Document:

exv10w4

Exhibit
10.4

 

    AMENDMENT
    NO. 1 

    TO

    AMENDED AND RESTATED EXECUTIVE EMPLOYMENT
    AGREEMENT

 

    This AMENDMENT NO. 1 TO AMENDED AND RESTATED EXECUTIVE
    EMPLOYMENT AGREEMENT (this “Amendment”) is
    entered into as of June 26, 2009, by and between
    Cornerstone Therapeutics Inc., a Delaware corporation (the
    “Company”), and David Price (the
    “Executive”).

 

    WHEREAS, the Company and the Executive entered into the Amended
    and Restated Executive Employment Agreement, dated as of
    May 6, 2009 (the “Agreement”), which will
    be effective on the Closing Date (as such term is defined in the
    Stock Purchase Agreement, dated as of May 6, 2009, between
    the Company and Chiesi Farmaceutici SpA); and

 

    WHEREAS, the Company and the Executive desire to amend the
    Agreement in certain respects.

 

    NOW, THEREFORE, in consideration of the foregoing and other good
    and valuable consideration, the receipt and adequacy of which
    are hereby acknowledged, the parties hereto agree as follows:

 

    1. Appendix B to the Agreement is hereby deleted in
    its entirety and replaced with the Appendix B attached
    hereto.

 

    2. This Amendment shall become effective on the Closing
    Date (as such term is defined in the Stock Purchase Agreement,
    dated as of May 6, 2009, between the Company and Chiesi
    Farmaceutici SpA).

 

    3. This Amendment may be executed in counterparts, each of
    which shall be deemed an original, but all of which together
    shall constitute one and the same instrument.

 

    [Remainder of this page is intentionally left blank.]

    

 

 

    SIGNATURE
    PAGE TO AMENDMENT TO AMENDED AND RESTATED EXECUTIVE

    EMPLOYMENT AGREEMENT

 

    IN WITNESS WHEREOF, the parties hereto have executed this
    Amendment as of the day and year set forth above.

 

    CORNERSTONE THERAPEUTICS INC.

 

			
	 	    By: 
	/s/ Craig A. Collard
        

    Name:     Craig A. Collard

    Title:       President and
    Chief Executive Officer

 

    EXECUTIVE

 

/s/
David Price

   David Price

    

 

 

    APPENDIX B

    Covered
    Shares

 

    136,556Exhibit 4.31

Exhibit 4.31

Longtop Financial Technologies Limited

ADDENDUM

TO

MANAGEMENT AND SERVICES AGREEMENT

This Addendum to Management and Services Agreement (the “Addendum”), which is effective for
the fiscal year ended March 31, 2009, by and between LONGTOP FINANCIAL TECHNOLOGIES LIMITED, a
company incorporated under the laws of the Cayman Islands and any of its subsidiaries
(“LFT”), and LONGTOP INTERNATIONAL HOLDINGS LIMITED, a company incorporated under the laws
of the British Virgin Islands (“LTI”).

WHEREAS, the parties hereto are parties to that certain Management and Services Agreement
dated as of September 24, 2007 (the “Management and Services Agreement”); and

WHEREAS, the parties wish to amend the Management and Services Agreement as herein set forth.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and for other
good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:

1. Amendments. The Management and Services Agreement is hereby amended as follows:

1.1. Amendment to Section 4.1. Section 4.1 of the Management and Services
Agreement is hereby amended by inserting the following sentence immediately after the first
sentence thereunder: “Notwithstanding the foregoing, effective January 1, 2009 and
thereafter, LTI shall pay to LFT a reduced Management Fee which consists of $1,000 per month
for LFT’s basic accounting services.”

 

 

 

 1.2. Amendment to Section 4.2. Section 4.2 of the Management and Services
Agreement is hereby amended by inserting the following at the end thereof:

“LFT will serve as LTI’s agent in China for signing outsourcing contracts and collecting
Renminbi (“RMB”) payments from LTI outsourcing customers in China because LTI does not have
a legal presence in China.  Notwithstanding anything contained herein to the contrary, LFT
or any of its subsidiaries in China will charge LTI or any of its subsidiaries a service fee
for the outsourcing delivery services which have been provided by LFT or such LFT’s
subsidiary to LTI or such LTI’s subsidiary since April 1, 2008, equal to the amount of the
Cost plus 5% of such Cost.  For purposes of calculating such service fee, the “Cost” shall
be deemed to be equal to (i) the amount of the outsourcing related departmental expenses
including allocated facilities and overheads (“Departmental Expenses”) but excluding any
share-based compensation plus (ii) a 15% markup to cover LFT’s general and administrative
expenses. In determining the amount
of the Departmental Expenses and the service fee hereunder, any accrued bonus will be
invoiced, subject to adjustments based on the actual amount of the bonus paid; and LFT will
deduct from its future invoices any over-charged bonus amount that LTI has already settled
or that has been collected on behalf of LTI by LFT’s China subsidiaries. In addition, the
service fee hereunder excludes any business tax under any applicable tax law which shall be
charged to LTI by LFT separately.”  

Section 2. General Provisions. This Addendum shall be governed by the laws of the
State of New York, without regard to its conflicts of laws principles. Except as specifically
amended by Section 1 above, the Management and Services Agreement is ratified and confirmed in all
respects and shall remain in full force and effect in accordance with its terms. Capitalized terms
not defined herein but defined in the Management and Services Agreement shall have the meanings
assigned thereto by the Management and Services Agreement.

[Signature Page Follows]

 

2

 

IN WITNESS WHEREOF, the parties have caused this Addendum to be executed by their duly
authorized representatives as of the day and year first above written.

