Document:

NCR Corporation 2011 Economic Profit Plan

 Exhibit 10.3 
 NCR CORPORATION 2011 ECONOMIC PROFIT PLAN 
 PREAMBLE 

The purpose of the NCR Corporation 2011 Economic Profit Plan (the “Plan”) is to advance the interests of
the Company and its stockholders and assist the Company in attracting and retaining employees by providing incentives and financial rewards to such employees that are intended to be deductible to the maximum extent practicable as
“performance-based compensation” within the meaning of Section 162(m) of the Code. The Plan is effective upon the date of its approval by the Board of Directors of the Company on February 22, 2011, but is subject to stockholder
approval with respect to amounts that may become payable under the Plan and shall be null and void and of no further effect if such stockholder approval is not obtained. 
 ARTICLE I 
 Definitions 

 

	1.1	 Applicable Percentage means sixty-seven percent (67%) in the case of a termination by the Company without Cause or a resignation for
Good Reason and one hundred percent (100%) in the case of a termination by reason of Retirement or Disability. 

  

	1.2	 Award Statement means a written statement (a) identifying an individual as a Participant, (b) setting forth the percentage of
Economic Profit that represents the Participant’s Bonus Credit opportunity under the Plan for the applicable Performance Period, (c) setting forth, to the extent applicable, the Participant’s Bonus payment and Bonus Credit for the
prior Performance Period, (d) setting forth, to the extent applicable, the balance in the Participant’s Bonus Bank, and (e) containing such other terms and conditions as may be determined by the Committee in its sole discretion.

  

	1.3	 Bonus means the portion of a Participant’s Bonus Bank payable to a Participant in accordance with the terms of the Plan.

  

	1.4	 Bonus Bank means the bookkeeping account established and maintained by the Company under the Plan for the Participant which reflects the
aggregate Bonus Credits for such Participant less the aggregate Bonuses paid to such Participant, in each case, in accordance with the terms of the Plan. 

 

	1.5	 Bonus Credit means the amount credited to a Participant’s Bonus Bank for a Performance Period based on Economic Profit.

  

	1.6	 Cash Flow from Operations means net cash provided by operating activities as reported under Generally Accepted Accounting Principles.

  

	1.7	 Cash Flow Test has the meaning set forth in Section 3.4. 

	1.8	 Cause means, unless otherwise provided in an Award Statement, (a) “Cause” as defined in any Individual Agreement, or
(b) if there is no Individual Agreement or if it does not define Cause: (i) conviction of the Participant for committing a felony under federal law or the law of the state in which such action occurred, (ii) dishonesty in the course
of fulfilling the Participant’s employment duties, (iii) failure on the part of the Participant to perform substantially such Participant’s employment duties in any material respect, (iv) a material violation of the
Company’s ethics and compliance program or (v) such other events as shall be determined by the Committee and set forth in a Participant’s Award Statement. 

 

	1.9	 Change in Control means any of the following events: 

(i) the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of thirty percent
(30%) or more of either (a) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (b) the combined voting power of the then-outstanding voting securities of the Company
entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (i), the following acquisitions shall not constitute a
Change in Control: (A) any acquisition directly from the Company, (B) any acquisition by the Company, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation
controlled by the Company, or (d) any acquisition pursuant to a transaction that complies with clauses (A), (B) and (C) of subsection (iii) of this Section 1.9; or 

(ii) individuals who, as of the date of this Plan, constitute the Board of Directors of the Company (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors of the Company; provided, however, that any individual becoming a director subsequent to the date of this Plan whose
election, or nomination for election by the Company’s stockholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent
Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors of the Company; or 
 (iii) consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company or the acquisition of assets of another entity (a
“Corporate Transaction”), in each case, unless, following such Corporate Transaction, (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common
Stock and Outstanding Company Voting Securities immediately prior to such Corporate Transaction beneficially own, directly or indirectly, more than fifty percent (50%) of, respectively, the then-outstanding shares of common stock and the
combined voting power of the then 

  
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outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Corporate Transaction (including, without
limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership,
immediately prior to such Corporate Transaction of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be; (B) no Person (excluding any employee benefit plan (or related trust) of the Company or such
corporation, resulting from such Corporate Transaction) beneficially owns, directly or indirectly, thirty percent (30%) or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Corporate
Transaction or the combined voting power of the then outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Corporate Transaction; and (C) at least a majority of the members of the Board
of Directors of the corporation resulting from such Corporate Transaction were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board of Directors of the Company, providing for such
Corporate Transaction; or 
 (iv) approval by the stockholders of the Company of a complete
liquidation or dissolution of the Company. 
  

	1.10	 Code means the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder. 

 

	1.11	 Committee means the Compensation and Human Resource Committee of the Board of Directors of the Company, or a subcommittee thereof consisting
of members appointed from time to time by the Board of Directors of the Company, and shall be comprised of not less than such number of directors as shall be required to permit the Plan to satisfy the requirements of Section 162(m) of the Code.
The Committee administering the Plan shall be composed solely of “outside directors” within the meaning of Section 162(m) of the Code. 

  

	1.12	 Company means NCR Corporation, a Maryland corporation. 

 

	1.13	 Compensation Recovery Policy has the meaning set forth in Section 7.11. 

 

	1.14	 Competing Organization has the meaning set forth in Section 6.2. 

 

	1.15	 Controllable Capital means the Company’s working capital (comprised of accounts receivable plus inventory, minus the sum of accounts
payable, deferred revenue and customer deposits), plus the sum of Property, Plant & Equipment, other current assets, excluding taxes, and capitalized software, minus the sum of payroll and employee benefits and other current liabilities
excluding taxes and severance (FAS 112 liability). 

  
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	1.16	 Disability means a total and permanent disability that causes a Participant to be eligible to receive long-term disability benefits from the
NCR Long-Term Disability Plan, or any similar plan or program sponsored by a subsidiary or affiliate of the Company. 

  

	1.17	 Economic Profit, for any Performance Period, means the difference between (a) the Company’s Non-Pension Operating Income and
(b) the product of (i) Weighted Average Cost of Capital and (ii) Controllable Capital. 

  

	1.18	 Good Reason shall have the meaning set forth in an Individual Agreement. For the avoidance of doubt, (a) if there is no Individual
Agreement or if it does not define Good Reason, the provisions applicable to a resignation for “Good Reason” under the Plan shall not apply to the Participant and (b) “Good Reason” shall not apply to a Participant under the
Plan by virtue of its application to a Participant following a Change in Control under the Company’s Amended and Restated Change in Control Severance Plan. 

 

	1.19	 Individual Agreement means an employment, consulting or similar agreement between a Participant and the Company or one of its subsidiaries or
affiliates. 

