Document:

Exhibit 4.20

Exhibit 4.20

ELONG, INC.

2009 SHARE AND ANNUAL INCENTIVE PLAN

SECTION 1. Purpose; Definitions

The purpose of the Plan is to give the Company a competitive advantage in attracting,
retaining and motivating officers, employees, directors and consultants and to provide the Company
and its Affiliates with a share and incentive plan granting Awards to provide incentives directly
linked to shareholder value.

Certain terms used herein have definitions given to them in the first place in which they are
used. In addition, for purposes of the Plan, the following terms are defined as set forth below:

(a) “ADSs” means American depositary shares representing the Ordinary Shares. Each ADS
represents two (2) Ordinary Shares.

(b) “Affiliate” of an entity means a corporation or other entity controlled by,
controlling or under common control with such entity, and, in the case of the Company,
includes the variable interest entities of the Company located in the People’s Republic of
China, but shall not include IAC/Interactive Corp (“IAC”).

(c) “Applicable Exchange” means NASDAQ or such other securities exchange as may at the
applicable time be the principal market for the Company’s ADSs.

(d) “Award” means an Option, Share Appreciation Right, Restricted Share, Restricted
Share Unit, or other share-based award granted pursuant to the terms of this Plan.

(e) “Award Agreement” means a written or electronic document or agreement setting
forth the terms and conditions of a specific Award.

(f) “Board” means the Board of Directors of the Company.

(g) “Bonus Award” means a bonus award made pursuant to Section 9.

(h) “Cause” means, unless otherwise provided in an Award Agreement, (i) “Cause” as
defined in any Individual Agreement to which the applicable Participant is a party, or (ii)
if there is no such Individual Agreement or if it does not define Cause: (A) the willful or
gross neglect by a Participant of his employment duties; (B) the plea of guilty or nolo
contendere to, or conviction for, the commission of a felony offense, or the equivalent in
any non-United States jurisdiction, by a Participant; (C) a material breach by a
Participant of a fiduciary duty owed to the Company or any of its Affiliates; (D) a
material breach by a Participant of any nondisclosure, non-solicitation or non-competition
obligation owed to the Company or any of its Affiliates; or (E) before a Change in Control,
such other events as shall be determined by the Committee and set forth in a Participant’s
Award Agreement. Notwithstanding the general rule of Section 2(c),
following a Change in Control, any determination by the Committee as to whether
“Cause” exists shall be subject to de novo review.

 

 

 

(i) “Change in Control” has the meaning set forth in Section 10(b).

(j) “Code” means the Internal Revenue Code of 1986, as amended from time to time, and
any successor thereto, the Treasury Regulations thereunder and other relevant interpretive
guidance issued by the Internal Revenue Service or the Treasury Department. Reference to
any specific section of the Code will be deemed to include such regulations and guidance,
as well as any successor provision of the Code.

(k) “Committee” means the Committee referred to in Section 2(a).

(l) “Company” means eLong, Inc., a Cayman Islands corporation, or its successor.

(m) “Disability” means (i) “Disability” as defined in any Individual Agreement to
which the Participant is a party, (ii) if there is no such Individual Agreement or it does
not define “Disability” (A) permanent and total disability as determined under the
Company’s long-term disability plan applicable to the Participant or (B) if there is no
such plan applicable to the Participant or the Committee determines otherwise in an
applicable Award Agreement, (iii) “Disability” as determined by the Committee.
Notwithstanding the above, with respect to an Incentive Stock Option, Disability means
Permanent and Total Disability as defined in Section 22(e)(3) of the Code and, with respect
to all Awards given to United States taxpayers, to the extent required by Section 409A of
the Code, “disability” within the meaning of Section 409A of the Code.

(n) “Disaffiliation” means an Affiliate of the Company’s ceasing to be an Affiliate
for any reason (including, without limitation, as a result of a public offering, or a
spinoff or sale by the Company, of the stock of the Affiliate) or a sale of a division of
the Company and its Affiliates.

(o) “Eligible Individuals” means officers, employees and consultants of the Company or
any of its Affiliates. Directors (including both employee and non-employee directors) of
the Company shall not be deemed to be Eligible Individuals prior to the date on which the
Company’s shareholders approve the amendment of this Plan to include directors within the
scope of Eligible Individuals.

(p) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to
time, and any successor thereto.

(q) “Fair Market Value” means, unless otherwise defined in an Award Agreement, if ADSs
or Ordinary Shares are listed on a national securities exchange, as of any given date, the
closing price for the ADSs (adjusted to reflect the number of Ordinary Shares represented
by each ADSs) or Ordinary Shares on such date on the Applicable Exchange, or if neither
ADSs nor Ordinary Shares were traded on the Applicable Exchange on such measurement date,
then on the next preceding date on which ADSs or Ordinary Shares were traded, all as
reported by such source as the Committee may select. If neither ADSs nor Ordinary Shares
are listed on a national securities exchange, Fair Market Value shall be determined by the
Committee in its good faith
discretion, taking into account, to the extent applicable and appropriate, the
requirements of Section 409A of the Code.

 

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(r) “Free-Standing SAR” has the meaning set forth in Section 5(b).

(s) “Grant Date” means (i) the date on which the Committee by resolution selects an
Eligible Individual to receive a grant of an Award and determines the number of Shares to
be subject to such Award or the formula for earning a number of Shares or cash amount, or
(ii) such later date as the Committee shall provide in such resolution.

(t) “Incentive Stock Option” means any Option that is designated in the applicable
Award Agreement as an “incentive stock option” within the meaning of Section 422 of the
Code, and that in fact so qualifies.

(u) “Individual Agreement” means an employment, consulting or similar agreement
between a Participant and the Company or one of its Affiliates.

(v) “Nonqualified Option” means any Option that is not an Incentive Stock Option.

(w) “Option” means an Award described under Section 5.

(x) “Ordinary Shares” means ordinary shares, par value $.01 per share, of the Company.

(y) “Participant” means an Eligible Individual to whom an Award is or has been
granted.

(z) “Performance Goals” means the performance goals established by the Committee in
connection with the grant of Restricted Shares, Restricted Share Units or Bonus Awards or
other share-based awards.

(aa) “Plan” means this eLong, Inc. 2009 Share and Annual Incentive Plan, as set forth
herein and as hereafter amended from time to time.

(bb) “Plan Year” means the calendar year or, with respect to Bonus Awards, the
Company’s fiscal year if different.

(cc) “Restricted Share Units” means an award described under Section 7.

(dd) “Restricted Shares” means an award described under Section 6.

(ee) “Retirement” means retirement from active employment with the Company or an
Affiliate at or after the Participant’s reaching age 65.

(ff) “Share” means an Ordinary Share.

(gg) “Share Appreciation Right” has the meaning set forth in Section 5(b).

 

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(hh) “Subsidiary” means any corporation, partnership, joint venture or other entity
during any period in which at least a 50% voting or profits interest is owned, directly or
indirectly, by the Company or any successor to the Company.

(ii) “Tandem SAR” has the meaning set forth in Section 5(b).

