**EQUITY PLEDGE AGREEMENT**This **EQUITY PLEDGE AGREEMENT**(this “**Agreement**”) is entered into in Shanghai, the PRC, on September29, 2009 by and among:1. **Xudong ZHU**   Identity Card No.: 310108196710054852 2. **Jun LUO**   Identity Card No: 310110196801064214   (Xudong ZHU and Jun LUO are hereinafter referred to individually as a “**Pledgor**” andcollectively as the “**Pledgors**”.) 3. **Shanghai SINA Leju Information Technology Co., LTd.**(the “**Pledgee**”)     Registered address: Room 11A, 971 Dongfang Road, Pudong New District, Shanghai4. **Beijing Yisheng Leju Information Service Co., Ltd.**(the “**Company**”)      Registered address: Rooms 806-810, Ideal Plaza, 58 Bei Si Huan Xi Road, Haidian District,Beijing(In this Agreement, the above parties are referred to individually as a “**Party**” and collectively asthe “**Parties**”.)**WHEREAS**:(1) Fei CAO, Jingning SHAO and the Pledgors entered into an Equity Interest Transfer Agreement(the “**Equity Interest Transfer Agreement**”) on September 29, 2009. According to the EquityInterest Transfer Agreement, Fei CAO and Jingning SHAO agreed to transfer all the equityinterest they held in the Company respectively to the Pledgors (the “**Equity InterestTransfer**”). After the Equity Interest Transfer takes effect, the Pledgors will becomeshareholders of the Company, legally holding all the equity interest in the Company (the“**Company Equity Interest**”). Appendix 1 sets forth the capital contribution amount and theshareholding percentage of each Pledgor in the registered capitalof the Company after the Equity Interest Transfer takes effect. (2) The Parties to this Agreement entered into the Exclusive Call Option Agreement (the “**CallOption Agreement**”) on September 29, 2009. The Call Option Agreement will take effectimmediately after the Equity Interest Transfer becomes effective. Under the Call OptionAgreement, the Pledgors
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  shall, to the extent permitted by the PRC Law, transfer all or part ofthe equity interest they hold in the Company to the Pledgee and/or any other entity orindividual designated by the Pledgee based on the Pledgee’s request. (3) The Parties to this Agreement entered into the Shareholder Voting Rights Proxy Agreement (the“**Proxy Agreement**”) on September 29, 2009. The Proxy Agreement will take effect immediatelyafter the Equity Interest Transfer becomes effective. Under the Proxy Agreement, the Pledgorsirrevocably delegated the individual then designated by the Pledgee with the full power toexercise on behalf of the Pledgors all their shareholder voting rights in the Company. (4) The Company and the Pledgee entered into the Exclusive Technology Service Agreement (the“**Service Agreement**”) on May 8, 2008, whereby the Company exclusively engaged the Pledgee toprovide the technology assistances such as relevant technology transfer, technology licensing,technology service, and provision of equipment, etc. to the Company, and agreed to pay thecorresponding fee to the Pledgee for such technology assistances. (5) The Pledgors and Pledgee entered into a Loan Agreement on September 29, 2009 (the “**LoanAgreement**”). The Loan Agreement will take effect immediately after the Equity InterestTransfer becomes effective. According to the Loan Agreement, the Pledgee agrees to provide thePledgors with a loan in the amount of RMB1,000,000 (in words: one million Yuan). (6) As the Pledgors’ security for the performance of the Contractual Obligations (as definedbelow) and the discharge of the Secured Liabilities (as defined below), the Pledgors arewilling to pledge all the Company Equity Interest they hold in favor of the Pledgee and grantthe Pledgee the first pledge after the Equity Interest Transfer takes effect, and the Companyagrees to such equity interest pledge arrangement.**THEREFORE**, the Parties, through negotiation, agree as follows:**Article 1 Definitions**1.1 Unless otherwise indicated in the context, in this Agreement, the following terms shall beinterpreted as follows.   “**Contractual Obligations**” means all the contractual obligations of the Pledgors under theCall Option Agreement, the Proxy Agreement and the Loan Agreement, all the contractualobligations of the Company under the Call Option Agreement, the Proxy Agreement and theService Agreement, and all