  

	1.20	 Non-Pension Operating Income means the Company’s net revenue before pension income and expenses, less product and service costs and
marketing, selling, general and administrative, research, and development expenses, after accrual of any amounts for payment under the Plan for the Performance Period and any other Company plan where its terms so provide, adjusted to eliminate the
effects of charges for restructurings, discontinued operations, extraordinary items and other unusual or non-recurring items, and the cumulative effect of tax or accounting changes, each as defined by generally accepted accounting principles or
identified in the Company’s financial statements, notes to the financial statements or management’s discussion and analysis. 

  

	1.21	 Participant means any employee of the Company or any of its subsidiaries or affiliates who is selected by the Committee to participate in the
Plan. 

  

	1.22	 Performance Period means the calendar year designated by the Committee pursuant to Section 3.1 of the Plan during which the achievement
of the performance goals is to be measured. 

  

	1.23	 Plan means this NCR Corporation 2011 Economic Profit Plan. 

 

	1.24	 Retirement means termination of employment with the Company or a subsidiary or affiliate when a Participant is age 55 or older.

  

	1.25	 Weighted Average Cost of Capital means the sum of (a) the product of (i) the cost of equity and (ii) the weighted market value
of common shares outstanding and (b) the product of (i) the cost of debt and (ii) the weighted market value of the long-term debt and short-term debt. 

  
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 ARTICLE II 
 Eligibility and Participation 
 The Committee shall, in its
sole discretion, determine for each Performance Period those individuals who shall be Participants in the Plan for such Performance Period, subject to Section 4.1, no later than the earlier of 90 days after the beginning of each Performance
Period or the expiration of twenty-five percent (25%) of such Performance Period. The Committee shall notify an individual that he or she is a Participant in the Plan for a Performance Period by providing such individual with an Award Statement
for such Performance Period. Participation in the Plan by any Participant during any Performance Period shall not entitle a Participant to participation in the Plan during any subsequent Performance Period. 

ARTICLE III 
 Bonuses 
  

	3.1	 Bonus Credit Awards. For each Performance Period, a Participant will be eligible to earn a Bonus Credit, which will equal a
specified percentage of Economic Profit for such Performance Period. The Committee shall, subject to Section 4.1, no later than the earlier of 90 days after the beginning of each Performance Period or the expiration of twenty-five percent
(25%) of such Performance Period, (a) affirm the applicability of Economic Profit as the performance criterion for such Performance Period, and (b) determine the pre-established percentage of Economic Profit that each Participant will
be eligible to earn as a Bonus Credit under the Plan, subject to the individual maximum amounts described in the final sentence of this Section 3.1. A Performance Period shall be determined by the Committee and set forth in each
Participant’s Award Statement. The maximum percent of Economic Profit that may be earned by any Participant as a Bonus Credit for a particular Performance Period is five percent (5%). 

 

	3.2	 Determination of Bonus Credit Amount. Following the close of each Performance Period, the Committee will certify in writing as to the
attainment of Economic Profit for the Performance Period. Once the amount of Economic Profit is determined and by no later than March 15 after the end of the Performance Period, a Bonus Credit shall be credited to a Participant’s Bonus
Bank for the Performance Period, and the determination of the Committee will be final and binding. The Bonus Credit for any Participant for any Performance Period may be a negative number or a positive number. If the Bonus Credit is a positive
number, the Participant’s Bonus Bank will be increased by the amount of such Bonus Credit; if the Bonus Credit is a negative number, the Bonus Bank will be decreased by the amount of such Bonus Credit, including a decrease such that the
Participant’s overall Bonus Bank balance is negative. If a Participant’s overall Bonus Bank account balance is negative as of the date a Bonus would be paid under the Plan (as described below), no Bonus will be paid to such Participant
under the Plan, but the Participant’s negative Bonus 

  
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Bank shall not reduce the amount of other compensation payable to, or offset any amount otherwise due to, such Participant. 

 

	3.3	 Discretionary Adjustment. The Committee may not increase the pre-established percentage of Economic Profit that may be credited to any
Participant’s Bonus Bank under the Plan for a Performance Period, but it retains the authority to reduce the Bonus Credit to be credited to a Participant’s Bonus Bank under the Plan for a Performance Period or otherwise to reduce a
Participant’s Bonus Bank. The Committee may establish factors to take into consideration in implementing its discretion, including, but not limited to, corporate or business unit performance against budgeted financial goals (e.g.,
operating income or revenue), achievement of non-financial goals, economic and relative performance considerations and assessments of individual performance. 

 

	3.4	 Payment of Bonus. Except as otherwise determined by the Committee and set forth in a Participant’s Award Statement, subject to a
Participant’s continued employment through the date on which a Bonus is paid, a Participant will be paid in cash in a lump sum on each August 1 commencing on August 1, 2012 a Bonus in an amount equal to thirty-three percent
(33%) of the Participant’s then-current Bonus Bank. Notwithstanding the foregoing, (a) if the Company’s Cash Flow From Operations for the year immediately preceding the year in which a Bonus would otherwise be paid (after accrual
of any amounts earned under the Plan for such year) is not equal to or in excess of one percent (1%) of the Company’s total revenues for such prior year (the “Cash Flow Test”), no Bonus will be paid under the Plan for such
year and the amount that otherwise would have been paid in such year shall continue to be included in the Participant’s Bonus Bank, without interest, and payable in accordance with the terms of the Plan and (b) if a Participant would
receive a Bonus or Bonuses under the Plan in excess of $10 million dollars in the aggregate in any calendar year, the amount of the Bonus or Bonuses in excess of $10 million will not be paid under the Plan in such year and the amount in excess of
$10 million that otherwise would have been paid in such year shall continue to be included in the Participant’s Bonus Bank, without interest, and payable in accordance with the terms of the Plan. 

ARTICLE IV 

New Hires, Promotions and Terminations 
  

	4.1	 New Participants During the Performance Period. If an individual is newly hired or promoted during a Performance Period and is
designated by the Committee to become a Participant for such Performance Period, he or she shall be eligible for a Bonus Credit under the Plan for the Performance Period, prorated for the portion of the Performance Period following the date of his
or her designation to become a Participant in the Plan. 

  

	4.2	 Termination of Employment. Except as otherwise provided below, a Participant will immediately forfeit his or her entire Bonus Bank and
any right to any future Bonus Credits upon a termination of employment. 

  
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	4.3	 Termination by the Company without Cause or for Disability/By Participant for Good Reason or Retirement. If a Participant’s
employment is terminated by the Company without Cause or by reason of Disability or a Participant resigns for Good Reason or terminates employment by reason of Retirement, the Participant will be credited with a Bonus Credit, if any, for any
Performance Period or portion thereof during which the Participant participated in the Plan but for which the Participant has not yet received a Bonus Credit through the end of the quarter in which the termination occurs. The Participant will be
paid the Applicable Percentage of the Participant’s Bonus Bank (with the amount of the Bonus Bank determined after the Participant’s Bonus Bank is credited with Bonus Credits pursuant to the immediately preceding sentence) in four equal
installments on each of the first four six-month anniversaries of the Participant’s termination of employment without regard to the limitations described in the last sentence of Section 3.4, and any remaining portion of the Bonus Bank
shall be forfeited. Notwithstanding the foregoing, if the Cash Flow Test is not met for the year immediately preceding the year in which any such termination occurs, the Participant’s first installment payment will be delayed and will continue
to be held in the Participant’s Bonus Bank, without interest, until the second installment payment is due, at which time the first and second installment payments will be paid to the Participant. The Participant’s remaining installment
payments will be made at the normal times set forth in this Section 4.3. 