	 	 	 	 	 
	 	LONGTOP FINANCIAL TECHNOLOGIES LIMITED

 	 
	 	By:  	/s/ Wai Chau Lin
 	 
	 	 	Name:  	Wai Chau Lin 	 
	 	 	Title:  	Chief Executive Officer 	 
	 
	 	LONGTOP INTERNATIONAL HOLDINGS LIMITED

 	 
	 	By:  	/s/ Hiu Kung Ka
 	 
	 	 	Name:  	Hiu Kung Ka 	 
	 	 	Title:  	Chairman of the Board of Directors 	 

 

3Exhibit 4.32

Exhibit 4.32

English Translation

ASSET TRANSFER AGREEMENT

THIS
OFFSHORE ASSET TRANSFER AGREEMENT (“Agreement”) is entered into on the 1st day of
April 2009 in Beijing, People’s Republic of China (“PRC”)

by and among

	(1)	 	Fully Pacific Ltd. (BVI) (“Seller”), a company duly established and existing under the laws
of British Virgin lslands, with its registered address at Akara Bldg., 24 De Castro Street
Wickhams Cay 1, Road Town, Tortola, British Virgin Islands;

	(2)	 	Shen Xiwu (“Management Shareholder”), a PRC resident with ID card no. 110103196111108003 and
with his principal residential address at Apt 604, Door No. 1, Block 38, Dongzhimenwai Dajie,
Beijing, China;

and

	(3)	 	Longtop Financial Technologies (BVI) Limited (“Purchaser”), a company duly established and
existing under the laws of British Virgin lslands, with its registered address at P.O.Box 957,
Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands. It is a
wholly-owned subsidiary in British Virgin Islands of Longtop Financial Technologies Limited
(listed on NYSE under the symbol “LFT”).

WHEREAS

	A	 	The Seller acquired the Assets from Sysnet Info-Tech Co., Ltd.
()
(“Operator”) and/or the Management
Shareholder, pursuant to the Assets Transfer Agreement
(“Offshore-ATA”) entered into by and between those parties on April
1st,
2009. After the completion of above said transactions,
the Seller or the third party designated by the Seller owns full right
and title to the Assets (as defined below), and is entitled to dispose
of the Assets which are used in the Business (as defined below) or the
operation related thereto.

	 
	B	 	The Operator is a joint stock company under PRC law, in which the
affiliate of the Seller holds 28% equity interests. The affiliate of
the Seller acquired 12% of the Operator’s equity interest pursuant to
the equity transfer agreement signed on April 1st, 2009
with the natural person shareholders of the Operator (“Natural Person
Shareholder Equity Transfer Agreement”). Therefore, upon the
completion of the foregoing transactions, the Seller holds an
aggregate 40% of the Operator’s equity interests. The Purchaser or the
third party designated by the Purchaser executed an equity transfer
agreement with Zhongqing Chuangyi Investment Management Co., Ltd
(“Zhongqing Investment”) (“State-owned Shareholder Equity Transfer
Agreement”) and shall acquire temporarily 60% of the Operator’s equity
interests
with a total consideration of RMB 63 million. Therefore the Seller and the Management
Shareholder agree, upon the Purchaser’s performance hereof, to repurchase the 60% equity
interests held by the Purchase or the third party designated by the Purchaser in accordance
with the post-Closing arrangement herein.

 

 

 

	C	 	The Purchaser’s wholly-owned subsidiary in the PRC, Beijing
Longtop Technology Co., Ltd (“Longtop WFOE”), has also
obtained tangible assets, personnel and business contracts
related to the Business from the Operator pursuant to the
Business and Assets Transfer Agreement (“BATA”) entered into
by and between those parties on April 1st,2009.
Also, the Management Shareholder and Longtop WFOE shall sign a
labor contract with service term not less than 5 years.

	 
	D	 	The Management Shareholder holds 100% of the Seller’s equity
interests. A decision, act, consent or instruction of the
Management Shareholder (including an amendment, extension or
waiver of this Agreement) shall be final, binding and
conclusive upon the Purchaser, and the Purchaser may rely upon
any such decision, act, consent or instruction of the
Management Shareholder as being the decision, act, consent or
instruction of each of the Seller.

	 
	E	 	The Seller wishes to sell to the Purchaser, and the
Purchaser wishes to purchase from the Seller, the Assets.

NOW, THEREFORE, the parties have agreed as follows:

Article 1 Definitions and Interpretations

	1.1	 	Definitions. Unless otherwise stipulated herein, the following terms shall have the meaning
set forth below:

	 	 	 	 	 
	 

	 	Assets
	 	the intangible assets acquired by the Seller from the
Operator and can be transferred to the Purchaser,
including, without limitation, the Operator’s intellectual
property rights and good will in connection with the
Websites, the Domain Names, the Trademarks and Software, as
set forth in Appendix II, provided that the insurance
business core system software (“Pharos System”) shall be
processed in accordance with Appendix IV;
	 
	 	 	 	 
	 

	 	Business
	 	all the business, services and trade conducted or engaged
in by the Management Shareholder, the Seller or the
Operator, and which are in connection with the development
of software and hardware, production and technical
services, and computer system integration service;

 

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	 	Business Contracts
	 	all business contracts signed by the Operator, as defined
and listed in the BATA;
	 
	 	 	 	 
	 

	 	Business Day
	 	a day on which commercial banks are open for corporate
business in the PRC;
	 
	 	 	 	 
	 

	 	Closing Date
	 	the date which is not more than 2 Business Days after all
of the Closing conditions as set forth in Article 7 have
been satisfied or waived in writing by the appropriate
party, provided that the Closing Date shall not be later
than May 31st, 2009 unless otherwise agreed to
in writing by the Seller and the Purchaser;
	 
	 	 	 	 
	 

	 	Closing Documents
	 	any certificates, consents, approvals, agreements, and
documents relating to the transactions contemplated by this
Agreement as are set forth on Appendix IV;
	 
	 	 	 	 
	 

	 	Domain Names
	 	the domain names related to the Business or the Websites
(as defined below) and that are now owned by the Seller,
which are part of the Assets;
	 
	 	 	 	 
	 

	 	Employees

	 	all employees employed in the Business, as defined and
listed in the Appendix II of BATA;

	 
	 

	 	Key Employees
	 	
Employees specified as Key Employees in Appendix II of BATA;
	 
	 	 	 	 
	 

	 	Force Majeure
	 	any earthquake, storm, fire, flood, war or other
significant event of natural or human-caused disaster
arising after signing hereof which is unforeseen,
unavoidable and not possible to overcome, and is beyond the
control of any party, and prevents the total or partial
performance of this Agreement;
	 
	 	 	 	 
	 

	 	Government Authority
	 	any competent government departments and authorities;
	 
	 	 	 	 
	 

	 	Law
	 	of a jurisdiction, means all laws and legislation of that
jurisdiction that are in effect, including laws,
regulations, decrees and any order, ruling, writ, judgment,
injunction or decree any government agencies and other
documents of a legislative, administrative or judicial
nature;
	 
	 	 	 	 
	 

	 	Liabilities
	 	any and all liabilities, claims, obligations, expenses or
damages, whether known or unknown, contingent or absolute,
named or unnamed, disputed or undisputed, legal or
equitable, determined or liquidated or unliquidated;

 

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	 	RMB
	 	Renminbi, the legal currency of the PRC;
	 
	 	 	 	 
	 

	 	Software
	 	the software used by the Operator in conducting the
Business, or that developed by the Operator for the
Business, which is now owned by the Seller and forms part
of the Assets, including, without limitation, any software
products developed for insurance business management
systems and other software tools used in the development
thereof. Please refer to the Appendix II for details, and
the Appendix IV for the disposal of the Pharos System.
	 
