Document:

Change Of Control Severance Agreement - Steve Zhang Dated April 1, 2004

 Exhibit 10.11 
  
 CHANGE-OF-CONTROL 
 SEVERANCE
AGREEMENT 
  
 This Agreement, dated as of March 31, 2004, is
made and entered into by and between AsiaInfo Holdings, Inc., a corporation organized under the laws of the State of Delaware with its principal place of business at Zhongdian Information Tower, No. 6 Zhongguancun South Street, Beijing,
People’s Republic of China (the “Company”), and Steve Zhang, Senior Vice President and General Manager for CMCC Account of the Company (the “Executive”). 
  
 WHEREAS, the Company considers it essential to the best interests of its stockholders to foster the continuous employment of
key management personnel, and recognizes that, as is the case with many publicly held corporations, the possibility of a Change of Control (as defined below) may exist from time to time and that such possibility, and the uncertainty and questions
which it may raise among management, may result in the distraction or departure of management personnel to the detriment of the Company and its stockholders; and 
  
 WHEREAS, the Board of Directors of the Company has determined that appropriate steps should be taken to reinforce and
encourage the Executive’s continued attention and dedication to the Executive’s assigned duties without distraction in the face of potentially disturbing circumstances arising from the possibility of a Change of Control of the Company,
although no such change is presently known to be contemplated. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

  
 Section 1 
 DEFINITIONS 
  
 Except as may otherwise be specified or as the context may otherwise require, the following terms shall have the respective meanings set forth below
whenever used herein: 
  
 “Base Salary” shall mean the
annual base rate of regular compensation of the Executive immediately before a Change of Control, or if greater, the highest such rate at any time during the 12-month period immediately preceding the Change of Control. 
  
 “Board” shall mean the Board of Directors of the Company.

  
 “Business Combination” shall mean a merger,
consolidation, or sale of all or substantially all of the Company’s assets. 
  
 “Cause” shall mean (i) the willful and continued failure by the Executive substantially to perform his duties with the Employer (other than any such actual or anticipated failure after the issuance of a
Notice of Termination for Good Reason) or (ii) the willful engaging by the Executive in conduct which is demonstrably and materially injurious to the Employer, monetarily or otherwise. For purposes hereof, no act, or failure to act, on the
Executive’s part, shall be deemed “willful” unless done, or omitted to be done, by the Executive in the absence of good faith and without a reasonable belief that such act or omission was in the best interest of the Employer.

  
 “Change of Control” shall mean the first to occur,
after the date hereof, of any of the following: 
  
 (i) any
Person (excluding the Company, any employee benefit plan of the Company or a corporation controlled by the Company’s stockholders) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of securities of the Company (not including in the securities beneficially owned by such Person any securities acquired directly from the Company or its Subsidiaries) representing more than 45% of either the then outstanding shares of
Stock of the 

 
Company or the combined voting power of the Company’s then outstanding securities; 
  
 (ii) during any period of 12 consecutive months during the existence of this Agreement commencing on or after the date
hereof, the individuals who, at the beginning of such period, constitute the Board (the “Incumbent Directors”) cease to constitute at least a majority thereof because of a vote of the Company’s stockholders, provided that a director
who was not a director at the beginning of such 12-month period shall be deemed to have satisfied such 12-month requirement (and be an Incumbent Director) if such director was elected by, or on the recommendation of or with the approval of, at least
two-thirds of the directors who then qualified as Incumbent Directors either actually (because they were directors at the beginning of such 12-month period) or by prior operation of this clause (ii); 
  
 (iii) the consummation of a merger or consolidation of the Company with any
other corporation other than (A) a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity or any parent thereof) at least 60% of the combined voting power of the voting securities of the Company or such surviving entity or any parent thereof outstanding immediately after such
merger or consolidation, or (B) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the beneficial owner, as defined in clause (i), directly or indirectly, of
securities of the Company (not including in the securities beneficially owned by such Person any securities acquired directly from the Company or its Subsidiaries) representing 45% or more of either the then outstanding shares of Stock of the
Company or the combined voting power of the Company’s then outstanding securities; 
  
 (iv) the stockholders of the Company or the Board approve a plan of complete liquidation or dissolution of the Company; or 
  
 (v) there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than a
sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, at least 60% of the combined voting power of the voting securities of which are owned by Persons in substantially the same proportion as their
ownership of the Company immediately prior to such sale. 
  
