Document:

exv10w18

Exhibit 10.18

Xin ZHOU

Xudong ZHU

Shanghai CRIC Information Technology Co., Ltd.

AND

Shanghai Tian Zhuo Advertising Co., Ltd.

 

Shareholder Voting Right Proxy Agreement

In respect of Shanghai Tian Zhuo Advertising Co., Ltd.

 

July 20, 2009

 

 

Shareholder Voting Right Proxy Agreement

This Shareholder Voting Right Proxy Agreement (this “Agreement”) is entered into as of July 20,
2009 by and between the following Parties:

	1.	 	Xin ZHOU
	 
	 	 	ID Card No.: 310109671031081

	2.	 	Xudong ZHU
	 
	 	 	ID Card No: 310108196710054852
	 
	 	 	(Xin ZHOU and Xudong ZHU are hereinafter referred to individually as a “Shareholder” and
collectively as the “Shareholders”.)

	3.	 	Shanghai CRIC Information Technology Co., Ltd. (hereinafter, the “WFOE”)
	 
	 	 	Registered address: Room 308, Building A, Science and Technology Building, No.149 Yanchang
Road, Zhabei District, Shanghai

	4.	 	Shanghai Tian Zhuo Advertising Co., Ltd. (hereinafter, the “Company”)
	 
	 	 	Registered address: Room 201, Building 2, No. 38 Haiguang Road, Shanyang Town, Jinshan
District, Shanghai
	 
	 	 	(In this Agreement, the above parties are hereinafter referred to individually as a “Party”
and collectively as the “Parties”.)

WHEREAS:

	1.	 	The Shareholders are the existing shareholders of the Company, holding 100% equity of the
Company;
	 
	2.	 	The Shareholders intend to severally entrust their voting rights in the Company to the
individual designated by the WFOE, and the WFOE intend to designate the individual to accept
such entrust.

NOW, THEREFORE, the Parties, after friendly consultations, hereby mutually agree below:

Article 1 Voting Right Delegation

	1.1	 	The Shareholders hereby irrevocably undertake to respectively sign a power of attorney in
substance and form as set forth in Annex 1 hereof after execution of this Agreement, to
respectively entrust the individuals then designated by the WFOE (hereinafter, the “Entrusted
Persons”) to exercise, on behalf of each of the Shareholders, the following rights that the
Shareholders are entitled to in the capacity of shareholders of the Company under the then
effective articles of association of the Company (collectively, the “Entrusted Rights”):

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	 	(1)	 	To propose to convene and attend Shareholders’ meetings of the Company as the
representative of each of the Shareholders according to the articles of association of
the Company;
	 
	 	(2)	 	To exercise, on behalf of each of the Shareholders, their voting rights on
all matters requiring discussion or resolutions of the Shareholders’ meetings of the
Company, including without limitation, the appointment and election of the Company’s
directors and other officers to be appointed and removed by the Shareholders;
	 
	 	(3)	 	To exercise other voting rights of shareholder as specified in the articles
of association of the Company (including any other shareholder voting rights as
specified in the amended articles of association).

	 	 	The above authorization and entrustment are granted on the condition that the Entrusted
Persons are PRC citizens and that the WFOE approves such authorization and entrustment.
Upon and only upon written notice of dismissing and replacing the Entrusted Person(s) given
by the WFOE to each of the Shareholders shall the Shareholder promptly entrust another PRC
citizen then designated by the WFOE to exercise the above Entrusted Rights, and the new
authorization and entrustment shall, upon the grant supersede the previous authorization
and entrustment. The Shareholders shall not revoke the authorization and entrustment to
the Entrusted Person(s) unless as provided in this Article.

	1.2	 	The Entrusted Persons shall perform their obligations in respect of the entrustment hereunder
to the extent authorized hereunder with due care and diligence and in compliance with laws.
The Shareholders acknowledge and shall assume liabilities for any legal consequences arising
as a result of the Entrusted Persons’ exercise of the foregoing Entrusted Rights.
	 
	1.3	 	The Shareholders hereby confirm that the Entrusted Persons are not required to seek opinions
from the relevant Shareholder prior to their exercise of the foregoing Entrusted Rights.
However, the Entrusted Persons shall inform the Shareholders in a timely manner of any
resolution or proposal on convening an interim shareholders’ meeting after such resolution or
proposal is made.

Article 2 Right to Information

	2.1	 	For the purpose of exercising the Entrusted Rights hereunder, the Entrusted Persons are
entitled to know various relevant information of the Company such as those in respect of its
operation, business, customers, finance and employees, and shall have access to the relevant
documentations and materials of the Company. The Company shall fully cooperate with the
Entrusted Persons in this regard.

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Article 3 Exercise of the Entrusted Rights

	3.1	 	The Shareholders will provide sufficient assistances to the Entrusted Persons with regard to
their exercise of the Entrusted Rights, including timely execution of resolutions of
shareholders’ meetings or other pertinent legal documents adopted by the Entrusted Persons
wheere necessary (e.g., where the same is required in order to submit documents for purpose of
governmental approvals, registrations or filings.).
	 
	3.2	 	If at any time within the term of this Agreement, the grant or exercise of the Entrusted
Rights hereunder is unrealizable for whatever cause (except for default of any Shareholder or
the Company), the Parties shall immediately seek the most similar alternative solution and, if
necessary, enter into a supplementary agreement to amend or adjust the provisions herein, in
order to ensure the realization of the purpose of this Agreement.

