Document:

Consulting Agreement

 Exhibit 10.1 
 NEUROBIOLOGICAL TECHNOLOGIES, INC. 
 CONSULTING AGREEMENT 
 THIS CONSULTING AGREEMENT (the “Agreement”) is made and entered into as of July 1, 2007 (the “Effective
Date”) by and between Neurobiological Technologies, Inc. a Delaware corporation (the “Company”), and Lisa U. Carr, M.D., Ph.D. (the “Consultant”). 
 A. The Company desires to retain the services of the Consultant as a consultant to the Company from the Effective Date. 
 B. The Consultant is willing to be retained by the Company on the terms and subject to the conditions set forth in this Agreement. 
 THE PARTIES AGREE AS FOLLOWS: 
 1.
Services. The Consultant shall perform the services set forth in Exhibit A attached hereto (the “Services”). The Consultant shall not allow any other person or entity to perform any of the Services for or
instead of the Consultant. The Consultant shall comply with the statutes, rules, regulations and orders of any governmental or quasi-governmental authority, applicable to the performance of the Services. 
 2. Terms of Engagement. 
 2.1
Definitions. For purposes of this Agreement, the following terms shall have the following meanings: 
 (a) “Accrued
Expenses” shall mean any appropriate business expenses incurred by the Consultant in connection with the Services provided hereunder, all to the extent unpaid or unreimbursed on the date of termination. 
 (b) “Confidential Information” is all information related to any aspect of the Company’s business which is either
information not known by actual or potential competitors of the Company or is proprietary information of the Company, whether of a technical nature or otherwise. Confidential Information is to be broadly defined and includes but is not limited to
products, inventions, innovations, ideas, discoveries, disclosures, designs, methods, formulas, patterns, compilations, software, databases, programs, trade secrets, works of authorship, developmental or experimental work, systems, devices,
processes, techniques, improvements, know-how, licenses, data, biological or chemical materials, reagents, gene sequences, cell lines, assays, algorithms, data tests, patents, patent applications, trademarks, intellectual properties, instruments,
materials, products, patterns, compilations, programs, techniques, sequences, designs, research or development activities and plans, specifications, computer programs, models, results, analyses, costs of production, prices, budgets, financial
information and forecasts, product plans, marketing plans and strategies, volume of sales, promotional methods, agreements and lists of names or classes of customers or personnel, and lists of suppliers, business plans, business opportunities, or
financial statements. 
  

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 Confidential 

 (c) “Inventions” shall mean any and all products, inventions, innovations,
ideas, discoveries, designs, schematics, formulas, software, databases, algorithms, programs, trade secrets, works of authorship, assays, developmental or experimental work, methods, processes, techniques, improvements, and related know-how and
which are made by Consultant, alone or in combination with others, either on behalf of the Company under this Agreement, or with the use of or as a result of access to Confidential Information or property, including but not limited to any derivative
work which constitutes an improvement or modification to any tangible form of Confidential Information, such as any design, drawing, or product that embodies Confidential Information, and whether or not patentable, copyrightable, or qualified for
other intellectual property protection. 
 2.2 Independent Contractor. The parties hereto understand and agree that the
Consultant is an independent contractor and not an employee of the Company. The Consultant has no authority to obligate or bind the Company by contract or otherwise. The Consultant will not be eligible for any employee benefits, and the Company will
not make deductions from the Consultant’s fees for taxes (except as otherwise required by applicable law or regulation). Any taxes imposed on the Consultant due to activities performed hereunder will be the sole responsibility of the
Consultant. 
 2.3 Term of Service. This Agreement shall continue for a period of eighteen (18) months from the Effective
Date and may not be terminated by the Company, except for cause, or by the Consultant upon thirty (30) days prior written notice, with or without cause. 
 2.4 Termination of Consultant. Upon termination of the Consultant, the Company shall pay the Consultant Accrued Expenses, if any. 
 3. Compensation and Expenses. 
 3.1 Compensation. In consideration of the Services provided pursuant to this Agreement, Consultant shall be paid the consideration set forth on Exhibit A. Consultant shall keep an accurate log of time spent performing
Services and shall submit to the Company an invoice detailing Services rendered. Consultant shall be paid any consulting fees due net thirty (30) days. 
 3.2 Expense Reimbursement. The Company agrees to reimburse the Consultant for all reasonable, ordinary and necessary out-of-pocket travel and other expenses incurred by the Consultant in conjunction with
his services to the Company, which expenses if over $500.00 must be approved in advance in writing by the Company. The Company will reimburse such expenses within thirty (30) days after Consultant has provided to the Company, in form and
substance reasonably satisfactory to the Company, appropriate documentation evidencing such expenses. 
 3.3 Stock Options. To
the extent allowable under the applicable stock option plan, the parties intend that Consultant’s unvested stock options will continue to vest during the Consulting Period. 
  

