Document:

Second Agreement dated April 30, 2000

 Exhibit 10.14 
  
 DATED the 30th day of April 2000 
  
 BEIJING WATCH DATA SYSTEM CO., LTD. 
  
 and

  
 BEAVER DEVELOPMENTS LIMITED 
  
 and 
  
 BEIJING INTERNATIONAL TECHNOLOGY COOPERATION 
 CENTER 
 GUANG DONG TUCSON TECHNOLOGY LIMITED 
 MANNING INVESTMENT LTD. 
 TIANJIN
DEVELOPMENT AREA TUNG YAN SOFTWARE 
 TECHNOLOGY LIMITED 
  
 and 
  
 STANDARD INTERNATIONAL HOLDINGS COMPANY 
  

  
 SECOND AGREEMENT 
  

 THIS Agreement is made the 30th day of April 2000 
  
 BETWEEN 
  

	(1)	BEIJING WATCH DATA SYSTEM CO., LTD., incorporated as a sino-foreign joint venture company in the People’s Republic of China (the
“Company”); and 

  

	(2)	BEAVER DEVELOPMENTS LIMITED, incorporated in British Virgin Islands with its registered office at the offices of Offshore Incorporations Limited, P.O. Box 957,
Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands (the “Subscriber” or the “Investor”). 

  

	(3)	BEIJING INTERNATIONAL TECHNOLOGY COOPERATION CENTER; GUANG DONG TUCSON TECHNOLOGY LIMITED; MANNING INVESTMENT LTD.; TIANJIN DEVELOPMENT AREA TUNG YAN SOFTWARE TECHNOLOGY
LIMITED and STANDARD INTERNATIONAL HOLDINGS COMPANY (collectively the “Existing Shareholders”) 

  
 In consideration of the Subscriber and the Existing Shareholders entering into the First Agreement, a copy of which is attached hereto and the Chinese Agreement (as
defined in the First Agreement), the parties hereby agree as follows:- ) 
  

	1.	The terms of this Second Agreement supplement the provisions in the First Agreement and the Chinese Agreement and represent the entire terms and conditions upon which the
Subscriber, has subject to the terms of this Second Agreement, the First Agreement and the Chinese Agreement agreed to subscribe for 33.33% of the Company (as defined in the First Agreement) for an aggregate amount of US$5,000,000 of which
US$724,891 shall be paid in accordance with the terms of the First Agreement and the balance of US$4,275,109 based on this Second Agreement. 

  

	2.	The Subscriber’s obligations to invest in the Company in accordance with the terms of the First Agreement and the Chinese Agreement is conditional upon the First Agreement
becoming unconditional. If any of the conditions are not fulfilled or waived by the Subscriber at or before 31 July 2000, the Subscriber shall be entitled to treat this Second Agreement, the First Agreement and the Chinese Agreement (save for Clause
5 below) as terminated whereupon all obligations of the Subscriber under these agreements shall end. 

  

	3.	On the third business day after the completion of the issuance of 33.33% of the Company’s share capital to the Subscriber in accordance with the terms of the First Agreement
and the Chinese Agreement, the Subscriber shall (subject to Clause 5 below) pay US$4,275,109 to an offshore account maintained and owned by the Company or a wholly-owned subsidiary of the Company incorporated in Singapore. 

 

	4.	Based on projection prepared by the Company, the Company anticipates that the Company’s net profits after tax (“NPAT”) shall be RMB17.7 million
(“A”) and RMB38.3 million (“B”) for the financial years ending 31 December 2000 and 31 December 2001 respectively. 

  

 1 

	 	(i)	If the audited NPAT for the financial year ending 31 December 2000 (“AA”) is less than 80% of A, and the combined NPAT for the two years ending 31 December 2001
(“CC”) is blow 80% of RMB56.0 million (“C”), the Company shall as soon as its audited reports are issued pay the Subscriber in cash a sum equivalent to (C-CC) ÷ C x US$5.0 million (subject to a maximum
repayment of US$2.5 million). 

  

	 	(ii)	If AA is above 80% of A, and the audited NPAT for the financial year ending 31 December 2001 (“BB”) is below 80% of B, the Company shall as soon as its audited
reports are issued pay the Subscriber in cash a sum equivalent to (C – A – BB) ÷ C x US$5.0 million (subject to a maximum repayment of US$2.5 million). 

