Document:

Exhibit 4.51

 

EXECUTION COPY

 

Framework Agreement for Treatment of Qunar Employee Shares and Equity Awards

 

In order to continue to incentivize employees of Qunar Cayman Islands Limited (“Qunar”) to continue to perform their duties diligently and align their interests with those of Qunar’s shareholders, Qunar and Ctrip.com International, Ltd. (“Ctrip”) hereby agree, for good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, as follows:

 

1.                                      Subject to compliance with applicable U.S. securities rules and regulations, the relevant company’s insider trading policy and approvals of this agreement by the board of directors of each of Qunar and Ctrip and the approval of the relevant grants by the compensation committee of Qunar, (i) all the outstanding ordinary shares or American depositary shares (“ADSs”) of Qunar which are beneficially owned by current employees of Qunar as of the date of this agreement, (ii) all outstanding awards under Qunar’s Amended and Restated 2007 Share Plan (the “2007 Plan”) as of the date of this agreement and awards Qunar has committed to grant to employees in writing under the 2007 Plan in future periods as of the date of this agreement, when vested and exercised, and (iii) all awards to be granted under a new share incentive plan to be adopted by Qunar (the “2015 Plan”), when vested and exercised(subsections (i), (ii) and (iii) collectively, the “Covered Equities”), shall be convertible to Ctrip ADSs at a ratio of 1 Qunar ADS to 0.725 Ctrip ADS (the “Share Exchange”), which is the same ratio used in the October 2015 share exchange between Ctrip and Qunar’s shareholder Baidu, Inc., subject to adjustment for any stock split, stock dividend, change in the ratio of ordinary shares to ADSs (including the ADS ratio change, effective from December 1, 2015, whereby eight Ctrip ADSs (instead of four Ctrip ADSs) will represent one Ctrip ordinary share), or similar event affecting Qunar or Ctrip ordinary shares or ADSs, in which event the holders of the Covered Equities shall be treated no worse than any holder of Ctrip’s outstanding ordinary shares or ADSs (the “Conversion Ratio”).

 

The grant amounts, vesting schedules, and applicable conditions for the grantees shall be agreed in writing between Ctrip and Qunar, and the relevant details for certain senior employees of Qunar (each, an “Executive”) shall be separately provided for in an executive awards treatment agreement (the “Executive Awards Treatment Agreement”) among each Executive, Ctrip and Qunar.

 

2.                                      Qunar shall be entitled to grant to employees share incentives in the form of options with an exercise price of US$0.01 per ordinary share from an additional pool with the total number of shares issuable underlying the options being equivalent to 3,492,162 Qunar ADSs, which is equivalent to 2.65% of Qunar’s total outstanding shares as of September 30, 2015. Awards from such additional pool (the “Additional Qunar Pool”) shall be granted under the 2015 Plan, subject to approval by Qunar’s board of directors (the “Qunar Board”). For the avoidance of any doubt, all awards authorized for grant under the 2015 Plan as of the date of this agreement will be granted to the current employees (including those that are promoted during the fourth quarter of 2015) of Qunar as of the date of this agreement, unless such awards are terminated or forfeited after grant in which case the underlying shares may be used for award grants to future employees hired after the date of this agreement. The total number of shares underlying the awards issuable under the 2015 Plan shall be 28,476,795.

 

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The principal terms of awards to be granted pursuant to this agreement such as the aggregate total amount of grants and the timing of the grants shall be subject to approval by the Qunar Board, except as otherwise provided hereunder or under an Executive Awards Treatment Agreement. The list of grantees, the specific amount of awards and vesting conditions for each grantee shall be submitted for confirmation after the funding date as mutually agreed by Qunar and Ctrip (the “Funding Date”) to a panel comprised of the persons agreed by Qunar and Ctrip (the “Presiding Panel”) before any Ctrip ADSs are delivered to employees, except award grants to specific individuals provided for under an Executive Awards Treatment Agreement shall not be subject to such process.