(jj) “Term” means the maximum period during which an Option or Share Appreciation
Right may remain outstanding, subject to earlier termination upon Termination of Employment
or otherwise, as specified in the applicable Award Agreement.

(kk) “Termination of Employment” means the termination of the applicable Participant’s
employment with, or performance of services for, the Company and any of its Affiliates.
Unless otherwise determined by the Committee, if a Participant’s employment with, or
membership on a board of directors of, the Company and its Affiliates terminates but such
Participant continues to provide services to the Company and its Affiliates in a
non-employee director capacity or as an employee, as applicable, such change in status
shall not be deemed a Termination of Employment. A Participant employed by, or performing
services for, an Affiliate or a division of the Company or an Affiliate shall be deemed to
incur a Termination of Employment if, as a result of a Disaffiliation, such Affiliate or
division ceases to be an Affiliate or division, as the case may be, and the Participant
does not immediately thereafter become an employee of, or member of the board of directors
of, the Company or another Affiliate. Temporary absences from employment because of
illness, vacation or leave of absence and transfers among the Company and Affiliates shall
not be considered Terminations of Employment. Notwithstanding the foregoing, with respect
to any Award that constitutes a “nonqualified deferred compensation plan” within the
meaning of Section 409A of the Code, “Termination of Employment” shall mean a “separation
from service” as defined under Section 409A of the Code.

SECTION 2. Administration

(a) Committee. The Plan shall be administered by the Compensation Committee of the
Board or such other committee of the Board as the Board may from time to time designate
(the “Committee”), which shall be composed of not less than two directors, and
shall be appointed by and serve at the pleasure of the Board. The Committee shall have
plenary authority to grant Awards pursuant to the terms of the Plan to Eligible
Individuals. Among other things, the Committee shall have the authority, subject to the
terms of the Plan:

(i) to select the Eligible Individuals to whom Awards may from time to time be
granted;

(ii) to determine whether and to what extent Options, Share Appreciation Rights,
Restricted Shares and Restricted Share Units, other share-based units, or any combination
thereof are to be granted hereunder;

(iii) to determine the number of Ordinary Shares to be covered by each Award granted
hereunder;

 

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(iv) to determine the terms and conditions of each Award granted hereunder, based on
such factors as the Committee shall determine;

(v) subject to Section 11, to modify, amend or adjust the terms and conditions of
any Award, at any time or from time to time;

(vi) to adopt, alter and repeal such administrative rules, guidelines and practices
governing the Plan as it shall from time to time deem advisable;

(vii) to interpret the terms and provisions of the Plan and any Award issued under
the Plan (and any agreement relating thereto);

(viii) to establish any “blackout” period that the Committee in its sole discretion
deems necessary or advisable; and

(ix) to otherwise administer the Plan.

(b) Procedures. The Committee may act only by a majority of its members then in
office, except that the Committee may, except to the extent prohibited by applicable law or
listing standards of the Applicable Exchange and allocate all or any portion of its
responsibilities and powers to any one or more of its members and may delegate all or any
part of its responsibilities and powers to any person or persons selected by it. Any
authority granted to the Committee may also be exercised by the full Board. To the extent
that any permitted action taken by the Board conflicts with action taken by the Committee,
the Board action shall control.

(c) Discretion of Committee. Subject to Section 1(h), any determination made by the
Committee or by an appropriately delegated officer pursuant to delegated authority under
the provisions of the Plan with respect to any Award shall be made in the sole discretion
of the Committee or such delegate at the time of the grant of the Award or, unless in
contravention of any express term of the Plan, at any time thereafter. All decisions made
by the Committee, or any officer with appropriately delegated authority, pursuant to the
provisions of the Plan shall be final and binding on all persons, including the Company,
Participants, and Eligible Individuals.

(d) Award Agreements. The terms and conditions of each Award, as determined by the
Committee, shall be set forth in an Award Agreement, which shall be delivered to the
Participant receiving such Award upon, or as promptly as is reasonably practicable
following, the grant of such Award. The effectiveness of an Award shall not be subject to
the Award Agreement’s being signed by the Company and/or the Participant receiving the
Award unless specifically so provided in the Award Agreement. Award Agreements may be
amended only in accordance with Section 11 hereof.

SECTION 3. Ordinary Shares Subject to Plan

(a) Plan Maximums. The maximum number of Ordinary Shares that may be delivered
pursuant to Awards under the Plan shall be 6,000,000 (six million). Ordinary Shares subject
to an
Award under the Plan may be authorized and unissued Ordinary Shares, ADSs or treasury
Shares.

 

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(b) Individual Limits. The Committee may set limits on the maximum number of Awards
which any Participant may be granted during the term of the Plan.

(c) Rules for Calculating Shares Delivered.

(i) To the extent that any Award is forfeited, or any Option and the related Tandem
SAR (if any) or Free-Standing SAR terminates, expires or lapses without being exercised,
or any Award is settled for cash, the Shares subject to such Awards not delivered as a
result thereof shall again be available for Awards under the Plan.

(ii) If the exercise price of any Option and/or the tax withholding obligations
relating to any Award are satisfied by delivering Ordinary Shares to the Company (by
either actual delivery or by attestation), only the number of Ordinary Shares issued net
of the Shares delivered or attested to shall be deemed delivered for purposes of the
limits set forth in Section 3(a). To the extent any Ordinary Shares subject to an Award
are withheld to satisfy the exercise price (in the case of an Option) and/or the tax
withholding obligations relating to such Award, such Shares shall not be deemed to have
been delivered for purposes of the limits set forth in Section 3(a).

(d) Adjustment Provision. In the event of a merger, consolidation, acquisition of
property or shares, liquidation, Disaffiliation, or similar event affecting the Company or
any of its Affiliates (each a “Corporate Transaction”), the Committee or the Board
may in its discretion make such substitutions or adjustments as it deems appropriate or
equitable to (i) the aggregate number and kind of Shares or other securities reserved for
issuance and delivery under the Plan, (ii) the various maximum limitations set forth in
Sections 3(a) and 3(b) upon certain types of Awards and upon the grants to individuals of
certain types of Awards, (iii) the number and kind of Shares of other securities subject to
outstanding Awards; and (iv) the exercise price of outstanding Options and Share
Appreciation Rights. In the event of a share dividend, share split, reverse share split,
share rights offering, separation, spinoff, reorganization, extraordinary dividend of cash
or other property, share combination, or recapitalization or similar event affecting the
capital structure of the Company (each, a “Share Change”), the Committee or the
Board shall make such substitutions or adjustments as it deems equitable to (i) the
aggregate number and kind of Shares or other securities reserved for issuance and delivery
under the Plan, (ii) the various maximum limitations set forth in Sections 3(a) and 3(b)
upon certain types of Awards and upon the grants to individuals of certain types of Awards,
(iii) the number and kind of Shares or other securities subject to outstanding Awards; and
(iv) the exercise price of outstanding Options and Share Appreciation Rights. In the case
of Corporate Transactions, such adjustments may include, without limitation, (1) the
cancellation of outstanding Awards in exchange for payments of cash, property or a
combination thereof having an aggregate value equal to the value of such Awards, as
determined by the Committee or the Board in its sole discretion (it

 

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 being understood that
in the case of a Corporate Transaction with respect to which holders of Ordinary Shares receive consideration other than publicly traded equity
securities of the ultimate surviving entity, any such determination by the Committee that
the value of an Option or Share Appreciation Right shall for this purpose be deemed to
equal the excess, if any, of the value of the consideration being paid for each Share
pursuant to such Corporate Transaction over the exercise price of such Option or Share
Appreciation Right shall conclusively be deemed valid); (2) the substitution of other
property (including, without limitation, cash or other securities of the Company and
securities of entities other than the Company) for the Shares subject to outstanding
Awards; and (3) in connection with any Disaffiliation, arranging for the assumption of
Awards, or replacement of Awards with new awards based on other property or other
securities (including, without limitation, other securities of the Company and securities
of entities other than the Company), by the affected Affiliate or division or by the entity
that controls such Affiliate or division following such Disaffiliation (as well as any
corresponding adjustments to Awards that remain based upon Company securities). Any
adjustment under this Section 3(d) need not be the same for all Participants.

