Document:

Exhibit 10.10

 

EXCLUSIVE TECHNOLOGY

CONSULTING AND
SERVICE AGREEMENT

 

THIS EXCLUSIVE TECHNOLOGY
CONSULTING AND SERVICE AGREEMENT  (the “Agreement”)
is made and entered
into as of January 28, 2010, by and between the following parties:

 

Party A: BEIJING ANHUI
WANXING SCIENCE & TECHNOLOGY CO., LTD. Registered Address: Room 302,
38 Guangqudong Road, Chaoyang District, Beijing, P.R.C.

 

Party B: BEIJING TUOZHAN
INDUSTRIAL & TRADING DEVELOPMENT CO., LTD. Registered Address: 292
Zhangjiadian, Shibalidian Town, Chaoyang District, Beijing

 

WHEREAS,

 

1.          Party A, a wholly
foreign-owned enterprise duly established and valid existing under the laws of
the People’s Republic of China (the “PRC”), owns
resources to provide relevant technology consulting and services.

 

2.          Party B is a limited
liability company duly established and valid existing under the PRC laws. Party
A agrees to provide to Party B technology consulting and related services, and
Party B agrees to accept such services provided by Party A in accordance with this
Agreement.

 

NOW THEREFORE, through mutual
negotiations, the Parties hereto agree as follows:

 

1.          Technology
consulting and Services, Sole and Exclusive Interests

 

1.1        During the term of this
Agreement, Party A agrees to provide to Party B the technology consulting and
services and other significant resources necessary for the operation of Party B’s
business in accordance with this Agreement, including but not limited to:

 

(1)   Provision
of services of market study, business strategy, marketing consulting, technique
training, data base marketing in the fields of sales of automobiles, automobile
parts and post-market services of automobiles (second-hand automobiles, car
rental, automobile financing, automobile insurance, automobile repair and
maintenance, auto club, etc.) and customers referral;

 

1

 

(2)   Provision
of intellectual property (such as trademark, patent, know-how and so forth)
which is solely owned by Party A and necessary for the operation and development
of Party B’s business;

(3)   Secondment
to Party B of senior management personnel, senior technical personnel and
marketing team who grasp abundant resources of cars and parts suppliers and
maintain close relationship with those suppliers;

(4)   Human
resource consulting;

(5)   Provision
of Contacts for product purchase;

(6)   Legal
issue consulting;

(7)   Finance
consulting and support;

(8)   Investment
consulting and management;

(9)   Consulting
on the establishment and operation of 4S shops and project consulting;

(10) Other
consulting and services required by Party B in associate with the variation of
market.

 

1.2        Party B hereby agrees to accept such technology consulting and services
provided by Party A. Party B further agrees that, during the term of this Agreement,
it shall not accept the technical consultation and service provided by any
third party other than Party A without the prior written consent of Party A.

 

1.3        Party A shall be the sole
and exclusive owner of all right, title and interests and intellectual property
rights arising from this Agreement (including
but not limited to, copyrights, patent, know-how, commercial secrets and so
forth), regardless it is developed by Party A or by Party B based on Party A’s
intellectual property right.

 

2.         Payments
for the technical consultation and service(“Consulting Fees”)

 

2.1        Both parties agree that the
Consulting Fees shall be paid per quarter in accordance with the consulting and
service actually provided by Party A. Party A has the right, solely at its discretion,
to determine the amount of the Consulting Fees, and both parties agree to, at
Party A’s discretion, amend or enter into supplementary agreement in respect of
the provisions under this Agreement regarding Consulting Fees. The Consulting
Fees could be 100% of Party B’s quarterly profit.

 

2.2        Except for the Consulting
Fees mentioned in the preceding paragraph, Party B agrees to reimburse Party A
for all necessary expenses in relation to performing this Agreement, including
but not limited to, travelling expenses, service fees, and out-of-pocket
expenses, etc.