  

	4.4	 Death. Upon a termination by reason of the Participant’s death, the Participant will be credited with a Bonus Credit, if any, for
any Performance Period or portion thereof during which the Participant participated in the Plan but for which the Participant has not yet received a credit through the end of the quarter in which the termination by reason of death occurs. The
Participant will be paid in a lump sum within 30 days of the date of termination by reason of death the Participant’s entire Bonus Bank in cash (with the amount of the Bonus Bank determined after the Participant’s Bonus Bank is credited
with Bonus Credits pursuant to the immediately preceding sentence) without regard to the limitations described in the last sentence of Section 3.4. 

 ARTICLE V 
 Payment Upon Change in Control 

Upon a Change in Control, each Participant will be credited with a Bonus Credit, if any, for any Performance Period or
portion thereof during which such Participant participated in the Plan but for which such Participant has not yet received a credit through the effective date of the Change in Control. Notwithstanding any provision of the Plan to the contrary, each
Participant will be paid in a lump sum within 30 days of the Change in Control the Participant’s entire Bonus Bank in cash (with the amount of the Bonus Bank determined after the Participant’s Bonus Bank is credited with Bonus Credits
pursuant to the immediately preceding sentence) without regard to the limitations described in the last sentence of Section 3.4; provided, however, that such payment shall be made upon the Change in Control only if such Change in
Control also constitutes a “change in control event” within the meaning of Section 409A of the Code and shall otherwise be made on the first payment event to occur pursuant to Section 3.4 or Article IV;

  
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provided, further that, with respect to any Participant (a) whose employment has terminated prior to the Change in Control and (b) who is a “specified employee”
within the meaning of Section 409A of the Code (as determined in accordance with the methodology established by the Company as in effect on the date of the Participant’s “separation from service” (within the meaning of
Section 409A of the Code), amounts that constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code that would otherwise be payable under the Plan under this sentence during the six-month period
immediately following the separation from service shall instead be paid on the first business day after the date that is six months following the separation from service or, if earlier, the Participant’s death. 

ARTICLE VI 

Restrictive Covenants 
  

	6.1	 Bonus Credits and Bonus Bank Payments Subject to Compliance with Restrictive Covenants. In exchange for the opportunity to participate
in the Plan, the Participant will not, during employment with the Company and for a 12-month period after the Participant’s termination of employment (or if applicable law mandates a maximum time that is shorter than 12 months, then for a
period of time equal to that shorter maximum period), regardless of the reason for the Participant’s termination, directly or through others, without the prior written consent of the Chief Executive Officer of the Company: (a) render
services directly or indirectly to, or become employed by, any Competing Organization (as defined in this Article VI) to the extent such services or employment involves the development, manufacture, marketing, advertising, sale or servicing of any
product, process, system or service which is the same or similar to, or competes with, a product, process, system or service manufactured, sold, serviced or otherwise provided by the Company, its subsidiaries or affiliates, to its customers and upon
which the Participant worked or in which the Participant participated during the last two years of employment; (b) directly or indirectly recruit, hire, solicit or induce, or attempt to induce, any exempt employee of the Company, its
subsidiaries or affiliates, to terminate his or her employment with the Company, its subsidiaries or affiliates, or otherwise cease his or her relationship with the Company, its subsidiaries or affiliates; or (c) solicit the business of any
firm or company with which the Participant worked during the preceding two years while employed by the Company, including customers of the Company, its subsidiaries or affiliates. If the Participant breaches the terms of this Section 6.1,
Participant agrees that in addition to any liability Participant may have for damages arising from such breach, any outstanding Bonus Credits and any amounts in the Participant’s Bonus Bank (or to be credited to the Participant’s Bonus
Bank) will be immediately forfeited, and Participant will repay to the Company any Bonus Bank payments made during the twelve months prior to the date of termination of employment. 

 

	6.2	 Competing Organization. As used in this Article VI, “Competing Organization” means an organization identified as a
Competing Organization by the Chief Executive Officer of the Company for the year in which Participant’s employment with the Company terminates, and any other person or organization that is engaged in or about to become engaged in research on
or development, production, marketing, leasing, selling or servicing of a 

  
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product, process, system or service which is the same or similar to or competes with a product, process, system or service manufactured, sold, serviced or otherwise provided by the Company to its
customers. The list of Competing Organizations identified by the Chief Executive Officer is maintained by the Company’s Law Department. 
 ARTICLE VII 
 Miscellaneous 

 

	7.1	 Withholding Taxes. The Company shall have the right to make payment of Bonus Credits net of any applicable federal, state and local
taxes required to be withheld, or to require the Participant to pay such withholding taxes. If the Participant fails to make such tax payments as required, the Company shall, to the extent permitted by law, have the right to deduct any such taxes
from any payment of any kind otherwise due to such Participant or to take such other action as may be necessary to satisfy such withholding obligations. 

 

	7.2	 Nontransferability. No Bonus Credit may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, including
assignment pursuant to a domestic relations order, during the time in which the requirement of continued employment or attainment of performance objectives has not been achieved. Each Bonus Credit shall be paid during the Participant’s lifetime
only to the Participant, or, if permissible under applicable law, to the Participant’s legal representatives. No Bonus Credit shall, prior to receipt thereof by the Participant, be in any manner liable for or subject to the debts, contracts,
liabilities, or torts of the Participant. 

  

	7.3	 Administration. The Committee shall administer the Plan, interpret the terms of the Plan, amend and rescind rules relating to the Plan,
and determine the rights and obligations of Participants under the Plan. The Committee may delegate any of its authority as it solely determines and for all purposes of the Plan such delegate shall be deemed to be the “Committee” for all
purposes of the Plan. In administering the Plan, the Committee may at its option employ compensation consultants, accountants and counsel and other persons to assist or render advice to the Committee, all at the expense of the Company. Any
determinations made by the Committee under the Plan shall be final, binding and conclusive on the Company, its affiliates, subsidiaries and their respective stockholders and each Participant in the Plan for all purposes. The provisions of the Plan
are intended to ensure that all amounts paid hereunder qualify for the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code, and the Plan shall be
interpreted and operated consistent with that intention. 

  

	7.4	 Severability. If any provision of the Plan is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or
would disqualify the Plan under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the
Committee, materially altering the purpose or intent of the Plan, 

  
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such provision will be stricken as to such jurisdiction, and the remainder of the Plan shall remain in full force and effect. 

