Document:

Form of Employment Agreement

 Exhibit 10.3 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT (the “Agreement”), is entered into
as of                     , 2007 (the “Effective Date”) by and between Longtop Financial Technologies Limited, a company
incorporated and existing under the laws of the Cayman Islands (the “Company”) and                     , an individual (the
“Executive”). Except with respect to the direct employment of the Executive by the Company, the term “Company” as used herein with respect to all obligations of the Executive hereunder shall be deemed to include the
Company and all of its subsidiaries and affiliated entities (collectively, the “Group”). 
 RECITALS 
 A. The Company desires to employ the Executive as its
                     and to assure itself of the services of the Executive during the term of Employment (as defined below). 
 B. The Executive desires to be employed by the Company as its
                     during the term of Employment and upon the terms and conditions of this Agreement. 
 AGREEMENT 
 The parties hereto agree as follows:

  

	1.	POSITION 

 The Executive hereby accepts a position
of                              (the “Employment”) of the Company. 
  

	2.	TERM 

 Subject to the terms and conditions of this
Agreement, the initial term of the Employment shall be three years commencing on the Effective Date, unless terminated earlier pursuant to the terms of this Agreement. Upon expiration of the initial three-year term, the Employment shall be
automatically extended for successive one-year terms unless either party gives the other party hereto a one-month prior written notice to terminate the Employment prior to the expiration of such one-year term or unless terminated earlier pursuant to
the terms of this Agreement. 
  

	3.	PROBATION 

 No probationary period. 
  

	4.	DUTIES AND RESPONSIBILITIES 

 The Executive’s
duties at the Company will include all jobs assigned by the Company’s Board of the Directors (the “Board”) or the Company’s Chief Executive Officer, as the case may be. 
  

 1. 

 The Executive shall devote all of his or her working time, attention and skills to the performance of his
or her duties at the Company and shall faithfully and diligently serve the Company in accordance with this Agreement, the Memorandum and Articles of Association of the Company (the “Articles of Association”), and the guidelines,
policies and procedures of the Company approved from time to time by the Board. 
 The Executive shall use his or her best efforts to perform
his or her duties hereunder. The Executive shall not, without the prior written consent of the Board, become an employee of any entity other than the Company and any subsidiary or affiliate of the Company, and shall not be concerned or interested in
software development business or entity that competes with that carried on by the Company (any such business or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from holding any shares or
other securities of any Competitor that is listed on any securities exchange or recognized securities market anywhere. The Executive shall notify the Company in writing of his or her interest in such shares or securities in a timely manner and with
such details and particulars as the Company may reasonably require. 
  

	5.	NO BREACH OF CONTRACT 

 The Executive hereby
represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms
of any other agreement or policy to which the Executive is a party or otherwise bound except for agreements entered into by and between the Executive and any member of the Group pursuant to applicable law, if any; (ii) that the Executive has no
information (including, without limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated by, the Executive entering into this Agreement or carrying out his duties hereunder;
(iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement (other than this) with any other person or entity except for other member(s) of the Group, as the case may be. 
  

	6.	LOCATION 

 The Executive will be based in [Xiamen],
China. The Company reserves the right to transfer or second the Executive to any location in China or elsewhere in accordance with its operational requirements. 
  

	7.	COMPENSATION AND BENEFITS 

  

	 	(a)	Cash Compensation. The Executive’s cash compensation (including salary and bonus) shall be provided by the Company pursuant to Schedule A hereto, subject to
annual review and adjustment by the Company. 

  

	 	(b)	Equity Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible for participating in such plan pursuant to the terms
thereof as determined by the Company. 

  

 2. 

	 	(c)	Benefits. The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the
future, including, but not limited to, any retirement plan, life insurance plan, health insurance plan and travel/holiday plan. 

  

	8.	TERMINATION OF THE AGREEMENT 

  

	 	(a)	By the Company. The Company may terminate the Employment for cause, at any time, without notice or remuneration, if (1) the Executive is convicted or pleads guilty to a
felony or to an act of fraud, misappropriation or embezzlement, (2) the Executive has been negligent or acted dishonestly to the detriment of the Company, (3) the Executive has engaged in actions amounting to misconduct or failed to
perform his or her duties hereunder and such failure continues after the Executive is afforded a reasonable opportunity to cure such failure, (4) the Executive has died, or (5) the Executive has a disability which shall mean a physical or
mental impairment which, as reasonably determined by the Board, renders the Executive unable to perform the essential functions of his employment with the Company, even with reasonable accommodation that does not impose an undue hardship on the
Company, for more than 180 days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period would apply. In addition, the Company may terminate the Employment without cause, at any time, upon one
month written notice, and upon termination without cause, the Company shall provide compensation to the Executive as expressly required by applicable law of the jurisdiction where the Executive is based. 

  

	 	(b)	By the Executive. The Executive may terminate the Employment at any time with a one-month prior written notice to the Company, if (1) there is a material reduction in
the Executive’s authority, duties and responsibilities, or (2) there is a material reduction in the Executive’s annual salary before the next annual salary review. In addition, the Executive may resign prior to the expiration of the
Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board. 

  

	 	(c)	Notice of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written notice of termination from the terminating
party to the other party. The notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination. 

  

	9.	CONFIDENTIALITY AND NONDISCLOSURE 

  

	 	(a)	 Confidentiality and Non-disclosure. In the course of the Executive’s services, the Executive may have access to the Company, and/or the Company’s
client’s and/or prospective client’s trade secrets and confidential information, including but not limited to those embodied in memoranda, manuals, letters or other documents, computer disks, tapes or other information storage devices,
hardware, or other media or vehicles, pertaining to the Company, and/or the Company’s 

  

 3. 

	 	 
client’s and/or prospective client’s business. All such trade secrets and confidential information are considered confidential. All materials
containing any such trade secret and confidential information are the property of the Company and/or the Company’s client and/or prospective client, and shall be returned to the Company and/or the Company’s client and/or prospective client
upon expiration or earlier termination of this Agreement. The Executive shall not directly or indirectly disclose or use any such trade secret or confidential information, except as required in the performance of the Executive’s duties in
connection with the Employment, or pursuant to applicable law. 

  

	 	(b)	Trade Secrets. During and after the Employment, the Executive shall hold the Trade Secrets in strict confidence; the Executive shall not disclose these Trade Secrets to
anyone except other employees of the Company who have a need to know the Trade Secrets in connection with the Company’s business. The Executive shall not use the Trade Secrets other than for the benefits of the Company.

 “Trade Secrets” means information deemed confidential by the Company, treated by the Company or which the
Executive know or ought reasonably to have known to be confidential, and trade secrets, including without limitation designs, processes, pricing policies, methods, inventions, conceptions, technology, technical data, financial information, corporate
structure and know-how, relating to the business and affairs of the Company and its subsidiaries, affiliates and business associates, whether embodied in memoranda, manuals, letters or other documents, computer disks, tapes or other information
storage devices, hardware, or other media or vehicles. Trade Secrets do not include information generally known or released to public domain through no fault of the Executive. 
  

	 	(c)	Former Employer Information. The Executive agrees that he or she has not and will not, during the term of his or her employment, (i) improperly use or disclose any
proprietary information or trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty to keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of
Company any document or confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing by such former employer, person or entity. The Executive will indemnify the Company and hold it
harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation of the foregoing. 

  

	 	(d)	 Third Party Information. The Executive recognizes that the Company may have received, and in the future may receive, from third parties their confidential or
proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Executive agrees that the Executive owes the Company and such third
parties, during the Executive’s employment by the Company and thereafter, a duty to 

  

 4. 

	 	 
hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person or firm and to use it in a manner
consistent with, and for the limited purposes permitted by, the Company’s agreement with such third party. 

 This
Section 9 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 9, the Company shall have right to seek remedies permissible under applicable law. 
  

