Document:

Exhibit 10.8

 

Amended and Restated Intellectual Property Rights License Agreement

 

This Intellectual Property License Agreement (this “Agreement”), dated December 25, 2013, is made in Beijing, People’s Republic of China (the “PRC”) by and among:

 

Party A: Beijing Jingdong Century Trade Co., Ltd.

Registered address: Room B168, Building 2, No. 99, Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing

 

Party B: All Party A’s wholly-owned subsidiaries listed in Schedule 1

 

Party C: Beijing Jingdong 360 Degree E-Commerce Co., Ltd.

Registered address: Room B168, Building 2, No. 99, Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing

 

(Party A and Party B are collectively referred to as “Licensor” hereinafter; Party C is referred to as “Licensee” hereinafter; and either the Licensor or the Licensee is individually referred to as a “Party” and collectively referred to as the “Parties”. )

 

Whereas,

 

(1)                       Party A is a wholly foreign owned company duly incorporated and existing under the laws of the PRC, in Beijing, PRC, and Party B is the wholly owned subsidiary of Party A inside the PRC. The Licensor owns the intellectual properties which are registered in the PRC;

 

(2)                       The Licensee is a limited liability company incorporated and existing under the laws of the PRC;

 

(3)                       Party A together with Shanghai Yuanmai Trading Co., Ltd., Guangzhou Jingdong Trading Co., Ltd. and Chengdu Jingdong Century Trading Co., Ltd. as companies from Party B and the Licensee entered into an Intellectual Property License Agreement on May 29, 2012 (referred to as “Original License Agreement”);

 

(4)                       The Licensor agrees to grant the Licensee, and the Licensee agrees to be granted, the right to use the intellectual properties owned by the Licensor in accordance with

 

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the  terms and conditions of this Agreement. The Licensor and the Licensee agree to make this Agreement to substitute the Original License Agreement.

 

NOW, THEREFORE, the Parties hereby agree as follows through negotiations:

 

1.                         Grant of License

 

1.1                   Intellectual Property License

 

The Licensor agrees to grant the Licensee, and the Licensee agrees to be granted the license in connection with the intellectual properties currently owned and obtained from time to time by the Licensor in accordance with the terms and conditions hereof (“Licensed IP”). The license of intellectual properties hereunder is neither sole license nor exclusive license. The Licensor will deliver the Licensee in the form of written notice a list of Licensed IPs signed or affixed with seals by the Licensor. The Licensor is entitled, whenever it deems appropriate, to update the Licensed IPs list from time to time according to the intellectual properties owned by the Licensor. The detail of the Licensed IPs set out in the latest list issued by the Licensor shall prevail.

 

1.2                   Scope

 

1.2.1                     The right to use the Licensed IP granted to the Licensee hereunder is valid only within the scope of Internet information services business operated by the Licensee and other businesses operated by it within its business scope. The Licensee agrees not to, in any other way, directly or indirectly use or grant the other person to use the abovementioned Licensed IP, unless otherwise specified herein.

 

1.2.2                     The license granted to the Licensee hereunder is only valid inside the PRC. The Licensee agrees not to directly or indirectly use or grant the other person to use the abovementioned Licensed IP outside the PRC. In this Agreement, PRC means the People’s Republic of China; For the purpose of this Agreement, PRC does not include the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan.

 

2.                        Royalty

 

The Licensee agrees to pay the royalty in connection with the Licensed IP to the Licensor. Details of the royalty including the calculation and payment methods are listed in Schedule 3 hereto.

 

3.                        Update of the corporate entities listed in Schedule 1

 

3.1                     Each Party acknowledges that, the wholly-owned subsidiaries of Party A as listed in Schedule 1, which own the intellectual properties registered in PRC, may be updated from time to time according to the actual requirement of operation of Party A as well as changes in the objective circumstances. Each Party acknowledges that, any update of Schedule 1 of this Agreement shall be made in written form affixed with Party A’s signature or seal.

 

3.2                     With respect to the wholly-owned subsidiary of Party A added after the update, Party A shall procure its execution of a written confirmation letter, the content and form of which shall be substantially the same as Schedule 2 to this Agreement, so as to confirm Licensor’s obligations under this Agreement. Each Party acknowledges that, the wholly-owned subsidiary of Party A added after the update shall become a party to this Agreement and undertakes the obligations and enjoys the rights of the Licensor under this Agreement upon its execution of the confirmation letter.