(e) Section 409A. Notwithstanding the foregoing: (i) any adjustments made pursuant to
Section 3(d) to Awards to United States taxpayers that are considered “deferred
compensation” within the meaning of Section 409A of the Code shall be made in compliance
with the requirements of Section 409A of the Code; (ii) any adjustments made pursuant to
Section 3(d) to Awards to United States taxpayers that are not considered “deferred
compensation” subject to Section 409A of the Code shall be made in such a manner as to
ensure that after such adjustment, the Awards either (A) continue not to be subject to
Section 409A of the Code or (B) comply with the requirements of Section 409A of the Code;
and (iii) in any event, neither the Committee nor the Board shall have the authority to
make any adjustments pursuant to Section 3(d) to the extent the existence of such authority
would cause an Award to a United States taxpayer that is not intended to be subject to
Section 409A of the Code at the Grant Date to be subject thereto.

SECTION 4. Eligibility

Awards may be granted under the Plan to Eligible Individuals;
provided, however, that Incentive Stock Options may be granted
only to employees of the Company and its subsidiaries or
parent corporation (within the meaning of Section 424(f) of
the Code).

SECTION 5. Options and Share Appreciation Rights

(a) Types of Options. The Award Agreement for an Option granted to a United States
taxpayer that is intended to be an Incentive Stock Option shall so state. All other Options
will be Nonqualified Options.

(b) Types and Nature of Share Appreciation Rights. Share Appreciation Rights may be
“Tandem SARs,” which are granted in conjunction with an Option, or “Free-Standing SARs,”
which are not granted in conjunction with an Option. Upon the exercise of a Share
Appreciation Right, the Participant shall be entitled to receive an amount in cash,
Ordinary Shares, or both, in value equal to the product of (i) the excess of the Fair
Market Value of one Ordinary Share over the exercise price of the applicable Share
Appreciation Right, multiplied by (ii) the number of Ordinary Shares in respect of which
the Share Appreciation Right has been exercised. The
applicable Award Agreement shall specify whether such payment is to be made in cash or
Ordinary Shares or both, or shall reserve to the Committee or the Participant the right to
make that determination prior to or upon the exercise of the Share Appreciation Right.

 

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(c) Tandem SARs. A Tandem SAR may be granted at the Grant Date of the related Option.
A Tandem SAR shall be exercisable only at such time or times and to the extent that the
related Option is exercisable in accordance with the provisions of this Section 5, and
shall have the same exercise price as the related Option. A Tandem SAR shall terminate or
be forfeited upon the exercise or forfeiture of the related Option, and the related Option
shall terminate or be forfeited upon the exercise or forfeiture of the Tandem SAR.

(d) Exercise Price. The exercise price per Ordinary Share subject to an Option or
Free-Standing SAR shall be determined by the Committee and set forth in the applicable
Award Agreement, and shall not be less than the Fair Market Value of an Ordinary Share on
the applicable Grant Date. In no event may any Option or Free-Standing SAR granted under
this Plan be amended, other than pursuant to Section 3(d), to decrease the exercise price
thereof or otherwise be subject to any action that would be treated, for accounting
purposes, as a “repricing” of such Option or Free-Standing SAR, unless such amendment,
cancellation, or action is approved by the Board or the Company’s shareholders.

(e) Term. The Term of each Option and each Free-Standing SAR shall be fixed by the
Committee, but shall not exceed ten years from the Grant Date in the case of an Incentive
Stock Option.

(f) Vesting and Exercisability. Except as otherwise provided herein, Options and
Free-Standing SARs shall be exercisable at such time or times and subject to such terms and
conditions as shall be determined by the Committee. If the Committee provides that any
Option or Free-Standing SAR will become exercisable only in installments, the Committee may
at any time waive such installment exercise provisions, in whole or in part, based on such
factors as the Committee may determine. In addition, the Committee may at any time
accelerate the exercisability of any Option or Free-Standing SAR.

(g) Method of Exercise. Subject to the provisions of this Section 5, Options and
Free-Standing SARs may be exercised, in whole or in part, at any time during the applicable
Term by giving written notice of exercise to the Company or through procedures established
by a third-party Option administrator appointed by the Company specifying the number of
Shares as to which the Option or Free-Standing SAR is being exercised; provided,
however, that, unless otherwise permitted by the Committee, any such exercise must
be with respect to a portion of the applicable Option or Free-Standing SAR relating to no
less than the lesser of the number of Shares then subject to such Option or Free-Standing
SAR or 100 Shares. In the case of the exercise of an Option, such notice shall be
accompanied by payment in full of the purchase price (which shall equal the product of such
number of Shares multiplied by the applicable exercise price) by certified or bank check or
such other instrument as the Company may accept. If approved by the Committee, payment, in
full or in part, may also be made as follows:

(i) Payments may be made in the form of unrestricted Shares (by delivery of such
Shares or by attestation) of the same class as the
Shares subject to the Option already owned by the Participant (based on the Fair
Market Value of the Shares on the date the Option is exercised); provided,
however, that, in the case of an Incentive Stock Option, the right to make a
payment in the form of already owned Shares of the same class as the Common Stock subject
to the Option may be authorized only at the time the Incentive Stock Option is granted.

 

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(ii) To the extent permitted by applicable law, payment may be made by delivering a
properly executed exercise notice to the Company, together with a copy of irrevocable
instructions to a broker to deliver promptly to the Company the amount of sale or loan
proceeds necessary to pay the purchase price, and, if requested, the amount of any
federal, state, local or foreign taxes. To facilitate the foregoing, the Company may, to
the extent permitted by applicable law, enter into agreements for coordinated procedures
with one or more brokerage firms.

(iii) Payment may be made by instructing the Committee to withhold a number of
Shares having a Fair Market Value (based on the Fair Market Value of the Ordinary Shares
on the date the applicable Option is exercised) equal to the sum of (A) the product of
the exercise price multiplied by the number of Shares in respect of which the Option
shall have been exercised and (B) any other related fees or charges, including but not
limited to, fees related to the transfer of ADSs or the conversion of Ordinary Shares to
ADSs, if the Committee in its discretion determines to deliver ADSs.