 

	7.5	 No Fund Created. Bonuses shall be paid from the general funds of the Company and no special or separate fund shall be established or
other segregation of assets made to assure payment. Neither the Plan nor any Bonus Credit shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and a Participant or any other
person. To the extent that any person acquires a right to receive a Bonus, such right shall be no greater than the right of any unsecured general creditor of the Company. For the avoidance of doubt, the Bonus Bank shall in no event be eligible to
earn interest. 

  

	7.6	 Employment at Will. Neither the adoption of the Plan, eligibility of any person to participate, nor payment of an Bonus Credit to a
Participant shall be construed to confer upon any person a right to be continued in the employ of the Company. The Company expressly reserves the right to discharge any Participant whenever in the sole discretion of the Company its interest may so
require. 

  

	7.7	 Amendment or Termination of the Plan. The Committee reserves the right to amend, modify, suspend or terminate the Plan at any time,
provided that no such amendment, modification, suspension or termination shall impair the rights of any Participant with respect to an outstanding Bonus Bank without his or her consent, except for amendments made to cause the Plan to comply
with applicable law, stock exchange rules or accounting rules. The Committee may terminate the Plan (including by reason of the Committee’s determination not to designate a Performance Period pursuant to the terms and conditions of
Section 3.1 of the Plan), in which case Participants’ Bonus Bank account balances may be distributed in accordance with Treas. Reg. 1.409A-3(j)(4)(ix) promulgated under Section 409A of the Code. 

 

	7.8	 Non-Exclusivity of Plan. Neither the adoption of the Plan by the Board of Directors nor the submission of the Plan to stockholders of
the Company for approval shall be construed as creating any limitations on the power of the Board of Directors of the Company or the Committee to adopt such other incentive arrangements as either may deem desirable, including, without limitation,
cash or equity-based compensation arrangements, either tied to performance or otherwise. 

  

	7.9	 Dispute Resolution. The Plan and any agreements hereunder shall be interpreted in accordance with the laws of the State of Maryland and
applicable federal law. Any controversy or claim related in any way to the Plan shall be resolved by arbitration pursuant to this Section 7.9 and the then current rules of the American Arbitration Association. The arbitration shall be held in
New York, New York, before an arbitrator who is an attorney knowledgeable of employment law. The arbitrator’s decision and award shall be final and binding and may be entered in any court having jurisdiction thereof. The arbitrator shall not
have the power to award punitive or exemplary damages. Issues of arbitrability shall be determined in accordance with the federal substantive and procedural laws relating to arbitration; all other aspects shall be interpreted in accordance with the
laws of the State of 

  
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Maryland. Each party shall bear its own attorneys’ fees associated with the arbitration and other costs and expenses of the arbitration shall be borne as provided by the rules of the
American Arbitration Association. 
  

	7.10	 Section 409A. It is intended that the Plan shall comply with Section 409A of the Code (and any regulations or other guidance
issued thereunder) to the extent the Plan is subject thereto, provided that the Company shall have no liability for any taxes that may be imposed on the Participant by reason of the application of Section 409A of the Code. For the
purposes of the Plan, “termination of employment” means the Participant ceases to be employed by the Company for any reason, provided that such cessation of employment constitutes a “separation from service” within the
meaning of Section 409A of the Code. Notwithstanding the foregoing provisions of the Plan, in the event that the Participant is a “specified employee” within the meaning of Section 409A of the Code (as determined in accordance
with the methodology established by the Company as in effect on the date of the Participant’s “separation from service” (within the meaning of Section 409A of the Code), amounts that constitute “nonqualified deferred
compensation” within the meaning of Section 409A of the Code that would otherwise be payable under the Plan during the six-month period immediately following the separation from service shall instead be paid on the first business day after
the date that is six months following the separation from service. Each distribution under the Plan shall be treated as a separate payment for purposes of Section 409A of the Code. In no event shall the Participant, directly or indirectly,
designate the calendar year in which Bonus Bank payments will be made. The Plan may be amended, without the consent of the Participant, in any respect deemed by the Committee to be necessary in order to preserve compliance with Section 409A of
the Code. 

  

	7.11	 Compensation Recovery Policy. Bonuses, Bonus Credits and Bonus Banks shall constitute “Covered Incentive Compensation” subject
to the terms of the Company’s Compensation Recovery Policy, as the same may be in effect from time to time (the “Compensation Recovery Policy”). Accordingly, notwithstanding any other provision of the Plan to the contrary, a
Participant may be required to forfeit or repay any or all of the Participant’s Bonuses, Bonus Credits and Bonus Bank pursuant to the terms of the Compensation Recovery Policy. Further, the Company may, to the extent permitted by law, enforce
any repayment obligation pursuant to the Compensation Recovery Policy by reducing any amounts that may be owing from time-to-time by the Company to the Participant, whether as wages, severance, vacation pay or in the form of any other benefit or for
any other reason, subject to Section 409A of the Code. 

  
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 IN WITNESS WHEREOF, the Company has caused the Plan to be executed on
this              day of             , 2011. 

 

			
	FOR NCR CORPORATION
		
	By	 	  

		 	 Andrea Ledford
 Senior Vice
President
 Global Human Resources

  
 12English Translation of Lease Contract

 Exhibit 4.55 
 English Translation 
 Normal Building of Shanghai Chinalong Industrial Town

 Lease Contract 
 QL-ZLHT 2010-058 
 This contract is made by and between: 

Party A: Shanghai Chinalong Industrial Development Co., Ltd. 
 Legal Address: 889 Yishan Road, Shanghai, China 
  

			
	Tel: 64854680	  	64850557
		
	Fax: 64854980	  	Business License:

 Party B: Shanghai Mecox Lane
Information Technology Co., Ltd. 
 Legal Address: 
  

			
	Tel:	  	
		
	Fax:	  	Business License:

 Whereas, Party A has entered into the
Grant Contract of Land Use Right (“Grant Contract”) with the former Shanghai Land Administrative Bureau, under which Party A has obtained the right to use the land located at B7-B10 of Shanghai Caohejing New Technology Development Park for
50 years. Party A was also approved to build the Shanghai Chinalong Industrial Town (“Industrial Town”) on the above land, with normal plants which can be legally leased out. 
 Whereas, to meet its business needs, Party B requests to lease the normal plant of Party A to conduct its businesses within the scope prescribed in this Contract. Party B has presented the related
certifications to Party A. Therefore, on the basis of equality voluntariness, fairness and integrity and in accordance with relevant laws and regulations, both parties agree as follows after negotiation: 

Article 1 Basic Information about the Premise 

1-1 The premise which Party A leases out to Party B is located at 2nd Floor and Unit E on 5th Floor, Building 3 of Shanghai Chinalong Industrial Town, 889
Yishan Road, Xuhui District, Shanghai (the “Premise”). The total construction area of the Premise is 4299.73 square meters, that of 2nd Floor of the Building 3 is 3487.67 square meters and that of Unit E on 5th Floor is 812.06 square
meters, with the land use of leased land. The type of the Premise is reinforced concrete, and the structure of the Premise is framework. 

