Document:

EXHIBIT
10.3

     

    Acclerated
Venture Partners, LLC

    

    1840
Gateway Drive, Suite 200

    Foster
City, CA 94404

     

    June 5,
2009

    

    Accelerated
Acquisitions II, Inc.

    122 Ocean
Park Blvd.

    Suite
307

    Santa
Monica, CA 90405

    

    Re:           Tender
of shares for cancellation

    

    Gentlemen:

    

    By this
letter, the undersigned tenders for cancellation 2,000,000 of the 5,000,000
shares of common stock par value $0.0001 of Accelerated Acquisitions, II, Inc.
(the “Company”) which it holds.  Following the cancellation of such
shares, Accelerated Venture Partners, LLC will hold a total of 3,000,000 of the
Company’s Common Shares.

    

    Sincerely,

    

    
      
        	
                ACCELERATED
      VENTURE PARTNERS, LLC

              
	 
      	 
      
	 
      	
                /s/
      Timothy Neher

              
	
                By:

              	
                  

              
	 
      	
                Timothy
      Neher, Managing MemberEXHIBIT
10.4

    

    RESIGNATION

    

    To the
Board of Directors of

    Accelerated
Acquisitions II, Inc.,

    a
Delaware corporation

    

    The
undersigned, being an officer and director of the above-named corporation, does
hereby resign from all positions as such officer and director of the
corporation.

    

    Said
resignation is contingent and expressly conditioned upon (a) the sale of
20,500,000 shares of the Company’s common shares to Messrs. Robert M. Dunn and
Ronald C. Redd and (b) the appointment of successor directors and officers of
the corporation. 

    

    Said
resignation shall be effective on the date of the Closing of the transaction
contemplated by the Subscription Agreements between the Company and Messrs. Dunn
and Redd and, if the filing of an Information Statement pursuant to Section
14(F) of the Securities Exchange Act of 1934 and Rule 14F-1 promulgated
thereunder (“Schedule 14F”) is required to be filed, then ten days following the
mailing of the Schedule 14F to the Company’s stockholders.

    

    Dated as
of June 5, 2009

    

    
      
        	
                /S/
      Timothy Neher

              
	
                   

              
	
                Timothy
      NeherUnassociated Document

    

    interCLICK,
Inc.

    Third
Amendment to the 2007 Incentive Stock and Award Plan

    (Effective
June 5, 2009)

    

    

    

    interCLICK,
Inc. amends its 2007 Incentive Stock and Award Plan as follows:

    

    1.  The number of shares of
common stock available for grant under Section 4 is increased to 3,725,000
shares.Unassociated Document

    Exhibit
4.16

    

    

    

    

    

    

    Share
Issue and Subscription Agreement

    

    

    Between

    

    China
Eastern Airlines Corporation Limited

    

    and

    

    CES
Global Holdings (Hong Kong) Limited

    

     

      
        

      

    

     

    In
relation to the placing of 1,437,375,000 new H shares to CES 

    Global
Holdings (Hong Kong) Limited by China Eastern Airlines 

    Corporation
Limited

     

    
      
        

      

    

     

    29
December 2008

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      CONTENT

       

    

    
      
        	
                ARTICLE
      1

              	
                DEFINITIONS

              	
                1

              
	 	 	 
	
                1.1

              	
                Definitions

              	
                1

              
	
                1.2

              	
                Interpretations

              	
                3

              
	 	 	 
	
                ARTICLE
      2

              	
                SUBSCRIPTION
      OF SHARES

              	
                3

              
	 	 	 
	
                2.1

              	
                Subscription
      of Shares and Price

              	
                3

              
	
                2.2

              	
                Methods
      of Subscription and Payment

              	
                3

              
	
                2.3

              	
                Completion
      of the Transaction

              	
                3

              
	 	 	 
	
                ARTICLE
      3

              	
                COMMENCEMENT
      AND TERMINATION OF THE AGREEMENT

              	
                3

              
	 	 	 