 

Starting from the end of the sale period as mutually agreed by Qunar and Ctrip (the “Sale Period”), holders of Covered Equities shall not be permitted to sell any Covered Equities until they are converted into Ctrip ADSs. The award agreements for the new awards to be granted pursuant to this agreement and the amended award agreements for the outstanding awards under the 2007 Plan for the relevant Covered Equities (each, an “Award Agreement”) shall provide that such awards shall be settled in or immediately converted to Ctrip ADSs upon due conversion (at the Conversion Ratio).

 

3.                                      (a)                                 For ease of administration, the Share Exchanges shall take place though three special purpose vehicles mutually agreed by Qunar and Ctrip (the “SPVs”), which shall be administrated by the respective panels consisting of the persons mutually agreed by Ctrip and Qunar. The panels shall, with advice from legal counsel, design procedures pursuant to which the Ctrip ADSs are transferred to the relevant grantees who hold Covered Equities. Subject to compliance with applicable U.S. securities rules and regulations and Qunar’s insider trading policy, the SPVs shall deliver the corresponding number of Ctrip ADSs based on the Conversion Ratio upon the relevant grantee’s surrender of Qunar’s ordinary shares or ADSs to an entity designated by Ctrip.

 

Unless otherwise agreed to by Qunar and Ctrip, prior to the Funding Date, Ctrip shall cause, and Qunar shall facilitate, the filing and effectiveness of a registration statement on Form F-3 (or any equivalent registration statement under the U.S. Securities Act of 1933, as amended (the “Securities Act”)) for the purpose of registering Ctrip ordinary shares underlying Ctrip ADSs (the “Registration Statement”) in an amount to be confirmed in writing between the parties prior to the Funding Date and to be issued under this Section 3 (based on the Conversion Ratio).

 

(b)                                 Ctrip and Qunar shall, and shall procure the SPVs to, take all actions necessary to effect the deposit of Ctrip ordinary shares with Ctrip’s ADS depositary bank such that the SPVs will receive unrestricted Ctrip ADSs on the Funding Date.

 

Qunar shall pay all fees charged by the ADS depositary bank and expenses incurred in relation to the deposit of all Ctrip ordinary shares and conversion of the Ctrip ADSs hereunder.

 

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Qunar and Ctrip shall cooperate to facilitate the detailed administrative process for the operation of Share Exchanges through SPVs after the signing of this agreement.

 

4.                                      Upon the execution of the relevant Award Agreement, each of all other Qunar employees who is not an Executive as of the date of this agreement shall be granted, subject to such person’s compliance with his/her employment agreement and/or labor service contract with Qunar in all material aspects, (i) certain number of new awards from the Additional Qunar Pool, which shall be fully vested upon the date of grant (the “New Vested Employee Awards”) under the Award Agreement, and (ii) certain number of new awards from the Additional Qunar Pool, which shall vest on a quarterly basis on the same vesting schedule as such employee’s outstanding awards under the 2007 Plan as of the date of this agreement. Such numbers shall be mutually agreed by Ctrip and Qunar.

 

The amount of awards equivalent to the New Vested Employee Awards, or the equivalent cash amount if such awards have been exercised, shall be withheld and deposited with an account held by the relevant SPV mutually agreed by Ctrip and Qunar under escrow and shall be released to the employee immediately after the conditions mutually agreed in writing by Qunar and Ctrip, including non-competition covenants, have been satisfied. Any dispute regarding compliance with the conditions provided in the preceding sentence shall be resolved by a majority vote of the Presiding Panel.

 

5.                                      Ctrip and Qunar shall mutually agree how to treat the then outstanding Covered Equities in the event of a change in control transaction of Qunar or Ctrip.

 

6.                                      Certain employees of Qunar shall agree to abide by certain non-competition covenants to be agreed by the parties in writing and the Executives shall agree to abide by non-competition and other covenants during a compliance period to be agreed by the parties in writing.

 

7.                                      For the avoidance of doubt, all Ctrip ordinary shares or ADSs referred to herein shall be registered by Ctrip under the Securities Act, or offered by Ctrip pursuant to a valid exemption from the registration requirements of the Securities Act. Both Qunar and Ctrip shall take any necessary actions in order to enable the issuance, grant or transfer of Ctrip or Qunar ADSs as described in this agreement, free of any selling or transfer restrictions.