 

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4.                        Goodwill

 

The Licensee recognizes the value of the goodwill in connection with the Licensed IP, and confirms that the Transferred IP and its related rights, as well as the goodwill in connection with the Transferred IP and its related rights, are owned only by the Licensor, and the Licensed IP has its subordinate meanings in the impression of the public.

 

5.                        Confidentiality

 

5.1                   The Licensee shall keep confidential any and all confidential data and information of the Licensor known or accessed to by it due to the grant of the afore said license of IP (“Confidential Information”). Upon the termination of this Agreement, the Licensee shall return any and all document, material or software bearing any Confidential Information to the Licensor upon its request, or destroy such Confidential Information from any storage devices, and should stop using such Confidential Information. Without the written consent of the Licensor, the Licensee should not disclose, provide or transfer any such Confidential Information to any third party.

 

5.2                   The Parties agree that this Article 5 hereof shall survive the change, cancellation or termination of this Agreement.

 

6.                         Warranties

 

6.1           The Licensor represents and warrants as follows:

 

6.1.1                       Each Licensor is a company duly registered and validly existing under the laws of the PRC;

 

6.1.2                       The Licensor has signed and performed this Agreement within its corporate authority and business scope; has taken necessary corporate actions to grant duly authority and obtained the consent and approval from the third party and competent authorities, and has not breached any law or contract with binding effect on it;

 

6.1.3                       Upon its duly execution, this Agreement will constitute legal, effective and binding obligations upon the Licensor and shall be enforceable against it;

 

6.1.4                       The Licensor has the ownership and sole use right with respect to the Licensed IP hereunder.

 

6.2           The Licensee represents and warrants as follows:

 

6.2.1                       The Licensee is a company duly registered and validly existing under the laws of the PRC;

 

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6.2.2                     The Licensee has signed and performed this Agreement within its corporate authority and business scope; has taken necessary corporate actions to grant duly authority and obtained the consent and approval from the third party and competent authorities, and has not breached any law or contract with binding effect on it;

 

6.2.3                     Upon its duly execution, this Agreement will constitute legal, effective and binding obligations upon the Licensee and shall be enforceable against it.

 

7.                         Right to Grant License and Protection of Licensor’s Rights

 

7.1                   The Licensee agrees that it will not hold any doubt about the Licensor’s ownership and other related rights in connection with the abovementioned IP during the term of this Agreement and after the expiry hereof, and will not take any action which may, according to the Licensor, impair such rights and licenses.

 

7.2                   The Licensee agrees to provide any assistance necessary for protecting the Licensor’s rights with respect to the IP hereunder. Once any third party raise any claim regarding the IP, the Licensee may at its own discretion respond to the claim under its name, the name of the Licensee or the both Parties’ name. If any third party infringes the IP rights mentioned hereunder, the Licensee shall immediately notify the Licensor in writing of such infringement of the IP rights mentioned hereunder, and only the Licensor has the right to decide whether to take any action against such the infringement.

 

7.3                   The Licensee agrees to use the IP in accordance with this Agreement, and will not use such IP in any way which is untrue or misleading, according to the Licensor, or will impair the IP or goodwill of the Licensor.

 

8.                        Product Quality

 

The Licensee shall make endeavors to improve the quality of it business operation, to protect and enhance the goodwill and reputation of abovementioned IP.

 

9.                        Promulgation

 

In any circumstance, if the Licensee need to use any promulgation materials with respect to the IP, then the costs of making such materials shall be borne by the Licensee. The Licensor is the exclusive and sole owner of the copyright and other intellectual properties in connection with the promulgation materials with respect to the IP hereunder, no matter such promulgation materials may be invented or used by the Licensor or the Licensee. The Licensee agrees not to promulgate or advertise the IP hereunder through broadcasting, on TV, newspaper, magazine, Internet or any other media without the prior written approval from the Licensor.

 

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10.                  Effectiveness and Term

 

10.1       This Agreement becomes effective on the date first written above, and will supersede the Original License Agreement reached by the Parties prior to the execution of this Agreement. The Parties hereby confirm that the Original License Agreement remain effective from May 29, 2012 to the effectiveness hereof. The term of this Agreement is ten (10) years unless otherwise terminates early.

