PRC laws’ permission. 

  

 3 









	2.4	The Share Pledge Agreement and the Exclusive Option Agreement are valid and effective without any default events thereunder, and all relevant formalities of filing, approval,
authorization, registration and governmental permits have been acquired and obtained (if necessary). 

  

	2.5	The Borrower’s representations and warranties of the Article 3.2 are authentic, complete, true and not misleading, and are the same as if made on the date of the withdrawal
notice and the withdrawal day. 

  

	2.6	The Borrower didn’t violate any commitments provided in Article 4 hereof, and no events that may affect the Borrower’s performance of this Agreement occurred or will
occur. 

  

	3.	Representations and Warranties 

  

	3.1	During the term of this Agreement, the Lender makes the following representations and warranties to the Borrower: 

  

	 	(a)	The Lender is a company duly incorporated and effectively existing under terms and conditions stipulated in laws and regulations of British Virgin Islands. 


 

	 	(b)	The Lender is entitled to execute and perform the Agreement. The execution and performance of this Agreement is in compliance with the Lender’s business scope, the
Lender’s Articles of Association and other constitutional documents. The Lender has obtained all necessary and proper approvals and authorizations to execute and perform this Agreement. 

  

	 	(c)	The Lender’s execution and performance of this Agreement did not violate any laws, regulations, or government approvals, authorizations, circular or any other government
documents, or any agreement between the Lender and any third party, or any warranties, undertakings to any third party; and 

  

	 	(d)	This Agreement shall constitute effective and enforceable obligations of the Lender upon execution. 

  

	3.2	During the term of this Agreement, the Borrower makes the representations and warranties as follows: 

  

	 	(a)	The Borrower Company is a limited liability company duly incorporated and effectively existing under the laws of PRC and the Borrower is a legal shareholder of the Borrower Company.


  

 4 









	 	(b)	The Borrower is entitled to execute and perform the agreement. The execution and performance of this Agreement is in compliance with the Borrower’s business scope, the
Borrower’s Articles of Association and other constitutional documents. The Borrower has obtained all necessary and proper approvals and authorizations to execute or perform this Agreement. 

  

	 	(c)	The Borrower’s execution and performance of this Agreement did not violate any laws, regulations, or government approvals, authorizations, circular or any other government
documents, or any agreement between the Borrower and any third party, or any warranties, undertakings to any third party. 

  

	 	(d)	This Agreement shall constitute effective and enforceable obligations of the Borrower upon execution. 

  

	 	(e)	The Borrower has fulfilled its capital contribution in connection with the Borrower Equity and has obtained a capital verification report issued by a qualified accountant office
regarding the fulfillment of the capital contribution to the Borrower Company. 

  

	 	(f)	Except as otherwise provided under Share Pledge Agreement, the Borrower didn’t make any mortgage, pledge or any other security on the Borrower’s Equity, or offer any third
party the transfer of the Borrower’s Equity, or accept any offer to purchase Borrower’s Equity from any third party, or reach any agreement with any third party to transfer Borrower’s Equity. 

  

	 	(g)	There is no dispute, litigation, arbitration, administrative proceedings or any other legal proceedings related to the Borrower and /or the Borrower’s Equity, whether occurred
or stay potential. 

  

 5 









	 	(h)	The Borrower Company has obtained and acquired all government approvals, authorizations, licenses, registrations and filings in connection with its assets and operation within its
business scope. 

  

	4.	Covenants and Undertakings of Borrower 

  

	4.1	The Borrower, as one of the major shareholders of the Borrower Company, hereby undertake to procure with all efforts the Borrower Company to observe the following terms during the
term of this Agreement: 

  

	 	(a)	It shall not supplement, amend or modify in any way its Article of Association, or increase or decrease its registered capital, or reform in any way the shareholding structure
without the prior written consent of the Lender; 

  

	 	(b)	It shall maintain the company’s effective existing and deal with and operate its business duly and diligently in accordance with the good financial and commercial codes and
practices; 

  

	 	(c)	It shall not sell, assign, transfer, pledge or dispose in any way any legitimate rights or benefit interests in connection with its asset, business or income, or create any other
security interest over the same without the prior written consent of the Lender after execution of this Agreement; 

  

	 	(d)	It shall not conduct, inherit, guarantee or bear any debt without the prior written consent of the Lender, except that (i) the debts are incurred in the normal or daily
business other than through a loan; (ii) the debts have been disclosed to the Lender or a with a written consent of the Lender; 