(h) Delivery; Rights of Shareholders. No Shares may be delivered pursuant to the
exercise of an Option until the exercise price therefor has been fully paid and applicable
taxes and other fees or charges have been withheld. The applicable Participant shall have
all of the rights of a shareholder of the Company holding Shares of the class or series
that is subject to the Option or Share Appreciation Right (including, if applicable, the
right to vote the applicable Shares and the right to receive dividends), when the
Participant (i) has given written notice of exercise, (ii) if requested, has given the
representation described in Section 13(a), and (iii) in the case of an Option, has paid in
full for such Shares.

(i) Termination of Employment. Subject to Section 10(c), a Participant’s Options and
Share Appreciation Rights shall be forfeited upon such Participant’s Termination of
Employment, except as set forth below:

(i) upon a Participant’s Termination of Employment by reason of death, any Option or
Share Appreciation Right held by the Participant that was exercisable immediately before
the Termination of Employment may be exercised at any time until the earlier of (A) the
first anniversary of the date of such death and (B) the expiration of the Term thereof;

 

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(ii) upon a Participant’s Termination of Employment by reason of Disability or
Retirement, any Option or Share Appreciation Right held by the Participant that was
exercisable immediately before the Termination of Employment may be exercised at any time
until the earlier of (A) the first anniversary of such Termination of Employment and (B)
the expiration of the Term thereof;

(iii) upon a Participant’s Termination of Employment for Cause, any Option or Share
Appreciation Right held by the Participant shall be forfeited, effective as of such
Termination of Employment;

(iv) upon a Participant’s Termination of Employment for any reason other than death,
Disability, Retirement or for Cause, any Option or Share Appreciation Right held by the
Participant that was exercisable immediately before the Termination of Employment may be
exercised at any time until the earlier of (A) the 90th day following such Termination of
Employment and (B) expiration of the Term thereof; and

(v) notwithstanding the above provisions of this Section 5(i), if a Participant dies
after such Participant’s Termination of Employment but while any Option or Share
Appreciation Right remains exercisable as set forth above, such Option or Share
Appreciation Right may be exercised at any time until the later of (A) the earlier of (1)
the first anniversary of the date of such death and (2) expiration of the Term thereof
and (B) the last date on which such Option or Share Appreciation Right would have been
exercisable, absent this Section 5(i)(v).

Notwithstanding the foregoing, the Committee shall have the power, in its discretion, to apply
different rules concerning the consequences of a Termination of Employment; provided,
however, that if such rules are less favorable to the Participant than those set forth
above, such rules are set forth in the applicable Award Agreement.

(j) Nontransferability of Options and Share Appreciation Rights. No Option or
Free-Standing SAR shall be transferable by a Participant other than (i) by will or by the
laws of descent and distribution, (ii) in the case of a Nonqualified Option or
Free-Standing SAR, pursuant to a qualified domestic relations order or as otherwise
expressly permitted by the Committee including, if so permitted, pursuant to a transfer to
the Participant’s family members or to a charitable organization, whether directly or
indirectly or by means of a trust or partnership or otherwise; or (iii) with the prior
consent and subject to any conditions the Committee may impose. For purposes of this Plan,
unless otherwise determined by the Committee, “family member” shall have the meaning given
to such term in General Instructions A.1(a)(5) to Form S-8 under the Securities Act of
1933, as amended, and any successor thereto. A Tandem SAR shall be transferable only with
the related Option as permitted by the preceding sentence. Any Option or Share Appreciation
Right shall be exercisable, subject to the terms of this Plan, only by the applicable
Participant, the guardian or legal representative of such Participant, or any person to
whom such Option or Share Appreciation Right is permissibly transferred pursuant to this
Section 5(j), it being understood that the term “Participant” includes such guardian, legal
representative and other transferee;
provided, however, that the term
“Termination of Employment” shall continue
to refer to the Termination of Employment
of the original Participant.

 

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SECTION 6. Restricted Shares

(a) Nature of Awards and Certificates. Restricted Shares are actual Shares issued to a
Participant, and shall be evidenced in such manner as the Committee may deem appropriate,
including book-entry registration or issuance of one or more share certificates. Any
certificate issued in respect of Restricted Shares shall be registered in the name of the
applicable Participant and shall bear an appropriate legend referring to the terms,
conditions, and restrictions applicable to such Award, substantially in the following form:

“The transferability of this certificate and the ordinary shares represented hereby are
subject to the terms and conditions (including forfeiture) of the eLong, Inc. 2009 Share
and Annual Incentive Plan and an award agreement. Copies of such plan and agreement are on
file at the offices of eLong, Inc.”

The Committee may require that the certificates evidencing such Shares be held in custody by
the Company until the restrictions thereon shall have lapsed and that, as a condition of any Award
of Restricted Shares, the applicable Participant shall have delivered a stock power, endorsed in
blank, relating to the Ordinary Shares covered by such Award.

(b) Terms and Conditions. Restricted Shares shall be subject to the following terms
and conditions:

(i) The Committee may condition the grant or vesting of an Award upon the attainment
of Performance Goals. The Committee may also condition the grant or vesting thereof upon
the continued service of the Participant. The conditions for grant or vesting and the
other provisions of Restricted Share Awards (including without limitation any applicable
Performance Goals) need not be the same with respect to each Participant. The Committee
may at any time, in its sole discretion, accelerate or waive, in whole or in part, any of
the foregoing restrictions.

(ii) Subject to the provisions of the Plan and the applicable Award Agreement,
during the period, if any, set by the Committee, commencing with the date of such
Restricted Share Award for which such Participant’s continued service is required (the
“Restriction Period”), and until the later of (A) the expiration of the
Restriction Period and (B) the date the applicable Performance Goals (if any) are
satisfied, the Participant shall not be permitted to sell, assign, transfer, pledge or
otherwise encumber Restricted Shares.

 

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(iii) Except as provided in this Section 6 and in the applicable Award Agreement,
the applicable Participant shall have, with respect to the Restricted Shares, all of the
rights of a stockholder of the Company holding the class or series of Shares that is the
subject of the Restricted
Shares, including, if applicable, the right to vote the Shares and the right to
receive any cash dividends. If so determined by the Committee in the applicable Award
Agreement and subject to Section 13(e), (A) cash dividends on the class or series of
Shares that is the subject of the Restricted Share Award shall be automatically deferred
and reinvested in additional Restricted Shares, held subject to the vesting of the
underlying Restricted Shares, and (B) subject to any adjustment pursuant to Section 3(d),
dividends payable in Ordinary Shares shall be paid in the form of Restricted Shares of
the same class as the Ordinary Shares with which such dividend was paid, held subject to
the vesting of the underlying Restricted Shares.

(iv) Except as otherwise set forth in the applicable Award Agreement, upon a
Participant’s Termination of Employment for any reason during the Restriction Period or
before the applicable Performance Goals are satisfied, all Restricted Shares still
subject to restriction shall be forfeited by such Participant; provided,
however, that the Committee shall have the discretion to waive, in whole or in
part, any or all remaining restrictions with respect to any or all of such Participant’s
Shares.