 

2.3        Except for the Consulting
Fees, Party B agrees to reimburse Party A the tax, customs and other
expenditures (income tax is not included) paid by Party A in favour of Party B
in relation to this Agreement.

 

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2.4        Party B shall provide Party
A with a report in relation to Consulting Fees (“Consulting
Fees Report”) in accordance with this Agreement within three (3) business
days after each quarter and Party B shall remit the amount in RMB to the bank
account designated by Party A within two (2) business days after
delivering such Consulting Fees Report. 
Party B shall subject to a late fee of a 12% annual interest (compound
interest) from the date of default if fails to pay Consulting Fees and other
payable fees hereunder timely.

 

2.5        Party B shall maintain a
separate bank account for the Consulting Fees under this Agreement. Party A is
entitled to appoint its employees or PRC or international accountants to review
or audit the account books in relation to the consulting service from time to
time.  The fees payable to the accountant
shall be paid by Party A itself. Party B shall provide to Party A’s employees
or accountants any convenience and assistance required and all documents,
account books, records, materials and information deemed necessary by such
persons  The auditing report issued by
Party A’s employee shall be final and conclusive unless Party B issues written
objection within seven (7) days after receiving such report.  The report issued by the accountant shall be
final and conclusive. Party A is entitled to serve written payment notice on
Party B at any time after receiving the audit report according to the
consulting fee confirmed by the audit report. Party B shall pay within seven (7) days
after receiving the notice in accordance with Article 2.4.

 

2.6        All payment payable by
Party B to Party A shall be after tax, bank handing charge or any other
expenses.

 

3.         Representations
and Warranties

 

3.1    Party
A hereby represents and warrants as follows:

 

3.1.1        It
has the authority to enter into and perform this Agreement in accordance with
its Articles of Association and business scope, and has taken all necessary
action to get authorization, consent and approval from third party and/or
competent government authorities, and will not conflict with any agreement or
laws binding on it.

 

3.1.2        Upon
execution, this Agreement shall constitute a legally binding document on Party
A and shall be enforceable in accordance herewith.

 

3.2    Party
B hereby represents and warrants as follows:

 

3.2.1        Party
B is a company duly registered and valid existing under the law of the PRC, and
is authorized to enter into this Agreement.

 

3.2.2        Party
B has the authority to execute and perform this Agreement in accordance with
its Articles of Association and its business scope, and has taken all necessary
action to obtain all consents and approval to execute and perform this
Agreement, and will not conflict with any agreement or laws binding on it.

 

3

 

3.2.3        Upon
execution, this Agreement shall constitute a legally binding document on Party
A and shall be enforceable in accordance herewith.

 

4        Confidentiality

 

4.1        Party B agrees to make
reasonable effort to protect and maintain the confidentiality of Party A’s
confidential data and information acknowledged or received in the exclusive
technology consulting and service provided by Party A (“Confidential
Information”).  Party B shall
not disclose, grant or transfer to any third party of such Confidential
Information. Upon termination of this Agreement, Party B shall, upon Party A’s
request, return to Party A or destroy of any document, material or software
contained any of such Confidential Information, and shall completely delete any
of such Confidential Information from any memory device, and shall not use or
permit any third party to use such Confidential Information.

 

4.2        The both Parties agree that
the provisions of this Article shall survive notwithstanding the
alteration, revocation or termination of this Agreement.

 

5        Indemnities

 

5.1        Party B shall indemnify
Party A against any loss, damage, liability or expenses suffered by Party A as
a result of or arising from any litigation, claim or compensation request in
other forms related to the consulting and service under this Agreement.

 

6        Effectiveness and Term of this Agreement

 

6.1        This Agreement shall be
executed and come into effect as of the date first set forth above. The term of
this Agreement shall be ten (10) years unless earlier terminated as set
forth in this Agreement or other written agreements entered into by the parties
hereof.

 

6.2        This Agreement shall be
terminated upon written confirmation from both Parties before termination.
Otherwise this agreement shall be extended by another ten (10) years.

