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China Unitech Group, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

MANAGEMENT AND CONSULTING

  SERVICES AGREEMENT 

          This
MANAGEMENT AND CONSULTING SERVICES AGREEMENT (“Agreement”) is
entered into as of June 11, 2010 (the “Effective Date”), by and
between the following (each a “Party” and together the
“Parties”): 

	 	(i) 	
      Party A: Shenzhen Jun Long Culture
      Communication Co., Ltd. (Party A), a limited liability company with its
      legal address at 1-D-1010 Yuanjing Garden, Longxiang Avenue, Longgang
      District, Shenzhen City, Guangdong, People’s Republic of China;
  and

	 	(ii) 	
      Party B: Shenzhen Zhonghefangda
      Network Technology Co., Ltd., a wholly foreign-owned enterprise organized
      under the laws of the People’s Republic of China, with its legal address
      at 1-D-1008 Yuanjing Garden, Longxiang Avenue, Longgang District, Shenzhen
      City, Guangdong, People’s Republic of China.

          Capitalized
terms not otherwise defined have the meanings assigned to them in Appendix
A to this Agreement, which is incorporated and made a part hereof by
reference. 

RECITALS

          This
Agreement is entered into with reference to the following facts:

          A.      Party
A is a limited liability company organized under the laws of the People’s
Republic of China. Party A is 100% owned by GUO Dishan, ZENG Jinzhou and WANG
Xiaofen (the “Shareholders”). Party A is engaged in internet café
chain store service; development of computer network hardware; distribution of
cultural items; calligraphy and painting artwork exhibition planning, art and
cultural activities planning, cultural and courtesy planning, starting
businesses; domestic commerce; advertising etc. in the People’s Republic of
China (together with any expansion, contraction or other change to the scope of
that business as contemplated by this Agreement, the “Business”).

          B.      Party
B is a wholly foreign-owned enterprise organized under the laws of the People’s
Republic of China. Party B is 100% owned by Classic Bond Development Limited, a
company organized under the laws of the British Virgin Islands. Party B has
executive and financial management experience and capability relevant to the
Business. 

          D.      Effective
as of June 11, 2010, Party B agreed to provide management and consulting
services to Party A, upon request, in connection with the operation of the
Business. The Parties now desire to memorialize the terms and conditions
pursuant to which those services have been and/or will be provided by Party B to
Party A, and pursuant to which Party A will compensate Party B therefor. 

          NOW,
THEREFORE, in consideration for the mutual covenants and promises contained
herein, and for other good and valuable consideration, the receipt and
sufficiency of which is acknowledged by the Parties, and through friendly
consultation under the principle of equality and mutual benefits, in accordance
with the relevant laws and regulations of the People’s Republic of China, the
Parties agree as follows: 

Execution Version

AGREEMENT

          1.      Management
and Consulting Services; Work Orders.

                         (a)      During
the Term of this Agreement, Party A may deliver one or more written work orders
(each a “Work Order”) to Party B requesting Party B to provide
management and/or consulting services (the “Services”) to Party A.
Unless otherwise agreed between the Parties, the Services described in each Work
Order must be within the scope of services described in Appendix B.

                         (b)     
Party B will provide the Services described in each Work Order directly and/or
through providing to Party A executive, technical, administrative and financial
management personnel in sufficient numbers and with expertise and experience
appropriate to provide the Services.

                         (c)      Party
A will take all commercially reasonable actions to permit and facilitate the
provision of the Services by Party B and accept those Services. Party B is
required to provide only those Services which are the subject of a Work Order.

          2.      Services
Fee. 

                         (a)      Aggregate
Services Fee. As compensation for providing the Services, Party B
will be entitled to receive an aggregate fee (the “Services Fee”),
upon demand but only upon demand, equal to up to one hundred percent (100%) of
the Aggregate Net Profit of Party A during the Term of this Agreement.

                         (b)      Calculation
and Payment of Services Fee. Promptly after receipt of each Work Order,
Party B will notify Party A in writing of the amount of the fee for such
Services, which amount will be due and payable within sixty (60) days after
written demand therefor. The aggregate fees charged by Party B for Services
performed pursuant to Work Orders may not exceed the Aggregate Net Profit of
Party A. 

                         (c)      Excess
Capacity Payment. The Parties acknowledge that Party B must retain
capacity at all times sufficient to provide Services in response to Work Orders
received from Party A. Such resources may or may not be otherwise employed
during the Term of this Agreement. The Parties therefore agree that
periodically, upon written demand from Party B, Party A will pay to Party B up
to the entire amount of Party A’s Aggregate Net Profit not previously earned
pursuant to a Work Order, in consideration for Party B’s maintenance of
resources adequate to respond to requests for Services from Party A. 

                         (d)      Disputes.
Any dispute between the Parties concerning any calculation or payment
under this Section 2 will be resolved pursuant to the dispute resolution
provisions of Section 19. 

          3.      Ad
Hoc Payment. The Parties acknowledge that in order to provide the
Services under this Agreement, Party B may incur expenses and costs from time to
time, and the Parties further agree that Party B from time to time may request
an ad hoc payment from Party A, and such payment may be credited against
Services Fees payable in the future. 

          4.      Obligation
to Reimburse Net Losses. In consideration for its right to receive
the Aggregate Net Profit of Party A as provided in Section 2, Party B
will reimburse to Party A the full amount of any Net Losses incurred by Party A
during the Term of this Agreement. Net Losses will be calculated annually and
paid by Party B to Party A no later than the last day of the first quarter
following the end of each calendar year, commencing on September 30 for calendar
year 2010. Any dispute between the Parties concerning any calculation or payment
under this Section 4 will be resolved pursuant to the dispute resolution
provisions of Section 19. 

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Execution Version

          5.      Advances
Against Net Losses . From time to time, in its sole discretion,
Party B may advance to Party A amounts to be credited against Party B’s future
obligations to reimburse Net Losses of Party A. Any such advances will be
treated as prepayments and not as loans. Party A will have no obligation to
repay any such advances except by crediting the amount thereof against Party B’s
obligation to reimburse Net Losses, or by adding the amount thereof to Net
Profit when and as requested by Party B.

          6.      Credit
for Amounts Paid Under Other Agreements. Party B and Party A are or
may be parties to certain other agreements (collectively, the “Business
Cooperation Agreements”), some or all of which may require certain
payments to be made by Party A to Party B in consideration for services,
equipment or other items of value provided by Party B to Party A. The Parties
agree that any and all such amounts may be (a) separately paid by Party A to
Party B and accordingly counted as expenses of Party A, reducing Party A’s Net
Profit; or (b) included in the aggregate Net Profit of Party A and not
separately paid to Party B.

          7.      Interest
Penalty. If any amounts due and payable under this Agreement are
not paid when due, interest will accumulate on such amounts at the rate of four
percent (4%) per annum until paid. This interest penalty may be reduced or
waived by the Party entitled to receive it in light of actual circumstances,
including the reason for any delay in payment. 

          8.      Guarantees.
To the extent and only to the extent permitted by applicable law, each Party
agrees to act as a guarantor of the indebtedness of the other, as and only as
follows: 

                         (a)      Party
A will not incur any indebtedness to any Person not a party to this Agreement
without the advance written consent of Party B. If Party A incurs any
indebtedness as contemplated by this Section 8(a), Party B will act as a
guarantor of that indebtedness. 

                         (b)      Party
B may, in the exercise of its reasonable business judgment, incur indebtedness
to any Person not a party to this Agreement, provided that any such
indebtedness may only be in connection with the Business. If Party B incurs any
indebtedness as contemplated by this Section 8(b), Party A will act as a
guarantor of that indebtedness. 