(v) If and when any applicable Performance Goals are satisfied and the Restriction
Period expires without a prior forfeiture of the Restricted Shares for which legended
certificates have been issued, unlegended certificates for such Shares shall be delivered
to the Participant upon surrender of the legended certificates.

SECTION 7. Restricted Share Units

(a) Nature of Award. Restricted Share Units are Awards denominated in Ordinary Shares
that will be settled, subject to applicable law and the terms and conditions of the
Restricted Share Units, either by delivery of Shares to the Participant or by the payment
of cash based upon the Fair Market Value of a specified number of Ordinary Shares.

(b) Terms and Conditions. Restricted Share Units shall be subject to the following
terms and conditions:

(i) The Committee may condition the grant or vesting of Restricted Share Units upon
the attainment of Performance Goals. The Committee may also condition the vesting thereof
upon the continued service of the Participant. The conditions for grant or vesting and
the other provisions of Restricted Share Units (including without limitation any
applicable Performance Goals) need not be the same with respect to each recipient. The
Committee may at any time, in its sole discretion, accelerate or waive, in whole or in
part, any of the foregoing restrictions. Except as otherwise provided in Section 7(b)(iv)
or in the applicable
Award Agreement, an Award of Restricted Share Units shall be settled if and when the
Restricted Share Units vest.

 

- 12 -

 

(ii) Subject to the provisions of the Plan and the applicable Award Agreement,
during the period, if any, set by the Committee, commencing with the date of such
Restricted Share Units Award for which such Participant’s continued service is required
(the “Restriction Period”), and until the later of (A) the expiration of the
Restriction Period and (B) the date the applicable Performance Goals (if any) are
satisfied, the Participant shall not be permitted to sell, assign, transfer, pledge or
otherwise encumber Restricted Share Units.

(iii) The Award Agreement for Restricted Share Units shall specify whether, to what
extent and on what terms and conditions the applicable Participant shall be entitled to
receive current or deferred payments of cash, Ordinary Shares or other property
corresponding to the dividends payable on the Ordinary Shares (subject to Section 13(e)
below).

(iv) Except as otherwise set forth in the applicable Award Agreement, upon a
Participant’s Termination of Employment for any reason during the Restriction Period or
before the applicable Performance Goals are satisfied, all Restricted Share Units still
subject to restriction shall be forfeited by such Participant; provided,
however, that the Committee shall have the discretion to waive, in whole or in
part, any or all remaining restrictions with respect to any or all of such Participant’s
Restricted Share Units; provided, further, however, that in the
event of such waiver, if any of such Restricted Share Units of a United States taxpayer
constitute a “nonqualified deferred compensation plan” within the meaning of Section 409A
of the Code, unless otherwise provided in an award agreement and in a manner that is
compliant with Section 409A of the Code, settlement of such Restricted Share Units shall
not occur until the earliest of (A) the date such Restricted Share Units would otherwise
be settled pursuant to the terms of the Award Agreement or (B) the Participant’s
“separation of service” within the meaning of Section 409A of the Code.

SECTION 8. Other Share-Based Awards

Other Awards of Ordinary Shares and other Awards that are valued in whole or in part by
reference to, or are otherwise based upon or settled in, Ordinary Shares, including (without
limitation), unrestricted shares, performance units, dividend equivalents, and convertible
debentures, may be granted under the Plan.

 

- 13 -

 

SECTION 9. Bonus Awards

(a) Determination of Awards. The Committee shall determine the total amount of Bonus
Awards for each Plan Year or such shorter performance period as the Committee may establish
in its sole discretion. Prior to the beginning of the Plan Year or such shorter performance
period as the Committee may establish in its sole discretion, the Committee shall establish
Performance Goals for Bonus Awards for the Plan Year or such shorter period.

(b) Payment of Awards. Bonus Awards under the Plan shall be paid in cash or in
Ordinary Shares (valued at Fair Market Value as of the date of payment) as determined by
the Committee, as soon as practicable following the close of the Plan Year or such shorter
performance period as the Committee may establish. The Bonus Award for any Plan Year or
such shorter performance period to any Participant may be reduced or eliminated by the
Committee in its discretion.

SECTION 10. Change In Control Provisions

(a) Impact of Event/Single Trigger. Unless otherwise provided in the applicable Award
Agreement, subject Sections 3(d), 3(e), 10(e) and 13(k), notwithstanding any other
provision of the Plan to the contrary, immediately upon the occurrence of a Change in
Control, with respect to Awards held by officers of the Company (and not the Company’s
Subsidiaries) with a title of Vice President or above as of immediately prior to the Change
in Control, and with respect to all other Participants solely to the extent provided in the
applicable Award Agreement

(i) any Options and Share Appreciation Rights outstanding which are not then
exercisable and vested shall become fully exercisable and vested;

(ii) the restrictions applicable to any Restricted Shares shall lapse, and such
Restricted Shares shall become free of all restrictions and become fully vested and
transferable;

(iii) all Restricted Share Units shall be considered to be earned and payable in
full, and any restrictions shall lapse and such Restricted Share Units shall be settled
as promptly as is practicable in the form set forth in the applicable Award Agreement;
provided, however, that with respect to any Restricted Share Units held
by a United States taxpayer that constitute a “nonqualified deferred compensation plan”
within the meaning of Section 409A of the Code, unless otherwise provided in an Award
Agreement and in a manner that is compliant with Section 409A of the Code, the settlement
of each such Restricted Share Unit pursuant to this Section 10(a)(iii) shall not occur
until the earliest of (A) the Change in Control if such Change in Control constitutes a
“change in the ownership of the corporation,” a “change in effective control of the
corporation” or a “change in the ownership of a substantial portion of the assets of the
corporation,” within the meaning of Section 409A(a)(2)(A)(v) of the Code, (B) the date
such Restricted Share Units
would otherwise be settled pursuant to the terms of the Award Agreement and (C) the
Participant’s “separation of service” within the meaning of Section 409A of the Code.

 

- 14 -

 

(b) Definition of Change in Control. For purposes of the Plan, a “Change in Control”
shall mean any of the following events:

(i) The acquisition by any individual entity or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Exchange Act), other than Barry Diller, Liberty Media
Corporation, Expedia, Inc. and their respective Affiliates (a “Person”) of
beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of equity
securities of the Company representing more than 50% of the voting power of the then
outstanding equity securities of the Company entitled to vote generally in the election
of directors (the “Outstanding Company Voting Securities”); provided,
however, that for purposes of this subsection (i), the following acquisitions
shall not constitute a Change of Control: (A) any acquisition by the Company, (B) any
acquisition by any employee benefit plan (or related trust) sponsored or maintained by
the Company or any corporation controlled by the Company, or (C) any acquisition by any
corporation pursuant to a transaction which complies with clauses (A), (B) and (C) of
subsection (iii); or

(ii) Announcement by any person, of the entry into (A) a “going private
transaction,” as such transaction is described in Rule 13e-3(a)(3) under the Securities
Exchange Act of 1934, of the Company, or (B) any other transaction or series of
transactions which will result in the ADSs or Ordinary Shares of the Company no longer
being listed on an Applicable Exchange; or