 

7        Termination of the Agreement

 

7.1        The Agreement shall be
extended automatically upon the expiration of this Agreement unless it is
terminated in accordance with this Agreement.

 

7.2        During the term of this
Agreement, Party B may not terminate this Agreement except in the case of Party
A’s gross negligence, fraud, or other illegal action or bankruptcy of Party A.
Notwithstanding the above, Party A may terminate this Agreement with issuing a
written notice to Party B thirty (30) days in advance.

 

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7.3        The rights and obligations
of the both Parties under Article 4 and Article 5 of this Agreement
shall survive after the termination of this Agreement.

 

8        Dispute Settlement

 

8.1        With regards to any dispute
in relation to the interpretation or implementation of this Agreement, the
Parties shall negotiate friendly to settle the dispute. In case no settlement
can be reached through consultation, each Party can submit such matter to China
International Economic and Trade Arbitration Committee for arbitration
according to the current effective arbitration rules. The arbitration shall be
held in Beijing. The arbitration proceedings shall be conducted in Chinese. The
arbitration award shall be final and binding on the Parties.

 

9        Force Majeure

 

9.1        Force Majeure Event (“Event”) refers to any event beyond control of the affected
party and unavoidable with reasonable caution, which shall include but not
limit to, government acts, nature disasters, fire, explosion, typhoon, flood,
earthquake, tidal wave, lightning or war. 
However, any lack of credit, assets or financing shall not be deemed as
an event beyond control of a party. The party claiming the Force Majeure and
seeking a waiver of its obligations hereunder shall promptly inform the other
party the Force Majeure and the procedure to fulfil its obligations hereunder.

 

9.2        If performance of this
Agreement is delayed or prevented due to Force Majeure set forth in the
preceding paragraph, the affected party shall not subject to any liability
hereunder arising from the obligations so delayed or prevented. The affected
party shall make reasonable effort to reduce or diminish the effect from such
Event, and shall make reasonable efforts to resume its performance. Both
parties shall resume the performance with best effort upon elimination of such
Event.

 

10      Notices

 

10.1      Any notice by each Party
regarding rights and obligations hereunder shall be in writing. 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. “Writing” includes, inter alia, fax and telefax.

 

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11      Assignment

 

11.1      Absent the prior written consent of Party A,
Party B may not assign any right or obligation hereunder to any third party.

 

12      Severability

 

12.1      If any of the terms of this
Agreement is invalid, illegal or unenforceable due to incompliance with laws,
the validity and enforceability of the other terms hereof shall nevertheless
remain unaffected.

 

13      Amendments and Supplement

 

13.1      Any amendment and
supplement of this Agreement shall be in writing and duly executed by the
parties hereto, such amendment and supplement shall be deemed as a part of this
Agreement and shall be in full force and effect as this Agreement.

 

14      Governing Law and Languages

 

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

 

14.2      This Agreement is executed
both in Chinese and English. The Chinese version will prevail in the event of
any inconsistency between the English and any Chinese version.

 

[THIS
SPACE IS INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the both Parties have its
authorized representative executed this Agreement on the date first above
written.

 

 

	
  Party A: BEIJING ANHUI WANXING
  SCIENCE & TECHNOLOGY CO., LTD.

  
	
   

  	
   

  
	
  Legal
  Representative :

  	
  /s/ Hetong Guo

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Party B: BEIJING TUOZHAN INDUSTRIAL &
  TRADING DEVELOPMENT CO., LTD.

  
	
   

  	
   

  
	
  Legal Representative:

  	
  /s/ Hetong Guo

  	
   

  

 

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Schedule of other
affiliated entities that entered into the Exclusive Technology Consulting and
Service Agreement with Beijing Anhui Wanxing Science & Technology Co., Ltd.