	
                3.1

              	
                Commencement

              	
                3

              
	
                3.2

              	
                Termination

              	
                4

              
	 	 	 
	
                ARTICLE
      4

              	
                REPRESENTATIONS
      AND WARRANTIES BY THE COMPANY

              	
                4

              
	 	 	 
	
                4.1

              	
                Organization
      and Credit

              	
                5

              
	
                4.2

              	
                Authorization
      and Validity

              	
                5

              
	
                4.3

              	
                No
      Conflict

              	
                5

              
	
                4.4

              	
                No
      Insolvency

              	
                5

              
	
                4.5

              	
                Legal
      Proceedings

              	
                5

              
	
                4.6

              	
                Genuiness
      of Disclosure

              	
                5

              
	 	 	 
	
                ARTICLE
      5

              	
                REPRESENTATIONS
      AND WARRANTIES BY CES GLOBAL

              	
                6

              
	 	 	 
	
                5.1

              	
                Organization
      and Credit

              	
                6

              
	
                5.2

              	
                Authorization
      and Validity

              	
                6

              
	
                5.3

              	
                No
      Conflict

              	
                6

              
	
                5.4

              	
                Sufficient
      Funds

              	
                6

              
	
                5.5

              	
                Restrictions
      on Transfer

              	
                6

              
	
                5.6

              	
                Genuiness
      of Disclosure

              	
                7

              
	 	 	 
	
                ARTICLE
      6

              	
                FURTHER
      UNDERTAKINGS

              	
                7

              
	 	 	 
	
                6.1

              	
                Further
      Undertakings by the Company

              	
                7

              
	
                6.2

              	
                Further
      Undertakings by CES Global

              	
                7

              
	
                6.3

              	
                Charges

              	
                7

              
	 	 	 
	
                ARTICLE
      7

              	
                CONFIDENTIALITY
      AND MAKING PUBLIC

              	
                7

              
	 	 	 
	
                7.1

              	
                Confidentiality

              	
                7

              
	
                7.2

              	
                Making
      Public

              	
                8

              
	 	 	 
	
                ARTICLE
      8

              	
                RESPONSIBILITIES
      FOR BREACH OF THE AGREEMENT

              	
                8

              
	 	 	 
	
                ARTICLE
      9

              	
                SETTLEMENT
      OF DISPUTES

              	
                8

              
	 	 	 
	
                ARTICLE
      10

              	
                MISCELLANEOUS

              	
                9

              
	 	 	 
	
                10.1

              	
                Notice

              	
                9

              
	
                10.2

              	
                Governing
      Law

              	
                9

              
	
                10.3

              	
                Divisibility

              	
                9

              
	
                10.4

              	
                Amendments

              	
                10

              
	
                10.5

              	
                Waiver

              	
                10

              
	
                10.6

              	
                The
      Integral Agreement

              	
                10

              
	
                10.7

              	
                Copies

              	
                10

              

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    This
Share Issue and Subscription Agreement (the “Agreement”) was made as of
this 29th day of
December 2008 in Shanghai by and between:

     

    China
Eastern Airlines Corporation Limited, a joint stock limited company incorporated
and existing under the laws of the PRC, whose H shares, A shares and American
Depositary Receipts (“ADR”) are listed on The Stock Exchange of Hong Kong
Limited (“Hong
Kong Stock Exchange”), the Shanghai Stock Exchange (“SHSE”) and the New York Stock
Exchange, Inc. respectively, with its registered office at 66 Airport Street,
Pudong International Airport, Shanghai, China, postal code: 201202 (the “Company”); and

     

    CES
Global Holdings (Hong Kong) Limited, a wholly PRC state-owned company
incorporated and existing under the laws of the Hong Kong Special Administrative
Region and a Related Party of the Company, with its registered office at Unit
2211A 22/F,Bank of America
Tower, 12 Harcourt Road, Admiralty, Hong Kong (“CES Global”), the beneficial
controller of which is China Eastern Air Holding Company (“CEA Holding”), the controlling
shareholder of the Company.