 

10.2       The Licensor and the Licensee shall, upon the execution of this Agreement, review the content of this Agreement every twelve (12) months, to decide whether any amendment or supplement needs to be made to this Agreement according to then situations.

 

10.3       This Agreement may be extended before expiring, with the written consent from the Licensor. The extended term is ten (10) years or any other period mutually confirmed by the Parties. The Licensee has no right to confirm whether this Agreement shall be extended.

 

11.                 Record

 

Based on use of the Licensed IPs, the Licensor may deliver a copy of this Agreement to competent authorities of the PRC for record after the execution hereof. All the Parties shall provide cooperation necessary for completion of the record formalities if such authorities require related Parties to execute any other documents or take any other actions.

 

12.                 Termination

 

12.1               This Agreement shall be terminated on the expiring date unless it is renewed in accordance with the relevant provisions herein.

 

12.2               During the term hereof, in no event shall Party B terminate this Agreement earlier, unless Party A commits gross negligence, fraud or other illegal action, or goes bankrupt. Notwithstanding the above stipulation, Party A shall have the right to terminate this Agreement at any time by issuing a thirty (30) days’ prior written notice to Party B.

 

12.3               After the termination of this Agreement, the respective rights and obligations of the Parties under Articles 6 hereof shall nonetheless remain valid.

 

13.                 Default

 

If either Party (“Defaulting Party”) breaches any provision of this Agreement, which causes damage to other Parties (“Non-defaulting Party”), the Non-defaulting Party could notify the Defaulting Party in writing and request it to rectify and correct such breach of contract; if the Defaulting Party fails to take any action satisfactory to the Non-defaulting Party to rectify and correct such

 

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breach within fifteen (15) days upon the issuance of the written notice by the Non-defaulting Party, the Non-defaulting Party may take the actions pursuant to this Agreement or take other remedies in accordance with the laws.

 

14.                 Force Majeure

 

14.1                 “Force Majeure Event” shall mean any event beyond the reasonable controls of the Party so affected, which are unpredictable, unavoidable, irresistible even if the affected Party takes a reasonable care, including but not limited to governmental acts, Act of God, fires, explosion, geographical variations, storms, floods, earthquakes, morning and evening tides, lightning or wars, riot, strike, and any other such events that all Parties have reached a consensus upon. However, any shortage of credits, funding or financing shall not be deemed as the events beyond reasonable controls of the affected Party.

 

14.2              In the event that the performance of this Agreement is delayed or interrupted due to the said Force Majeure Event, the affected Party shall be excused from any liability to the extent of the delayed or interrupted performance. The affected Party which intends to seek exemption from its obligations of performance under this Agrement or any provision of this Agreement shall immediately inform the other Party of such a Force Majeure Event and the measures it needs to take in order to complete its performance.

 

15.                 Notices

 

Unless a written notice is issued to change the addresses below, notices or other communications required to be given by any Party pursuant to this Agreement shall be made in writing and delivered personally or sent by mail or facsimile transmission to the addresses of the other Parties set forth below or other designated addresses  notified by such other Parties to such Party from time to time. The date when the notice is deemed to be duly served shall be determined as the follows: (a) a notice delivered personally is deemed duly served upon the delivery; (b) a notice sent by mail is deemed duly served on the seventh (7th) day after the date when the air registered mail with postage prepaid has been sent out (as is shown on the postmark), or the fourth (4th) day after the delivery date to the internationally recognized courier service agency; and (c) a notice sent by facsimile transmission is deemed duly served upon the receipt time as is shown on the transmission confirmation of relevant documents.

 

If to the Licensor:

 

Beijing Jingdong Century Trading Co., Ltd.

 

The wholly-owned subsidiaries of Party A as listed in Schedule 1.

 

Address:                    Room B168, Building 2, No. 99, Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing

Telephone:      010-82675500

Facsimile:            010-82615208

 

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Attention:Richard Qiangdong Liu

 

If to the Licensee:

 

Beijing Jingdong 360 Degree E-Commerce Co., Ltd.

Address:  Room B168, Building 2, No. 99, Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing

Telephone: 010-82675500

Facsimile: 010-82615208

Attention:Richard Qiangdong Liu

 

16.                 Sub-transfer and Sub-license

 

This Agreement and any rights and obligations granted to the Licensee by the Licensor hereunder should not be transferred, leased, pledged or sub-licensed to any third party without the written consent from the Licensor, and the Licensee should not, in any way, sub-transfer any economic interests in connection with the license, or any rights hereunder to any third party.