  

	 	(iii)	The Company would not be obliged to make any payment pursuant to (i) or (ii) above, if the NPAT for the 2 financial years ending 31 December 2001 before advertising and
international market promotion was not less than RMB57.5 million provided the total expenses for advertising did not exceed RMB4.0 million for the period ended 31 December 2000 and the international market promotion did not exceed rMB4.0 million for
the period ended 31 December 2000. 

  

	 	(iv)	The payment referred to in Clause (i) and/.or (ii), shall not made by the Company and if the Company is unable to pay such amount, the Existing Shareholders shall pay the Subscriber
for such shortfall that the Company is unable to pay itself. 

  

	 	(v)	In the event AA exceeds 120% of A and BB exceeds 120% of B, or CC exceeds 120% of C, the Directors of the Company shall distribute an amount equivalent to (CC – C) x 33.3% as
special bonus to such employees of the Group as the majority of the Directors of the Company shall resolve. 

  

	5.1	The Subscriber acknowledges that the Company has funding needs prior to completion of the acquisition of the Subscriber’s shareholding interest in the Company. Subject to the
Subscriber obtaining such legal opinion that it considers necessary from the Company’s legal advisers and there has been to breach of any of the terms, representations and warranties in the First Agreement and the Chinese Agreement, the
Subscriber agrees to advance US$2,000,000 to the Company within 20 days from the date of this Second Agreement. Such advance shall be paid to the Company’s off-shore account and a representative of the Subscriber shall be appointed to be a
co-signatory to operate such account. Such advance shall only be used as general working capital of the Company. 

  

	5.2	The advance by the Subscriber shall, with effect from completion of the Subscriber’s investment in the Company, be applied towards the Subscriber’s total investment in the
Company as referred to in this Agreement. 

  

	5.3	In order to further secure the Subscriber’s advance as referred to in Clause 5.1, the Existing Shareholders (except for Beijing International Technology Cooperation Center)
undertake with the Subscriber that in the event the Subscriber is unable to directly acquire shareholding interest in the Company as a result of not being able to obtain the necessary governmental approval or consent or otherwise, such Existing
Shareholders shall immediately upon the Subscriber’s request transfer their entire shareholding interest in the Company to a new off-shore company incorporated in Bermuda (or such other jurisdiction as the Subscriber and the Existing
Shareholders shall agree in writing) (“Newco”), whereupon the Subscriber shall be entitled to hold such number of shares in the Newco which would give the Subscriber an attributable interest of 33.33% of the share capital of the
Company. The parties to this Second 

  

 2 

 Agreement agree that if Newco was established as a result of this Clause 5.3, then the provisions in this
Second Agreement, the First Agreement and the Chinese Agreement shall apply as if all references to the Company is Newco. In the event any of the Existing Shareholders fail to comply with their obligations under this Clause 5, the Company and each
of the Existing Shareholders shall on a joint and several basis be liable to forthwith repay on demand such advance to the Subscriber. 
  

	5.4	The parties agree to forthwith upon the Subscriber’s request execute all documents and to take all necessary steps that the Subscriber may require to give effect to the terms
of this Clause 5. 

  

	6.	This Second Agreement shall be governed and construed in accordance with the law for the time being in force in Hong Kong and the parties hereby submit to arbitration in Hong
Kong and Clause 16 of the First Agreement would apply as if the same has been incorporated herein. 

  

 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.

  

					
	THE COMPANY	 	 	 	 
			
	 SIGNED by
	 	 )
 )
	 	 
	 duly authorised for and on behalf of
 BEIJING WATCH DATA SYSTEM CO., LTD
 in the presence of:
	 	 )
 )
 )
	 	 
	 /s/ Chen Dacai

	 	 )
 )
 )
	 	 
	 Signature of witness
	 	)	 	 
	 CHEN DA CAI

	 	 )
 )
 )
	 	 
	 Name of witness (block letters)
	 	)	 	 
	
	 	 )
 )
	 	 /s/ Wang Youjun

	 Address of witness
	 	 )
 )
	 	By executing this Agreement the signatory warrants that the signatory is duly authorised to execute this Agreement on behalf of Beijing Watch Data System Co., Ltd
	 /s/ CTO