     

    Each of
the Company and CES Global is hereinafter referred to as the “Party” and together as the
“Parties”.

     

    Whereas:

     

    (1) the
Company is a joint stock limited company established in the PRC whose H shares,
A shares and ADRs are listed on the Hong Kong Stock Exchange, SHSE and the New
York Stock Exchange, Inc. respectively, with the total share capital of RMB
4,866,950,000;

     

    (2) As
the Related Party of the Company, CES Global has agreed to subscribe for
1,437,375,000 New H Shares of the Company pursuant to the terms and conditions
of the Agreement;

     

    Based on
the principle of equality, willingness and mutual cooperation, the Parties
hereby enter into and sign an agreement as follows:

     

    ARTICLE
1

    DEFINITIONS

     

    
      	
              1.1

            	
              Definitions

            
	 	 
	 	In
      the Agreement, unless the text otherwise requires, the following
      expressions have the following meanings:

    

     

    
      	
              “Related
      Party”

            	
              For
      any party herein, means any other person who controls it, or is controlled
      by or under the common control together with it, whether directly or
      indirectly through one or more intermediaries.

               

            
	
              “Business
      Day”

               

            	
              means
      a day (excluding Saturday and Sunday) on which the banks are generally
      open for business in the PRC and Hong Kong.

               

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      	
              “CES
    Global”

            	
              means东航国际控股(香港)有限公司
      (CES Global Holdings (Hong Kong) Limited).

               

            
	
              “CEA
    Holding”

            	
              means中国东方航空集团公司
      (China Eastern Air Holding Company).

               

            
	
              “Hong Kong Stock
      Exchange”

            	
              means
      The Stock Exchange of Hong Kong Limited.

               

               

            
	
              “CSRC”

            	
              means
      the China Securities Regulatory Commission.

               

            
	
              “Shanghai
      Administration”

            	
              means
      the Administration for Industry and Commerce of Shanghai.

               

            
	
              “SHSE”

            	
              means
      the Shanghai Stock Exchange.

               

            
	
              “Company”

            	
              means
      中國東方航空股份有限公司(China
      Eastern Airlines Corporation Limited).

               

            
	
              “Completion of the
      Transaction”

            	
              has
      the meaning as defined in Paragraph 2.3 hereof.

               

               

            
	
              “Confidential
      Information”

            	
              has
      the meaning as defined in Paragraph 6.1 hereof.

               

               

            
	
              “New H
      Shares”

            	
              means
      1,437,375,000 new H shares to be issued by
      the Company to CES Global for its subscription pursuant to the terms and
      conditions of the Agreement.

               

            
	
              “New A
      Shares”

            	
              means
      1,437,375,000 new A shares to be issued by
      the Company to CEA Holding for its subscription pursuant to the Share
      Issue and Subscription Agreement entered into between the Company and CEA
      Holding.

               

            
	
              “Party” or “Parties”

            	
              has
      the meaning as defined in the introduction hereof.

               

            
	
              “PRC”

            	
              means
      the People’s Republic of China, and for the purpose of the Agreement,
      excluding Hong Kong Special Administrative Region, Macau Special
      Administrative Region and Taiwan.

               

            
	
              “Renminbi” or “RMB”

            	
              means
      Renminbi, the lawful currency of the PRC.

               

               

            
	
              “Subscription
      Consideration”

            	
              means
      the total consideration of RMB 1,437,375,000 for subscription of New H
      Shares by CES Global.

               

            
	
              “Transaction” under the
      Agreement

            	
              means
      the issue of New H Shares by the Company to CES Global and the
      subscription thereof by CES Global pursuant to the terms and conditions of
      the Agreement.