 

17.                 Applicable Law and Dispute Resolution

 

17.1              The formation, validity, performance and interpretation of this Agreement and the disputes resolution under this Agreement shall be governed by the PRC laws.

 

17.2              The Parties shall strive to settle any dispute arising from or in connection with this Agreement through friendly consultation.  In case no settlement can be reached through consultation within thirty (30) days after the request for consultation is made by any Party, any Party can submit such matter to China International Economic and Trade Arbitration Commission for arbitration in accordance with its then effective rules. The arbitration shall take place in Beijing. The arbitration award shall be final and binding upon all the Parties.

 

18.                 Miscellaneous

 

18.1              The headings contained in this Agreement are for the convenience of reference only and shall not be used to interpret, explain or otherwise affect the meaning of the provisions of this Agreement.

 

18.2              The Parties agree to promptly execute any document and take any other action reasonably necessary or advisable to perform provisions and purpose of this Agreement.

 

18.3              The Parties confirm that this Agreement shall, upon its effectiveness, constitute the entire agreement and common understanding of the Parties with respect to the subject matters herein and fully supersede all prior verbal and/or written agreements and understandings with respect to the subject matters herein.

 

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18.4              The Parties may amend and supplement this Agreement in writing.  Any amendment and/or supplement to this Agreement duly signed by the Parties is an integral part of and has the same effect with this Agreement.

 

18.5              This Agreement shall be binding upon and for the benefit of all the Parties hereto and their respective inheritors, successors and the permitted assigns.

 

18.6              Any Party’s failure to exercise the rights under this Agreement in time shall not be deemed as its waiver of such rights and would not affect its future exercise of such rights.

 

18.7    If any provision of this Agreement is held void, invalid or unenforceable by a court of competent jurisdiction, governmental agency or arbitration authority, the validity, legality and enforceability of the other provisions hereof shall not be affected or impaired in any way. The Parties shall cease performing such void, invalid or unenforceable provisions and revise such void, invalid or unenforceable provisions only to the extent closest to the original intention thereof to recover its validity or enforceability for such specific facts and circumstances.

 

18.8              Any schedule hereto is an integral part of and has the same effect with this Agreement.

 

18.9              This Agreement is made in twelve (12) originals with each Party holding one (1) original and the remaining originals will be submitted to the relevant PRC authorities for filing.  Each original has the same effect.

 

[No text below]

 

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(Signature Page)

 

IN WITNESS THEREOF, each Party has caused its respective authorized representative to sign this Agreement as of the date first written above.

 

	
Party A: Beijing Jingdong Century   Trade Co., Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
/s/ Beijing Jingdong Century Trade Co., Ltd.
    	
 
    
	
 
    	
(Seal of Beijing Jingdong Century Trade Co., Ltd.)
    	
 
    
	
 
    	
 
    	
 
    
	
Party B:
    	
Shanghai Yuanmai Trading   Co., Ltd.
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Shanghai Yuanmai Trading Co., Ltd.
    	
 
    
	
 
    	
(Seal of Shanghai   Yuanmai Trading Co., Ltd.)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Guangzhou Jingdong   Trading Co., Ltd.
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Guangzhou Jingdong Trading Co., Ltd.
    	
 
    
	
 
    	
(Seal of Guangzhou Jingdong Trading Co., Ltd.)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Beijing Jingdong Century Information   Technology Co., Ltd.
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Beijing Jingdong Century Information   Technology Co., Ltd.
    	
 
    
	
 
    	
(Seal of Beijing Jingdong Century Information Technology Co., Ltd.)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Chengdu Jingdong Century Trading   Co., Ltd.
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Chengdu Jingdong Century Trading Co., Ltd.
    	
 
    
	
 
    	
(Seal of Chengdu Jingdong Century Trading Co., Ltd.)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Jiangsu   Jingdong Information Technology Co., Ltd.
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Jiangsu Jingdong Information Technology   Co., Ltd.
    	
 
    
	
 
    	
(Seal of Jiangsu Jingdong Information Technology   Co., Ltd.)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Beijing Jingdong Shangke   Information Technology Co., Ltd.
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Beijing Jingdong Shangke Information   Technology Co., Ltd.
    	