  

	 	(e)	It shall operate all of its businesses in the ordinary course of business to maintain its asset value; 

  

	 	(f)	It shall not enter into any material agreements or contracts without the prior written consent of the Lender, except those entered into in the ordinary course of business (for the
purpose of this paragraph, any Agreement with a value exceeding RMB100,000 shall be deemed as a material Agreement); 

  

 6 









	 	(g)	It shall not provide any loan or credit for any party without the prior written consent of the Lender; 

  

	 	(h)	It shall provide the Lender with the information in connection with its finance or business as required; 

  

	 	(i)	It shall purchase and hold insurance policies from the insurance company accepted by the Lender. The insured amount and category shall be equal to or in the same level as those of
the companies with the similar business, assets and properties in the same district; 

  

	 	(j)	It shall not acquire, invest in, merge or consolidate with any party without the prior written consent of the Lender; 

  

	 	(k)	It shall notify the Lender immediately when any legal action, arbitration or administrative proceedings relating to its assets, operations and incomes occurs or is likely to occur;


  

	 	(l)	For the purpose of maintaining property rights to all of its assets, it shall execute all necessary or proper documents, take all necessary or proper actions, bring forward all
necessary or proper claims, and conduct all necessary or proper defenses against any third party’s claim; 

  

	 	(m)	It shall not distribute in any way any bonus or dividends to its shareholders without the prior written consent of the Lender, however, it shall immediately allot all distributable
profits to its shareholders on the request of the Lender; 

  

	 	(n)	It shall appoint any person designated by the Lender as the director of the Borrower Company on the request of the Lender; and 

  

	 	(o)	It shall strictly observe the provisions under the Exclusive Option Agreement without conducting any action or non-action that will materially affect the validity and enforceability
of the Exclusive Option Agreement. 

  

	4.2	The Borrower further undertakes during the term of this Agreement as follows: 

  

	 	(a)	Except as otherwise provided in the Share Pledge Agreement, it shall not sell, assign, transfer, mortgage or dispose in any way any legitimate rights or benefit interests in
connection with the Borrower’s Equity, or create any other security interest over the same, without the prior written consent of the Lender; 

  

 7 









	 	(b)	It shall procure that the shareholders’ meeting, without the prior written consent of the Lender, shall not approve any sale, assignment, transfer, mortgage or disposal in any
way of any legitimate rights or benefit interests in connection with the Borrower’s Equity or any creation of any other security interest over the same, except which the Lender or the person appointed by the Lender is a party;


  

	 	(c)	It shall procure that its shareholders’ meeting shall not approve the Borrower Company’s acquisition of, investment in, merger or consolidation with any party without the
prior written consent of the Lender; 

  

	 	(d)	It shall notify the Lender immediately when any legal action, arbitration or administrative proceedings relating to Borrower’s Equity occurs or is likely to occur;


  

	 	(e)	For the purpose of maintaining all rights to the Borrower Company’s Equity, it shall execute all necessary or proper documents, take all necessary or proper actions, bring
forward all necessary or proper claims, and conduct all necessary or proper defenses against any third party’s claim; 

  

	 	(f)	It shall not conduct any action or non-action that will materially affect the assets, business, or liability of the Borrower Company without the prior written consent of the Lender;


  

	 	(g)	It shall appoint any person designated by the Lender as the director of the Borrower Company on the request of the Lender. 

  

	 	(h)	Subject to PRC laws’ permission, if requested at any time by the holding company of the Lender, it shall unconditionally transfer all its equity in the Borrower Company to the
Lender or the representative(s) designated by the lender and procure the other shareholder(s) in the Borrower Company to waive the right of pre-emptive right for purchasing the equity mentioned above; 

  

 8 









	 	(i)	Subject to PRC laws’ permission, if requested at any time by the holding company of the Lender, it shall procure that the other shareholder in the Borrower Company shall
unconditionally transfer to the Lender or the representative(s) designated by the Lender all equity in the Borrower Company and hereby the Borrower waives the pre-emptive right to purchase the equity mentioned above; 

  

	 	(j)	If the Lender purchases the Borrower’s Equity pursuant to the Exclusive Option Agreement, the Borrower shall repay this loan in priority from the above consideration paid by
the Lender; and 

  

	 	(k)	It shall strictly observe and perform the obligations and other provisions under the Share Pledge Agreement, the Exclusive Option Agreement and this Agreement without conducting any
action or non-action which will materially affect the validity and enforceability of the Share Pledge Agreement, the Exclusive Option Agreement and this Agreement. 