	 	 	 	 
	 

	 	Tax
	 	all forms of taxation, including, without limitation,
enterprise income tax, business tax, value-added tax, stamp
duty and individual income tax levied by the applicable tax
authorities pursuant to Law, as well as any penalty,
surcharge or fine in connection therewith;
	 
	 	 	 	 
	 

	 	Trademark
	 	All trademarkes listed in Appendix II;
	 
	 	 	 	 
	 

	 	Trade Secret
	 	any information relating to this Agreement, the Operator,
Seller, the Purchaser or the Business, including, without
limitation, any information regarding costs, technologies,
financial contracts, future business plans and any other
information deemed by the parties to be confidential, and
which is unknown by the public, has practical value and is
of economic benefit to the parties;
	 
	 	 	 	 
	 

	 	USD
	 	United States Dollar, the legal currency of the USA; and
	 
	 	 	 	 
	 

	 	Websites
	 	Websites corresponding to the domain names listed in
Appendix II.

	1.2	 	Headings. All headings used herein are for reference purposes only and do not affect the
meaning or interpretation of any provision hereof.

	1.3	 	Appendices. Any reference herein to an Article or Appendix is to an article or appendix of
this Agreement.

	1.4	 	Other References. Unless otherwise indicated, a reference herein to a day, month or year is
to a calendar day, month or year.

 

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Article 2 Sale and Purchase

	2.1	 	Purchase Price. Subject to the Closing (as defined below) the Seller shall sell, transfer,
convey assign and set over (“Transfer”) to the Purchaser, and the Purchaser shall purchase and
acquire from the Seller, the Assets free from any encumbrances, for a total consideration as
stipulated in Article 2.2 below (“Purchase Price”).

	2.2	 	Method and Schedule for
Payment. The total consideration of this transfer is US$ in an amount
equivalent to RMB 117 million (“Purchase Price”). The Purchase Price shall be paid as follows:

	 	2.2.1	 	First Consideration: within 5 business days following the signing of this
Agreement, the Purchaser shall pay US$ in an amount equivalent to RMB 48 million at one
time to the bank account designated by the Seller as the first consideration.

	 
	 	2.2.2	 	Second Consideration: within 10 business days after the Closing, the Purchaser
shall pay US$ in an amount equivalent to RMB 15 million at one time to the bank account
designated by the Seller as the second consideration.

	 
	 	2.2.3	 	Remaining consideration: the Purchaser shall pay the remaining consideration
(US dollars equivalent to RMB 54 million) pursuant to the Earnout Schedule listed in
Appendix VI hereof.

	 
	 	2.2.4	 	Exchange Rate: The applicable exchange rate for the above payment shall be the
RMB Central parity rate against USD issued by the People’s Bank of China on the payment
making date.

	2.3	 	Offset Right. Notwithstanding anything herein to the contrary, the Purchaser shall be
entitled to offset, against any consideration otherwise payable to the Seller pursuant to
Article 2.1, any amount which the Management Shareholder, Seller or Operator may owe to the
Purchaser or its affiliates. Without limiting the generality of the foregoing, the Purchaser
shall be entitled to reduce the cash payments otherwise payable to the Seller by an amount
equal to the aggregate amount due and payable by the Seller or the Operator to the Purchaser.

	2.4	 	Distribution. The Purchaser shall have no responsibility or liability with respect to the
Seller’s distribution of the Purchase Price, it being acknowledged and agreed that the Seller
shall have sole responsibility and liability with respect to the same.

 

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Article 3 Closing

	3.1	 	Closing Date. The closing of the transactions contemplated hereby (“Closing”) shall be held
in Beijing, on the Closing Date, and shall be effective as of 12:01a.m. local time on the
Closing Date. All matters at the Closing shall be considered to take
place simultaneously.

	3.2	 	Closing Documents. The Seller and the Purchaser shall deliver to each other at the Closing
the Closing Documents. The Seller and Management Shareholder further agree that at or
subsequent to the Closing, upon the written request of the Purchaser, it will promptly execute
and deliver or cause to be promptly executed and delivered, by itself or the Operator, any
further assignment, instruments of transfer and bills of sale or conveyances reasonably
necessary or desirable to vest fully in the Purchaser all of the Seller’s right, title and
interest in and to the Assets.

Article 4 Seller’s and Management Shareholder’s Representations and Warranties

The Seller and the Management Shareholder each jointly and severally represent and warrant as
follows and undertake the joint and several liabilities:

	4.1	 	Ownership of Assets. Based on the Offshore-ATA Closing, Appendix II sets forth all of the
assets of the Operator transferred to the Seller by the Operator. The Seller has good and
marketable title to the Assets, including to all underlying intellectual property rights, free
of any mortgages, pledges or encumbrances or other security interests, and is entitled to
transfer the Assets to the Purchaser, provided that the Pharos System shall be disposed of in
accordance with Appendix IV.

	4.2	 	Registration of Assets. Based on the Offshore-ATA Closing, the Operator and the Management
Shareholder have undertaken and maintained at their sole expense all registrations of the
intellectual property rights and other relevant rights of the Assets that are necessary to
protect them as proprietary property under applicable Laws, and the existence, or their
registration or use of such intellectual property does not infringe on the rights of others,
provided that the Pharos System shall be disposed of in accordance with Appendix IV.

	4.3	 	Software. Based on the Offshore-ATA Closing, the Seller shall have the right to transfer the
software at its sole discretion, and such right does not infringe any third party’s
copyright. No license to use the Software has ever been granted to any third parties,
provided that the Pharos System shall be disposed of in accordance with Appendix IV.

	4.4	 	Trademarks. Based on the Offshore-ATA Closing, the Seller is entitled to transfer the
trademarks (including the registered trademarks under application) at its sole discretion. In
all cases in where ownership does not infringe the copyright of any third party. The
Trademarks are free of any license, pledge or other encumbrance to third parties.