	 	 )
 )
	 	 
	 Occupation of witness
	 	)	 	 
			
	INVESTOR	 	 	 	 
			
	 SIGNED by
	 	 )
 )
	 	 
	 duly authorised for and on behalf of
 BEAVER DEVELOPMENTS LIMITED
	 	 )
 )
	 	 
	 in the presence of:
	 	)	 	 
	
	 	 )
 )
	 	 
	 Signature of witness
	 	)	 	 
	
	 	 )
 )
	 	 
	 Name of witness (block letters)
	 	)	 	 
	
	 	 )
 )
	 	 /s/ Tony Tsang

	 Address of witness
	 	 )
 )
	 	By executing this Agreement the signatory warrants that the signatory is duly authorised to execute this Agreement on behalf of Beaver Developments Limited
	
	 	)	 	 
	 Occupation of witness
	 	)	 	 
	 	 	 	 	 

  

 4 

 EXISTING SHAREHOLDERS 
  

					
	 SIGNED by
	 	 )
 )
	  	 
	 duly authorised for and on behalf of 
 BEIJING INTERNATIONAL
 TECHNOLOGY COOPERATION CENTER
 in the presence of:
	 	 )
 )
 )
 )
	  	 
	 /s/ Chen Dacai

	 	 )
 )
 )
	  	 
	 Signature of witness
	 	 )
	  	 
	 CHEN DA CAI

	 	 )
 )
 )
	  	 
	 Name of witness (block letters)
	 	 )
	  	 
	
	 	 )
 )
	  	 /s/ Wang Youjun, on behalf of Zhou Dongsheng

	 Address of witness
	 	 )
 )
 )
	  	By executing this Agreement the signatory warrants that the signatory is duly authorised to execute this Agreement on behalf of Beijing International Technology Cooperation
Center
	 /s/ CTO

	 	 )
 )
	  	 
	 Occupation of witness
	 	 )
	  	 
			
	 SIGNED by
	 	 )
 )
	  	 
	 duly authorised for and on behalf of
 GUANG DONG TUCSON
 TECHNOLOGY LIMITED
 in the presence of:
	 	 )
 )
 )
 )
	  	 
	 /s/ CHEN DA CAI

	 	 )
 )
 )
	  	 
	 Signature of witness
	 	 )
	  	 
	 CHEN DA CAI

	 	 )
 )
 )
	  	 
	 Name of witness (block letters)
	 	 )
	  	 
	
	 	 )
 )
	  	 /s/ Ke Lin, on behalf of Liu Junfeng

	 Address of witness
	 	 )
 )
 )
	  	By executing this Agreement the signatory warrants that the signatory is duly authorised to execute this Agreement on behalf of Guang Dong Tucson Technology Limited
	 /s/ CTO

	 	 )
 )
	  	 
	 Occupation of witness
	 	 )
	  	 

  

 5 

					
	SIGNED by	 	)	 	 
	  
 duly authorised for and on behalf of
 MANNING INVESTMENT LTD.
 in the presence of:
	 	 )
 )
 )
 )
	 	 
	 /s/ Chen Dacai

	 	 )
 )
 )
	 	 
	Signature of witness	 	)	 	 
	 CHEN DA CAI

	 	 )
 )
 )
	 	 
	Name of witness (block letters)	 	)	 	 
	
	 	 )
 )
	 	 /s/ Wang Youjun

	Address of witness	 	 )
 )
	 	By executing this Agreement the signatory warrants that the signatory is duly authorised to execute this Agreement on behalf of Manning Investment Ltd.
	 /s/ CTO

	 	 )
 )
	 	 
	Occupation of witness	 	)	 	 
			
	SIGNED by	 	 )
 )
	 	 
	 duly authorised for and on behalf of 
 TIANJIN
DEVELOPMENT AREA TUNG
 YAN SOFTWARE TECHNOLOGY LIMITED
  
 in the presence of:
	 	 )
 )
 )
 )
 )
	 	 
	 /s/ Chen Dacai

	 	 )
 )
 )
	 	 
	Signature of witness	 	)	 	 
	 CHEN DA CAI

	 	 )
 )
 )
	 	 