               

            

    

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

      
        	
                1.2

              	
                Interpretations

              

      

       

    

    
      	
               
      

            	
              (a)

            	
              Unless
      otherwise stated, all the references to the sections, articles and
      paragraphs, lists or annexes herein are those in the
      Agreement.

            

    

    

    
      	
               
      

            	
              (b)

            	
              The
      terms such as “including” and other equivalents do not represent any
      restriction and should be construed as “including but not limited
      to”.

            

    

    

    ARTICLE
2

    SUBSCRIPTION
OF SHARES

     

    
      	
              2.1

            	
              Subscription
      of Shares and Price

            

    

     

    
      	
               
      

            	
              (a)

            	
              Pursuant
      to the terms and conditions of the Agreement, the Company shall
      issue to CES Global, and CES Global shall subscribe for, 1,437,375,000 New
      H Shares of the Company.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Such
      New H Shares shall be subscribed for by CES Global at the price of RMB
      1.00 per share with a total subscription price of RMB
      1,437,375,000.

            

    

     

    
      	
              2.2

            	
              Methods
      of Subscription and Payment

            
	 	 
	 	CES
      Global shall pay and deposit an amount in HK dollar equivalent to the
      Subscription Consideration, based on the benchmark exchange rate of HK
      dollar to Renminbi quoted
      by the People’s Bank of China on the date of payment, into the
      account for which the Company shall have designated and given at least 5
      Business Days’ prior written notice, within 5 Business Days after the
      Agreement has come into effect or such other date as the Parties may
      agree.

    

     

    
      	
              2.3

            	
              Completion
      of the Transaction

            
	 	 
	 	Subject
      to the payment of Subscription Consideration by CES Global to the Company
      according to Paragraph 2.2 above and receipt of the updated share register
      of the Company which demonstrates the capacity of CES Global as the
      shareholder of the Company, the Transaction under the Agreement shall be
      deemed as completed (“Completion of the
      Transaction”).

    

     

    ARTICLE
3

    COMMENCEMENT
AND TERMINATION OF

     THE
AGREEMENT

     

    
      	
              3.1

            	
                    
                Commencement

              

            
	 	 
	 	The
      Parties have agreed that the Agreement will be established upon at least
      one copy of the Agreement signed by the authorized representatives of the
      Parties and affixed with that Party’s common seal, whether separately or
      jointly, and will take effect immediately after the following conditions
      are fully satisfied:

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (a)

            	
              Obtaining
      the approvals by the shareholders of the Company by way of special
      resolutions at a general meeting and class meetings of holders of A shares
      and H shares for the issue of New H Shares and the approvals for
      amendments, where necessary, to the articles of association of the Company
      in respect thereof;

            

    

    

    
      	
               
      

            	
              (b)

            	
              Obtaining
      the approvals by the shareholders of the Company at the same time by way
      of special resolutions at a general meeting and class meetings of holders
      of A shares and H shares for the issue of New A Shares and the approvals
      for amendments, where necessary, to the articles of association of the
      Company in respect thereof;

            

    

    

    
      	
               
      

            	
              (c)

            	
              Obtaining
      the waiver by the shareholders of the Company at a general meeting in
      relation to the requirement of a general offer by CEA Holding in accordance with
      the《上市公司收購管理辦法》(Administrative
      Measures in relation to the Acquisition of Listed Companies) or related
      regulations;

            

    

    

    
      	
               
      

            	
              (d)

            	
              Obtaining
      the waiver from CSRC in relation to the requirement of a general offer by
      CEA Holding, and

            

    

    

    
      	
               
      

            	
              (e)

            	
              Obtaining all necessary consents,
      approvals or authorizations from the governmental authorities or other
      third parties for the issue of New H Shares and New A Shares, including
      but not limited to the approval from
  CSRC.