 

Notwithstanding anything to the contrary in this agreement, Qunar and Ctrip shall, and shall cause their respective employees, directors, consultants or advisors who are involved in the discussion of any matter hereunder or have knowledge of this agreement to keep strictly confidential this agreement and all the matters, arrangements or transactions related to this agreement.

 

8.                                      The employees of Qunar and future recipients of equity awards described in this agreement, and their successors or assigns, shall be express third parties beneficiaries of this agreement. No other party shall be permitted to rely on this agreement or is intended to be a third party beneficiary hereunder.

 

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9.                                      Upon the signing of this Agreement, the Agreement shall retroactively be effective on November 18, 2015. This Agreement and the other ancillary documents dated hereof or hereafter, together with all schedules and exhibits hereto and thereto, constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof, and supersede all other agreements between the parties with respect to the subject matters hereof and thereof except the applicable Executive Awards Treatment Agreements executed prior to the date hereof, which shall remain effective and be subject to the provision of the Agreement.

 

10.                               This agreement shall be governed by and construed under, and interpreted and enforced in accordance with, the laws of the State of New York applicable to contracts executed solely in New York and to be performed entirely within that State. This agreement constitutes the entire agreement of the parties relating to the subject matter addressed in this agreement. This agreement supersedes all prior communications, contracts, or agreements between the parties with respect to the subject matter addressed in this Agreement, whether oral or written.

 

11.                               The parties agree that to the extent permitted by law, any dispute or controversy arising out of, relating to, or in connection with this agreement, or the interpretation, validity, construction, performance, breach, or termination thereof, will be settled by arbitration to be held at a location in Hong Kong administered by the Hong Kong International Arbitration Centre (HKIAC) under the HKIAC Administered Arbitration Rules in force when the Notice of Arbitration is submitted. The decision of the arbitrator will be final, conclusive and binding on the parties to the arbitration. The tribunal will consist of three arbitrators. Each of Ctrip and Qunar shall appoint one arbitrator. The third arbitrator, who shall serve as chairperson of the arbitral tribunal, shall be selected by the mutual agreement of the first two party-appointed arbitrators. The place of arbitration will be Hong Kong. The language to be used in the arbitral proceedings will be English. Judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties have executed this agreement as of December 9, 2015.

 

	
 
    	
CTRIP.COM INTERNATIONAL   LTD.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Jie Sun
    
	
 
    	
Name: 
    	
Jie Sun
    
	
 
    	
Title: 
    	
Co-President &   COO
    
				

 

[Signature Page to Framework Agreement]

 

 

IN WITNESS WHEREOF, the parties have executed this agreement as of December 9, 2015.

 

 

	
 
    	
QUNAR CAYMAN ISLANDS   LIMITED
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Yilu Zhao
    
	
 
    	
 
    	
Name: 
    	
Yilu Zhao
    
	
 
    	
 
    	
Title: 
    	
CFO
    
					

 

[Signature Page to Framework Agreement]Exhibit 4.52

 

 

Restated

 

Exclusive Technical Consulting and

 

Services Agreement

 

 

between

 

Beijing Qu Na Information Technology Co., Ltd.

 

and

 

Beijing Qunar Software Technology Co., Ltd.

 

2016

 

 

TABLE OF CONTENTS

 

	
ARTICLE
    	
 
    	
 
    	
PAGE
    
	
 
    	
 
    	
 
    	
 
    
	
1.
    	
APPOINTMENT AND   PROVISION OF SERVICES
    	
 
    	
4
    
	
 
    	
 
    	
 
    	
 
    
	
2.
    	
INTELLECTUAL PROPERTY   RIGHTS
    	
 
    	
4
    
	
 
    	
 
    	
 
    	
 
    
	
3.
    	
SERVICE FEE AND PAYMENT
    	
 
    	
4
    
	
 
    	
 
    	
 
    	
 
    
	
4.
    	