 1-2 The existing decoration, ancillary facilities and equipment situation of the Premise are set forth by
both parties in Attachment 5 of this Contract. Both parties agree that this Attachment 5 shall be regarded as the acceptance criteria when Party A delivers the Premise to Party B and, upon the termination of this Contract, Party B returns the
Premise to Party A. 
 Article 2 Purpose of the Lease 
 2-1 Party B leases the Premise for the purpose of conducting mail order and exhibition businesses and providing the offices for the management personnel to conduct such businesses. Party B conducts such
business activities subject to the approval by the related industry and commerce administrative departments and the requirements for environmental protection of Shanghai Caohejing New Technology Development Park, the provisions in the Grant Contract
and Attachment 1 “Convention of Shanghai Chinalong Industrial Town” of this Contract. Party B shall not use the Premise for any other purpose without the written consent by Party A. 
 2-2 Party B ensures that Party B shall not change the purpose of the Lease as above agreed without the written consent by Party A during the term of the lease. 

Article 3 Delivery Date and Lease Term 
 3-1
Both parties agree that Party A shall deliver the Premise to Party B before the date of     /     in accordance with the conditions set forth in the Attachment 5 of this Contract. 

3-2 The lease term shall be two years starting from March 1st 2011 and ending on February 28th 2013. Party B shall pay the rent starting from March 1st 2011. 
 3-3
In the event that Party B is willing to renew the lease, Party B shall give a written notice to Party A three months prior to the expiring date of the lease term, otherwise, Party B shall be regarded as no intention of such renewal. If Party A
agrees with Party B’s request for renewal, Party A shall inform Party B through a written notice for going through renewal procedures and entering into a new lease contract. The rents and lease term of the renewal shall be re-prescribed in the
new lease contract. 

 Article 4 Deposit 
 4-1 To ensure the full performance of this Contract by Party B, Party B shall pay to Party A a lease deposit in the amount of RMB823935.75, equal to the rents of three months, on the date when this
Contract is entered into. 
 4-2 During the lease term, the above deposit shall not be used to offset the rents or other fees payable by Party B
under this Contract. 
 4-3 In the event that Party B terminates the lease prior to the expiration, Party B shall give Party A a written notice
three months in advance. Such termination shall be subject to the approval of Party A in written form. Party B shall nevertheless be regarded as breaching this contract, and the deposit will not be returned to Party B. 

4-4 In the event that, due to Party B’s reasons, Party B fails to accept the Premise within two weeks after the date on which the lease starts upon
twice written notices by Party A, Party A is entitled to terminate this Contract upon a written notice and to expropriate the deposit paid by Party B as compensation. In the event that, due to Party A’s reasons, Party A fails to deliver the
Premise within 2 weeks after the date on which the lease starts upon twice written notices by Party B, Party B is entitled to terminate this Contract, and Party A must double return the deposit already paid by Party B. 

Article 5 Rents and Calculation 
 5-1 The rent
shall be RMB2.1 per pay per square meter (the construction area) during the lease term from March 1st 2011 till February 28th 2013. Party B shall pay the average rent of RMB274645.25 per month to Party A if the annual rent is calculated
based on 365 days. Party B shall pay one more day’s rent in February of the leap year. 
 5-2 In the event that this Contract is terminated
prior to expiry date due to Party B, any actual lease term equal to or less than 15 days shall be regarded as half a month, while any actual lease term more than 15 days shall be regarded as one month. 

5-3 During the term of this Contract, either party shall not change the rent for any reason no matter whether the market price increases or decreases,
otherwise, it shall be regarded as breaching this Contract and shall bear the liabilities pursuant to Article 11-2 hereof. 

 Article 6 Other Fees 
 Besides the rent, Party B shall also pay or bear the following fees: 
 6-1 Management Fees: Party
B shall comply with the provisions of “Convention of Shanghai Chinalong Industrial Town” and pay the management fees according to the lease area. The management fees shall tentatively be RMB2.80 per month per square meter (construction
area) and can be properly adjusted each year with the increase rate not more than 20% per year. 
 6-2 Charges for water and electricity:
Party B shall pay the water and electricity fees according to its actually consumed volume shown by relevant meters. The public water and electricity fees actually consumed should be allocated and born in proportion to the lease area. Party A shall
issue the bill to Party B on a monthly basis, and Party B shall make the full payment within one week upon receiving the bill issued by Party A. 
 6-3 Telephone Charges: Party B shall pay the telephone fees according to Attachment 3 of this Contract “Telephone Lease or Purchase Agreement of Shanghai Chinalong Industrial Town.” 

6-4 Parking Fees: Party B shall comply with the provisions of Attachment 4 of this Contract “Parking Agreement of Shanghai Chinalong Industrial
Town” and pay the parking fees accordingly. 
 6-5 Urban network service fees for fire alarm system shall tentatively be RMB0.25 per month
per square meter (construction area). 
 6-6 Party B shall directly apply to the related departments for the supply of water, electricity and
communication at its own expenses. Any municipal public infrastructure for Party B’s special needs or specially constructed can be constructed by Party B upon the consent of Party A or by Party A upon Party B’s entrustment, at the expenses
of Party B. 
 Article 7 Payment 
 7-1
Party B shall pay all the rents and other fees payable to Party A specified in this Contract and its attachments to the account designated by Party A or in other ways agreed by Party A. 
 7-2 The rent and management fees for the first month shall be paid within five days before the starting date of the tenancy. Party B shall pay the rent and management fees of the next month on the 25th
day of each month. 

 7-3 Party B shall bear a penalty of 0.1% of the amount payable for each day of delay payment of any rents
and fees specified in this Contract and its attachments. 
 Article 8 Decorating and Maintenance 

8-1 Party B shall make reasonable use of the Premise. In case it intends to re-decorate, such as refurbishing the ceiling, spray, smoke detector, terrace,
walls, entries and separations, it shall make such redecoration without damaging the safe structure of the Premise. Such decoration may only be carried out with its blueprint approved by property department and relevant authority such as fire
control and environmental control department. Party B shall forward a copy of the blueprint and approvals to Party A for files. In the event of any economic losses and goodwill damage inflicting Party A arising out of Party B’s decoration
without the approval of Party A and relevant authorities, Party B shall compensate Party A has the right to terminate this Contract in case Party B substantially damage the Premise. 
 8-2 Party B shall decorate and maintain the Premise and ancillary facilities at its own expenses, provided that Party B shall inform Party A half a month prior to the commencement of the work and obtain
the consent of Party A. 
 8-3 All costs incurred from the above-mentioned projects or construction shall be born by Party B. Party B, as well
as the users, contractors, constructors or any other related persons shall comply with the provisions in the Attachment 2 “Rules Regarding the Re-decoration by Owners or Clients After Purchasing or Renting Plants of Chinalong Industrial
Town” and shall not bring forth any encumbrance or impact on Party A or any third parties. 
 8-4 Party A and other related persons are
entitled to, upon a prior notice to Party B, access to the Premise for inspection and operation due to the requirements of maintenance, cleaning, burglar proof, fire-fighting, rescuing or other management activities for the building or its ancillary
facilities. In the event that Party A has no time for the notice due to emergency, it can take proper measures first and inform Party B afterwards immediately. Party B shall provide aid and support for the above operations or measures of Party A. In
the event that the use of the Premise or public area is partly or wholly impacted by any other lessee inside the Industrial Town, Party A shall coordinate with such lessee for rectification and compensation of Party B’s losses. 

