Document:

Exhibit 4.26

 

EXCLUSIVE TECHNICAL AND CONSULTING SERVICES AGREEMENT

 

This Exclusive Technical and Consulting Services Agreement (this “Agreement”) is entered in Beijing, People’s Republic of China (the “PRC”, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan, for purposes of this agreement) and by and between the following two parties:

 

(1)                                  PARTY A:  1VERGE INTERNET TECHNOLOGY (BEIJING) CO., LTD

Legal Address: Section D, 5/F, SinoSteel Plaza, No 8, Haidian Street, Haidian District, Beijing, China

Legal Representative: Victor Wing Cheung Koo

 

(2)                                  PARTY B: ZHEJIANG DONGYANG TIANSHI MEDIA LIMITED

Legal Address: C3-015-A, Hengdian Television Industry Experimental Area, Zhejiang, China

Legal Representative: LU Wen

 

(Individually a “Party”, and collectively the “Parties”)

 

WHEREAS:

 

A.                                   Party A, a wholly foreign-owned enterprise registered in the PRC under the laws of the PRC, owns necessary resources to provide the technical and consulting services;

 

B.                                     Party B, a domestic company registered in the PRC, is approved by the relevant government authorities to engage in the advertising agency, production of television, and cultural information consultation;

 

C.                                     Party A agrees to provide Party B with technical support, consulting services and other commercial services on exclusive basis during the term of this Agreement, and Party B hereby agrees to accept such technical and consulting services.

 

THEREFORE, the Parties through friendly negotiation and based on the principle of equality and mutual benefit, enter into the Agreement as follows:

 

1.                                      Technical and Consulting Services; Ownership and Exclusive Interests

 

1.1                                 During the term of this Agreement, Party A agrees to provide the complete technical support, business support and related consulting services during the term of this Agreement (as specified in Appendix 1, the “Services”) in accordance with the Agreement.

 

1

 

1.2                                 Party B hereby agrees to accept Services. Party B further agrees that, during the term of this Agreement, it shall not utilize any third party to provide such Services for such above-mentioned business without the prior written consent of Party A.

 

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

 

1.4                                 Party B covenants that Party A have the priority on cooperation with Party B in the same condition in case Party B is going to cooperate with other enterprises in respect of any business.

 

2.                                      Calculation and Payment of the Fee for Technical and Consulting Services (The “Fee”)

 

The Parties agree that the Fee under this Agreement shall be determined according to the Appendix 2.

 

3.                                      Representations and Warranties

 

3.1                                 Party A hereby represents and warrants as follows:

 

3.1.1                        Party A is a company duly registered and validly existing under the laws of the PRC;

 

3.1.2                        Party A has full right, power, authority and capacity and all consents and approvals of any other third party and government necessary to execute and perform this Agreement, which shall not be against any enforceable and effective laws or contracts;

 

3.1.3                        the Agreement will constitute a legal, valid and binding agreement of Party A enforceable against it in accordance with its terms upon its execution.

 

3.2                                 Party B hereby represents and warrants as follows:

 

3.2.1                        Party B is a company duly registered and validly existing under the laws of the PRC and is qualified and approved to engage in the advertising agency and publishing businesses.

 

3.2.2                        Party B has full right, power, authority and capacity and all consents and approvals of any other third party and government necessary to execute and perform this Agreement, which shall not be against any enforceable and effective laws or contracts.

 

2

 

3.2.3                        Once the Agreement has been duly executed by the Parties, it will constitute a legal, valid and binding agreement of Party B enforceable against it in accordance with its terms upon its execution.

 

4.                                      Confidentiality

 

4.1                                 Party B agrees to use all reasonable means to protect and maintain the confidentiality of Party A’s confidential data and information acknowledged or received by Party B by accepting the Services from Party A (collectively the “Confidential Information”). Party B shall not disclose or transfer any Confidential Information to any third party without Party A’s prior written consent. Upon termination or expiration of this Agreement, Party B shall, at Party A’s option, return all and any documents, information or software contained any of such Confidential Information to Party A or destroy it, delete all of such Confidential Information from any memory devices, and cease to use them. Party B shall take necessary measures to keep the Confidential Information to the employees, agents or professional consultants of Party B who are necessary to get to know such Information and procure them to observe the confidential obligations hereunder.