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  the contractual obligations of the Pledgors and the Companyunder this Agreement.   “**Secured Liabilities**” means all the direct, indirect and derivative losses and loss offoreseeable interest incurred by the Pledgee due to any Event of Default (as defined below)on the part of the Pledgors and/or the Company; the basis for determining the amount ofsuch losses includes but not limited to the reasonable commercial plan and profit forecastof the Pledgee; and all the expenses incurred by the Pledgee to enforce the performance bythe Pledgors and/or the Company of their Contractual Obligations.   “**Transaction Documents**” means the Call Option Agreement, the Proxy Agreement, the ServiceAgreement and the Loan Agreement.   “**Event of Default**” means any breach by any Pledgor of any of its Contractual Obligationsunder the Call Option Agreement, the Proxy Agreement, the Loan Agreement and/or thisAgreement, and any breach by the Company of any of its Contractual Obligations under theCall Option Agreement, the Proxy Agreement, the Service Agreement and/or this Agreement.   “**Pledged Equity Interest**” means all the Company Equity Interest lawfully owned by thePledgors after the Equity Interest Transfer takes effect and to be pledged to the Pledgeein accordance with this Agreement as the security for the performance of the ContractualObligations by the Pledgors and the Company (see Appendix 1 for the specific Pledged EquityInterest of each Pledgor), and the increased capital contribution amount and the dividendas provided in Article 2.6 and Article 2.7 of this Agreement.   “**PRC**” means the People’s Republic of China, for the purpose of this Agreement, excludingHong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan.   “**PRC Law**” means the then-effective laws, administrative regulations, administrative rules,local regulations, judicial interpretations, and other binding regulatory documents of thePRC. 1.2 Any reference to any PRC Law in this Agreement shall be deemed (1) to include references tothe amendments, changes, supplements and restatement of such PRC Law, irrespective of whetherthey take effect before or after theexecution of this Agreement, and (2) to include the references to other decisions, noticesand regulations enacted in accordance therewith or effective as a result thereof.
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1.3 Unless otherwise specified in the context herein, any reference to an Article, clause, itemor paragraph in this Agreement shall refer to the corresponding part of this Agreement.**Article 2 Pledge of Equity Interest**2.1 The Pledgors hereby agree to pledge, after the Equity Interest Transfer takes effect, thePledged Equity Interest, which they lawfully own and are entitled to dispose of, to thePledgee in accordance with the provisions of this Agreement as the security for theperformance of the Contractual Obligations and the discharge of the Secured Liabilities. TheCompany hereby agrees to the Pledgors’ pledge of the Pledged Equity Interest to the Pledgee inaccordance with the provisions of this Agreement. 2.2 The Pledgors undertake to be responsible for registering the equity interest pledgearrangement (the “**Equity Pledge**”) under this Agreement on the Company’s register ofshareholders immediately after the Equity Interest Transfer takes effect.   The Parties shall use their best efforts to apply to the registration authority in chargeof the Company for registration of the Equity Pledge under this Agreement immediately afterthis Agreement becomes effective. 2.3 During the valid term of this Agreement, unless attributable to the Pledgee’s willful conductor the Pledgee’s gross negligence with direct causation to the consequence, the Pledgee shallin no way be held liable to any reduction of the value of the Pledged Equity Interest, and thePledgors have no right to claim any compensation or other request in any way against thePledgee. 2.4 Without breaching the provisions of Article 2.3 above, if there is any probability that thevalue of the Pledged Equity Interest will notably reduce which is sufficient to jeopardize therights of the Pledgee, the Pledgee may at any time auction or sell the Pledged Equity Intereston behalf of the Pledgors, and may reach agreement with the Pledgors to use the proceeds fromsuch auction or sales to prepay the Secured Liabilities or to deposit such proceeds with thenotary office in the place where the Pledgee is domiciled (all expenses so incurred shall beassumed by the Pledgee). Further, if requested by the Pledgee, the Pledgors shall offeradditional security interest over other property. 2.5 Upon the occurrence of any Event of Default, the Pledgee has the right to dispose of thePledged Equity Interest in accordance with Article 4 of this Agreement.