          9.      Exclusivity.
During the Term of this Agreement, (a) Party A will not contract
with any other Person to provide services which are the same or similar to the
Services, and (b) Party B will not provide services which are the same or
similar to the Services to any other Person. For purposes of this Section
9 only, “Person” does not include any Affiliate of either Party, including
other entities that may become affiliated with either Party. 

          10.      Operation
of Business. During the Term of this Agreement: 

                         (a)     Party
A will ensure that: 

	 	(i) 	
      the business of Party A, together with all business
      opportunities presented to or which become available to Party A, will be
      treated as part of the Business covered by the Services and this
      Agreement;

	 	 	 
	 	(ii) 	
      all cash of Party A will be maintained in Company Bank
      Accounts or disposed of in accordance with this Agreement;

	 	 	 
	 	(iii) 	
      all business income, working capital, recovered accounts
      receivable, and any other funds which come into the possession of Party A
      or are derived from or related to the operation of the business of Party
      A, are deposited into a Company Bank Account;

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Execution Version 

	 	(iv) 	
      all accounts payable, employee compensation and other
      employment-related expenses, and any payments in connection with the
      acquisition of any assets for the benefit of Party A or the satisfaction
      of any liabilities of Party A, are paid from amounts maintained in Company
      Bank Accounts;

	 	 	 
	 	(v) 	
      Party B or any third party designated by Party B will
      have full access to the financial records of Party A and from time to
      time, Party B may request, at its sole option, to conduct an auditing
      with regard to the financial status of Party A;

	 	 	 
	 	(vi) 	
      ensure that a majority of the members of its board of
      directors are also members of the board of directors of Party B;
  and

	 	 	 
	 	(vii) 	
      no action is taken without the prior written consent of
      Party B that that would have the effect of entrusting all or any part of
      the business of Party A to any other Person.

                         (b)      Party
B will ensure that: 

	 	(i) 	
      it exercises with respect to the conduct of the Business
      the same level of care it exercises with respect to the operation of its
      own business and will at all times act in accordance with its Reasonable
      Business Judgment, including taking no action which it knows, or in the
      exercise of its Reasonable Business Judgment should have known, would
      materially adversely affect the status of any of permits, licenses and
      approvals necessary for the conduct of the Business or constitute a
      violation of all Legal Requirements;

	 	 	 
	 	(ii) 	
      neither it, nor any of its agents or representatives,
      takes any action that interferes with, or has the effect of interfering
      with, the operation of the Business in accordance with this Agreement, or
      which materially adversely affects its assets, operations, business or
      prospects;

	 	 	 
	 	(iii) 	
      use its Best Efforts to cooperate and assist Party B and
      Party A to maintain in effect all permits, licenses and other
      authorizations and approvals necessary or appropriate to the conduct of
      the Business; and

	 	 	 
	 	(iv) 	
      use its Best Efforts to assist Party B and Party A to
      maintain positive and productive relations with relevant Governmental
      Authorities and their representatives.

	 	 	 
	 	(v) 	
      a majority of the members of its board of directors are
      also members of the board of directors of Party A; and

	 	 	 
	 	(vi) 	
      subject to the provisions of Section 13 relating
      to the Transition period, it will preserve intact the business and
      operations of Party A and take no action which it knows, or in the
      exercise of its Reasonable Business Judgment should have known, would
materially adversely affect the business, operations, or prospects of Party A. 

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Execution Version

          11.     
Material Actions. The Parties acknowledge and agree that the
economic risk of the operation of the Business is being substantially assumed by
Party B and that the continued business success of Party A is necessary to
permit the Parties to realize the benefits of this Agreement and the other
Business Cooperation Agreements, if any. During the Term of this Agreement, the
Parties therefore will ensure that Party A does not take any Material Action
without the advance written consent of Party B, which consent will not be
unreasonably withheld or delayed.

          12.      Right
of First Refusal. Party A will ensure as follows: if the
Shareholder proposes to Transfer to any other Person other than Party B (the
“Proposed Transferee”) all or any portion of the equity of Party A
held by the Shareholder (the “Selling Shareholder”), the Selling
Shareholder will first deliver to Party B a written notice (the
“Notice”) offering to Party B or its designee(s) all of the equity
proposed to be Transferred by the Shareholder, on terms and conditions no less
favorable to Party B than those offered to the Proposed Transferee. The Notice
will include all relevant terms of the Proposed Transfer, and will be
irrevocable for a period of thirty (30) calendar days after its receipt by Party
B. Party B will have the right and option, by written notice delivered within
thirty (30) calendar days after receipt of the Notice, to notify the Shareholder
in writing of its acceptance of all or any part of the equity so offered in the
Notice, at the purchase price and on the terms stated in the Notice. If Party B
accepts the offer contained in the Notice, then the equity of Party A proposed
to be Transferred will be Transferred to Party B at the purchase price and on
the terms stated in the Notice. If Party B is not able to accept the transferred
equity of Party A only due to the restrictions set forth by the then effective
PRC regulations, Party A shall not make the Proposed Transfer to any third party
without prior written approval from Party B.

          13.      Transition
of Business to Party B; Future Expansion. At the sole discretion of
Party B, during the Term of this Agreement, Party B may transfer or cause to be
transferred from Party A to Party B or its designee (referred to collectively
for purposes of this Section 13 as “Party B”) any part or
all of the business, personnel, assets and operations of Party A which may be
lawfully conducted, employed, owned or operated by Party B (the
“Transition”), including any of the following: 

                         (a)     
business opportunities presented to, or available to Party A may be pursued and
contracted for in the name of Party B rather than Party A, and at its discretion
Party B may employ the resources of Party A to secure such opportunities;

                         (b)     
any tangible or intangible property of Party A, any contractual rights, any
personnel, and any other items or things of value held by Party A may be
transferred to Party B at book value; 

                         (c)      real
property, personal or intangible property, personnel, services, equipment,
supplies and any other items useful for the conduct of the Business may be
obtained by Party B by acquisition, lease, license or otherwise, and made
available to Party A on terms to be determined by agreement between Party B and
Party A;

                         (d)     
contracts entered into in the name of Party A may be transferred to Party B, or
the work under such contracts may be subcontracted, in whole or in part, to
Party B, on terms to be determined by agreement between Party B and Party A; and

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Execution Version

                         (e)      any
changes to, or any expansion or contraction of, the Business may be carried out
in the exercise of the sole discretion of Party B, and in the name of and at the
expense of, Party B; 

provided, however, that none of the foregoing, and no
other part of the Transition may cause or have the effect of terminating
(without being substantially replaced under the name of Party B) or adversely
affecting any license, permit or regulatory status of Party A. Any of the
activity contemplated by this Section 13 will be deemed part of the
“Business.” 

          14.      Ownership
of Intellectual Property. All Intellectual Property created by
Party B in the course of providing the Services will be the sole property of
Party B and Party A will have no right to any ownership or use of such
Intellectual Property except under separate written agreement with Party B. 

          15.      Representations
and Warranties of Party A. Party A hereby makes the following
representations and warranties for the benefit of Party B:

                         (a)      Corporate
  Existence and Power. Party A is a limited liability company duly
  organized and validly existing under the laws of the PRC, and has all legal
  or corporate power and all governmental licenses, authorizations, consents and
  approvals required to carry on its business as now conducted and as currently
  contemplated to be conducted. Party A has never approved, or commenced any proceeding
  or made any election contemplating, the dissolution or liquidation of Party
  A or the winding up or cessation of the business or affairs of Party A. 

