Document:

Form of Employment Agreement

 Exhibit 10.4 
  

 BAIDU.COM, INC. 
  
 EXECUTIVE EMPLOYMENT AGREEMENT 
  
 This EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”),
entered into as of                     , 2004 by and between Baidu.com, Inc., a limited company organized under the laws of the Cayman Islands
(the “Company”) and                      (the “Executive”) (collectively, the “Parties”).

  
 RECITALS 
  
 A. The Company desires to employ the Executive as
                     of the Company and to assure itself of the services of the Executive for the Period of Employment (as
defined below). 
  
 B. The Executive desires to be employed by the
Company as                      of the Company for the Period of Employment and upon the terms and conditions of this Agreement.

  
 AGREEMENT 
  
 ACCORDINGLY, the Parties agree as follows: 
  
 1. Term of Employment. The Company shall employ the Executive
to render services to the Company in the position and with the duties and responsibilities described in Section 2 for a period of two (2) years starting from the date of this Agreement (the “Period of Employment”), unless the Period
of Employment is terminated sooner in accordance with Sections 4 or 5 below. 
  
 2. Position, Duties, Responsibilities. 
  
 2.1 Position. The Executive shall render services to the Company in the position of Vice President of Engineering and shall perform all services appropriate to that position having similar nature with positions
in companies of similar operational and financial conditions in similar industries as well as such other services as may reasonably be assigned by the Company, including serving as the
                     of Baidu Online Network Technology (Beijing) Co., Ltd. (

), a wholly owned subsidiary of the Company established in the People’s Republic of China (the “PRC”). The Executive’s principal place of employment shall be Beijing, China. The Executive
shall devote his best efforts and full-time attention to the performance of his duties. The Executive shall report to the board of directors of the Company. 
  
 2.2 Other Activities. Except upon the prior written consent of the board of directors of the Company, the Executive shall not (i) accept any other
employment (except for academic employment, position in industrial or professional associations, non-executive director of other companies which do not compete with the Company’s business provided that 

  

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 Exhibit 10.4 
  

 
such other companies purchase director liability insurance), or (ii) engage, invest or assist, directly or indirectly, in any other business activity
(whether or not pursued for pecuniary advantage) that is or may be in conflict with, or that might place the Executive in a conflicting position to that of the Company. 
  
 2.3 Execution of Labor Contract. The Executive shall execute a written labor contract (the “Labor
Contract”), in the form attached as Exhibit A, with Baidu Online Network Technology (Beijing) Co., Ltd. (

) in accordance with the laws and regulations of the PRC and as requested by the Company. 
  
 3. Compensation and Holiday. In consideration of the services to be rendered under this Agreement, the Executive shall be entitled to the
following: 
  
 3.1 Base Salary. The Company shall
pay the Executive a “Base Salary” of RMB                     per month, subject to adjustment in accordance with Section 3.2
below. 
  
 3.2 Salary Adjustment. The Executive’s Base
Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees. 
  

3.3 Benefits. The Executive shall be eligible to participate in the benefits (including but not limited to insurance) made generally available
by the Company to similarly-situated executives, in accordance with the benefit plans established by the Company, and as may be amended from time to time in the Company’s sole discretion. The Executive shall also be entitled to any mandatory
benefits or welfare (including without limited to the housing public fund (

)) applicable under the laws of the PRC. 
  
 3.4 Bonus. The Executive shall be entitled to a standard year end bonus up to two months of Base Salary based upon the performance of the Executive, and evaluated by the board of directors or the compensation
committee of the Company (as the case may be). 
  
 3.5 Stock
Option. The Company has previously granted to the Executive stock options, details of which are set out at Exhibit B. 
  
 3.6 Holidays. The Executive shall be entitled, in addition to the PRC statutory public holidays, to take
                     number of working days as paid holiday in each full calendar year. If the Executive’s employment commences or
terminates part way through a calendar year, his entitlement to holidays will be assessed on a pro-rata basis in accordance with the Company’s holiday policy, as it may change from time to time. 
  
 3.7 Others. The salary and welfare provided respectively in the Labor
Contract and this Agreement shall not be cumulative. If there is any discrepancy between the above provisions in Article 3 herein and the salary and other welfare provided in the Labor Contract, the Executive shall, in addition to the salary and
welfare provided in the Labor Contract, be entitled to the additional amount of the salary and welfare (if any) provided in this Agreement only to the extent it exceeds those provided in the Labor Contract. 
  

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 Exhibit 10.4 
  

 4. Termination By Company. 
  
 4.1 Termination for Cause. For purposes of this Agreement, “For Cause” shall mean the occurrence of
any of the following, subject only to any statutory requirement of any applicable law: (i) the failure of the Executive to properly carry out his duties after notice by the Company of the failure to do so and a reasonable opportunity for the
Executive to correct the same within a reasonable period specified by the Company; (ii) any breach by the Executive of one or more provisions of any written agreement with, or written policies of, the Company or his fiduciary duties to the Company
likely to cause material harm to the Company and its affiliates, or (iii) any theft, fraud, dishonesty or serious misconduct by the Executive involving his duties or the property, business, reputation or affairs of the Company and its affiliates.
The Company may terminate the Executive’s employment For Cause at any time, without any advance notice or payment in lieu of notice. The Company shall pay to the Executive all compensation prescribed under Section 3 hereof to which the
Executive is entitled up through the date of termination, subject to any other rights or remedies of the Company under law, and thereafter all obligations of the Company under this Agreement shall cease. 
  