Article 4 Exemption and Compensation

	4.1	 	The Parties acknowledge that in no case shall the WFOE be required to be liable to or
compensate (monetary or otherwise) the other Parties or any third party in respect of exercise
of the Entrusted Rights hereunder by the individuals designated by it.
	 
	4.2	 	The Shareholders and the Company agree to indemnify and hold WFOE harmless from and against
all losses incurred or likely to be incurred due to exercise of the Entrusted Rights by the
Entrusted Persons designated by the WFOE, including without limitation, any loss resulted from
any litigation, demand, arbitration or claim by any third party against it or from
administrative investigation or penalty, PROVIDED, HOWEVER, THAT no indemnification is
available for any losses caused by a willful default or gross negligence of the Entrusted
Persons.

Article 5 Representations and Warranties

	5.1	 	Each Shareholder hereby represents and warrants severally that:

	 	5.1.1.	 	It is a Chinese citizen with full capacity of action. It has the complete and
independent legal status and legal capacity, and has been duly authorized, to execute,
deliver and perform this Agreement. It may act independently as a party to lawsuit.
	 
	 	5.1.2.	 	It has the full power and authority, to execute and deliver this Agreement and all
other documents relating to the transaction contemplated hereby that are to be
executed by it; and to consummate the transaction contemplated hereby. This Agreement
is duly executed and delivered by it, and shall constitute a legal, binding and
enforceable obligation against

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	 	 	 	it in accordance with the terms hereof.
	 
	 	5.1.3.	 	It is the registered legal shareholder of the Company as of the effective date of
this Agreement. Except for those rights created under this Agreement, the Equity
Pledge Agreement and the Exclusive Call Option Agreement entered into by and between
the Shareholders, the Company and the WFOE on the date hereof, the Entrusted Rights
are free of any third-party right. Pursuant to this Agreement, the Entrusted Persons
may exercise the Entrusted Rights fully and completely in accordance with the then
effective articles of association of the Company.

	5.2	 	Each of the WFOE and the Company hereby represents and warrants severally that:

	 	5.2.1	 	It is a limited liability company duly registered and validly existing under
the laws where it is registered and has the independent legal person status. It has
the full and independent legal status and legal capacity to execute, deliver and
perform this Agreement and may act independently as a party to lawsuit.
	 
	 	5.2.1	 	It has the full corporate power and authority to execute and deliver this
Agreement and all other documents relating to the transaction contemplated hereby that
are to be executed by it. It has the full power and authority to consummate the
transaction contemplated hereby.

	5.3	 	The Company further represents and warrants that:

	 	5.3.1	 	Each Shareholder is the registered legal shareholder of the Company as of
the effective date of this Agreement. Except for the rights under this Agreement, the
Equity Pledge Agreement and the Exclusive Call Option Agreement entered into by and
between the Shareholders, the Company and the WFOE on the date hereof, the Entrusted
Rights are free of any third-party right. Pursuant to this Agreement, the Entrusted
Persons may exercise the Entrusted Rights fully and completely in accordance with the
then effective articles of association of the Company.

Article 6 Term of this Agreement

	6.1	 	Subject to the provisions of Articles 6.2 and 6.3 hereof, this Agreement shall become
effective as of the date of the due execution hereof by the Parties and the valid term shall
be twenty (20) years, unless it is early terminated by the Parties in writing or pursuant to
Article 9.1 hereof. The term of this Agreement will not be extended upon expiration;
provided, however, that the term of this Agreement will be automatically extended for one (1)
year upon the expiration, if the WFOE gives the other Parties written notice requiring such
extension at least thirty (30) days prior to its expiration. The same mechanism will apply
subsequently upon the expiration of each extended term.

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	6.2	 	If the Company or the WFOE, upon expiry of its business terms, fails to deal with the
approval and registration for the extension thereof, this Agreement shall terminate.
	 
	6.3	 	If any Shareholder transfers all of the equity interest it holds in the Company to any person
with the WFOE’s prior consent, the Shareholder shall no longer be a Party to this Agreement
whilst the obligations and undertakings of the other Parties under this Agreement shall not be
adversely affected thereby.

Article 7 Notices

	7.1	 	Any notice, request, demand and other correspondences required by this Agreement or made in
accordance with this Agreement shall be delivered in writing to the relevant Party(ies).
	 
	7.2	 	The above notices or other correspondence shall be deemed delivered (i) upon sent out if by
facsimile or electric transmission, or (ii) upon handover in person if by hand delivery; or
(iii) upon the fifth (5th) day of being posted if by mail.

Article 8 Confidentiality

	8.1	 	Regardless of the termination of this Agreement, each Party is obligated to keep strictly
confidential trade secrets, proprietary information, clients’ information and all other
information of confidential nature related to the other Party that are known to the former
Party during the course of its execution and performance of this Agreement (the “Confidential
Information”). Unless as agreed to by the Party who disclosed the Confidential Information
(the “Disclosing Party”), or as required by the relevant laws, regulations or the requirements
applicable where the publicly listed Affiliate of any Party is located, the receiving party of
the Confidential Information (the “Receiving Party”) shall not disclose to any third party any
of such Confidential Information. Except for the purpose of performing this Agreement, the
Receiving Party shall not use any Confidential Information.
	 
	8.2	 	The Confidential Information does not include:

	 	(a)	 	the information that has been lawfully acquired by the Party receiving the
information before as demonstrated by certain written evidence;
	 
	 	(b)	 	the information entering the public domain without attribution to any fault
of the Party receiving the information; and
	 
	 	(c)	 	the information lawfully acquired by the Party receiving the information from
other sources after being received by the Party.