 

4.2                                 The limitation stipulated in Section 4.1 shall not apply to:

 

4.2.1                        the materials available to the public at the time of disclosure;

 

4.2.2                        the materials that become available to the public after the disclosure without fault of Party B;

 

4.2.3                        the materials Party B prove to have got the control neither directly nor indirectly from any other party before the disclosure;

 

4.2.4                        the information that each Party is required by law to disclose to relevant government authorities, stock exchange institute,  or that is necessary to disclose the above confidential information directly to the legal counselor and financial consultant in order to keep its usual business.

 

4.3                                 Both Parties agree that this article shall survive the modification, elimination or termination of this Agreement.

 

5.                                      Indemnity

 

In the event that a Party fails to comply with any of its obligations hereunder and such failure results in direct losses to the other Party, the defaulting Party shall make full and effective compensation to the other Party promptly upon receipt of a written notice from the non-defaulting Party.  The compensation

 

3

 

that the defaulting Party shall pay to the non-defaulting Party for its defaulting action shall be equivalent to the actual losses caused by its default, which shall not include special, consequential or punitive damages or compensation for lost profit. If the failure renders impossible the continued performance of this Agreement, the other Party shall have the right to terminate this Agreement.

 

6.                                      Effective Date and Term

 

6.1                                 This Agreement shall be effective on January 6, 2012(“Effective Date”). The term of this Agreement is ten (10) years, unless earlier terminated as set forth in this Agreement or in accordance with the terms set forth in the agreement entered into by both Parties separately.

 

6.2                                 This Agreement shall be automatically extended for another ten (10) years except Party A gives its written notice terminating this Agreement three (3) months before the expiration of this Agreement.

 

7.                                      Termination

 

7.1                                 This Agreement shall expire on the date due unless this Agreement is extended as set forth in the relevant terms hereunder.

 

7.2                                 During the term of this Agreement, Party B is not permitted to terminate this Agreement early. Notwithstanding the foregoing, Party A may terminate this Agreement at any time with a written notice to Party B thirty (30) days before such termination. If Party A terminates the Agreement early for reasons attributable to Party B, Party B shall be obligated to compensate all the losses caused thereby to Party A and shall pay the relevant fees for the services provided.

 

7.3                                 Sections 4 and 5 shall survive after the termination or expiration of this Agreement.

 

8.                                      Settlement of Disputes

 

8.1                                 The Parties shall strive to settle any dispute arising from the interpretation or performance in connection with this Agreement through friendly consultation. In case no settlement can be reached through consultation, each Party can submit such matter to China International Economic and Trade Arbitration Commission (the “CIETAC”). The arbitration shall follow the then current rules of CIETAC, and the arbitration proceedings shall be conducted in Chinese and shall take place in Beijing. The arbitration award shall be final and binding upon both Parties. This article shall not be influenced by the termination or elimination of this Agreement.

 

8.2                                 Each Party shall continue to perform its obligations in good faith according to the provisions of this Agreement except for the matters in dispute.

 

4

 

9.                                      Force Majeure

 

9.1                                 Force Majeure, which includes but is not limited to, acts of governments, acts of nature, fire, explosion, typhoon, flood, earthquake, tide, lightning, war, means any event that is beyond the Party’s reasonable control and cannot be prevented with reasonable care. However, any shortage of credit, capital or finance shall not be regarded as an event of Force Majeure. The affected Party who is claiming to be not liable to its failure of fulfilling this Agreement by Force Majeure shall inform the other Party, without delay, of the approaches of the performance of this Agreement by the affected Party.

