Document:

Business Operations Agreement, dated August 11, 2004

 Exhibit 4.24 
  
 Business Operations Agreement 
  
 This Business Operations Agreement (“Agreement”) is executed by and among the following parties on the date of August 11 2004 (“Effective Date”):

  

			
	Party A:	  	Ceng Dong Yi (Beijing) Technology Company Limited
	Address:	  	Room 726, No.10 North Hongda Road, Beijing Economical and Technical Development Zone, Beijing
		
	Party B:	  	Beijing LingXun Interactive Science Technology and Development Co., Ltd
	Address:	  	No.6-1-704 Webbok House, Wei Gong Cun Street, Haidian District, Beijing
		
	Party C:	  	Du Ying Shuang
	Address:	  	No.A2, Bei Guan Ting, Bei Xiao Jie Huo Kou, Dongcheng District, Beijing
		
	Party D:	  	Sheng Yong
	Address:	  	No.6, Room 1, Yard 9, Dormitory of PRC Committee of Plan, Xi Cheng Geng Nan Jie, Xicheng District, Beijing

  
 WHEREAS: 
  

	1.	Party A is a wholly foreign-owned enterprise established in the People’s Republic of China (hereinafter abbreviated the “PRC”); 

  

	2.	Party B, a wholly domestic-invested company registered in the PRC, is licensed by Beijing Communications Administration Bureau to engage in the business of the Internet information
provision service; 

  

	3.	A business relationship has been established between Party A and Party B by executing an Exclusive Technical and Consulting Services Agreement (“Services
Agreement”); 

  

	4.	According to the Services Agreement, Party B shall make a payment to Party A which has not been made so far, so the daily operation of Party B will materially impact its capacity of
payment to Party A.; 

  

	5.	Party C, a shareholder of Party B, owns 51% of the equity in Party B; 

  

	6.	Party D, a shareholder of Party B, owns 49% of the equity in Party B; 

  

	7.	Party A, Party B, Party C and Party D herein agree to further confirm the relevant matters regarding the business operation of Party B. 

  
 WHEREAS, each party, through friendly negotiation, enter into the Agreement as follows:

  

	1.	In order to ensure the operation of Party B’s business, Party A hereby agrees to, as the guarantor, guarantee Party B’s performance of the contracts, agreements or
transactions executed by and 

  

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 between Party B and any third party regarding the operation of Party B’s business if Party B
satisfies the relevant terms under this Agreement. Party B hereby agrees to pledge to Party A its receivable accounts incurred from its business and all of its assets as a counter-guarantee. According to the guarantee set out above, Party A, as the
guarantor for Party B, shall respectively execute a written guarantee agreement with the counter party to relevant contract for the purpose of bearing the guarantee liability. 
  
 In order to assure the operation of Party B’s business, Party B shall borrow five (5) million RMB as an operating funds
loan. Party A hereby agrees to provide a guarantee for such loan if Party B satisfies the relevant terms under this Agreement. 
  

	2.	Whereas the provision of Article 1 hereof, and in order to ensure Party B’s performance of the business agreements between Party A and Party B and its payments to Party A,
Party B together with its shareholders, Party C and Party D, hereby jointly confirm and agree that Party B shall not conduct any transaction which may materially affect its assets, obligations, rights or the operation of the company, unless a prior
written consent from Party A or other affiliated companies to Party A has been obtained, including but not limited to the following contents: 

  

	 	2.1	To borrow money or incur any debt from any third party; 

  

	 	2.2	To sell to or acquire from any third party any assets or rights, including but not limited to any intellectual property rights; 

  

	 	2.3	To provide guarantee for any third party with its assets or intellectual property rights; 

  

	 	2.4	To assign rights and obligations under this Agreement herein to any third party. 

  

	3.	In order to ensure Party B’s performance of the business agreements between Party A and Party B and its payments to Party A, Party B together with its shareholders, Party C and
Party D, hereby jointly agree to accept the policies and instructions in respect of the recruitment and dismissal of employees, the daily business management and financial management, etc., provided by Party A from time to time.