	10.	INVENTIONS 

  

	 	(a)	Inventions Retained and Licensed. The Executive has attached hereto, as Schedule B, a list describing all inventions, ideas, improvements, designs and discoveries,
whether or not patentable and whether or not reduced to practice, original works of authorship and trade secrets made or conceived by or belonging to the Executive (whether made solely by the Executive or jointly with others) that (i) were
developed by Executive prior to the Executive’s employment by the Company (collectively, “Prior Inventions”), (ii) relate to the Company’ actual or proposed business, products or research and development, and
(iii) are not assigned to the Company hereunder; or, if no such list is attached, the Executive represents that there are no such Prior Inventions. The Executive hereby acknowledges that, if in the course of his or her service for the Company,
the Executive incorporates into a Company product or process a Prior Invention owned by the Executive or in which he or she has an interest, the Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide
right and license (which may be freely transferred by the Company to any other person or entity) to make, have made, modify, use, sell, sublicense and otherwise distribute such Prior Invention as part of or in connection with such product, process
or machine. 

  

	 	(b)	Disclosure and Assignment of Inventions. The Executive understands that the Company engages in research and development and other activities in connection with its business
and that, as an essential part of the Employment, the Executive is expected to make new contributions to and create inventions of value for the Company. 

 From and after the Effective Date, the Executive shall disclose in confidence to the Company all inventions, improvements, designs, original works of authorship, formulas, processes, compositions of matter, computer
software programs, databases, mask works and trade secrets (collectively, the “Inventions”), which the Executive may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to
practice, during the period of the Executive’s Employment at the Company. The Executive acknowledges that copyrightable works prepared by the Executive within the scope of and during the period of the Executive’s Employment with the
Company are “works for hire” and that the Company will be considered the author thereof. The Executive agrees that all the Inventions shall be the sole and exclusive property of the Company and the Executive hereby assign all his or her
right, title and interest in and to any and all of the Inventions to the Company or its successor in interest without further consideration. 
  

 5. 

	 	(c)	Patent and Copyright Registration. The Executive agrees to assist the Company in every proper way to obtain for the Company and enforce patents, copyrights, mask work rights,
trade secret rights, and other legal protection for the Inventions. The Executive will execute any documents that the Company may reasonably request for use in obtaining or enforcing such patents, copyrights, mask work rights, trade secrets and
other legal protections. The Executive’s obligations under this paragraph will continue beyond the termination of the Employment with the Company, provided that the Company will reasonably compensate the Executive after such termination for
time or expenses actually spent by the Executive at the Company’s request on such assistance. The Executive appoints the Secretary of the Company as the Executive’s attorney-in-fact to execute documents on the Executive’s behalf for
this purpose. 

  

	 	(d)	Return of Confidential Materials. In the event of the Executive’s termination of employment with the Company for any reason whatsoever, Executive agrees promptly to
surrender and deliver to the Company all records, materials, equipment, drawings, documents and data of any nature pertaining to any confidential information or to his or her employment, and Executive will not retain or take with him or her any
tangible materials or electronically stored data, containing or pertaining to any confidential information that Executive may produce, acquire or obtain access to during the course of his or her employment. 

 This Section 10 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 10, the Company
shall have right to seek remedies permissible under applicable law. 
  

	11.	CONFLICTING EMPLOYMENT. 

 The Executive hereby
agrees that, during the term of his or her employment with the Company, he or she will not engage in any other employment, occupation, consulting or other business activity related to the business in which the Company is now involved or becomes
involved during the term of the Executive’s employment, nor will the Executive engage in any other activities that conflict with his or her obligations to the Company without the prior written consent of the Company. 
  

	12.	NON-COMPETITION AND NON-SOLICITATION 

 In
consideration of the salary paid to the Executive by the Company, the Executive agree that during the term of the Employment and for a period of one (1) year following the termination of the Employment for whatever reason: 
  

	 	(a)	The Executive will not approach clients, customers or contacts of the Company or other persons or entities introduced to the Executive in the Executive’s capacity as a
representative of the Company for the purposes of doing business with such persons or entities which will harm the business relationship between the Company and such persons and/or entities; 

  

 6. 

	 	(b)	unless expressly consented to by the Company, the Executive will not assume employment with or provide services as a director or otherwise for any Competitor, or engage, whether as
principal, partner, licensor or otherwise, in any Competitor; and 

  

	 	(c)	unless expressly consented to by the Company, the Executive will not seek directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to solicit
the services of any employee of the Company employed as at or after the date of such termination, or in the year preceding such termination. 

 The provisions contained in Section 12 are considered reasonable by the Executive and the Company. In the event that any such provisions should be found to be void under applicable laws but would be valid if some
part thereof was deleted or the period or area of application reduced, such provisions shall apply with such modification as may be necessary to make them valid and effective. 
 This Section 12 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 12, the
Executive acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate).
In any event, the Company shall have right to seek all remedies permissible under applicable law. 
  

	13.	WITHHOLDING TAXES 

 Notwithstanding anything else
herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable under or pursuant to this Agreement such national, provincial, local or any other income, employment, or
other taxes as may be required to be withheld pursuant to any applicable law or regulation. 
  

	14.	ASSIGNMENT 

 This Agreement is personal in its
nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or any
rights or obligations hereunder to any member of the Group without such consent, and (ii) in the event of a merger, consolidation, or transfer or sale of all or substantially all of the assets of the company with or to any other individual(s)
or entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company
hereunder. 
  

 7. 

	15.	SEVERABILITY 

 If any provision of this Agreement or
the application thereof is held invalid, the invalidity shall not affect other provisions or applications of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this Agreement are
declared to be severable. 
  

	16.	ENTIRE AGREEMENT 

 This Agreement constitutes the
entire agreement and understanding between the Executive and the Company regarding the terms of the Employment and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The Executive acknowledges that he
or she has not entered into this Agreement in reliance upon any representation, warranty or undertaking which is not set forth in this Agreement. Any amendment to this Agreement must be in writing and signed by the Executive and the Company.

  

	17.	GOVERNING LAW 

 This Agreement shall be governed by
and construed in accordance with the law of the State of New York, USA. 
  

	18.	AMENDMENT 

 This Agreement may not be amended,
modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to this Agreement, which agreement is executed by both of the parties hereto. 
  

	19.	WAIVER 

 Neither the failure nor any delay on the
part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the
same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence.
No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver. 
  

	20.	NOTICES 

 All notices, requests, demands and other
communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, or (iii) sent by a
recognized courier with next-day or second-day delivery to the last known address of the other party. 
  

 8. 

	21.	COUNTERPARTS 

 This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one or more
counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose.

  

	22.	NO INTERPRETATION AGAINST DRAFTER 

 Each party
recognizes that this Agreement is a legally binding contract and acknowledges that it, he or she has had the opportunity to consult with legal counsel of choice. In any construction of the terms of this Agreement, the same shall not be construed
against either party on the basis of that party being the drafter of such terms. 
 [Remainder of this page has been intentionally left
blank.] 
  

 9. 

 IN WITNESS WHEREOF, this Agreement has been executed as of the date first written above. 
  

			
	Longtop Financial Technologies Limited
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	Executive	 	
		
	Signature:	 	  

	Name:	 	
	Title:	 	

 Schedule A 
 Cash Compensation 
  

					
	 	  	Amount	  	Pay
Period
	 Salary
	  		  	
	 Bonus
	  		  	

  

 11.Asset Transfer Agreement

 Exhibit 10.4 
 [Execution Copy] 
 Asset Transfer Agreement 
 by and among 
 FEnet Co., Ltd. 