 4.2 By Death. The Executive’s employment shall terminate
automatically upon the Executive’s death. The Company shall pay to the Executive’s beneficiaries or estate, as appropriate, any compensation then due and owing under Section 3 hereof to which the Executive is entitled up through the date
of termination, subject to any other rights or remedies of the Company under law, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this section shall affect any entitlement of the Executive’s heirs or
devisees to the benefits of any life insurance plan or other applicable benefits, if any. If the Executive dies during the course of or in connection with the performance of his duty, the Company shall pay to the Executive’s beneficiaries or
estate, as appropriate, a special compensation not exceeding the annual Base Salary as provided in Article 3.1 above, as decided by the board of directors of the Company. 
  
 4.3 By Disability. If the Executive becomes eligible for the Company’s long-term disability benefits or if, in
the sole opinion of the Company, the Executive is unable to carry out the responsibilities and functions of the position held by the Executive by reason of any physical or mental impairment for more than ninety (90) consecutive days or more than one
hundred twenty (120) days in any twelve-month period, then, to the extent permitted by law, the Company may terminate the Executive’s employment. The Company shall pay to the Executive all compensation prescribed under Section 3 hereof to which
the Executive is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this section shall affect the Executive’s rights under any disability plan in which the
Executive is a participant, if any. 
  
 4.4 Other Termination
by Company. In addition to Sections 4.1 through 4.3, the Company may at any time terminate the employment of the Executive without cause by giving two (2) months written notice to the Executive, in which case the Executive will be eligible to
receive an amount equal to six (6) months of the then-current Base Salary of the Executive payable in the form of salary continuation. Such severance shall be reduced by any remuneration paid to the Executive because of the Executive’s
employment or self-employment during the severance period, i.e., six (6) months, and the Executive shall promptly report all such remuneration to the Company in writing. The Executive’s eligibility 

  

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 Exhibit 10.4 
  

 
for severance is conditioned on the Executive having first signed a Termination Certificate in the form attached as Exhibit C. The Executive
shall not be entitled to any severance payments if the Executive’s employment is terminated For Cause, by death or by disability (as provided above) or if the Executive’s employment is terminated by the Executive for any reason other than
Good Reason, as defined below. 
  
 5. Termination By
Executive. 
  
 5.1 Termination by Executive other than for
Good Reason. The Executive may terminate employment with the Company at any time for any reason or no reason at all, upon two (2) months’ advance written notice. During such notice period the Executive shall continue to diligently perform
all of the Executive’s duties hereunder. The Company shall have the option, in its sole discretion, to make the Executive’s termination effective at any time prior to the end of such notice period as long as the Company pays the Executive
all compensation under Section 3 hereof to which the Executive is entitled up through the last day of the two (2) months’ notice period. Thereafter all obligations of the Company shall cease. Unless the Executive terminates his employment for
Good Reason, as provided in Section 5.2, no severance or other separation benefits shall be paid to the Executive. 
  
 5.2 Termination for Good Reason After Change in Control. The Executive’s termination shall be for Good Reason (as defined below) if the
Executive provides written notice to the Company of the Good Reason within three (3) months of the event constituting Good Reason and provides the Company with a period of twenty (20) days to cure the Good Reason and the Company fails to cure the
Good Reason within that period. For purposes of this Agreement, “Good Reason” shall mean any of the following events if (i) the event is effected by the Company without the consent of the Executive (voting for such event as a
director shall not constitute a consent) and (ii) such event occurs within six (6) months after a Change in Control (as hereinafter defined): (A) a change in the Executive’s position with the Company which materially reduces the
Executive’s level of responsibility; (B) a material reduction in the Executive’s Base Salary, except for reductions that are comparable to reductions generally applicable to similarly situated executives of the Company; or (C) a relocation
of the Executive’s principal place of employment by more than one hundred miles. For purposes of this Agreement, a “Change in Control” of the Company shall be deemed to have occurred when: (i) the shareholders of the Company
approve a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the shareholders of the Company immediately prior thereto holding fifty percent (50%) or more of the outstanding
voting securities of the Company or the surviving entity immediately after such merger or consolidation; or (ii) the shareholders of the Company approve either a plan of liquidation or dissolution of the Company or an agreement for the sale, lease,
exchange or other transfer or disposition by the Company of fifty-percent (50%) or more of the Company’s assets. If the Executive terminates his employment for Good Reason, the Executive will be eligible to receive an amount equal to one (1)
month of the Executive’s then-current Base Salary payable in the form of salary continuation. Thereafter all obligations of the Company or its successor under this Agreement shall cease. Any severance shall be reduced by any remuneration paid
to the Executive because of the Executive’s employment or self-employment during the severance period, and the Executive shall promptly report all such remuneration to the Company or its successor in writing. The Executive’s eligibility
for severance is conditioned on the Executive having first signed a Termination Certificate in the form attached as Exhibit C. 
  