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2.6 The Pledgors shall not increase the registered capital of the Company without the Pledgee’sprior consent. The increased capital contribution amount of the Pledgors in the registeredcapital of the Company as a result of such capital increase of the Company shall be a part ofthe Pledged Equity Interest. 2.7 No dividend or capital bonus on the Pledged Equity Interest shall be distributed to thePledgors without the Pledgee’s prior consent. The Pledgors agree that during the term ofpledge, the Pledgee has the right to collect any dividend or capital bonus out of the PledgedEquity Interest. The Company shall pay such amount into the bank account designated by thePledgee. 2.8 The Pledgee has the right to dispose of any of the Pledged Equity Interest of any Pledgor inaccordance with this Agreement after the occurrence of any Event of Default.**Article 3 Release of Pledge**3.1 After the Pledgors and the Company fully and completely perform all of the ContractualObligations and discharge all of the Secured Liabilities, the Pledgee shall, upon thePledgors’ request, release the Equity Pledge under this Agreement and cooperate with thePledgors to cancel the registration of the Equity Pledge on the Company’s register ofshareholders and with the administration of industry and commerce in charge of the Company.The Pledgee shall assume the reasonable expenses arising out of the release of the EquityPledge.**Article 4 Disposal of Pledged Equity Interest**4.1 The Parties agree that if any Event of Default occurs, the Pledgee has the right to, bynotifying the Pledgors in writing, exercise all the remedial rights and powers that it isentitled to under the PRC Law, the Transaction Documents and the provisions of this Agreement,including but not limited to being compensated in first priority with proceeds from auctionsor sales of the Pledged Equity Interest. The Pledgee shall not be liable to any loss caused byits reasonable exercise of such rights and powers. 4.2 The Pledgee has the right to delegate in writing its lawyers or other agents to exercise allor any part of its rights and powers above, and neither the Pledgors nor the Company mayoppose thereto. 4.3 The Pledgee has the right to deduct the reasonable expenses actually incurred from itsexercise of all or any part of its rights and powers above from the proceeds gained from itsexercise of such rights and powers.
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4.4 The proceeds gained from the Pledgee’s exercise of its rights and powers shall be settled inaccordance with the following order: (1) firstly, pay all expenses arising out of the disposal of the Pledged EquityInterest and the Pledgee’s exercise of its rights and powers (including theremuneration paid to its lawyers and agents);  (2) secondly, pay the taxes and charges payable for the disposal of the PledgedEquity Interest; and  (3) thirdly, repay the Secured Liabilities to the Pledgee.  If there is any balance after the payment of the above amounts, the Pledgee shall returnthe balance to the Pledgors or any other person entitled to such amount pursuant torelevant laws and regulations, or deposit such amount with the notary office in the placewhere the Pledgee is domiciled (all expenses so incurred to be assumed by the Pledgee). 4.5 The Pledgee has the discretion to, simultaneously or in certain sequence, exercise anyremedies for defaults it is entitled to. The Pledgee may exercise its rights to auction orsell the Pledged Equity Interest under this Agreement without first exercising any otherremedies for defaults.**Article 5 Costs and Expenses**5.1 All actual expenses related to the creation of the Equity Pledge under this Agreement,including but not limited to the stamp duty, any other taxes and all legal fees and etc.,shall be assumed by the Parties respectively.**Article 6 Continuity and No Waiver**6.1 The Equity Pledge created under this Agreement is a continuing assurance, which shall bevalid until the Contractual Obligations are fully performed or the Secured Liabilities arefully discharged. No waiver or grace period of any default of the Pledgors given by thePledgee, nor the Pledgee’s late exercise of any of its rights under the Transaction Documentsand this Agreement, shall affect the rights of the Pledgee under this Agreement, theTransaction Documents and the relevant PRC Law to require at any time thereafter the Pledgorsto strictly implement the Transaction Documents and this Agreement, or the rights the Pledgeeis entitled to with respect to the Pledgors’ subsequentbreach of the Transaction Documents and/or this Agreement.**Article 7 Pledgors’ Representations and Warranties**