 Deng Xinping, as Management Shareholder 
 And 
 Longtop Financial Technologies Limited 
 May 2007 
  

 Table of Contents 
  

					
	 Articles
	  	 	  	Pages
	 Article 1
	  	Definitions and Interpretations	  	3
			
	 Article 2
	  	Sale and Purchase	  	5
			
	 Article 3
	  	Closing	  	6
			
	 Article 4
	  	Seller’s and Management Shareholder’ Representations and Warranties	  	6
			
	 Article 5
	  	Representations and Warranties of Seller and Purchaser	  	8
			
	 Article 6
	  	Pre-Closing Covenants	  	8
			
	 Article 7
	  	Closing Conditions	  	10
			
	 Article 8
	  	Post-Closing Obligations	  	11
			
	 Article 9
	  	Breach	  	13
			
	 Article 10
	  	Force Majeure	  	13
			
	 Article 11
	  	Termination	  	14
			
	 Article 12
	  	Governing Law and Dispute Resolution	  	15
			
	 Article 13
	  	Notices	  	16
			
	 Article 14
	  	Miscellaneous	  	17

 Appendices: 
  

			
	I.	    	Shareholder Resolution of FEnet Co., Ltd.
	II.	    	List of Assets
	III.	    	Proof of Ownership of Transferred Assets
	IV.	    	List of Closing Documents
	V.	    	Key Shareholders of FEnet Co., Ltd.
	VI.	    	Share Purchasers and Shares
	VII.	    	Earn-out Schedule
	VIII.	    	Opinion from PRC Counsel to Seller
	IX.	    	Certain Indemnification Obligations

  

					
	 Asset Transfer Agreement
	 	- 1 -	 	

 ASSET TRANSFER AGREEMENT 
 THIS ASSET TRANSFER AGREEMENT (Agreement) is entered into on May 31, 2007 in Xiamen, People’s Republic of China (PRC) 
 by and among 
  

	(1)	FEnet Co., Ltd. (Seller), a company duly established and existing under the laws of the Cayman Islands, with its registered address at Zephyr House, George Town, Grand
Cayman, British West Indies; 

  

	 (2)
	 Deng Xinping (Management Shareholder), a PRC resident with ID card no. 420106196611113215 and with
principal residential address at Room 705, No.5, 2nd Qiao Yuan Street, Guangzhou, PRC; 

 and 
  

	(3)	Longtop Financial Technologies Limited (Purchaser) , a company duly established and existing under the laws of the British Virgin Islands (BVI), with its
registered address at P.O.Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands. 

 WHEREAS

  

	A.	The Seller owns full right and title to the Assets (as defined below), which are used in the operation of or that otherwise relate to the Websites and the Business (as defined
below). 

  

	B.	The Seller acquired the Assets from Guangzhou FEnet Software Co., Ltd. (Operator) pursuant to the Assets Transfer Agreement (ATA) entered into by and between those
parties on 31 May 2007. 

  

	C.	The Operator is a Sino-foreign joint venture in which the Seller holds 91.7% equity interest. 

  

	D.	The Purchaser’s wholly-owned subsidiary in the PRC, Xiamen Longtop System Co., Ltd. (Longtop WFOE), has also obtained certain other assets related to the Websites and
the Business from the Operator pursuant to the Business and Assets Transfer Agreement (BATA) entered into by and between those parties on 31 May 2007. 

  

	E.	A decision, act, consent or instruction of the Management Shareholder (including an amendment, extension or waiver of this Agreement) shall constitute a decision of all the Key
Shareholders (as defined below), and shall be final, binding and conclusive upon each of such Key Shareholders, and the Purchaser may rely upon any such decision, act, consent or instruction of the Management Shareholder as being the decision, act,
consent or instruction of each of such Key Shareholders. 

  

					
	 Asset Transfer Agreement
	 	- 2 -	 	

	  	The Purchaser is hereby relieved from any liability to any person for any acts done by them in accordance with such decision, act, consent or instruction of the Management
Shareholder. The Key Shareholders have granted the full and irrevocable authorization to the Management Shareholder to execute this Agreement and contemplate the transaction hereunder by issuing a written resolution (attached as Appendix I).

  

	F.	The Seller wishes to sell to the Purchaser, and the Purchaser wishes to purchase from the Seller, the Assets. 

 NOW, THEREFORE, the parties have agreed as follows: 
 Article 1 Definitions and Interpretations 
  

	1.1	Definitions. Unless otherwise stipulated herein, the following terms shall have the meaning set forth below: 

  

			
	Assets	  	the intangible assets to be transferred from the Seller to the Purchaser, including, without limitation, the intellectual property rights and good will in connection with the Websites, the
Domain Names and Software, as set forth in Appendix II;
		
	Business	  	all the business, services and trade conducted or engaged in by the Management Shareholder, the Seller or the Operator, including without limitation the development of software or provision of
services relating to the business intelligence;
		
	Business Contracts	  	all business contracts signed by the Operator, as defined and listed in the BATA;
		
	Business Day	  	a day on which commercial banks are open for corporate business in the PRC;
		
	Closing Date	  	the date which is not more than 2 Business Days after all of the Closing conditions as set forth in Article 7 have been satisfied (or waived in writing by the appropriate party), provided that
the Closing Date shall not be later than 1 August, 2007 unless otherwise agreed to in writing by the Purchaser;
		
	Closing Documents	  	any certificates, consents, approvals, agreements, and documents relating to the transactions contemplated by this Agreement as are set forth on Appendix IV;

  

					
	 Asset Transfer Agreement
	 	- 3 -	 	

			
	Domain Names	  	the domain names related to the Business or the Websites (as defined below) and that are now owned by the Seller, which are part of the Assets;
		
	Employees	  	no less than 90% of key employees and no less than 80% of all employees employed in the Business, as defined and listed in the BATA;
		
	Force Majeure	  	any earthquake, storm, fire, flood, war or other significant event of natural or human-caused disaster arising after signing hereof which is unforeseen, unavoidable and not possible to overcome,
and is beyond the control of any party, and prevents the total or partial performance of this Agreement;
		
	Government Authority	  	any competent government departments and authorities;
		
	Key Shareholders	  	any and all individuals or legal entities, which hold 10% shares or above of any kind, or have any interest, directly or indirectly, in Seller, each of which is identified Appendix
V;
		
	Law	  	of a jurisdiction, means all laws and legislation of that jurisdiction that are in effect, including laws, regulations, decrees and any order, ruling, writ, judgment, injunction or decree any
government agencies and other documents of a legislative, administrative or judicial nature;
		
	Liabilities	  	any and all liabilities, claims, obligations, expenses or damages, whether known or unknown, contingent or absolute, named or unnamed, disputed or undisputed, legal or equitable, determined or
liquidated or unliquidated;
		
	RMB	  	Renminbi, the legal currency of the PRC;
		
	Software	  	the software used by the Operator in conducting the Business and that is now owned by the Seller, which is part of the Assets;
		
	Tax	  	all forms of taxation, including, without limitation, enterprise income tax, business tax, value-added tax, stamp duty and individual income tax levied by the applicable tax authorities pursuant
to Law, as well as any penalty, surcharge or fine in connection therewith;

  

					
	 Asset Transfer Agreement
	 	- 4 -	 	

			
	Trade Secret	  	any information relating to this Agreement, the Operator, Seller, the Purchaser or the Business, including, without limitation, any information regarding costs, technologies, financial
contracts, future business plans and any other information deemed by the parties to be confidential, and which is unknown by the public, has practical value and is of economic benefit to the parties;
		
	USD	  	United States Dollar, the legal currency of the USA; and
		
	Websites	  	www.fenet.com.cn and any other websites associated with the Business.

  

	1.2	Headings. All headings used herein are for reference purposes only and do not affect the meaning or interpretation of any provision hereof. 

  

	1.3	Appendices. Any reference herein to an Article or Appendix is to an article or appendix of this Agreement. 

  

	1.4	Other References. Unless otherwise indicated, a reference herein to a day, month or year is to a calendar day, month or year. 

 Article 2 Sale and Purchase 
  

	2.1	Purchase Price. Subject to the Closing (as defined below) the Seller shall sell, transfer, convey assign and set over (Transfer) to the Purchaser, and the Purchaser
shall purchase and acquire from the Seller, the Assets free from any encumbrances, for a total consideration as stipulated in Article 2.2 below (Purchase Price). 