 8-5 As the pipe well is only used for the installation of central air-conditioner, drains, power supply and
telecom, Party B shall not place any goods on it or use it for other purposes. Otherwise, Party B shall bear all the consequences incurred thereby. 
 Article 9 Force Majeure 
 9-1 Neither party shall be liable for breach of this Contract by failing
to perform or delaying the performance of this Contract due to force majeure such as natural disaster, floods, storms, earthquakes, wars or any other exceedingly odious natural factors or any other circumstances which cannot be foreseen, avoided or
conquered. 
 Article 10 Responsibilities of Party B 
 Besides the stipulations of this Contract and the attachments hereto, the following shall also be abided by Party B: 
 10-1 Party B shall undertake to repair the Premise and compensate for the damages or losses of the Premise. Otherwise, Party A is entitled to conduct such repair at the expenses of Party B. 

10-2 Party B is responsible for the repair and compensation of the damage or loss of the Premises listed in this Contract and attachments, if any. Party
A has the right to recover with all the expenses charged to Party B in the event Party B fails to fulfill the obligation of repair. 
 10-3 Party B shall not overload the floor of the Premise. The load limit is 1000 Kg per square meter for the 1st floor and semi-underground and 500 Kg per square meter for other floors. Party B shall be liable for the structural
damage of the Premise due to its breach of this article. 
 10-4 Party B shall not subleases the Premise or change the structure or the usage of
the Premise without the consent of Party A. Party A has the right to terminate this Contract and take back of the Premise and claim for the liabilities of breach of contract of Party B. 
 10-5 In case of any obstructing or impact on Party A or any third party intentionally or negligently caused by Party B or the users, contractors or any other related persons, Party B shall be liable for
the compensation. There is no equipment can be placed on the roof except the trestle of air-conditioner. 

 10-6 Party B shall neither block the fire channel or dispersal corridors nor occupy public areas like
elevator halls, corridors, path, green land and car-parks when using the Premise. Party B shall not damage the greenings. 
 10-7 During the
tenancy, Party B shall comply with laws and regulations regarding fire-control, environmental protection, quarantine, etc., especially the “Fire Control Law of the People’s Republic of China” and the requirements for environmental
protection of Shanghai Caohejing New Technology Development Park. Party B shall cooperate with Party A in the efforts of fire control and environmental protection. In the event that the fire control is not qualified or high level wastes occur, Party
B shall bear all the liabilities. Party B shall undertake the responsibilities of fire control within the Premise, including appointing the manager of fire control, preparing the relevant working plans, ensuring the fire equipment within the Premise
properly operated, replacing the expired extinguisher timely. Party B shall not damage the fire control equipments for the public areas. 
 10-8
Party B shall ensure the safety and firmness of outer equipments of air-conditioners and its trestle. Party B shall regularly conduct the inspection on its safety and firmness in order to avoid any drop of such equipment. In the event that any
accidents occur due to the drop of such equipment, Party B shall be liable for the compensation. 
 10-9 The floor of the Premise is not
water-proof and shall be kept dry during the working process. If any part of test area needs to use water, Party B shall take measures to keep the pipes and floors waterproof. In case of any damages caused by Party B to other lessee downstairs due
to water leakage, Party B shall undertake all the liabilities incurred. 
 Article 11 Termination of the Contract 

11-1 If any of the following events of Party B occurs, Party A is entitled to terminate this Contract and evict all the properties that Party B placed in
the Premise to anywhere outdoors, without being responsible for any loss of such properties. Besides, Party A reserves the right to claim for compensation. For the following items 1 and 2, Party A is entitled to expropriate the deposit. 

 

	1)	Delay to make payment for rents or other fees due for 30 days (the penalty for delay payment shall be paid according to relevant provisions); 

	2)	Any breach of this Contract and its attachments; 

  

	3)	Bankruptcy, dissolution or declaration of the property escrow; 

  

	4)	Apparent false or dishonest activities or facts like overdue payment of fees for electricity power, telecom or anything else. 

11-2 In the event that Party B intends to terminate the Contract earlier than the expiring date of the tenancy, Party B shall give Party A a written
application and obtain the written approval of Party A. If this Contract is terminated in accordance with the above provision, the deposit shall not be refunded to Party B and a penalty in the amount of 30% of the remaining part of the total lease
price of this Contract shall be paid to Party A by Party B. 
 11-3 In the event that either party terminates in accordance with the terms of
this Contract due to the breach of contract by the other party, this Contract shall terminates upon the consent of the other party or the confirmation by arbitration and people’s court. 
 11-4 This Contract shall terminate automatically in the event that the Premise is wholly or partially damaged due to natural disasters or other force majeure events which lead that Party B can not
continue to use the Premise. 
 11-5 Party A has the right to terminate this Contract if Party B incurs damage to the Premise in the decoration
and claim for the liabilities of breach of contract of Party B. 
 11-6 Party A has the right to terminate this Contract prematurely and claim
for the liabilities of breach of contract of Party B if Party A subleases the Premise or change the usage of the Premise without consent of Party A. 
 11-7 The rent and other confidential information related to this Contract shall be kept confidential by Party B. 
 11-8 In the event that this Contract needs to be cancelled before the starting date of the rental due to Party B’s reason, Party B shall pay Party A a penalty in the amount of the deposit.

 11-9 Upon the expiry of the tenancy, Party B shall summit to Party A the receipt of electricity and telecom fees, certificate of telephone
cancellation or moving out of the Chinalong Industrial Town and acceptance list for Premise take-over. 