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 Confidential 

 4. Noncompetition. During the term of this Agreement, the Consultant shall not, directly or
indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, or in any other individual or representative capacity, engage, participate in or perform services for any business that is
in competition with the business of the Company. 
 5. Confidentiality Obligation. 
 5.1 The Consultant will hold all Company Confidential Information in confidence and will not disclose, use, copy, publish, summarize, or remove from the
premises of the Company any Confidential Information, except as necessary to carry out the Consultant’s assigned responsibilities as a Company Consultant. In the event the Consultant is required to disclose any Confidential Information pursuant
to law or government regulation, the Consultant will promptly notify the Company in order to allow the Company the maximum time to obtain protective or confidential treatment of the Confidential Information before it is disclosed. 
 5.2 Confidential Information subject to Section 5.1 does not include information that: (i) is or later becomes available to the public through
no breach of this Agreement by the Consultant; (ii) is obtained by the Consultant from a third party who had the legal right to disclose the information to the Consultant; (iii) is already in the possession of the Consultant on the date
this Agreement becomes effective; or (iv) was developed by the Consultant independent of the performance of the Services. 
 6.
Information of Others. The Consultant will safeguard and keep confidential the proprietary information of customers, vendors, consultants, and other parties with which the Company does business to the same extent as if it were Company
Confidential Information. The Consultant will not use or disclose to the Company any confidential, trade secret, or other proprietary information or material of any previous employer or other person, and will not bring onto the Company’s
premises any unpublished document or any other property belonging to any former or current employer without the written consent of that former or current employer. 
 7. Company Property. All papers, records, data, notes, drawings, files, documents, samples, devices, products, equipment, and other materials, including copies and in whatever form, relating to the
business of the Company that the Consultant possesses or creates as a result of the Consultant’s service to the Company, whether or not confidential, are the sole and exclusive property of the Company. In the event of the termination of the
Consultant’s service to the Company, the Consultant will promptly deliver all such materials to the Company and will sign and deliver to the Company the “Termination Certificate” attached hereto as Exhibit B. 
 8. Ownership of Inventions. Any and all Inventions shall be the property of the Company, and any Inventions which are made by Consultant in
performance of the Services under this Agreement, to the maximum extent permitted by law, shall be “works made for hire.” The Consultant hereby assigns and agrees to assign to the Company or its designee, without further consideration, the
Consultant’s entire right, title, and interest in and to all Inventions, including all rights to obtain, register, perfect, and enforce patents, copyrights, mask work rights, and other intellectual property protection for Inventions. The
Consultant further agrees to disclose 

  

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 Confidential 

 
promptly and in writing to an individual designated by the Company or to the Consultant’s immediate supervisor all Inventions which the Consultant has
made or reduced to practice. During the term of the Consultant’s services to the Company hereunder and for four years after, the Consultant will assist the Company (at its expense) to obtain and enforce patents, copyrights, mask work rights,
and other forms of intellectual property protection on Inventions. 
 9. Prior Contracts. The Consultant represents that except
as disclosed in writing to the Company, (a) there are no other contracts to assign Inventions that are now in existence between any other person or entity and the Consultant, and (b) the Consultant has no employments, consultancies or undertakings
which would restrict or impair the Consultant’s performance of this Agreement. 
 10. Agreements with the United States Government
and Other Third Parties. The Consultant acknowledges that the Company from time to time may have agreements with other persons or with the United States Government or agencies thereof which impose obligations or restrictions on the Company
regarding Inventions made during the course of work under such agreements or regarding the confidential nature of such work. The Consultant agrees to be bound by all such obligations or restrictions and to take any and all action necessary to
discharge the obligations of the Company thereunder. 
 11. Representations and Warranties of the Consultant. The Consultant
represents and warrants that the results of the Services (“Work Product”) will be the sole product of the Consultant’s own efforts; that the Consultant is and shall be the sole and exclusive owner of all rights in such
Work Product, and have the unrestricted right to assign the Consultant’s rights with respect to such Work Product to the Company in accordance with Section 8; and that the use and disclosure of such Work Product by him to the Company will not
infringe upon or violate any patent, copyright, trade secret or other proprietary right of any third party, including without limitation the Consultant’s former or current employers. 
 12. Indemnification. The Consultant agrees to defend, indemnify and hold harmless the Company and its directors, officers, agents and
employees from and against all claims, losses, liabilities, damages, expenses and costs (including reasonable attorney’s fees and costs of litigation regardless of outcome) which result from any breach or alleged breach by the Consultant of any
provision contained in this Agreement or any failure or alleged failure by the Consultant to perform the services required under this Agreement. 
 13. Miscellaneous. 
 13.1 Waiver. The waiver of the breach of any provision of this Agreement shall not
operate or be construed as a waiver of any subsequent breach of the same or other provision hereof. 
 13.2 Notices. All
notices and other communications under this Agreement shall be in writing and shall be given by personal or courier delivery, facsimile or first class mail, certified or registered with return receipt requested, and shall be deemed to have been duly
given upon receipt if personally delivered or delivered by courier, on the date of transmission if transmitted by 

