Document:

Exhibit 4.61

 

[Note: Translation from
the original agreement in Chinese]

 

Execution Copy

 

Equity Interests Pledge Agreement 

 

This Equity Interests Pledge Agreement (the “Agreement”)
is entered into on the day of September 7, 2015 at Beijing by and between the following parties:

 

Pledgee: eLongNet Information Technology (Beijing)
Co., Ltd.

Address: 10 Jiuxianqiao Middle Road, Chaoyang District, Beijing

Legal Representative: Guangfu Cui

 

Pledgor: Hao Jiang

Address: Room 601, Building No. 63, No.
316, Gumeixi Road, Minhang District, Shanghai

ID No.:

 

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

 

WHEREAS,

 

		(1)	Beijing
Asiamedia Interactive Advertising Co., Ltd. (“Beijing Media”) is a limited liability company registered under the
laws of the People’s Republic of China (“China”). Beijing Media is qualified to engage in the advertising business;

 

		(2)	The
Pledgor has agreed that Pledgee is the exclusive provider of internet advertising consulting and technical services to Beijing
Media, and also licenses certain trademarks to Beijing Media;

 

		(3)	Pledgee
has provided Pledgor Hao Jiang a loan of RMB500,000; Beijing Media and the shareholders of Beijing Media have agreed that, without
the prior written consent of the Pledgee, Beijing Media will not conduct any business activities that may have a material adverse
effect on its capital, debt or rights;

 

		(4)	In
order to ensure (i) the repayment of loans by Pledgor; (ii) that Beijing Media performs its payment obligations for the internet
advertising consulting and technical services provided and software license provided by Pledgee; (iii) that Beijing Media performs
its obligations and accepts responsibilities to Pledgee under the relevant agreements (including but not limited to obligations
of Beijing Media or Pledgor to make all payments (including legal fees) and payment for any losses, interest, breach, expenses
for realization of creditor’s rights) as stated herein Pledgor is willing to pledge all of its equity interests in Beijing
Media (as defined below) to Pledgee as pledge security.

 

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

 

		1.	Definitions

 

Unless otherwise provided in this Agreement, the following terms
shall have the following meanings:

 

		1.6	Pledge:
means the full contents of Section 2 of this Agreement.

 

		1.7	Equity
Interest: means all equity interests in Beijing Media legally held by Pledgor.

 

		1.8	Pledge
Term: means the period provided for under Section 3.2 of this Agreement.

 

		1.9	Event
of Default: means any event in accordance with Section 7.1 of this Agreement.

 

		1.10	Notice
of Default means the notice of default issued by Pledgee in accordance with this Agreement.

 

     

     

    

 

		2.	Pledge

 

		2.1	The Pledgor agrees to pledge all its equity interests in Beijing Media (Hao Jiang holds 16.7% shareholding of Beijing Media
for paid-in capital of RMB500,000), including all rights, ownership and benefits to the Pledgee, and shall, as requested, transfer
or assign these rights, ownership and benefits as security, such that the Pledgee has priority secured interest with respect to:
all current or future rights, ownership, earnings, dividends and all other benefit, and all return of capital, all voting power
associated with the shareholding, and all notices or other matters relating to the shareholding (“Pledged Equity Interest”).

 

		2.2	During the Pledge Term, the Pledgee has the right to receive all dividends and other distributed profits relating to the equity
interest. During the Pledge Term, the Pledgor shall instruct the company not to distribute any dividends, profits or other distribution
plan; if Pledgor receives any dividends, profit distribution or other economic benefits from the equity interest, Pledgor shall,
in accordance with Pledgee’s instructions, transfer such proceeds to a designated account of Pledgee, and shall not move
such proceeds without the prior written consent of Pledgee. During the Pledge Term, if the Pledgor buys any newly issued capital
of the company (“New Equity”), the New Equity shall automatically become part of the Pledge under the terms of this
agreement.

  

		3.	Secured Obligation and Pledge Term

 

		3.1	Secured Obligation

 

 3.1.1 The Parties understand and confirm that the value of the secured obligation will fluctuate up to the settlement date. Accordingly, based on the reasonable appraisal of the Pledgor and Pledgee, both Pledgor and Pledgee confirm and agree, that prior to the settlement date, the maximum value of the secured obligation shall be RMB200 million(“Maximum Value”), i.e. Hao Jiang’s shareholding has a secured obligation of RMB200 million. Based on fluctuation in value, Pledgor and Pledgee can adjust the Maximum Value prior to the settlement date by entry, from time to time, into contract amendments.