 

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	4.5	 	Websites and Domain Names. The Seller or the Operator owns or has all rights necessary to
use, publish, display and distribute the content that appears on the
Websites. The use of such content on the Websites (including, without limitation, all text
and images uploaded to the Website) does not infringe upon any third party’s intellectual
property rights and no third party has made any such claim, and no proceedings have been
instituted or, to the knowledge of Seller or the Management Shareholder, threatened
alleging any such infringement. Based on the Offshore-ATA Closing, the Seller shall have
the right to transfer the foregoing websites and domain names at its sole discretion, which
right shall effectively exist and continue.

	4.6	 	Disputes. Neither the Seller nor the Management Shareholder are aware of any pending or
threatened civil or criminal claims, prosecutions, lawsuits, investigations or other
proceedings for the Business, Assets and related transactions in connection with this
Agreement, Offshore-ATA, BATA, Natural Person Shareholder Equity Transfer Agreement and
State-owned Shareholder Equity Transfer Agreement; nor are the Seller or the Management
Shareholder aware of any contractual provisions or executable court rulings or injunctions
that may be binding upon or affect the Seller’s property; the Seller’s execution and
performance of this Agreement and the Purchaser’s implementation of any rights under this
Agreement do not violate the mortgage rights, contracts, rulings, decrees or Laws that are
binding upon the Seller or the Seller’s assets.

	4.7	 	Previous Statements. All of the representations and warranties made by the Seller, Management
Shareholder or the Operator in the Offshore-ATA, BATA and Natural Person Shareholder Equity
Transfer Agreement were at the time they were made, and remain in their entirety, true and
accurate.

	4.8	 	All Necessary Assets. The Assets represent all of the intangible assets (except for the
tangible assets included in the BATA) necessary for the operation and promotion of the
Business, and there are no intangible assets which have been used in the ordinary operation of
the Business that are not included in the Assets.

	4.9	 	Governmental Consents. Except for the foregoing registrations, no consent, approval, order or
authorization of, or registration, qualification, designation, declaration or filing with, any
PRC, local or foreign governmental, regulatory or other authority on the part of the Seller or
the Operator is required in connection with the consummation of the transactions contemplated
by this Agreement.

Article 5 Representations and Warranties of Seller and Purchaser

The Seller and the Purchaser each represent and warrant that:

	5.1	 	Due Establishment. It is an independent legal entity formally established at its place of
incorporation, and has obtained all government approvals and registrations necessary for its
existence, which approvals and registrations are continuing and effective and it has
sufficient authority to conduct its business in accordance with its
business license, approval certificate, articles of association or similar corporate
documents;

 

- 7 -

 

	5.2	 	Authorization. It is fully authorized to sign this Agreement and to fulfill its obligations
hereunder;

	5.3	 	No Violation. Its signing of this Agreement and performance of any of its obligations
hereunder will not violate:

	 	5.3.1	 	its business license, approval certificate, articles of association or similar
corporate documents;

	 
	 	5.3.2	 	any applicable Laws, or the conditions attached to any authorization or
approval granted by any Government Authority; and

	 
	 	5.3.3	 	any agreement which is binding on the party;

	5.4	 	Litigation. There is no lawsuit, arbitration or other legal or government procedure pending or threatened against it which, based on its knowledge,     could materially and adversely affect its performance of this Agreement;

	5.5	 	Disclosure. It has disclosed to each of the other parties all documents issued by any
Government Authority that might have a material adverse effect on the performance of its
obligations under this Agreement;

	5.6	 	No Dissolution. It is not the subject of any liquidation or dissolution proceedings; and

	5.7	 	No Bankruptcy. It has neither been declared bankrupt by a court of competent jurisdiction nor
entered into any bankruptcy proceedings.

The Management Shareholder further represents and warrants to the Purchaser that:

	5.8	 	It has been fully authorized to sign this Agreement and has capability to fulfill its
obligations hereunder;

	5.9	 	signing, delivery and performance of this Agreement or other related documents in which it is
a party will not violate any contract, agreement, commitment or any
other legal arrangement,
legal or mandatory provision biding on the Management Shareholder, or conflict with such
provisions;

	5.10	 	It has obtained any and all
third party’s written consent necessary for the signing, delivery
and performance of this Agreement and transactions contemplated by this Agreement; and

	5.11	 	There is no pending lawsuits, third party claims, decrees or investigations against the
Management Shareholder instituted by any third party, court, government or arbitration
committee.

 

- 8 -

 

Article 6 Pre-Closing Covenants

Prior to the Closing, the Seller and the Management Shareholder shall ensure all of the following:

	6.1	 	Notification. Between the date of this Agreement and the Closing, the Seller or the
Management Shareholder will promptly notify the Purchaser in writing pursuant to the Article
13.1 hereof if the Seller or the Management Shareholder become aware of any fact or condition
that causes or constitutes a breach of any of the Seller’s representations and warranties as
of the date of this Agreement, or if the Seller or the Management Shareholder becomes aware of
the occurrence after the date of this Agreement of any fact or condition that would (except as
expressly required by this Agreement) cause or constitute a breach of any such representation
or warranty.

	6.2	 	No Solicitation or Negotiation. The Management Shareholder and the Seller shall direct and
cause the Operator and any other affiliate and any officer, director and employee of, or any
investment banker, attorney or other advisor or representative of, the Operator, or any
affiliate not to, directly or indirectly, engage in, solicit, initiate, or encourage any
inquiries or proposals from any individual or entity (other than the Purchaser) relating to
any transaction involving the Transfer or sale of all or any part of the Assets, the Business
or the share, or any merger, consolidation, business combination, or similar transaction
involving the Operator or the Business (any such transaction, a Competing Transaction) or
participate in any discussions or negotiations regarding, or furnish to any individual or
entity any information with respect to any Competing Transaction.

	6.3	 	Publicity. Neither the Sellers, the Management Shareholder, the Operator nor their affiliates
shall issue a press release or public announcement related to this Agreement, or the
transactions contemplated hereby, without the written approval of the Purchaser, unless
required by the law of jurisdiction (in the reasonable opinion of outside counsel), in which
case the Sellers and Management Shareholder shall use reasonable efforts to give the Purchaser
the opportunity to review such press release or announcement prior to publication and, where
practicable, agree to the form and wording of such release or announcement.

	6.4	 	Tangible Asset Assignment. The Seller and the Management Shareholder shall cause the Operator
to, cooperate with Longtop WFOE in order to assign all of tangible assets to Longtop WFOE
(list attached). The Seller shall ensure that such assignment is effected in material
compliance with all applicable Laws and in material compliance with any contractual or other
obligations owing to any Government Authority or other individual or entity.