 

9.2                                 In the event that the affected Party is delayed in or prevented from performing its obligations under this Agreement by Force Majeure, only within the scope of such delay or prevention, the affected Party will not be responsible for any damage by reason of such a failure or delay of performance. The affected Party shall take appropriate means to minimize or remove the effects of Force Majeure and attempt to resume performance of the obligations delayed or prevented by the event of Force Majeure. After the event of Force Majeure is removed, both Parties agree to resume performance of this Agreement with their best efforts.

 

10.                               Notices

 

Notices or other communications required to be given by any Party pursuant to this Agreement shall be written in English and Chinese and shall be deemed to be duly given when it is delivered personally or sent by registered mail or postage prepaid mail or by a recognized courier service or by facsimile transmission to the address of the relevant Party or Parties set forth below.

 

PARTY A: 1VERGE INTERNET TECHNOLOGY (BEIJING) CO., LTD

	
Address
    	
: Section D,   5/F, SinoSteel Plaza, No 8, Haidian Street, Haidian District, Beijing, China
    
	
Fax
    	
: 010-59708818
    
	
Tele
    	
: 010-58851881
    
	
Addressee
    	
: Victor Wing   Cheung Koo
    

 

PARTY B: ZHEJIANG DONGYANG TIANSHI MEDIA LIMITED

	
Address
    	
: C3-015-A,   Hengdian Television Industry Experimental Area, Zhejiang, China
    
	
Fax
    	
: 010-84862809
    
	
Tele
    	
: 010-84864655
    

 

5

 

11.                               Assignment

 

Party B shall not assign its rights or obligations under this Agreement to any third party without the prior written consent of Party A. Party A may transfer its rights or obligations under this Agreement to any third party without the consent of Party B, but shall inform Party B of the above assignment.

 

12.                               Severability

 

Any provision of this Agreement that is invalid or unenforceable because of any inconsistency with relevant law shall be ineffective or unenforceable within such jurisdiction where the relevant law governs, without affecting in any way the remaining provisions hereof.

 

13.                               Amendment and Supplement

 

Any amendment and supplement of this Agreement shall come into force only after a written agreement is signed by both Parties. The amendment and supplement duly executed by both Parties shall be part of this Agreement and shall have the same legal effect as this Agreement.

 

14.          Governing Law

 

The execution, validity, performance and interpretation of this Agreement shall be governed by and construed in accordance with the laws of the PRC.

 

15.                               Languages and Counterparts

 

This Agreement is executed in Two (2) originals in English and each Party shall retain 1 original.

 

[The space below is intentionally left blank.]

 

6

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on their behalf by a duly authorized representative as of the date first written above.

 

 

PARTY A: 1VERGE INTERNET TECHNOLOGY (BEIJING) CO., LTD.

(Company Seal)

 

 

	
By:
    	
/s/ Victor Wing Cheung Koo
    	
 
    
	
Authorized   Representative: Victor Wing Cheung Koo
    	
 
    

 

 

PARTY B: ZHEJIANG DONGYANG TIANSHI MEDIA LIMITED

(Company Seal)

 

 

	
By:
    	
/s/ LU Wen
    	
 
    
	
Authorized   Representative: LU Wen
    	
 
    

 

7

 

APPENDIX 1: THE LIST OF TECHNICAL AND CONSULTING SERVICES

 

Party A shall provide complete technical support, business support and related consulting services as follows (to the extent permitted under applicable PRC laws and regulations):

 

1.                                      Technical Services. Party A will provide technical services and training to Party B, taking advantage of Party A’s advanced technology in network, website and multimedia technologies to improve Party B’s system integration.