  

	5.	Defaults 

 If the Borrower fails to perform his
repayment obligation pursuant to this Agreement, an overdue interest at the rate of 0.01% per day upon the outstanding amount of the loan shall be paid to the Lender until the Borrower has repaid all the principal, overdue interest and other
related amount. 
  

	6.	Notices 

 Unless a written notice of change of
address is issued, all correspondence relating to this Agreement shall be delivered in person, or by facsimile, or by registered mail to the following addresses. If the notice is delivered by registered mail, the date on the return receipt is the
delivery day. If the notice is delivered in person or by fax, the date when the notice is sent is the delivery day. If the notice is delivered by fax, the original shall be delivered immediately to the following address in person or by registered
mail: 
  

			
	The Lender:	 	TOM Eachnet Holdings (BVI) Inc.
		
	Address:	 	48/F the Center 99 Queen’s Road Central, Hong Kong
		
	Fax:	 	852-21897446

  

 9 









			
	Attention:	 	48/F the Center 99 Queen’s Road Central, Hong Kong
		 	Incorporation secretary
		
	Fax:	 	852-21897446
		
	The Borrower:	 	Wan Hua
		
	Address:	 	8th Floor, Tower W3 Oriental Plaza, No.1 Dong Chang An Avenue, Dong Cheng District, Beijing, PRC
		
	Fax:	 	010-8518 1176

  

	7.	Confidentiality 

 The Parties acknowledge and
confirm that all the oral or written information in connection with this Agreement is the confidential information. Both Parties shall keep them confidential, and shall not disclose such confidential information to any third party without the prior
written consent of the other party except that: (a) such information has been disclosed or is to be disclosed to the public (except being disclosed to the public by the information recipient without the consent of the other party);
(b) such information shall be disclosed to the public in accordance with the applicable laws or the regulations or practices of the Hong Kong Stock Exchanges; or (c) such information needs to be disclosed to the legal counsel or the
financial advisor who shall bear the confidential obligations hereof, however, if the confidential information is released by the employees or the engaged third parties, it shall be deemed as violated by the Party who employs or engages such
persons. The Parties agree that this article shall survive any termination of this Agreement. 
  

	8.	Governing Law and Dispute Settlement 

  

	 	8.1	The conclusion, validity, construction, performance, amendment, termination and the dispute settlement of the Agreement shall be governed by or in accordance with PRC laws.


  

	 	8.2	All disputes arising from the interpretation and performance of this Agreement shall initially be resolved through friendly negotiations. If no settlement is reached within 30 days
after a written notice for negotiation is sent to the other Party, either Party shall be entitled to submit the dispute to China International Economic and Trade Arbitration Commission (CIETAC) and the arbitration proceedings shall take place in
Beijing in accordance with the current rules of CIETAC. The arbitration award shall be final and have binding force upon the both Parties. 

  

 10 









	 	8.3	In case of any disputes arising out of the interpretation and performance of this Agreement or any pending arbitration of such disputes, each Party shall continue to perform their
rights and obligations under this Agreement, except for the matters involved in the disputes. 

  

	9.	Miscellaneous 

  

	 	9.1	This Agreement shall come into effect on the execution date and expire when the parties have fulfilled their respective obligations under this Agreement. 


 

	 	9.2	This Agreement is made in two copies, each retained by one Party with equal legal effect. 

  

	 	9.3	This Agreement may be amended and supplemented in written form. The amendment and/or supplement to this Agreement shall be integral part of and shall not be separated from this
Agreement, and shall have the equal legal effect to this Agreement. 

  

	 	9.4	Any invalid article under this Agreement shall not affect the validity of other articles under this Agreement. 

  

	 	9.5	The annexes to this Agreement shall be an integral part of, and shall not be separated from, this Agreement and have the equal legal effect to this Agreement.


  

 11 








 [No content hereunder] 
 Lender: TOM EACHNET HOLDINGS (BVI) INC. 
 Authorized Representative Signature: 
 Borrower: Wan Hua 
 Signature: 
  

 12