 

 3.1.2  If any of the following events occur (“Settlement Cause”), the value of the secured obligation shall be determined as of the most recent prior date or the date of the occurrence.

 (a)    The termination or expiration of all or any other relevant agreements;

 (b)    Occurrence of, and failure to cure, an event of default under Section 7 of this Agreement, causing Pledgee to issue a notice of default under Section 7.3 to the relevant Pledgor;

 (c)    Pledgee, based on appropriate inquiry, reasonably believes that Pledgor and/or Beijing Media have lost the ability to make repayment, or may be unable to repay; and

 (d)    Other circumstances requiring determination of the value of the secured obligation under PRC law.

 

 3.1.3. For the avoidance of doubt, the date of occurrence of the Settlement Cause shall be the settlement date (the “Settlement Date”). Pledgor has the right, in accordance with Section 8, to exercise the Pledge on the settlement date or thereafter.

 

		3.2	Pledge Term

 

 3.2.1 After entry into this Agreement, the Parties shall register the Pledge with the SAIC of the site of incorporation of Beijing Media, and Pledgor shall provide a copy of the pledge registration and application with the SAIC to Pledgee within 7 days.

 

 3.2.2 The Pledge shall take effect as of the date when the equity interests under this Agreement are recorded with the SAIC, and shall terminate on the occurrence of either of the following two events: (i) the secured obligation has been fully repaid or settled through other means, or (ii) Pledgee achieves complete control over the secured obligation and exercises that control under the terms of this Agreement.

 

		4.	Physical Possession of Documents

 

		4.4	During the Pledge Term of this Agreement, the Pledgor shall deliver possession of the Certificate of Funding and the Shareholder
Register of Beijing Media to the Pledgee within one week from the date of entry into this Agreement.

 

		4.5	The Pledgee shall be entitled to receive all dividends from the equity interests.

 

		4.6	The pledge in this Agreement shall be record in the Shareholders’ Register of Beijing Media.

 

    - 2 - 

     

    

 

		5.	Declarations of Pledgor

 

 5.1   Pledgor is the legal owner of the equity interests, and has the right to use the equity interests as a security for Pledgee.

 

 5.2   Pledgor has not pledged or encumbered the equity interests to any person other than Pledgee.

 

 5.3   During the Pledge Term, once Pledgee exercises the Pledge in accordance with this Agreement, there shall be no legal objection or obstacle from any other party.

 

 5.4   Pledgee has the right, under applicable law and this Agreement, to exercise the Pledge.

 

 5.5   Pledgor has obtained all necessary consents and is fully authorized to enter into and perform the obligations of this Agreement; entry into this Agreement does violate any law or contravene other contracts or agreements.

 

 5.6   There is no pending civil, administrative or criminal litigation, administrative penalty or arbitration relating to the equity interests, and no such civil, administrative or criminal litigation, administrative penalty or arbitration will occur.

 

 5.7   There are no unpaid taxes, fees or unresolved legal procedures, processes, etc. relating to the equity interests.

 

 5.8.   This Agreement contains the authentic expression of the intent of the Parties, and is binding and enforceable.

 

		6.	Representations
and Warranties of Pledgor

 

		6.1	During
the effective term of this Agreement, in the interests of Pledgee, Pledgor covenants to Pledgee that Pledgor shall:

 

		6.1.1	Not
transfer or assign the equity interests, create or permit to create any pledges, which may have an adverse effect on the rights
or benefits of the Pledgee; unless the Parties have agreed otherwise.

 

		6.1.2	Comply
with and implement laws and regulations with respect to the pledge of rights, present to Pledgee the notices, orders or suggestions
with respect to the Pledge issued or made by the competent authority within five days upon receiving such notices, orders or suggestions
and comply with such notices, orders or suggestions, or object to the foregoing matters at the reasonable request of the Pledgee
or with consent from the Pledgee.

 

		6.1.3	Promptly
notify Pledgee of any events or any received notices which may affect or adversely influence the Pledgor’s equity interest
or any part of its right, and any events or any notices which may change any of Pledgor’s covenants and obligations under
this Agreement.

 

		6.2	Pledgor
agrees that the Pledgee’s right of exercising the Pledge obtained from this Agreement shall not be suspended or hampered
through legal procedure by the Pledgor or any successors of the Pledgor or any person authorized by the Pledgor or any other person.