            

    

     

    
      	
              3.2

            	
                    
                      
                  Termination

                

              

            
	 	 
	 	The
      Parties have agreed that the Agreement shall automatically be terminated
      without prejudice to the effect of Paragraph 6.3 and Article 7 upon the
      happening of the followings:

    

     

    
      	
               
      

            	
              (a)

            	
              If
      the above conditions set out in Paragraph 3.1 hereof have not been fully
      satisfied within 270 days from signing of the
  Agreement;

            

    

    

    
      	
               
      

            	
              (b)

            	
              CSRC
      has clearly, either in writing or in oral, replied that it will not grant
      the approval in respect of the formal application submitted by the Company
      to CSRC for the issue of New H
Shares;

            

    

    

    
      	
               
      

            	
              (c)

            	
              CSRC
      has clearly, either in writing or in oral, replied that it will not grant
      the approval in respect of the formal application submitted by the Company
      to CSRC for the issue of New A
Shares.

            

    

     

    ARTICLE
4

    REPRESENTATIONS
AND WARRANTIES BY THE COMPANY

     

    
      	 	The
      Company hereby makes the following representations and warranties to CES
      Global:

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	
              4.1

            	
              Organization
      and Credit

            

    

     

    
      	
               
      

            	
              The
      Company, an airline company headquartered in the PRC, is established as a
      joint stock limited company under the laws of the PRC and has been legally
      existing since its incorporation.

            

    

    

    
      	
              4.2

            	
              Authorization
      and Validity

            

    

     

    
      	
               
      

            	
              Save
      as the conditions set out in sub-paragraph (a), Paragraph 3.1 yet to be
      satisfied, the Company has all power and authority necessary to sign the
      Agreement and perform its obligations thereunder. The execution, delivery
      and performance of the Agreement by the Company have been authorized by
      all necessary legal persons. The Agreement constitutes a legal, valid and
      binding obligation of the Company, and the performance of obligations
      hereunder by the Company shall be enforceable according to their
      terms.

            

    

    

    
      	
              4.3

            	
              No
      Conflict

            

    

     

    
      	
               
      

            	
              The
      execution and delivery of the Agreement, to which the Company is a party,
      and the performance of the obligations hereunder by the Company will not
      constitute any conflict with or breach of the following documents or
      result in termination or withdrawal of any obligation of any third party
      or expediting the exercise of any third party’s rights: (1) constitutional
      documents of the Company, (2) any agreement(s) or government approval(s)
      signed by or bound by the Company, or any agreement(s) or government
      approval(s) with any assets of the Company as its subject, or (3) any PRC
      laws applicable to the Company.

            

    

    

    
      	
              4.4

            	
              No
      Insolvency

            

    

     

    
      	
               
      

            	
              (a)

            	
              There
      is no request, decision or court judgments or rulings that require the
      Company to commence liquidation
process.

            

    

    

    
      	
               
      

            	
              (b)

            	
              There
      is neither circumstance under which the Company is unable to repay its
      debts nor orders or court judgments or rulings relating to its bankruptcy
      outstanding against the Company.

            

    

    

    
      	
              4.5

            	
              Legal
      Proceedings

            

    

     

    
      	
               
      

            	
              Save
      as those disclosed to CES Global, there is no pending legal proceedings
      that have already existed or may be raised as far as the Company is aware
      of, against the Company or having significant impact on its property,
      assets, rights, licences, operations, businesses or rights thereof, nor
      any events, circumstances or situations that may cause, directly or
      indirectly, the commencement of such legal proceedings or provide
      foundations therefor, except for those that separately or jointly would
      have no significant adverse impact on or would not cease, delay or
      otherwise intervene the Transaction
hereunder.

            

    

    

    
      	
              4.6

            	
              Genuiness
      of Disclosure

            

    

     

    
      	
               
      

            	
              As
      far as the Company is aware of, all information in written provided by the
      Company or its representatives to CES Global or its representatives is
      true and accurate in all material aspects. There is no omission of any
      important facts which are required to be included or explained therein,
      and it is not misleading taken into account the specific circumstances
      under which it was made.