  

	4.	Party B together with its shareholders, Party C and Party D, hereby jointly agree that Party B, Party C and Party D shall only appoint the personnel designated by Party A as the
director of Party B, and Party B shall engage the senior officers designated and engaged by Party A as Party B’s General Manager, Chief Financial Officer, and other senior officers. If any of the above directors or senior officers leave Party
A, whether by resignation or dismissal, he or she will lose the qualification to hold any position in Party B and therefore Party B, Party C and Party D shall engage other senior officers designated and engaged by Party A to assume such positions.

  

	5.	Party C and Party D hereby agree to execute Power of Attorney at the same time of execution of this Agreement according to which Party C and Party D shall authorize personnel
designated by Party A to fully exercise their voting rights of shareholders, which is stipulated in PRC laws and regulations and articles of association of the company on Party B’s shareholders’ meetings. 

  

	6.	Party B together with its shareholders, Party C and Party D, hereby jointly agree and confirm that except the provision of Article 1 hereof Party B shall firstly request Party A for
a guarantee if any 

  

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 guarantee for the performance of contracts or the operating funds loan is needed. In such event, Party A,
without obligation, has the right to provide proper guarantee for Party B in its sole discretion. However Party A shall give a written notice to Party B promptly if it decides not to provide guarantee, therefore Party B can request any third party
for such guarantee. 
  

	7.	In the event that any of the agreements between Party A and Party B terminates or expires, Party A shall be entitled without obligation to terminate all agreements between Party A
and Party B including but not limited to Exclusive Technical and Consulting Services Agreement. 

  

	8.	Any amendment and supplement of this Agreement shall be made in written. The amendment and supplement duly executed by each Party shall be part of this Agreement and shall have the
same legal effect as this Agreement. 

  

	9.	This Agreement shall be governed by and construed in accordance with the PRC law. 

  

	10.	Settlement of Disputes The parties shall strive to settle any dispute arising from the construction or performance of this Agreement through
friendly consultation. In case no settlement can be reached through consultation, each party can submit such dispute to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in accordance with the current
rules of CIETAC. The arbitration proceedings shall take place in Beijing and shall be conducted in Chinese. The arbitration award shall be final and binding upon all the parties. 

  

	11.	Notice Any notice that is given by the party/parties hereto for the purpose of performing the rights and obligations hereunder shall be in written form. Where such notice is
delivered personally, the actual delivery time is regarded as notice time; where such notice is transmitted by telex or facsimile, the notice time is the time when such notice is transmitted, if such notice does not reach the addressee on business
date or reaches the addressee after the business time, the next business day following such day is the date of notice. The delivery addresses of Parties are the addresses first set forth above or notified in written form from time to time. The
written form includes facsimile and telex. 

  

	12.	This Agreement shall be executed by a duly authorized representative of each party as of the Effective Date first written above and become effective simultaneously. The term of this
Agreement is ten years unless early termination occurs in accordance with the relevant provisions herein. This Agreement may be extended only if Party A gives its written consent prior to the expiration of this Agreement, and the extended term shall
be confirm by Party A in written. 

  

	13.	This Agreement shall expire on the date due unless this Agreement is extended in accordance with relevant terms under this Agreement. During the term of this Agreement, Party B,
Party C and Party D shall not early terminate this Agreement. Notwithstanding the above-mentioned, Party A may terminate this Agreement at any time with a written notice to Party B, Party C and Party D 30 days prior to such termination.

  
 IN WITNESS WHEREOF the parties hereto have caused this
Agreement to be duly executed on their behalf by a duly authorized representative as of the Effective Date first written above. 
  