                         (b)      Authorization;
No Consent. Party A (i) has taken all necessary corporate and other
actions to authorize its execution, delivery and performance of this Agreement
and all related documents and has the corporate and other power and
authorization to execute, deliver and perform this Agreement and the other
related documents; (ii) has the absolute and unrestricted right, power,
authority, and capacity to execute and deliver this Agreement and the other
related documents and to perform its obligations under this Agreement and the
other related documents; (iii) is not required to give any notice to or obtain
any Consent from any Person in connection with the execution and delivery of
this Agreement or the consummation or performance of any of the transactions or
actions contemplated by any of the Business Cooperation Agreements, except for
any notices that have been duly given or Consents that have been duly obtained;
and (iv) holds all the governmental authorizations necessary to permit it to
lawfully conduct and operate its business in the manner it currently conducts
and operates such business and to permit Party A to own and use its assets in
the manner in which it currently owns and uses such assets. To the best
knowledge of Party A, there is no basis for any governmental authority to
withdraw, cancel or cease in any manner any of such governmental
authorizations.

                         (c)      No
Conflicts. The execution and perform of this Agreement by Party A
will not contravene, conflict with, or result in violation of (i) any provision
of the organizational documents of Party A; (ii) resolution adopted by the board
of directors or the equity holders of Party A; and (iii) any laws and
regulations to which Party A or the transactions and relationships contemplated
in this Agreement and the Business Cooperation Agreements are subject. 

          16.      Representations
and Warranties of Party B. Party B hereby makes the following
representations and warranties for the benefit of Party A:

                         (a)      Corporate
Existence and Power. Party B (i) is a limited liability company duly
organized and validly existing under the laws of PRC, and has all corporate
power and all governmental licenses, authorizations, consents and approvals
required to carry on its business as now conducted and as currently contemplated
to be conducted; and (ii) has not ever approved, or commenced any proceeding
or made any election contemplating, the dissolution or liquidation
of Party B or the winding up or cessation of the business or affairs of Party
B.

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Execution Version

                         (b)      Authorization;
No Consent. Party B (i) has taken all necessary corporate actions to
authorize its execution, delivery and performance of this Agreement and all
related documents and has the corporate power and authorization to execute,
deliver and perform this Agreement and the other related documents; (ii) has the
absolute and unrestricted right, power, authority, and capacity to execute and
deliver this Agreement and the other related documents and to perform its
obligations under this Agreement and the other related documents; (iii) is not
required to give any notice to or obtain any Consent from any Person in
connection with the execution and delivery of this Agreement or the consummation
or performance of any of the Business Cooperation Agreements, except for any
notices that have been duly given or Consents that have been duly obtained; and
(iv) has all the governmental authorizations necessary to permit Party B to
lawfully conduct and operate its business in the manner it currently conducts
and operates such business and to permit Party B to own and use its assets in
the manner in which it currently owns and uses such assets. To the best
knowledge of Party B, there is no basis for any governmental authority to
withdraw, cancel or cease in any manner any of such governmental
authorizations.

                         (c)      No
Conflicts. The execution and perform of this Agreement by Party B
will not contravene, conflict with, or result in violation of (i) any provision
of the organizational documents of Party B; (ii) any resolution adopted by the
board of directors or the equity holders of Party B; and (iii) any laws and
regulations to which Party B or the transactions and relationships contemplated
in this Agreement and the Business Cooperation Agreements are subject. 

          17.     
Liability for Breach; Indemnification and Hold
Harmless. Each of the Parties will be liable to the other Party for
any damage or loss caused by such Party’s breach of this Agreement. Party A will
indemnify and hold harmless Party B from and against any claims, losses or
damages unless caused by a breach by Party B of its obligations under this
Agreement or by the willful, reckless or illegal conduct of Party B. Party B
will indemnify and hold harmless Party A from and against any claims, losses or
damages caused by any breach by Party A of its obligations under this Agreement
or by the willful, reckless or illegal conduct of Party A. 

          18.      Liquidated
Damages. Party A acknowledges and agrees that Party B will be
incurring significant expense in order to fulfill its obligations under this
Agreement. Party A further acknowledges that breach of this Agreement by it
would cause Party B and Party B’s stockholders significant damages and perhaps
the complete cessation of Party B’s business. Since the exact amount of such
damages would be extremely difficult, if not impossible to calculate, Party A
agrees that in the event of the material breach by it of this Agreement, which
breach has not been cured within sixty (60) days of receipt of notice from Party
B of such material breach and a description of such breach, Party A will be
obligated to pay to Party B liquidated damages in an amount equal to the greater
of (a) eight (8) times the annualized revenues of Party B for the last completed
fiscal quarter, or (b) US$50 million. 

          19.     
Dispute Resolution.

                         (a)     
Friendly Consultations. Any and all disputes, controversies or
claims arising out of or relating to the interpretation or implementation of
this Agreement, or the breach hereof or relationships created hereby, will be
settled through friendly consultations.

                         (b)     
Arbitration. If any such dispute is not resolved through friendly
consultations within sixty (60) days from the date a Party gives the other
Parties written notice of a dispute, then it will be resolved exclusively by arbitration under the auspices of
and in accordance with the Arbitration Rules of China International Economic and
Trade Arbitration Commission (“CIETAC”) and will be submitted to
CIETAC Shanghai Branch. Any arbitration will be heard before three (3)
arbitrators, one (1) of whom will be appointed by Party B, one (1) of whom will
be appointed by Party A, and the remaining one (1) arbitrator (chairman of the
arbitration tribunal) will be appointed by the Director of CIETAC. Any
arbitration will be conducted in both the English and Chinese languages. The
arbitration award will be final and binding on both Parties and will not be
subject to any appeal, and the Parties agree to be bound thereby and to act
accordingly. 

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Execution Version

                              (c)      Continuation
of Agreement. It is not necessary for any Party to declare a
breach of this Agreement in order to proceed with the dispute resolution process
set out in this Section 19. Unless and until this Agreement is terminated
pursuant to Section 20, this Agreement will continue in effect during the
pendency of any discussions or arbitration under this Section 19. 

          20.      Term.
This Agreement is effective as of the date first set forth above,
and will continue in effect for a period of twenty (20) years (the
“Initial Term”), and for succeeding periods of the same duration
(each, “Subsequent Term”), until terminated by one of the
following means either during the Initial Term or thereafter. The period during
which this Agreement is effective is referred to as the
“Term.”

                         (a)      Mutual
Consent. This Agreement may be terminated at any time by the mutual
consent of the Parties, evidenced by an agreement in writing signed by both
Parties.

                         (b)      Termination
by Party B. This Agreement may be terminated by Party B ((i) upon
written notice delivered to Party A no later than ten (10) calendar days before
the expiration of the Initial Term or any Subsequent Term; or (ii) at any time
by upon ninety (90) calendar days’ written notice delivered to Party A. 

                         (c)     
Breach or Insolvency. Either of Party A or Party B may
terminate this Agreement immediately (a) upon the material breach by the other
of its obligations hereunder and the failure of such Party to cure such breach
within thirty (30) working days after written notice from the non-breaching
Party; or (b) upon the filing of a voluntary or involuntary petition in
bankruptcy by the other or of which the other is the subject, or the insolvency
of the other, or the commencement of any proceedings placing the other in
receivership, or of any assignment by the other for the benefit of creditors.