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    ARTICLE
5

    REPRESENTATIONS
AND WARRANTIES BY

    CES
GLOBAL

    

    
      	 	CES
      Global hereby makes the following representations and warranties to the
      Company:
	 	 
	
              5.1

            	
              Organization
      and Credit

            

    

     

    
      	
               
      

            	
              CES
      Global is a limited company that is established and exists in accordance
      with the laws of Hong Kong Special Administrative Region, and is in good
      credit standing.

            

    

    

    
      	
              5.2

            	
              Authorization
      and Validity

            

    

     

    
      	
               
      

            	
              CES
      Global has all power and authority necessary to sign the Agreement and
      perform its obligations hereunder. The execution, delivery and performance
      of the Agreement by CES Global have been officially authorized by all
      necessary competent authorities. The Agreement constitutes a legal, valid
      and binding obligation of CES Global, and the performance of obligations
      hereunder by CES Global shall be enforceable according to their
      terms.

            

    

    

    
      	
              5.3

            	
              No
      Conflict

            

    

     

    
      	
               
      

            	
              The
      execution and delivery of the Agreement and the performance of the
      obligations hereunder by CES Global will not constitute any conflict with
      or breach of the following documents or result in termination or
      withdrawal of any obligation of any third party or expediting the exercise
      of any third party’s rights: (1) constitutional documents of CES Global,
      (2) any agreement(s) or government approval(s) signed by or bound by CES
      Global, or any agreement(s) or government approval(s) with any assets of
      CES Global as its subject, or (3) any Hong Kong laws applicable to CES
      Global.

            

    

    

    
      	
              5.4

            	
              Sufficient
      Funds

            

    

     

    
      	
               
      

            	
              CES
      Global has sufficient financial resources to fulfill its payment
      obligations in respect of the subscription of New H Shares provided under
      Paragraphs 2.1 and 2.2 of the
Agreement.

            

    

    

    
      	
              5.5

            	
              Restrictions
      on Transfer

            

    

     

    
      	
               
      

            	
              CES
      Global confirmed and agreed that it will not transfer any of the New H
      Shares it would obtain within 12 months from the date of Completion of the
      Transaction.

            

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
      	
              5.6

            	
              Genuiness
      of Disclosure

            

    

     

    
      	
               
      

            	
              As
      far as CES Global is aware of, all information in written provided by CES
      Global or its representatives to the Company or its representatives is
      true and accurate in all material aspects. There is no omission of any
      important facts which are required to be included or explained therein,
      and it is not misleading taken into account the specific circumstances
      under which it was made.

            

    

    

    ARTICLE
6

    FURTHER
UNDERTAKINGS

     

    
      	6.1	Further
      Undertakings by the Company
	 	 
	 	The
      Company undertakes that it will get prepared as soon as possible for (i)
      appointing a professional institution(s) to conduct capital verification
      on the Subscription Consideration payable by CES Global; (ii) submitting
      an application and other necessary documents, including the capital
      verification report and amended articles of association as required by the
      PRC laws, to Shanghai Administration so as to register for the increased
      registered capital and obtain the renewed business license; (iii)
      submitting an application and other necessary documents as required by the
      relevant regulations for approval of listing of New H Shares from the
      Listing Committee of Hong Kong Stock Exchange; (iv) applying for
      modifications of any relevant necessary certificates and licenses from the
      taxation, customs and other relevant authorities; and (v) conducting or
      ensuring to conduct all necessary further activities and matters, and
      execute all further documents, contracts or enter into further agreements
      to assure the performance of the obligations under the Agreement upon
      Completion of the Transaction.
	 	 
	
              6.2

            	
              Further
      Undertakings by CES Global

            
	 	 
	 	CES
      Global undertakes that it will conduct
      or ensure to conduct all necessary further activities and matters, and
      execute all further documents, contracts or enter into further agreements
      to assure the
      performance of the obligations under the Agreement upon Completion of the
      Transaction.