 Article 12 Return of the Premise 
 12-1 Upon the expiry of the tenancy, Party B shall remove everything that belongs to Party B including inner filling-out and equipments from the Premise and make sure to reinstate the Premise. Otherwise,
Party A is entitled to take any measures to reinstate the Premise, and all the cost incurred thereby shall be born by Party B and can be deducted from the deposit if necessary. 
 12-2 Party B may leave the whole or part of the inner filing-out and equipment in the Premise when returning the Premise to Party A upon the consent of Party A. Such articles left in the Premise shall
belong to Party A and may be disposed of freely by Party A. 
 12-3 In the event that Party B fails to return the Premise in time upon the
expiry of the tenancy, Party B shall pay double rents as penalty to Party A within 30 days after the expiry date. In the event that Party B fails to move out of the Premise for more than a month after the expiry date, Party A may cut off supply of
power, water and telecom and remove all the properties of Party B in the Premise as well. Party A shall be not responsible for any loss of such properties. Party B shall pay all the removing cost and other expenses for site lease to by Party A.
Party A may take any measures it deems appropriate to take back the Premise 
 12-4 If Party B use the Premise as the official registered office
or complete the lease registration, tax registration or other registration, after the expiration or termination of this Contract, Party A will return the deposit after the demonstration of official evidence of change of address or cancellation
registration evidence, otherwise the deposit would not be refunded. If Party B delay to handle the above matters resulting Party A’s failure to lease to the third party, it shall be deemed as Party B continue occupying the Premise and Party B
shall pay the occupying fee in accordance with the rent standard. 
 12-5 Unless an agreement of extension is reached, both parties shall
jointly inspect the Premise on the termination date. Party A shall return the deposit in the original amount and currency without any interest to Party B within one week provided that Party A accepts the Premise and all the outstanding fees have
been paid by Party B. 

 12-6 If Party B fails to pay the rent in accordance with this Contract more than 30 days and Party B refuse
to return the Premise after Party A’s exercise of right of termination of this Contract, Party A has the right to take back the Premise and does not guarantee the safety of the properties in the Premise. 

Article 13 Dispute Settlement 
 13-1 Any
disputes arising from the performance of this Contract or in connection with this Contract shall be settled through good faith negotiations between the parties. If the parties are unable to resolve any dispute or claim between them through good
faith negotiation, such dispute or claim shall be resolved 1. by submitting to China International Economic Trade Arbitration Commission for arbitration or 2. by submitting to the people’s court. 

Article 14 Governing Laws and Miscellaneous 

14-1 This Contract shall be governed by the laws and regulations of the People’s Republic of China. In case of any inconsistency between this
Contract or its attachments and the laws and regulations of the People’s Republic of China, the latter shall prevail. 
 14-2 This Contract
is entered into based on the complete agreement between the parties. Any prior undertakings, agreements, or statements between the parties with respect to the subject matter hereof are all invalid. This Contract shall come into effect upon the
execution by the legal or authorized representatives of both parties. Both parties may have this contract notarized if necessary and share the cost accordingly. 
 14-3 The following attachments are the integral part of this Contract and have the equally legal effect as this Contract. 
 Attachment 1: Convention of Shanghai Chinalong Industrial Town 
 Attachment 2: Rules on
Fire-control, Security and Re-decoration 
 Attachment 3: Telephone Lease or Purchase Agreement of Shanghai Chinalong Industrial Town

 Attachment 4: Parking Agreement of Shanghai Chinalong Industrial Town 
 Attachment 5: Hand-over List for Leased Premises of Shanghai Chinalong Industrial Development Co., Ltd. 

 Attachment 6: Rules Regarding Legal and Safe Use of Premises and Underground Spaces 

Attachment 7: Fire-control Safety Responsibility Letter of Chinalong Park 
 14-4 This Contract shall be executed in four counterparts. Each party shall hold two originals. 

Party A: 
 Shanghai Chinalong Industrial
Development Co., Ltd. 
 [seal: Shanghai Chinalong Industrial Development Co., Ltd.] 
 Legal Representative or Authorized Representative: 
 Date: 

Party B: 
 Shanghai Mecox Lane Information
Technology Co., Ltd. 
 [seal: Shanghai Mecox Lane Information Technology Co., Ltd.] 
 Legal Representative or Authorized Representative: 
 Date: 

 Convention of Shanghai Chinalong Industrial Town 

This convention is made under the spirit of the related laws and regulations of the state and Shanghai, for the purpose of enhancing the management of
the Industrial Town, keeping good appearance of the properties, protecting legal interests of all lessees and creating a comfortable, safe, clean, elegant working environment. 
 Section 1 General Provisions 
 Article 1 The property management department of Shanghai
Chinalong Industrial Development Co., Ltd. is responsible for the property management of the Industrial Town, managing the buildings and public facilities in the Industrial Town in accordance with this convention. All the lessees in the Industrial
Town and related persons shall support such managing work. 
 Article 2 All parties shall fulfill and perform their respective rights, duties
and obligations and be aware of the legal liabilities and moral responsibilities for their actions. Both parties shall comply with this convention and related laws and regulations of the state and Shanghai. 

Section 2 Duties of the Management Department 
 Article 3 The management department shall work out and carry out the plans for maintenance in large scale of the premises and ancillary facilities in accordance with the laws and regulations of the state.

 Article 4 The management department is responsible for the management and operations of the Industrial Town, the daily maintenance of public
ancillary facilities, and keeping normal operation of equipment. 
 Elevators shall run from 8:00 to 20:00 everyday. At least one elevator in
each building shall work from 8:00 to 20:00 during holidays. 
 Any lessee who needs 24-hours elevator service shall obtain the approval of the
majority of the lessees in the whole building and shall agree to bear the costs incurred and give a written notice to the property management department as well. 
 Article 5 The management department shall maintain illuminations and fire-control equipments in the public areas inside the Industrial Town and keep them in good function. 

 Article 6 The management department shall keep the public areas inside the Industrial Town clean and
healthy. 
 Article 7 The management department shall maintain and manage the greenings in the public areas inside the Industrial Town.

 Article 8 The management department is responsible for the management of motor vehicles and non-motor vehicles in the Industrial Town.

 Article 9 Management personnel and security guards shall daily patrol the Industrial Town to ensure the security of the public areas in the
Industrial Town and to rectify and handle activities breaking rules. 
 Article 10 The management department will collect from the lessees the
management fees in accordance with the related provisions and charge a penalty of 0.1% of the fees payable for each day delay. If any lessee refuses to pay the water or power bill, the management department is entitled to settle it through legal
channels. The management department may claim a penalty of 0.1% of the fees payable to the breaching party. 
 Section 3 Rights and Duties
of the Lessee 
 Article 11 The fees payable by the Lessee. 
 1. Management Fees: the Lessee shall pay the management fees according to the leased area in accordance with this Convention. The management fees rate shall be calculated as RMB2.80 per month per square
meter (construction area), which can be properly adjusted every year. 
 2. Charges for water and electricity: the Lessee shall pay the water
and electricity fees according to its actually consumed volume shown by relevant meters. The public water and electricity fees actually consumed should be allocated and born in proportion to the lease area. 

3. Telephone Charges: the Lessee shall pay the telephone fees according to the “Telephone Lease or Purchase Agreement of Shanghai Chinalong
Industrial Town.” 