 Upon the
occurrence of a Change of Control as provided above, no subsequent event or condition shall constitute a Change of Control for purposes of this Agreement, with the result that there can be no more than one Change of Control hereunder. 
  
 “Code” shall mean the United States Internal Revenue Code of 1986,
as amended. 
  
 “Company” shall mean, subject to Section
5.1(a), AsiaInfo Holdings, Inc., a corporation organized under the laws of the State of Delaware. 
  
 “Covered Termination” shall mean if, within the one-year period immediately following a Change of Control, the Executive (i) is terminated by
the Employer without Cause (other than on account of death or Disability), or (ii) terminates his employment with the Employer for Good Reason. The Executive shall not be deemed to have terminated his employment with the Employer for purposes of
this Agreement merely because he ceases to be employed by the Employer and becomes employed by a new employer involved in the Change of Control; provided that such new employer shall be bound by this Agreement as if it were the Employer hereunder
with respect to the Executive. It is expressly understood that no Covered Termination shall be deemed to have 

 
occurred merely because, upon the occurrence of a Change of Control, the Executive ceases to be employed by the Employer and does not become employed by a
successor to the Employer after the Change of Control if the successor makes an offer to employ the Executive on terms and conditions which, if imposed by the Employer, would not give the Executive a basis on which to terminate employment for Good
Reason. 
  
 “Date of Termination” shall mean the date on
which a Covered Termination occurs. 
  
 “Disability”
shall mean the occurrence after a Change of Control of the incapacity of the Executive due to physical or mental illness, whereby the Executive shall have been absent from the full-time performance of his duties with the Employer for six consecutive
months. 
  
 “Employer” shall mean the Company (if and
for so long as the Executive is employed thereby) and each Subsidiary which may now or hereafter employ the Executive or, where the context so requires, the Company and such Subsidiaries collectively. A subsidiary which ceases to be, directly or
indirectly, through one or more intermediaries, controlling, controlled by or under common control with the Company prior to a Change of Control (other than in connection with and as an integral part of a series of transactions resulting in a Change
of Control) shall, automatically and without any further action, cease to be (or be part of) the Employer for purposes hereof. 
  
 “Exchange Act” shall mean the United States Securities Exchange Act of 1934, as amended. 
  
 “Good Reason” shall mean, without the express written consent of
the Executive and except as a result of the Executive’s failure to satisfy applicable performance criteria, the occurrence after a Change of Control of any of the following circumstances, unless such circumstances are fully corrected prior to
the Date of Termination specified in the Notice of Termination given in respect thereof: 
  
 (i) assignment to the Executive of any duties inconsistent in any materially adverse or diminutive respect with his position, authority, duties or responsibilities from those in effect immediately prior to the Change
of Control; 
  
 (ii) a reduction in the Executive’s Base
Salary as in effect immediately before the Change of Control, except for a reduction that applies in equal proportion to all employees of the Company; 
  
 (iii) a material reduction in the Executive’s aggregate compensation opportunity, including (A) the Executive’s Base Salary, (B) bonus
opportunity, if any, and (C) long-term or other incentive compensation opportunity, if any (taking into account, in the case of such bonus and incentive opportunities, without limitation, any target, minimum and maximum amounts payable and the
attainability and reasonability of any performance hurdles, goals and other measures);  
  
 “Notice of Termination” shall mean a notice given by the Employer or Executive, as applicable, which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provisions so indicated. 
  

“Person” shall have the meaning ascribed thereto by Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d)
thereof (except that such term shall not include (i) the Company or any of its Subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Subsidiaries, (iii) an underwriter
temporarily holding securities pursuant to an offering of such securities, (iv) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportion as their ownership of stock of the Company, or (v)
such Executive or any “group” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) which includes the Executive. 

 “Stock” shall mean the common stock, $.01 par value per share, of the Company. 
  
 “Stock Options” shall mean options issued by the Company to
purchase Stock. 
  
 “Subsidiary” shall mean any entity,
directly or indirectly, through one or more intermediaries, controlled by the Company. 
  
 “Target Annual Bonus” shall mean the Executive’s annual bonus for the Employer’s fiscal year in which the Date of Termination occurs, which bonus would be paid or payable if the Executive and the
Employer were to satisfy all conditions to the Executive’s receiving the annual bonus at target (although not necessarily the maximum annual bonus); provided that such amount shall be annualized for any fiscal year consisting of less than 12
full months; and provided, further, that, if at the time of a Change of Control it is substantially certain that a bonus at a level beyond target will be paid or payable for the fiscal year, then the bonus which is substantially certain to be paid
or payable, rather than the target bonus, shall be used for these purposes. 
  