                         (d)      Consequences
of Termination. Upon any effective date of any termination of this
Agreement: (i) Party B will instruct all management personnel identified or
provided by it to Party A to cease working for Party A; (ii) Party B will
deliver to Party A all chops and seals of Party A; (iii) Party B will deliver to
Party A, or grant to Party A unrestricted access to and control of, all of the
financial and other books and records of Party A, including any and all permits,
licenses, certificates and other proprietary and operational documents and
instruments; (iv) Party B will cooperate fully in the replacement of any
signatories or persons authorized to act on behalf of Party A with persons
appointed by Party A; and (v) any licenses granted by Party B to Party A during
the Term will terminate unless otherwise agreed by the Parties. 

                         (e)     
Survival. The provisions of Section 17 (Indemnification;
Hold Harmless); Section 18 (Liquidated Damages), Section
19 (Dispute Resolution), Section 20(d) (Consequences of
Termination), and Section 21 (Miscellaneous) will survive any
termination of this Agreement. Any amounts owing from any Party to any other
Party on the effective date of any termination under the terms of this Agreement
will continue to be due and owing despite such termination. 

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Execution Version

          21.      Miscellaneous.

                         (a)      Headings
and Gender. The headings of Sections in this Agreement are
provided for convenience only and will not affect its construction or
interpretation. All references to “Section” or “Sections” refer to the
corresponding Section or Sections of this Agreement. All words used in this
Agreement will be construed to be of such gender or number as the circumstances
require. Unless otherwise expressly provided, the word “including” does not
limit the preceding words or terms. 

                         (b)      Usage.
The words “include” and “including” will be read to include “without
limitation.” 

                         (c)      Severability.
Whenever possible each provision and term of this Agreement will be
interpreted in a manner to be effective and valid but if any provision or term
of this Agreement is held to be prohibited by or invalid, then such provision or
term will be ineffective only to the extent of such prohibition or invalidity,
without invalidating or affecting in any manner whatsoever the remainder of such
provision or term or the remaining provisions or terms of this Agreement. If any
of the covenants set forth in this Agreement are held to be unreasonable,
arbitrary, or against public policy, such covenants will be considered divisible
with respect to scope, time and geographic area, and in such lesser scope, time
and geographic area, will be effective, binding and enforceable against the
Parties. 

                         (d)      Waiver.
No failure or delay by any Party to exercise any right, power or remedy
under this Agreement will operate as a waiver of any such right, power or
remedy. 

                         (e)     
Integration. This Agreement and the other Business Cooperation
Agreements supersede any and all prior discussions and agreements (written or
oral) between the Parties with respect to the exclusive cooperation arrangement
and other matters contained herein. 

                         (f)      Assignments,
Successors, and No Third-Party Rights. No Party may assign any of its
rights under this Agreement without the prior consent of the other Parties,
which will not be unreasonably withheld. Notwithstanding the foregoing, the
Parties understand that Party B is intending to set up a wholly foreign owned
enterprise (the “WFOE”) in China and it is the agreement between
the Parties that all the rights and obligations of Party B under this Agreement
and the Business Cooperation Agreement will be assigned to the WFOE at Party B’s
discretion. Subject to the preceding sentence, this Agreement will apply to, be
binding in all respects upon, and inure to the benefit of the successors and
permitted assigns of the Parties. Nothing expressed or referred to in this
Agreement will be construed to give any Person other than the Parties to this
Agreement any legal or equitable right, remedy, or claim under or with respect
to this Agreement or any provision of this Agreement. This Agreement and all of
its provisions and conditions are for the sole and exclusive benefit of the
Parties to this Agreement and their successors and assigns. 

                         (g)      Notices.
All notices, requests, demands, claims, and other communications under this
Agreement will be in writing. Any Party may send any notice, request, demand,
claim, or other communication under this Agreement to the intended recipient at
the address set forth on the signature page of this Agreement by any means
(including personal delivery, expedited courier, messenger service, telecopy,
telex, ordinary mail, or electronic mail), but no such notice, request, demand,
claim, or other communication will be deemed to have been duly given unless and
until it actually is received by the intended recipient. Refusal by a Party to
accept notice that is validly given under this Agreement will be deemed to have
been received by such Party upon receipt. Any Party may change the address to
which notices, requests, demands, claims, and other communications under this
Agreement are to be delivered by giving the other Parties notice in the manner
herein set forth. Any notice, request, demand, claim, or other communication under this Agreement will be addressed to
the intended recipient as set forth on the signature page hereto. 

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Execution Version

                         (h)      Further
Assurances. Each of the Parties will use its best efforts to take
all action and to do all things necessary, proper, or advisable in order to
consummate and make effective the transactions contemplated by this Agreement.

                         (i)      Governing
Law. This Agreement will be construed, and the rights and
obligations under this Agreement determined, in accordance with the laws of the
PRC, without regard to the principles of conflict of laws thereunder. 

                         (j)      Amendment.
This Agreement may not be amended, altered or modified except by a subsequent
written document signed by all Parties. 

                         (k)     
Language. This Agreement is written in both Chinese and English,
and both versions are equally authentic.

                         (l)      Counterparts.
This Agreement may be executed in any number of counterparts. When each
Party has signed and delivered to the other Party at least one such counterpart,
each of the counterparts will constitute one and the same instrument.

[Signature Page Follows]

10

Execution Version

          IN
WITNESS WHEREOF, the Parties hereto have executed this Services
Agreement as of the date first above written. 

	Party A: 	Party B: 
	  	  
	Shenzhen Jun Long Culture Communication Co., Ltd. 	Shenzhen Zhonghefangda Network Technology Co., Ltd. 
    
	  	  
	  	  
	By: /s/ Guo Dishan 	By: /s/ Guo Dishan 
	Its: Legal Representative 	
    Its: Legal Representative 

	 	  
	Address: 	Address: 
	  	  
	1-D-1010 Yuanjing Garden, Longxiang Avenue,	1-D-1008 Yuanjing Garden, Longxiang Avenue,
    
	Longgang District, Shenzhen City, Guangdong,	Longgang District, Shenzhen City,
      Guangdong,
	People’s Republic of China 	People’s Republic of China 

11

Execution Version

APPENDIX A

  Definitions 

For purposes of that certain Services Agreement to which this
is Appendix A, the following terms have the meanings set forth below:

“Affiliate” means, with respect to any Person,
any of (a) a director, officer or stockholder holding 5% or more of the equity
or capital stock (on a fully diluted basis) of such Person, (b) a spouse,
parent, sibling or descendant of such Person (or a spouse, parent, sibling or
descendant of any director or officer of such Person) and (c) any other Person
that, directly or indirectly through one or more intermediaries, controls, or is
controlled by, or is under common control with, another such Person. The term
“control” includes, without limitation, the possession, directly or indirectly,
of the power to direct the management and policies of a Person, whether through
the ownership of voting securities, by contract or otherwise.

“Aggregate Net Profit” means the aggregate Net
Profit of Party A for the period commencing on the Effective Date and continuing
through the date on which Aggregate Net Profit is calculated. 

“Best Efforts” means the efforts that a
prudent Person desiring to achieve a particular result would use in order to
ensure that such result is achieved as expeditiously as possible. 

“Business” is defined in the Recitals.

“Business Cooperation Agreements” means any other
agreements entered into between the Parties with respect to the operation of the
Business or the carrying out of the transactions contemplated by this
Agreement. 

“Company Bank Accounts” means all accounts
maintained or held in the name of Party A at or with any bank or other financial
institution, whether existing on the date of this Agreement or established in
the future. 

“Consent” means any approval, consent,
ratification, permission, waiver or authorization, including any of the
foregoing issued or granted by any Governmental Authority.

“Governmental Authority” means any nation or
government or any province or state any other political subdivision thereof; any
entity, authority or body exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government, including
any government authority, agency, department, board, commission or
instrumentality of the People’s Republic of China or any political subdivision
thereof; any court, tribunal or arbitrator; and any self-regulatory
organization. 