	8.3	 	The Receiving Party may disclose Confidential Information to its relevant employees, agents
or professionals engaged by it. However, the Receiving Party

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	 	 	shall ensure that such persons shall abide by the relevant terms and conditions of this
Article, and shall assume any liability incurred as a result of the breach by any of such
persons of the relevant terms and conditions of this Article 8.
	 
	8.4	 	Notwithstanding any other provision of this Agreement, the effect of this Article 8 shall not
be affected by the termination of this Agreement.

Article 9 Liabilities for Breach

	9.1	 	The Parties agree and confirm that, if any of the Parties (the “Breaching Party”) is
materially in breach of any provision hereof, or materially fails or delays in performing any
of the obligations hereunder, a breach hereof is constituted (a “Breach”), and any of the
other Parties which does not commit any Breach (a “Non-breaching Party”) has the right to
require that the Breaching Party rectify it or take a remedial action within a reasonable
period. If the Breaching Party fails to rectify the Breach or take remedial actions within
the a reasonable period or within ten (10) days of the other Party’s written rectification
notice, then:

	 	9.1.1.	 	if any Shareholder or the Company is the Breaching Party, the WFOE is entitled to
terminate this Agreement and require the Breaching Party to indemnify it against its
damage;
	 
	 	9.1.2.	 	if the WFOE is the Breaching Party, each of the Non-defaulting Parties is entitled
to require the Breaching Party to indemnify it against its damage; but unless
otherwise provided for by law, in no case does it have the right to terminate or
cancel this Agreement.

	9.2	 	Notwithstanding any other provision herein, the effect of this Article 9 shall not be
affected by the suspension or termination of this Agreement.

Article 10 Miscellaneous

	10.1	 	This Agreement is written in Chinese in four (4) originals. Each of the Parties to this
Agreement shall hold one (1) original.
	 
	10.2	 	The execution, effectiveness, performance, revision, interpretation and termination of this
Agreement shall be governed by laws of People Republic of China.
	 
	10.3	 	Any dispute arising out of or in connection with this Agreement shall be resolved by the
Parties through consultation. In the event the Parties fail to agree with each other within
thirty (30) days after the dispute arises, the dispute shall be submitted to China
International Economic and Trade Arbitration Commission Shanghai Commission for arbitration in
Shanghai in accordance with the arbitration rules thereof effective at the submission of the
application for arbitration. The arbitration award shall be final and binding upon the

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	 	 	Parties.
	 
	10.4	 	None of the rights, powers or remedies granted to each of the Parties by any provision of
this Agreement shall preclude any other rights, powers or remedies that such Party is entitled
to under the laws and under any other provisions of this Agreement, and any Party’s exercise
of any of its rights, powers or remedies shall not preclude its exercise of any other rights,
powers or remedies that it is entitled to.
	 
	10.5	 	A Party’s failure or delay in exercising any of its rights, powers or remedies that it is
entitled to under this Agreement or under the laws (the “Available Rights”) shall not
constitute its waiver of such rights, nor shall any single or partial waiver of any Available
Rights by a Party preclude its exercise of those rights in another manner or its exercise of
any other Available Rights.
	 
	10.6	 	The headings in this Agreement are written for the ease of reference only, and in no event,
shall be used for, or affect, the interpretation to this Agreement.
	 
	10.7	 	Each provision herein is separable and independent from all other provisions herein. If any
one provision or more provisions of this Agreement become invalid, illegal or unenforceable at
any time, the validity, legality and enforceability of other provisions herein shall not be
affected.
	 
	10.8	 	This Agreement, upon the execution, shall supersede any other prior legal documents among the
Parties with respect to the subject matter hereof. Any amendment or supplement hereto shall be
made in writing and shall not become effective until its due execution by the Parties hereto.
	 
	10.9	 	Without the WFOE’s prior written consent, none of the other Parties may transfer any of its
rights and/or obligations hereunder to any third party. The Shareholders and the Company
hereby agree that the WFOE is entitled to transfer any of its rights and/or obligations
hereunder to any third party upon written notice thereof to the Shareholders and the Company.
	 
	10.10	 	This Agreement shall be binding on the legal successors of the Parties.

[The remainder of this page intentionally left blank]

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[SIGNATURE PAGE]

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

	 	 	 	 	 
	Xin ZHOU

 	 	 
	By:  	/S/Xin Zhou
 	 	 
	 	 	 	 
	 	 	 	 
	 
	Xudong ZHU

 	 	 
	By:  	/S/Xudong Zhu
 	 	 
	 	 	 	 
	 	 	 	 
	 
	Shanghai CRIC Information Technology Co., Ltd.

(Company seal)

 

 	 	 
	By:  	/seal/
 	 	 
	 
Name:  	 	 
	 
Title:  	 	 
	 
	 
	 
	Shanghai Tian Zhuo Advertising Co., Ltd.

(Company seal)

 

 	 	 
	By:  	/seal/
 	 	 
	 
Name:  	 	 
	 
Title:  	 	 

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Annex 1:

Power of Attorney

THIS POWER OF ATTORNEY (hereinafter, the “Power of Attorney”) is executed by Xin ZHOU ( ID card
No.: 310109671031081) as of July 20, 2009 and issued to Zhuyu DING ( ID card No.:
310106197311030812) (hereinafter, the “Entrusted Person”).