(iii) Consummation of a reorganization, merger or consolidation or sale or other
disposition of all or substantially all of the assets of the Company or the purchase of
assets or stock of another entity (a “Business Combination”), in each case, unless
immediately following such Business Combination, (A) all or substantially all of the
individuals and entities who were the beneficial owners of the Outstanding Company Voting
Securities immediately prior to such Business Combination will beneficially own, directly
or indirectly, more than 50% of the then outstanding combined voting power of the then
outstanding voting securities entitled to vote generally in the election of directors (or
equivalent governing body, if applicable) of the entity resulting from such Business
Combination (including, without limitation, an entity which as a result of such
transaction owns the Company or all or substantially all of the Company’s assets either
directly or through one or more subsidiaries) in substantially the same proportions as
their ownership, immediately prior to such Business Combination of the Outstanding
Company Voting

 

- 15 -

 

Securities, (B) no Person (excluding Barry Diller, Liberty Media Corporation, and their respective Affiliates, any employee
benefit plan (or related trust) of the Company or such entity resulting from such
Business Combination) will beneficially own, directly or indirectly, more than a majority
of the combined voting power of the then outstanding voting securities of such entity
except to the extent that such ownership of the Company existed prior to the Business
Combination and (C) at least a majority of the members of the board of directors (or
equivalent governing body, if applicable) of the entity resulting from such Business
Combination will have been members of the Incumbent Board at the time of the initial
agreement, or action of the Board, providing for such Business Combination; or

(iv) Approval by the shareholders of the Company of a complete liquidation or
dissolution of the Company.

(c) Impact of Event/Double Trigger. Unless otherwise provided in the applicable Award
Agreement, subject to Sections 3(d), 3(e), 10(e) and 13(k), notwithstanding any other
provision of this Plan to the contrary, upon a Participant’s Termination of Employment
during the two-year period following a Change in Control by the Company other than for
Cause or Disability or by the Participant for Good Reason (as defined below):

(i) any Options and Share Appreciation Rights outstanding as of such Termination of
Employment which were outstanding as of the date of such Change in Control (including any
Options and Share Appreciation Rights that became vested pursuant to Section 10(a)) shall
be fully exercisable and vested and shall remain exercisable until the later of (i) the
last date on which such Option or Share Appreciation Right would be exercisable in the
absence of this Section 10(c) and (ii) the earlier of (A) the first anniversary of such
Change in Control and (B) expiration of the Term of such Option or Share Appreciation
Right;

(ii) the restrictions applicable to any Restricted Shares shall lapse, and such
Restricted Shares outstanding as of such Termination of Employment which were outstanding
as of the date of such Change in Control shall become free of all restrictions and become
fully vested and transferable; and

(iii) all Restricted Share Units outstanding as of such Termination of Employment
which were outstanding as of the date of such Change in Control shall be considered to be
earned and payable in full, and any restrictions shall lapse and such Restricted Share
Units shall be settled as promptly as is practicable in (subject to Section 3(d)) the
form set forth in the applicable Award Agreement.

 

- 16 -

 

(d) For purposes of this Section 10, “Good Reason” means (i) “Good Reason” as defined
in any Individual Agreement or Award Agreement to which the applicable Participant is a
party, or (ii) if there is no such Individual Agreement or if it does not define Good
Reason,
without the Participant’s prior written consent: (A) a material reduction in the
Participant’s rate of annual base salary from the rate of annual base salary in effect for
such Participant immediately prior to the Change in Control, (B) a relocation of the
Participant’s principal place of business more than 35 miles from the city in which such
Participant’s principal place of business was located immediately prior to the Change in
Control or (C) a material and demonstrable adverse change in the nature and scope of the
Participant’s duties from those in effect immediately prior to the Change in Control. In
order to invoke a Termination of Employment for Good Reason, a Participant shall provide
written notice to the Company of the existence of one or more of the conditions described
in clauses (A) through (C) within 90 days following the Participant’s knowledge of the
initial existence of such condition or conditions, and the Company shall have 30 days
following receipt of such written notice (the “Cure Period”) during which it may remedy the
condition. In the event that the Company fails to remedy the condition constituting Good
Reason during the Cure Period, the Participant must terminate employment, if at all, within
90 days following the Cure Period in order for such Termination of Employment to constitute
a Termination of Employment for Good Reason.

(e) Notwithstanding the foregoing, if any Award is subject to Section 409A of the
Code, this Section 10 shall be applicable only to the extent specifically provided in the
Award Agreement or in the Individual Agreement and as permitted pursuant to Section 13(k).

SECTION 11. Term, Amendment and Termination

(a) Effectiveness. The Plan shall be effective as of the date (the “Effective
Date”) it is adopted by the Board.

(b) Termination. The Plan will terminate on the tenth anniversary of the Effective
Date. Awards outstanding as of such date shall not be affected or impaired by the
termination of the Plan.

(c) Amendment of Plan. The Board may amend, alter, or discontinue the Plan, but no
amendment, alteration or discontinuation shall be made which would materially impair the
rights of the Participant with respect to a previously granted Award without such
Participant’s consent, except such an amendment made to comply with applicable law
(including without limitation Section 409A of the Code), stock exchange rules or accounting
rules. In addition, no such amendment shall be made without the approval of Board or the
Company’s shareholders to the extent such approval is required by applicable law or the
listing standards of the Applicable Exchange, and is not waivable under such law or listing
standards.

(d) Amendment of Awards. Subject to Section 5(d), the Committee may unilaterally amend
the terms of any Award theretofore granted, prospectively or retroactively, but no such
amendment shall, without the Participant’s consent, materially impair the rights of any
Participant with respect to an Award, except such an amendment made to cause the Plan or
Award to comply with applicable law, stock exchange rules or accounting rules.

 

- 17 -

 

SECTION 12. Unfunded Status of Plan

It is presently intended that the Plan
constitute an “unfunded” plan for incentive
and deferred compensation. Subject to any
applicable requirements of Section 409A,
the Committee may authorize
the creation of trusts or other
arrangements to meet the obligations
created under the Plan to deliver Ordinary
Shares or make payments; provided, however,
that the existence of such trusts or other
arrangements is consistent with the
“unfunded” status of the Plan.
Notwithstanding any other provision of this
Plan to the contrary, with respect to any
Award that constitutes a “nonqualified
deferred compensation plan” within the
meaning of Section 409A of the Code, no
trust shall be funded with respect to any
such Award if such funding would result in
taxable income to the Participant by reason
of Section 409A(b) of the Code and in no
event shall any such trust assets at any
time be located or transferred outside of
the United States, within the meaning of
Section 409A(b) of the Code.

SECTION 13. General Provisions

(a) Conditions for Issuance. The Committee may require each person purchasing or
receiving Shares pursuant to an Award to represent to and agree with the Company in writing
that such person is acquiring the Shares without a view to the distribution thereof. The
certificates for such Shares may include any legend which the Committee deems appropriate
to reflect any restrictions on transfer. Notwithstanding any other provision of the Plan or
agreements made pursuant thereto, the Company shall not be required to issue or deliver any
certificate or certificates for Shares under the Plan prior to fulfillment of all of the
following conditions: (i) listing or approval for listing upon notice of issuance, of such
Shares on the Applicable Exchange; (ii) any registration or other qualification of such
Shares of the Company under any state, federal or foreign law or regulation, or the
maintaining in effect of any such registration or other qualification which the Committee
shall, in its absolute discretion upon the advice of counsel, deem necessary or advisable;
and (iii) obtaining any other consent, approval, or permit from any state, federal or
foreign governmental agency which the Committee shall, in its absolute discretion after
receiving the advice of counsel, determine to be necessary or advisable.