  

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facsimile, or three days after mailing if mailed, to the addresses of the Company and the Consultant contained in the records of the Company at the time of
such notice. Any party may change such party’s address for notices by notice duly given pursuant to this Section 13.2. 
 13.3
Assignment. The rights and liabilities of the parties hereto shall bind and inure to the benefit of their respective successors, heirs, executors and administrators, as the case may be; provided, however, that as the Company has
specifically contracted for the services to be provided by the Consultant hereunder, the Consultant may not assign or delegate the Consultant’s obligations under this Agreement either in whole or in part without the prior written consent of the
Company. 
 13.4 Headings. The section headings used in this Agreement are intended for convenience of reference and shall not
by themselves determine the construction or interpretation of any provision of this Agreement. 
 13.5 Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the State of California applicable to contracts entered into and wholly to be performed within the State of California by California residents. 
 13.6 Injunctive Relief; Consent to Jurisdiction. The Consultant acknowledges and agrees that damages will not be an adequate remedy in the
event of a breach of any of the Consultant’s obligations under this Agreement. The Consultant therefore agrees that the Company shall be entitled (without limitation of any other rights or remedies otherwise available to the Company and without
the necessity of posting a bond) to obtain an injunction from any court of competent jurisdiction prohibiting the continuance or recurrence of any breach of this Agreement. The Consultant hereby submits to the jurisdiction and venue in the federal
district court for the Northern District of California and in the courts of the State of California in San Francisco County, California. The Consultant further agrees that service upon the Consultant in any such action or proceeding may be made by
first class mail, certified or registered, to the Consultant’s address as last appearing on the records of the Company. 
 13.7
Counterparts. This Agreement may be executed in one or more counterparts, all of which taken together shall constitute one and the same Agreement. 
 13.8 Enforcement. If any portion of this Agreement is determined to be invalid or unenforceable, such portion shall be adjusted, rather than voided, to achieve the intent of the parties to the extent
possible, and the remainder shall be enforced to the maximum extent possible. 
 13.9 Survival. Sections 5, 6, 7, 8, 9, 10, 11,
12 and 13 shall survive termination or expiration of this Agreement. 
 13.10 Entire Agreement; Modifications. Except as
otherwise provided herein or in the exhibits hereto, this Agreement represents the entire understanding among the parties with respect to the subject matter of this Agreement, and this Agreement supersedes any and all prior and contemporaneous
understandings, agreements, plans, and negotiations, whether written or oral, with 

  

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respect to the subject matter hereof, including, without limitation, any understandings, agreements, or obligations respecting any past or future
compensation, bonuses, reimbursements, or other payments to the Consultant from the Company. All modifications to the Agreement must be in writing and signed by each of the parties hereto 
 IN WITNESS WHEREOF, the parties hereto have executed this Consulting Agreement as of the date first written above. 
  

			
	NEUROBIOLOGICAL TECHNOLOGIES, INC.
		
	By:	 	 /s/ PAUL E. FREIMAN

		 	(Signature)
		
		 	Paul E. Freiman
		 	(Print Name)
		
		 	President, Chief Executive Officer
		 	(Title)
		
	By:	 	 /s/ CRAIG W. CARLSON

		 	(Signature)
		
		 	Craig W. Carlson
		 	(Print Name)
		
		 	Vice President, Chief Financial Officer
		 	(Title)
	
	“CONSULTANT”
	Lisa U. Carr, M.D., Ph.D.
		
	By:	 	 /s/ LISA U. CARR

		 	(Signature)

  

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 Confidential 

 EXHIBIT A 
  

					
			
	Name and Address of Consultant:	  	Lisa U. Carr, M.D., Ph.D.	  	
		  	18655 Foss Hill Road	  	
		  	Calistoga, California 94515	  	
			
	Phone Number:	  	707-942-1174	  	
			
	Fax Number:	  	707-942-1174	  	
			
	E-mail address:	  	leehound@aol.com	  	
			
	Tax ID Number:	  	                                      
                                      	  	

  

											
	 1.      DESCRIPTION OF SERVICES (Statement of
Work):
  
 a.      Consultant will provide consulting services related to cardiovascular and medical issues including, but not limited to, review of materials, attendance at meetings, conference call participation and
other services as requested by NTI.
  
 b.      During the term of this Agreement, Consultant will work with Paul Freiman, President and Chief Executive Officer, and his designees.
  