	Name of witness (block letters)	 	)	 	 
	
	 	 )
 )
	 	 /s/ Wang Youjun

	Address of witness	 	 )
 )
 )
	 	 By executing this Agreement the signatory warrants that the signatory is duly authorised to execute this Agreement on behalf of Tianjin
Development Area Tung Yan Software
 Technology Limited

	 /s/ CTO

	 	 )
 )
	 	 
	Occupation of witness	 	)	 	 

  

 6 

					
	SIGNED by	 	 )
 )
	 	 
	 duly authorised for and on behalf of
 STANDARD
INTERNATIONAL
 HOLDINGS COMPANY
 in the presence
of:
	 	 )
 )
 )
 )
	 	 
	  
 /s/ Chen Dacai

	 	 )
 )
 )
	 	 
	Signature of witness	 	 )
 )
	 	 
	 CHEN DA CAI

	 	 )
 )
	 	 
	Name of witness (block letters)	 	)	 	 
	
	 	 )
 )
	 	 /s/ Ke Lin

	Address of witness	 	 )
 )
	 	By executing this Agreement the signatory warrants that the signatory is duly authorised to execute this Agreement on behalf of Standard International Holdings Company
	 /s/ CTO

	 	 )
 )
	 	 
	Occupation of witness	 	)	 	 

  

 7Termination Agreement dated June 1, 2004

 Exhibit 10.15 
  
 TERMINATION AGREEMENT 
  
 This termination agreement (“this Agreement”) is made and entered into as of June 1, 2004, by and among Beijing Watch Data System Co.,
Ltd. (“BWD”), Beaver Developments Limited (“Beaver”), Sesame Seed Group Ltd.(“SSG”) , Beijing Tecsun Century Investment Co. Limited (“Beijing Tecsun”), Tianjin Development
Area Tong Ren Software Technology Limited (“Tong Ren”, also known as Tianjin Development Area Tung Yen Software Technology Limited, also known as TEDA Tongren Software Technology Co., Ltd.) and Standard International Holdings Ltd.
(“Standard International”). 
  
 WITNESSETH 
  
 WHEREAS, BWD was created as
a Sino- foreign joint venture company incorporated in the People’s Republic of China in 1994; 
  
 WHEREAS, on April 30, 2000, the parties (or their respective predecessors) entered into two agreements with respect to investments by Beaver in the share
capital of BWD: a first agreement with respect to an investment of US$ 724,891 (the “First Agreement”), and a second agreement with respect to an investment of US$ 4,275,109 (the “Second Agreement”); 
  
 WHEREAS, the original parties to the First Agreement and the Second Agreement
included Manning Investment Ltd. and Beijing International Technology Cooperation Center, which have transferred their respective rights and obligations under such agreements to Tong Ren and SSG, respectively. 
  
 WHEREAS, BWD is preparing for an initial public offering and listing of
shares on the NASDAQ National Market System (the “IPO”), to be conducted through Watchdata Technologies Ltd., a Cayman Islands company limited by shares (“Listco”), which is created for purposes of the IPO, and
which, following a reorganization transaction, shall indirectly own 100% of the shares representing the equity capital of BWD; 
  
 WHEREAS, the parties are desirous to terminate, with effect on the effective date of the IPO, the First Agreement and the Second Agreement, and pending
completion of the IPO, to confirm and restate certain provisions of the First Agreement with respect to Listco; and 
  
 NOW, THEREFORE, in consideration of the foregoing and mutual premises, covenants and agreements of the parties hereto, and for other good and valuable
consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 1. Confirmation and Restatement. From the time of sale and transfer by Beaver, SSG, Beijing Tecsun, Tong Ren and Standard International
(collectively, the “Existing Shareholders”) of shares of BWD to Listco or a directly or indirectly wholly-owned subsidiary of Listco, the parties hereto confirm and restate their rights and obligations under Clauses 7.2, 9, 10, 11,
12, 13, 14, 15 and 16 for the First Agreement, provided that all references to the “Company” in such Clauses shall be read as reference to BWD, and such confirmed and restated Clauses shall constitute the Existing Shareholders’
shareholders agreement with respect to Listco. The Existing Shareholders shall, and shall cause their respective affiliates through which they from time to time hold shares of Listco to, comply with such shareholders’ agreement with respect to
their interests in Listco. 
  