  

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 Party A: Ceng Dong Yi (Beijing) Technology Company Limited 
  
 Authorized Representative: Xu Zhi Ming 
  
 Signature: 
  
 Seal: 
  
 Party B: Beijing LingXun Interactive
Science Technology and Development Company Limited 
  
 Authorized
Representative: Li Chuan Dong 
  
 Signature: 
  
 Seal: 
  
 Party C: Du Ying Shuang 
  
 Signature: 
  
 Party D: Sheng Yong 
  
 Signature:

  

 4 

 
Schedule to Exhibit 4.24 
  
 Pursuant to Rule 12b-31 under the Exchange Act of 1934, as amended, the following is a schedule of documents substantially identical in all material
respects except as to the parties thereto, the dates of execution, or other material details from the document filed as Exhibit 4.24. 
  
 Exhibit 4.24 Filed 
  

			
	Agreement:	  	Business Operations Agreement
	Date:	  	August 11, 2004
	Party A:	  	Ceng Dong Yi (Beijing) Technology Company Limited
	Party B:	  	Beijing LingXun Interactive Science Technology and Development Company
	Party C:	  	Du Ying Shuang
	Party D:	  	Sheng Yong

  
 Agreements Substantially Identical
to Exhibit 4.24 and Omitted 
  

			
	Agreement:	  	Business Operations Agreement
	Date:	  	September 26, 2003
	Party A:	  	Beijing Super Channel Network Limited
	Party B:	  	Beijing Lei Ting Wan Jun Network Technology Limited
	Party C:	  	Wang Xiu Ling
	Party D:	  	Wang Lei Lei
		
	Agreement:	  	Business Operations Agreement
	Date:	  	September 23, 2004
	Party A:	  	Beijing Super Channel Network Limited
	Party B:	  	Shenzhen Freenet Information Technology Limited
	Party C:	  	Du Ying Shuang
	Party D:	  	Sheng Yong
		
	Agreement:	  	Business Operations Agreement
	Date:	  	December 13, 2003
	Party A:	  	Puccini Network Technology (Beijing) Limited
	Party B:	  	Beijing Lei Ting Wu Ji Network Technology Limited
	Party C:	  	Fan Tai
	Party D:	  	Wang Lei Lei
		
	Agreement:	  	Business Operations Agreement
	Date:	  	November 19, 2004
	Party A:	  	Heng Dong Wei Xin (Beijing) Technology Company Limited
	Party B:	  	Startone (Beijing) Information Technology Company Limited
	Party C:	  	Liu Bing Hai
	Party D:	  	Pu Dong WanPower of Attorney, dated August 11, 2004

 Exhibit 4.25 
  
 Power of Attorney 
  
 I, Du Ying Shuang, a PRC citizen whose ID number is 11010119740914152X, hereby authorize the two persons appointed by Ceng Dong Yi (Beijing) Technology Company Limited
(“Ceng Dong Yi”) to exercise all the voting rights as a shareholder of Beijing Ling Xun Interactive Science Technology and Development Company Limited (“the Company”) by law and by articles of association in shareholders meeting
of the Company with all powers within the term of this Power of Attorney, including but not limited to, sale or transfer of all or part of the shares in the Company and assignment and appointment of the directors and general manager of the Company
as an authorized representative. 
  
 The above-mentioned authorization and
attorney are based on the approval by Ceng Dong Yi. Once Ceng Dong Yi gives a written notice of replacing its attorney, I shall forthwith recall the attorney and authorization herein and authorize other employees assigned by Ceng Dong Yi to exercise
all the voting rights owed by a shareholder of the Company in the shareholders meeting on my behalf. 
  
 The term of this Power of Attorney is 10 years from the execution date hereunder. 
  

	
	Authorized by Du Ying Shuang
	
	 Signature:

	
	Date: August 11, 2004

 Schedule to Exhibit 4.25 
  
 Pursuant to Rule 12b-31 under the Exchange Act of 1934, as amended, the following is a schedule of documents substantially
identical in all material respects except as to the parties thereto, the dates of execution, or other material details from the document filed as Exhibit 4.25. 
  