 2.      CONSULTING FEES
(Payment Terms):
  
 a.      Company will compensate Consultant on an hourly basis, in the amount of Two Hundred Fifty Dollars ($250.00) per hour, not to exceed Forty-eight Thousand Dollars ($48,000.00) for the time Consultant
spends on Services.
  
 b.      If required to travel by the Company, travel time will be reimbursed at 50% of the hourly rate for actual travel time.
  
 c.      The Consultant will invoice Company according to the terms of Section 3 of the
Agreement.
  

	 d.      Invoices are to be sent to:
	  	 Accounts Payable
 Neurobiological
Technologies, Inc.
 2000 Powell Street, Suite 800
 Emeryville,
California 94608
	  		  	
		  	 Phone:
 Fax:
	  	 510-595-6000
 510-595-6006
	  		  		  	
					
		  		  	INITIALS:	  	                            
(Company)	  	
		  		  		  	                            
(Consultant)	  	

  

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 EXHIBIT B 
 TERMINATION CERTIFICATE 
 This is to certify that I do not have in my possession, nor have I failed to
return, any papers, records, data, notes, drawings, files, documents, samples, devices, products, equipment, designs, computer programs, and other materials, including reproductions of any of the aforementioned items, belonging to Neurobiological
Technologies, Inc., its subsidiaries, affiliates, successors, or assigns (together, the “Company”). 
 I further
certify that I have complied with all the terms of the Company’s Consulting Agreement signed by me, including the reporting of any Inventions (as defined therein) conceived or made by me (solely or jointly with others) covered by that
agreement. 
 I further agree that, in compliance with the Consulting Agreement, I will hold in confidence and will not disclose, use, copy,
publish, or summarize any Confidential Information (as defined in the Consulting Agreement) of the Company or of any of its customers, vendors, consultants, and other parties with which it does business. 
  

			
	 Date:
                            
	 	
		
		 	  

		 	Signature
		
		 	  

		 	Print Name

  

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 ConfidentialEquity Transfer Agreement

 EXHIBIT 4.75 
 KONG YI 
 ZHANG WEI 
 and 
 BEIJING LEI TING WAN JUN NETWORK TECHNOLOGY COMPANY LIMITED 
 SHARE TRANSFER AGREEMENT 
 on

 BEIJING HUAN JIAN SHU MENG 
 NETWORK TECHNOLOGY LIMITED 

 SHARE TRANSFER AGREEMENT 
 This SHARE TRANSFER AGREEMENT (“Agreement”) is made on January 4th, 2006 in Beijing by and among: 
  

	(1)	Party A: KONG YI (hereinafter referred to as “Party A”), Chinese citizen, who lives at Room 502, Floor 2, Unit 5, Building 10, Hua Xing Yuan Block, Beijing, and whose ID
number is 132821197301270476; 

  

	(2)	Party B: ZHANG WEI (hereinafter referred to as “Party B”), Chinese citizen, who lives at astronomical observatory, Zi Jin Shan, Xuan Wu District, Nanjing, and whose ID
number is 320923197504080316; and 

  

	(3)	Party C: BEIJING LEI TING WAN JUN NETWORK TECHNOLOGY COMPANY LIMITED (hereinafter referred to as “Party C”), a limited liability company incorporated and existing under
the laws of the PRC, with its registered office at the RoomC-610 No.18, Xi Nan Huan Road, Beijing Economic- Technology Development Area, Beijing, the communication address is Floor 8, West Three Building, East Economic and Trade City, East Plaza,
No. 1, Dong Chang An Road, Dong Cheng District, Beijing (Postal Code 100738) 

 In this Agreement, each of Party A, Party B and Party C
shall be hereinafter individually referred to as a “Party” and collectively the “Parties”. 
 WHEREAS: 
  

	 	 (A)
	 Beijing Huan Jian Shu Meng Network Technology Limited (hereinafter referred to as “HJSM”) is a limited
liability company jointly invested and established by Party A and Party B. HJSM was established on June 5th,
2003 with the registered capital of RMB 100 thousand yuan, with its registered office at Room A, Floor 10, Building 1, Shang Di International Science and Technology Investment Garden, No.2, Hai Dian District, Beijing. 30% of shares is owned by
Party A and 70% of shares is owned by Party B; 

  

	 	(B)	HJSM owns Huan Jian Shu Meng website (domain name is www.hjsm.net, hereinafter referred to as “HJ Net”), HJ Net is an internet original created literature website, which
is mainly about original created novels, it also has business of paid reading and selling electronic books and so on. 

  

	 	(C)	Party A hereby wishes to sell to Party C and Party C hereby wishes to purchase from Party A 33% of HJSM shares under the terms and conditions of this Agreement; Party C hereby
wishes to sell to Party C and Party C hereby wishes to purchase from Party B 27% of HJSM shares under the terms and conditions of this Agreement. Party A and Party B sell 60% in total of HJSM shares to Party C. 

 NOW THEREFORE, it is hereby agreed as follows: 
  

	1.	Transfer of the Shares 

  

	 	1.1	Party A agrees to sell to Party C and Party C hereby agrees to purchase from Party A 33% of HJSM shares at the price of RMB 6.6 million yuan. Party B agrees to sell to Party C
and Party C hereby agrees to purchase from Party B 27% of HJSM shares at the price of RMB 5.4 million yuan. 