 

1.             Beijing Aotong Automobile Trading Co., Ltd.

2.             Beijing Lentuo Chengxin Commercial &
Trading Co., Ltd.

3.             Beijing Yuantongqiao Toyota Automobile Trading Co., Ltd.

4.             Beijing Tuojiacheng Commercial & Trading
Co., Ltd.

5.             Beijing Lentuo Huitong Automobile Sales Service Co., Ltd.

6.             Beijing Tuozhan Automobile Repair Co., Ltd.

7.             Beijing Lentuo Automobile Leasing Co., Ltd.

 

The agreements of
such affiliated entities are omitted from this exhibit pursuant to the
Instruction to Item 601 of Regulations S-K. 
Other than the agreement of Beijing Lentuo Huitong Automobile Sales
Service Co., Ltd. that is dated June 20, 2010, all other agreements
are dated January 28, 2010.

 

8Exhibit 10.11

 

EXCLUSIVE EQUITY INTEREST PURCHASE AGREEMENT

 

THIS EXCLUSIVE EQUITY INTEREST PURCHASE AGREEMENT (the “Agreement”) is entered into by and
between the following parties on January 28, 2010.

 

Party A: LENTUO HK LIMITED, a limited liability company
duly established and valid existing under the HK SAR laws. Registered Address: Room 42,
4th Floor,
New Henry House, 10 Ice House Street, Central, Hong Kong.

 

Party B: BEIJING LENTUO
ELECTROMECHANICAL GROUP CO., LTD. (“LENTUO”), a limited liability company duly established and valid
existing under the PRC laws. Registered Address: 38 Guangqudong Road, Chaoyang
District, Beijing, P.R.C.

 

Party C: BBEIJING TUOZHAN
INDUSTRIAL & TRADING DEVELOPMENT CO., LTD., a limited liability
company duly established and valid existing under the PRC laws. Registered
Address: 292 Zhangjiadian, Shibalidian Town, Chaoyang District, Beijing, P.R.C.

 

WHEREAS,

 

1.          Party B holds 100% equity interest in Party C;

 

2.          Party C and Beijing Anhui Wanxing Science &
Technology Co., Ltd. (“Anhui Wanxing”)
have entered into a series of Agreements including the Exclusive Consulting and
Service Agreement.

 

NOW
THEREFORE, through mutual negotiations, the Parties hereto agree as follows:

 

1.         Transfer
of Equity Interest

 

1.1        Granting Right

 

Under the PRC law,
Party B hereby irrevocably grants Party A the
exclusive right to purchase, or designate one or more persons (the “Specified Person”) to purchase, a portion or whole of the
Equity Interest of Party C held by Party B at the price set forth in Article 1.3
hereof in accordance with the procedure promulgated by Party A at any time in 

 

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Party A’s
discretion.(the “Purchase Right”). Except for Party
A and the Specified Person, Party C shall not sell the Equity Interest to any
third party. Party C hereby agrees that Party B may grant the Purchase Right to
Party A. For the purpose of this Agreement, the “person” stipulated herein
refers to individual, corporation, joint venture, partnership, enterprise,
trust or non-corporation organization.

 

1.2        Procedure

 

The exercise of the Purchase Right by Party A shall
subject to the laws and regulations of the PRC. When Party A intends to
exercise the Purchase Right, it shall issue a written notice (the “Purchase Notice”) to 
Party B which shall contain the following items: (a) Party A
intends to exercise the Purchase Right; (b) the percentage of the Equity
Interest to be purchased therewith (the “Purchased Equity Interest”);
and (c) the effective date or transfer date.

 

1.3        Transfer Fee

 

The Transfer Fee (“Transfer Fee”)
shall be confirmed by and between Party A and Party B through negotiation
according to the appraisal of the Equity Interest approved by the competent
authority, and it shall be the lowest price allowable by the PRC laws and
regulations. Party B hereby unconditionally and irrevocably agrees that, in the
event that Party A exercises its Purchase Right, Party B shall unconditionally
refund to Party A the Transfer Fee in full.