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Each of the Pledgors respectively represents and warrants to the Pledgee as follows:7.1 The Pledgors are PRC citizens with full legal capacity, having full civil rights and powersto execute this Agreement and assume the legal obligations in accordance with this Agreement. 7.2 All the reports, documents and information related to the Pledgors and all the mattersrequired under this Agreement that the Pledgors provided to the Pledgee prior to theeffectiveness of this Agreement are true and accurate in all material respects as of theeffectiveness of this Agreement. 7.3 All the reports, documents and information related to the Pledgors and all the mattersrequired under this Agreement to be provided by the Pledgors to the Pledgee after theeffectiveness of this Agreement will be true and valid in all material respects uponprovision. 7.4 Upon the effectiveness of this Agreement, the Pledgors are the sole legal owners of thePledged Equity Interest. There is no then pending disputes on the ownership of the PledgedEquity Interest. Upon this Agreement taking effect, the Pledgors are entitled to dispose ofthe Pledged Equity Interest or any part thereof. 7.5 Upon this Agreement taking effect, except the security interest created over the PledgedEquity Interest under this Agreement and the rights created under the Transaction Documents,there are no other security interest or third party rights or any other encumbrance over thePledged Equity Interest. 7.6 After the Equity Interest Transfer takes effect, the Pledged Equity Interest can be legallypledged and transferred, and the Pledgors have full rights and powers to pledge the PledgedEquity Interest to the Pledgee in accordance with the provisions of this Agreement. 7.7 This Agreement, upon due execution by the Pledgors, constitutes the lawful, valid and bindingobligations of the Pledgors after this Agreement takes effect. 7.8 Upon this Agreement taking effect, any third party approvals, permits, waivers andauthorizations, any approvals, permits and waivers of any governmental authorities, or anyregistration or filing formalities with any government authorities (if legally required),which is required with respect to the execution and performance of this Agreement and theEquity Pledge under this Agreement, have been obtained or completed (subject to clause 2 of Article 2.2), and willbe fully effective during the valid term of this Agreement.7.9 Each Pledgor’s execution and performance of this Agreement does not violate
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**** or conflict withany laws applicable thereto, any agreement to which it is a party or by which its assets isbound, any court adjudication, any arbitration award or any decision of administrativeauthorities. 7.10 After this Agreement takes effect, the pledge under this Agreement constitutes the securityinterest over the Pledged Equity Interest with the first priority. 7.11 Upon this Agreement taking effect, unless otherwise provided by Equity Interest TransferAgreement, all taxes and expenses payable for obtainment of the Pledged Equity Interest havebeen paid by the Pledgors in full. 7.12 Upon this Agreement taking effect, there is no pending or, to the knowledge of the Pledgors,threatened lawsuit, legal proceeding or claim at any court or arbitration tribunal against thePledgors or their property or the Pledged Equity Interest, nor is there any pending or, to theknowledge of the Pledgors, threatened lawsuit, legal proceeding or claim at any governmentagency or administrative authority against the Pledgors or their property or the PledgedEquity Interest, which will have material or adverse effect on the financial conditions of thePledgors or their abilities to perform their obligations and security liabilities under thisAgreement. 7.13 The Pledgors hereby undertake to the Pledgee that the above representations and warrantieswill all be true and accurate and be fully complied with under any circumstance and at anytime before the Contractual Obligations are performed in full or the Secured Liabilities aredischarged in full.**Article 8 Company’s Representations and Warranties**The Company represents and warrants to the Pledgee as follows:8.1 The Company is a limited liability company duly registered and lawfully existing under thePRC Law with independent legal person status, having independent and full legal status andcapacity to execute, deliver and perform this Agreement, and can be an independent party to alawsuit. 8.2 All the reports, documents and information related to the Pledged Equity Interest and all thematters required under this Agreement which the Company provided to the Pledgee prior to theeffectiveness of this Agreement are true and accurate in all material respects as of theeffectiveness of this Agreement. 8.3 All the reports, documents and information related to the Pledged Equity Interest and all thematters required under this Agreement to be provided by the Company to the Pledgee after theeffectiveness of this Agreement will be true and valid in all material respects uponprovision.