  

	 	1.2	Party C shall pay for the share transfer price to Party A and Party B subject to Article 5 hereof. 

  

	2.	Representations and Warranties by Party A and Party B 

  

	 	2.1	Party A hereby represents and warrants that: 

  

	 	2.1.1	Party A is a Chinese citizen with Chinese nationality; 

  

	 	2.1.2	The execution and performance of this Agreement shall not violate any law, contract or other legal documents that has binding force or influence on Party A;

  

	 	2.1.3	This Agreement constitutes the legitimate, valid and binding obligations on the Party A upon execution; 

  

	 	2.1.4	Party A has the complete, valid and full title to the shares transferred to Party C under this Agreement. Such title is free of any mortgage, other security interest and third party
interest. 

  

	 	2.2	Party B hereby represents and warrants that: 

  

	 	2.2.1	Party B is a Chinese citizen with Chinese nationality; 

  

	 	2.2.2	The execution and performance of this Agreement shall not violate any law, contract or other legal documents that has binding force or influence on Party B;

  

	 	2.2.3	This Agreement constitutes the legitimate, valid and binding obligations on the Party B upon execution; 

  

	 	2.2.4	Party B has the complete, valid and full title to the shares transferred to Party C under this Agreement. Such title is free of any mortgage, other security interest and third party
interest. 

  

	 	2.3	Party A and Party B shall be responsible for any loss Party C incurred from the incompliance with facts of the representations and warranties under the aforesaid Article 2.1,
Article 2.2. 

	3.	Representations and Warranties by Party C 

  

	 	3.1	Party C hereby represents and warrants that: 

  

	 	3.1.1	Party C is a limited liability company incorporated and existing under the laws of the PRC; 

  

	 	3.1.2	The execution and performance of this Agreement shall not violate any law or contract that has binding force or influence on Party C; 

  

	 	3.1.3	This Agreement constitutes the legitimate, valid and binding obligations on the Party C upon execution. 

  

	 	3.2	Party C shall be responsible for any loss Party A or Party B incurred from the incompliance with facts of the representations and warranties under the aforesaid Article 3.1.

  

	4.	Representations and Warranties by Party A and Party B with Regard to HJSM 

  

	 	4.1	Party A and Party B hereby warrants that: 

  

	 	 4.1.1
	 Party A and Party B has provided Party C with all the financial statements as of November 30th, 2005 and other necessary documents and materials with respect hereto (hereinafter referred to as the “Financial
Statements”). Party A and Party B hereby confirms that all such Financial Statements precisely reflect the financial and other status of HJSM as of November 30th, 2005; 

  

	 	4.1.2	HJSM is an enterprise legal person registered and validly existing in China with good standing; 

  

	 	 4.1.3
	 There is no significant negative change in HJSM’s business operation, performance, financial or asset statement,
law and so on since June 5th, 2003 when HJSM was established; 

  

	 	4.1.4	HJSM has never set any mortgage, other security or third party interest on any asset owned by HJSM; 

  

	 	4.1.5	The business operation of HJSM has never and shall not infringe any legitimate interest or right of any third party, including but not limited to, patent, trademark, copyright and
other similar rights; 

	 	4.1.6	Party A, Party B and HJSM have never been engaged or participated in any activity against any law or regulation from which HJSM may or shall incur the possible cancellation of
business license, penalty or other legal or administrative penalty substantially affecting HJSM’s business operation; 

  

	 	4.1.7	Party A, Party B and HJSM have never been involved in any settled or pending litigation, arbitration, investigation or administrative proceedings against HJSM;

  

	 	4.1.8	There is no unsettled credit or indebtedness between Party A, Party B and HJSM and Party C shall not inherit any indebtedness of HJSM on Party A, Party B’s part due to the
share transfer hereunder; 

  

	 	 4.1.9
	 HJSM has made full payment for all the due indebtedness, loan, tax, tax penalty, penalty interest and charges. The
Financial Statements have specified all the indebtedness, loan or outstanding tax of HJSM as November 30th,
2005; 

  

	 	4.1.10	HJSM has never violated any material agreement as one party thereto or any liability due to any of its representations, warranties, compensation or other matters;

  

	 	4.1.11	HJSM has never executed any contract or document that has or may have negative influence on its business, profit or asset structure other than those contracts disclosed to Party C.

  

	 	4.2	Party A and Party B hereby represent and warrant the articles now published on the HJ Net: 

  

	 	4.2.1	As for the original created literatures published before the finishing date of the share transfer (hereinafter referred to “Finishing Date”) under this Agreement, HJ Net
has made relevant explanation and regulation for the original creative of the articles when accepting the contribution of the authors, authors will take the responsibility if articles breaching the regulations and in the meantime, HJ Net will make
the corresponding articles removing procedures to the breaching ones. 