 

(a)                                  developing, implementing and maintaining a TV drama library management system; providing training for the staff of Party B relating to the use of the system;

 

(b)                                 developing, implementing and maintaining a network production system for the post-production of TV dramas, including online and offline editing systems, and providing training for the staff of Party B relating to the use of such system;

 

(c)                                  developing, implementing and maintaining a photography apparatus management system; providing training for the staff of Party B relating to the use of that system;

 

(d)                                 administering, managing and maintaining Party B’s information application system;

 

(e)                                  providing system optimization plans and implementing optimization features;

 

(f)                                    assuring the security and reliability of the post production network system;

 

(g)                                 managing and maintaining all network and providing technologies to assure the reliability and efficiency thereof;

 

(h)                                 providing information technology services and assuring the reliable operation of the information infrastructure.

 

2.                                      Marketing and Management Consulting.  For the purposes of expanding Party B’s market share, popularizing its products and creating an efficient internal operation, Party A will provide consulting services regarding marketing and management, which shall include:

 

(a)                                  assisting with the distribution of Party B’s TV dramas, including but not limited to online distribution through the leading PRC video websites;

 

(b)                                 providing strategic co-operation proposals and recommending relevant partners to Party B, and assisting Party B to establish and develop

 

8

 

cooperative relationships with such partners with respect to production and distribution of TV dramas and programs;

 

(c)                                  providing Party B with market development strategies, including but not limited to the design and improvement of Party B’s products and business model as well as strategic on its market position and brand-building; and

 

(d)                                 training management personnel and providing management consultation services, including but not limited to regular business training for Party B’s management personnel and formulating realistic and effective solutions to existing problems in Party B’s business operations.

 

9

 

APPENDIX 2: CALCULATION AND PAYMENT OF THE FEE FOR TECHNICAL AND CONSULTING SERVICES

 

During the term of this Agreement, the service fee payable by Party B to Party A for services rendered according to Appendix 1 shall be a fee in RMB determined by the following  formula:

 

Service Fee Payable = Party B’s Revenue – Turnover Taxes – Party B’s Total Costs – Profit to be Retained by Party B;

 

Where:

 

·                                          Party B’s Revenue is revenue received by Party B from third parties in the course of its ordinary business;

 

·                                          Turnover Taxes include, but are not limited to, business tax, value-added tax, urban maintenance and construction tax and education surcharges;

 

·                                          Party B’s Total Costs include all costs and expenses, such as costs of goods sold and operating costs incurred by Party B for carrying out the business; and

 

·                                          Profit to be Retained by Party B shall be determined by a reputable certified public accountant designated by Party A.

 

During the term of this Agreement, Party A shall have the right to adjust the above Fees at its sole discretion without the consent of Party B.

 

10Exhibit 4.27

 

EQUITY OPTION AGREEMENT

 

This Equity Option Agreement (this “Agreement”) is entered in Beijing, the People’s Republic of China (“PRC”, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan, for the purposes of this Agreement), by and among the following parties:

 

(1)                                 Youku.Inc,  a Cayman Islands exempted company (Youku Cayman)

 

(2)                                 1VERGE INTERNET TECHNOLOGY (BEIJING) CO., LTD. (“1Verge Internet” or “Party A”) 

Legal Address: Section D, 5/F, SinoSteel Plaza, No 8, Haidian Street, Haidian District, Beijing, China 

Legal Representative: Victor Wing Cheung Koo

 

(3)                                 LU WEN, a PRC citizen whose PRC identification number is ####, and whose residential address is Room 801A, Building 505, Atlantic Place, Chaoyang District, Beijing, PRC

 

HU QIONG, a PRC citizen whose PRC identification number is #### and whose residential address is, Room 801A, Building 505, Atlantic Place, Chaoyang District, Beijing, PRC

 

(Each of LU Wen and HU Qiong is hereinafter referred to as a “Grantor” and collectively the “Grantors”; Youku Cayman and Party A, each individually and collectively “Youku”)

 

WHEREAS:

 

A.                                    1Verge Internet is a wholly foreign-owned enterprise, duly established and registered in Beijing under the laws of the PRC.