 Section 2 
 BENEFITS ACCRUING UPON A COVERED TERMINATION 
  
 2.1 If a Covered Termination occurs, then the Executive shall be entitled
hereunder to the following benefits, none of which shall be subject to tax equalization: 
  
 (a) any unpaid portion of the Executive’s Base Salary through the Date of Termination; 
  
 (b) the product of (i) the Executive’s Target Annual Bonus for the year in which the Date of Termination occurs (or, if higher, as in effect at the
time of the Change of Control) and (ii) a fraction, the numerator of which is the number of days that have elapsed in the current fiscal year through the Date of Termination, and the denominator of which is 365; 
  
 (c) an amount equal to the sum of (i) the Executive’s Base Salary for
the year in which the Date of Termination occurs (or, if higher, as in effect at the time of the Change of Control) and (ii) the Executive’s Target Annual Bonus for the year in which the Date of Termination occurs (or, if higher, as in effect
at the time of the Change of Control); 
  
 (d) immediate vesting
of 50% of any outstanding unvested Stock Options held by the Executive as of the Date of Termination; 
  
 (e) the right to exercise all vested Stock Options (including any Stock Options that become vested pursuant to the foregoing clause 2.1 (d)) for a period
of 18 months after the Date of Termination (notwithstanding anything to the contrary otherwise provided under the terms and conditions of such Stock Options); 
  

(f) for a period of one year after the Date of Termination, the Employer shall arrange to make available to the Executive medical benefits that are at
least at a level (and cost to the Company) that is substantially similar in the aggregate to the level of such benefits that was available to the Executive immediately prior to the Change of Control; provided that (i) the Employer shall not be
required to provide benefits under this Section 2.1(f) upon and after the Change of Control that are in excess of those provided to a majority of the executives of similar status who are employed by the Employer from time to time upon and after the
Change of Control, and (ii) no benefit otherwise to be made available to the Executive pursuant to this Section 2.1(f) shall be required to be made available to the extent that substantially equivalent benefits are made available to the Executive by
any subsequent employer of the Executive; and  
  
 (g) for
a period of six months after the Date of Termination, the Employer shall continue to provide the Executive with any housing entitlement (including any housing allowance and any contribution made by the Company towards any government or Company
housing scheme) he was entitled to as of the Date of Termination (or, if higher, as in effect at the time of the Change of Control). 

 2.2 (a) The cash payments provided for in Section 2.1(a), (b) and (c) (except as otherwise expressly
provided therein, as provided in Section 2.2(b) or as otherwise expressly provided hereunder) shall be made as soon as practicable, but in no event later than 30 days, following the Date of Termination in the form of either (i) a lump sum cash
payment or (ii) at the Executive’s request, monthly payments over no more than a 12 month period, by check or wire transfer of immediately available funds. 
  

(b) Notwithstanding any other provision of this Agreement to the contrary, no payment or benefit otherwise provided for under or by virtue of the
foregoing provisions of this Agreement shall be paid or otherwise made available unless and until the Employer shall have first received from the Executive (no later than 60 days after the Employer has provided to the Executive estimates relating to
the payments to be made under this Agreement) a valid, binding and irrevocable general release, in form and substance acceptable to the Employer in its discretion; provided that the Employer shall be permitted to defer any payment or benefit
otherwise provided for in this Agreement to the 15th day after its receipt of such release and time at which it has become valid, binding and irrevocable. The Employer may require that any such release contain an agreement of the Executive to notify
the Employer of any benefit made available by a subsequent employer as contemplated by clause (ii) of the proviso to Section 2.1(f). 
  
 2.3 For the avoidance of doubt, an Executive who is terminated for Cause shall not be entitled to any of the benefits and compensation provided for in
Section 2.1. 
  
 Section 3 
 BENEFITS ACCRUING UPON A CHANGE OF CONTROL 
  
 3.1 In the event of a Change of Control and regardless of whether or not a Covered Termination occurs, if the Change of Control is not effected by a
Business Combination whereby the successor corporation assumes all of the Executive’s outstanding Stock Options or replaces such Stock Options with options or similar incentives with a substantially equivalent economic value, the Executive
shall be entitled to immediate vesting of 50% of any outstanding unvested Stock Options held by the Executive as of the date of such Change of Control. Such newly vested Stock Options shall become exercisable on the date of such Change of Control
and shall remain exercisable thereafter in accordance with their respective terms. 
  