(b) Additional Compensation Arrangements. Nothing contained in the Plan shall prevent
the Company or any Affiliate from adopting other or additional compensation arrangements
for its employees.

(c) No Contract of Employment. The Plan shall not constitute a contract of employment,
and adoption of the Plan shall not confer upon any employee any right to employment, nor
shall it interfere in any way with the right of the Company or any Affiliate to terminate
the employment of any employee pursuant to applicable law and the terms of any employment
contract entered into by the Company or Affiliate and the employee.

(d) Required Taxes. No later than the date as of which an amount first becomes
includible in the gross income of a Participant for People’s Republic of China ( “PRC”)
federal, state, local or other foreign income or employment or other tax purposes with
respect to any Award under the Plan, such Participant shall pay to the Company, or make
arrangements satisfactory to the Company regarding the payment of, any PRC, federal, state,
local or other foreign taxes of any kind required by law to be withheld with respect to
such amount. If determined by the Company, withholding obligations may be settled with
Ordinary Shares, including Ordinary Shares that are part of the Award that gives rise to
the withholding requirement. The obligations of the Company under the Plan and any Award
Agreement shall be conditional on such payment or arrangements, and the Company and its
Affiliates shall, to the
extent permitted by law, have the right to deduct any such taxes from any salary,
compensation or other payment otherwise due to such Participant. The Committee may
establish such procedures as it deems appropriate, including making irrevocable elections,
for the settlement of withholding obligations with Ordinary Shares.

 

- 18 -

 

(e) Limitation on Dividend Reinvestment and Dividend Equivalents. Reinvestment of
dividends in additional Restricted Shares at the time of any dividend payment, and the
payment of Shares with respect to dividends to Participants holding Awards of Restricted
Share Units, shall only be permissible if sufficient Shares are available under Section 3
for such reinvestment or payment (taking into account then outstanding Awards). In the
event that sufficient Shares are not available for such reinvestment or payment, such
reinvestment or payment shall be made in the form of a grant of Restricted Share Units
equal in number to the Shares that would have been obtained by such payment or
reinvestment, the terms of which Restricted Share Units shall provide for settlement in
cash and for dividend equivalent reinvestment in further Restricted Share Units on the
terms contemplated by this Section 13(e).

(f) Designation of Death Beneficiary. The Committee shall establish such procedures as
it deems appropriate for a Participant to designate a beneficiary to whom any amounts
payable in the event of such Participant’s death are to be paid or by whom any rights of
such eligible Individual, after such Participant’s death, may be exercised.

(g) Affiliate Employees. In the case of a grant of an Award to any employee of an
Affiliate of the Company, the Company may, if the Committee so directs, pursuant to
applicable law, issue or transfer the Shares, if any, covered by the Award to the
Affiliate, for such lawful consideration as the Committee may specify, upon the condition
or understanding that the Affiliate will transfer the Shares to the employee in accordance
with the terms of the Award specified by the Committee pursuant to the provisions of the
Plan. All Shares underlying Awards that are forfeited or canceled should revert to the
Company.

(h) Governing Law and Interpretation. The Plan and all Awards made and actions taken
thereunder shall be governed by and construed in accordance with the laws of the State of
New York, without reference to principles of conflict of laws. The captions of this Plan
are not part of the provisions hereof and shall have no force or effect.

(i) Non-Transferability. Except as otherwise provided in Section 5(j) or by the
Committee, Awards under the Plan are not transferable except by will or by laws of descent
and distribution.

(j) Foreign Employees and Foreign Law Considerations. The Committee may grant Awards
to Eligible Individuals who are foreign nationals, who are located outside the United
States, or who are otherwise subject to legal or regulatory provisions of countries or
jurisdictions outside the United States, on such terms and conditions different from those
specified in the Plan as may, in the judgment of the Committee, be necessary or desirable
to foster and promote achievement of the purposes of the Plan, and, in furtherance of such
purposes, the Committee may make such modifications, amendments, procedures as may be
necessary or advisable to comply with such legal or regulatory provisions.

 

- 19 -

 

(k) Section 409A of the Code. It is the intention of the Company that no Award to a
United States taxpayer shall be “deferred compensation” subject to Section 409A of the
Code, unless and to the extent that the Committee specifically determines otherwise as
provided in this Section 13(k), and the Plan and the terms and conditions of all Awards to
United States taxpayers shall be interpreted accordingly. The terms and conditions
governing any Awards that the Committee determines will be subject to Section 409A of the
Code, including any rules for elective or mandatory deferral of the delivery of cash or
Shares pursuant thereto and any rules regarding treatment of such Awards in the event of a
Change in Control, shall be set forth in the applicable Award Agreement, and shall comply
in all respects with Section 409A of the Code. Notwithstanding any other provision of the
Plan to the contrary, with respect to any Award to a United States taxpayer that
constitutes a “nonqualified deferred compensation plan” subject to Section 409A of the
Code, any payments (whether in cash, Shares or other property) to be made with respect to
the Award upon the Participant’s Termination of Employment shall be delayed until the
earlier of (A) the first day of the seventh month following the Participant’s Termination
of Employment if the Participant is a “specified employee” within the meaning of Section
409A of the Code and (B) the Participant’s death.

 

- 20 -Exhibit 4.21

Exhibit 4.21

Technology (Software Copyright) Transfer Agreement

[Note: Translation from original agreement written in Chinese]

This agreement is entered into in Beijing as of January 1, 2010 between the following parties:

	 	 	 
	Transferee (Party A):

	 	Beijing eLong Air Services Co., Ltd.
	 
	 	 
	Address:

	 	10 Jiuxianqiao Road, Chaoyang District, Beijing
	 
	 	 
	Transferor (Party B):

	 	eLongNet Information Technologies (Beijing) Co., Ltd.
	 
	 	 
	Address:

	 	Xingke Plaza, 10 Jiuxianqiao Road, Chaoyang District, Beijing

Whereas:

Party B is the copyright owner of the NFD Air Fare Automatic Maintenance Program 1.0
(hereinafter the “NFD Program”), Software Copyright Certificate Number: 0207630, Registration Number:
2010SR019357. Party B wishes to transfer the software copyright to the NFD Program to Party A for the
consideration stipulated in this agreement. Party A and Party B through friendly negotiations hereby agree to enter into and abide by the following
agreement:

	I.	 	General Description of the NFD Program

	1.	 	Introduction to the NFD Program:

Party A is a company registered and legally existing under the laws of People’s Republic of
China (hereinafter “PRC”), and is licensed to engage in online air tickets booking business; The
NFD Program developed by Party B has a user-friendly interface, and more importantly, it allows the
air ticket agents to locate the applicable airlines and prices more accurately and efficiently.
Party B shall transfer the Software to Party A pursuant to the terms and conditions set out in this
Agreement.