 

1.4        Transfer of the Equity
Interest

 

Each time When Party
A exercises the Purchase Right:

 

1.4.1        Party B shall procure that
Party C convene shareholders’ meeting timely and shall pass the shareholders’
resolutions that Party B could transfer to Party A or the Specified Person the
Equity Interest.

 

1.4.2        Party B shall enter into
Equity Transfer Agreement with Party A (or the Specified Person, if applicable)
in accordance with this Agreement and Purchase Notice.

 

1.4.3        Related parties shall
execute all other necessary agreements or documents, and obtain all necessary
government approvals and consents, and take all necessary actions to lawfully
transfer the title to the Equity Interests to Party A or the Specified Person
and procure Party A or the Specified Person to be registered as the holder of
the Equity Interest. The Equity Interest should be free from any Security
Interest. For the purpose of this Agreement, Security Interest shall include
guarantee, mortgage, any third  party’s
right or interest, any purchase right, preemption right, offset right and any
other security arrangements. Notwithstanding 

 

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the foregoing, the Security Interest shall not
include any security interest accrued in accordance with this Agreement and the
Equity Interest Pledge Agreement which is entered into by and between Party B
and Anhui Wanxing on January 28, 2010 (“Equity
Interest Pledge Agreement”). According to the Equity Interest Pledge
Agreement, Party B shall pledge all the equity possessed by Party B in Party C
to Anhui Wanxing as a guarantee to the performance of the Exclusive Technical
Consulting and Service Agreement which is entered into by and between Party C
and Anhui Wanxing on January 28, 2010 (“Exclusive
Technical Consulting and Service Agreement”).

 

1.5        Payments for the Equity
Interest

 

1.5.1        Party A shall pay the
Transfer Fee to Party B in accordance with Article 1.3 hereof.

 

2.         Warranties
Relating to the Equity Interest

 

2.1        Party C hereby guarantees that:

 

2.1.1        Absent prior written consent
of Party A or the Specified Person, Party C will not supplement, amend, or
modify any provision of the Articles of Association of the company, and shall
not increase or decrease its registered capital, or alter the equity structure
in other methods.

 

2.1.2        Party C shall be legally
existing, and prudently and efficiently operates its business and deals with
corporate affairs in accordance with commercial standards and practice.

 

2.1.3        Absent prior written
consent of Party A or the specific person, Party C shall not sell, transfer,
mortgage or dispose of any asset, business or beneficial right of Party C, or
allow creation of any other Security Interest.

 

2.1.4        Absent prior written
consent of Party A or the specific person, Party C shall not incur, inherit,
guarantee or bear any debt except for (i) the debt is inccurred during the
routine business instead of loan; and (ii) the debt has been disclosed to
Party A and has obtained Party A’s written consent.

 

2.1.5        Party C shall operate its
routine business to keep the value of its assets, and shall not result in any
material influence on its business operation and the value of its asset by acts
or omissions.

 

2.1.6        Absent prior written
consent of Party A or the specific person, Party C shall not enter into any
material agreement except for the 

 

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purpose of routine
business operation. (For the purpose of this provision, an agreement covering
an amount in excess of RMB100,000 shall be deemed as a material agreement).

 

2.1.7        Absent prior written
consent of Party A or the specific person, Party C shall not provide any loan
or credit to any third party.

 

2.1.8        Party C shall provide all
materials relating to its operation and financial status to Party A Upon Party
A’s request.

 

2.1.9        Party C shall effect and
maintain insurance from the insurance company acceptable to Party A. The amount
and types of such insurance shall be the same with the alike companies which
operate the similar business and possess the similar assets with Party C in the
same distraction.

 

2.1.10      Absent prior written
consent of Party A or the specific person, Party C shall not merge with,
combine with or purchase any entity or make investments to any entity.

 

2.1.11      Party C shall promptly
inform Party A of any existing or potential litigation, arbitration, or
administrative procedure in relation to Party C’s assets, business and revenue.