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 Exhibit 10.4 
  

 6. Termination Obligations. 
  
 The Executive agrees that on or before termination of employment, he will promptly return to the Company all documents and
materials of any nature pertaining to his work with the Company, including all originals and copies of all or any part of any Proprietary Information or Inventions (as defined below) along with any and all equipment and other tangible and intangible
property of the Company. The Executive agrees not to retain any documents or materials or copies thereof containing any Proprietary Information or Inventions. 
  

The Executive further agrees that: (i) all representations, warranties, and obligations under Articles 6, 7, 8, 12, 14.1, 14.2 and 14.3 contained in
this Agreement shall survive the termination of the Period of Employment; (ii) the Executive’s representations, warranties and obligations under Articles 6, 7, 8, 12, 14.1, 14.2 and 14.3 shall also survive the expiration of this Agreement; and
(iii) following any termination of the Period of Employment, the Executive shall fully cooperate with the Company in all matters relating to his continuing obligations under this Agreement, including but not limited to the winding up of pending work
on behalf of the Company, the orderly transfer of work to the other employees of the Company, and to the extent not causing any conflict of interest by existing event, provide reasonable assistance in the defense of any action brought by any third
party against the Company that relates in any way to the Executive’s acts or omissions while employed by the Company. The Executive also agrees to sign and deliver the Termination Certificate attached hereto as Exhibit C prior to his
termination of employment with the Company. 
  
 7.
Post-Termination Activity. 
  
 7.1 No Use of Proprietary
Information. The Executive acknowledges that the pursuit of the activities forbidden by this subsection would necessarily involve the use or disclosure of Proprietary Information in breach of this Agreement, but that proof of such a breach would
be extremely difficult. To forestall such disclosure, use, and breach, and in consideration of the employment under this Agreement, the Executive also agrees that while employed by the Company, and for a period of one (1) year after termination of
the Executive’s employment, the Executive shall not, directly or indirectly: 
  
 (i) divert or attempt to divert from the Company or any Affiliate (“Affiliate” shall mean any person or entity that directly, or indirectly through one or more intermediaries, controls, or is controlled by,
or is under common control with such entity. For the purposes of this definition “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person, whether
through the ownership of voting securities, by contract or otherwise, and includes (x) ownership directly or indirectly of 50% or more of the shares in issue or other equity interests of such person, (y) possession directly or indirectly of 50% or
more of the voting power of such person or (z) the power directly or indirectly to appoint a majority of the members of the board of directors or similar governing body of such person, and the terms “controlling” and “controlled”
have meanings correlative to the foregoing) any business of any kind in which it is engaged, including, without limitation, soliciting business from or performing services for, any persons, company or other entity which at any time during the
Executive’s employment by the Company is a client, supplier, or customer of the Company or prospective client (for the purpose of this Agreement, prospective clients shall mean prospective clients that the 

  

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 Exhibit 10.4 
  

 
Executive deals with in the course of the ordinary business of the Company during the term of the Executive’s employment with the Company), supplier, or
customer of the Company if such business or services are of the same general character as those engaged in or performed by the Company; 
  
 (ii) solicit or otherwise induce any person to terminate his employment or consulting relationship with the Company or any Affiliate; and 
  
 (iii) engage, invest or assist in any business activity that directly or
indirectly competes with the business or future business plans of the Company or any Affiliate, unless the Executive can prove that any action taken in contravention of this subsection was done without the use in any way of Proprietary Information.

  
 In addition, because the Executive acknowledges the difficulty
of establishing when any intellectual property, invention, or proprietary information is first conceived or developed by the Executive, or whether it results from access to Proprietary Information or the Company equipment, supplies, facilities, or
data, the Executive agrees that any intellectual property, invention, or proprietary information shall be reported to the Company and, unless proven otherwise to the reasonable satisfaction of the Company, shall be presumed to be an Invention for
the purpose of this Agreement and shall be subject to all terms and conditions hereof, if reduced to practice by the Executive or with the aid of the Executive within six (6) months after termination of the Period of Employment. 
  
 7.2 No Competition. Notwithstanding Section 7.1 above, while employed
by the Company and for a period equal to the greater of one (1) year after the termination of the Executive’s employment with the Company for any reason whatsoever or such period of time for which the Executive is entitled to receive severance
payments in accordance with Section 4.4 or 5.2 herein, the Executive shall not, directly or indirectly, as an executive, employer, employee, consultant, agent, principal, partner, manager, stockholder, officer, director, or in any other individual
or representative capacity, engage or participate in any business within Hong Kong and/or the PRC that is competitive with the business of the Company or any Affiliate. Notwithstanding the foregoing, the Executive may own less than five percent (5%)
of any class of stock or security of any corporation listed on an internationally recognized securities exchange which competes with the Company. 
  
 7.3 Enforceability. The covenants of this Article 7 are several and separate, and the unenforceability of any specific covenant shall not affect
the provisions of any other covenant. If any provision of this Article 7 relating to the time period or geographic area of the restrictive covenants shall be declared by a court of competent jurisdiction to exceed the maximum time period or
geographic area, as applicable, that such court deems reasonable and enforceable, then this Agreement shall automatically be considered to have been amended and revised to reflect the maximum time period or geographic area that such court deems
enforceable. 
  