I, Xin ZHOU, hereby entrust the Entrusted Person with full representative power to exercise the
following rights owned by me in the capacity of a shareholder of Shanghai Tian Zhuo Advertising
Co., Ltd. (hereinafter, the “Company”) on my behalf:

	(1)	 	As my representative, to propose to convene and attend Shareholders’ meetings of the Company
according to the articles of association of the Company;;
	 
	(2)	 	As my representative, to exercise, on behalf of each of the Shareholders, their voting rights
on all matters requiring discussion or resolutions of the Shareholders’ meetings of the
Company, including without limitation, the appointment and election of the Company’s directors
and other officers to be appointed and removed by the Shareholders;;
	 
	(3)	 	As my representative, to exercise other voting rights of shareholder as specified in the
articles of association of the Company (including any other shareholder voting rights as
specified in the amended articles of association).

I hereby irrevocably confirm that this Power of Attorney shall continue to be valid until the
Shareholder Voting Right Proxy Agreement executed by and between Shanghai CRIC Information
Technology Co., Ltd. (hereinafter, the “WFOE”), the Company and the Shareholders of the Company as
of July 20, 2009 expires or is early terminated, unless the WFOE gives me a direction to replace
the Entrusted Person.

Authorization is hereby made.

	 	 	 	 	 
	 	Name: Xin ZHOU

 

 	 
	 	Signature:  	/S/Xin Zhou
 	 
	 	 
Date: July 20, 2009 	 

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Annex 2:

Power of Attorney

THIS POWER OF ATTORNEY (hereinafter, the “Power of Attorney”) is executed by Xudong ZHU (ID Card
No: 310108196710054852) as of July 20, 2009 and issued to Zhuyu DING ( ID card No.:
310106197311030812) (hereinafter, the “Entrusted Person”).

I, Xudong ZHU, hereby entrust the Entrusted Person with full representative power to exercise the
following rights owned by me in the capacity of a shareholder of Shanghai Tian Zhuo Advertising
Co., Ltd. (hereinafter, the “Company”) on my behalf:

	(4)	 	As my representative, to propose to convene and attend Shareholders’ meetings of the Company
according to the articles of association of the Company;;
	 
	(5)	 	As my representative, to exercise, on behalf of each of the Shareholders, their voting rights
on all matters requiring discussion or resolutions of the Shareholders’ meetings of the
Company, including without limitation, the appointment and election of the Company’s directors
and other officers to be appointed and removed by the Shareholders;;
	 
	(6)	 	As my representative, to exercise other voting rights of shareholder as specified in the
articles of association of the Company (including any other shareholder voting rights as
specified in the amended articles of association).

I hereby irrevocably confirm that this Power of Attorney shall continue to be valid until the
Shareholder Voting Right Proxy Agreement executed by and between Shanghai CRIC Information
Technology Co., Ltd. (hereinafter, the “WFOE”), the Company and the Shareholders of the Company as
of July 20, 2009 expires or is early terminated, unless the WFOE gives me a direction to replace
the Entrusted Person.

Authorization is hereby made.

	 	 	 	 	 
	 	Name: Xudong ZHU

 

 	 
	 	Signature:  	/S/Xudong Zhu
 	 
	 	 
Date: July 20, 2009 	 

10exv10w19

Exhibit 10.19

Shanghai CRIC Information Technology Co., Ltd.

and

Shanghai Tian Zhuo Advertising Co., Ltd.

 

Consulting and Service Agreement

 

Dated as of April 1, 2008

 

 

Consulting and Service Agreement

This CONSULTING AND SERVICES AGREEMENT (this “Agreement”) is entered into on April 1, 2008 in
Shanghai, the People’s Republic of China (hereinafter referred to as “PRC”) by and between the
following two parties:

(1) Shanghai Tian Zhuo Advertising Co., Ltd., a limited liability company duly established and
validly existing under the PRC laws, of which the registered address is Room 201, Building 2, No.
38 Haiguang Road, Shanyang Town, Jinshan District, Shanghai (hereinafter referred to as “Tian Zhuo
Advertising”);

(2) Shanghai CRIC Information Technology Co., Ltd., a wholly foreign owned enterprise duly
established and validly existing under the PRC laws, of which the registered address is Room 308,
Building A, Science and Technology Building, No.149 Yanchang Road, Shanghai (hereinafter referred
to as “Shanghai CRIC”);

(Tian Zhuo Advertising and Shanghai CRIC are hereinafter referred to collectively as the “Parties”
and individually as a “Party”.)

WHEREAS Tian Zhuo Advertising is a limited liability company registered, established and duly
existing in Shanghai, the PRC, mainly engaged in design, production, agency and publication of
advertisements, development, services and consulting of computer technology, sales of computer,
software and its ancillary device and electronic products and etc;

WHEREAS Shanghai CRIC is a wholly foreign owned limited liability company registered, established
and legally existing in Shanghai, the PRC, mainly engaged in technology development and consulting
of technology, investment and commercial affairs;

WHEREAS Tian Zhuo Advertising needs Shanghai CRIC to provide consulting and services related to the
Business (as defined below) of Tian Zhuo Advertising and Shanghai CRIC agrees to provide such
consulting and services to Tian Zhuo Advertising;

Through friendly negotiation, both Parties have reached an agreement as follows:

Article 1 Definitions

	1.1	 	Unless otherwise provided herein or to be otherwise interpreted in the context of this
Agreement, the following terms in this Agreement shall have the following meanings:

 

 

	 	 	“Business” refers to all business operated and developed by Tian Zhuo Advertising currently
and at any time during the term of this Agreement.
	 
	 	 	“Services” refers to various services related to the Business provided by Shanghai CRIC to
Tian Zhuo Advertising pursuant to this Agreement.
	 
	 	 	“Service Charges” refers to all charges payable by Tian Zhuo Advertising to Shanghai CRIC
in accordance with Article 3 herein for the consulting and services provided by Shanghai
CRIC.
	 