			
	 Exhibit 4.25 Filed

		
	Agreement:	  	Power of Attorney
	Date:	  	August 11, 2004
	Grantor:	  	Du Ying Shuang
	Grantee:	  	Two persons appointed by Ceng Dong Yi (Beijing) Technology Company Limited
	Terms:	  	Grantor authorizes Grantee the rights with respect to Grantor’s rights in Beijing LingXun Interactive Science Technology and Development Company Limited.
	
	Agreements Substantially Identical to Exhibit 4.25 and Omitted
		
	Agreement:	  	Power of Attorney
	Date:	  	September 26, 2003
	Grantor:	  	Wang Xiu Ling
	Grantee:	  	Wang Lei Lei
	Terms:	  	Grantor authorizes Grantee or such other individual employed and designated by Beijing Super Channel Network Technology Limited the rights with respect to Grantor’s rights in Beijing Lei
Ting Wan Jun Network Technology Limited
		
	Agreement:	  	Power of Attorney
	Date:	  	September 26, 2003
	Grantor:	  	Wang Lei Lei
	Grantee:	  	Hong Liang
	Terms:	  	Grantor authorizes Grantee rights or such other individual employed and designated by Beijing Super Channel Network Technology Limited the rights with respect to Grantor’s rights in
Beijing Lei Ting Wan Jun Network Technology Limited
		
	Agreement:	  	Power of Attorney
	Date:	  	September 26, 2003
	Grantor:	  	Sheng Yong
	Grantee:	  	Wang Lei Lei
	Terms:	  	Grantor authorizes Grantee or such other individual employed and designated by Beijing Super Channel Network Technology Limited the rights in regards to Grantor’s rights in Shenzhen
Freenet Information Network Technology Limited

			
	Agreement:	  	Power of Attorney
	Date:	  	November 19, 2003
	Grantor:	  	Wang Lei Lei
	Grantee:	  	Hong Liang
	Terms:	  	Grantor authorizes Grantee or such other individual employed and designated by Puccini Network Technology (Beijing) Limited the rights in regards to Grantor’s rights in Beijing Lei Ting
Wu Ji Network Technology Limited
		
	Agreement:	  	Power of Attorney
	Date:	  	August 11, 2004
	Grantor:	  	Sheng Yong
	Grantee:	  	Two persons appointed by Ceng Dong Yi (Beijing) Technology Company Limited
	Terms:	  	Grantor authorizes Grantee the rights with respect to Grantor’s rights in Beijing LingXun Interactive Science Technology and Development Company Limited.
		
	Agreement:	  	Power of Attorney
	Date:	  	November 19, 2004
	Grantor:	  	Liu Bing Hai
	Grantee:	  	Two persons appointed by Heng Dong Wei Xin (Beijing) Technology Company Limited
	Terms:	  	Grantor authorizes Grantee the rights with respect to Grantor’s rights in Startone (Beijing) Information Technology Company Limited.
		
	Agreement:	  	Power of Attorney
	Date:	  	November 19, 2004
	Grantor:	  	Pu Dong Wan
	Grantee:	  	Two persons appointed by Heng Dong Wei Xin (Beijing) Technology Company Limited
	Terms:	  	Grantor authorizes Grantee the rights with respect to Grantor’s rights in Startone (Beijing) Information Technology Company Limited.
		
	Agreement:	  	Power of Attorney
	Date:	  	September 23, 2004
	Grantor:	  	Du Ying Shuang
	Grantee:	  	Wang Lei Lei
	Terms:	  	Grantor authorizes Grantee or such other individual employed and designated by Beijing Super Channel Network Technology Limited the rights in regards to Grantor’s rights in Shenzhen
Freenet Information Network Technology Limited

			
	Agreement:	  	Power of Attorney
	Date:	  	December 13, 2004
	Grantor:	  	Fan Tai
	Grantee:	  	Hong Liang
	Terms:	  	Grantor authorizes Grantee or such other individual employed and designated by Puccini Network Technology (Beijing) Limited the rights in regards to Grantor’s rights in Beijing Lei Ting
Wu Ji Network Technology Limited

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