 

		6.3	Pledgor
warrants to the Pledgee that in order to protect or perfect the security over the payment of the fees and performance of the obligations
under the relevant agreements, the Pledgor shall execute in good faith and cause other parties who have interests in the pledge
to execute all the title certificates, agreements, and or perform and cause other parties who have interests to take action as
required by the Pledgee and assist the exercise of the rights and authorization vested in the Pledgee under this Agreement.

 

		6.4	Pledgor
warrants to Pledgee that Pledgor shall execute all documents with respect to the changes of certificate of equity interests with
the Pledgee or the person (natural person/legal entity) designated by the Pledgee and, within a reasonable time, provide all notices,
orders and decisions regarded as necessary by the Pledgee.

 

    - 3 - 

     

    

 

		6.5	Pledgor
warrants to the Pledgee that the Pledgor will comply with and perform all guarantees, covenants, agreements, representations and
conditions for the benefits of the Pledgee. The Pledgor shall compensate all the losses suffered by the Pledgee for the reasons
that the Pledgor does not perform or fully perform their guarantees, covenants, agreements, representations and conditions.

 

		7.	Events of Default

 

		7.1	The
following events shall be deemed events of default:

  

		7.1.1	Beijing
Media fails to make full payment as required under the relevant terms and agreements, or fails to perform the other obligations
of the relevant agreements;

 

		7.1.2	The
Pledgor makes any material misleading or fraudulent representations or warranties under Section 5 herein, and/or the Pledgor is
in violation of any warranties under Section 6 herein;

 

		7.1.3	The
Pledgor violates any provisions of this Agreement;

 

		7.1.4	The
Pledgor waives the pledged equity interests or transfers or assigns the pledged equity interests without prior written consent
from the Pledgee;

 

	 	7.1.5	The Pledgor is unable to repay any general debt or other debts. Any external loan, security, compensation, covenants or any other compensation liabilities of the Pledgor is (1) required to be repaid or performed prior to the scheduled date; or is (2) due but cannot be repaid or performed as scheduled, and thereby causes Pledgee to deem that the Pledgor’s capacity to perform the obligations herein is affected;

 

	 	7.1.6	This Agreement is illegal due to the promulgation of the related laws which cause the Pledgor to be unable to continue to perform the obligations herein;

 

	 	7.1.7	Any approval, permit, license or authorization from the competent authority of the government needed to perform this Agreement or validate this Agreement is withdrawn, suspended, invalidated or materially amended;

 

	 	7.1.8	The property of the Pledgor is adversely changed and causes the Pledgee to deem that the capability of the Pledgor to perform the obligations herein is adversely affected;

 

	 	7.1.9	The successors or assignees of Beijing Media perform only a portion of, or refuse to perform the payment obligations under the terms of the relevant service agreements;

 

		7.1.10	Default caused by the action or inaction of Pledgor breaching
other Sections of this Agreement;

 

		7.1.11	In accordance with applicable law, other circumstances
whereby the Pledgee is incapable of exercising the right to dispose the Pledge in accordance with the related laws.

 

		7.2	Pledgor
shall immediately give a written notice to Pledgee if Pledgor is aware of or finds that any event under Section 7.1 herein or
any events that may result in the foregoing events have happened or may occur.

 

		7.3	Unless
the event of default under Section 7.1 herein has been resolved to the Pledgee’s satisfaction, the Pledgee, at any time
when the event of default happens or thereafter, may give a written notice of default to Pledgor and require Pledgor to immediately
make full payment of the overdue service and software license fees under the relevant agreements, enter into other agreement with
Beijing Media, or dispose of the Pledge in accordance with Section 8 herein.

 

    - 4 - 

     

    

 

		8.	Exercise of the Pledge

 

		8.5	Until
Beijing Media has fully complied with the payment and other obligations under the relevant agreements, Pledgor shall not transfer
or assign the equity interests without prior written approval from Pledgee, unless the Parties have agreed otherwise.

 

		8.6	Subject
to Section 7, the Pledgee may exercise the right to exercise the Pledge when the Pledgee gives a notice of default.

 

		8.7	The
Pledgee is entitled to have priority in receiving payment from the auction or sale of whole or part of the equity interests pledged
herein in accordance with legal procedure until the outstanding consulting and service fees and all other payables under the relevant
agreements are repaid.