	 	 	“Confidential Information” has the meaning set forth in Clause 1 of Article 6 under this
Agreement.
	 
	 	 	“Breaching Party” has the meaning set forth in Clause 1 of Article 11 under this Agreement.
	 
	 	 	“Breach of Contract” has the meaning set forth in Clause 1 of Article 11 under this
Agreement.
	 
	 	 	“Available Rights” has the meaning set forth in Clause 5 of Article 13 under this
Agreement.

	1.2	 	All the reference herein to any laws and regulations (hereinafter referred to as “Laws”)
shall be deemed to include:

	 	(1)	 	Simultaneous reference to the contents of the amendments, modifications,
re-enactments and additions to the Laws, regardless whether the same take effect
before or after the conclusion of this Agreement; and
	 
	 	(2)	 	Simultaneous reference to other decisions, notices and rules formulated
according to the provisions of the Laws or effective as a result of the Laws.

	1.3	 	Unless otherwise specified in the context of this Agreement, all the articles, clauses, items
and paragraphs mentioned herein refer to the corresponding contents of this Agreement.

Article 2 Services

	2.1	 	The Parties further acknowledge that, the Services provided by Shanghai CRIC to Tian Zhuo
Advertising under this Agreement include: (1) providing consultancy services regarding
operation and management to Tian Zhuo Advertising that are required for its Business; (2)
assisting Tian Zhuo Advertising in employee training; (3) assisting Tian Zhuo Advertising in

 

 

	 	 	relevant industry research; (4) assisting Tian Zhuo Advertising in seeking investment
opportunities, conducting research on investment environment, proposing and implementing
various strategic investments; and (5) providing other relevant consultancy services as
requested by Tian Zhuo Advertising from time to time. Shanghai CRIC shall, within its
business scope and at Tian Zhuo Advertising’s request, provide the Services to Tian Zhuo
Advertising in accordance with the terms and conditions herein. For this purpose, Shanghai
CRIC shall be equipped with various resources and personnel to the extent reasonably
required for the provision of the Services, in order for Shanghai CRIC’s to provide
excellent Services to Tian Zhuo Advertising in accordance with this Agreement.

	2.2	 	For the purpose of providing the Services, Shanghai CRIC shall communicate with Tian Zhuo
Advertising regarding in respect of information related to the Business and/ or the clients of
Tian Zhuo Advertising.

Article 3 Service Charges

	3.1	 	In respect of the Services provided by Shanghai CRIC under this Agreement, Tian Zhuo
Advertising agrees to pay the Service Charges to Shanghai CRIC in accordance with Clause 2 of
Article 3. And the Service Charges shall include the following items:

	 	(1)	 	Service Charges equivalent to 100% of the before-tax profit of Tian Zhuo
Advertising of the given year, which profit is exclusive of the Service Charges under
this Agreement; and
	 
	 	(2)	 	Service Charges for specific consulting and services provided by Shanghai
CRIC from time to time at the request of Tian Zhuo Advertising, the amount and payment
of which shall be separately agreed upon by the Parties in accordance with the
specific circumstances.

	3.2	 	The Parties agree that the Service Charges shall be paid as follows:

	 	(1)	 	Tian Zhuo Advertising shall, prior to April 30th of each year, pay
to Shanghai CRIC the Service Charges of the previous year prescribed under Item (1) of
Clause 3.1 based on its checked and verified income and expenditures of the previous
year.
	 
	 	(2)	 	After the end of each fiscal year of Tian Zhuo Advertising, the Parties shall
check and verify the total Service Charges actually payable by Tian Zhuo Advertising
based on the sum of the income an expenditure in respect of the Business of Tian Zhuo
Advertising in that year that is

 

 

	 	 	 	verified by the audit report issued by a PRC certified accounting firm accepted by
both Parties. Tian Zhuo Advertising undertakes to Shanghai CRIC that it shall
provide the PRC certified accounting firm with all necessary materials and
assistance and cause it to finalize and deliver to both Parties, within thirty (30)
business days of the end of a fiscal year, the audit report of that year.

	3.3	 	It is agreed by both Parties that the aforesaid payment of the Service Charges, in principle,
shall not cause any difficulty in business operation of any Party in the given year. For this
purpose, Shanghai CRIC may, to the extent to realize such principle, consent to Tian Zhuo
Advertising’s late payment of the Service Charges or adjust in writing, upon the mutual
agreement with Tian Zhuo Advertising, the proportion and/ or specific amount of the Service
Charges payable by Tian Zhuo Advertising to Shanghai CRIC provided under Clause 3.1.
	 
	3.4	 	Tian Zhuo Advertising shall pay on time all Service Charges to the bank account designated by
Shanghai CRIC in accordance with this Article 3. If Shanghai CRIC intends to change its bank
account, it shall give Tian Zhuo Advertising a written notice seven (7) business days in
advance.

Article 4 Obligations of Tian Zhuo Advertising

	4.1	 	During the term of this Agreement, Tian Zhuo Advertising shall not, without prior written
consent of Shanghai CRIC, accept from any third party any services identical or similar to the
Services provided by Shanghai CRIC by signing any agreement with it or in any way otherwise.
	 
	4.2	 	In order for Shanghai CRIC to provide the Services, Tian Zhuo Advertising shall, at the
request of Shanghai CRIC, provide it in a timely manner with the relevant materials as it
requires.
	 
	4.3	 	Tian Zhuo Advertising shall fully pay the Service Charges to Shanghai CRIC in time in
accordance with the provisions of Article 3 herein.
	 