 2. Termination. With effect from the issuance of ordinary shares of Listco pursuant to a public
offering registered with the United States Securities and Exchange Commission and the admission of such shares to listing and trading on the NASDAQ National Market (“Completion of the IPO”), the First Agreement (including the
“Chinese Agreements” referred to therein) and the Second Agreement shall be automatically terminated, and the parties shall have no further rights or obligations under such First Agreement and Second Agreement. 
  
 3. Representations and Warranties. Each of the parties hereto hereby
represents and warrants to and for the benefit of the other parties as follows: (a) it is duly organized and validly existing under the laws of its jurisdiction of organization and the consummation of the transactions contemplated herein have been
duly authorized by all necessary action; (b) it has the legal capacity and corporate power and authority to enter into, exercise its rights and perform and comply with its obligations under this Agreement; (c) this Agreement has been duly executed
and delivered by it, and (assuming due execution and delivery by the other parties hereto), constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of this Agreement; (d) neither the execution of this
Agreement nor the performance by such party of its obligations hereunder, nor the consummation of the transactions contemplated hereby does or will (i) if such party is a legal entity, conflict with or violate any of its constituting documents or
(ii) constitute a violation by such party of any laws or any judgments, orders, rulings or awards of any court, arbitrator or other governmental authority; and (e) no consent, waiver, approval, authorization, exemption, registration, license or
declaration is required to be made or obtained by such party in connection with the execution, delivery or enforceability of this Agreement or the consummation of any of the transactions contemplated herein. 
  
 4. Amendments; Waivers. No amendment of any provision of this
Agreement shall be valid unless the same shall be in writing and signed by all parties. No waiver by any party of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, shall be deemed to extend to
any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent default, misrepresentation or breach. No waiver shall be effective hereunder
unless contained in a writing signed by the party sought to be charged with such waiver. No failure on the part of any party to exercise or delay in exercising any right hereunder shall be deemed a waiver thereof, nor shall any single or partial
exercise preclude any further or other exercise of such or any other right. 
  
 5. Entire Agreement. This Agreement constitutes the entire agreement among the parties with reference to the matters set forth herein and therein and, except for the letter agreement dated June 30, 2004 between
BWD and Beaver, supersedes any and all prior understandings, negotiations, agreements, or representations by and among the parties, written or oral, to the extent they relate in any way to the subject matter thereof. 
  
 6. Further Assurances. Each party shall execute and deliver or cause
to be executed and delivered both before and after the date hereof such further certificates, agreements and other documents and take such other actions, or as may be reasonably necessary or appropriate to consummate or implement the transactions
contemplated hereby. 
  

 2 

 7. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of
the People’s Republic of China. 
  
 IN WITNESS WHEREOF, the
parties have caused this Agreement to be executed as of the date first written above by their duly authorized officers or representatives. 
  

			
	 BEIJING WATCH DATA SYSTEM CO.,
 LTD.

		
	By:	 	 /s/ Wang Youjun

	 Name:
	 	 WANG Youjun

	 Title:
	 	 CEO

	
	BEAVER DEVELOPMENTS LIMITED
		
	By:	 	 /s/ Tsang Wing Ming Tony 

	 Name:
	 	 TSANG Wing Ming Tony

	 Title:
	 	 Director

	
	 BEIJING TECSUN CENTURY
 INVESTMENT CO.
LIMITED

		
	By:	 	 /s/ Li Zhu

	 Name:
	 	 LI Zhu

	 Title:
	 	 Director

	
	 TIANJIN TONG REN (TEDA)
 SOFTWARE TECHNOLOGY
CO., LTD

		
	By:	 	 /s/ Wang Youjun

	 Name:
	 	 WANG Youjun

	 Title:
	 	 Director

  

 3 

			
	 STANDARD INTERNATIONAL
 HOLDINGS
LTD.

		
	By:	 	 /s/ Ke Lin

	 Name:
	 	 KE Lin

	 Title:
	 	 Director

	
	SESAME SEED GROUP LTD.
		
	By:	 	 /s/ Ke Lin

	 Name:
	 	 KE Lin

	 Title:
	 	 Director

  

 4

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