“Intellectual Property” means any patent, patent
application, trademark (whether registered or unregistered and whether or not
relating to a published work), trademark application, trade name, fictitious
business name, service mark (whether registered or unregistered), service mark
application, copyright (whether registered or unregistered), copyright
application, maskwork, maskwork application, trade secret, know-how, franchise,
system, computer software, invention, design, blueprint, proprietary product,
technology, proprietary right, and improvement on or to any of the foregoing, or
any other other intellectual property right or intangible asset. 

“Law” means all applicable provisions of all (a)
constitutions, treaties, statutes, laws (including the common law), codes,
rules, regulations, ordinances or orders of any Governmental Authority, (b)
governmental approvals and (c) orders, decisions, injunctions,
judgments, awards and decrees of or agreements with any Governmental Authority. 

12

Execution Version

“Legal Requirement” “means any national
(or federal), provincial, state, local, municipal, foreign or other
constitution, law, statute, legislation, constitution, principle of common law,
resolution, ordinance, code, edict, decree, proclamation, treaty, convention,
rule, regulation, ruling, directive, pronouncement, requirement, specification,
determination, decision, opinion or interpretation issued, enacted, adopted,
passed, approved, promulgated, made, implemented or otherwise put into effect by
or under the authority of any Governmental Authority. 

“Lien” means any mortgage, pledge, deed of trust,
hypothecation, right of others, claim, security interest, encumbrance, burden,
title defect, title retention agreement, lease, sublease, license, occupancy
agreement, easement, covenant, condition, encroachment, voting trust agreement,
interest, option, right of first offer, negotiation or refusal, proxy, lien,
charge or other restrictions or limitations of any nature whatsoever, including
but not limited to such Liens as may arise under any contract. 

“Services” is defined in Section 1. 

“Services Fee” is defined in Section
2.

“Material Action” means any of the actions set
forth in Appendix C. 

“Net Losses” means the net losses of Party A,
calculated as follows: if the result of the calculation of Net Profit is a
negative number, that number will be the “Net Losses” of Party A. 

“Net Profit” means the net profit of Party A for
the period immediately preceding the date for calculation of Net Profit set out
in this Agreement, calculated as follows: (a) Revenue, less (b) Costs, Accrued
Expenses, Taxes accrued or paid, and Fixed Revenue. In addition, the following
terms have the meanings set forth below, each with reference to the same period:

                         (a)      “Revenue”
means all the revenue or income actually accrued by Party A arising out of or
connected to the conduct of the Business;

                         (b)      “Costs”
means all costs required for the conduct of the Business actually accrued by
Party A;

                         (c)     
“Accrued Expenses” means the amount which must be accrued by Party
A according to applicable Legal Requirements in connection with employee health
and welfare, mandatory development funds, and the like;

                         (d)      “Taxes”
is defined in this Appendix A; and

                         (e)      “Fixed
Revenue” means the amount which must be paid by Party A to Sichuan
International Studies University. 

“Person” means an individual, a corporation, a
partnership, an association, a trust or other entity or organization, including
a government or political subdivision or an agency or instrumentality thereof.

“Reasonable Business Judgment” means a
judgment reached in good faith and in the exercise of reasonable care. 

13

Execution Version

“Shareholder” is defined in the Recitals.

“Taxes” means with respect to any Person, (a) all
income taxes (including any tax on or based upon net income, gross income,
income as specially defined, earnings, profits or selected items of income,
earnings or profits) and all gross receipts, sales, use, ad valorem, transfer,
franchise, license, withholding, payroll, employment, excise, severance, stamp,
occupation, premium, property or windfall profits taxes, alternative or add-on
minimum taxes, customs duties and other taxes, fees, assessments or charges of
any kind whatsoever, together with all interest and penalties, additions to tax
and other additional amounts imposed by any taxing authority (domestic or
foreign) on such Person (if any) and (b) any liability for the payment of any
amount of the type described in the clause (a) above as a result of being a
“transferee” of another entity or a member of an affiliated or combined group,
and “Tax” will have the correlative meaning. 

“Tax Return” means any return (including
any information return), report, statement, declaration, estimate, schedule,
notice, notification, form, election, certificate or other document or
information that is, has been or may in the future be filed with or submitted
to, or required to be filed with or submitted to, any Governmental Body in
connection with the determination, assessment, collection or payment of any Tax
or in connection with the administration, implementation or enforcement of or
compliance with any Legal Requirement relating to any Tax. 

“Term” is defined in Section 20.

“Transfer” means directly or indirectly, to sell,
assign, transfer, pledge, bequeath, hypothecate, mortgage, grant any proxy with
respect to, or in any other way encumber or otherwise dispose of. 

“Transition” is defined in Section
  13.

14

Execution Version

APPENDIX B

  Services 

For purposes of that certain Services Agreement to which this
is Appendix B, “Services” means the following: 

General Services

“Services” includes the following general Services relating to
the operation of the Business except for those compulsively limited or
prohibited by PRC laws and regulations otherwise: 

                         (a)      All
aspects of the day-to-day operations of Party A, including its relationships
with its customers, its performance under agreements or other arrangements with
any other parties, its compliance with applicable laws and regulations;

                         (b)      The
appointment, hiring, compensation (including any bonuses, non-monetary
compensation, fringe and other benefits, and equity-based compensation), firing
and discipline of all employees, consultants, agents and other representatives
of Party A, including the Executive Director or the Board of Directors of Party
A and all other executive officers or employees of Party A; 

                         (c)      Establishment,
maintenance, termination or elimination of any plan or other arrangement for the
benefit of any employees, consultants, agents, representatives or other
personnel of Party A; 

                         (d)      Management,
control and authority over all accounts receivable, accounts payable and all
funds and investments of Party A; 

                         (e)     
Management, control and authority over Party A Bank Accounts, in connection with
which all seals and signatures will be those of personnel appointed and
confirmed by Party B; 

                         (f)      Any
expenditure, including any capital expenditure, of Party A; 

                         (g)      The
entry into, amendment or modification, or termination of any contract, agreement
and/or other arrangement to which Party A is, was, or would become a party;

                         (h)      The
acquisition, lease or license by Party A of any assets, supplies, real or
personal property, or intellectual or other intangible property; 

                         (i)     
The acquisition of or entry into any joint venture or other arrangement by Party
A with any other Person; 

                         (j)      Any
borrowing or assumption by Party A of any liability or obligation of any nature,
or the subjection of any asset of Party A to any Lien; 

                         (k)      Any
sale, lease, license or other disposition of any asset owned, beneficially owned
or controlled by Party A; 

                         (l)      Applying
for, renewing, and taking any action to maintain in effect, any permits,
licenses or other authorizations and approvals necessary for the operation of
Party A’s business; 

15

Execution Version

                         (m)      The
commencement, prosecution or settlement by Party A of any litigation or other
dispute with any other Person, through mediation, arbitration, lawsuit or
appeal; 

                         (n)      The
declaration or payment of any dividend or other distribution of profits of Party
A; 

                         (o)      The
preparation and filing of all Tax Returns, the payment or settlement of any and
all Taxes, and the conduct of any proceedings with any Governmental Authority
with respect to any Taxes; and 

                         (p)      The
carrying out of the Transition, as defined in Section 13.

Specific Services

“Services” also includes the following specific services
relating to the operation of the Business:

	 	(a) 	
      Marketing and Public Relationship

	 	 	 	 
	 		
      Service Content: Party B will be in charge
      of, including but not limited to, engaging in publicizing Party A’s
      brand so as to broaden Party A’s influence; dealing the cooperation issues
      with the qualified third party for Party A’s interests.