 
    
	
 
    	
(Seal of Beijing Jingdong Shangke Information Technology Co., Ltd.)
    	
 
    
	
 
    	
 
    	
 
    
	
Party   C:
    	
Beijing Jingdong 360   Degree E-Commerce Ltd. 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Beijing Jingdong 360 Degree E-Commerce   Ltd.
    	
 
    
	
 
    	
(Seal of Beijing Jingdong 360 Degree E-Commerce   Ltd.)
    	
 
    

 

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Signature page for the Intellectual Property License Agreement

 

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Schedule 1

 

List of wholly-owned subsidiaries of Party A owning intellectual properties registered in China

 

	
1.
    	
Shanghai Yuanmai Trading Co., Ltd.
    
	
 
    	
Registered address: 1st Floor, Tower 2, 912 Yecheng Road, Jiading   Industrial Zone
    
	
 
    	
 
    
	
2.
    	
Guangdong Jingdong Trading Co., Ltd.
    
	
 
    	
Registered address: Suite 305, 115 Jianshe   Road, Jiufo, Jiulong Town, Luogang District, Guangzhou
    
	
 
    	
 
    
	
3.
    	
Beijing Jingdong Century Information Technology   Co., Ltd.
    
	
 
    	
Registered address: Room B178, Building 2,   No. 99, Kechuang 14th Street, Beijing Economic Technology   Development Zone, Beijing.
    
	
 
    	
 
    
	
4.
    	
Chengdu Jingdong Century Trading Co., Ltd.
    
	
 
    	
Registered address: 10th Floor, Tower 2, West Zhigu, No. 28, Wuxing Wu   Road, Wuhou District, Chengdu.
    
	
 
    	
 
    
	
5.
    	
Jiangsu Jingdong Information Technology Co.,   Ltd.
    
	
 
    	
Registered address: Commercial Center,   Economic Development Zone, Suyu District, Suqian.
    
	
 
    	
 
    
	
6.
    	
Beijing Jingdong Shangke Information Technology   Co., Ltd.
    
	
 
    	
Registered address: 1st-4th Floor West and East, No.11 Building, the 4th Zone, Xishan Chuangyiyuan, No. 65,   Xingshikou Road, Haidian District, Beijing.
    

 

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Schedule 2

 

Confirmation Letter

 

	
To:
    	
Beijing Jingdong Century   Trading Co., Ltd.
    
	
 
    	
Beijing Jingdong 360 Degree   E-commerce Co., Ltd.
    

 

[                          ] (“Company) is fully aware of and agrees to all the conditions and terms in the Amended and Restated Intellectual Property License Agreement entered into by Beijing Jingdong Century Trading Co., Ltd., its relevant subsidiaries and Beijing Jingdong 360 Degree E-commerce Ltd. on December 25, 2013 (“Intellectual Property License Agreement”). The Company confirms and agrees, starting from the execution of this confirmation letter, the Company becomes a party to the Intellectual Property License Agreement and undertakes the Licensor’s obligations and enjoys the Licensor’s rights thereunder. The Intellectual Property License Agreement is fully and completely binding on the Company.

 

[                              ]

 

	
Singed by:
    	
 
    	
 
    
	
Name:
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    
	
Date:
    	
 
    	
 
    
						

 

 

Schedule 3

 

Calculation and Payment of Royalty

 

The Licensee shall pay to the Licensor no less than RMB ten thousand (10,000.00) each year as the royalty for use of the IP.

 

The royalty shall be assessed and adjusted from time to time, and at least once each year, and the Licensor has the right to, at its discretion, decide to cancel the royalty to be paid by the Licensee, however provided that, such adjustment and cancellation shall be approved by the board of directors of Party A.