  

	2.2	Method and Schedule for Payment. In consideration of the Transfer at the Closing to the Purchaser of the Assets, the Purchaser shall: 

  

	 	2.2.1	issue [264,233] ordinary shares of the Purchaser to the Seller, or any parties designated by the Seller, within 10 Business Days of the Closing; the details of the issuance
of ordinary shares are set forth in Appendix VI; 

  

	 	2.2.2	by way of immediately available funds, pay USD to the Seller in an amount equivalent to RMB[22,150,000](the applicable exchange rate shall be calculated at the
prevailing rate published by the People’s Bank of China on the date the payment is made), within 10 Business Days of the signing hereof; and 

  

	 	2.2.3	pay the remaining Purchase Price to the Seller pursuant to the Earn-out Schedule, as described in Appendix VII. 

  

	2.3	Account. The Purchase Price shall be deposited into the following account: 

  

	  	Bank : [HSBC Sun Hung Kai Centre Branch] 

	  	Account : [499-2-604753] 

  

					
	 Asset Transfer Agreement
	 	- 5 -	 	

	2.4	Offset Right. Notwithstanding anything herein to the contrary, the Purchaser shall be entitled to offset, against any consideration otherwise payable to the Seller pursuant
to Article 2.1, any amount which the Management Shareholder, Seller or Operator may owe to the Purchaser, provided that the amount to be offset shall be agreed upon by both parties, or if the parties cannot so agree, the amount determined based on
the arbitral award, as required pursuant to Article 12.2. Without limiting the generality of the foregoing, the Purchaser shall be entitled to reduce the cash payments otherwise payable to the Seller by an amount equal to the aggregate amount due
and payable by the Seller or the Operator to the Purchaser. 

  

	2.5	Distribution. The Purchaser shall have no responsibility or liability with respect to the Seller’s distribution of the Purchase Price, it being acknowledged and agreed
that the Seller shall have sole responsibility and liability with respect to the same. 

 Article 3 Closing

  

	3.1	Closing Date. The closing of the transactions contemplated hereby (Closing) shall be held in Guangzhou, on the Closing Date, and shall be effective as of 12:01a.m.
local time on the Closing Date. All matters at the Closing shall be considered to take place simultaneously. 

  

	3.2	Closing Documents. The Seller and the Purchaser shall deliver to each other at the Closing the Closing Documents. The Seller and Management Shareholder further agree that at
or subsequent to the Closing, upon the written request of the Purchaser, it will promptly execute and deliver or cause to be promptly executed and delivered, by itself or the Operator, any further assignment, instruments of transfer and bills of
sale or conveyances reasonably necessary or desirable to vest fully in the Purchaser all of the Seller’s right, title and interest in and to the Assets. 

  

	3.3	Liabilities. The parties agree that it is their mutual intent and desire that the Seller and the Management Shareholder shall be jointly and severally responsible for any
Liabilities of the Operator or of the Seller related to or arising from the transaction contemplated under this Agreement prior to Closing or related to or arising from actions that occurred prior to Closing. 

 Article 4 Seller’s and Management Shareholder’s Representations and Warranties 
 The Seller and the Management Shareholder each jointly and severally represent and warrant that: 
  

	4.1	Ownership of Assets. Appendix II sets forth all of the assets of the Operator transferred to the Seller by the Operator. The Seller has good and marketable title to the
Assets, including to all underlying intellectual property rights, free of any mortgages, pledges or encumbrances or other security interests, and is entitled to transfer the Assets to the Purchaser. 

  

					
	 Asset Transfer Agreement
	 	- 6 -	 	

	4.2	Registration of Assets. The Seller and the Management Shareholder have undertaken and maintained at their sole expense all registrations of the intellectual property rights
and other relevant rights of the Assets that are necessary to protect them as proprietary property under applicable Laws, and the existence, or their registration or use of such intellectual property does not infringe on the rights of others.

  

	4.3	Software. The Seller is the owner of the Software and which ownership does not infringe any third party’s copyright. No license to use the Software has ever been granted
to any third parties. 

  

	4.4	Websites. The Seller or the Operator owns or has all rights necessary to use, publish, display and distribute the content that appears on the Websites. The use of such
content on the Websites (including, without limitation, all text and images uploaded to the Website) does not infringe upon any third party’s intellectual property rights and no third party has made any such claim, and no proceedings have been
instituted or, to the knowledge of Seller or the Management Shareholder, threatened alleging any such infringement. 

  

	4.5	Disputes. Neither the Seller nor the Management Shareholder are aware of any pending or threatened civil or criminal claims, prosecutions, lawsuits, investigations or other
proceedings against any of the Seller or the Operator or of any settlements related to the same; nor are the Seller or the Management Shareholder aware of any contractual provisions or executable court rulings or injunctions that may be binding upon
or affect the Seller’s property; the Seller’s execution and performance of this Agreement and the Purchaser’s implementation of any rights under this Agreement do not violate the mortgage rights, contracts, rulings, decrees or Laws
that are binding upon the Seller or the Seller’s assets. 

  

	4.6	Previous Statements. All of the representations and warranties made by the Seller, Management Shareholder or the Operator in the ATA and BATA were at the time they were made,
and remain in their entirety, true and accurate. 

  

	4.7	All Necessary Assets. The Assets represent all of the intangible assets (except for those included in the BATA) necessary for the operation or promotion of the Business and
the Websites, and there are no intangible assets which have been used in the ordinary operation of the Business that are not included in the Assets. 

  

	4.8	Governmental Consents. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any PRC, local or foreign
governmental, regulatory or other authority on the part of the Seller or the Operator is required in connection with the consummation of the transactions contemplated by this Agreement. 

  

					
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	 	- 7 -	 	

 Article 5 Representations and Warranties of Seller and Purchaser 
 The Seller and the Purchaser each represent and warrant that: 
  

	5.1	Due Establishment. It is an independent legal entity formally established at its place of incorporation, and has obtained all government approvals and registrations necessary
for its existence, which approvals and registrations are continuing and effective and it has sufficient authority to conduct its business in accordance with its business license, approval certificate, articles of association or similar corporate
documents; 

  

	5.2	Authorization. It is fully authorized to sign this Agreement and to fulfill its obligations hereunder; 

  

	5.3	No Violation. Its signing of this Agreement and performance of any of its obligations hereunder will not violate: 

  

	 	5.3.1	its business license, approval certificate, articles of association or similar corporate documents; 

  

	 	5.3.2	any applicable Laws, or the conditions attached to any authorization or approval granted by any Government Authority; and 

  

	 	5.3.3	any agreement which is binding on the party; 

  

	5.4	Litigation. There is no lawsuit, arbitration or other legal or government procedure pending or threatened against it which, based on its knowledge, could materially and
adversely affect its performance of this Agreement; 

  

	5.5	Disclosure. It has disclosed to each of the other parties all documents issued by any Government Authority that might have a material adverse effect on the performance of its
obligations under this Agreement; 

  

	5.6	No Dissolution. It is not the subject of any liquidation or dissolution proceedings; and 

  

	5.7	No Bankruptcy. It has neither been declared bankrupt by a court of competent jurisdiction nor entered into any bankruptcy proceedings. 

 Article 6 Pre-Closing Covenants 
 Prior to the
Closing, the Seller and the Management Shareholder shall ensure all of the following: 
  

	6.1	Notification. Between the date of this Agreement and the Closing, the Seller will promptly notify the Purchaser in writing if the Seller or the Management Shareholder become
aware of any fact or condition that causes or constitutes a breach of any of the Seller’s representations and warranties as of the date of this Agreement, or if the Seller becomes aware of the 

  

					
	 Asset Transfer Agreement
	 	- 8 -	 	

	  	occurrence after the date of this Agreement of any fact or condition that would (except as expressly required by this Agreement) cause or constitute a breach of any such
representation or warranty had such representation or warranty been made as of the time of occurrence or discovery of such fact or condition. 