	 	 	 	 
	 	(b) 	
      Establishment, Maintenance and Property Management of
      Fixed Assets and Equipments

	 	 	 	 
	 		
      Service Content: Party B provides the
      services of establishment, maintenance and management for buildings owned
      and/or used by Party A; establishment, repair, maintenance, operation and
      management for the public equipments, devices owned and/or used by Party
      A; Party A’s public environment sanitation, including buildings and
      public sites; management for traffic and order of vehicles stop;
      maintenance for the public order, including security monitor, patrol,
      guard, guard at gate; energy services (use of power, water and gas);
      maintenance for telecom and grib; storage and maintenance machineries,
      vehicles, furniture and other equipments; other property
  Services.

	 	 	 	 
	 		
      Special Agreement:

	 	 	 	 
	 		(1) 	
      Party B charges the customer directly for the services
      hereunder;

	 	 	 	 
	 		(2) 	
      The services management expenses will be charged to the
      customer solely and timely according to the actual expenses;

	 	 	 	 
	 		(3) 	
      For the services hereunder, Party A covenants, unless
      otherwise consented by Party B in writing, Party A will not cooperate or
      reach a cooperation agreement with any third party (whatever in writing
      or in oral).

16

Execution Version

	 	(c) 	
      Future Investment and Expansion

	 	 	
       

	 		
      Party A will consult Party B and seek its prior written
      permission concerning any and all of its future investment or expansion
      plan. In the case that the then effective PRC laws and regulations
      permit, any and all of such investment and expansion will be made
      directly through Party B.

	 	 	 
	 	(d) 	
      Others

17

Execution Version 

APPENDIX C 

Material Actions 

For purposes of that certain Services Agreement to which this
is Appendix C, “Material Actions” means any of the following: 

                         (a)     
Any change to the organic or charter documents of Party A;

                         (b)     
Any issuance of new equity in Party A, including any securities convertible into
equity of Party A, or the acceptance by Party A of any equity investment, or the
repurchase or redemption of any equity of Party A;

                         (c)      Any
hiring, firing, or discipline of any person who is an executive employee or
director of Party A; 

                         (d)     
The purchase of any material asset by Party A; 

                         (e)      The
sale, conveyance, licensing or pledge of a material asset of Party A, including,
without limitation, any material intellectual property of Party A;

                         (f)      Entering
into, amending, supplementing, terminating or otherwise modifying any agreement,
contract or other arrangement to which Party A is or could become a party,
having a value or impact on Party A, individually or in the aggregate, in excess
of RMB 100,000;

                         (g)     
Incurring any indebtedness or similar obligation to third parties or subjecting
of any of the equity or assets of Party A to any Lien;

                         (h)     
Investing in, incorporating or otherwise creating any affiliate or joint venture
or purchasing or otherwise acquiring any stock or any equity interest in any
entity or business, in one or a series of related transactions, or disposing of
any of the foregoing; 

                         (i)     
Any change to the compensation of any executive employee, consultant or other
representative of Party A; 

                         (j)      Any
transaction, action or agreement by any of Party A other than in the ordinary
course of business;

                         (k)     
Any transaction, contract or agreement between Party A and the Shareholder;

                         (l)      Declaring
or paying dividends on, or making any distributions to any capital stock, except
in accordance with the instruments defining the rights of any such capital stock
or securities; 

                         (m)     
The initiation or settlement of any litigation or arbitration involving Party
A;

                         (n)      Approving
the annual budget and multi-year business plan for Party A;

                         (o)      Approving
Party A’s final audits of Party A’s annual consolidated financial statements and
tax returns to be filed by Party A with any taxing authority; 

18 

Execution Version

                         (p)     
Any material change in Party A’s accounting or tax policies or a change of Party
A’s independent auditor; and 

                         (q)      Any
change in the number of directors of Party A, except as a result of the
operation of any other provisions of this Agreement. 

19China Unitech Group, Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

Exhibit 10.2  

EQUITY PLEDGE AGREEMENT 

This Equity Pledge Agreement (hereinafter this
“Agreement”) is dated June 11, 2010, and is entered into
in1-D-1008 Yuanjing Garden, Longxiang Avenue, Longgang District, Shenzhen City,
Guangdong, People’s Republic of China (“PRC” or
“China”) between and among Shenzhen Zhonghefangda Network
Technology Co., Ltd. (“Pledgee”), Shenzhen Jun Long Culture
Communication Co., Ltd. (the “Company”), and GUO Dishan, ZENG
Jinzhou and WANG Xiaofen, the shareholders of the Company (individually and
collectively, the “Pledgor”). 

RECITALS 

1.          
The Company is a company incorporated in the People’s Republic of and is in the
business of internet café chain store service; development of computer network
hardware; distribution of cultural items; calligraphy and painting artwork
exhibition planning, art and cultural activities planning, cultural and courtesy
planning, starting businesses; domestic commerce; advertising etc. (the
“Business”). 

2.          
The Pledgee is a limited liability company organized and existing under the laws
of PRC has expertise relevant to the Business. 

3.          
The individuals collectively referred to herein as the “Pledgor” together hold
100% of the outstanding equity interests of the Company. 

4.          
The Pledgee and the Company have executed a Management and Consulting Services
Agreement (the “Management Services Agreement”) concurrently
herewith, pursuant to which the Company shall pay consulting and service fees
(the “Management Services Fee”) to the Pledgee for various
management, technical, consulting and other services in connection with the
Business. 

5.          
In order to ensure that the Company will perform its obligations under the
Management Services Agreement, and in order to provide an additional mechanism
for the Pledgee to enforce its rights to collect the Management Services Fee
from the Company, the Pledgor agrees to pledge all her equity interests in the
Company as security for the performance of the obligations of the Company under
the Management Services Agreement, including payment of the Management Services
Fee. 

AGREEMENT 

NOW THEREFORE, the Pledgee, the Company and the Pledgor
through mutual negotiations hereby enter into this Agreement based upon the
following terms: 

1.          
Definitions and Interpretation. Unless otherwise provided in this
Agreement, the following terms shall have the following meanings: 

      
      
1.1          
“Pledge” refers to the full content of Section 2 hereunder. 

Execution Version 

             
1.2           “Equity
Interest” refers to all the equity interests in the Company legally held
by the Pledgor. 

             
1.3           “Term of
Pledge” refers to the period provided for under Section 3.2 hereunder.

             
1.4           “Event
of Default” refers to any event in accordance with Section 7.1
hereunder. 

             
1.5           “Notice of
Default” refers to the notice of default issued by the Pledgee in
accordance with this Agreement. 

2.           The
Pledge. The Pledgor hereby pledges the Equity Interest to the Pledgee as a
security for the obligations of the Company under the Management Services
Agreement (the “Pledge”). Pursuant thereto, the Pledgee shall have
priority in receiving payments from the evaluation or the proceeds from the
auction or sale of the Equity Interest. The Equity Interest shall hereinafter be
referred to as the “Pledged Collateral”. 

3.           Term
of Pledge. 

             
3.1           The Pledge
shall take effect as of the date when the Pledge is recorded in the Company’s
Register of Shareholders, and shall expire two (2) years from the Company’s
satisfaction of all its obligations under the Management Services Agreement (the
“Term”). 

             
3.2           During the
Term, the Pledgee shall be entitled to vote, control, sell, or dispose of the
Pledged Collateral in accordance with this Agreement in the event that the
Company does not perform its obligations under the Management Services
Agreement, including without limitations thee failure to pay the Consulting
Service Fee. 