 

Within fifteen (15) days after the end of each fiscal year, the Licensee shall provide the Licensor with its financial reports, any and all operation records, business contracts and financial materials of the past year, and pay to the Licensor the royalty within thirty (30) days after the end of each fiscal year. If the Licensor has any query about the financial documents provided by the Licensee, it may appoint an independent and qualified accountant to audit related materials, and the Licensee shall provide necessary cooperation.Exhibit 10.9

 

AMENDED AND RESTATED BUSINESS COOPERATION AGREEMENT

 

This AMENDED AND RESTATED BUSINESS COOPERATION AGREEMENT (this “Agreement”), dated May 29, 2012, is made in Beijing, the People’s Republic of China (the “PRC”) by and among:

 

Party A:                                                Beijing Jingdong 360 Degree E-Commerce Co., Ltd., a limited liability company duly incorporated and validly existing under the laws of the PRC, with registered address at Room B186, Building 2, No. 99, Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing;

 

And

 

Party B:

 

(1)                                                                                 Beijing Jingdong Century Trade Co., Ltd. (“Jingdong Century”), a limited liability company duly incorporated and validly existing under the laws of the PRC, with registered address at Room B168, Building 2, No. 99, Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing; and

 

(2)                                                                                 Shanghai Shengdayuan Information Technology Co., Ltd. (“Shanghai Shengdayuan”), a limited liability company duly incorporated and validly existing under the laws of the PRC, with registered address at Section J, 3rd Floor, Building Three, 1180 Xingxian Road, Jiading Industrial Zone, Shanghai.

 

(Jingdong Century and Shanghai Shengdayuan collectively, “Party B”.  For purpose of this Agreement, Party B includes any and all subsidiaries and branches directly or indirectly wholly owned by Party B.  Party A and Party B individually, a “Party”; collectively, the “Parties”.)

 

Whereas,

 

1.                                      Party A is a company engaged in Internet information services and operates a number of websites specializing in online sales and services, including without limitation [www.360buy.com, www.360top.com, www.qianxun.com, www.minitiao.com] (collectively, the “Sales Websites’);

 

2.                                      Party B is a commercial enterprise engaged in merchandise retail, wholesale and commission-based agency services, has extensive customer resources, and conducts merchandise sales and services through diversified channels;

 

3.                                      Party B intends to expand sales channels by using the online platform owned by Party A to publish information of its merchandise and services, and to promote sales of its

 

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products and services with assistance from Party A for collecting customer information; and

 

4.                                      Party A and Jingdong Century have made a Business Cooperation Agreement dated April 27, 2007 (the “Original Business Cooperation Agreement”).  The Parties desire to amend and restate the terms and conditions under and replace the Original Business Cooperation Agreement.

 

NOW, THEREFORE, the Parties hereby agree as follows through negotiations:

 

1.                                      Service Principle

 

The Parties will make joint efforts to build the largest e-commerce platform in the PRC and provide premium and satisfactory services to consumers on reliance of the “Jingdong Shangcheng” brand in accordance with the principles of mutual benefits and win-win.

 

2.                                      Service Description and Responsibility of Party A

 

Under this Agreement, Party A will:

 

(1)                                 ensure ordinary operation of the Sales Websites;

 

(2)                                 accept exclusive technology consulting and services from Party B;

 

(3)                                 upon request from Party B, publish information regarding the merchandise and services sold directly or indirectly by Party B on the Sales Websites;

 

(4)                                 provide information regarding the products and services needed by users to Party B promptly, accurately and completely according to the instruction delivered by such uses on the Sales Websites;

 

(5)                                 cooperate with banks and third-party payment agencies to provide data and processing services for the transactions between the users of the Sales Websites and Party B; and

 

(6)                                 provide any other services reasonably requested by Party B.

 

3.                                      Calculation and Payment of Services Fee

 

3.1                               For purpose of this Agreement, Party B will pay services fee to Party A on quarterly basis.  The Parties agree that Party B will pay services fee to Party A within forty-five (45) days after the end of each quarter.

 

3.2                               The services fee will be 5% more than the direct operating cost incurred by Party A for the immediately previous quarter (i.e., the direct operating cost incurred by Party A for the immediately previous quarter X 105%), but will be no higher than [RMB20,000] for each quarter.  Payment of services fee for a period less than a quarter will be 

 

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calculated according to the number of actual service days and the method provided in the preceding sentence.

 

4.                                      Exclusivity

 

During the term of this Agreement, Party A will provide sole and exclusive services to Party B through the Sales Websites.  Unless with written consent from Party B, Party A may not conduct any cooperation identical or similar to the cooperation contemplated hereunder with, nor provide any service identical or similar to any of the services contemplated hereunder to, any third party during the term of this Agreement.