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8.4 This Agreement, upon due execution by the Company, constitutes the lawful, valid and bindingobligations of the Company after it takes effect. 8.5 It has full internal corporate power and authorization to execute and deliver this Agreementand all other documents related to the transaction contemplated in this Agreement and to beexecuted by it. It has full power and authorization to complete the transaction contemplatedin this Agreement. 8.6 There is no pending or, to the knowledge of the Company, threatened lawsuit, legal proceedingor claim at any court or arbitration tribunal against the Pledged Equity Interest, the Companyor its property, nor is there any pending or, to the knowledge of the Company, threatenedlawsuit, legal proceeding or claim at any government agency or administrative authorityagainst the Pledged Equity Interest, the Company or its property, which will have material oradverse effect on the financial conditions of the Company or the Pledgors’ abilities toperform their obligations and security liabilities under this Agreement. 8.7 The Company hereby agrees to assume the joint and several liabilities to the Pledgee withrespect to the representations and warranties made by each of the Pledgors under Article 7.4,Article 7.5, Article 7.6, Article 7.8 and Article 7.10 of this Agreement. 8.8 The Company hereby undertakes to the Pledgee that the above representations and warrantieswill all be true and accurate and be fully complied with under any circumstance and at anytime before the Contractual Obligations are performed in full and the Secured Liabilities aredischarged in full.**Article 9 Pledgors’ Undertakings**Each Pledgor hereby respectively undertakes to the Pledgee as follows, after this Agreement takeseffect:9.1 Without the prior written consent of the Pledgee, the Pledgors shall not create, or allow tobe created, any new pledge or any other security interest over the Pledged Equity Interest.Any pledge or other security interest created over all or any part of the Pledged EquityInterest without the prior written consent of the Pledgee shall be invalid. 9.2 Without the prior written notice to and the prior written consent of the Pledgee, thePledgors shall not transfer the Pledged Equity Interest and all activities of the Pledgors totransfer the Pledged Equity Interest shall be invalid. The proceeds obtained from thePledgors’ transfer of the Pledged Equity Interest shall be used first to prepay the SecuredLiabilities to the Pledgee or to be 
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  deposited with a third party as agreed with the Pledgee.9.3 In the event of occurrence of any lawsuit, arbitration or other claim which may have adverseeffect on the interests of the Pledgors or the Pledgee under the Transaction Documents andthis Agreement or on the Pledged Equity Interest, the Pledgors undertake to notify the Pledgeein writing as soon as possible and in a timely manner, and, as reasonably required by thePledgee, to take all necessary measures to ensure the pledge interest of the Pledgee over thePledged Equity Interest. 9.4 The Pledgors undertake to complete the registration formalities to extend the business termof the Company three months before the expiration of the business term of the Company so as tocontinue the effect of this Agreement. 9.5 The Pledgors shall not take, or allow to be taken, any activity or action which may haveadverse effect on the Pledgee’s interest under the Transaction Documents and this Agreement oron the Pledged Equity Interest. The Pledgors waive the right of first refusal to purchase thePledged Equity Interest when the Pledgee realizes its pledge rights. 9.6 The Pledgors shall, after this Agreement takes effect, use their best efforts and take allnecessary measures to register the Equity Pledge under this Agreement with the relevantadministration of industry and commerce as soon as possible, and the Pledgors undertake to, asreasonably required by the Pledgee, take all necessary measures and execute all necessarydocuments (including but not limited to any agreement supplemental to this Agreement) toensure the pledge interest of the Pledgee over the Pledged Equity Interest and the exerciseand realization thereof. 9.7 If the exercise of the right of pledge under this Agreement results in the transfer of anyPledged Equity Interest, the Pledgors undertake to take all measures to complete suchtransfer. 9.8 The Pledgors shall ensure that the convening process, voting methods and resolutions of theshareholders meetings and board meetings of the Company convened for the purpose of theexercise of the right of pledge under this Agreement be not in conflict with the laws,administrative regulations or the articles of association of the Company.**Article 10 Company’s Undertakings**10.1 If any third party approval, permit, waiver or authorization, or any approval, permit orwaiver of any governmental authorities, or any registration or filing formalities with anygovernment authorities (if legally required) is required to 
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  be obtained or completed for theexecution and performance of this Agreement and for the Equity Pledge under this Agreement,the Company shall endeavor to assist in obtaining it and keeping it fully effective during thevalid term of this Agreement.10.2 Without the prior written consent of the Pledgee, the Company shall not assist in or allowthe Pledgors’ creation of any new pledge or other security interest over the Pledged EquityInterest. 10.3 Without the prior written consent of the Pledgee, the Company shall not assist in or allowthe Pledgors’ transfer of the Pledged Equity Interest. 10.4 In the event of occurrence of any lawsuit, arbitration or other claim which may have adverseeffect on the Company, the Pledged Equity Interest or the Pledgee’s interest under theTransaction Documents and this Agreement, the Company undertakes to notify the Pledgee inwriting as soon as possible and in a timely manner, and, as reasonably required by thePledgee, to take all necessary measures to ensure the pledge interest of the Pledgee over thePledged Equity Interest. 10.5 The Company undertakes to complete the registration formalities to extend its business termthree months before the expiration of its business term so as to continue the effect of thisAgreement. 10.6 The Company shall not take, or allow to be taken, any activity or action which may haveadverse effect on the Pledgee’s interest under the Transaction Documents and this Agreement oron the Pledged Equity Interest, including but not limited to any activity or action restrictedunder Article 9. 10.7 The Company shall, in the first month of each calendar quarter, provide the Pledgee with thefinancial statements of the Company for the immediately preceding calendar quarter, includingbut not limited to the balance sheet, the profit and loss statements and the cash flowstatements. 10.8 The Company undertakes to, as reasonably required by the Pledgee, take all necessary measuresand execute all necessary documents (including but not limited to any agreement supplementalto this Agreement) to ensure the pledge interest of the Pledgee over the Pledged EquityInterest and the exercise and realization thereof. 10.9 If the exercise of the right of pledge under this Agreement results in the transfer of anyPledged Equity Interest, the Company undertakes to take all measures to complete suchtransfer.