 

		8.8	The
Pledgor shall not hinder the Pledgee from exercising the Pledge in accordance with this Agreement and shall give necessary assistance
so that the Pledgee could realize his Pledge.

 

		9.	Transfers

 

		9.5	The
Pledgor shall not grant or transfer his rights and obligations herein without prior consent from the Pledgee.

 

		9.6	This
Agreement shall be binding upon the Pledgor and his successors and be effective as to the Pledgee and each successor or assignee.

 

		9.7	The
Pledgee may transfer or assign his all or any rights and obligations under the relevant agreements to any individual (natural
person or legal entity) at any time. In this case, the assignee shall enjoy and undertake the same rights and obligations herein
of the Pledgee as if the assignee were a party hereto. When the Pledgee transfers or assigns the rights and obligations under
the Service Agreement, at the request of the Pledgee, the Pledgor shall execute the relevant agreements and/or documents with
respect to such transfer or assignment.

 

		9.8	After
the Pledgee’s change resulting from the transfer or assignment, the new parties to the pledge shall enter into a pledge
agreement.

 

		10.	Termination

 

		10.1	Under
the following circumstances, this Agreement terminates: satisfaction simultaneously of the following conditions (1) all service
fees from the relevant service agreements and software license fees are fully paid, (2) Pledgor has repaid all loans, (3) Beijing
Media has fully performed all obligations under the relevant agreements or the relevant agreements have been terminated, and (4)
Beijing Media does not have any obligations under the relevant agreements.

 

		10.2	Pledgee
has the right of early termination of this agreement. Except as set forth in Section 10.1, Pledgor may not terminate this agreement.

 

		11.	Fees and Other Charges

 

		11.1	The
Pledgor shall be responsible for all the fees and actual expenditures 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 the laws, the Pledgor shall fully indemnify such taxes paid by the Pledgee.

 

		11.2	The
Pledgor shall be responsible for all the fees (including but not limited to any taxes, formalities fees, management fees, litigation
fees, attorney’s fees, and various insurance premiums in connection with disposition of Pledge) incurred by the Pledgor
for the reason that the Pledgor fails to pay any payable taxes, fees or charges in accordance with this Agreement; or the Pledgee
has recourse to any foregoing taxes, charges or fees by any means for other reasons.

 

		12.	Force Majeure

 

		12.1	Force
majeure, which includes acts of governments, acts of nature, fire, explosion, typhoon, flood, earthquake, tide, lightning,
war, means any unforeseen events beyond the prevented party’s reasonable control and 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. The Pledge affected by force majeure shall notify the other party of exemption promptly;

 

    - 5 - 

     

    

 

		12.2	In
the event that the affected party is delayed in or prevented from performing its obligations under this Agreement by force
majeure, only within the scope of such delay or prevention, the affected party will not be responsible for any damage by reason
of such a failure or delay of performance. 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 the event of force majeure.
After the event of force majeure is removed, both parties agree to resume the performance of this Agreement with their
best efforts.

 

		13.	Dispute Resolution

 

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

 

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

 

		13.3	Arbitration
place shall be in Beijing.

 

		13.4	Arbitration
language shall be Chinese.

 

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

 

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

 

		13.7	Both
parties agree to conduct arbitration in accordance with this Section, and irrevocably waive the right to appeal, reexamine or
prosecute to national court or other judicial body in any form, subject to the effectiveness of this waiver. However the waiver
of both parties does not include any post-arbitration injunction, post-arbitration distress warrant or other command issued by
any court having jurisdiction (including PRC Court) for terminating the arbitration procedure or carrying out any arbitral award.

 

		14.	Notice

 

		14.1	Any
notice, which is given by the parties hereto for the purpose of performing the rights, duties and obligations hereunder, shall
be in writing form (including fax and telex). Where such notice is delivered personally, the time of notice is the time when such
notice actually reaches the addressee; 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 place is the address first written above of
the parties hereto or the address advised in writing including facsimile and telex from time to time.

 

		15.	Appendices

 

		15.1	The appendices to this Agreement constitute an integral
part of this Agreement.

 

		16.	Other

 

		16.1	This
agreement, replaces all prior agreements with respect to the subject matter hereof.

 

    - 6 - 

     

    

 

		16.2	The
Parties may enter into agreements to amend or supplement this Agreement; Pledgee has the right to unilaterally amend or supplement
this Agreement, and Pledgor shall cooperate and unconditionally sign any additional documents to reflect such amendment or supplement.