	6.5	 	Business Contract Assignment. In accordance with the BATA, the Seller and the Management
Shareholder shall cause the Operator to, cooperate with Longtop WFOE in order to assign all of
the Business Contracts to Longtop WFOE. The Seller
shall ensure that such assignment is effected in material compliance with all applicable
Laws and in material compliance with any contractual or other obligations owing to any
Government Authority or other individual or entity, except otherwise requested by the
Purchaser or its affiliates.

 

- 9 -

 

	6.6	 	Employee Transition

The Seller shall, and the Management Shareholder shall cause the Operator to, cooperate with
Longtop WFOE in order to transfer the Employees to Longtop WFOE or its designated party.
The Seller shall ensure that such transfer is effected in material compliance with all
applicable Laws and any contractual or other obligations owing to any Government Authority
or other individual or entity, except otherwise requested by the Purchaser or its
affiliates.

Severance payment of the management staff (such as Financial officers, business
officers, business managers, administrative staff and human resource staff) dismissed within
6 (six) months since January 1st, 2011, shall be borne by the Seller and Management
shareholder; Severance payment of above mentioned personnels dismissed after 6 (six)
months since January 1st, 2011, shall be borne by the Purchaser. Severance payment of
non-management staff dismissed after January 1st, 2011 shall be borne by the Purchaser”.
Severance payment of the employees dismissed before January 1st, 2011 shall be calculated
into the performance assessment; indemnification due to the service period (for the
Operator ) before January 1st, 2011 of such personnel shall be borne by the Seller and the
Management Shareholder; Compensation based on service period after January 1st,
2011 shall be borne by the Purchaser.

	6.7	 	Equity Transfer of the Operator

For the purpose of the such Equity Transfer, the Seller and the Operators shall use their
best reasonable efforts to cause the execution of an equity transfer agreement by and
between natural person Shareholders and the Purchaser (ETA) and undertake any approval
procedures with the Government Authorities, therefore enable the Seller to legally hold the
40% shares of the Operator. The Seller shall ensure that such transfer is effected in
material compliance with all applicable Laws and any contractual or other obligations owing
to any Government Authority or other individual or entity, except otherwise requested by the
Purchaser or its affiliates.

The Seller and the Management Shareholder shall use their best reasonable efforts to cause
the execution of the state owned equity transfer agreement by and between Zhongqing
Investment and the Purchaser or its appointed third party, therefore enable the Purchaser or
its appointed third party to legally and temporarily hold the 60% shares of the Operator.

	6.8	 	Use. The Seller and the Operator are entitled to continue using the Assets for the purpose of
the Business until the Closing Date, for no consideration other than that for loss or damage
(if any).

 

- 10 -

 

	6.9	 	Maintenance. Until the Assets are delivered to the Purchaser, the Seller shall be responsible
for the custody and maintenance of the Assets. Any loss of or damage to the Assets, for
reasons other than the fault solely of the Purchaser or any of its affiliates, shall be deemed
as the Seller’s failure and related indemnification shall be undertaken by the Seller.

	6.10	 	Approval. The Seller and the Management shareholder shall cause the Operator to obtain all
necessary government authority approvals and company board of directors or board of
shareholders resolutions required for the Offshore-ATA and BATA.

	6.11	 	Supervisory personnel. From the day first consideration is made, Purchaser is entitled to
appoint one financial and one legal personnel to the Operator to access information about
assets and business, to assist with the execution of this Agreement, BATA, Offshore-ATA ,
Natural Person shareholder Equity Transfer Agreement and State-owned shareholder Equity
Assignment Agreement (if applicable); Such personnels are entitled to audit the Operator’s
financial results and legal affairs. The Seller has the obligation to cooperate with the
necessary premises, facility and access to information.

Article 7 Closing Conditions

	7.1	 	Obligation to Purchase: The Purchaser’s obligation to purchase the Assets and to take the
other actions required of it at the Closing, is subject to the satisfaction, at or prior to
the Closing, of each of the following conditions (any of which may be waived by the Purchaser,
in whole or in part by written due to the reasons of legal regulations or administrative
approval procedures, which result in delayed assignment of the conditional assets after the
closing date; meanwhile, indemnification occurred to the Seller and Management Shareholder for
the assignment delay shall be waived):

	 	7.1.1	 	Accuracy of Representations.

	 	7.1.1.1	 	Each of the Seller’s and Management Shareholder’s representations and
warranties in this Agreement must have been true and correct as of the date of
this Agreement, and must have been true and accurate as of the Closing Date as
if made on the Closing Date.

	 
	 	7.1.1.2	 	Each of the Seller’s and Management Shareholder’s representations and
warranties in the Offshore-ATA , BATA, Natural Person Shareholder Equity
Transfer must have been true and correct as of the date of this Agreement, and
must have been true and accurate as of the Closing Date as if made on the
Closing Date.

	 	7.1.2	 	Seller’s Performance. Each of the covenants and obligations that the Seller,
Management Shareholder and/or the Operator are required to perform or to comply with
pursuant to this Agreement, the BATA or the ATA must have been
duly performed and complied with in all material respects at or prior to the
Closing, and the Seller must have executed and delivered each of the Closing
Documents.

 

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	 	7.1.3	 	No Injunction or Prohibition. Since the date of this Agreement, there must not
be in effect any injunction, prohibition or Law restraining or prohibiting the
consummation of the transactions contemplated by this Agreement, the ATA or the BATA,
including the Transfer of the Assets.

	 
	 	7.1.4	 	Ownership. Subject to Article 7.1.5, the ownership in all the Assets must have
passed to the Purchaser or its appointed related parties. To facilitate the transfer
process, both Purchaser and Seller agree, ownership are considered to be transferred to
the Purchaser upon the assignment of all the assets from Operator and/or Management
Shareholder to the Purchaser or its appointed related parties, except stipulated
regarding Pharos System at the appendix IV.

	 
	 	7.1.5	 	Registration. If the Transfer in any Assets is required to be registered with
any Government Authority or other relevant authorities, the Seller must have submitted
or make any third party to submit all necessary documents for registration of the
ownership transfer prior to the Closing Date, except the stipulation regarding Pharos
System set forth in Appendix IV.

	 
	 	7.1.6	 	Board Resolutions. The Seller must provide the Purchaser with a copy of the
resolutions of the Seller’s board and the sellers Shareholders at the Closing Date,
showing their respective ratification of this Agreement.