             
3.3           During the Term,
the Pledgee shall be entitled to collect any and all dividends declared or paid
in connection with the Pledged Collateral. 

4.           Pledge
Procedure and Registration. 

             
4.1           The Pledge
shall be recorded in the Company’s Register of Shareholders. The Pledgor shall,
within ten (10) days after the date of this Agreement, process the registration
procedures with the Administration for Industry and Commerce concerning the
Pledge. 

5.          
Representation and Warranties of Pledgor. 

             
5.1           The Pledgor
is the legal owner of the Pledged Collateral. 

             
5.2           Other than
to the Pledgee, the Pledgor has not pledged the Pledged Collateral to any other
party, and the Pledged Collateral is not encumbered to any other party. 

-2-

Execution Version 

6.          
Covenants of Pledgor. 

             
6.1           During the Term,
the Pledgor represents and warrants to the Pledgee for the Pledgee’s benefit
that the Pledgor shall: 

                              6.1.1     Not
transfer or assign the Pledged Collateral, nor create or permit to create any
pledge or encumbrance to the Pledged Collateral which may adversely affect the
rights and/or benefits of the Pledgee without the Pledgee’s prior written
consent. 

                              6.1.2     Comply
with the laws and regulations with respect to the Pledge; present to Pledgee any
notices, orders or advisements with respect to the Pledge that may be issued or
made by a competent PRC authority within five (5) days upon receiving such
notices, orders or advisements; comply with such notices, orders or advisements;
or object to the foregoing matters upon the reasonable request of the Pledgee or
with consent from the Pledgee. 

                              6.1.3     Timely
notify the Pledgee of any events which may affect the Pledged Collateral or the
Pledgor’s rights thereto, or which may change any of the Pledgor’s warranties or
affect the Pledgor’s performance of their obligations under this Agreement. 

             
6.2           The Pledgor
agrees that the Pledgee’s right to the Pledge pursuant to this Agreement shall
not be suspended or inhibited by any legal proceedings initiated by the Pledgor,
jointly or separately, or by any successor of or any person authorized by the
Pledgor. 

             
6.3           The Pledgor
represents and warrants to the Pledgee that in order to protect and perfect the
security for the payment of the Management Services Fee, the Pledgor shall
execute in good faith and cause other parties who have interests in the Pledged
Collateral to execute all the title certificates, contracts, and perform actions
and cause other parties who have interests to take action, as required by the
Pledgee. 

             
6.4           The Pledgor
represents and warrants to the Pledgee or its appointed representative (whether
a natural person or a legal entity) that they will execute all applicable and
required amendments in connection with the registration of the Pledge, and
within a reasonable amount of time upon request, provide the relevant notice,
order and decision regarding such registration to the Pledgee. 

             
6.5           The Pledgor
represents and warrants to the Pledgee that she will abide by and perform all
relevant guarantees, covenants, warranties, representations and conditions
necessary to insure the rights of the Pledgee under this Agreement. The Pledgor
shall compensate all the losses suffered by the Pledgee as a result of the
Pledgor’s failure to perform any such guarantees, covenants, warranties,
representations or conditions.

7.           Events
of Default. 

             
7.1           The occurrence
of any one of the following events shall be regarded as an “Event of
Default”: 

-3-

Execution Version 

                              7.1.1      This
Agreement is deemed illegal by a governing authority of the PRC, or the Pledgor
is incapable of continuing to perform the obligations herein due to any reason
except force majeure; 

                              7.1.2     
The Company fails to timely pay the Management Services Fee in full as required
under the Management Services Agreement; 

                              7.1.3      A
Pledgor makes any materially false or misleading representations or warranties
under Section 5 herein, or breaches any warranties under Section 5 herein; 

                              7.1.4      A
Pledgor breaches the covenants under Section 6 herein; 

                              7.1.5      A
Pledgor breaches any terms and conditions of this Agreement; 

                              7.1.6      A
Pledgor transfers or assigns, cause to be transferred or assigned, or otherwise
abandons the Pledged Collateral without the prior written consent of the
Pledgee; 

                              7.1.7     
The Company is incapable of repaying debt; 

                              7.1.8      The
assets of a Pledgor are adversely affected so as to cause the Pledgee to believe
that such Pledgor’s ability to perform the obligations herein is adversely
affected; 

                              7.1.9      The
successors or agents of the Company refuse, or are only partly able, to perform
the payment obligations under the Management Services Agreement; 

             
7.2      A Pledgor shall immediately give a written
notice to the Pledgee if such Pledgor is aware of or discovers that any event
under Section 7.1 herein, or any event that may result in any one of the
foregoing events, has occurred or is likely to occur. 

             
7.3      Unless an Event of Default has been
resolved to the Pledgee’s satisfaction within 15 days of its occurrence (the
“Cure Period”), the Pledgee may, at any time thereafter, give a
written default notice (the “Default Notice”) to the Pledgor and
require the Pledgor to immediately make full payment of the then outstanding
Consulting Service Fee and any other outstanding payables in accordance with
Section 8 herein. 

8.           Exercise
of Remedies. 

             
8.1           Authorized
Action by Secured Party. The Pledgor hereby irrevocably appoints
Pledgee as the attorney-in-fact of the Pledgor for the purpose of carrying out
the security provisions of this Agreement and to take any action and execute any
instrument that the Pledgee may deem necessary or advisable to accomplish the
purpose of this Agreement. Such power of attorney shall be effective,
automatically and without the necessity of any action (including any transfer of
any Pledged Collateral) by any person, upon the occurrence an Event of Default.
Pledgee shall not have any duty to exercise any such right or to preserve the
same and shall not be liable for any failure to do so or for any delay in doing
so.

-4-

Execution Version 

                         If
an Event of Default occurs, or is already proceeding, Pledgee shall have the
right to exercise the following rights: 

                         (a)      Collect
by legal proceedings or otherwise, and endorse and/or receive all payments,
proceeds and other sums and property now or hereafter payable on or on account
of the Pledged Collateral; 

                         (b)     
Enter into any extension, reorganization, deposit, merger, consolidation or
other agreement pertaining to, or deposit, surrender, accept, hold or apply
other property in exchange for the Pledged Collateral; 

                         (c)     
Transfer the Pledged Collateral under the Pledgee’s name or under an appointed
nominee;

                         (d)      Make
any compromise or settlement, and take any action the Pledgee deems advisable,
with respect to the Pledged Collateral; 

                         (e)      Notify
any obligor with respect to the Pledged Collateral to make payment directly to
the Pledgee;

                         (f)      All
rights of the Pledgor that they would otherwise be entitled to enjoy or exercise
with respect to the Pledged Collateral, including without limitations the rights
to vote and to receive distributions, shall cease without any further action by
or notice, and all such rights shall thereupon become vested in the Pledgee; and

                         (g)      The
Pledgor shall execute and deliver to the Pledgee such other instruments as the
Pledgee may request in order to permit the Pledgee to exercise the rights set
forth herein. 

             
8.2           Other
Remedies. Upon the expiration of the Cure Period, the Pledgee, in addition
to the remedies set forth in Section 8.1 or such other rights in law, equity or
otherwise, may, without notice or demand on the Pledgor, elect any of the
following:

                         (a)      Require
the Pledgor to immediately pay all outstanding unpaid amounts due under the
Management Services Agreement; 

                         (b)      Foreclose
or otherwise enforce the Pledgee’s security interest to the Pledged Collateral
in any manner permitted by law or provided under this Agreement; 

                         (c)      Terminate
this Agreement pursuant to Section 11; 

                         (d)      Exercise
any and all rights as the beneficial and legal owner of the Pledged Collateral,
including, without limitation, the transfer and exercise of voting and any other
rights to the Pledged Collateral; and 

-5-

Execution Version 

                         (e)      Exercise
any and all rights and remedies of a secured party under applicable laws. 