 

		16.3	The
term of this agreement is twenty (20) years, which shall be automatically extended for additional 20 year terms, and such extensions
may be without limit.

 

		16.4	This
Agreement is executed in Chinese in four copies, and each Party holds one copy and one copy shall be used for registration of
the Pledge with the Administration of Industry and Commerce, all copies shall have the same legal effect.

 

[No text hereunder]

  

    - 7 - 

     

    

 

[Signature page of Equity Interests Pledge
Agreement]

 

Pledgee: eLongNet Information Technology (Beijing) Co., Ltd.

 

	Signature of Authorized Representative:	/s/ Guangfu Cui

Official Seal:
/s/ [seal of eLongNet Information Technology (Beijing) Co., Ltd.]

 

	Pledgor:  	Hao Jiang	 
	Signature:	/s/ Hao Jiang	 

 

    - 8 -Exhibit 4.62

 

[Note: Translation from the original agreement
in Chinese]

Execution Copy

 

Seventh Amended and Restated Business
Operations Agreement 

 

This Seventh Amended and Restated Business Operations Agreement
(the “Agreement”) is entered into on September 7, 2015 (the “Effective Date”) among the following parties:

 

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

Address: 10 Jiuxianqiao Street, Chaoyang District Beijing

Legal Representative: Guangfu Cui

 

Party B: Beijing Asiamedia Interactive Advertising Co.,
Ltd.

Address: 2nd Floor, Xingke Plaza C, 10 Jiuxianqiao
Street, Chaoyang District Beijing

Legal Representative: Hao Jiang

 

Party C: Hao Jiang

Address: Room 601, Building No. 63, No. 316, Gumeixi
Road, Minhang District, Shanghai

ID No.:

 

WHEREAS: 

 

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

 

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

 

		(3)	Party A and Party B have established a business relationship by entering into the Advertising Technical Consulting and Services
Agreement on February 1, 2001 in Beijing, which was later amended and restated on August 22, 2003, July 20, 2004, June 11, 2010
and December 26, 2012;

 

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

 

		(5)	Party C is a shareholder of Party B, Party C holds 1.67% equity interest in Party B;

 

		(6)	Party A, Party B and Party C signed the Sixth Amended and Restated Business Operations Agreement on December 26, 2012 and signed
the Amendment to the Sixth Amended and Restated Business Operations Agreement on August 15, 2013.

 

		(7)	Pursuant to the Equity Interest Transfer Agreement entered into by Guangfu Cui and Party B on September 7, 2015; pursuant to
Succession Agreement entered into by Party A, Party B, Party C and Guangfu Cui on September 7, 2015, the 1.67% equity interest
in Beijing Media formerly held by Guangfu Cui, and all rights and obligations pertaining thereto, have been transferred to Party
B.

 

		(8)	In order to reflect Party C’s succession to former business operation agreement, Party A, Party B and Party C hereby
decide to amend and restate the former business operation agreement.

 

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

 

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

 

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

 

     

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

		3.5	Amending any significant internal bylaws of the company;

 

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

 

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

 

		3.8	Any form of dividend or profit distribution;

 

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

 

		4.	Appointment of Company Employees

 

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

 

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

 

     

     

    

 

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

 

		5.	Security for Working Capital

 

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

 

		6.	Termination

 

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

 

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

 

		7.	Indemnification

 

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

 

		8.	Dispute Settlement

 

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

 

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

 

		8.3	Arbitration place shall be in Beijing.

 

		8.4	Arbitration language shall be Chinese.

 

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

 

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

 

     

     

    

 

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

 

		9.	Effectiveness and Term of the Agreement

 

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

 

		10.	Other

 

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

 

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

 

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

 

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

 

		10.5	Party C covenants that, regardless of any changes in the percentage shareholding of Party C in Party B, the provisions of this
Agreement will continue to be binding on Party C, and applicable to its shareholding of Party B.

 

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

 

[No text hereunder]

 

     

     

    

 

[signature page to Business Operations Agreement]

 

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

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

 

Party B: Beijing Asiamedia Interactive Advertising Co.,
Ltd.

	Signature of Authorized Representative:	 	[seal of Beijing Asiamedia Interactive Advertising Co., Ltd.]
	 	 	/s/ Hao Jiang

 

	Party C: Hao Jiang	 	 
	Signature:	/s/ Hao Jiang

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}]]