	 
	 	7.1.7	 	Approval. In the event that there is a transfer or disposal of 12% equity,
business and/or assets under this Agreement, the BATA or the ATA will be required to
obtain approval from a Government Authority or other relevant authorities, and the
seller shall ensure that such approvals are acquired; except otherwise requested by the
Purchaser or its affiliates.

	 
	 	7.1.8	 	Delivery. The Seller must have delivered all Closing Documents indicated in
Appendix V that relating to the ownership of the Assets to the Purchaser on the Closing
Date.

	 
	 	7.1.9	 	Source Code. The Seller must have delivered the source code and all other
documents relating to the Software to the Purchaser as of the Closing Date.

	 
	 	7.1.10	 	Opinion of Counsel. The PRC counsel to Seller must have delivered the legal opinion
in the form of Appendix VII.

	 
	 	7.1.11	 	Management Shareholder Period of Service. Management Shareholder shall sign labor
contracts (with term not less than 5 years) with Purchaser or its appointed related
parties since the signing date of this Agreement. Within 3 years since the labor
contract is entered, Management Shareholder shall not resign, or otherwise his or her
resignation is considered to be a breach to
the agreement between the Seller and the Management Shareholder.

 

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	 	7.1.12	 	Performance prior to Closing. Each of the sales and purchase (including but not
limited to tangible assets passing to Longtop WFOE) under BATA and Offshore-ATA have
been closed; Employee (including Senior management and key employees) have entered
satisfied labor contracts with Longtop WFOE with proper stipulations of non-disclosure,
non-compete obligations and confidentiality terms; The Seller and the Management
Shareholder have used their best reasonable efforts to cause the execution of the
BATA, so that all the business contract under such agreement are transferred to Longtop
WFOE.

	7.2	 	Obligation to Transfer: Seller’s obligation to Transfer the Assets and to take the other
actions required at the Closing, is subject to the satisfaction, at or prior to the Closing,
of each of the following conditions (any of which may be waived by the Seller, in whole or in
part):

	 	7.2.1	 	Accuracy of Representations. Each of the Purchaser’s representations and
warranties in this Agreement must have been true and correct as of the date of this
Agreement, and must have been true and correct as of the Closing Date as if made on the
Closing Date.

	 
	 	7.2.2	 	Performance. Each of the covenants and obligations that the Purchaser is
required to perform or to comply with pursuant to this Agreement at or prior to the
Closing must have been duly performed and complied with in all material respects, and
the Purchaser must have executed and delivered each of the documents required to be
delivered by it hereunder.

	 
	 	7.2.3	 	Sufficient Funds. The Purchaser must have sufficient funds (or access to
sufficient funds) available to it to fulfill its obligations under Article 2.2.

Article 8 Post-Closing Obligations

	8.1	 	Closing and Post-Closing Obligation for Certain Taxes. All Tax, and all recording or filing
fees, and other similar costs of Closing applicable to the Transfer
of the Intangible Assets
will be borne by the Purchaser.

	8.2	 	Non-Competition. The Seller and the Management Shareholder shall not (and the Management
Shareholder shall take any and all reasonable actions to ensure the Operator not), for a
period of 5 years after the Closing Date, directly or indirectly:

	 	8.2.1	 	own, manage, operate, invest, join, or control, or participate in the
ownership, management, operation, investment or control of, or be associated as a
director, partner, lender, investor or representative in connection with, any business
or enterprise in the PRC which designs or produces software products relating to the
operational solutions and/or analysis for enterprises or business intelligence or
otherwise competes with the Business (except with the Purchaser or Longtop WFOE); or

	 	8.2.2	 	solicit, induce or attempt to induce any person employed by the Purchaser or
Longtop WFOE or other designated association to enter the employ of any other person or
entity.

 

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	8.3	 	Purchase Effect. The purchase of the 12% equity of the Operator under Natural Person Equity
Transfer Agreement, the intangible asset transfer under Offshore-ATA and purchase of the
business and assets under the BATA, shall remain in force after the Closing Date. Such
transfer shall not be announce to be invalid or cancelled in any forms by the Government
Authority, organization, courts or arbitral authority upon the required filing or registration
due to the Seller or Management shareholder’s reason.

	8.4	 	Operator’s Equity Transfer. Within 3 (three) months after the Closing, the Seller and
Management Shareholder shall continue to make their efforts to cause the execution of the
equity transfer set forth in the Article 6.7(which result in: 40% equity of the Operator hold
by Seller and 60% equity of Operator shall be legally hold by the Purchaser or its appointed
third party temporarily. )

	8.5	 	Offshore equity repurchase and the Seller purchase stock option.

Within 10 business days after closing of the 60% equity transfer stated in Article 8.4, the
Seller shall enter an equity repurchase agreement with the Purchaser to entitle a lowest
lawful consideration for the Seller to acquire the Operator’s 60% equity from the Purchaser
or its appointed third party. The transfer method shall be further agreed by both parties.
All the required approval and registration procedure shall be completed within 30 business
days from the Closing date, so that the Purchaser completely spin-off from the Operator. The
Purchase shall assure that the Seller can repurchase the 60% equity of the Operator at the
price of one (1) US Dollar.

All parties agree hereby that Purchaser will hold the 60% equity of the Operators on behalf
of the Seller temporarily. Except the supervisory personnel set forth in Article 6.11,
Purchaser and its related parties shall not be involved in the business operations of the
Operator. The Purchaser is not entitled with the 60% shareholder’s rights, including but not
limited to the right to vote, right to appoint board directors and management staff, and
right to obtain the profit allocation.

The Seller and the Management Shareholder agree that the Operator shall not get involved
into the related business within 20 (twenty) years after Closing date. The Seller and the
Management Shareholder further agree that business information of the Operator’s, such as
financial statements can be submitted to the Purchaser for monitoring and inspection
purpose.

	8.6	 	Trade Secret. The Seller and the Management Shareholder shall not (and shall take any and all
reasonable actions to ensure that the Operator not) at any time after the Closing, copy,
divulge, or permit to be divulged to others, or use in any way any Trade Secret except in
accordance with the Purchaser’s prior written authorization or by such Government Authority,
of the information so ordered disclosed.

 

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	8.7	 	Software Registrations. The Seller and the Management Shareholder shall cause the Purchaser
or its designated third party to be registered with the relevant Government Authority in the
PRC as the owner of the copyright over the Software within 30 days after the Closing Date,
except the stipulation regarding Pharos System set forth in Appendix IV.