REPRESENTATIONS AND   WARRANTIES
    	
 
    	
4
    
	
 
    	
 
    	
 
    	
 
    
	
5.
    	
CONFIDENTIALITY
    	
 
    	
5
    
	
 
    	
 
    	
 
    	
 
    
	
6.
    	
BREACH
    	
 
    	
5
    
	
 
    	
 
    	
 
    	
 
    
	
7.
    	
FORCE MAJEURE
    	
 
    	
5
    
	
 
    	
 
    	
 
    	
 
    
	
8.
    	
TERM AND EXTENSION
    	
 
    	
6
    
	
 
    	
 
    	
 
    	
 
    
	
9.
    	
TERMINATION
    	
 
    	
6
    
	
 
    	
 
    	
 
    	
 
    
	
10.
    	
MISCELLANEOUS
    	
 
    	
7
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
EXHIBIT:
    	
 
    
	
 
    	
 
    	
 
    
	
I.
    	
SCOPE OF SERVICES
    	
 
    
	
II.
    	
CALCULATION AND PAYMENT   OF THE SERVICE FEE
    	
 
    

 

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THIS RESTATED EXCLUSIVE TECHNICAL CONSLUTING AND SERVICES AGREEMENT (Agreement) is entered into on March 23, 2016 (Execution Date) in Beijing, the People’s Republic of China (PRC).

 

By and between

 

(1)                                Beijing Qu Na Information Technology Co., Ltd. (北京趣拿信息技术有限公司), a limited liability company registered in Beijing, with its registered address at Room 1709 17th Floor, Viva Plaza, Building 18, Yard 29, Suzhou Street, Haidian District Beijing, China (Party A);

 

and

 

(2)                                Beijing Qunar Software Technology Co., Ltd.(北京趣拿软件科技有限公司), a wholly foreign owned enterprise duly incorporated and validly existing under the laws of the PRC, with its registered address at Room 1701-1707, 1710-1720,17th Floor, Viva Plaza, Building 18, Yard 29, Suzhou Street, Haidian District Beijing, China (Party B).

 

Recitals

 

A.                                    Party A is a domestic company duly incorporated and validly existing under the laws of the PRC, and is an operating vehicle of the website www.qunar.com, Party A wishes to develop its technology, improve its management and increase and enhance its market position.

 

B.                                   Party B is a wholly foreign owned enterprise duly incorporated and validly existing under the laws of the PRC, which holds the resources and qualifications for technical and consulting services.  Party B is engaged in research and development relating to networks and has expertise in providing technical training and consulting services.

 

C.                                    The parties entered into an Exclusive Technical Consulting and Services Agreement (独家技术咨询和服务协议,Original Agreement) on October 27, 2006, pursuant to which Party B was willing to provide to Party A, and Party A was willing to accept exclusively from Party B, technical and consulting services.

 

D.                                    Party A and Party B have strictly complied with all stipulations under the Original Agreement. After mutual negotiation, Party A and Party B believe it in the best interest of both parties to restate the Original Agreement. Party A and Party B further acknowledge that this Agreement does not substantially change the Original Agreement, and the provisions of this Agreement reflect the intention of the parties when they executed the Original agreement.

 

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NOW, THEREFORE, the parties agree as follows:

 

1.                                      APPOINTMENT AND PROVISION OF SERVICES

 

1.1                                Scope of Services.  Party A hereby appoints Party B to provide Party A with the Services detailed in the Exhibit I (Services).

 

1.2                                Provision of Services.  The parties agree that Party B shall provide the Services to Party A on an exclusive basis, for the duration of the term of this Agreement and at standards commonly accepted in the market. For the duration of the term of this Agreement, Party A may not enter into any agreement with any third party for the provision of the Services without prior written consent from Party B.

 

2.                                      INTELLECTUAL PROPERTY RIGHTS

 

The parties agree that the intellectual property rights created by Party B in the course of performing this Agreement (including without limitation any copyrights, trademarks or logos registered or not, patents and proprietary technology), shall belong to Party B.