 Section 4 
 TAX PROVISIONS 
  
 4.1 If all, or any portion, of the payments and benefits (as determined by the Company) provided under this Agreement, if
any, either alone or together with other payments and benefits which the Executive receives or is entitled to receive from the Company or its affiliates, would constitute an excess “parachute payment” within the meaning of Section 280G of
the Code (whether or not under an existing plan, arrangement or other agreement) (each such parachute payment, a “Parachute Payment”), and would result in the imposition on the Executive of an excise tax under Section 4999 of the Code,
then such payments and benefits shall be subject to reduction by the Company if and to the extent necessary to prevent any part of such payments and benefits from constituting an excess “parachute payment”. 
  
 4.2 The Executive shall be responsible for any income taxes on all payments
or benefits provided for by this Agreement and the Company shall be entitled to withhold any amounts required by law. 
  
 Section 5 
 MISCELLANEOUS 
  
 5.1 (a) The Company shall require any successor entity in any Business
Combination expressly to assume and agree to perform the Company’s obligations under the terms of this Agreement in the same manner and to the same extent that the Company and its affiliates would be required to perform it if no such succession
had taken place (provided that such a requirement to perform which arises by operation of law shall be deemed to satisfy the requirements for such an express assumption and agreement), and in such event the Company (as constituted prior to such
succession) shall have no 

 
further obligation under or with respect to this Agreement. Failure of the Company to obtain such assumption and agreement with respect to the Executive
prior to the effectiveness of any such succession shall be a breach of the terms of this Agreement with respect to the Executive and shall entitle the Executive to compensation from the Employer (as constituted prior to such succession) in the same
amount and on the same terms as the Executive would be entitled to hereunder were the Executive’s employment terminated for Good Reason following a Change of Control, except that for purposes of implementing the foregoing, the date on which any
such succession becomes effective shall be deemed the Date of Termination. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business or assets as aforesaid which assumes and
agrees (or is otherwise required) to perform this Agreement. Nothing in this Section 5.1(a) shall be deemed to cause any event or condition which would otherwise constitute a Change of Control not to constitute a Change of Control. 
  
 (b) Notwithstanding Section 5.1(a), the Company shall remain liable to the
Executive upon a Covered Termination after a Change of Control if (i) the Executive is not offered continuing employment by a successor to the Employer or (ii) the Executive declines such an offer and the Executive’s resulting termination of
employment otherwise constitutes a Covered Termination hereunder. 
  
 (c) This Agreement, and the Executive’s and the Company’s rights and obligations hereunder may not be assigned by the Executive or, except as provided in Section 5.1(a), the Company, respectively; any purported assignment by the
Executive or the Company in violation hereof shall be null and void. 
  
 (d) The terms of this Agreement shall inure to the benefit of and be enforceable by the personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees of the Executive. If the Executive
shall die while an amount would still be payable to the Executive hereunder if he had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s
devisee, legatee or other designee or, if there is no such designee, the Executive’s estate. 
  
 5.2 Except as expressly provided in Section 2.1, the Executive shall not be required to mitigate damages or the amount of any payment provided for under
this Agreement by seeking other employment or otherwise, nor will any payments or benefits hereunder be subject to offset in the event the Executive does mitigate. 
  
 5.3 The Employer shall reimburse all legal fees and related expenses incurred by the Executive in seeking to obtain or
enforce any right or benefit provided by this Agreement. The Company shall make advances to the Executive with respect to such fees and expenses at the request of the Executive. Such payments are to be made within five days after the
Executive’s request for payment accompanied with such evidence of fees and expenses incurred as the Employer reasonably may require; provided that if the Executive institutes a proceeding and the judge or other decision-maker presiding over the
proceeding affirmatively finds that the Executive has failed to prevail substantially, the Executive shall pay his own costs and expenses (and, if applicable, return any amounts theretofore paid on the Executive’s behalf under this Section
5.3). 
  