 

B.                                    The Grantors together hold 100% of the registered capital of Zhejiang Dongyang Tianshi Media Limited. (“Dongyang Tianshi”), a limited liability company, with a registered capital of RMB 3,000,000. (the “Equity Interests”), of which LU Wen and HU Qiong hold 80% and 20%respectively.

 

C.                                    the Exclusive Technical Consulting and Services Agreement was entered into between Party A and Dongyang Tianshi (“Services Agreement”), pursuant to which Dongyang Tianshi will pay a service fee to Party A in consideration for services provided by Party A.

 

D.                                    Each of the Grantors has agreed to grant exclusively to Youku an option to acquire the Equity Interests that have been registered in his/her/its name,

 

1

 

subject to the terms and conditions set forth below.

 

THEREFORE, Through Friendly Negotiation In The Principle Of Equality And Common Interest, The Parties Agree As Follows:

 

SECTION 1: GRANT OF THE OPTION

 

1.1                               Grant of Option

 

Each of the Grantors hereby grants to Youku an option (each an “Option” and collectively the “Options”) to acquire their respective Equity Interests at the price equivalent to the lowest price then permitted by PRC laws, and Youku shall make payment of such price by cancelling all or a portion of the service fee. Each of the Options shall become vested as of the date of this Agreement.

 

1.2                               Term

 

This Agreement shall take effect as of the Effective Date and shall remain in full force and effect until the earlier of (1) the date on which all of the Equity Interests have been acquired by Youku directly or through its designated representative (individual or legal person); or (2) the unilateral termination by Youku (at its sole and absolute discretion), by giving 30 days prior written notice to the Grantors of its intention to terminate this Agreement.

 

1.3                               EFFECTIVE DATE

 

This Agreement shall be effective on January 6, 2012(“Effective Date”).

 

SECTION 2: EXERCISE OF THE OPTION AND ITS CLOSING

 

2.1                               Timing of Exercise

 

2.1.1                     Each of the Grantors agrees that Youku in its sole discretion may at any time, and from time to time after the date hereof, exercise the Option granted by such Grantor, in whole or in part, to acquire all or any portion of their respective Equity Interests.

 

2.1.2                     For the avoidance of doubt, each of the Grantors hereby agrees that Youku shall be entitled to exercise the Option granted by such Grantor for an unlimited number of times, until all of his/her Equity Interests have been acquired by Youku.

 

2.1.3                     Each of the Grantors agrees that Youku may designate in its sole discretion any third party to exercise the Option granted by such Grantor on its behalf, in which case Youku shall provide written 

 

2

 

notice to such Grantor at the time the Option granted by such Grantor is exercised.

 

2.1.4                     For the avoidance of doubt, Youku Cayman, in its sole discretion, will decide whether the Options and other rights granted under this Agreement will be exercised by Youku Cayman and/or by Party A.

 

2.2                               Transfer

 

Each of the Grantors agrees that the Option granted by such Grantor shall be freely transferable, in whole or in part, by Youku to any third party, and that, upon such transfer, the Option may be exercised by such third party upon the terms and conditions set forth herein, as if such third party were a party to this Agreement, and that such third party shall assume the rights and obligations of Youku hereunder.

 

2.3                               Notice Requirement

 

2.3.1                   To exercise an Option, Youku shall send a written notice to the relevant Grantor, and such Option is to be exercised by no later than ten (10) days prior to each Closing Date (as defined below), specifying therein:

 

2.3.1.1                    The date of the effective closing of such acquisition (a “Closing Date”);

 

2.3.1.2                    the name of the person in which the Equity Interests shall be registered;

 

2.3.1.3                    the amount of Equity Interests to be acquired from such Grantor;

 

2.3.1.4                    the type of payment; and

 

2.3.1.5                    a letter of authorization, where a third party has been designated to exercise the Option.

 

2.3.2                   For the avoidance of doubt, it is expressly agreed among the parties that Youku shall have the right to exercise the Options and elect to register the Equity Interests in the name of another person as it may designates from time to time.