 

2.1.12      Party C shall make all
necessary efforts to maintain the title to its assets, including but not
limited to execute all necessary or proper documents, commence all necessary or
proper claims, or make all necessary or proper defences to all claims.

 

2.1.13      Absent prior written
consent of Party A, Party C shall not distribute any dividend to any
shareholder. Nevertheless, Party C shall immediately distribute all payable
dividends to the shareholders upon request of Party A or the specified person.

 

2.2        Party B hereby guarantees that:

 

2.2.1        Absent prior written
consent of Party A or the specific person, Party B shall not sell, transfer,
mortgage or dispose of any right or interest relating to the Equity Interest,
or allow any creation of other Security Interest on the Equity Interest.
However the Security Interest accrued from this Agreement and the Equity
Interest Pledge Agreement shall be excluded.

 

2.2.2        Party B shall promptly
inform Party A of any existing or potential litigation, arbitration, or
administrative procedure in relation to the Equity Interest.

 

2.2.3        Party B shall make all
necessary efforts to maintain its title to the equity of Party C, including but
not limited to execute all 

 

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necessary or proper
documents, commence all necessary or proper claims, or make all necessary or
proper defences to all claims.

 

2.2.4        Upon the request of Party
A, Party B shall immediately transfer its Equity Interest to Party A or the
Specified Person unconditionally at any time.

 

2.2.5        Party B shall strictly
comply with and duly perform this Agreement and any other agreements entered
into by and between Party B, Party C, and Party A collectively or respectively
and shall not affect the validity and enforceability of such agreements by acts
or omissions.

 

3.         Representations
and Warranties

 

3.1        Party B and Party C hereby
collectively and respectively represent and warrant to Pary A that on and till
the execution date of this Agreement and each and every transfer day
thereafter:

 

3.1.1        It
has the authority and ability to enter into and duly perform this Agreement
and each and every Equity Transfer Agreement executed thereafter by Party B or
Party C collectively or respectively. Such Agreements shall be legally and
effectively binding on the parties thereof and shall be enforceable in
accordance with the provisions thereof.

 

3.1.2        The execution, delivery and performance of
this Agreement or any Equity Transfer Agreement thereafter shall not: (i) violate
any PRC laws; (ii) conflict with its Articles of Association or other
organizational documents; (iii) breach 
any contract or document of which Party B and/or Party C is a party or
which binds Party B and/or Party C; (iv) violate any acquired permit,
approval or any valid qualification thereof; or (v) result in the ceasing
or revocation or additional conditions to the acquired permit or approval.

 

3.1.3        Party
B retains full and transferable title to its assets and facilities and absent
any security interest other than the security
interest accrued in this Agreement and the pledge set by the Equity Interests
Pledge Agreement.

 

3.1.4        Party
B or any person designated by Party B shall unconditionally transfer any
funds obtained from Party C in full
to Party A (including but not limited to dividends, bonus, other rights,
earnings and so forth distributed by Party C.)

 

3.1.5        Prior
to Party A’s lawful exercise of Purchase Right, Party B shall not request Party
C to distribute any dividend, bonus and other right and earning and so forth
absent Party A’s permit.

 

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3.1.6        Party
C has no outstanding debt except for (i) the legal debt, which is
inccurred during its routine business operation instead of loan; (ii) the
debt has been disclosed to Party A and has obtained Party A’s written permit.

 

3.1.7        Party
C shall comply with all applicable laws and regulations relating to equity
transfer.

 

3.1.8        There
is no existing, pending or potential litigation, arbitration, or administrative
procedure in relation to the Equity Interest, assets of Party C and other
matters of Party C.

 

3.2        Party A hereby represents
and warrants to Party B and Party C on the execution date of this Agreement and
each transfer day thereafter:

 

(i)            Party A shall be obligated to provide continual financial support to
Party C in the event that Party C requires to obtain funds support for business
operation,;

 

(ii)           In the event that Party C fails to repay the funds provided by Party A
due to Party C’s operation losses, Party A hereby agrees to forego the right to
seek repayment.