  

	 	4.2.2	As for the original created literatures published before the Finishing Date, HJ Net has made relevant explanation and regulation for the legitimacy of the articles when accepting
the contribution of the authors, authors will take the responsibility if articles breaching the regulations, until now there are no government investigations and charging received; 

  

	 	4.2.3	The original created literatures published before the Finishing Date have obtained the authorization from corresponding copyright holder, and the articles which have copyright
objection or authorization objection have been removed. 

	 	4.3	Party A and Party B hereby warrant for the original code and web page design of the HJ Net: 

  

	 	4.3.1	The original code of the web page of HJ Net does not infringe the original code of other websites. 

  

	 	4.3.2	Web page design of HJ Net does not infringe any third party’s copyright and other rights. 

  

	 	4.4	Party A and Party B hereby warrant to transfer the following documents including but not limited to Party C before the Finishing Date of the share transfer:

  

	 	4.4.1	Authors who have signed the contract with HJ Net and database of the articles; 

  

	 	4.4.2	Database of Normal users and VIP users of HJ Net; 

  

	 	4.4.3	Procedures, domain name of HJ Net; 

  

	 	4.4.4	All the contracts’ list and contracts’ original copies of the article publishing, article printing, advertising business, wireless value added business, media cooperation
and so on of HJ Net before the Finishing date of the share transfer. 

  

	 	4.5	Party A and Party B hereby warrant the using domain name (www.hjsm.net) of HJSM: 

  

	 	4.5.1	This domain name does not infringe any rights of any third party; 

  

	 	4.5.2	As of the Finishing Date, the duly registration fee or other relevant fee have all been paid under this domain name. 

  

	 	4.6	Party A and Party B warrant, if HJSM has incurred any loss because it does not obtain any approval, license, registration certificate, registration needed by business operation now,
they will solve and compensate for any loss Party C and/or HJSM incurred. 

  

	 	4.7	Party A and Party B warrant, if employees or contract workers of HJSM (herein referred to employees or contract workers before the Finishing Date of share transfer under this
Agreement) have any labor disputes or contract disputes with HJSM, they will solve and compensate for any loss Party C and/or HJSM incurred. 

  

	 	4.8	Party A and Party B shall undertake all the economic and legal liabilities arising out of the representations and warranties under the foregoing Article 4.1 to Article 4.7 and
compensate for any loss Party C incurred from any violation thereof. 

  

	5.	Payment of Share Transfer Price 

  

	 	5.1	Party C shall purchase 33% of HJSM shares from Party A in compliance with Article 1 hereof and pay for the share transfer price according to Article 5 hereof, provided that all the
representations and warranties by Party A under Article 2 and Article 4 hereof are true and accurate on and before the date they are made till the date when the payment is made; Party C shall purchase 27% of HJSM shares from Party B in compliance
with Article 1 hereof and pay for the share transfer price according to Article 5 hereof, provided that all the representations and warranties by Party B under Article 2 and Article 4 hereof are true and accurate on and before the date they are made
till the date when the payment is made. 

	 	5.2	Party C shall pay to Party A for the first share transfer payment, i.e. RMB 6 million yuan within fifteen business days (any day (excluding Saturday and Sunday) on which banks
are generally open in PRC for the transaction of normal banking business) after the satisfaction of the foregoing Article 5.1 and all the following conditions; Party C shall pay to Party B for the first share transfer payment, i.e. RMB
5 million yuan in cash. 

  

	 	5.2.1	The legal due diligence, financial due diligence of this HJSM share transferring are all finished, and all the relevant legal due diligence, financial due diligence and legal
opinion have been executed; 

  

	 	5.2.2	The shareholders and board of HJSM have passed the resolution on approving Party A of transferring its 33% of HJSM shares to Party C and Party B waives its right of first refusal
against such transfer; 

  

	 	5.2.3	The shareholders and board of HJSM have passed the resolution on approving Party B of transferring its 27% of HJSM shares to Party C and Party A waives its right of first refusal
against such transfer; 

  

	 	5.2.4	Parties have executed this Agreement and the newly modified articles of association under Article 12 hereof; 

  

	 	5.2.5	Parties have registered with the original industrial and commercial administration for alteration of shareholders and amendment to the articles of association; and

  

	 	5.2.6	In respect of the domain name of HJSM www.hjsm.net (hereinafter referred to “Domain Name”) is now owned by Wang Guang Wen and registered under his personal name, Party A
and Party B warrant that Wang Guang Wen should transfer the Domain Name to HJSM without any charge, and finish the registration alteration. 

  

	 	5.3	 In half a year after finishing registration alternation in industrial and commercial administration according to Article 5.2.5 (the date signed by industrial and
commercial administration on new business license is the criterion), and Party A and 

	 	 
Party B have not violate any articles in the Agreement, Party C will pay the outstanding share transfer payment in one month after the due time, that is
Party C will pay the outstanding RMB 600 thousand yuan to Party A and Party C will pay the outstanding RMB 400 thousand yuan to Party B. 