 

3

 

2.4                               Closing

 

On each Closing Date, Youku shall make payment by cancelling all or a portion of the service fee payable by such Grantor to Youku , in the same proportion that Youku or its designated party acquires the Equity Interest held by such Grantor.

 

SECTION 3: COMPLETION

 

3.1                               Capital Contribution Transfer Agreement

 

Concurrently with the execution and delivery of this Agreement, and from time to time upon the request of Youku , each of the Grantors shall execute and deliver one or more capital contribution transfer agreements, each in the form and content substantially satisfactory to Youku (each a “Transfer Agreement”), together with any other documents necessary to give effect to the transfer to Youku or its designated party of all or any part of the Equity Interests upon an exercise of the Option by Youku (the “Ancillary Documents”). Each Transfer Agreement and the Ancillary Documents are to be kept in Youku’s possession.

 

Each of the Grantors hereby agrees and authorizes Youku to complete, execute and submit to the relevant company registrar any and all Transfer Agreements and the Ancillary Documents to give effect to the transfer of all or any part of the Equity Interests upon an exercise of the Option by Youku at its sole discretion where necessary and in accordance with this Agreement.

 

3.2                               Board Resolution

 

Notwithstanding Section 3.1 above, concurrently with the execution and delivery of this Agreement, and from time to time upon the request of Youku , each of Grantors shall execute and deliver one or more resolutions of the board of directors and/or shareholders of Dongyang Tianshi, approving the following:

 

3.2.1                     The transfer by the Grantor of all or part of the Equity Interests held by such Grantor to Youku or its designated party; and

 

3.2.2                     Any other matters as Youku may reasonably request.

 

Each Resolution is to be kept in Youku’s possession.

 

4

 

SECTION 4: REPRESENTATIONS AND WARRANTIES

 

4.1                               Representations and Warranties

 

Each of Grantors represents and warrants to Youku that:

 

4.1.1                     he/she has the full power and authority to enter into, and perform under, this Agreement;

 

4.1.2                     his/her signing of this Agreement or fulfilling of any its obligations hereunder does not violate any laws, regulations and contracts to which he/she is bound, or require any government authorization or approval;

 

4.1.3                     there is no lawsuit, arbitration or other legal or government procedures pending which, based on his/her knowledge, shall materially and adversely affect this Agreement and the performance thereof;

 

4.14                        he/she has disclosed to Youku all documents issued by any government department that might cause a material adverse effect on the performance of its obligations under this Agreement;

 

4.1.5                     he/she has not been declared bankrupt by a court of competent jurisdiction;

 

4.1.6                     save as disclosed to Youku , his/her Equity Interests is free and clear from all liens, encumbrances and third party rights;

 

4.1.7                     he/she will not transfer, donate, pledge, or otherwise dispose of his/her Equity Interests in any way unless otherwise agreed by Youku ;

 

4.1.8                     the Option granted to Youku by him/her shall be exclusive, and he/she shall in no event grant the Option or any similar rights to a third party by any means whatsoever; and

 

4.1.9                     LU Wen further represents and warrants to Youku that she owns 80% of the Equity Interests of Dongyang Tianshi, and HU Qiong further represents and warrants to Youku that she owns 20% of the Equity Interests of Dongyang Tianshi. The parties hereby agree that the representations and warranties set forth in Sections 4 (except for Section 4.1.9) shall be deemed to be repeated as of each Closing Date as if such representation and warranty were made on and as of such Closing Date.

 

4.2                               Covenants and Undertakings

 

Each of Grantors covenants and undertakes that:

 

5

 

4.2.1                     he/she will complete all such formalities as are necessary to make Youku or its designated party a proper and registered shareholder of Dongyang Tianshi. Such formalities include, but are not limited to, assisting Youku with the obtaining of necessary approvals of the equity transfer from relevant government authorities (if any), the submission of the Transfer Agreement(s) to the relevant administration for industry and commerce for the purpose of amending the articles of association, changing the shareholder register and undertaking any other changes.