 

3.                                      SERVICE FEE AND PAYMENT

 

3.1                                Service Fee.  The parties agree that the Service Fee under this Agreement shall be determined according to the Exhibit II.

 

3.2                                Payment Method.  Party B shall, within the first 5 business days of each month, provide Party A with written statement of the service fee spent providing the Services during the previous month. Party A shall confirm to Party B in writing within 3 business days of receipt that the service see is correct.  If Party A fails to provide such confirmation on time, Party A shall be deemed to have confirmed Party B’s statement.  Party A shall pay the service fee to Party B’s designated account within 10 business days after confirming the service fee provided in Party B’s written statement.

 

4.                                      REPRESENTATIONS AND WARRANTIES

 

Each party represents and warrants to the other that, as of the date of signing hereof:

 

4.1                                it has full power and authority as an independent legal person to execute and deliver this Agreement and to carry out its responsibilities and obligations hereunder;

 

4.2                                its execution and performance of this Agreement will not result in a breach of any law, regulation, authorization or agreement to which it is subject.

 

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5.                                      CONFIDENTIALITY

 

5.1                                Confidentiality Obligations.  The parties shall protect and maintain the confidentiality of all information relating to or arisen from this Agreement, or made available under this Agreement to a party or any associate thereof (Confidential Information).  Without the prior written consent of the other party, no party shall disclose any Confidential Information to any third party unless the disclosure is required by laws or by enforceable orders of the court or related government departments.  Under such circumstances, the party required to disclose the Confidential Information shall notify the other party immediately, take all possible measures to minimize the disclosure, and notify the persons to whom information is being disclosed of the confidentiality obligation. Notwithstanding anything to the contrary above, Party A shall have the full right to disclose any Confidential Information to its shareholders, affiliates or professional advisors.

 

5.2                                Obligations upon Termination.  Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party.  If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices.  No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

 

5.3                                No Time Limit.  There is no time limit to the confidentiality obligations stipulated in this Article, which obligations will survive the termination of this Agreement unless the Confidential Information is disclosed to the public for reasons not due to the breach of this Agreement by any party.

 

6.                                      BREACH

 

6.1                               Written Notice. If a party breaches any of its respective representations, warranties or obligations under this Agreement, the non-breaching party may send a written notice to the breaching party demanding rectification within 10 days.

 

6.2                                Compensation.  The breaching party shall be liable to compensate the non-breaching party for any losses it has sustained as a result of the breach, including loss of profits.

 

7.                                      FORCE MAJEURE

 

7.1                                Definition.  The term Force Majeure refers to any unforeseeable (or if foreseeable, reasonably unavoidable), event beyond the reasonable control of any party which prevents the performance of this Agreement, including without limitation acts of government, acts of nature, fire, explosion, typhoon, flood, earthquake, tide, lightning and war, but excluding any shortage of credit.

 

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7.2                                Exemption.  Where either party fails to perform this Agreement in full or in part due to Force Majeure, such party shall be exempted from its responsibilities hereunder, to the extent of the Force Majeure in question and except where PRC laws provides otherwise.  For the avoidance of doubt, a party shall not be excused from performing its obligations hereunder where Force Majeure occurs following the delay by that party to perform this Agreement.

 

7.3                                Notice.  Should either party be unable to perform this Agreement as a result of Force Majeure, it shall inform the other party, as soon as possible following the occurrence of such Force Majeure, of the situation and the reason(s) for non-performance, so as to minimize any losses incurred by the other party as a consequence thereof.  Furthermore, within a reasonable time after notice of Force Majeure has been given, the party encountering Force Majeure shall provide to the other party a legal certificate issued by a public notary (or other appropriate organization) of the place wherein the Force Majeure occurred, in witness of the same.

 

7.4                                Mitigation.  The party affected by Force Majeure may suspend the performance of its obligations under this Agreement until any disruption resulting from the Force Majeure has been resolved.  However, such party shall make every effort to eliminate any obstacles resulting from the Force Majeure, thereby minimizing to the greatest extent possible the adverse effects of such, as well as any resulting losses.