    

     

    
      	
              6.3

            	
              Charges

            

    

     

    
      	
               
      

            	
              Whether
      the Transaction under the Agreement is completed or not, all the relevant
      expenses and charges arising in respect of it, including the relevant
      legal, accounting and investment bank fees, and other charges payable to
      the consultants or advisers shall be borne by the Party so incurred. Each
      of the Parties of the Agreement shall respectively be responsible for all
      of its relevant taxes incurred in respect of the Transaction under the
      Agreement.

            

    

     

    ARTICLE
7

    CONFIDENTIALITY
AND MAKING PUBLIC

     

    
      	7.1	Confidentiality
	 	 
	
               
      

            	
              Each
      of the Parties shall procure its agents, employees and representatives
      (“Representatives”) to
      treat the other Party's Confidential Information as strictly confidential,
      and shall not disclose the following Confidential Information (including
      but not limited to the forms such as interviews, responses to queries or
      investigations, press releases or otherwise) without specific written
      consent from the disclosing Party. In the Agreement, “Confidential
      Information” refers to the terms of the Agreement and other formal
      agreements, and any information disclosed by the Party or its
      representatives regarding the Party's business, future plan, financial
      position, expectations and clients etc.; Confidential Information
      particularly includes the existence of the Agreement and other formal
      agreements and their contents, the transaction(s) contemplated under the
      Agreement and the negotiations between the Parties in respect of it;
      Confidential Information excludes (a) information that is already obtained
      by the recipient when disclosed by the disclosing Party, (b) information
      accessible by the public of which the access can not be attributable to
      the recipient’s misconducts, (c) information that is obtained by the
      recipient properly through a third party, or (d) information that is
      independently and solely explored by the
  recipient.

            

    

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
      	
              7.2

            	
              Making
      Public

            

    

    

    
      	
               
      

            	
              Under
      the principle of compliance with the provisions of laws, or the rules and
      regulations of any stock exchange on which securities of either Party or
      any of its Related Party are listed and traded, either Party shall not
      make or allow any of their Related Parties to make any press release,
      public statement or other public disclosure in relation to the Transaction
      under the Agreement or the Agreement without prior notice to, negotiation
      with and consent by the other
Party.

            

    

    

    ARTICLE
8

    RESPONSIBILITIES
FOR BREACH OF

    THE
AGREEMENT

    

    
      	
               
      

            	
              Any
      Party who breaches the Agreement shall assume liabilities in accordance
      with the relevant laws. Except as otherwise required by the Agreement or
      laws, any Party of the Agreement who fails to perform its obligations
      hereunder or whose performance of its obligations constitutes a breach of
      provisions of the Agreement, the Party complying with the Agreement shall
      be entitled to require the defaulting Party to continue to perform its
      obligations or implement measures to remedy the contraventions, as well as
      to require the defaulting Party to compensate the actual loss arisen from
      it.

            

    

    

    ARTICLE
9

    SETTLEMENT
OF DISPUTES

    

    
      	
              9.1

            	
              Any
      dispute to the effect, interpretation or performance of the Agreement
      between the Parties shall in the first instance be settled through
      negotiation in a friendly manner. If it fails to settle the dispute
      through negotiation within thirty (30) days from the date the dispute
      arises, any Party is entitled to apply to the China International
      Economic and Trade Arbitration Commission, Shanghai Commission for
      arbitration of the dispute based on the arbitration rules of the
      commission then in force pursuant to the Agreement. The arbitration award
      shall be final and binding on the
  Parties.

            

    

    

    
      	
              9.2

            	
              Save
      as the provisions relating to disputes hereunder, the Agreement shall
      continue to be performed by the Parties in the same manner during the
      settlement of disputes.