	4.4	 	Tian Zhuo Advertising shall maintain its own good reputation and actively develop its
Business for maximum benefits with the assistance of Shanghai CRIC.

Article 5 Intellectual Property Rights

	5.1	 	All intellectual property rights in respect of all work achievements created by Shanghai CRIC
during the course of providing the Services belong to Shanghai CRIC.

 

 

	5.2	 	As the development of Tian Zhuo Advertising’s Business relies on the Services provided by
Shanghai CRIC hereunder, in respect of the Business-related technologies developed by Tian
Zhuo Advertising based on such Services, Tian Zhuo Advertising agrees to the following
arrangements:

	 	(1)	 	If any Business-related technology is acquired as a result of Tian Zhuo
Advertising’s further development as entrusted by Shanghai CRIC, or of any joint
development by both Parties, the ownerships and the rights of patent application in
respect of such Business-related technology shall belong to Shanghai CRIC.
	 
	 	(2)	 	If any Business-related technology is acquired as a result of Tian Zhuo
Advertising’s further development independently, its ownership shall belong to Tian
Zhuo Advertising, provided that (A) Tian Zhuo Advertising shall timely inform Shanghai
CRIC of details of such technology and provide it with the relevant information as it
requires; and (B) If Tian Zhuo Advertising intends to transfer or license the
technology to others, it shall, to the extent no incompliance with the mandatory rules
under the PRC law, take it a priority of Shanghai CRIC to transfer or license in an
exclusive way the technology to it . Shanghai CRIC may use the technology within the
specific scope of the transfer or license made by Tian Zhuo Advertising (still,
Shanghai CRIC has the right to determine whether or not to accept the transfer or
license); only where Shanghai CRIC waives its right of first refusal to purchase or
waives its right of exclusive use of the technology may Tian Zhuo Advertising transfer
or license the technology to a third party; provided that the terms and conditions
offered to the third party are not more favorable than those offered to Shanghai CRIC
(including without limitation transfer price and license fee) and Tian Zhuo
Advertising shall ensure that the third party fully abide by and perform all
obligations and responsibilities that should be abided by and performed by Tian Zhuo
Advertising hereunder; and (C) Except as prescribed in Item (B) above, during the term
provided under Clause 1 of Article 8 hereof, Shanghai CRIC has the option to purchase
the technology; Tian Zhuo Advertising shall, to the extent no incompliance with the
mandatory rules of the PRC law, agree on Shanghai CRIC’s purchase of the same and the
purchase price shall be RMB One Yuan (RMB1.00) or such other minimum price as then
permitted by the Laws.

	5.3	 	If Shanghai CRIC is granted the exclusive license to use the Business-related technology
pursuant to the provisions of Item 2 of Clause 5.2 hereunder, such license shall be granted
according to the following provisions of this Clause:

 

 

	 	(1)	 	the license term shall be no less than five (5) years (commencing on the
effective date of the relevant license agreement);
	 
	 	(2)	 	the scope of the right licensed shall be defined to the maximum extent;
	 
	 	(3)	 	within the term and scope of the license, no person (including Tian Zhuo
Advertising) except for Shanghai CRIC may use or license the technology to any other
person for use in any way;
	 
	 	(4)	 	without prejudice to Item 3 of this Clause 5.3, Tian Zhuo Advertising has the
right to determine, at its own discretion, whether or not to license the technology to
any other person;
	 
	 	(5)	 	after the expiration of the license term, Shanghai CRIC has the right to
request that the license agreement be renewed and Tian Zhuo Advertising shall agree on
this. Then the terms of the license agreement shall remain the same expect amendments
acknowledged by Shanghai CRIC.

	5.4	 	Notwithstanding the provision of Item 2 of Clause 5.2 above, the patent application in
respect of any Business-related technology mentioned therein shall be proceeded in accordance
with the following provisions:

	 	(1)	 	If Tian Zhuo Advertising intends to apply for a patent in respect of any
Business-related technology mentioned in that paragraph, it shall obtain a prior
written consent from Shanghai CRIC;
	 
	 	(2)	 	Only where Shanghai CRIC waives its right to purchase the right to any patent
application in respect of any Business-related technology may Tian Zhuo Advertising
apply for the patent for the same on its own or transfer to a third party such right
to patent application. Where Tian Zhuo Advertising transfers any of the aforesaid
rights to any patent application to a third party, it shall ensure that the third
party fully abide by and perform the responsibilities and obligations that should be
abided by and performed by Tian Zhuo Advertising hereunder; meanwhile, the terms and
conditions based on which Tian Zhuo Advertising transfers to the third party the
patent application right (including but not limited to the transfer price) shall not
be more favorable than those offered to Shanghai CRIC under Item (3) of this Clause
5.4.
	 
	 	(3)	 	During the term of this Agreement, Shanghai CRIC may, at any time, request
that Tian Zhuo Advertising apply for a patent for the Business-related technology and,
at its own discretion, determine

 

 

	 	 	 	whether or not to purchase the patent application right. At such request of Shanghai
CRIC, Tian Zhuo Advertising shall, to the extent no incompliance with mandatory
rules under the PRC law, transfer to it such right to patent application, and the
transfer price shall be RMB One Yuan (RMB1.00) or such other minimum price as then
permitted by the Laws. Shanghai CRIC will become the legal owner of the patent in
respect of the Business-related technology after it applies for and acquires the
patent for the same.