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**Article 11 Change of Circumstances**11.1 As supplement and not in conflict with the Transaction Documents and the other provisions ofthis Agreement, if at any time, due to the promulgation or change of any PRC Law, regulationsor rules, or the change of interpretation or application of such laws, regulations or rules,or the change of relevant registration procedures, the Pledgee believes that it is illegal orin conflict with such laws, regulations and rules to keep this Agreement effective, to keepthe right of pledge under this Agreement effective and/or to dispose of the Pledged EquityInterest in accordance with this Agreement, the Pledgors and the Company shall promptly takeany action and/or execute any agreement or other document upon written instruction by thePledgee and as reasonably required by the Pledgee, so as to: (1) keep this Agreement and the right of pledge under this Agreement effective;  (2) facilitate the disposal of the Pledged Equity Interest in accordance withthis Agreement; and/or  (3) keep or realize the security created or intended by this Agreement.**Article 12 Effectiveness and Term of this Agreement**12.1 This Agreement shall come into effect upon the satisfaction of all of the followingconditions: (1) this Agreement has been duly executed by the Parties;  (2) the Equity Interest Transfer takes effect, and the Call Option Agreement, theProxy Agreement and the Loan Agreement take effect;  (3) the Equity Pledge under this Agreement has been duly registered on theregister of shareholders of the Company.After this Agreement takes effect, the Pledgors shall provide the Pledgee with the evidenceof the registration of the Equity Pledge on the register of shareholders in form to thesatisfaction of the Pledgee, and shall, after the registration of the Equity Pledge iscompleted and as required by the Pledgee, provide the Pledgee with the pledge certificateissued by the administration ofindustry and commerce in form to the satisfaction of the Pledgee.12.2 The term of this Agreement shall end upon the full performance of the Contractual Obligationsor the full discharge of the Secured Liabilities.
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**Article 13 Notices**13.1 Any notice, request, demand and other correspondences required by this Agreement or made inaccordance with this Agreement shall be delivered in writing to the relevant Party. 13.2 If any of such notice or other correspondences is transmitted by facsimile or telex, it shallbe treated as delivered immediately upon transmission; if delivered in person, it shall betreated as delivered at the time of delivery; if posted by mail, it shall be treated asdelivered five (5) days after posting.**Article 14 Miscellaneous**14.1 The Pledgors and the Company agree that the Pledgee may, upon notice to the Pledgors and theCompany, assign the Pledgee’s rights and/or obligations hereunder to any third party. However,the Pledgors or the Company shall not, without the Pledgee’s prior written consent, assigntheir rights, obligations or liabilities hereunder to any third party. The successors orpermitted assignees (if any) of the Pledgors and the Company shall continue to perform therespective obligations of the Pledgors and the Company under this Agreement. 14.2 When the Pledgee exercises its right of pledge to the Pledged Equity Interest pursuant to theprovisions hereof, the amount of the Secured Liabilities determined by the Pledgee at its owndiscretion shall be regarded as the conclusive evidence of the Secured Liabilities hereunder. 14.3 This Agreement is written in Chinese and executed in five (5) originals, with one (1)original to be retained by each Party hereto. One (1) original is to be used for theapplication to the administration of industry and commerce in charge of the Company forregistration of the Equity Pledge under this Agreement. 14.4 The execution, effectiveness, performance, revision, interpretation and termination of thisAgreement shall be governed by the PRC Law. 14.5 Any dispute arising out of and in connection with this Agreement shall be resolved throughconsultations among the Parties. In case the Parties fail to reach agreement within thirty(30) days after the dispute arises, such dispute shall be submitted to China InternationalEconomic and Trade ArbitrationCommission Shanghai Commission for arbitration in Shanghai in accordance with suchCommission’s arbitration rules in effect at the time of applying for arbitration, and thearbitration award shall be final and binding on the Parties. 14.6 None of the rights, powers or remedies granted to any Party by any provision 