  

	6.2	No Solicitation or Negotiation. The Management Shareholder shall direct and cause the Seller, the Operator and any other affiliate and any officer, director and employee of,
or any investment banker, attorney or other advisor or representative of, the Seller, the Operator, or any affiliate not to, directly or indirectly, engage in, solicit, initiate, or encourage any inquiries or proposals from any individual or entity
(other than the Purchaser) relating to any transaction involving the Transfer or sale of all or any part of the Assets, the Business or the share, or any merger, consolidation, business combination, or similar transaction involving the Operator or
the Business (any such transaction, a Competing Transaction) or participate in any discussions or negotiations regarding, or furnish to any individual or entity any information with respect to any Competing Transaction. 

  

	6.3	Publicity. Neither the Sellers, the Management Shareholder, the Operator nor their affiliates shall issue a press release or public announcement related to this Agreement, or
the transactions contemplated hereby, without the approval of the Purchaser, unless required by PRC Law (in the reasonable opinion of outside counsel), in which case the Sellers and Management Shareholder shall use reasonable efforts to give the
Purchaser the opportunity to review such press release or announcement prior to publication and, where practicable, agree to the form and wording of such release or announcement. 

  

	6.4	Contract Assignment. The Seller shall, and the Management Shareholder shall cause the Operator to, cooperate with the Purchaser or Longtop WFOE in order to assign all of the
Business Contracts to Longtop WFOE. The Seller shall ensure that such assignment is effected in material compliance with all applicable Laws and in material compliance with any contractual or other obligations owing to any Government Authority or
other individual or entity. 

  

	6.5	Employee Transition. The Seller shall, and the Management Shareholder shall cause the Operator to, cooperate with the Purchaser in order to transfer the Employees to Longtop
WFOE or its designated party in accordance with the BATA. The Seller shall ensure that such transfer is effected in material compliance with all applicable Laws and any contractual or other obligations owing to any Government Authority or other
individual or entity. 

  

	6.6	Use. The Seller and the Operator are entitled to continue using the Assets, and to assist the Operator in using the same, for the purpose of the Business until the Closing
Date for no consideration other than that for loss or damage (if any). 

  

	6.7	Maintenance. Until the Assets are delivered to the Purchaser, the Seller shall be responsible for the custody and maintenance of the Assets. Any loss of or damage to the
Assets, for reasons other than the fault solely of the Purchaser, shall be deemed as the Seller’s failure to deliver the Assets and shall constitute a material breach, irrespective of whether such loss or damage is actually caused by the
Seller. 

  

					
	 Asset Transfer Agreement
	 	- 9 -	 	

 Article 7 Closing Conditions 
  

	7.1	Obligation to Purchase: The Purchaser’s obligation to purchase the Assets and to take the other actions required of it at the Closing, is subject to the satisfaction, at
or prior to the Closing, of each of the following conditions (any of which may be waived by the Purchaser, in whole or in part): 

  

	 	7.1.1	Accuracy of Representations. Each of the Seller’s representations and warranties in this Agreement must have been true and correct as of the date of this Agreement, and
must have been true and accurate as of the Closing Date as if made on the Closing Date. 

  

	 	  	Each of the Management Shareholder’s and the Operator’s representations and warranties in the ATA and BATA must have been true and correct as of the date of the signing
and closing of the respective agreement, and remain true and correct as of the Closing. 

  

	 	7.1.2	Seller’s Performance. Each of the covenants and obligations that the Seller, Management Shareholder and (or) the Operator are required to perform or to comply with
pursuant to this Agreement, the BATA or the ATA must have been duly performed and complied with in all material respects at or prior to the Closing, and the Seller must have executed and delivered each of the Closing Documents.

  

	 	7.1.3	No Injunction or Prohibition. Since the date of this Agreement, there must not be in effect any injunction, prohibition or Law restraining or prohibiting the consummation of
the transactions contemplated by this Agreement, the ATA or the BATA, including the Transfer of the Assets. 

  

	 	7.1.4	Ownership. Subject to Article 7.1.5, the ownership in all the Assets must have passed to the Purchaser. 

  

	 	7.1.5	Registration. If the Transfer in any Assets is required to be registered with any Government Authority or other relevant authorities, the Seller must have submitted all
necessary documents for registration of the ownership transfer prior to the Closing Date. 

  

	 	7.1.6	Delivery. The Seller must have delivered all Closing Documents related to the ownership of the Assets to the Purchaser on the Closing Date. 

  

	 	7.1.7	Source Code. The Seller must have delivered the source code and all other documents relating to the Software to the Purchaser as of the Closing Date.

  

	 	7.1.8	Employees’ Agreements. Employees must have executed valid agreements approved by the Purchaser containing confidentiality, non-disclosure and work-for-hire provisions
with respect to the Assets and Business. 

  

					
	 Asset Transfer Agreement
	 	- 10 -	 	

	 	7.1.9	Board Approval. Within 6 days of the signing hereof, the Seller must have provided the Purchaser with a copy of the resolutions of the Seller’s board of directors and
Key Shareholders’ meeting evidencing their respective approval of this Agreement. 

  

	 	7.1.10	LAC Agreement. The Seller shall terminate the Subscription Agreement, which was entered into by and between the Seller and London Asia Capital Plc on 20 February 2006.

  

	7.2	Obligation to Transfer: Seller’s obligation to Transfer the Assets and to take the other actions required to be taken by the Seller at the Closing, is subject to the
satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by the Seller, in whole or in part): 

  

	 	7.2.1	Accuracy of Representations. Each of the Purchaser’s representations and warranties in this Agreement must have been true and correct as of the date of this Agreement,
and must have been true and correct as of the Closing Date as if made on the Closing Date. 

  

	 	7.2.2	Performance. Each of the covenants and obligations that the Purchaser is required to perform or to comply with pursuant to this Agreement at or prior to the Closing must have
been duly performed and complied with in all material respects, and the Purchaser must have executed and delivered each of the documents required to be delivered by it hereunder. 

  

	 	7.2.3	Sufficient Funds. The Purchaser must have sufficient funds (or access to sufficient funds) available to it to fulfill its obligations under Article 2.1.

  

	 	7.2.4	Registration of Shares. The Purchaser shall properly and promptly execute all necessary documents, obtain all necessary approvals and/or consents from Governmental
Authorities and any other third parties, conduct all necessary filings and/or registrations, and take all other necessary actions to issue the ordinary shares to Seller as stipulated in Article 2.2.1 and register the Seller as the legal holder of
such shares. 

 Article 8 Post-Closing Obligations 
  

	8.1	Closing and Post-Closing Obligation for Certain Taxes. All Tax, and all recording or filing fees, notarial fees and other similar costs of Closing applicable to the Transfer
of the Assets (excluding, in any event, income taxes of the Purchaser) will be borne by the Seller. 

  

	8.2	Non-Competition. The Seller and the Management Shareholder shall not (and the Management Shareholder shall take any and all reasonable actions to ensure that the Operator and
the associates of the Operator and the Management Shareholder shall not), for a period of 5 years after the Closing Date, directly or indirectly: 

  

					
	 Asset Transfer Agreement
	 	- 11 -	 	

	 	8.2.1	own, manage, operate, finance, join, or control, or participate in the ownership, management, operation, financing or control of, or be associated as a director, partner, lender,
investor or representative in connection with, any profit or not-for-profit business or enterprise in the PRC which designs or produces software products relating to the operational solutions and/or analysis for enterprises or business intelligence
or otherwise competes with the Business (except with the Purchaser or Longtop WFOE); or 

  

	 	8.2.2	solicit, induce or attempt to induce any person employed by the Purchaser or the Longtop WFOE to enter the employ of any other person or entity. 