	5.5	 	Each Party warrants to the other Party that it will indemnify the other Party against any and
all its economic losses resulted from any infringement, by the former Party, on the
intellectual property rights (including copyrights, trademarks, patents and know-how) of any
other person.

Article 6 Confidentiality

	6.1	 	Regardless of the termination of this Agreement, each Party is obligated to keep strictly
confidential trade secrets, proprietary information, clients’ information and all other
information of confidential nature related to the other Party that are known to the former
Party during the course of its execution and performance of this Agreement (the “Confidential
Information”). Unless as agreed to by the other Party, or as required by the relevant laws,
regulations or the requirements for publicly listing, the Party receiving the Confidential
Information shall not disclose to any third party any of such Confidential Information. Except
for the purpose of performing this Agreement, the receiving Party shall not use, directly or
indirectly, any Confidential Information.

	6.2	 	The Confidential Information does not include:

	 	(a)	 	the information that has been lawfully acquired by the Party receiving the
information before as evidenced by certain written evidence;
	 
	 	(b)	 	the information entered the public domain without attribution to fault of the
Party receiving the information and the information being aware of by the public for
other reasons; and
	 
	 	(c)	 	the information lawfully acquired by the Party receiving the information from
other sources after being received by the Party.

	6.3	 	The receiving Party may disclose the Confidential Information to its relevant employees,
agents or professionals engaged by it. However, the receiving Party shall ensure that such
persons shall abide by the relevant terms and conditions of this Agreement, and it shall bear
any liability resulted from the

 

 

	 	 	breach by any of the above persons of the relevant terms and conditions under this
Agreement.

Article 7 Representations and Warranties

	7.1	 	Tian Zhuo Advertising hereby represents and warrants that:

	 	7.1.1	 	It is a limited liability company duly registered and validly existing under
the PRC Laws with an independent legal person status. It has the full and independent
legal status and legal capacity to execute, deliver and perform this Agreement and may
sue and be sued as an independent party.
	 
	 	7.1.2	 	It has the full power and authority, to execute and deliver this Agreement
and all other documents relating to the transaction contemplated hereby that are to be
executed by it; and to consummate the transaction contemplated hereby. This Agreement
is duly executed and delivered by it, and shall constitute a legal, binding and
enforceable obligation against it in accordance with the terms hereof.
	 
	 	7.1.3	 	When this Agreement comes into effect, it has complete operation licenses
required for operating its Business and has the full rights and qualifications to
operate the Business it currently operates in the PRC.
	 
	 	7.1.4	 	It shall notify Shanghai CRIC in a timely manner of any circumstance that
has or may have a material adverse effect on its Business or operation and shall make
every effort to prevent the occurrence of such circumstance and/or further loss.
	 
	 	7.1.5	 	Without a written consent from Shanghai CRIC, Tian Zhuo Advertising shall
not dispose of, in any way, its material assets (including but not limited to any of
its trademarks or other intellectual properties and/or equities or similar rights and
interests in any other companies), nor shall it change its current shareholding
structure.
	 
	 	7.1.6	 	Without a written consent from Shanghai CRIC, Tian Zhuo Advertising shall
not increase or reduce its registered capital, nor shall it get itself split or
combined with any other entity.
	 
	 	7.1.7	 	Without a written consent from Shanghai CRIC, Tian Zhuo Advertising shall
not execute any other agreement that may be in

 

 

	 	 	 	conflict with or may impair the rights or interests of Shanghai CRIC under this
Agreement.
	 
	 	7.1.8	 	Without a written consent from Shanghai CRIC, Tian Zhuo Advertising shall
not advance or take any loan, or provide any security or grant any other guarantee, or
bear any substantial obligations beyond those its ordinary business activities.

	7.2	 	Shanghai CRIC hereby represents and warrants that:

	 	7.2.1	 	It is a limited liability company duly registered and validly existing under
the PRC Laws with an independent legal person status. It has the full and independent
legal status and legal capacity to execute, deliver and perform this Agreement and may
sue and be sued as an independent party.
	 
	 	7.2.2	 	It has the full power and authority, to execute and deliver this Agreement
and all other documents relating to the transaction contemplated hereby that are to be
executed by it; and to consummate the transaction contemplated hereby. This Agreement
is duly executed and delivered by it, and shall constitute a legal, binding and
enforceable obligation against it in accordance with the terms hereof.

Article 8 Terms of Agreement

	8.1	 	It is hereby acknowledged by both Parties that this Agreement will be effective upon its due
execution by both Parties. Unless both Parties agree in writing to terminate it earlier, the
term of this Agreement shall be ten years. Upon the expiration hereof, this Agreement shall be
renewed for another ten years automatically at the request of Shanghai CRIC.
	 
	8.2	 	After the termination of this Agreement, both Parties shall still abide by their respective
obligations under Article 3 and Article 6 hereof.

Article 9 Indemnifications

Tian Zhuo Advertising shall indemnify Shanghai CRIC against any losses it suffers by any lawsuit,
recourse, arbitration or claim brought by any third party against Shanghai CRIC with regard to the
execution and performance of this Agreement, or by any administrative investigation or punishment
imposed by any governmental authority. However, this does not apply to any losses caused as a
result of any willful act or gross negligence of Shanghai CRIC.

 

 

Article 10 Notices

	10.1	 	All notices, requests, demands and other correspondences required by this Agreement or made
in accordance with this Agreement shall be delivered in writing to the relevant Party.
	 