 

8.                                      TERM AND EXTENSION

 

This Agreement shall enter into effect as of the date first indicated above and shall continue to be in effect until it is terminated by Party B or under Clause 9 of this Agreement. Party A shall not terminate unilaterally this Agreement.

 

9.                                      TERMINATION

 

9.1                                Early Termination.  This Agreement may be terminated early in the following situations:

 

9.1.1                                               with the mutual written consent of the parties following consultation;

 

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9.1.2                                               in case of a Force Majeure event prevailing for 30 days or longer, the parties shall discuss whether performance under this Agreement shall be partially exempted or postponed according to the degree by which such performance is affected by the Force Majeure event;

 

9.1.3                                               by Party B, in its sole discretion, with 30 days’ prior written notice to Party A at any time; or

 

9.1.4                                               in case that either of the parties can’t maintain its corporate existence.

 

9.2                                Survival of Obligations.  The expiry or early termination of this Agreement for any reason whatsoever shall not affect the payment obligations of the parties hereunder, the respective liability of the parties for damages or the confidentiality obligations of the parties.

 

10.                               MISCELLANEOUS

 

10.1                         Notices and Delivery.  All notices and communications between the parties shall be written in English or Chinese and delivered in person (including courier service), by facsimile transmission or by registered mail to the appropriate addresses set forth below:

 

Party A

 

	
Address
    	
:
    	
Room 1709 17th Floor, Viva Plaza,
   Building 18, Yard 29, Suzhou Street,
   Haidian District Beijing,China
    
	
Tel
    	
:
    	
010-5760 3000
    

 

Party B

 

	
Address
    	
:
    	
Room 1701-1707, 1710-1720, 17th Floor,
   Viva Plaza, Building 18, Yard 29, Suzhou 
   Street, Haidian District Beijing,China
    
	
Tel
    	
:
    	
010-5760   3000
    

 

10.2                         Timing.  The time of receipt of the notice or communication shall be deemed to be:

 

10.2.1                                        if in person (including courier), at the time of signing of a receipt by the receiving party or a duly authorized person at the receiving party’s address;

 

10.2.2                                        if by facsimile transmission, at the time displayed in the corresponding transmission record, unless such facsimile is sent after 5:00 p.m. or on a non-business day in the place of receipt, in which case the date of receipt shall be deemed to be the following business day; or

 

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10.2.3                                        if by registered mail, on the 10th day after the date of the receipt of the registered mail.

 

10.3                         No Waiver. Unless otherwise agreed upon by the parties in writing, any failure or delay on the part of either party to exercise any right, authority or privilege under this Agreement, or under any other agreement relating hereto, shall not operate as a waiver thereof; nor shall any single or partial exercise of any right, authority or privilege preclude any other future exercise thereof.

 

10.4                         Severability. The provisions of this Agreement are severable from each other. The invalidity of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.

 

10.5                         Successors.  This Agreement shall be valid and binding upon the parties and upon their respective successors and assigns (if any).

 

10.6                         Assignment.  Party A shall not assign its rights or obligations under this Agreement to any third party without the prior written consent of Party B. Party B may transfer its rights or obligations under this Agreement to any third party without the consent of Party A, but shall inform Party A of the above assignment.

 

10.7                         Governing Law.  The execution, validity, interpretation and implementation of this Agreement and the settlement of disputes hereunder shall be governed by PRC laws.

 

10.8                         Arbitration.

 

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

 

10.8.2                                        If the dispute cannot be resolved in the above manner within 30 days after the commencement of the consultation or mediation, either party may submit the dispute to arbitration as follows:

 

10.8.2.1                                         all disputes arising out of or in connection with this Agreement shall be submitted to the China International Economic and Trade Arbitration Commission for arbitration in accordance with the Commission’s then-current rules; and

 

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10.8.2.2                                         the arbitration shall be held in Beijing and conducted in the English language, with the arbitral award being final and binding upon the parties.

 

10.8.3                                        When any dispute is submitted to arbitration, the parties shall continue to perform their obligations under this Agreement.