  

	8.3	Trade Secret. The Seller and the Management Shareholder shall not (and the Management Shareholder shall take any and all reasonable actions to ensure that the Operator and
the associates of the Operator and the Seller shall not) at any time after the Closing, copy, divulge, or permit to be divulged to others, or use in any way any Trade Secret except in accordance with the Purchaser’s prior written authorization
or by such Government Authority, of the information so ordered disclosed. 

  

	8.4	Software Registrations. The Seller and the Management Shareholder shall cause the Purchaser or its affiliate to be registered with the relevant Government Authority in the
PRC as the owner of the copyright over the Software within 60 days after the Closing Date. 

  

	8.5	Further Assurances. At any time and from time-to-time, the Seller shall promptly execute, acknowledge and deliver any other assurances or documents reasonably requested by
the Purchaser necessary to satisfy its respective obligations hereunder or obtain the benefits contemplated hereby. 

  

	8.6	Assigned Contracts. The parties agree that the Purchaser shall not be responsible for any Liabilities of the Seller, the Management Shareholder or the Operator unless
expressly assigned to and assumed in writing by the Purchaser. 

  

	8.7	Acknowledgment. The Seller and the Management Shareholder each acknowledge that any breach of the covenants contained in this Agreement would cause irreparable injury to the
Purchaser and that damages and remedies at Law for any breach of any such covenant would be inadequate. The Seller and the Management Shareholder each acknowledge that, in addition to any other remedies available to the Purchaser, the Purchaser
shall be entitled to injunctive relief and other equitable relief to prevent a breach of any such covenant. 

  

	8.8	Indemnification. The Seller and the Management Shareholder, jointly and severally, agree to indemnify, defend and hold harmless the Purchasers, Longtop WFOE, and their
respective affiliates, and the partners, members, Key Shareholders, managers, directors, employees and agents of each of the foregoing, from and against and in respect of any and all demands, 

  

					
	 Asset Transfer Agreement
	 	- 12 -	 	

	  	claims, actions or causes of action, assessments, losses, damages, liabilities, interest and penalties, costs and expenses (including, without limitation, reasonable legal fees and
disbursements incurred in connection therewith and in seeking indemnification therefore, and any amounts or expenses required to be paid or incurred in connection with any action, suit, proceeding, claim, appeal, demand, assessment or judgment)
(collectively, Losses), resulting from, arising out of, or imposed upon or incurred by any legal entity or individual to be indemnified hereunder by reason of (i) any breach of any representation, warranty, covenant or agreement of the
Seller or the Management Shareholder contained in this Agreement or any agreement, certificate or document executed and delivered by the Seller or in connection with the Transfer or (ii) any matter set forth on Appendix XI.

 Article 9 Breach 
  

	9.1	Events of Breach. The occurrence of any one or more of the following events shall constitute a breach of this Agreement: 

  

	 	9.1.1	any party violates any material provision hereof or fails to perform in any material respect its obligations hereunder, and such breach or nonperformance has not been remedied for a
period of 15 days after receipt of written notice from another party requesting such remedy; or 

  

	 	9.1.2	any representation or warranty made by any party herein shall prove to have been false or misleading in any material respect. 

  

	9.2	Liabilities for Breach. Where any party commits a breach of this Agreement, it shall be liable to compensate the other parties for any and all damages caused as a result of
the breach, not including, however, indirect or consequential damages. 

  

	9.3	Liabilities for Breach by Seller and/or Management Shareholder. If for any reason due to the breach of this Agreement by the Seller and/or the Management Shareholder that
results in the failure by either or both of them to meet any of the conditions for closing, then the Seller and the Management Shareholder shall be jointly and severally liable to compensate the Purchaser for any and all damages caused as a result
of the breach, not including, however, indirect or consequential damages. 

 Article 10 Force Majeure 

 

	10.1	Consultation. In the event of Force Majeure, the parties shall promptly consult with each other to find a solution to the situation. 

  

	10.2	Exemption. Should the occurrence of a Force Majeure result in the Seller or the Purchaser’s failure to perform its obligations under this Agreement in whole or in part,
the affected party may, unless otherwise stipulated by applicable Law, be exempted from performing those obligations to the extent of the effect of the Force Majeure in question. 

  

					
	 Asset Transfer Agreement
	 	- 13 -	 	

	10.3	Best Efforts. Subject to this Article 10, the party affected by Force Majeure may suspend the performance of its obligations under this Agreement to the extent and for the
duration thereof until the effect of the Force Majeure no longer operates. However, that party shall exert its best efforts to remove any impediments resulting from the Force Majeure and to minimize to the greatest possible extent any damages
incurred. With the agreement of the parties, the term of this Agreement shall be extended by the period of such suspension without penalty to any party. 

  

	10.4	Written Evidence. The party claiming Force Majeure shall, as soon as possible after the occurrence of the Force Majeure, inform each of the other parties of the situation and
specify the reason for its failure to perform this Agreement, so as to minimize the damages inflicted upon that party, and shall provide each of the other parties with written evidence, certified by the relevant Government Authority, of the
occurrence of the Force Majeure. 

  

	10.5	Non-Exemption. A party shall not be exempted from performing its obligations under this Agreement where Force Majeure occurs following the delay by that party to perform such
obligations. 

  

	10.6	Termination. If Force Majeure prevails for a period of 30 days or more and has a material adverse effect on this Agreement, then the applicable party may terminate this
Agreement in accordance with Article 11. 

 Article 11 Termination  
  

	11.1	Conditions of Termination. This Agreement may only be terminated as listed below, namely: 

  

	 	11.1.1	by mutual written consent of the parties; 

  

	 	11.1.2	by the Purchaser, if any of the Seller or the Management Shareholder breach in any material respect its representations and warranties or other agreements or covenants herein, if
the breaching party fails to remedy within 10 days after the receipt of written notice from the Purchaser requesting such remedy; 

  

	 	11.1.3	by the Seller, if the Purchaser breaches in any material respect its representations and warranties or other agreements or covenants herein, if the Purchaser fails to remedy within
10 days after the receipt of written notice from the Seller requesting such remedy; 

  

	 	11.1.4	by either the Purchaser, on the one hand, or the Seller on the other hand, if the Closing has not occurred (other than through the failure of the party seeking to terminate this
Agreement to comply fully with its obligations under this Agreement) on or before the Closing Date or such later date as the Seller and the Purchaser may agree upon; 

  

					
	 Asset Transfer Agreement
	 	- 14 -	 	

	 	11.1.5	by either the Purchaser, on the one hand, or the Seller on the other hand, if the other party becomes insolvent or declares bankruptcy; 

  

	 	11.1.6	by either the Purchaser, on the one hand, or the Seller on the other hand, if the other party is affected by Force Majeure, by serving a written notice to such other party as set
forth in Article 10; 

  

	 	11.1.7	by the Purchaser, if any of the Seller or the Management Shareholder expressly states or by its conduct indicates that it will not discharge any of its obligations hereunder; or

  

	 	11.1.8	by any of the Seller or the Management Shareholder, if the Purchaser expressly states or by its conduct indicates that it will not discharge any of its obligations hereunder.

  

	11.2	Effect of Termination. The termination of this Agreement shall not affect any rights and obligations which have accrued prior to the termination; provided, however, that
nothing herein shall relieve any party of any liability before the termination of this Agreement. 

 Article 12 Governing
Law and Dispute Resolution 
  

	12.1	Governing Law. This Agreement shall be governed by the PRC law. Where PRC law is silent on a particular matter relating to this Agreement, reference shall be made to
international commercial practice. 