 

4.2.2                     he/she will not amend the articles of association, increase or decrease the registered capital, sell, transfer, mortgage, create or allow any encumbrance or otherwise dispose of the assets, business, revenues or other beneficial interests, incur or assume any indebtedness, or enter into any material contracts, except in the ordinary course of business (for the purpose of this paragraph, any contract with a value exceeding RMB 100,000 shall be deemed to be a material contract).

 

SECTION 5: TAXES

 

Any taxes and duties that might arise from the execution and performance of this Agreement, including any taxes and expenses incurred by and applicable to any of the Grantors as a result of the exercise of the Option(s) by Youku or its designated party, or the acquisition of the Equity Interests from the Grantor(s), will be borne by Youku.

 

SECTION 6: GOVERNING LAW AND DISPUTE SETTLEMENT

 

6.1                               Governing Law

 

The execution, validity, performance and interpretation of this Agreement shall be governed by and construed in accordance with the laws of the PRC.

 

6.2                               Friendly Consultation

 

If a dispute arises in connection with the interpretation or performance of this Agreement, the parties shall attempt to resolve such dispute through friendly consultations between them or mediation by a neutral third party. 

 

If the dispute cannot be resolved in the aforesaid manner within thirty (30) days after the commencement of such discussions, either party may submit the dispute to arbitration.

 

6.3                               Arbitration

 

Any dispute arising in connection with this Agreement shall be submitted to

 

6

 

the China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration. The arbitration shall follow the then current rules of CIETAC, and the arbitration proceedings shall be conducted in Chinese and shall take place in Beijing. The arbitration award shall be final and binding upon the parties. This article shall not be affected by the termination or elimination of this Agreement.

 

6.4                                 Matters not in Dispute

 

In case of any disputes arising out of the interpretation and performance of this Agreement or any pending arbitration of such dispute, each party shall continue to perform their obligations under this Agreement, except for the matters in dispute.

 

SECTION 7: CONFIDENTIALITY

 

7.1                                 Confidential Information

 

The contents of this Agreement and the annexes hereof shall be kept confidential. No party shall disclose any such information to any third party (except for the purpose described in Section 2.2 and by prior written agreement among the parties). Each party’s obligations under this clause shall survive after the termination of this Agreement.

 

7.2                                 Exceptions

 

If a disclosure is explicitly required by law, any courts, arbitration tribunals, or administrative authorities, such a disclosure by any party shall not be deemed a violation of Section 7.1 above.

 

SECTION 8: MISCELLANEOUS

 

8.1                                 Entire Agreement

 

8.1.1                        This Agreement constitutes the entire agreement and understanding among the parties in respect of the subject matter hereof and supersedes all prior discussions, negotiations and agreements among them. This Agreement shall only be amended by a written instrument signed by all the parties.

 

8.1.2                        The appendices attached hereto shall constitute an integral part of this Agreement and shall have the same legal effect as this Agreement.

 

7

 

8.2                                 Notices

 

8.2.1                        Unless otherwise designate by the other Party, any notices or other correspondences among the parties in connection with the performance of this Agreement shall be delivered in person, by express mail, e-mail, facsimile or registered mail to the following correspondence addresses and fax numbers:

 

	
Youku.Inc
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Address
    	
:
    	
  PO Box 309, Ugland House,   Grand Cayman, KY1-1104, 
    
	
 
    	
Cayman Islands
    	
 
    	
 
    
	
Fax
    	
:
    	
1-345-949-8080
    	
 
    	
 
    
	
Tele
    	
:
    	
1-345-949-8080
    	
 
    	
 
    
	
Addressee
    	
:
    	
Victor Wing   Cheung Koo
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
1Verge INTERNET TECHNOLOGY (BEIJING)   CO., LTD.
    