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  herein shallpreclude any other rights, powers or remedies available to such Party at law and under theother provisions of this Agreement. In addition, the exercising by one Party of any of itsrights, powers and remedies shall not exclude such Party from exercising any of its otherrights, powers and remedies.14.7 No failure or delay by a Party in exercising any rights, powers and remedies available to ithereunder or at law (the “**Available Rights**”) shall result in a waiver thereof, nor shall thewaiver of any single or partial exercise of the Available Rights shall exclude such Party fromexercising such rights in any other way and exercising the other Available Rights. 14.8 The headings of the provisions herein are for reference only, and in no event shall suchheadings be used for or affect the interpretation of the provisions hereof. 14.9 Each provision contained herein shall be severable and independent from each of the otherprovisions. If any one or more provisions herein become(s) invalid, illegal or unenforceableat any time, the validity, legality and enforceability of the remaining provisions hereinshall not be affected as a result thereof. 14.10 Any amendments or supplements to this Agreement shall be made in writing. Except forassignment by the Pledgee of its rights hereunder according to Article 14.1, the amendments orsupplements to this Agreement shall take effect only upon the due execution by the Parties tothis Agreement. If any amendments or supplements to this Agreement legally require anyapproval of and/or any registration or filing with any government authority, the Parties shallobtain such approval and/or complete such registration or filing in accordance with law. 14.11 This Agreement shall be binding on the legal successors of the Parties. 14.12 After this Agreement takes effect, upon a request of the Pledgee, each Pledgor shallrespectively sign a power of attorney in a form as set forth in Appendix 2 hereof (the “**Powerof Attorney**”) to authorize any person designated by the Pledgee to sign on the Pledgor’sbehalf according to this Agreement any and all legal documents necessary for the exercise ofthe Pledgee’s rights hereunder. Such Power of Attorney shall be delivered to the Pledgee tokeep in custody and, when necessary, the Pledgee may at any time submit the Power ofAttorney to the relevant government authority.[The remainder of this page intentionally left blank]
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**[EXECUTIONPAGE]****IN WITNESS WHEREOF**, this EQUITY PLEDGE AGREEMENT is executed by the following Parties on the datefirst written above.     **Xudong ZHU**       By: /s/ Xudong ZHU       **Jun LUO**       By: /s/ Jun ZHU       **Shanghai SINA Leju Information Technology Co., Ltd.**       (Seal)         By: /seal/        Name:         Title:         **Beijing Yisheng Leju Information Service Co., Ltd.**       (Seal)         By: /s/ Fei Cao /seal/        Name:         Title:    
 

 
**APPENDIX 1****COMPANY GENERAL INFORMATION**   Company Name: Beijing Yisheng Leju Information Service Co., Ltd.   Registered Address: Rooms 806-810, Ideal Plaza, 58 Bei Si Huan Xi Road,Haidian District, Beijing   Registered Capital: RMB1,000,000Shareholding Structure:       **Shareholder** **Contribution in** **Percentage of** **Method of****name** **registered capital** **contribution** **contribution**Xudong ZHU RMB800,000 80% Currency Jun LUO RMB200,000 20% Currency Total RMB1,000,000 100% /
 

 
**APPENDIX 2****FORM OF POWER OF ATTORNEY**I, [*], hereby irrevocably delegate [*] (identity card number: [*]) to act as my authorizedrepresentative to execute all legal documents necessary or useful for Shanghai SINA LejuInformation Technology Co., Ltd. to exercise its rights under the “Equity Pledge Agreementregarding Beijing Yisheng Leju Information Service Co., Ltd.” entered into by Beijing Yisheng LejuInformation Service Co., Ltd., it and me.Signature:Date: