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Exhibit 10.1

MYR GROUP INC.
PERFORMANCE SHARES AWARD AGREEMENT
(Executive Officer)
    This AGREEMENT (this “Agreement”) is made as of [__________________], by and between MYR Group Inc., a Delaware corporation (the “Company”), and [______________] (the “Participant”). 
1.Grant of Performance Shares.  Pursuant to the MYR Group Inc. 2017 Long-Term Incentive Plan (the “Plan”) and subject to the terms and conditions thereof and the terms and conditions hereinafter set forth, the Company has granted to the Participant, as of [________________] (the “Date of Grant”), [________] target Performance Shares, a percentage of which may be earned in accordance with the terms of this Agreement and contingent on the Company’s Return On Invested Capital (“ROIC”) over the ROIC Performance Period (as defined below) (such target amount, the “ROIC Target Performance Shares”), and [____] target Performance Shares, a percentage of which may be earned in accordance with the terms of this Agreement and contingent on the Company’s relative Total Stockholder Return (“TSR”) over the TSR Performance Period (as defined below) (such target amount, the “TSR Target Performance Shares”). The Performance Shares are not intended to be a Qualified-Performance Based Award under the Plan.  
2.Earning of Target Performance Shares.
(a)Performance Measure:  The Participant’s right to receive all of, any portion of, or more than, the number of ROIC Target Performance Shares or TSR Target Performance Shares generally will be contingent upon the achievement of specified levels of the Company’s ROIC and relative TSR, as set forth in the “Statement of Performance Goals” established by the Committee in connection with the Awards granted by this Agreement, and will be measured over each fiscal year in the period from January 1, 20__ through December 31, 20__ for ROIC performance (the “ROIC Performance Period”) and the arithmetic average of the ROIC for the ROIC Performance Period, which shall be calculated by dividing the sum of the Company’s ROIC for each fiscal year in the ROIC Performance Period by the number of years in the ROIC Performance Period (the “Three-Year Average”), and the Date of Grant through December 31, 20__ for TSR performance (the “TSR Performance Period” and together with the ROIC Performance Period, the “Performance Periods”).

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(b)Below Threshold:  
(i)ROIC:  If, upon the conclusion of the ROIC Performance Period, ROIC for any fiscal year in the ROIC Performance Period or the Three-Year Average ROIC for the ROIC Performance Period falls below the threshold level, as set forth in the ROIC Performance Matrix contained in the Statement of Performance Goals, no Performance Shares for ROIC performance shall become earned for that fiscal year and/or the Three-Year Average, as applicable.  
(ii)TSR:  If, upon conclusion of the TSR Performance Period, the Company’s relative TSR for the TSR Performance Period falls below the 25th percentile of TSR for the TSR Peer Group Companies (as defined below), no Performance Shares for TSR performance shall become earned.
(c)Threshold:  
(i)ROIC:  If, upon the conclusion of the ROIC Performance Period, ROIC for any fiscal year in the ROIC Performance Period and/or the Three-Year Average ROIC for the ROIC Performance Period equals the threshold level, as set forth in the ROIC Performance Matrix contained in the Statement of Performance Goals, 10% of the ROIC Target Performance Shares shall be earned for each such fiscal year and 20% of the ROIC Target Performance Shares shall be earned for the Three Year Average ROIC, with a fractional share from the total earned ROIC Target Performance Shares rounded down to the next whole share. 
(ii)TSR:  If, upon conclusion of the TSR Performance Period, the Company’s relative TSR for the TSR Performance Period is at the 25th percentile of TSR for the TSR Peer Group Companies, 25% of the TSR Target Performance Shares shall become earned, with a fractional share rounded down to the next whole share.

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(d)Between Threshold and Target:  
(i)ROIC:  If, upon the conclusion of the ROIC Performance Period, ROIC for any fiscal year in the ROIC Performance Period and/or the Three-Year Average exceeds the threshold level, but is less than the target level, as set forth in the ROIC Performance Matrix contained in the Statement of Performance Goals, the percentage of ROIC Target Performance Shares that shall become earned shall be determined by the summation of the percentage of ROIC payout as determined by mathematical straight-line interpolation of actual ROIC performance compared to the ROIC performance metrics for each such fiscal year multiplied times 20% and the Three Year Average ROIC performance compared to the ROIC performance metrics multiplied times 40% between 50% (threshold) payout of the ROIC Target Performance Shares and 100% (target) payout of the ROIC Target Performance Shares, with a fractional share from the total earned ROIC Target Performance Shares rounded down to the next whole share.
(ii)TSR:  If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR exceeds the 25th percentile, but is less than the 50th percentile of TSR of the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 25% of the TSR Target Performance Shares and 100% of the TSR Target Performance Shares, with a fractional share rounded down to the next whole share.
(e)Target:  
(i)ROIC:  If, upon the conclusion of the ROIC Performance Period, ROIC for any fiscal year in the ROIC Performance Period and/or the Three-Year Average equals the target level, as set forth in the ROIC Performance Matrix contained in the Statement of Performance Goals, 20% of the ROIC Target Performance Shares shall be earned for each such fiscal year and 40% of the ROIC Target Performance Shares shall be earned for the Three Year Average ROIC, with a fractional share from the total earned ROIC Target Performance Shares rounded down to the next whole share.
(ii)TSR:  If, upon conclusion of the TSR Performance Period, the Company’s relative TSR for the TSR Performance Period is at the 50th percentile of TSR for the TSR Peer Group Companies, 100% of the TSR Target Performance Shares shall become earned, with a fractional share rounded down to the next whole share.

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(f)Between Target and Maximum:  
(i)ROIC:  If, upon the conclusion of the ROIC Performance Period, ROIC for any fiscal year in the ROIC Performance Period and/or the Three-Year Average exceeds the target level, but is less than the maximum level, as set forth in the ROIC Performance Matrix contained in the Statement of Performance Goals, the percentage of ROIC Target Performance Shares that shall become earned shall be determined by the summation of the percentage of ROIC payout as determined by mathematical straight-line interpolation of actual ROIC performance compared to the ROIC performance metrics for each such fiscal year multiplied times 20% and the Three Year Average ROIC performance compared to the ROIC performance metrics multiplied times 40% between 100% (target) payout of the ROIC Target Performance Shares and 200% (maximum) payout of the ROIC Target Performance Shares, with a fractional share from the total earned ROIC Target Performance Shares rounded down to the next whole share.
(ii)TSR:  If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR exceeds the 50th percentile, but is less than the 75th percentile of TSR for the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 100% of the TSR Target Performance Shares and 200% of the TSR Target Performance Shares, with a fractional share rounded down to the next whole share.
(g)Equals or Exceeds Maximum:  
(i)ROIC:  If, upon the conclusion of the ROIC Performance Period, ROIC for any fiscal year in the ROIC Performance Period and/or the Three-Year Average equals or exceeds the maximum level, as set forth in the ROIC Performance Matrix contained in the Statement of Performance Goals, 40% of the ROIC Target Performance Shares shall be earned for each such fiscal year and 80% of the ROIC Target Performance Shares shall be earned for the Three Year Average ROIC, with a fractional share from the total earned ROIC Target Performance Shares rounded down to the next whole share.
(ii)TSR:  If, upon conclusion of the TSR Performance Period, the Company’s relative TSR for the TSR Performance Period equals or exceeds the 75th percentile of TSR for the TSR Peer Group Companies, 200% of the TSR Target Performance Shares shall become earned, with a fractional share rounded down to the next whole share.

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(h)Conditions; Determination of Earned Award:  Except as otherwise provided herein, the Participant’s right to receive any Performance Shares is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary through the end of the Performance Periods.  Following the Performance Periods, the Committee shall determine whether and to what extent the goals relating to ROIC and TSR have been satisfied for the Performance Periods and shall determine the percent of ROIC Target Performance Shares and TSR Target Performance Shares, if any, that may have become earned hereunder.
(i)Determination Regarding ROIC:  ROIC for each fiscal year in the ROIC Performance Period is defined as net income plus interest, net of taxes, plus amortization, net of taxes, less dividends divided by the average invested capital (funded debt less cash and marketable securities plus total stockholders’ equity) at the beginning of each fiscal year in the performance period, computed as follows:
									
	ROIC	=	Net Income + ((Net Interest + Amortization) x (1 – Tax Rate)) – Dividends
	Average of (Funded Debt – Cash and Marketable Securities + Total Stockholders’ Equity) at the beginning and the end of each year in the performance period

with all financial measures as determined from the Company’s consolidated financial statements for each year in the ROIC Performance Period, subject to any adjustment as determined by the Committee.
(j)Determination Regarding TSR:  At the end of the TSR Performance Period, the percentile rank of the Company’s TSR in respect to the TSR of the TSR Peer Companies will be calculated.  TSR with respect to the Company and each of the TSR Peer Companies means the change in the fair market value of common stock of the Company and the TSR Peer Companies, assuming reinvestment of dividends, over the TSR Performance Period.  The measurement of change in fair market value over the Performance Period shall be based on the average closing prices of the common stock for the last 20 trading days preceding the Date of Grant and the last 20 trading days preceding the end of the TSR Performance Period (December 31, 20__), assuming reinvestment of dividends in common stock.  Any TSR Peer Company that is no longer publicly traded at any time during or at the end of the TSR Performance Period shall be excluded from this calculation.
(k)TSR Peer Companies:  The public companies against which the Company’s TSR performance will be compared (the “TSR Peer Group Companies”) are identified in the Statement of Performance Goals.

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3.Pro Rata Earning of Target Performance Shares.
(a)Termination without Cause or Good Reason, Death, Disability or Retirement:  Notwithstanding Section 2(h), if, during the Performance Period, but before the payment of any Performance Shares as set forth in Section 5, the Participant’s employment is terminated without “Cause” or with “Good Reason” (as each term is defined in the Participant’s current Employment Agreement with the Company, as may be amended from time to time (the “Employment Agreement”)), the Participant dies or in the event of his “Disability” (as such term is defined in the Employment Agreement) while in the employ of the Company or in the event of the retirement of the Participant after having attained “normal retirement age” (defined as the earlier of age 62 or 55 years old and 10 years of service)), then the Participant shall be entitled to receive such percent of the ROIC Target Performance Shares and TSR Target Performance Shares, if any, as is determined pursuant to Section 2 at the conclusion of the Performance Periods as if the Participant had remained in the continuous employ of the Company through the end of the Performance Periods, based on the Company’s ROIC and TSR performance during the Performance Periods, prorated, based on the number of whole months that the Participant was employed by the Company during the Performance Periods.
(b)Change in Control:  Notwithstanding Section 2(h), if, during the Performance Periods, but before the payment of any Performance Shares as set forth in Section 5, a Change in Control occurs while the Participant is an employee of the Company, then the Participant shall be entitled to receive the number of ROIC Target Performance Shares and the number of TSR Target Performance Shares set out in Section 1.
4.Forfeiture of Award.  Except to the extent the Participant has earned the right to receive Performance Shares pursuant to Section 2 or 3 hereof, the Participant’s right to receive Performance Shares shall be forfeited automatically and without further notice on the date that the Participant ceases to be an employee of the Company or a Subsidiary prior to the last day of the Performance Periods or, in the event that Section 3(b) applies, the date on which the Change in Control occurs.  
5.Payment of Performance Shares.
(a)Subject to Section 5(c), Performance Shares earned as provided in Section 2 or pursuant to Section 3(a) shall be paid to the Participant or his or her executor or administrator, as the case may be, in shares of Common Stock in the calendar year immediately following the close of the Performance Period to which the award relates, but in no event later than two and one-half (2 1/2) months after the close of the Performance Period.

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(b)The ROIC Target Performance Shares and TSR Target Performance Shares earned pursuant to Section 3(b) shall be paid to the Participant in shares of Common Stock as soon as practicable following the Change in Control, but in no event later than two and one-half (2 1/2) months following the end of the year in which the Change in Control occurs.
(c)Notwithstanding anything in this Agreement to the contrary, if the Participant is a “specified employee” as determined pursuant to procedures adopted by the Company in compliance with Section 409A of the Code, the ROIC Target Performance Shares and TSR Target Performance Shares become payable on the Participant’s “separation from service” with the Company and its Subsidiaries within the meaning of Section 409A(a)(2)(A)(i) of the Code, and the amount payable hereunder constitutes a “deferral of compensation” (within the meaning of Section 409A of the Code), then payment of the ROIC Target Performance Shares and TSR Target Performance Shares shall be made on the earlier of the first day of the seventh month after the date of the Participant’s “separation from service” with the Company and its Subsidiaries within the meaning of Section 409A(a)(2)(A)(i) of the Code or the Participant’s death.
6.Transferability.  Transferability shall be as set forth in the Plan.
7.No Employment Contract.  Nothing contained in this Agreement shall (a) confer upon the Participant any right to be employed by or remain employed by the Company, or (b) limit or affect in any manner the right of the Company to terminate the employment of the Participant at any time.
8.Taxes and Withholding.  To the extent that the Company is required to withhold any federal, state, local or foreign taxes in connection with the payment of any Performance Shares, it shall be a condition to the payment of any Performance Shares that the Participant shall pay such taxes by the Company’s retention of a portion of the shares of Common Stock otherwise payable to the Participant.  The shares so retained shall be credited against such withholding requirement at the Fair Market Value on the date of such delivery.  In no event, however, shall the Company accept shares for payment of taxes in excess of minimum required tax withholding rates; therefore, the Participant agrees to a payroll deduction for the amount of the withholding requirement that may be greater than the value of the whole number of shares retained for such purpose.   
9.Rights of a Stockholder.  The Participant shall not have any rights of a stockholder with respect to the Performance Shares prior to the date such shares are earned. 
10.Payment of Dividends.  No dividends or dividend equivalents shall be accrued or earned with respect to any Performance Shares until such Performance Shares are earned by the Participant as provided in this Agreement.
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11.Adjustments.  Notwithstanding any other provision hereof, the number of Performance Shares subject to this Agreement, and the other terms and conditions of this award, are subject to mandatory adjustment as provided in Section 3.2 of the Plan.
12.Restrictive Covenants.  If the Participant engages in any conduct in breach of any noncompetition, nonsolicitation or confidentiality obligations to the Company under any agreement, policy or plan, then such conduct shall also be deemed to be a breach of the terms of the Plan and this Agreement. Upon such breach, the Participant’s right to receive Performance Shares covered by this Agreement shall be forfeited automatically and without further notice and to the extent that the Participant has received shares of Common Stock pursuant to Section 5 within a period of 18 months prior to such breach, the Participant shall be required to return to the Company, upon demand, such shares or the net proceeds of any sales.  For purposes of this Section 12, net proceeds shall mean the net amount realized upon the disposition of the shares.  Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement prevents the Participant from providing, without prior notice to the Company, information to governmental authorities regarding possible legal violations or otherwise testifying or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations, and for purpose of clarity the Participant is not prohibited from providing information voluntarily to the Securities and Exchange Commission pursuant to Section 21F of the Exchange Act.
13.Recovery of Performance Shares. If (a) the Company restates any part of its financial statements for any fiscal year or years covered by the Performance Periods due to material noncompliance with any financial reporting requirement under the U.S. securities laws applicable to such fiscal year or years (a “Restatement”) and (b) the Committee determines that the Participant is personally responsible for causing the Restatement as a result of the Participant’s personal misconduct or any fraudulent activity on the part of the Participant, then the Committee has discretion to, based on applicable facts and circumstances and subject to applicable law, cause the Company to recover all or any portion (but no more than 100%) of the shares of Common Stock paid or payable to the Participant for the Performance Periods.  The amount of any cash or shares recovered by the Company under this Section 13 shall be limited to the amount by which such shares payment exceeded the amount that would have been paid to or received by the Participant had the Company’s financial statements for the applicable restated fiscal year or years been initially filed as restated, as reasonably determined by the Committee.  Notwithstanding anything herein to the contrary, the Participant’s consent shall not be required for an amendment to this Agreement that is deemed necessary by the Company to ensure compliance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) or any regulations promulgated thereunder, including as a result of the implementation of any recoupment policy the Company adopts to comply with the requirements set forth in the Dodd-Frank Act.

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14.Relation to Plan.  This Agreement is subject to the terms and conditions of the Plan.  In the event of any inconsistency between the provisions of this Agreement and the Plan, the Plan shall govern.  The Committee acting pursuant to the Plan, as constituted from time to time, shall, except as expressly provided otherwise herein or in the Plan, have the right to determine any questions that arise and to exercise its discretionary authority under the Plan in connection with the grant of ROIC Target Performance Shares and TSR Target Performance Shares.  
15.Miscellaneous. All decisions or interpretations of the Committee with respect to any question arising under the Plan or this Agreement shall be binding, conclusive and final. The waiver by the Company of any provision of this Agreement shall not operate as or be construed to be a subsequent waiver of the same provision or of any other provision of this Agreement.  The Participant agrees to execute such other agreements, documents or assignments as may be necessary or desirable to effect the purposes of this Agreement.
16.Capitalized Terms. All capitalized terms used in this Agreement that are not defined herein shall have the meanings given them in the Plan or resolutions adopted by the Committee authorizing grants made under this Agreement, unless the context clearly requires otherwise.
17.Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan comply with, or be exempt from, the provisions of Section 409A of the Code.  This Agreement and the Plan shall be administered in a manner consistent with this intent, and any provision that would cause this Agreement or the Plan to fail to satisfy Section 409A of the Code shall have no force or effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Company without the consent of the Participant). Any reference in this Agreement to Section 409A of the Code will also include any proposed, temporary or final regulations, or any other guidance, promulgated with respect to such section by the U.S. Department of the Treasury or the Internal Revenue Service.

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    IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by its duly authorized officer and the Participant has executed this Agreement, as of the day and year first above written.
			
	MYR GROUP INC.

	By:______________________________________

	Name:  Kenneth M. Hartwick

	Title:  Chairman of the Board

    The undersigned Participant hereby acknowledges receipt of an executed copy of this Agreement and accepts the right to receive any Performance Shares or other securities covered hereby, subject to the terms and conditions of the Plan and the terms and conditions herein above set forth.
			
	

	______________________________________

	 Participant

	
	Date:   ___________________________

10EX-4.31

 Exhibit 4.31 

2021 Communication Network Operating Assets Leasing Agreement 

Between 
 China Mobile Limited

 and 
 China Mobile
Communications Group Co., Ltd. 

 Contents 
  

							
	 1.
	  	Lease of Network Assets	  	 	1	 
			
	 2.
	  	The Leasing Fees	  	 	2	 
			
	 3.
	  	Responsibilities and Obligations	  	 	2	 
			
	 4.
	  	Liabilities for Breach of Agreement	  	 	3	 
			
	 5.
	  	Effectiveness and Terms of this Agreement	  	 	3	 
			
	 6.
	  	Non-disclosure	  	 	4	 
			
	 7.
	  	Assignment	  	 	4	 
			
	 8.
	  	Governing Law and Dispute Settlement	  	 	4	 
			
	 9.
	  	Miscellaneous	  	 	4	 

 2021 Communication Network Operating Assets Leasing Agreement 

This Agreement is entered into on January 8, 2021 between: 
  

	(1)	 China Mobile Limited, a limited liability company incorporated and existing under the laws of Hong Kong,
with its registered office at 60/F, the Center, 99 Queen’s Road Central, Hong Kong (hereinafter referred to as “Party A”); and 

  

	(2)	 China Mobile Communications Group Co., Ltd., a wholly state-owned limited liability company incorporated
and existing under the laws of China with its registered office at 29 Jinrong Avenue, Xicheng District, Beijing, China (hereinafter referred to as “Party B”). 

The above Party A and Party B are called hereinafter respectively as a “Party”, and collectively as “Parties”. 

Whereas: 
  

	(A)	 Party A is a company listed in the Stock Exchange of Hong Kong Limited and the New York Stock Exchange;

  

	(B)	 Party A directly or indirectly holds some wholly-owned or controlling
subsidiaries engaging in basic and value-added telecommunications business in the People’s Republic of China and overseas; 

  

	(C)	 Party B is the indirect controlling shareholder of Party A who holds some wholly-owned subsidiaries in the
People’s Republic of China and overseas; 

  

	(D)	 Party B and its related subsidiaries will continue building and from time to time purchase communication
network operating assets required for operating its related business (collectively referred to as “Network Assets”). Such Network Assets include but not limited to access network, transmission network, equipment rooms, equipment and
others. Party A and its subsidiaries intend to rent Network Assets from Party B and its related subsidiaries for operating related telecommunication services while Party B and its related subsidiaries also need to rent Network Assets from Party A
and its subsidiaries. 

 After sufficient discussion, the Parties hereby reach the following agreement to clearly define the related
arrangements for leasing of Network Assets: 
  

	1.	 Leasing of Network Assets 

 

	 	1.1	 The Parties hereby agree to urge its related subsidiaries to lease the Network Assets for its business
operations to the other Party in accordance with the terms and conditions hereunder. All operating revenue of both Parties and its subsidiaries, including but not limited to voice usage fees, monthly fees, interconnection fees, sales incomes of SIM
cards and mobile handsets, and other incomes generated therefrom or in connection therewith, shall belong to the Parties. 

In this Agreement, the Party and its related subsidiaries leasing the Network Assets are collectively referred to as the
“Lessor” while the Party and its related subsidiaries renting the Network Assets are collectively referred to as the “Lessee”. 

	 	1.2	 The scope of the Network Assets shall be jointly determined by the Lessor and the Lessee. The Lessee may submit
to the Lessor from time to time its plans for adding or adjusting the scope of the Network Assets according to its practical operational requirements. After such plans are confirmed by the Lessor, the scope of the Network Assets under this Agreement
shall be adjusted accordingly. 

  

	2.	 The Leasing Fees 

 

	 	2.1	 The Lessor and the Lessee agree and acknowledge that the leasing fees for the Network Assets (the
“Leasing Fees”) per month (“Settlement Period”) shall be determined in accordance with the Network Assets leasing documents and confirmation sheets for the Settlement Period executed by the Lessor and the Lessee.
The Leasing Fees shall be settled according to the prevailing market rates with the principle of fairness, but in any event shall not be more than the standard leasing fees charged to any third party for the same kinds of the Network Assets and no
lower than its costs. 

  

	 	2.2	 Both the Lessor and Lessee agree and acknowledge that, the Lessee shall pay the leasing fees for the Settlement
Period to the account designated by the Lessor within 30 days upon the end of each Settlement Period, and send the statement worksheet and settlement vouchers to the Lessor. The Lessor will review the calculating procedure and results according to
the documents submitted by the Lessee. In case of any error, with confirmation by both Parties, the Lessee shall make corresponding adjustments to the amount in the next Settlement Period. 

 

	3.	 Responsibilities and Obligations 

 

	 	3.1	 for the Lessor 

  

	 	3.1.1	 The Lessor shall deliver the Network Assets to the Lessee in time according to this Agreement.

  

	 	3.1.2	 The Lessor shall undertake that the Network Assets leased to the Lessee does not infringe the intellectual
property and other legitimate interests of any third party, and there is not any interests of any third party existing in such assets that may restrict or impact its normal utilization by the Lessee, and that the normal utilization of such Network
Assets by the Lessee shall not incur any expenses other than the Leasing Fees, including but not limited to any claim by any third party. 

  

	 	3.2	 for the Lessee 

  

	 	3.2.1	 The Lessee shall utilize the leased Network Assets in a reasonable manner according to its operational needs.

  

	 	3.2.2	 If any damages, malfunction or abnormality caused to the Lessor’s assets due to improper management,
maintenance or use by the Lessee, the Lessee shall bear all the direct losses resulting from the assets damages and malfunction. 

  

	 	3.2.3	 The Lessee shall credit the Leasing Fees for the Settlement Period to the account designated by the Lessor in
full amount within 30 days upon the end of that Settlement Period, and submit the statement worksheet and related settlement voucher to the Lessor according to Article 2 of this Agreement. In case of any error, the Lessee shall make corresponding
adjustment to the amount in the next Settlement Period according to Article 2.2 of this Agreement. 

	 	3.2.4	 If the Lessee needs to add or adjust the scope of leased Network Assets per its operational requirements, a
plan stating the scope of added or adjusted assets shall be submitted to the Lessor in advance and be implemented according to the terms and conditions under this Agreement after the plan is confirmed by the Lessor. The said plan shall cover the
specific type, model and quantity of the assets involved in the added or adjusted Network Assets as well as the time and technical standards of the implementation of the plan. 

 

	4.	 Liabilities for Breach of Agreement 

 

	 	4.1	 If the Lessor violates its undertakings in Article 3.1.2 under this Agreement and causes any losses to the
Lessee arising from disputes between any third party and the Lessee, the Lessor shall be liable for all expenses and direct losses incurred by the Lessee for settling such disputes. 

 

	 	4.2	 If the Lessee fails to credit the Leasing Fees to the account designated by the Lessor in time and in full
amount according to Article 2 hereunder, a penalty of 0.01% of the outstanding amount shall be charged to the Lessee for every week so delayed. If the payment is delayed for less than one week, it shall be deemed as one week. 

 

	 	4.3	 Except for the circumstances stated above, if any Party violates its obligations hereunder and causes any
losses to the other Party, the violating Party shall take the full responsibility for compensating the other Party. If any Party incurred any losses due to its own violations, it shall bear such losses by itself. 

 

	5.	 Effectiveness and Terms of this Agreement 

This Agreement shall be effective with the signatures of the legal representatives or their authorized representatives of both Parties dully
affixed and official stamps or special stamps for contracts stamped on it, and when all necessary approvals are obtained according to related regulatory requirements (including but not limited to meeting or satisfying the regulatory requirements set
out in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Hong Kong Listing Rules”) and valid from January 1, 2021 to December 31, 2021. 

 

	6.	 Non-disclosure 

Except otherwise provided for or required by laws or regulatory authorities, no Party (including but not limited to its subsidiaries) shall
provide or disclose any content of this Agreement or any other information relating to the operation of the other Party to any firm, company, organization or individual without any prior written consent (which shall not be retained or delayed
without any reason) of the other Party. 
  

	7.	 Assignment 

No Party shall assign all or any rights or obligations hereunder to any third party without prior written consent from the other Party. 

 

	8.	 Governing Law and Dispute Settlement 

 

	 	8.1	 This Agreement shall be governed by and interpreted and implemented according to the Laws of China.

  

	 	8.2	 Any dispute between the Parties relating to the validity, interpretation or performance of this Agreement shall
be settled through amicable consultation. Should the Parties fail to resolve the dispute within 30 days from the date of the occurrence of the dispute, then such dispute shall be submitted to Chinese International Economic and Trade Arbitration
Commission for arbitration in Beijing in accordance with the then effective arbitration rules of that Commission. The arbitration award shall be final and binding on both Parties. Except for the matter of dispute that is submitted for arbitration,
all the remaining parts of this Agreement shall remain valid and effective and shall continue to be performed by both Parties during the arbitration. 

	9.	 Miscellaneous 

 

	 	9.1	 This Agreement can be amended or supplemented after consultation with the Parties. All amendments or
supplements to this Agreement shall come into effect only after they have been duly executed by the legal representatives or the authorized representatives of both Parties and affixed with official stamps or special stamps for contract, with all
necessary approvals obtained according to relevant regulatory requirements (including but not limited to meeting or satisfying the regulatory requirements set out in the Hong Kong Listing Rules). Amendments or supplements to this Agreement are of
the same effect with this Agreement. 

  

	 	9.2	 This Agreement is severable. Any provisions hereunder being held ineffective, unlawful or unenforceable shall
not affect the validity and enforceability of other provisions under this Agreement. 

  

	 	9.3	 This Agreement may be executed separately by both Parties in several counterparts. All counterparts executed
separately together constitute a valid agreement. If this Agreement is executed in counterparts, it shall be deemed as executed after successful delivery of executed counterparts by the Parties via facsimile. 

 

	 	9.4	 This Agreement is written in Chinese and executed in four (4) original copies, two of which are held by
each Party. Each original copy has equal legal effect. 

 China Mobile Limited 

Legal representative or its authorized representative (signature): s/HUANG Jie 

(Stamp) 
 China Mobile Communications Group Co., Ltd. 

Legal representative or its authorized representative (signature): s/GAO Songge 

(Stamp)

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