  

	12.2	Dispute Resolution. 

  

	 	12.2.1	Mediation. 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. 

  

	 	12.2.2	Arbitration. If the dispute cannot be resolved in the above manner within 30 days after the commencement of consultations, either party may submit the dispute to arbitration
as follows: 

  

	 	12.2.2.1	all disputes arising out of or in connection with this Agreement shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by a sole
arbitrator appointed in accordance with those rules; and 

  

	 	12.2.2.2	the arbitration shall be held in Hong Kong and conducted in the English language, with the arbitral award being final and binding upon the parties. The cost of arbitration shall be
allocated as determined 

  

					
	 Asset Transfer Agreement
	 	- 15 -	 	

	 	  	by the arbitrator. Any award rendered by the arbitrator shall be enforced by any court having jurisdiction upon the losing party or its assets in accordance with the Convention
on the Recognition and Enforcement of Foreign Arbitral Awards (1958). 

  

	 	12.2.3	Continued Performance. When any dispute is submitted to arbitration, the parties shall continue to perform this Agreement. 

 Article 13 Notices  
  

	13.1	Notice. All notices and communications between the parties shall be made in writing and in the English and/or Chinese languages by delivery in person (including courier
service) or registered mail to the addresses set forth below: 

  

	  	Seller: 

  

					
	Address	  	:	  	2F #44, Jianzhong road, Zhongshan Avenue West, Guangzhou, PRC. 510665
			
	Attn	  	:	  	Deng Xinping

  

	  	Management Shareholder: 

  

					
	Address	  	:	  	Room 705, No.5 2nd Qiao Yuan Street, Guangzhou, People’s Republic of China
			
	Attn	  	:	  	Deng Xinping

  

	  	Purchaser: 

  

					
	Address	  	:	  	15/F, Block A, Chuangxin Building, Software Park, Xiamen, 361005, P.R. China
			
	Attn	  	:	  	Huang Shuhui

  

	  	with a copy to: 

  

	  	TransAsia Lawyers 

  

					
	Address	  	:	  	Suite 2218 China World Tower 1, 1 Jianguomenwai Avenue, Beijing 100004, PRC
			
	Attn	  	:	  	Philip Qu, Esq

  

	13.2	Time of Receipt. The time of receipt of the notice or communication shall be deemed to be: 

  

	 	13.2.1	the time set forth in the transmission journal, in the case of a facsimile transmission, unless such facsimile transmission is sent after 5:00 p.m., in which event the date of
receipt shall be deemed to be the following business day in the place of receipt; 

  

					
	 Asset Transfer Agreement
	 	- 16 -	 	

	 	13.2.2	the time of signing of a receipt by the receiving party in the case of delivery in person (including courier service); and 

  

	 	13.2.3	seven days from that shown on the official postal receipt, in the case of registered mail. 

 Article 14 Miscellaneous 
  

	14.1	Entire Agreement. This Agreement represents the full agreement of the parties as to the subject matter hereof, and shall supersede all prior discussions, proposals,
negotiations and agreements. 

  

	14.2	Amendment. This Agreement can only be modified, altered or supplemented through written agreements signed by all parties. 

  

	14.3	No Waiver. Failure or delay on the part of any party to exercise any right under this Agreement shall not operate as a waiver thereof. 

  

	14.4	Severability. The invalidity of any provision of this Agreement shall not affect the validity of any other provision of this Agreement which is unrelated to that provision.

  

	14.5	Language. This Agreement has been prepared in 6 sets of originals, with 1 for each party and for each of the Management Shareholder. Each set shall be comprised of 1 English
version. 

  

	14.6	Taking Effect. This Agreement shall be effective upon signing by the parties or their authorized representatives and shall be affixed with their respective company seals
(where applicable). 

 [The space below is intentionally left blank.] 
  

					
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	 	- 17 -	 	

 IN WITNESS WHEREOF, the parties have arranged for this Agreement to be signed by themselves or their duly
authorized representatives on the date first indicated above. 
  

			
	 For and on behalf of
 FEnet Co.,
Ltd.

		
	Signature :	 	 /s/ Deng Xinping/[with Company chop]

	Representative :	 	
	Title :	 	

  

			
	 By
  
 Deng Xinping

		
	Signature :	 	 /s/ Deng Xinping

	
	 For and on behalf of
 Longtop Financial Technologies Limited

		
	Signature :	 	 /s/ Weizhou Lian

	Representative :	 	Weizhou Lian
	Title :	 	

  

					
	 Asset Transfer Agreement
	 	- 18 -	 	

 [Appendix I] 
 Shareholder Resolution of FEnet Co., Ltd. 
  

	•	 	 Shareholder Resolution of FEnet Co., Ltd. approving entering into an Asset Transfer Agreement on May 31, 2007 for the transfer of those assets of FEnet Co.,
Ltd. to Longtop Financial Technologies Limited. 

  

	•	 	 Shareholder Resolution of FEnet Co., Ltd. approving entering into an Asset Transfer Agreement on May 31, 2007 for the transfer of those assets of Guangzhou
FEnet Co., Ltd. 

  

	•	 	 Board Resolution of FEnet Co., Ltd. approving entering into an Asset Transfer Agreement on 2007 for the transfer of those assets of FEnet Co., Ltd. to Longtop
Financial Technologies Limited. 

  

	•	 	 Board Resolution of FEnet Co., Ltd. approving entering into an Asset Transfer Agreement on 2007 for the transfer of those assets of Guangzhou FEnet Co., Ltd.

  

	•	 	 Board Resolution of Guangzhou FEnet Co., Ltd. approving entering into an Asset Transfer Agreement on 2007 for the transfer of those tangible assets and business of
Guangzhou FEnet Co., Ltd. to Longtop System Co., Ltd. 

  

	•	 	 Board Resolution of Guangzhou FEnet Co., Ltd. approving entering into an Asset Transfer Agreement on 2007 for the transfer of certain assets of Guangzhou FEnet Co.,
Ltd. to FEnet Co., Ltd. 

  

					
	 Asset Transfer Agreement
	 	- 19 -	 	

 [Appendix II] 
 List of Assets 
  

	1.	Non-patent technology 

  

	  	[None] 

  

	2.	Authorship 

  

	  	Self-developed software 

  

	  	List of self-developed software with validity 

  

	3.	Registered trademark 

  

	  	[None] 

  

	4.	Domain name 

  

	  	[www.fenet.com.cn] 

  

	5.	SMS website 

  

	  	[None] 

  

					
	 Asset Transfer Agreement
	 	- 20 -	 	

 [Appendix III] 
 Proof of Ownership of Transferred Assets 
  

					
	 Asset Transfer Agreement
	 	- 21 -	 	

 [Appendix IV] 
 List of Closing Documents 
 The Closing Documents include, with limitation, the following: 
  

	1.	Proof of Ownership of Transferred Assets; 

  

	2.	Signed Copies of Seller’s Board Resolutions and Key Shareholders’ Resolutions under Article 7.1.9; 

  

					
	 Asset Transfer Agreement
	 	- 22 -	 	

 [Appendix V] 
 Key Shareholders of FEnet Co., Ltd. 
  

					
	 Name
	 	 Address
	 	 Number of Shares of
 FEnet Co., Ltd. Owned
 at the
Closing

	 JUNTOP TECHNOLOGY LIMITED
	 	 Acara Bldg., 24 De Castro
 Street, Weekhams Cay 1,

 Road Town,Tortola
 British Virgin Islands
	 	6,316,667
			
	 Mandarin IT Fund I
	 	 Ugland House
 South Church Street
 P.O. Box 71
 Road Town
 Tortola
 British Virgin Islands
	 	5,625,000
			
	 FEnet Employee Plan Limited
	 	 Craiguir Chambers
 P.O. Box 71
 Road Town
 Tortola
 British Virgin Islands
	 	4,330,933
			
	 Forest Nominees Limited A/c GC1
	 	 P.O. Box 328
 St Peter Port
 Guemsey GYI 3 TY
	 	2,785,778

  

					
	 Asset Transfer Agreement
	 	- 23 -	 	

 [Appendix VI] 
 Share Purchasers and Shares 
  

			
	 Name of Share Purchasers
	 	 Number of Ordinary Shares

	 FEnet Co., Ltd.
	 	264,233

  

					
	 Asset Transfer Agreement
	 	- 24 -	 	

 [Appendix VII] 
 Earn-out Schedule 
  

					
	 Asset Transfer Agreement
	 	- 25 -	 	

 Earn-out schedule 
 A lump sum of RMB 19,500,000, the third installment of the total purchase payment, will be paid after the 2007 annual audit of the company (New FEnet) established in Guangzhou by Longtop Financial Technologies
Limited (LFT) and under the trade name “FEnet”, and no later than 1 April 2008. The actual amount of the aforesaid installment will be adjusted in accordance with the performance of New FEnet during the period of assessment in
2007 after its establishment. Such period will be from 1 July 2007 to 31 December 2007 (Period). The aforesaid adjustment will be calculated as follows: 
 Should New FEnet fail to meet the requirement of net profit, viz RMB 10,000,000, during the Period, 2.5 times the difference between RMB10,000,000 and the actual net profit during the Period shall be deducted
from the total purchase payment. Such amount is to be paid to the bank account designated by the Transferor by 1 April 2008. Should the applicable amount not be sufficient for such adjustment, the Transferor will contribute the remainder of the
difference from the first installment of the payment, which has already been paid. 
 Should the net profit made by New FEnet during the Period exceed
RMB10,000,000, 2.5 times the excess amount shall be paid to the bank account designated by the transferor, prior to 30 June 2008. However, the amount of net profit in excess of RMB12,220,000 to be used for calculation of adjustment is capped at
RMB 8,000,000. 
 The Parties agree that the income of New FEnet in 2007 will be determined as follows: 
  

	•	 	 The income of development business shall be determined according to the percentage of completed work and based on the amount specified in the contract , customer
receipts, customer acceptance report, and statistics on work hours of New FEnet; 

  

	•	 	 If free maintenance provisions were not stipulated in the development business contract, maintenance fee therefore should not be calculated and charged.

  

	•	 	 Concerning free maintenance stipulated in the development business contract, the maintenance amount or ratio shall be charged according to the amount or ratio
expressly specified in the contract. Concerning the maintenance amount or ratio and the free maintenance period which is within 2 years, not expressly stated in the contract, a fee equals to 10% of the contract value will be charged and the duration
for maintenance should be counted according to the agreement, and the income should be determined as follows: (the contract value includes development income and maintenance income) 

  

	 	a)	Prior to 31 December 2007, the development projects with expired maintenance period shall follow the general principle of income recognition in development services,
determining the “development income” and “maintenance income” during the Period of New FEnet 

  

					
	 Asset Transfer Agreement
	 	- 26 -	 	

	 	b)	Prior to 31 December 2007, if the maintenance period has begun but not yet finished, determining the “development income” of “New FEnet” after maintenance
cost deducted from contract value according to the general principle of income recognition in development services; determining the maintenance income of New FEnet during the Period according to the maintenance days actually incurred.

  

	 	c)	Prior to 31 December 2007, if the maintenance period has not begun, the “development income” of “New FEnet” shall be determined after the maintenance cost
is deducted from the contract value according to the general principle of income recognition in development services. 

  

	•	 	 The services income will be determined on a monthly basis and in accordance with the period of services stipulated in the contract; 

  

	•	 	 The integration and products income will be determined in accordance with client receipts. 

 The Parties agree that New FEnet’s 2007 cost will be determined as follows: 
  

	•	 	 For development projects concerned in the list of “business contract”in Schedule I thereof, “New FEnet”shall only be subject to capped work
hours listed in the column of “NewFenet work hours (man /month)”, if actual work load exceeds(or lowers than) such work hours, the excessive (saving )hours shall be borne by “Old FEnet”. 

  

	•	 	 Outsourcing costs of development projects shall be recognized in proportion to recognized income, but the following requires special treatment:

  

	 	a)	“New FEnet” has executed the development contract and needs subcontract part of the labor services to other company for closure of this project. The cost of outsourcing
development projects incurred shall be determined in accordance with the ratio at which income is determined. 

  

	 	b)	“New FEnet” has executed the development contract and need pay technology consultant fee and advisory fee and determines the cost in full amount upon paying.

  

	•	 	 The integration and products cost will be actual purchase cost. 

  

	•	 	 The net profit of New FEnet during the Period will be the final balance of the cost, determined in accordance with the aforementioned methods, and after deducting
costs, due taxes, total expenses actually incurred in accumulation, and other relevant expenses. 

  

					
	 Asset Transfer Agreement
	 	- 27 -	 	

 [Appendix VIII] 
 Certain Indemnification Obligations 
  

	1.	The outstanding payment for BI Office software which is due by the Operator to Guangzhou FEnet System Network Co., Ltd. 

  

	2.	All other outstanding payments, including without limitation, the due remuneration to Operator’s employees, the shareholder loans, and any other outstanding payments to the
governmental entities and/or third parties (including all taxes). 

  

	3.	All other matters which the Purchaser may discover Post-Closing from time to time, whereby all parties shall update this Appendix to reflect the same accordingly.

  

					
	 Asset Transfer Agreement
	 	- 28 -	 	

 Supplementary Agreement 
 THIS SUPPLEMENTARY AGREEMENT (Agreement) is made on this day of July 15, 2007 in Xiamen, People’s Republic of China (PRC) 
 among 
  

	(1)	FEnet Co., Ltd. (Seller), a company duly established and existing under the laws of the Cayman Islands, with its registered address at Zephyr House, George Town, Grand
Cayman, British West Indies; 

  

	 (2)
	 Deng Xinping (Management Shareholder), a PRC resident with ID card no. 420106196611113215 and with
principal residential address at Room 705, No.5, 2nd Qiao Yuan Street, Guangzhou, PRC; 

 and 
  

	(3)	Longtop Financial Technologies Limited (Purchaser) , a company duly established and existing under the laws of the British Virgin Islands (BVI), with its
registered address at P.O.Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands. 

 (Collectively referred to as
the Parties) 
 Background 
  

	(A)	The parties entered into an Asset Transfer Agreement dated May 31,2007 (ATA) under which the Seller has agreed to sell to the Purchaser certain intangible assets;

  

	(B)	The Closing has not taken place in accordance with the ATA and the parties are therefore amending and supplementing the ATA under this Agreement. 

  

	(C)	The Parties and Mandarin IT Fund I entered into a Bridge Loan Agreement (BLA) dated July 12, 2007, under which each party to the BLA has agreed to make alternative
arrangements in respect of certain obligations under the ATA. 

 NOW, THEREFORE, the parties agree as follows: 
  

	1.	The Closing Date may be postponed notwithstanding Section 3.1 of the ATA. However, the parties hereby confirm that the Closing shall take place not later than Oct 30,2007.

  

	2.	The Seller’s obligation to provide Board Approval pursuant to Section 7.1.9 and the Purchaser’s obligation to pay USD to the Seller in an amount equivalent to
RMB[22,150,000] pursuant to Section 2.2.2 of the ATA shall be postponed to July 31,2007 and within 10 business days after the Purchaser receives the above mentioned Board Approval , respectively. 

  

					
	 Asset Transfer Agreement
	 	- 29 -	 	

	3.	This Agreement shall have the same legal effect as the ATA. Unless otherwise provided, any articles in the ATA shall apply to this Agreement and any terms in this Agreement shall
have the same meaning as those in the ATA. 

 [The space below is left intentionally] 
  

					
	 Asset Transfer Agreement
	 	- 30 -	 	

 IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first set forth above.

  

			
	 For and on behalf of
 FEnet Co.,
Ltd.

		
	Signature :	 	 /s/ Xinping Deng

	Representative :	 	
	Title :	 	

  

			
	 By
  
 Deng Xinping
	 	
		
	Signature :	 	 /s/ Xinping Deng

	
	 For and on behalf of
 Longtop Financial Technologies Limited

		
	Signature :	 	 /s/ Weizhou Lian

	Representative:	 	
	Title : 	 	

  

					
	 Asset Transfer Agreement
	 	- 31 -

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