Airline, flight number and price information change constantly every day. The ability to
rapidly update the database to reflect the most recent information is a key to success in the air
ticket booking business. The NFD Program developed by Party B has many advantages in this aspect.
The program designer carefully analyzed the needs of the users, and sets out four unique function
modules that enable the users to make real-time inquiry, display and sales. The application of NFD
Program will considerably increase Party A’s market compatibility.

	2.	 	Functional Module.

	 	A.	 	Preparation Module: the NFD Program adds an “automatic import” function in addition
to the traditional “manual update” and “system automatic update” functions. The
“automatic
import” function, if selected, enables the system to store the data into a separate file.
The users may review, verify or further filter the data.

 

 

 

	 	B.	 	Import Rule Module: the NFD Program includes many fields in the database, such as:
ticket issuing city, airlines, children discount, issue rules, refund and transfer, etc.
Therefore, the database may be searched based on a wide variety of key words.

	 	C.	 	Data Update Rule Module: when new data is received, the NFD Program compares it to
the information received previously. Each line of the new data is processed according to
the results of the comparison.

	 	D.	 	Inspection Module: This Module includes multiple sub-modules, such as PAT: A ticket
issuance inspection, Online order generating interface, Ticket issuance list, etc. Ticket
issuance can be more accurate and efficient with these sub-modules. In addition, some
sub-modules, such as online notice, domestic Air Fare discount verification, provide
important supportive functions to ticket issuance process.

	3.	 	Creativity in the Functionality of the NFD Program

	 	A.	 	In the Preparation Module, the NFD Program added an “automatic import” function
where the users may further filter the search result.

	 	B.	 	In the Preparation Module, the NFD Program added “automatic import” function when
the users search by “domestic airfare”, “document numbers”, or “airline information”, and
enables users to filter search results.

	 	C.	 	Import Rule Module: The NFD Program Optimized the import rules to avoid repetition
in data processing.

	 	D.	 	Data Update Rule Module: The NFD Program added several new fields in the database
which enable the air tickets agents to provide unique information for customers, and to
meet the needs of a wider variety of customers.

	 	E.	 	Inspection Module: When one or more variables are modified in an inquiry, the NFD
Program ran a PAT command automatically. An order is generated only when the PAT command
returns the result showing that the price has not been changed due to the change of the
variables.

	 	F.	 	In PAT: A ticket issuance rule, when the users clicks the “ticket issuance
inspection” button, the Program run an inspection using fictitious customer information
to find out whether the ticket can be issued successfully.

	II.	 	The software copyright to NFD Air Fare Automatic Maintenance Program 1.0 (registration No.:
2010SR019375) is transferred from Party B to Party A upon the execution of this Agreement.

	III.	 	Delivery:

	1.	 	Time of Delivery: within 3 business days after this Agreement is executed.

	2.	 	Location of Delivery: Beijing (exact location to be designated by Party A)

	3.	 	Form of Delivery: Party B shall deliver the Software Copyright Certificate, all the source
code and operation manual to Party A. The source code and operation manual shall be delivered
in form of word documents stored on compact disks. In addition, Party B shall provide free
training to the employees of Party A.

 

 

 

	IV.	 	Limitations:

	1.	 	Limitation on Scope of usage: None.

	2.	 	Limitation on application methods: None.

	3.	 	Time limitation: None

	V.	 	Confidentiality:

Party A:

	1.	 	Confidential information includes: source code of the NFD Program delivered by Party B.

	2.	 	People with duty of non-disclosure: employees working on the project described in the
agreement.

	3.	 	Term of confidentiality: one year.

	4.	 	Liability for breach: liable for the direct losses incurred to Party B

Party B:

	1.	 	Confidential information includes: information received from Party A in the process of
performing this agreement.

	2.	 	People with duty of non-disclosure: departments working on the project described in the
agreement.

	3.	 	Term of confidentiality: one year.

	4.	 	Liability for breach: liable for the direct losses incurred to Party A.

	VI.	 	Party B shall inform Party A in the event that Party B files a patent application or
discloses the key information related to the NFD Program under any other circumstances.

	VII.	 	Party B shall provide Party A with the following technical services regarding the use of the
NFD Program:

	1.	 	To assist Party A to set up appropriate production environment, lay out project plans,
conduct system tests and solve any technical problems Party A may encounter in the process of
using the NFD Program.

	2.	 	To provide 24/7 telephone and email technical support and on-site service when necessary.

	VIII.	 	Fees:

	1.	 	Transfer Fee: RMB3,000,000

	2.	 	The entire amount shall become due 15 business days after the execution of this Agreement.
The payment shall be made via wire transfer to the designated bank account of Party B. Party B
shall
issue an official invoice for the amount paid by Party A.

 

 

 

	IX.	 	Quality Inspection Standards:

	1.	 	The software shall pass all the tests laid out in the inspection plan.

	2.	 	There is no major error for 10 consecutive days after the system is launched in real working
environment.

	X.	 	The parties agree that neither party shall limit the competition and technology development
of the other party.

	XI.	 	After-Transfer technology development to the NFD Program:

	1.	 	
Party A has the right to further develop or to modify the NFD Program and become the
copyright owner of the additions or modifications it has made.

	2.	 	If Party B makes additional improvements to the copyrighted software, such
improvements or innovations shall belong to Party A, and Party B shall have a license for the use thereof.

	XII.	 	Liability for Breach of the Contract

	1.	 	
The breaching party shall be liable to the non-breaching
party for the actual damages incurred. In addition, the non-breaching party may terminate the agreement if the breaching
party fails to take remedial measures within 10 days after the breach has occurred or to
compensate the losses of the non-breaching party within a reasonable period of time.

	XIII.	 	The Agreement may be terminated upon the occurrence of force majeure.

	XIV.	 	Any dispute, conflict or claim arising from the Agreement or relating with the Agreement should be submitted to the
district court in the jurisdiction where Party A resides.

	XV.	 	Definitions and Terminologies:
None.

	XVI.	 	The Agreement is made in triplicate, two copies held by Party A and one by Party B. Each original copy shall have the
same legal effect.

	XVII.	 	The Agreement becomes effective upon the execution of the parties.

In witness whereof the parties hereto have caused this Agreement to be duly executed on their
behalf by a duly authorized representative as of the Effective Date first written above.

	 	 	 	 	 
	Party A: Beijing eLong Air Services Co., Ltd.	 	 
	Legal Representative/Authorized
Representative:

	 	/s/ [Seal of Guangfu Cui]
 

	 	 

	 	 	 	 	 
	Official Seal:

	 	/s/ [Seal of Beijing eLong Air Services Co., Ltd.]
 

	 	 

	 	 	 	 	 
	Party B: eLongNet Information Technology (Beijing) Co., Ltd.	 	 
	Legal Representative/Authorized Representative:

	 	/s/ [Seal of Guangfu Cui]
 

	 	 

	 	 	 	 	 
	Official Seal:

	 	/s/ [Seal of eLongNet Information Technology (Beijing) Co., Ltd.]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}]]