 

4.         Effective Date

 

This Agreement shall take effect upon execution by
the Parties (“Effective Date”), the term shall be ten (10) years, and it
may be extended by another ten (10) years if Party A so requires.

 

5.         Governing Law and Dispute Resolution

 

5.1        Governing Law

 

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

 

5.2        Dispute Resolution

 

With regards to any
dispute in relation to the interpretation or implementation of this Agreement,
the Parties shall negotiate friendly to settle the dispute.  If it can not be settled within thirty (30)
days from the date any party issuing written notice requesting settlement of
dispute through negotiation, each party has the right to submit it to China
International Economic and Trade Arbitration Committee for arbitration
according to the valid arbitration rules. 
The arbitration shall be held in Beijing.  The arbitration award is final and binding on
each party.

 

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6.         Tax and Expenditures

 

Each party shall bear its own tax, costs and
expenditures relating to preparing for and executing this Agreement and Equity
Transfer Contract and relating to completing the contemplated deal.

 

7.         Notice

 

Any notice or other communication under this
Agreement shall be in Chinese and be sent to the address listed below or other
address as may be designated from time to time by personal delivery or mail or
facsimile. Any notice required or given hereunder shall be deemed to have been
served: (a) the same date if sent by personal delivery; (b) the tenth
date from delivery (subject to the stamp) of a prepaid air-mail, or the fourth
date from delivering to a professional delivery company acknowledged worldwide
if sent by mail; and (c) the receipt date recorded on the transmission
confirmation notice if sent by facsimile.

 

Party
A: LENTUO HK LIMITED, a limited liability company duly established and
valid existing under the HK SAR laws.

 

Registered Address: Room 42,
4th Floor, New Henry House, 10 Ice House Street, Central, Hong Kong

 

Party
B: BEIJING LENTUO ELECTRO MECHANICAL GROUP CO., LTD., a limited liability company duly established and valid existing under
the PRC laws.

 

Registered Address:
38 Guangqudong Road, Chaoyang District, Beijing, PRC

 

Party
C: BBEIJING TUOZHAN INDUSTRIAL & TRADING DEVELOPMENT CO., LTD., a limited liability company duly established and valid existing under
the PRC laws.

 

Registered Address: 292 Zhangjiadian, Shibalidian
Town, Chaoyang District, Beijing

 

8.         Confidentiality

 

8.1        The Parties acknowledge and confirm that any oral or written information
relating to this Agreement communicated among the Parties shall be deemed as confidential information (“Confidential Information”). The Parties shall keep confidential of such
Confidential Information and shall not disclose to any third party unless
having obtained prior written consent from the other parties. Nevertheless,
Confidential Information shall not include information which (a) was at
the date hereof or subsequently becomes public information (otherwise than disclosed
by any party   received such Confidential
Information); (b) is disclosed in
accordance with applicable laws or regulations; or (c) the party who
discloses any Confidential Information to its attorneys or financial advisors
who need to access such information shall ensure that such attorneys or
financial advisors comply with this provision and keep confidential of such
information.  The disclosure by the
employee or agent of Each Party shall be deemed as disclosed by the party
itself, and the party shall be liable of the breach. The Parties agree that the
provisions of 

 

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this Article shall survive notwithstanding the termination of this
Agreement.

 

9.         Further Assurance

 

9.1        The Parties agree that they
will, without any hesitation, execute any necessary documents for the
performance of this Agreement or any documents which is benefit for the purpose
of this Agreement, and will take all necessary actions for the purpose of this
Agreement or take actions which is benefit for the purpose of this Agreement.

 

10.       Miscellaneous

 

10.1      Amendment and supplementation

 

Any revision, amendment
and supplementation of this Agreement shall be in writing and be executed by
Each Party.