 7.4 Independent Covenants. All of the
covenants in this Article 7 shall be construed as an agreement independent of any other provision in this Agreement, and the existence of any claim or cause of action of the Executive against the Company or any of its Affiliates, whether predicated
on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of such covenants.  
  

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 Exhibit 10.4 
  

 8. Proprietary Information. 
  
 The Executive agrees during his employment with the Company and thereafter, to hold in strictest confidence and trust, and
not to use or disclose to any person, firm or corporation any Proprietary Information without the prior written consent of the Company, except as necessary in carrying out his duties as an employee of the Company for the benefit of the Company.
“Proprietary Information” means any information of a proprietary, confidential or secret nature that may be disclosed to the Executive that relates to the business of the Company or of any parent, subsidiary, Affiliate, customer or
supplier of the Company or any other party with whom the Company agrees to hold information of such party in confidence (“Relevant Parties”). Such Proprietary Information includes, but is not limited to, Inventions, research,
product plans, products, services, business strategies, personnel information, customer lists, customers, markets, technical information, forecasts, marketing, finances or other business information of the Company and its Affiliates. This
information shall remain confidential whether it was disclosed to the Executive either directly or indirectly in writing, orally or by drawings or observation. The Executive understands that Proprietary Information does not include any of the
foregoing items which has become publicly known and made generally available through no wrongful act of the Executive or others who were under confidentiality obligations as to the items involved. 
  
 9. Former Employer Information. 
  
 The Executive agrees that he will not, during his employment with the
Company, improperly use or disclose any proprietary information or trade secrets, or bring onto the premises of the Company any unpublished document or proprietary information belonging to any former or concurrent employer or other person or entity.

  
 10. Third Party Information. 
  
 The Executive recognizes that the Company has received and in the future
will receive confidential or proprietary information from third parties. The Executive agrees to hold all such confidential or proprietary information in the strictest confidence and trust, and not to disclose it to any person, firm or corporation
or to use it except as necessary in carrying out his work for the Company consistent with the Company’s agreement with such third party. 
  
 11. No Conflict. 
  
 The Executive represents and warrants that the Executive’s execution of this Agreement, his employment with the Company, and the performance of his
proposed duties under this Agreement shall not violate any obligations he may have to any former employer or other party, including any obligations with respect to proprietary or confidential information or intellectual property rights of such
party. 
  
 12. Inventions. 
  
 12.1 Inventions Retained and Licensed. The Executive has attached, as
Exhibit D, a list describing all inventions, original works of authorship, developments, improvements, and trade secrets which were made by the Executive prior to the Executive’s employment 

  

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 Exhibit 10.4 
  

 
with the Company (“Prior Inventions”), which belong to the Executive, and which relate to the Company’s actual and/or proposed
business, products or research and development. If, in the course of his employment with the Company, the Executive incorporates into a Company product, process or machine a Prior Invention owned by the Executive or in which the Executive has an
interest, the Company is hereby granted and shall have a non-exclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify, use and sell such Prior Invention as part of or in connection with such product, process or
machine. 
  
 12.2 Assignment of Inventions. The Executive
agrees that he will promptly make full written disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby irrevocably assign to the Company, or its designee, all the Executive’s right, title, and
interest in and to any and all inventions, original works of authorship, developments, concepts, improvements, designs, drawings, discoveries, ideas, formulas, processes, compositions of matter, software, databases, mask works, computer programs
(including all source codes) and related documentation, algorithms, engineering and reverse engineering, technology, hardware configuration information, logos, trade names, trademarks, patents, patent applications, copyrights, trade secrets or
know-how, 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 (“Inventions”), while the Executive is employed by the Company. The
Executive further acknowledges that all original works of authorship which are made by the Executive (solely or jointly with others) within the scope of and during his employment with the Company and which are protectible by copyright are
“works made for hire,” as that term is defined in the United States Copyright Act and that the Company will be considered the author and owner of such works. The Executive understands and agrees that the decision whether or not to
commercialize or market any Invention developed by the Executive solely or jointly with others is within the Company’s sole discretion and for the Company’s sole benefit and that no royalty will be due to the Executive as a result of the
Company’s efforts to commercialize or market any such Invention. 
  
 12.3 Waiver of Moral Rights. To the utmost extent legally permitted, the Executive also hereby forever waives and agrees never to assert any and all Moral Rights (as defined below) he may have in or with respect to any Invention,
even after termination of his work on behalf of the Company. “Moral Rights” mean any rights to claim authorship of an Invention to object to or prevent the modification of any Invention, or to withdraw from circulation or control
the publication or distribution of any Invention, and any similar right, existing under judicial or statutory law of any country in the world, or under any treaty, regardless of whether or not such right is denominated or generally referred to as a
“moral right.” 
  
 12.4 Maintenance of Records.
The Executive agrees to keep and maintain adequate and current written records of all Inventions made by the Executive (solely or jointly with others) during the Executive’s employment with the Company. The records will be in the form of notes,
sketches, drawings, and any other format that may be specified by the Company. The records will be provided to, and remain the sole property of, the Company at all times. 
  