 5.4 (a) The Executive may file a claim for benefits
under this Agreement by written communication to the Board. A claim is not considered filed until such communication is actually received by the Board. Within 90 days (or, if special circumstances require an extension of time for processing, 180
days, in which case notice of such special circumstances shall be provided within the initial 90-day period) after the filing of the claim, the Board shall: 
  
 (i) approve the claim and take appropriate steps for satisfaction of the claim; or 
  
 (ii) if the claim is wholly or partially denied, advise the Executive of such denial by furnishing to him or his a written
notice of such denial setting forth (A) the specific reason or 

 
reasons for the denial; (B) specific reference to pertinent provisions of this Agreement on which the denial is based and, if the denial is based in whole or
in part on any rule of construction or interpretation adopted by the Board, a reference to such rule, a copy of which shall be provided to the Executive; (C) a description of any additional material or information necessary for the Executive to
perfect the claim and an explanation of the reasons why such material or information is necessary; and (D) a reference to this Section 5.4. 
  
 5.5 For the purposes of this Agreement, notice and all other communications provided for in this Agreement shall be in writing and shall be deemed to have
been duly given when hand delivered or mailed by United States certified or registered express mail, return receipt requested, postage prepaid, if to the Executive, addressed to the Executive at his respective address on file with the Secretary of
the Company; if to the Company, addressed to AsiaInfo Holdings, Inc., Zhongdian Information Tower, No.6 Zhongguancun South Street, Beijing, People’s Republic of China, and directed to the attention of its Legal Department; if to the Board,
addressed to the Board of Directors, c/o AsiaInfo Holdings, Inc., Zhongdian Information Tower, No.6 Zhongguancun South Street, Beijing, People’s Republic of China, and directed to the Company’s Legal Department; or to such other address as
any party may have furnished to the others in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 
  
 5.6 Unless otherwise determined by the Employer in an applicable plan or arrangement, no amounts payable hereunder upon a Covered Termination shall be
deemed salary or compensation for the purpose of computing benefits under any employee benefit plan or other arrangement of the Employer for the benefit of its employees unless the Employer shall determine otherwise. 
  
 5.7 This Agreement is the exclusive arrangement with the Executive applicable
to payments and benefits in connection with a Change of Control of the Company (whether or not a Change of Control), and supersedes any prior arrangements involving the Company or its predecessors or affiliates relating to changes in control
(whether or not Changes in Control). This Agreement shall not limit any right of the Executive to receive any payments or benefits under an employee benefit or executive compensation plan of the Employer, initially adopted as of or after the date
hereof, which are expressly contingent thereunder upon the occurrence of a Change of Control (including, but not limited to, the acceleration of any rights or benefits thereunder). 
  
 5.8 Any payments hereunder shall be made out of the general assets of the Employer. The Executive shall have the status of
general unsecured creditor of the Employer, and this Agreement constitutes a mere promise by the Employer to make payments under this Agreement in the future as and to the extent provided herein. 
  
 5.9 Nothing in this Agreement shall confer on the Executive any right to
continue in the employ of the Employer or interfere in any way (other than by virtue of requiring payments or benefits as may expressly be provided herein) with the right of the Employer to terminate the Executive’s employment at any time.

  
 5.10 Any controversy or claim arising out of or relating to
this Agreement or the breach of this Agreement that is not resolved by the Employer and the Executive shall be submitted to arbitration in the Hong Kong Special Administrative Region or the City of Beijing in the People’s Republic of China, in
accordance with Delaware law and the procedures of UNCITRAL. The determination of the arbitrator(s) shall be conclusive and binding on the Employer and Executive and judgment may be entered on the arbitrator(s)’ award in any court having
jurisdiction. 
  
 5.11 This Agreement may be amended, superseded,
canceled, renewed or extended, and the terms hereof may be waived, only by a written instrument signed by the parties hereto or, in the case of a waiver, by the party waiving compliance. No delay on the part of any party in exercising any right,
power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party of any such right, power or 

 
privilege nor any single or partial exercise of any such right, power or privilege, preclude any other or further exercise thereof or the exercise of any
other such right, power or privilege. 
  
 5.12 This Agreement
shall become effective on the date first above written and shall have an initial term of two years (the “Initial Term”). Following the Initial Term, this Agreement shall remain in full force and effect unless and until terminated by the
Board upon six months’ prior written notice to the Executive delivered after the Initial Term.  
  
 5.13 The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this
Agreement which shall remain in full force and effect. 
  
 5.14
The use of captions in this Agreement is for convenience. The captions are not intended to and do not provide substantive rights. 
  
 5.15 THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF DELAWARE. 

 IN WITNESS WHEREOF, the parties hereto have signed their names, effective as of the date first above
written. 
  

					
	 ASIAINFO HOLDINGS, INC.