	
Address
    	
:
    	
Section D,   5/F, SinoSteel Plaza, No 8, Haidian District, 
    
	
 
    	
 
    	
Haidian Street, Beijing,   China
    	
 
    
	
Fax
    	
:
    	
010-59708818
    	
 
    	
 
    
	
Tele
    	
:
    	
010-58851881
    	
 
    	
 
    
	
Addressee
    	
:
    	
Victor Wing Cheung   Koo
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
LU Wen
    
	
Address
    	
:
    	
Room1803, Building 525, Atlantic Place,   Chaoyang 
    
	
 
    	
District, Beijing, PRC
    
	
Fax
    	
:
    	
010-84862809
    	
 
    	
 
    
	
Tele
    	
:
    	
010-84864655
    	
 
    	
 
    
	
Addressee
    	
:
    	
LU Wen
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
HU Qiong
    	
 
    	
 
    
	
Address
    	
:
    	
Room1803, Building 525, Atlantic Place, Chaoyang 
    
	
 
    	
District, Beijing,   PRC
    
	
Fax
    	
:
    	
010-84862809
    	
 
    	
 
    
	
Tele
    	
:
    	
010-84864655
    	
 
    	
 
    
	
Addressee
    	
:
    	
HU Qiong
    	
 
    	
 
    
						

 

8.2.2                        Notices and correspondences shall be deemed to have been effectively delivered:

 

8.2.2.1                           at the exact time displayed in the corresponding transmission record, if delivered by facsimile, unless such facsimile is sent after 5:00 pm or on a non-business day in the place where it is received, in which case the date of receipt shall be deemed to be the following business day;

 

8.2.2.2                           on the date that the receiving Party signs for the document, if delivered in person (including express mail);

 

8

 

8.2.2.3                           on the fifteenth (15th) day after the date shown on the registered mail receipt, if sent by registered mail;

 

8.2.2.4                           on the successful printing by the sender of a transmission report evidencing the delivery of the relevant e-mail, if sent by e-mail.

 

8.3                                 Binding Effect

 

This Agreement, upon being signed by the parties or their duly authorized representatives, shall be binding on the parties and their successors and assigns.

 

8.4                                 Language and Counterparts

 

This Agreement shall be executed in four (4) originals in English, with one (1) original for Youku, one (1) original each for Grantors.

 

8.5                                 Days and Business Day

 

A reference to a day herein is to a calendar day. A reference to a business day herein is to a day on which commercial banks are open for business in the PRC.

 

8.6                                 Headings

 

The headings contained herein are inserted for reference purposes only and shall not affect the meaning or interpretation of any part of this Agreement.

 

8.7                                 Singular and Plural

 

Where appropriate, the plural includes the singular and vice versa.

 

8.8                                 Unspecified Matter

 

Any matter not specified in this Agreement shall be handled through mutual discussions among the parties and stipulated in separate documents with binding legal effect, or resolved in accordance with PRC laws.

 

8.9                                 Survival of Representations, Warranties, Covenants and Obligations

 

The respective representations, warranties, covenants and obligations of the parties, as set forth in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall remain in full force and effect, regardless of any investigation (or any statement as to the results thereof) made by or on behalf of any party, and shall survive the transfer and payment for the Equity Interests.

 

9

 

[The space below is intentionally left blank.]

 

10

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on their behalf by a duly authorized representative as of the date first written above.

 

	
Youku.Inc
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Victor Wing Cheung Koo
    	
 
    
	
Name: Victor Wing   Cheung Koo
    	
 
    
	
Title: Chief   Executive Officer
    	
 
    
	
 
    	
 
    
	
1VERGE INTERNET TECHNOLOGY   (BEIJING) CO., LTD.
    	
 
    
	
(Company Seal)
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/   Victor Wing Cheung Koo
    	
 
    
	
Authorized Representative:   Victor Wing Cheung Koo
    	
 
    
	
Title:
    	
 
    
	
Date:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
GRANTOR: LU WEN
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/   LU Wen
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
GRANTOR: HU QIONG
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/   HU Qiong
    	
 
    

 

11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}]]