 12.5 Patent and Copyright Registrations. The Executive agrees to assist the Company, or its designee, at the
Company’s expense, in every proper way, to secure the Company’s rights in the Inventions and any copyrights, patents, mask work rights, trade 

  

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 Exhibit 10.4 
  

 
secret rights or other intellectual property rights relating thereto in any and all countries. The Executive will disclose to the Company all pertinent
information and data which the Company deems necessary for the execution of all applications, specifications, oaths, assignments and execute all instruments necessary to apply for and obtain such rights and in order to assign and convey to the
Company, its successors, assigns, and nominees, the sole and exclusive right, title and interest in and to such Inventions, and any copyrights, patents, mask work rights, or other intellectual property rights relating thereto. The Executive further
agrees that the Executive’s obligation to execute or cause to be executed, when it is in the Executive power to do so, any such instrument or papers shall continue after the termination of this Agreement. If the Company is unable, because of
the Executive’s mental or physical incapacity or for any other reason, to secure his signature to apply for or to pursue any application for any patents or copyright registrations covering the Inventions assigned to the Company as above, then
the Executive hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as his agent and attorney in fact, to act for and in the Executive’s behalf and stead to execute and file any such applications and
to do all other lawfully permitted acts to further the prosecution and issuance of letters, patent or copyright registrations thereon with the same legal force and effect as if executed by the Executive. 
  
 13. Alternative Dispute Resolution. 
  
 The Company and Executive mutually agree that any controversy or claim
arising out of or relating to this Agreement or the breach thereof, or any other dispute between the parties, shall be submitted to mediation before a mutually agreeable mediator, which cost is to be borne equally by the parties hereto. In the event
the Parties fail to agree on a mediator, or mediation is unsuccessful in resolving the claim or controversy within one (1) month after the commencement of mediation, such claim or controversy shall be resolved by litigation in the competent court in
the Hong Kong Special Administrative Region of the PRC (“Hong Kong”). 
  
 14. Miscellaneous. 
  
 14.1 Continuing Obligations. The obligations in this Agreement will continue in the event that the Executive is hired, renders services to or for the benefit of or is otherwise retained at any time by any present or future Affiliates
of the Company. Any reference to the Company in this Agreement will include such Affiliates. Upon the expiration or termination for any reason whatsoever of this Agreement, the Executive shall forthwith resign from any employment of office with an
Affiliate of the Company unless the board of directors of the Company requests otherwise. 
  
 14.2 Notification. The Executive hereby authorizes the Company to notify his actual or future employers of the terms of this Agreement and his responsibilities hereunder. 
  
 14.3 Name and Likeness Rights. The Executive hereby authorizes the
Company to use, reuse, and to grant others the right to use and reuse, his name, photograph, likeness (including caricature), voice, and biographical information, and any reproduction or simulation thereof, in any media now known or hereafter
developed (including but not limited to film, video and digital or other electronic media), both during and after his employment, in the course of ordinary business of the Company. For avoidance of doubt, 

  

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 Exhibit 10.4 
  

 
without the Executive’s prior written consent, the Company may not use, reuse, and to grant others the right to use and reuse, his name, photograph,
likeness (including caricature), voice, and biographical information, and any reproduction or simulation thereof for reasons other than the ordinary business of the Company, provided that the Executive shall not unreasonably withhold such consent.

  
 14.4 Injunctive Relief. The Executive
understands that in the event of a breach or threatened breach of this Agreement by him, the Company may suffer irreparable harm and will therefore be entitled to injunctive relief to enforce this Agreement. 
  
 14.5 Legal Fees. In any dispute arising under or in connection with
this Agreement, the prevailing party shall be entitled to recover reasonable attorney’s fees. 
  
 14.6 Entire Agreement. This Agreement, including the exhibits attached hereto, is intended to be the final, complete, and exclusive statement
regarding their subject matter, except for other agreements specifically referenced herein. Unless otherwise specifically provided for herein, this Agreement supersedes all other prior and contemporaneous agreements and statements pertaining to this
subject matter, and may not be contradicted by evidence of any prior or contemporaneous statements or agreements. To the extent that the practices, policies, or procedures of the Company, now or in the future, apply to the Executive and are
inconsistent with the terms of this Agreement, the provisions of this Agreement shall control. 
  
 14.7 Amendments, Renewals and Waivers. This Agreement may not be modified, amended, renewed or terminated except by an instrument in writing,
signed by the Executive and by a duly authorized representative of the Company other than the Executive. No failure to exercise and no delay in exercising any right, remedy, or power under this Agreement shall operate as a waiver thereof, nor shall
any single or partial exercise of any right, remedy, or power under this Agreement preclude any other or further exercise thereof, or the exercise of any other right, remedy, or power provided herein or by law or in equity. 
  