		
	 By:
	 	 /s/    XINGSHENG ZHANG

	 	 	 Name:
	 	 Xingsheng Zhang

	 	 	 Title:
	 	 President and Chief

	 	 	 	 	Executive Officer
	
	 /s/    STEVE ZHANG

	Steve ZhangMaster Executive Employment Agreement - Wang Chao Dated April 1, 2004

 Exhibit 10.12 
  
 MASTER EXECUTIVE EMPLOYMENT AGREEMENT 
  
 Dear Wang Chao: 
  
 This Master Executive Employment Agreement, dated as of April 1, 2004 (this “Agreement”), is made and entered into by and between you and AsiaInfo Holdings, Inc., a Delaware corporation (the
“Company”). For purposes of this Master Agreement, “Group” means the Company and any direct or indirect subsidiaries of the Company. 
  

	1.	 	Purpose of this Agreement and the Supplementary Agreements 

  

	1.1.	 	The purpose of this Agreement is to set forth certain principal terms and conditions that apply to all of the employment services you render to the Company and other members of the
Group, either directly or pursuant to secondments or similar arrangements. Your employment shall also be governed from time to time by certain additional written agreements entered into between you and the Company or other members of the Group
(hereinafter “Supplementary Agreements”), as well as the written policies of the Company and the Group. The term of your employment, along with your salary and benefits and the provisions relevant to the termination of your
employment by you or the Group are set forth in the Supplementary Agreements. Any of the Supplementary Agreements may be terminated, modified or amended from time to time in accordance with their respective terms. In the event of any conflict
between the terms of any such Supplementary Agreement and the terms hereof, the terms hereof shall govern. 

  

	1.2.	 	Currently, the Supplementary Agreements in effect between you and the Company are as follows: 

  

	 	(a)	 	the Labor Contract between AsiaInfo Technologies (China), Inc., a company organized under the laws of the People’s Republic of China (“AsiaInfo Technologies”)
and you (the “Labor Contract”); and 

  

	 	(b)	 	the Change of Control Agreement between you and the Company dated as of the date hereof. 

  

	2.	 	Confidential Information and Inventions 

  
 You agree to comply strictly with the confidentiality and invention assignment provisions attached to this Agreement as Appendix I. 
  

	3.	 	Non-Competition 

  

	3.1.	 	You acknowledge that: 

  

	 	(a)	 	you possess skills that are special, unique or extraordinary; 

  

	 	(b)	 	the level of compensation and the provisions in the Supplementary Agreements for compensation are partly in consideration of and conditioned upon your not competing with the Group;

  

	 	(c)	 	the provisions of this Clause 3 are essential to protect the business and goodwill of the Group. 

  

	3.2.	 	You agree that during your employment with the Group, and for a period of six (6) months thereafter (the “Covenant Period”) you will not render services for any
organization, or engage directly or indirectly in any other employment, business, or business related activity unless you receive the prior written approval of the Company’s Board of Directors (the “Board”) to hold such outside
employment or engage in such business or activity. Such written approval will not be unreasonably withheld if such outside employment, business or activity would not in any way be competitive with the business or proposed business of the Group or
otherwise conflict with or adversely affect in any way your performance of your employment obligations to the Group. 

  

	3.3.	 	 You agree that, during your employment, you shall devote substantially all your business efforts and time to the Group. You further agree that, 

	 	 
during your employment, you will not actively engage in any other employment, occupation or consulting activity for any direct or indirect remuneration
without the prior approval of the Board; provided, however, that you may: 

  

	 	(a)	 	serve in any capacity with any professional, community, industry, civic, educational or charitable organization; 

  

	 	(b)	 	serve as a member of corporate boards or directors on which you currently serve and, with the consent of the Board (which consent shall not be unreasonably withheld or delayed),
other corporate boards of directors; and 

  

	 	(c)	 	manage your personal investments and legal affairs so long as such activities do not materially interfere with the discharge of your duties to the Group. 