	10.2	 	The above notices or other correspondence shall be deemed to be delivered (i) upon being sent
out if by facsimile or electric transmission, or (ii) upon handover in person if by hand
delivery; or (iii) upon the fifth (5th) day of being posted if by mail

Article 11 Liabilities for Breach

	11.1	 	The Parties agree and confirm that, if any Party (the “Breaching Party”) is materially in
breach of any provision hereof, or materially fails or delays in performing any of the
obligations hereunder, a breach hereof is constituted (a “Breach”), and the other Party which
does not commit any Breach (a “Non-breaching Party”) has the right to require that the
Breaching Party rectify it or take a remedial action within a reasonable period. If the
Breaching Party fails to rectify the Breach or take remedial actions within the a reasonable
period or within fifteen (15) days of the other Party’s written rectification notice, then the
Non-breaching Party is entitled to choose at its discretion (i) to terminate this Agreement
and require the Breaching Party to indemnify it against all its damage incurred therefrom; or
(ii) to require that the Breaching Party to perform its obligations hereunder and to indemnify
the Non-breaching Party against all its damage incurred therefrom.
	 
	11.2	 	Notwithstanding the provision of Clause 1 of Article 11 above, both Parties agree and
acknowledge that in no event shall Tian Zhuo Advertising request to terminate this Agreement
for whatever reasons, unless otherwise provided by the Laws or in this Agreement.
	 
	11.3	 	Notwithstanding other provisions hereof, the effectiveness of this Article 11 will not be
affected by the suspension or termination of this Agreement.

Article 12 Force Majeure

Where the performance of this Agreement by any Party is directly affected or the Party is unable to
perform this Agreement in accordance with the conditions hereof due to such force majeure event
that is not foreseeable or the consequence of which is preventable or avoidable as earthquakes,
typhoons, floods, fires, wars, computer viruses, design loopholes in software tools, hacker attacks
on the Internet, changes to policies or Laws, etc., the suffering Party shall immediately give a
notice by fax and shall, within thirty (30) days, provide certificates to evidence the details of
the force

 

 

majeure event and the cause of the failure or delay in performing this Agreement. The said
certificates shall be issued by a notary public where the force majeure event occurs. The Parties
shall consult with each others, based on the degree of the impact of the force majeure event over
the performance of this Agreement, to determine whether the performance of this Agreement should be
exempted in a part or be postpone. Each Party shall not be held liable for any economic losses
caused to the other Party by such a force majeure event.

Article 13 Miscellaneous

	13.1	 	This Agreement is written in Chinese in two originals. Each of the Parties hereof shall hold
one original. The Parties may execute additional originals accordingly for the purpose of
registration or filing hereof (if needed).
	 
	13.2	 	The execution, effectiveness, performance, revision, interpretation and termination of this
Agreement shall be governed by laws of People Republic of China.
	 
	13.3	 	Any dispute arising out of or in connection with this Agreement shall be resolved by the
Parties through consultation. In the event the Parties fail to agree with each other within
thirty (30) days after the dispute arises, the dispute shall be submitted to China
International Economic and Trade Arbitration Commission Shanghai Commission for arbitration in
Shanghai in accordance with the arbitration rules thereof effective at the submission of the
application for arbitration. The arbitration award shall be final and binding upon the
Parties.
	 
	13.4	 	None of the rights, powers or remedies granted to each of the Parties by any provision of
this Agreement shall preclude any other rights, powers or remedies that such Party is entitled
to under the laws and under any other provisions of this Agreement, and any Party’s exercise
of any of its rights, powers or remedies shall not preclude its exercise of any other rights,
powers or remedies that it is entitled to.
	 
	13.5	 	A Party’s failure or delay in exercising any of its rights, powers or remedies that it is
entitled to under this Agreement or under the laws (the “Available Rights”) shall not
constitute its waiver of such rights, nor shall any single or partial waiver of any Available
Rights by a Party preclude its exercise of those rights in another manner or its exercise of
any other Available Rights.
	 
	13.6	 	The headings in this Agreement are written for the ease of reference only, and in no event,
shall be used for, or affect, the interpretation to this Agreement.
	 
	13.7	 	Each provision herein is separable and independent from all other provisions

 

 

	 	 	herein. If any one provision or more provisions of this Agreement become invalid, illegal
or unenforceable at any time, the validity, legality and enforceability of other provisions
herein shall not be affected.
	 
	13.8	 	This Agreement, upon the execution, shall supersede any other prior legal documents among the
Parties with respect to the subject matter hereof. Any amendment or supplement hereto shall be
made in writing and shall not become effective until its due execution by the Parties hereto.
	 
	13.9	 	Without Shanghai CRIC’s prior written consent, Tian Zhuo Advertising shall not transfer any
of its rights and/or obligations hereunder to any third party. To the extent permitted by the
Laws, Shanghai CRIC is entitled to transfer any of its rights and/or obligations hereunder to
any third party upon a written notice thereof to Tian Zhuo Advertising.
	 
	13.10	 	This Agreement shall be binding on the legal successors of the Parties.
	 
	13.11	 	The Parties undertake that they shall declare and pay respectively the taxes levied on it
hereunder according to the Laws.

[The remainder of this page intentionally left blank]

 

 

[EXECUTION PAGE]

In witness hereof, this Agreement is executed by both Parties in the place and as of the date first
above written.

	 	 	 	 	 
	Shanghai Tian Zhuo Advertising Co., Ltd.
(Seal)

 	 	 
	Signed by:  	/s/ Xin Zhou and /sea/
 	 	 
	Name:  	 	 	 
	Title:  	 	 	 
	 
	Shanghai CRIC Information Technology Co., Ltd.
(Seal)

 	 	 
	Signed by:  	/sea/
 	 	 
	Name:  	 	 	 
	Title:

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