 14.8 Assignment; Successors and Assigns. The Executive agrees that he
will not assign, sell, transfer, delegate or otherwise dispose of, whether voluntarily or involuntarily, or by operation of law, any rights or obligations under this Agreement, nor shall the Executive’s rights be subject to encumbrance or the
claims of creditors. Any purported assignment, transfer, or delegation shall be null and void. Nothing in this Agreement shall prevent the consolidation of the Company with, or its merger into, any other corporation, or the sale by the Company of
all or substantially all of its properties or assets, or the assignment by the Company of this Agreement and the performance of its obligations hereunder to any successor in interest. In the event of a change in ownership or control of the Company,
the terms of this Agreement will remain in effect and shall be binding upon any successor in interest. Notwithstanding and subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties and their
respective heirs, legal representatives, successors, and permitted assigns, and shall not benefit any person or entity other than those enumerated above.  
  
 14.9 Notices. All notices or other communications required or permitted hereunder shall be made in writing and shall
be deemed to have been duly given if delivered by hand or mailed, postage prepaid, by certified or registered mail, return receipt requested, and 

  

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 Exhibit 10.4 
  

 
addressed to the following or such address as a Party may designate in writing from time to time: 
  

			
	to the Company at:	  	The Compensation Committee of the Board of Directors of Baidu.com, Inc.
	 	  	C/O 58 BeiSiHuanXiLu, Ideal International Building, 12/F
	 	  	Hai Dian District, Beijing, 100080, PRC
		
	to the Executive at:	  	 

  
 Any Notice delivered:

  

	 	(a)	by hand delivery or courier shall be deemed to have been delivered on the date of actual delivery. 

  

	 	(b)	by prepaid registered letter shall be deemed to have been delivered four Business Days after the date of posting; and 

  

	 	(c)	by facsimile shall be deemed to have been delivered on the day the transmission is sent (as long as the sender has a confirmation report specifying a facsimile, a facsimile number
of the recipient, the number of pages sent and the date of the transmission). 

  
 14.10 Severability; Enforcement. If any provision of this Agreement, or its application to any person, place, or circumstance, is held by an arbitrator or a court of competent jurisdiction to be invalid,
unenforceable, or void, such provision shall be enforced (by blue-penciling or otherwise) to the maximum extent permissible under applicable law, and the remainder of this Agreement and such provision as applied to other persons, places, and
circumstances shall remain in full force and effect. 
  
 14.11 Governing Law. This Agreement shall in all respects be construed and enforced in accordance with and governed by the laws of Hong Kong. 
  
 14.12 Interpretation. This Agreement shall be construed as a whole, according to its fair meaning, and not in favor
of or against any party. Sections and section headings contained in this Agreement are for reference purposes only, and shall not affect in any manner the meaning or interpretation of this Agreement. Whenever the context requires, references to the
singular shall include the plural and the plural the singular. References to one gender include both genders. 
  
 14.13 Obligations Survive Termination of Employment. The Executive agrees that any and all of the Executive’s obligations under this Agreement
capable of execution after the termination of the Executive employment, including but not limited to those contained in exhibits attached hereto, shall survive the termination of employment and the termination of this Agreement. 
  
 14.14 Language. This Agreement shall be written in English.

  

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 Exhibit 10.4 
  

 14.15 Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original of this Agreement, but all of which together shall constitute one and the same instrument. 
  

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 Exhibit 10.4 
  

 EXECUTIVE ACKNOWLEDGEMENT. The Executive acknowledges (i) that he has consulted with or has had the
opportunity to consult with independent counsel of his own choice concerning this Agreement and has been advised to do so by the Company, and (ii) that he has read and understands the Agreement, is fully aware of its legal effect, and has entered
into it freely based on his own judgment. The Executive hereby agrees that his obligations set forth in Sections 7, 8, and 9 hereof and the definitions of Proprietary Information and Inventions contained therein shall be equally applicable to
Proprietary Information and Inventions relating to any work performed by the Executive for the Company prior to the execution of this Agreement. 
  
 The parties have duly executed this Agreement as of the date first written above. 
  

			
	EXECUTIVE:
		
	Name:	 	  

	
	COMPANY:
	
	BAIDU.COM, INC.
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  

 13 

 Exhibit 10.4 
  

 EXHIBIT A 
  
 LABOR CONTRACT 
  

 14 

 Exhibit 10.4 
  

 EXHIBIT B 
  
 SUMMARY OF OPTIONS GRANTED TO THE EXECUTED 
  

	
	Option Agreement no.
	Option grant date
	Number of Options
	Exercise Price

  

 15 

 Exhibit 10.4 
  

 EXHIBIT C 
  
 TERMINATION CERTIFICATE 
  
 This is to certify that I have returned all personal property of Baidu.com, Inc. (the “Company”) and the Relevant Parties, including,
without limitation, all source code listings, flowcharts, books, manuals, records, models, drawings, reports, notes, contracts, lists, blueprints, and other documents and materials, electronic data recorded or retrieved by any means, Proprietary
Information, and equipment furnished to or prepared by me in the course of or incident to my employment with the Company, and that I did not make or distribute any copies of the foregoing. 
  