 

	3.4.	 	You agree that during your employment and the Covenant Period, except as provided below, you will not: 

  

	 	(a)	 	accept employment with or render services or advice to any organization, or engage, directly or indirectly in any business that competes with the business of the Group in any
province in the People’s Republic of China (the “PRC”) where the Group is physically located or in which it generates more than 5% of its China revenues, as well as all areas of Hong Kong, Macau and Taiwan;

  

	 	(b)	 	become an owner of any company which provides products or services that are competitive with those offered or planned by the Group, including, but not limited to, companies offering
system integration services or telecommunications infrastructure software products in the PRC, Hong Kong, Macau or Taiwan (the business activities referred to in this paragraph will hereinafter be referred to as the “Business”); or

  

	 	(c)	 	directly or indirectly disrupt, damage or interfere with the operation or business of the Group by soliciting, recruiting, diverting, taking away or otherwise interfering with any
customers or clients of the Group; or 

  

	 	(d)	 	directly or indirectly solicit or encourage any employee or consultant of the Group to terminate his or her employment or engagement, or to accept employment or an engagement with
any other company. 

  

	3.5.	 	Notwithstanding the foregoing, you may own, directly or indirectly, solely as an investment, up to, but not more than, one percent (1%) of any class of “publicly traded
securities” of any company engaged in the Business. The term “publicly traded securities” shall mean securities that are traded on an internationally-recognized securities exchange. 

  

	3.6.	 	If any restriction set forth in this Clause is found by a court or arbitrator to be unenforceable by reason of its extent, duration, geographical scope or for any other reason, then
you agree, and hereby submit, to the reduction and limitation of such prohibition to such extent, duration, geographical scope or other provision as shall be deemed enforceable. 

  

	3.7.	 	You acknowledge that irreparable harm will be suffered by the Company in the event of the breach by you of any of your obligations under this Agreement, and that the Company will be
entitled, by reason of such breach or any threatened breach, to enforce by an injunction or decree of specific performance the obligations set forth in this Agreement, in addition to the Company’s other rights. Any claims asserted by you
against the Company shall not constitute a defense in any injunction action brought by the Company to obtain specific enforcement. 

  

	4.	 	Arbitration 

  

	4.1.	 	 You agree that any dispute or controversy arising out of or in any way concerning this Agreement or your employment with the Company or any other member of the
Group, shall be submitted to a single arbitrator appointed by the Hong Kong International Arbitration Center. The 

	 	 
arbitration shall be conducted in Hong Kong in accordance with the then applicable arbitration rules of the United Nations Commission on International Trade
Law and the language used in the arbitral proceedings shall be English. The arbitration award shall be final, conclusive and binding on the parties to the arbitration. Judgement may be entered on the arbitration award in any court having
jurisdiction. The Company and you shall each pay one-half of the costs and expenses of such arbitration, and each party shall separately pay its counsel’s fees and expenses. Notwithstanding this arbitration clause, the parties may apply for
injunctive relief to any court with jurisdiction. 

  

	4.2.	 	You understand that each party’s promise to resolve claims by arbitration in accordance with the provisions of this Agreement, rather than through the courts, is consideration
for the other party’s like promise. 

  

	5.	 	Miscellaneous Provisions 

  
 This Agreement and the Supplemental Agreements represent the entire agreement among you, the Company and the other members of the Group relating to your
employment and the additional matters provided for herein and therein. This Agreement may be amended or altered only in a writing signed by you and the Company. 
  

This agreement shall be construed and interpreted in accordance with the laws of the State of Delaware. Each provision of this Agreement is severable
from the others, and if any provision hereof shall be to any extent unenforceable it and the other provisions shall continue to be enforceable to the full extent allowable, as if such offending provision had not been a part of this Agreement.

  
 Sincerely, 
  
 ASIAINFO HOLDINGS, INC. 

			
		
	 By:
	 	 /s/    XINGSHENG ZHANG

	 	 	

	 	 	 Name: Xingsheng Zhang

	 	 	 Title: President and Chief Executive Officer

  
 I agree to and accept the terms and
conditions of this Agreement. 
  

	
	
	 /s/    WANG CHAO

	

	 Wang Chao

 APPENDIX I 
 CONFIDENTIAL INFORMATION AND INVENTIONS 
  
 For purposes of this Appendix, the “Company” means AsiaInfo Holdings, Inc., a Delaware corporation, and the “Group” means the Company and any direct or indirect subsidiary of the
Company. 
  