 

10.2      Compliance with laws and regulations

 

The Parties shall comply
with all applicable PRC laws and regulations which have been formally issued
and may be publicly acquired.

 

10.3      Entire
agreement

 

Unless it is otherwise
revised, amended or supplemented after execution of this Agreement, this
Agreement constitutes the entire agreement among the parties as to the subject
matter, and supersedes any prior oral or written negotiations, statements or
agreement among the parties relating thereto.

 

10.4      Headings

 

Headings in this
Agreement are only set out for reading convenience, and shall not be used to
interpret, explain or otherwise influence the meaning of the provisions of this
Agreement.

 

10.5      Language

 

This Agreement is made in
Chinese and
English in three originals. The Chinese version will
prevail in the event of any inconsistency between the English and any Chinese
translations thereof.

 

10.6      Severability

 

If any of the terms of this Agreement is declared
invalid, illegal or unenforceable in accordance with any applicable laws or
regulations, the validity and enforceability of the other terms hereof shall
nevertheless remain unaffected, and the Parties hereto agree to, through
friendly negotiation, make valid terms to such invalid, illegal or
unenforceable terms, and the economic results from such valid terms shall  be close to, 

 

8

 

as much as may be possible, the superseded invalid,
illegal or enforceable terms.

 

10.7      Successor

 

This Agreement shall bind the successor of each
party or the transferee permitted by the other parties and shall be interpreted
for its benefit.

 

10.8      Continue
to be effective

 

10.8.1         Any duties occurred in
relation to the Agreement before expiration or early termination of the
Agreement shall continue to be effective after expiration or early termination
of the Agreement.

 

10.8.2         Articles 5, 7, 8 and 10.8 hereof shall survive nothwithstanding the termination of
this Agreement.

 

10.9      Waiver

 

Each party may waive the terms and
conditions under this Agreement in writing. Such waiver should be duly signed by
the other parties. Any waive relating to the breach of the other party in
certain circumstance shall not be deemed as that the waiver party has made
waiver to the other party for the same breach in other circumstances.

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT
BLANK]

 

9

 

This page is
the signing page of this Exclusive Equity Interest Purchase Agreement. IN WITNESS WHEREOF, the both Parties have its authorized
representative executed this Agreement on the date first above written.

 

	
  Party A: LENTUO HK LIMITED

  	
   

  
	
  Authorized Representative:

  	
  /s/ Hetong Guo

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Party B: BEIJING LENTUO ELECTROMECHANICAL GROUP
  CO., LTD.

  
	
  Legal
  Representative :

  	
  /s/ Hetong Guo

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Party C: BBEIJING TUOZHAN INDUSTRIAL &
  TRADING DEVELOPMENT CO., LTD.

  
	
  Legal
  Representative:

  	
  /s/ Hetong Guo

  	
   

  

 

10

 

Schedule of other
affiliate entities that entered into this Exclusive Call Option Agreement with
Beijing Anhui Wanxing Science & Technology Co., Ltd. and Beijing
Luntuo Electromechanical Group Co., Ltd. 
Such Agreements are omitted from this exhibit pursuant to the
Instruction to Item 601 of Regulations S-K. 
Other than the agreement of Beijing Lentuo Huitong Automobile Sales Service
Co., Ltd. that is dated June 20, 2010, all other agreements are dated
January 28, 2010.

 

1.             Beijing Aotong Automobile Trading Co., Ltd.

2.             Beijing Lentuo Chengxin Commercial &
Trading Co., Ltd.

3.             Beijing Yuantongqiao Toyota Automobile Trading Co., Ltd.

4.             Beijing Tuojiacheng Commercial & Trading
Co., Ltd.

5.             Beijing Lentuo Huitong Automobile Sales Service Co., Ltd.

6.             Beijing Tuozhan Automobile Repair Co., Ltd.

7.             Beijing Lentuo Automobile Leasing Co., Ltd.

 

11

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