 I further certify that I have reviewed the Executive Employment Agreement
(the “Agreement”) signed by me and that I have complied with and will continue to comply with all of its terms, including, without limitation, (i) the reporting of any Inventions or any improvement, rights, or claims related to the
foregoing, conceived or developed by me and covered by the Agreement; (ii) the preservation as confidential of all Proprietary Information pertaining to the Company and the Relevant Parties; (iii) not participating in any business competitive with
the business of the Company and (iv) the reporting of any remuneration paid to me due to any employment or self-employment during the severance period, if any. This certificate in no way limits my responsibilities or the Company’s rights under
the Agreement. 
  

					
	Date:	 	  

	  	

	 	 	 	  	Print Executive’s Name
			
	 	 	 	  	  

	 	 	 	  	Executive’s Signature

  

 16 

 Exhibit 10.4 
  

 EXHIBIT D 
  
 LIST OF PRIOR INVENTIONS 
  
 AND ORIGINAL WORKS OF AUTHORSHIP 
  

					
	 Title

	 	 Date

	 	 Identifying Number or Brief Description

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

  

									
	  

	  	No inventions or improvements	  	 	  	 
	  

	  	Additional Sheets Attached	  	 	  	 

  

							
	Signature of Executive:	 	  

	  	 	  	 

  
 Printed Name of Executive: 
  

									
	Date:	 	  

	  	 	  	 	  	 

  

 17Acquisition Agreement dated as of August 9, 2004

	 Exhibit 10.5 
	 English Translation 

  
 Domain Names Transfer Agreement 
  
 Party A: Baidu Online Network Technology (Beijing) Co., Ltd. 
 Address:12/F.,
Ideal International Plaza, No. 58 North-West 4th Ring, Beijing, PRC 100080 

	Legal	Representative: Xu Yong 

	Contact	Persons: Wu Jing Chuan, Liu Ji Ping 

	Telephone:	(010) 82621188, 13801239435, 13809882810 

  
 Party B: Li Xing Ping 
 Address: Xin Bei Town, Mi Zhai She Ling Xia, Xing Ling
Municipal, Guangdong Province, PRC 514500 
 Identification Number: 441425790608387 
 Telephone: (0753) 3350019 
  

	WHEREAS:	

  

	1.	Party A is a wholly foreign owned enterprise established in accordance with the laws of People’s Republic of China; 

  

	2.	Party B legally owns a series of domain name of the websites of www.hao123.com, www.hao123.net, www.hao222.com, www.hao222.net (collectively referred to
as “hao123-Home of Web Addresses”) and the operation and management rights of “hao123-Home of Web Addresses”; 

  
 NOW THEREFORE, through friendly consultation and agreement of both Party A and Party B, the parties hereby enter into this Domain Names Transfer Agreement: 
  

	1.	Party B agrees to transfer “hao123-Home of Web Addresses” to Party A or its designated third party, the subject of the transfer includes: (1) the ownership right of the
domain name of the websites of www.hao123.com, www.hao123.net, www.hao222.com, www.hao222.net (hereinafter referred to as “Series Domain Names”); (2) the database and all original procedural codes of “hao123-Home of Web
Addresses” corresponding to the Series Domain Names; (3) all trademarks and copyrights (if any) relating to “hao123-Home of Web Addresses” and Series Domain Names; (4) all promotional cooperative agreements that Party B entered or
executed in the name of “hao123-Home of Web Addresses” ; 

  

	2.	 Party A or its designated third party agrees to accept the transfer of “hao123-Home of Web Addresses” and agrees to pay a total of RMB 10 million in cash
as the transfer fee (after tax). Party A or its designated third party is responsible to withhold and pay in lieu the taxes relating to this transfer fee. The specific manner of handover shall be: both parties execute the Websites Transfer
Agreement, Party B transfers to Party A or its designated third party the right of change of Series Domain Names (that is the login user name and password in WHOIS of the American domain name registration organization and the registration message

			
	Exhibit 10.5	 	English Translation

  

	 	 
of the Chinese domain name registration business HiChina (www.net.cn) and the user name and password of DNS service) and the database and all original
procedural code of “hao123-Home of Web Addresses”. The transfer date of “hao123-Home of Web Addresses” is the date of handover. After the Series Domain Names are changed to Party A or its designated third party, Party A or its
designated third party shall pay a total of RMB 10 million to Party B’s designated account within 24 hours. The date when Party A or its designated third party pays shall be the completion date of the transfer of “hao123- Home of Web
Addresses”. 

  
 The payment amount and
account designated by Party B are as follows: 
  
 Bank of China,
Guangdong Province, Xingning Municipal Branch, Ning Jiang Distribution Department: 
  

											
	 Account No.

	  	 Account
 Holder

	  	 Payment
 Amount

	  	 Account No.

	  	 Account
 Holder

	  	 Payment
 Amount

	 4770804 0188
 008948 7
	  	Li Xing Ping	  	1 million	  	4770804 0188 008014 5	  	Li Yu Min	  	1 million
						
	 4770804 0188
 008168 0
	  	Huang Xiao Mei	  	1 million	  	4770804 0188 009615 7	  	Li Yan Ling	  	1 million
						
	 4770801 0188
 020523 8
	  	Li Xing Ping	  	1 million	  	4770804 0188 003096 2	  	Li Yu Min	  	1 million

  
 China Construction
Bank, Guangdong Province, Xingning Municipal Branch, Savings Desk 
  

											
	 Account No.