	1.	 	Confidential Information. 

  
 (a) Company Information. I agree at all times during the term of my employment and thereafter, to hold in strictest confidence, and not to use,
except for the benefit of the Company or the benefit of the Group, or to disclose to any person, firm or corporation without written authorization of the Board of Directors of the Company, any Confidential Information (as hereafter defined). I
understand that “Confidential Information” means any proprietary information, technical data, trade secrets or know-how, including, but not limited to, research, product plans, products, services, customer lists and customers
(including, but not limited to, customers of the Company and/or any other member of the Group on whom I called or with whom I became acquainted during the term of my employment), partners, markets, software, developments, inventions, processes,
formulas, technology, designs, drawings, engineering, hardware configuration information, yield data, equipment modifications, pricing, marketing, finances or other business information of the Group disclosed to me by or obtained by me from the
Company and/or any other member of the Group either directly or indirectly in writing, orally or by drawings or observation of parts or equipment. I further understand that Confidential Information does not include any of the foregoing items which
has become publicly known and made generally available through no wrongful act of mine or of others who were under confidentiality obligations as to the item or items involved. 
  
 (b) Former Employer Information. I agree that I will not, during my employment with the Company, improperly use or
disclose any proprietary information or trade secrets of any former or concurrent employer or other person or entity and that I will not bring onto the premises of the Company and/or any other member of the Group any unpublished document or
proprietary information belonging to any such employer, person or entity unless consented to in writing by such employer, person or entity. I agree to indemnify the Company and/or any other member of the Group and hold it or them harmless from all
claims, liabilities, damages and expenses, including reasonable attorneys fees and costs of litigation, arising out of or in connection with any violation or claimed violation of a third party’s rights resulting from any use by the Company
and/or any other member of the Group of such proprietary information or trade secrets improperly used or disclosed by me. 
  
 (c) Third Party Information. I recognize that the Company and other members of the Group have received and in the future will receive from third
parties their confidential or proprietary information subject to a duty on the Company’s part or the part of other members of the Group to maintain the confidentiality of such information and to use it only for certain limited purposes. I agree
to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out my work for the Company consistent with the
Company’s agreement with such third party. 
  

	2.	 	Inventions. 

  
 (a) Assignment of Inventions. I agree that I will promptly make full written disclosure to the Company, will hold in trust for the sole right and
benefit of the Company, and hereby assign to the Company, or its designee, all my right, title, and interest in and to any and all inventions, original works of authorship, developments, concepts, improvements, designs, discoveries, ideas,
trademarks or trade secrets, processes, copyright works, know-how, any other work’s information or matter which gives rise or may give rise to any intellectual property of whatsoever nature, whether or not patentable or registrable under any
law of any country, which I may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the period of time I am in the employ of the Company (collectively referred to as
“Inventions”), except as provided in Section 2(e) below. I acknowledge that the Company, or its designee, has the absolute title, right 

 
or interest in and to any and all original inventions or works of authorship which are made by me, as an employee, (solely or jointly with others) within the
scope of and during the period of my employment with the Company. I understand and agree that the decision whether or not to commercialize or market any invention developed by me solely or jointly with others is within the Company’ sole
discretion and for the sole benefit of the Company and/or any other member of the Group, and that no royalty will be due to me as a result of the Company’s efforts (or the efforts of any member of the Group) to commercialize or market any such
Invention. 
  
 (b) Maintenance of Records. I agree to keep
and maintain adequate and current written records of all Inventions made by me (solely or jointly with others) during the term of my employment with the Company. The records will be in the form of notes, sketches, drawings, and any other format that
may be specified by the Company. The records will be available to and remain the sole property of the Company at all times. 
  
 (c) Patent and Copyright Registrations. I agree to assist the Company, or its designee, at the Company’s expense, in every proper way to
secure the Company’s (or its designee’s) rights in the Inventions and any copyrights, patents, mask work rights or other intellectual property rights relating thereto in any and all countries, including the disclosure to the Company of all
pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments and all other instruments which the Company shall deem necessary in order to apply for and obtain such rights and in order to
assign and convey to the Company, its successors, assigns, and nominees the sole and exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating
thereto. I further agree that my obligation to execute or cause to be executed, when it is in my power to do so, any such instrument or papers shall continue after the termination of my employment with the Group for any reason. If the Company or its
designee is unable because of my mental or physical incapacity or for any other reason to secure my signature to apply for or to pursue any application for any United States or foreign patents or copyright registrations covering Inventions or
original works of authorship assigned to the Company as above, then I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute
and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by me. 
  

	3.	 	Returning Company Documents. 

  
 I agree that, at the time of leaving the employ of the Company, I will deliver to the Company (and will not keep in my possession, recreate or deliver to
anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings blueprints, sketches, materials, equipment, other documents or property, or reproductions of any aforementioned items
developed by me pursuant to my employment with the Company or otherwise belonging to the Company and/or any other member of the Group.

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