             
8.3           The Pledgee has
priority in the receipt of payments from the proceeds of auction or sale of the
Pledged Collateral, in part or in whole, in accordance with legal procedures,
until all payment obligations under the Management Services Agreement are
satisfied. 

             
8.4           The Pledgor
shall not hinder the Pledgee from exercising its rights in accordance with this
Agreement and shall give necessary assistance so that the Pledgee may exercise
its rights in full. 

9.           Assignment.

             
9.1           The Pledgor
shall not assign or otherwise transfer the rights and obligations herein without
the Pledgee’s prior written consent.

             
9.2           This
Agreement shall be binding upon the Pledgor and her respective successors, and
shall be binding on the Pledgee and each of its successor and assignee. 

             
9.3           Upon the
transfer or assignment by the Pledgee of any or all of its rights and
obligations under the Management Services Agreement, the Pledgee’s transferee or
assignee shall enjoy and undertake the same rights and obligations as the
Pledgee under this Agreement. The Pledgor shall be notified of any such transfer
or assignment by written notice and at the request of the Pledgee, the Pledgor
shall execute such relevant agreements and/or documents with respect to such
transfer or assignment. 

             
9.4           In the event of
the Pledgee’s change in control resulting in the transfer or assignment of this
Agreement, the successor to the Pledgee and the Pledgor shall execute a new
equity pledge agreement. 

10.         Formalities,
Fees and Other Charges. 

             
10.1         The Pledgor shall be
responsible for all the fees and expenses in relation to this Agreement,
including, but not limited, to legal fees, cost of production, stamp tax and any
other taxes and charges. If the Pledgee pays the relevant taxes in accordance
with applicable law, the Pledgor shall fully reimburse the Pledgee of such
taxes.

             
10.2         The Pledgor shall be
responsible for all expenses (including, but not limited to, any taxes,
application fees, management fees, litigation costs, attorney’s fees, and
various insurance premiums in connection with the disposition of the Pledge)
incurred by the Pledgee in its recourse to collect from the Pledgor arising from
the Pledgor’s failure to pay any relevant taxes and fees.

-6-

Execution Version 

11.         Force
Majeure. 

             
11.1         “Force
Majeure” shall include, but not be limited, to acts of governments, acts
of nature, fire, explosion, typhoon, flood, earthquake, tide, lightning, war,
and any unforeseen events beyond a Party’s reasonable control or which cannot be
prevented with reasonable care. However, any shortage of credit, capital or
finance shall not be regarded as an event beyond a Party’s reasonable control. A
Party affected by Force Majeure shall promptly notify the other Parties
of such event in order to be exempted from such Party’s obligations under this
Agreement. 

             
11.2         In the event that the
affected Party is delayed or prevented from performing its obligations under
this Agreement due to Force Majeure, the affected Party shall not be
responsible for any damage caused by the delay or prevention of such
performance, as long as such damage is within the scope of such delay or
prevention. The affected Party shall take appropriate means to minimize or
remove the effects of Force Majeure and attempt to resume performance of
the obligations delayed or prevented by Force Majeure. When such Force
Majeure ceases to exist, both Parties covenant and agree to resume the
performance of this Agreement with their best efforts.

12.         Confidentiality.
The Parties hereby acknowledge and agree to ensure the confidentiality of all
oral and written materials exchanged relating to this Agreement. No Party shall
disclose any confidential information to any other third party without the other
Parties’ prior written approval, unless: (a) such information was in the public
domain at the time it was communicated (unless it entered the public domain
without the authorization of the disclosing Party); (b) the disclosure was in
response to the relevant laws, regulations, or stock exchange rules; or (c) the
disclosure was required by any of the Party’s legal counsel or financial
consultant for the purpose of the transaction underlying this Agreement.
However, such legal counsel and/or financial consultant shall also comply with
the confidentiality as stated hereof. The disclosure of confidential information
by employees or agents of the disclosing Party is deemed to be an act of the
disclosing Party, and such disclosing Party shall bear all liabilities for any
breach of confidentiality.

13.         Dispute
Resolution. 

             
13.1         This Agreement shall be
governed by and construed in accordance with the laws of the PRC. 

             
13.2         The Parties shall
strive to resolve any disputes arising from the interpretation or performance of
this Agreement through amicable negotiations. If a dispute cannot be settled,
any Party may submit such dispute to China International Economic and Trade
Arbitration Commission (“CIETAC”) for arbitration. The arbitration
shall abide by the rules of CIETAC, and the arbitration proceedings shall be
conducted in Beijing, China in English. The decision of CIETA shall be final and
binding upon the parties. 

14.        
Notices. Any notice given by the parties hereto for the purpose of
performing the rights and obligations hereunder shall be in writing. If such
notice is delivered by messenger, the time of receipt is the time when such
notice is received by the addressee; if such notice is transmitted by facsimile,
the time of receipt is the time when such notice is transmitted. If the notice
does not reach the addressee by the end of the business day, the
following business day shall be the date of receipt. The place of delivery is
the Party’s address as set forth in the signature pages hereto or the address
advised in writing including via facsimile. 

-7-

Execution Version 

15.         Entire
Contract. The Parties agree that this Agreement constitutes the entire
agreement of the Parties upon its effectiveness and supersedes all prior oral
and/or written agreements and understandings relating to this Agreement. 

16.         Severability.
If any provision or provisions of this Agreement shall be held by a proper
authority to be invalid, illegal, unenforceable or in conflict with the laws and
regulations of the PRC, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby.

17.         Appendices.
The appendices to this Agreement are incorporated into and are a part of this
Agreement. 

18.         Amendment
or Supplement. 

             
18.1         The Parties may amend this
Agreement in writing, provided that such amendment shall be duly executed and
signed by the Pledgee, the Company, and the Pledgor, and such amendment shall
thereupon become a part of this Agreement and shall have the same legal effect
as this Agreement.

             
18.2         This Agreement and any
amendments, modification, supplements, additions or changes hereto shall be in
writing and come into effect upon being executed and stamped by the parties
hereto. 

19.         Language
and Copies of the Agreement. This Agreement shall be executed in English in
four (4) original copies. Each Party shall receive one (1) original copy, all of
which shall be equally valid and enforceable.

[SIGNATURE PAGE FOLLOWS] 

-8-

Execution Version 

          IN
WITNESS WHEREOF this Agreement is duly executed by each Party or its legal
representative as of the date first set forth above.

	PLEDGEE: 	Shenzhen Zhonghefangda Network Technology Co.,
      Ltd. 
	  	  
	  	Legal/Authorized Representative: /s/ Guo Dishan
    
	  	Name: Guo Dishan 
	  	Title: Chief Executive Officer 
	  	  
	COMPANY: 	Shenzhen Jun Long Culture Communication Co.,
      Ltd. 
	  	  
	  	Legal/Authorized Representative: /s/ Guo Dishan
    
	  	Name: Guo Dishan 
	  	Title: Chief Executive Officer 

-9-

Execution Version 

PLEDGORS SIGNATURE PAGE 

PLEDGORS: 

 

/s/ Guo Dishan 

Name: GUO Dishan 

ID Card No.: 440301196405141912 

 

/s/ Zeng Jinzhou 

Name: ZENG Jinzhou 

ID Card No.: 362129197906264218 

 

/s/ Wang Xiaofen 

Name: WANG Xiaofen 

ID Card No.: 440307197506181529 

 

-10-

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