	  	 Account
 Holder

	  	 Payment
 Amount

	  	 Account No.

	  	 Account
 Holder

	  	 Payment
 Amount

	 320501 01001
 10124110
	  	Li Xing Ping	  	1 million	  	320501 01001 10170485	  	Huang Xiao Mei	  	1 million
						
	 320501 01001
 10170477
	  	Li Yu Min	  	1 million	  	320503 01001 10101023	  	Li Xing Ping	  	1 million

  

	3.	After the relevant websites transfer procedures of “hao123-Home of Web Addressess” are completed, Party A agrees to cause a total of 40,000 ordinary shares of Baidu.com,
Inc to be granted to Party B. 

  

	4.	From the transfer date of “hao123-Home of Web Addresses”, Party A or its designated third party shall be responsible for the operation and management of “hao123-Home
of Web Addresses.” The proceeds arising out of this shall vest in Party A or its designated third party. Within 12 months after the completion date of the transfer of “hao123-Home of Web Addresses”, Party B agrees to continue to
assist Party A in managing and maintenance work of “hao123-Home of Web Addresses”. Party B agrees to use the QQ163 kind of websites it owns to cause new user to set up “hao123-Home of Web Addresses” as the home page by way of
pop-up windows in order to continue to increase the number of visits to “hao123-Home of Web Addresses”; if, within 12 months after the completion of the transfer, the daily average of the number of visits of the aforesaid websites is not
lower than the daily average of the number of visit of the month of the completion of the transfer, Party A agrees to pay to Party B a lump sum of RMB 1 million in cash of transfer fee (after tax). 

			
	Exhibit 10.5	 	English Translation

  

	5.	All promotional cooperation (see Appendix) entered or executed prior to the transfer of “hao123-Home of Web Addresses” shall be fully disclosed to Party A so that Party A
or its designated third party can continue to perform. All proceeds acquired out of this shall be vested in Party A or its designated third party. For operational convenience, Party B shall assist to replace the banking account information relating
to the aforesaid promotional business with the account number information of Party A or its designated third party. Party B shall guarantee that none of any other agreement relating to “hao123-Home of Web Addresses” is signed with any
third party other than the aforesaid agreements; otherwise, it shall constitute a fundamental default. 

  

	6.	Party A or its designated third party shall not undertake any responsibility, obligation, compensation or loss arises in relation to “hao123-Home of Web Addresses” and
Series Domain Names prior to the transfer date. Party B shall fully compensate Party A or its designated third party any loss (if any) as a result of the aforementioned. Party B shall solely undertake all debt disputes, industrial and business tax,
technology, intellectual property and other legal disputes prior to the transfer date. If loss is caused to Party A or its designated third party, Party B shall bear its loss. 

  

	7.	Party B agrees to continue to provide proactive assistance to Party A or its designated third party in order to complete a smooth handover of the Series Domain Names and management.
Party B shall assist Party A or its designated third party to administer all governmental approval, consent, permit, record changing formalities in relation to the operation of “hao123-Home of Web Addresses” after the transfer of
“hao123-Home of Web Addresses”. 

  

	8.	Party B undertakes not to individually or cooperate with others to operate or to operate in other manners of participation in websites same as or similar to “hao123-Home of Web
Addresses” within 24 months after the execution of this Agreement and not to consult, work or serve other websites same as or similar to “hao123-Home of Web Addresses”; otherwise, it shall constitute a fundamental default.

  

	9.	Parties’ confidential agreement: without the written permission of the other party, any party agrees not to disclose to any third party this transfer and any detail information
of this transfer. 

  

	10.	If dispute arises during the performance of this Agreement, it shall be resolved through consultation. If consultation fails, both parties agree to submit such dispute to Beijing
City Arbitration Commission for arbitration in accordance with its rules. The arbitration result shall be final and binding upon both parties. 

  

	11.	This Agreement has four originals; each party holds two originals. It shall be effective from the day this Agreement is signed and sealed by both parties. 

			
	Exhibit 10.5	 	English Translation

  

	12.	The validity, interpretation, and performance of this Agreement shall be governed by the laws of the People’s Republic of China. 

  
 Party A: Baidu Online Network Technology (Beijing) Co., Ltd. 
 Representative signature: /s/ Xu Yong 
 Sealed: August 9, 2004 
 Date: July 30, 2004 
  
 Party B: Li Xing Ping 
 Signed by: /s/ Li Xing Ping 
 Sealed: August 4, 2004 
 Date: 

			
	Exhibit 10.5	 	English Translation

  

 Appendix: All cooperative projects of “hao123-Home of Web Addresses” currently in effect are as follows
(except Baidu Search): 
  

	1.	“hao123-Home of Web Addresses” promotes for eBay; 

  

	2.	“hao123-Home of Web Addresses” promotes by short message alliance to form TOM; 

  

	3.	“hao123-Home of Web Addresses” promotes for 263 mailbox; 

  

	4.	“hao123-Home of Web Addresses” promotes for music.com.tw; 

  

	5.	“hao123-Home of Web Addresses” promotes for PC Online; 

  

	6.	“hao123-Home of Web Addresses” promotes for dongdong.com

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