	8.8	 	Trademark Registration. The Seller and the Management Shareholder shall ensure that the
Purchaser, or its affiliate, registers its ownership of the Trademarks with the relevant
Government Authority in the PRC within 6 months after the Closing Date.

	8.9	 	Indemnification. The
Seller and the Management Shareholder agree to jointly indemnify,
defend and hold harmless the Purchasers, Longtop WFOE, and their respective affiliates, and
the partners, members, Key Shareholders, managers, directors, employees and agents of each of
the foregoing, from and against and in respect of any and all demands, claims, actions or
causes of action, assessments, losses, damages, liabilities, interest and penalties, costs and
expenses (including, without limitation, the indemnification listed in the Appendix VIII),
resulting from, arising out of any actions conducted prior to the Closing date by the Seller,
Operator, and/or Management Shareholder.

The Purchaser and/or Longtop WFOE and their respective affiliates, agree to jointly
indemnify the Seller or the Management Shareholder, and the partners, members, Key
Shareholders, managers, directors, employees and agents of each of the foregoing, from and
against and in respect of any and all demands, claims, actions or causes of action,
assessments, losses, damages, liabilities, interest and penalties, costs and expenses,
resulting from, arising out of any actions conducted prior to the Closing date for the
purpose of execution this Agreement by the Purchaser and/or Management Shareholder.

	8.10	 	Others. Seller and Management shareholder or Operator shall assure the performance of its
obligations under this Agreement, Natural Person Shareholder Equity Transfer Agreement, BATA
including but not limited to immediately sign, Transfer documents delivery, performance of its
obligations and acquire its interests and rights hereunder. The Seller is not entitled to
cancel any registration for transfer under this Agreement, Offshore-ATA or BATA without prior
written consent from the Purchaser on the premise that the Purchase is performance its
obligation hereunder.

Article 9 Breach

	9.1	 	Events of Breach. The occurrence of any one or more of the following events shall constitute
a breach of this Agreement:

	 	9.1.1	 	any party violates any material provision hereof or fails to perform in any
material respect its obligations hereunder, and such breach or nonperformance has not
been remedied for a period of 15 days after receipt of written notice from another
party requesting such remedy; or

	 	9.1.2	 	any representation or warranty made by any party herein shall prove to have
been false or misleading in any material respect.

 

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	9.2	 	Liabilities for Breach.

	 	9.2.1	 	Where any party commits a breach of this Agreement, it shall be liable
to compensate the other parties for any and all damages caused as a result of the
breach, not including, however, indirect or consequential damages.

	 
	 	9.2.2	 	If for any reason due to the breach of this Agreement by the Seller and/or the
Management Shareholder that occurs damages to the Purchaser or its affiliate, the
Seller and the Management Shareholder shall be jointly and severally liable to such
damages.

	 
	 	9.2.3	 	If for any reason due to the breach of this Agreement by the Purchaser that
incurs damages to the Seller and/or the Management Shareholder and/or their affiliate,
the Purchaser shall be liable to such damages.

	 
	 	9.2.4	 	In the case that the Purchaser fails to pay consideration within agreed period
herein and does not provide remedy within 15 days after receiving written notice from
the other party, shall pay overdue liquidated damages to the Seller. The liquidated
damage shall be one-hundredth of a percent of the amount payable in the payment period
per day.

	 
	 	9.2.5	 	The Seller and Management
Shareholder, in case fail to perform covenants in
Article 8.2, shall pay RMB 20,000,000 as liquidated damages to the Purchase. If such
liquidated damages is insufficient for repairing losses occurs to the Purchaser, the
Seller and Management Shareholder shall be jointly liable for the insufficient
indemnification.

Article 10 Force Majeure

	10.1	 	Consultation. In the event of Force Majeure, the parties shall promptly consult with each
other to find a solution to the situation.

	10.2	 	Exemption. Should the occurrence of a Force Majeure result in the Seller or the Purchaser’s
failure to perform its obligations under this Agreement in whole or in part, the affected
party may, unless otherwise stipulated by applicable Law, be exempted from performing those
obligations to the extent of the effect of the Force Majeure in question.

	10.3	 	Best Efforts. Subject to this Article 10, the party affected by Force Majeure may suspend the
performance of its obligations under this Agreement to the extent and for the duration thereof
until the effect of the Force Majeure no longer operates. However, that party shall exert its best efforts to remove any impediments resulting from
the Force Majeure and to minimize to the greatest possible extent any damages incurred.
With the agreement of the parties, the term of this Agreement shall be extended by the
period of such suspension without penalty to any party.

 

- 16 -

 

	10.4	 	Written Evidence. The party claiming Force Majeure shall, as soon as possible after the
occurrence of the Force Majeure, inform each of the other parties of the situation and specify
the reason for its failure to perform this Agreement, so as to minimize the damages inflicted
upon that party, and shall provide each of the other parties with written evidence, certified
by the relevant Government Authority, of the occurrence of the Force Majeure.

	10.5	 	Non-Exemption. A party shall not be exempted from performing its obligations under this
Agreement where Force Majeure occurs after the delay by that party to perform such
obligations.

	10.6	 	Termination. If Force Majeure prevails for a period of 30 days or more and has a material
adverse effect on this Agreement, then the applicable party may terminate this Agreement in
accordance with Article 11.

Article 11 Termination

	11.1	 	Conditions of Termination. This Agreement may only be terminated as listed below, namely:

	 	11.1.1	 	by mutual written consent of the parties;

	 
	 	11.1.2	 	by the Purchaser, if any of the Seller or Operator or Management Shareholder or any
person in the affiliate breaches in any material respect its representations and
warranties or other agreements or covenants herein, or under the Natural Person
Shareholder Equity Transfer Agreement ,BATA, the Offshore-ATA or under any other
agreement related to this agreement or the transaction hereunder, and if the breaching
party fails to remedy within 10 days after the receipt of a written notice from the
Purchaser requesting such remedy;

	 
	 	11.1.3	 	by either the Purchaser or the Seller, if the Closing has not occurred (due to the
non-breaching party’s requirement to terminate this Agreement because of any material
breach of this Agreement by the breaching party) on or before the Closing Date or such
later date as the Seller and the Purchaser may agree upon;

	 
	 	11.1.4	 	by either the Purchaser or the Seller, if the other party becomes insolvent or
declares bankruptcy or terminate its operation;

	 
	 	11.1.5	 	by either the Purchaser or the Seller if the other party is affected by Force
Majeure, by serving a written notice to such other party as set forth in Article
10;

	 	11.1.6	 	by the Purchaser, if any of the Seller or the Management Shareholder expressly
states or by its conduct indicates that it will not execute the whole or part of its
obligations hereunder; or

	 
	 	11.1.7	 	by any of the Seller or the Management Shareholder, if the Purchaser expressly
states or by its conduct indicates that it will not execute any of its obligations
hereunder.