            

    

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

       

    

    ARTICLE
10

    MISCELLANEOUS

    

    
      	
              10.1

            	
              Notice

            

    

     

    
      	
               
      

            	
              In
      order to be deemed as duly received, any or all notices, requests,
      demands, approvals and other communications required by or related to the
      Agreement shall be in writing and served by one or more of the following
      ways: (a) if sent by hand, deemed to be served on the date of receipt; (b)
      if sent by fax, deemed to be served on the date of confirmation of receipt
      of the transmission; or (c) if sent by International Express, deemed to be
      served on the 4th business day from the date of posting (i.e. the postmark
      date). All these notices, requests, demands, approvals and other
      communications shall be delivered to the following addresses or such other
      address or fax number indicated by the Party in
  writing.

            

    

     

    
      	 	
              To the
      Company:

              Address:

              Postal Code:

              Tel:

              Fax:

            	      
               

              2550
      Hongqiao Road, Shanghai

              200335

              021
      5113 0920

              021
      6268 6116

            
	 	 	 
	 	      
              To
      CES Global:

              Address:

              Postal
      Code:

              Tel:

              Fax:

            	
               

              2550
      Hongqiao Road, Shanghai

              200335

              021 5113 4150

              021 6269 0233

            

    

     

    
      	
              10.2

            	
              Governing
      Law

            
	 	 
	 	The
      Agreement shall be governed by and construed and performed in accordance
      with the PRC laws.

    

    

    
      	
              10.3

            	
              Divisibility

            
	 	 
	 	All
      the provisions of the Agreement shall be deemed divisible, and any invalid
      or unenforceable provision shall not have impact on the validity or
      enforceability of other provisions hereof. Where any provisions or the
      provisions applicable to any person or any situation are invalid or
      unenforceable, (a) the Parties shall try their best to negotiate to
      establish appropriate and fair terms instead of those invalid or
      unenforceable, so as to accomplish the intent and purpose thereof; and (b)
      other provisions under the Agreement and the effect of those provisions
      applicable to other persons, entities or situation shall not be prejudiced
      by such invalidity or unenforceability. In such circumstances, the Party
      who fails to perform its obligations due to the invalidity or
      unenforceability of the provisions shall not be deemed to be in breach of
      the Agreement or shall not assume the responsibilities for the loss of the
      other Party.

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    
      	
              10.4

            	
              Amendments

            
	 	 
	 	The
      Agreement shall only be amended or revised by a written document signed by
      each Party.

    

    

    
      	
              10.5

            	
              Waiver

            
	 	 
	 	Any
      Party who waives the responsibility of the other Party for breach of any
      obligations or duties hereunder shall give and sign a written statement,
      and this waiver shall not be deemed as a waiver from any other future
      default responsibilities of the other Party under the
  Agreement.

    

     

    
      	
              10.6

            	
              The
      Integral Agreement

            
	 	 
	 	The
      Agreement constitutes all the agreements and understandings between the
      Parties in respect of the underlying matters hereof, and supersedes all
      the previous written and oral agreements in respect thereof between the
      Parties and all other previous
communications.

    

    

    
      	
              10.7

            	
              Copies

            
	 	 
	 	The
      Agreement shall have ten (10) copies in duplication and each Party holds
      one. The remaining copies shall be submitted to the relevant authorities
      for approval and filing. Each copy shall have the same
  effect.

    

    

    In view of the above, the
Agreement shall be signed by the Parties as of the date shown at the beginning
hereof and be established on the date of signing, and shall supersede The Share Issue and Subscription
Agreement in Relation to the Placing of 652,180,000 New H Shares to CES Global
Holdings (Hong Kong) Limited by China Eastern Airlines Corporation
Limited entered into between the Parties on 10 December
2008.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    [No text
in this page]

    

    
      
        	 	
                China
      Eastern Airlines Corporation Limited

                 

                (Seal to be affixed)

              	 
	 	 	 	 
	
                 

              	
                Signature:

              	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 	 

      

     

    
      	 	
              CES
      Global Holdings (Hong Kong) Limited

               

              (Seal to be affixed)

            	 
	 	 	 	 
	
               

            	
              Signature:

            	 	 
	 	Name:	 	 
	 	Title:

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