 

10.9                         Entire Agreement.  This Agreement and its Exhibits shall constitute the entire agreement between the parties in respect of the subject matter hereof and shall supersede any previous discussions, negotiations and agreements, including without limitation, the Original Agreement.

 

10.10                  Amendments.  Without the prior written consent of Party B, Party A shall not amend this Agreement.  If required by the applicable laws, the parties shall obtain all the necessary approvals, authorizations, licenses, registrations and filing procedures from the relevant governmental authorities to give effect to the amendment.

 

10.11                  Language and Copies.

 

This Agreement is prepared in both English and Chinese, and both language versions have the same legal effect. This Agreement shall be executed in 2 originals, with 1 original copy for each party.

 

[The space below is intentionally left blank.]

 

9

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed by their duly authorized representatives on the date first indicated above.

 

	
Party A: Beijing Qu Na   Information Technology Co., Ltd.
    	
 
    
	
(北京趣拿信息技术有限公司)
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ Cao Hui
    	
 
    
	
Name: Cao Hui
    	
 
    
	
Title: Legal Representative
    	
 
    
	
Company Seal:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party B: Beijing Qunar   Software Technology Co., Ltd.
    	
 
    
	
(北京趣拿软件科技有限公司)
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ Wei Fang
    	
 
    
	
Name: Wei Fang
    	
 
    
	
Title: Legal Representative
    	
 
    
	
Company seal:
    	
 
    

 

Signature page to Restated Exclusive Technical Consulting and Services Agreement

 

 

Exhibit I

 

Scope of Services

 

1.                            Technical Services. Party B will provide technical services and training to Party A, taking advantage of Party B’s advanced network, website and multimedia technologies to improve Party A’s system integration.  Such technical services shall include:

 

(a)        administering, managing and maintaining Party A’s information application system and website system infrastructure;

 

(b)        providing system optimization plans and implementing optimization features;

 

(c)        assuring the security and reliability of the website application systems;

 

(d)        procuring, installing and supporting the relevant products produced by Party B, and providing training in the use of those products;

 

(e)        managing and maintaining all network and providing technologies to assure the reliability and efficiency thereof;

 

(f)        providing information technology services and assuring the reliable operation of the information infrastructure.

 

2.         Marketing and Management Consulting.  For the purposes of expanding Party A’s market share, popularizing its products and creating a efficient internal operations, Party B will provide consulting services regarding marketing and management, which shall include:

 

(a)        providing strategic co-operation proposals and recommending relevant partners to Party A, and assisting Party A to establish and develop cooperative relationships with such partners with respect to information networks;

 

(b)        providing Party A with market development strategies, including but not limited to the design and improvement of Party A’s products, services and business model as well as strategic on its market position and brand-building; and

 

(c)        training management personnel and providing management consultation services, including but not limited to regular business training for Party A’s management personnel and formulating realistic and effective solutions to existing problems in Party A’s business operations.

 

 

Exhibit II

 

Calculation and Payment of the Service Fee

 

DURING THE TERM OF THIS AGREEMENT, THE SERVICE FEE PAYABLE BY PARTY A TO PARTY B FOR SERVICES RENDERED ACCORDING TO EXHIBIT I SHALL BE A FEE IN RMB DETERMINED BY THE FOLLOWING FORMULA:

 

SERVICE FEE PAYABLE = PARTY A’S REVENUE – TURNOVER TAXES – PARTY A’S TOTAL COSTS – PROFIT TO BE RETAINED BY PARTY A;

 

Where:

 

·                                          Party A’s Revenue is revenue received by Party A from third parties in the course of its ordinary business;

 

·                                          Turnover Taxes include, but are not limited to, business tax, value-added tax, urban maintenance and construction tax and education surcharges;b

 

·                                          Party A’s Total Costs include all costs and expenses, such as costs of goods sold and operating costs incurred by Party A for carrying out the business; and

 

·                                          Profit to be retained by Party A shall be determined by a reputable certified public accountant designated by Party B.

 

During the term of this Agreement, Party B shall have the right to adjust the above Fees at its sole discretion without the consent of Party A.

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