 

- 17 -

 

	11.2	 	Termination Process. This Agreement shall be terminated when either party of the Seller,
the Purchase and/or the Management shareholder terminate it pursuant to Article 11.1 and send
written notice to other parties pursuant to Article 13.1, no other actions from other parties
shall be needed.

	11.3	 	Termination Effect. The termination of this Agreement shall not affect any rights and
obligations which have accrued prior to the termination; provided, however, that nothing
herein shall relieve any party of any liability before the termination of this Agreement.

	11.4	 	Refund of Purchase Price.

	 
	 	 	Except limitation to the Termination Effect by Article 11.3, if the Purchaser
terminates this Agreement due to any breach of Article 11.1 by the Seller, the Seller shall,
in addition to its indemnification liability specified in Article 9.2.1, refund the
Purchase Price and payable interest to the Purchaser within 10 business days upon the
receipt of written notice from the Seller, and all tangible/intangible assets and/or
employees and/or business contracts which originally belong to the Seller but having been
obtained by the Purchaser may not be returned to the Seller or Operator.

	 
	 	 	Except limitation to the Termination Effect by Article 11.3, if the Seller terminates this
Agreement for any breach of Article 11.1 by the Purchaser, the Purchaser shall be liable for
the indemnification as specified in Article 9.2.1 and return all the tangible/intangible
assets and employees which originally belong to the Seller but having been or being
transferred to the Purchaser within 10 business days upon the receipt of written notice
from the Seller, and shall not require the Seller to refund the paid Purchase Price or
employ Seller’s employees within 3 years thereafter.

Article 12 Governing Law and Dispute Resolution

	12.1	 	Governing Law. This Agreement shall be governed by the PRC law. Where PRC law is silent on a
particular matter relating to this Agreement, reference shall be made to international
commercial practice.

 

- 18 -

 

	12.2	 	Dispute Resolution.

	 	12.2.1	 	Mediation. If any dispute arises in connection with this Agreement, the parties shall
attempt in the first instance to resolve such dispute through friendly consultation or
mediation.

	 
	 	12.2.2	 	Arbitration. If the dispute cannot be resolved in the above manner within 30 days
after the commencement of consultations, either party may submit the dispute to
arbitration as follows:

	 	12.2.2.1	 	all disputes arising out of or in connection with this Agreement shall be
finally settled under the Rules of Beijing Arbitration Commission by
arbitrators appointed in accordance with those rules; and

	 
	 	12.2.2.2	 	the arbitration shall be held in Beijing and conducted in the Chinese
language, with the arbitral award being final and binding upon the parties.
The cost of arbitration shall be allocated as determined by the arbitrator.

	 	12.2.3	 	Continued Performance. When any dispute is submitted to arbitration, the parties
shall continue to perform this Agreement.

Article 13 Notices 

	13.1	 	Notice. All notices and communications between the parties shall be made in writing and in
the English and/or Chinese languages by fax, delivery in person (including courier service) or
registered mail to the addresses set forth below:

Seller: Fully Pacific Ltd. (BVI)

Address: Akara Bldg., 24 De Castro Street Wickhams Cay 1, Road Town, Tortola, British Virgin Islands

Fax:

Tel:

Attention: Shen Xiwu

Management Shareholder: Shen Xiwu

Address: APT 604, Door NO. 1 Block 38, Dongzhimenwai Dajie, Beijing, China

Fax:

Tel: 13901051266

Attention: Shen Xiwu

Purchaser: Longtop Financial Technologies (BVI) Limited

Address: Room A, 10/F, City Garden, Dianqi Avenue, NorthPoint, HongKong

Fax: 852-28562193

Tel:

Attention: Zhao Wei

 

- 19 -

 

CC:

TransAsia Lawyers

Address: Suite 2218 China World Tower 1, 1 Jianguomenwai Avenue, Beijing 100004, PRC

Attention: Ma Yong

	13.2	 	Time of Receipt. The time of receipt of the notice or communication shall be deemed to be:

	 	13.2.1	 	the time set forth in the transmission journal in the case of a facsimile
transmission, unless such facsimile transmission is sent after 5:00 p.m., in which
event the date of receipt shall be deemed to be the following business day in the place
of receipt;

	 
	 	13.2.2	 	the time of signing of a receipt by the receiving party in the case of delivery in
person (including courier service); and

	 
	 	13.2.3	 	seven days from that shown on the official postal receipt in the case of registered
mail.

Article 14 Miscellaneous

	14.1	 	Entire Agreement. This Agreement represents the full agreement of the parties as to the
subject matter hereof, and shall supersede all prior discussions, proposals, negotiations and
agreements.

	14.2	 	Amendment. This Agreement can only be modified, altered or supplemented through written
agreements signed by all parties.

	14.3	 	No Waiver. Failure or delay on the part of any party to exercise any right under this
Agreement shall not operate as a waiver thereof.

	14.4	 	Severability. The invalidity of any provision of this Agreement shall not affect the validity
of any other provision of this Agreement which is unrelated to that provision.

	14.5	 	Language. This Agreement shall be prepared in 3 (three) sets of originals in Chinese, with 1
for each party.

	14.6	 	Taking Effect. This Agreement shall be effective upon signing by the parties or their
authorized representatives and shall be affixed with their respective company seals.

[The space below is intentionally left blank.]

 

- 20 -

 

IN WITNESS WHEREOF, the parties have arranged for this Agreement to be signed by themselves or
their duly authorized representatives on the date first indicated above.

Fully Pacific Ltd. (BVI)

For and on behalf of

Fully Pacific LTD.

	 	 	 	 	 	 	 
	Signature:
	 	/s/ Xiwu Shen	 	 
	 	 	Name:	 	Xiwu Shen	 	 
	 

	 	Title: 	 	Authorized Signature(s)	 	 

Shen Xiwu

	 	 	 	 	 
	Signature:

	 	/s/ Xiwu Shen
 

	 	 

Longtop Financial Technologies (BVI) Limited (SEAL)

	 	 	 	 	 
	Signature:

	 	/s/ Wai Chau Lin
 

Name: Wai Chau Lin
	 	 
	 

	 	Title:	 	 

 

- 21 -

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