  

	6.	Equity Ratio after the Share Transfer 

  

	 	6.1	After the share transfer regulated in Article 1 and Article 5, Party A shall own 22% of HJSM shares; Party B shall own 18% of HJSM shares; Party C shall own 60% on HJSM shares.

  

	 	6.2	The Parties agree that Party A, Party B and Party C may share the profit of HJSM severally in proportion to 22%, 18%, 60% of the shares since the new articles of association of HJSM
comes into effect. The relevant risks are also shared in proportion hereto. 

  

	7.	Increasing Capital Accumulation Funds after the Share Transfer 

  

	 	7.1	Parties agree in 30 working days after finishing the registration alternation of 60% share transfer in industrial and commercial administration according to Article 1, Article 5 and
Article 6, Party C will increase investment of RMB 10 million yuan as the capital accumulation funds of HJSM. Parties agree after finishing increasing capital accumulation funds of HJSM, Party C will increase holding 15% shares of HJSM, Party A
will own 13.75% of HJSM shares, Party B will own 11.25% of HJSM shares. 

  

	 	7.2	Party A, Party B and Party C will cooperate to conduct the affairs of above increasing capital accumulation funds of HJSM and the corresponding registration alternation procedures,
if it is necessary, Parties shall sign the separate concrete contract or legal document to have detailed arrangement. 

  

	8.	HJSM Management after the Share Transfer 

  

	 	8.1	Kong Yi need to sign 2 years employed contract with HJSM before the completion of share transfer under this Agreement, the pattern of the employed contract is provided by Party C.

  

	 	8.2	After the share transfer, HJSM will re-establish the Board, the Board will be consisted of 3 directors, 1 appointed by Party A, 1 appointed by Party B, 2 appointed by Party C.

  

	 	8.3	After the share transfer, Party C will appoint Financial Director of HJSM, taking responsibility of the financial affairs of HJSM. 

  

	9.	Trademark Registration 

  

	 	9.1	In respect of the trademarks “Huan Jian” and “Huan Jian Shu Meng” used by HJSM now (hereinafter referred to “Unregistered Trademark”) have not been
registered as registered trademark, Party A, Party B and Party C agree, in 2 weeks after the execution of this Agreement, HJSM shall submit trademark registration application of the Unregistered Trademark and other relevant trademark to
corresponding government department. 

	10.	Non-Competition Warranty 

  

	 	10.1	Kong Yi, Zhang Wei warrant, other than the written approval from Party C, Kong Yi and Zhang Wei will not take participate in any type of competitive business with HJ Net when they
are the shareholders and in 18 month after being the shareholders of HJSM (the competitive business here referred to the same or similar literature website service with HJ Net), including but not limited to: 

  

	 	10.1.1	Other companies which Kong Yi, Zhang Wei directly or indirectly control will not use any methods to invest in or indirectly control, purchase stocks from any enterprises or other
any institutions which have competitive business with HJ Net. Spouse, parents, children of Kong Yi, Zhang Wei invest, control or indirectly invest, control the enterprise, institution which have competitive business with HJ Net will be deemed as
Kong Yi and Zhang Wei’s personal behavior; 

  

	 	10.1.2	Kong Yi and Zhang Wei will not take position in any enterprise, institution which have or may have competitive business with HJ Net, or provide consult in such enterprise,
institution. Spouse, parents, children of Kong Yi, Zhang Wei take position in any enterprise, institution which have or may have competitive business with HJ Net will be deemed as Kong Yi and Zhang Wei’s personal behavior.

  

	11.	Share of Relevant Tax and Expenses 

  

	 	11.1	Party A and Party B shall be liable for all the relevant tax legal responsibility of HJSM before the Finishing Day of share transfer. 

  

	 	11.2	Party A and Party B shall pay all the relevant tax of the share transfer business and undertake the relevant legal responsibility according to the national law and regulation. As
for the tax which Party A and Party B shall pay to the tax department for the share transfer, Party C is entitled to withhold and remit. 

  

	 	11.3	HJSM shall pay all the relevant expenses incurred during the share transfer, but each Party shall pay the lawyer fee and the other counseling expenses severally.

  

	 	11.4	Each Party shall undertake any and all the transfer and registration tax, stamp tax and expense incurred or collected during their preparation, execution and performance of this
Agreement. 

	12.	New Articles of Association 

  

	 	12.1	Party A, Party B and Party C shall jointly amend and execute a new or modified articles of association of HJSM as a substitute for the current one after this Agreement takes effect.
The new or modified articles of association of HJSM shall come into effect upon the execution by Party A, Party B and Party C. 

  

	13.	Confidentiality 

  

	 	13.1	Each Party admits and confirms any verbal or written information exchanged through the business under this Agreement is confidentiality (including but not limited to the content of
the Agreement). 