 

5.                                      Dispute Regarding Products and Services

 

It is confirmed that Party A will immediately notify Party B of any dispute between it and the user of the Sales Websites due to any product or services provided by Party B and subject such dispute to sole discretion of Party B.

 

6.                                      Confidentiality

 

6.1                               Party A agrees to take reasonably best efforts to keep in confidence Party B’s confidential information and materials (“Confidential Information”) that it may be aware of or have access to in connection with its cooperation with Party B.  Without prior written consent from Party B, Party A shall not disclose, offer or transfer any Confidential Information to any third party.  If this Agreement terminates and upon Party B’s request, Party A shall return to Party B or destroy all of the documents, materials or software containing Confidential Information, and shall delete any Confidential Information from all relevant memory devices and cease to use any Confidential Information.

 

6.2                               This Article 6  will survive any change, termination or expiration of this Agreement.

 

7.                                      Effectiveness and Term

 

7.1                               This Agreement shall take effect as of the date first written above and replace the Original Business Cooperation Agreement.  It is confirmed that the Original Business Cooperation Agreement continues to have effect from April 27, 2007 until the date of this Agreement.

 

7.2                               The term of this Agreement is ten (10) years unless early termination occurs in accordance with relevant provisions herein or any other agreement reached by the Parties.

 

7.3                               This Agreement may be extended upon Party B’s written confirmation prior to the expiration of this Agreement.  The extended term shall be ten (10) years, and so forth thereafter.

 

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8.                                      Termination

 

8.1                               This Agreement shall be terminated on the expiring date unless it is renewed in accordance with the relevant provisions herein.

 

8.2                               During the term hereof, Party A may not make early termination of this Agreement unless Party B commits gross negligence, fraud or other illegal action, or goes bankrupt. Notwithstanding the foregoing, Party B shall always have the right (no obligation) to terminate this Agreement by issuing a thirty (30) days’ prior written notice to Party A.

 

8.3                               The rights and obligations of the Parties under Article 6 will survive termination of this Agreement.

 

9.                                      Breach of Contract

 

If either party (the “Defaulting Party”) breaches any provision of this Agreement, which causes damage to the other Party (the “Non-defaulting Party”), the Non-defaulting Party may notify the Defaulting Party in writing and request it to rectify and correct such breach of contract; if the Defaulting Party fails to take any action satisfactory to the Non-defaulting Party to rectify and correct such breach within fifteen (15) working days upon the issuance of the written notice by the Non-defaulting Party, the Non-defaulting Party may take the actions pursuant to this Agreement or pursue other remedies in accordance with laws.

 

10.                               Governing Law and Dispute Resolution

 

10.1                        The execution, interpretation, performance of this Agreement and the disputes resolution under this Agreement shall be governed by the PRC laws.

 

10.2                        The parties hereto shall strive to settle any dispute arising from the interpretation or performance of the terms under this Agreement through friendly consultation in good faith. In case no settlement can be reached through consultation within thirty (30) days after the request for consultation is made by either Party,  any Party can submit such matter to China International Economic and Trade Arbitration Commission for arbitration  in accordance with its then effective rules. The arbitration shall take place in Beijing. The arbitration award shall be final and binding upon both Parties.

 

11.                               Force Majeure

 

11.1                        “Force Majeure Event” shall mean any event beyond the reasonable controls of the Party so affected, which are unpredictable, unavoidable, irresistible even if the affected Party takes a reasonable care, including but not limited to governmental acts, Act of God, fires, explosion, geographical variations, storms, floods, earthquakes, morning and evening tides, lightning or wars, riot, strike and any other such events that all Parties have reached consensus upon. However, any shortage of credits, funding or financing shall not be deemed as the events beyond reasonable controls of the affected Party.

 

11.2                        In the event that the performance of this Agreement is delayed or interrupted due to the said Force Majeure Event, the affected Party shall be excused from any liability to the extent of the delayed or interrupted performance.

 

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The affected Party which intends to seek exemption from its obligations of performance under this Agrement or any provision of this Agreement shall immediately inform the other Party of such a Force Majeure Event and the measures it needs to take in order to complete its performance.

 

12.                               Notices

 

All notices or other correspondences given by either Party pursuant to this Agreement shall be made in writing and may be delivered in person, or by registered mail, postage prepaid mail, generally accepted courier service or facsimile to the following addresses of the relevant Party or both Parties, or any other address notified by the other Party from time to time, or another person’s address designated by it. The date when the notice is deemed to be duly served shall be determined as the follows: (a) a notice delivered personally is deemed duly served upon the delivery; (b) a notice sent by mail is deemed duly served on the seventh (7th) day after the air registered mail with postage prepaid has been sent out (as is shown on the postmark), or the fourth (4th) day after delivery to the internationally recognized courier service agency; and (c) a notice sent by facsimile transmission is deemed duly served upon the receipt time as is shown on the transmission confirmation of relevant documents.

 

If to Party A:

 

Beijing Jingdong 360 Degree E-Commerce Co., Ltd.

Address:                                                 Room B186, Building 2, No. 99, Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing;

Telephone:                                   010-58955008

Fax:                                                                       010-58955990

Attention:                                         Richard Qiangdong Liu

 

If to Party B:

 

Beijing Jingdong Century Trade Co., Ltd.

Address:                                                 Room B168, Building 2, No. 99, Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing;

Telephone:                                   010-58955008

Fax:                                                                       010-58955990

Attention:                                         Richard Qiangdong Liu

 

Shanghai Shengdayuan Information Technology Co., Ltd.

Address:                                                 Room B168, Building 2, No. 99, Kechuang 14 Street, Beijing Economic and Technological Development Zone, Beijing;

Telephone:                                   021-39915570

Fax:                                                                       021-39915576

Attention:                                         Richard Qiangdong Liu

 

5

 

13.                               Miscellaneous

 

13.1                        The headings contained in this Agreement are for the convenience of reference only and shall not be used to interpret, explain or otherwise affect the meaning of the provisions of this Agreement.

 

13.2                        The Parties agree to promptly execute any document and take any other action reasonably necessary or advisable to perform provisions and purpose of this Agreement.

 

13.3                        The Parties confirm that this Agreement shall, upon its effectiveness, constitute the entire agreement and common understanding of the Parties with respect to the subject matters herein and fully supersede all prior verbal and/or written agreements and understandings with respect to the subject matters herein.

 

13.4                        Any amendment and supplement to this Agreement shall be made in writing by the Parties. Any  such amendment and supplement executed by the Parties is an integral part of this Agreement and shall have the same legal effect with this Agreement.

 

13.5                        This Agreement shall be binding upon and for the benefit of all the Parties hereto and their respective inheritors, successors and the permitted assigns.

 

13.6                        Any Party’s failure to exercise the rights under this Agreement in time shall not be deemed as its waiver of such rights and would not affect its future exercise of such rights.

 

13.7                        If any provision of this Agreement is held void, invalid or unenforceable by a court of competent jurisdiction or arbitration authority, the validity, legality and enforceability of the other provisions hereof shall not be affected or impaired. The Parties shall cease performing such void, invalid or unenforceable provisions and revise such void, invalid or unenforceable provisions only to the extent closest to the original intention thereof to recover its validity or enforceability for such specific facts and circumstances.

 

13.8                        Party A shall not assign its rights and obligations under this Agreement to any third party without the prior written consent of Party B.

 

13.9                        This Agreement is made in three originals  with each Party holding one.  Each original is equally authentic.

 

(No text below)

 

6

 

(Signature Page)

 

IN WITNESS THEREOF, each Party hereto has caused this Agreement duly executed by their respective authorized representative on its behalf as of the date first written above.

 

 

Party A:

 

Beijing Jingdong 360 Degree E-Commerce Co., Ltd.

 

	
/s/ Beijing Jingdong 360 Degree E-Commerce   Co., Ltd.
    	
 
    
	
(Seal of Beijing Jingdong 360 Degree E-Commerce   Co., Ltd.)
    	
 
    

 

 

Party B:

 

 

Beijing Jingdong Century Trade Co., Ltd.

 

	
/s/ Beijing Jingdong Century Trade Co., Ltd.
    	
 
    
	
(Seal of Beijing Jingdong Century Trade Co., Ltd.)
    	
 
    

 

 

Shanghai Shengdayuan Information Technology Co., Ltd.

 

	
/s/ Shanghai Shengdayuan Information Technology Co., Ltd.
    	
 
    
	
(Seal of Shanghai Shengdayuan Information Technology Co., Ltd.)
    

 

7

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