  

	 	13.2	Both Parties shall keep them confidential, and shall not disclose such confidential information to any third party without the prior written consent of the other party except that:
(a) such information has been disclosed or is to be disclosed to the public (except being disclosed to the public by the information recipient without the consent of the other party); (b) such information shall be disclosed to the public
in accordance with the Hong Kong laws or the regulations or practices of the Hong Kong Stock Exchanges; or (c) such information need to be disclosed to the legal counsel or the financial advisor who shall bear the confidential obligations.

  

	14.	Covenants on Necessary Actions 

  

	 	14.1	The Parties hereby agree to effectively satisfy the terms of this Agreement by any covenant, including further actions, execution and submission of additional documents.

  

	15.	Dispute Resolution 

  

	 	15.1	The effectiveness, construction and performance of this Agreement shall be governed by PRC laws. 

  

	 	15.2	All disputes arising out of the performance of this Agreement shall be resolved by the Parties through friendly consultation. Should the Parties fail to reach an agreement, such
dispute shall be referred to the China International Economics and Trade Arbitration Commission for resolution by arbitration, in accordance with its then-effective arbitration rules. The arbitration shall be performed in Beijing. The award shall be
final and binding on both Parties. 

	16.	Agreement’s Integrality, Transfer, Partition, Modification and Termination 

  

	 	16.1	This Agreement constitutes the identical agreement between the Parties in connection with the subject matter, namely, the share transfer under this Agreement and supersedes all
agreements or documents in relation hereto between the Parties, whether oral or written. 

  

	 	16.2	Any Party can not transfer its all or part rights of obligations under this Agreement without other Party’s consent, except other regulations of the Agreement.

  

	 	16.3	If any provision(s) of this Agreement is held to be invalid, illegal or unenforceable subject to any law or regulations, then such provision shall not affect or derogate the
validity, legality or enforceability of the remaining provisions. The Parties shall negotiate in good faith to strive to replace the invalid, illegal or unenforceable provisions by valid substitute provisions, the effect of which shall be as close
as possible to the economic effect of those invalid, illegal or unenforceable provisions. 

  

	 	16.4	It is required to execute a written agreement by all Parties for any amendments and modifications to this Agreement shall. 

  

	 	16.5	The Agreement will terminate according to the following: 

  

	 	16.5.1	Parties agree to terminate this Agreement; 

  

	 	16.5.2	If one Party (hereinafter referred to “Breaching Party”) significantly violate the obligations under this Agreement, and do not change in 21 days after receiving other
Party’s (hereinafter referred to “Observant Party”) notification, the Observant Party is entitled to terminate the Agreement in any time; 

  

	 	16.5.3	The Agreement will terminate according to the law and regulation or the judgment, determination or decision from the jurisdiction of a competent court or arbitration commission.

  

	17.	Force Majeure 

  

	 	17.1	If any Party’s performance are influenced by the force majeure event (force majeure event means the influenced Party can not reasonably control, can not expect or even has
expected but can not avoid or overcome, and such event happens after the execution of the Agreement, and making the influenced Party’s performance of the Agreement is objectively impossible or become unrealistic (including still can not perform
after spending reasonable expense). Such event including but not limited to flood, fire, drought, storm, earthquake and other natural disaster, infectious disease, strike, disturbance, rebellion and war (no matter whether it has announced the war)
and the action and omission of the government department), and can not perform all or part of the obligation under this Agreement, the performance of this obligation shall suspend in the period of this force majeure event obstructing its
performance. 

	 	17.2	The Party who claim has influenced by the force majeure event shall notify the other Party in written form as soon as possible, and use messenger or registered air mail to provide
the appropriate proof of such force majeure event and the lasting period in 15 days after the force majeure event happening. The Party who claim the performance of this Agreement has become objectively impossible or unrealistic shall eliminate or
relieve the influence of such force majeure event by all reasonable means. 

  

	 	17.3	When the force majeure event occurs, Parties shall decide how to perform this Agreement through friendly consultation. After the termination or elimination of the force majeure
event or its influence, Parties shall decide to resume immediately or terminate performing each other’s obligations under the Agreement through common agreement. 

  

	18.	Effectiveness 

  

	 	18.1	This Agreement shall become effective upon execution by the Parties in six counterparts, one held by each Party, one for alteration registration with industrial and commercial
administration, and one retained by HJSM. Each counterpart shall be equally authentic. 

  

	 	18.2	In witness whereof, this Agreement has been duly executed on the day and year first above written. 

 (No articles in this page) 

			
	Party A:	 	Kong Yi
		
	Signature:	 	  

		
	Party B:	 	Zhang Wei
		
	Signature:	 	  

		
	Party C:	 	Party C: Beijing Lei Ting Wan Jun Network Technology Company Limited
	
	Legal representative:
		
	Signature:	 	  

		
	Seal:

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