 4. Parking Fees: the Lessee shall comply with the provisions of “Parking Agreement of Shanghai
Chinalong Industrial Town” and pay the parking fees accordingly. 
 5. Urban network service fees for fire alarm system shall tentatively
be RMB0.25 per month per square meter (construction area). 
 6. The Lessee shall directly apply to the related departments for the supply of
water, electricity and communication at its own expenses. Any municipal public infrastructure for the Lessee’s special needs or specially constructed can be constructed by the Lessee upon the consent of the management department or by the
management department upon the Lessee’s entrustment, at the expenses of the Lessee. 
 Article 12 The Lessee shall comply with the
following provisions. 
 1. The Lessee shall comply with the fire-control law of the State, be responsible for the fire-control security within
its leased premise, and keep the fire-control devices in a good condition. 
 2. The Lessee shall support the regular inspection and maintenance
by power station, telecom station, network, water corporation and other utility departments. It is with no respect to the management department to temporarily cut off power, water or telecom due to emergency repairs or sudden breakdown of the
equipment by the utility departments. The management department shall coordinate the regular inspection and maintenance with the above-mentioned utility departments and require them to give a prior notice. 

In case of the expansion business of facilities and equipments between the Lessee and the above-mentioned utility departments, the management department
shall be responsible to coordinate. 
 3. Without approval of the related governmental department, no advertisements or symbols are allowed on
the outside wall and window except for the nameplate of the Lessee at its own portal. 
 4. If the Lessee decorates the Premise, the Lessee
shall require the constructor to go through the related procedures required by the management department and pay fees to the management department and urge the constructor to comply with rules and regulations regarding the decoration. In the event
that the constructor fails to go through procedures, the Lessee shall undertake the responsibility and shall agree that the management department can deduct the fees payable by the constructor from the deposit paid by the Lessee (detailed in
Attachment 2 of this Contract). In case of any intentionally delay or incorporation by the Lessee, the management department may interrupt the project, even cut off the power supply of the project. The Lessee shall complement the rent deposit within
a limited time upon the notice from the Lesser, otherwise, the Lessee shall undertake the corresponding liabilities. 

 No decoration shall change the structure of the building or cause damages to the entire building, e.g.,
changing the load-bearing wall, damaging the beam, or extending or removing something from the building. 
 5. As the pipe well is only used for
the installation of central air-conditioner, drains, power supply and telecom, the Lessee shall not place any goods on it or use it for other purposes. Otherwise, the Lessee shall bear all the consequences incurred thereby. 

6. The floor of the Premise is not water-proof and shall be kept dry during the working process. If any part of test area needs to use water, the Lessee
shall take measures to keep the pipes and floors waterproof. In case of any damages caused by the Lessee to other lessee downstairs due to water leakage, the Lessee shall undertake all the liabilities incurred. 

7. The Lessee shall ensure the safety and firmness of outer equipments of air-conditioners and its trestle. the Lessee shall regularly conduct the
inspection on its safety and firmness in order to avoid any drop of such equipment. In the event that any accidents occur due to the drop of such equipment, the Lessee shall be liable for the compensation. 

8. In case of any encumbrance on the regular maintenance of the adjoining building, the Lessee shall be liable for the compensation for the damages
incurred. 
 9. Garbage bags shall be placed in the designated places. The Lessee shall dispose of the industrial and project wastes out of the
Industrial Town on a timely manner or engage the management department to handle such wastes at its own expenses. 
 To prevent people from
getting hurt and keep the environment clean, garbage and debris can neither be thrown downstairs nor into the pools or sewers. If the sewer is blocked or damaged by improper use, the Lessee shall bear all repairing costs. 

 10. No Scrabbling or posting at any place within the Industrial Town. 

11. The management department and other related persons are entitled to, upon a prior notice to the Lessee, access to the Premise for inspection and
operation due to the requirements of maintenance, cleaning, burglar proof, fire-fighting, rescuing or other management activities for the building or its ancillary facilities. In the event that the management department has no time for the notice
due to emergency, it can take proper measures first and inform the Lessee afterwards immediately. The Lessee shall provide aid and support for the above operations or measures of The management department. 

12. The Lessee shall neither block the fire channel or dispersal corridors nor occupy public areas like elevator halls, corridors, path, green land and
car-parks when using the Premise. The Lessee shall not damage the greenings. 
 13. No Accommodation or raising animals in the Premise. No above
activities which will obstruct the management. 
 14. In accordance with the provision of the Fire-control Law of “no organization or
individual is allowed to occupy the fire channel,” for the purpose of maintaining the order of the parking area, the vehicles shall be parked on the platform to the north of the building 1 and building 2 with the parking license issued by the
management department. 
 Section 4 Legal Liabilities 
 Article 13 Anyone who breaches this convention shall not only correct its behavior but also compensate for the damages. 
 Article 14 Any personnel of the management department who breaches this convention shall be given a greater punishment. The management department shall be liable for the malfeasance or delinquency of its
employees, including power abuse, making trouble and malpractice and shall be liable for the compensation for the damage caused by its employees. 
 Article 15 The Lessee shall use the normal plants correctly. The load limit is 500 Kg per square meter for the normal floors and 1000 Kg per square meter for the 1st floor and semi-underground. The Lessee shall be responsible for any
consequences resulted from its breach of this article. 

 Article 16 The vehicles with parking license parking out of the designated parking places shall be charged
with the maintenance fee of RMB5-10 per vehicle per day. 
 Section 5 Supplementary 

Article 17 In case of any inconsistency between this convention and the existing laws, regulations and policies of the state, the latter shall prevail.
This convention can be revised or supplemented according to the relevant laws, regulations and policies or upon the consent by over 50% of the owners of within the Industrial Town and without violating the relevant laws, regulations and policies.

 Article 18 This convention will come into effect upon the execution and sealing by both parties. This convention shall be executed in four
counterparts. Each party shall hold two originals. 
 The management department: Shanghai Chinalong Industrial Development Co., Ltd. 

[seal: Shanghai Chinalong Industrial Development Co., Ltd.] 
 Date: 
 The Lessee: Shanghai Mecox Lane Information Technology Co., Ltd. 

[seal: Shanghai Mecox Lane Information Technology Co., Ltd.] 
 Date: 

 Attachment 2 
 Rules on Fire-control, Security and Re-decoration 
 I Lessee’s Responsibility for
Fire-control and Security 
 The Lessee in the Chinalong Industrial Town shall fully undertake its responsibility for fire-control and security
within its use scope and term in accordance with article 14 of the Fire-control Law of the state, article 15 of the municipal Fire-control Regulations, article 8 of the No.61 Decree of the Ministry of Public Security and article 6 of the No.70
Decree of the municipal government issued in 2007. 
 II Before decoration, the Lessee shall itself and urge the constructor to follow the rules
and regulations regarding fire-control and security and the decoration. 
 1. The Lessee shall obtain the approval from the fire-control bureau
and other related governmental department before re-decoration. If the re-decoration has not been submitted for approval or fails to pass the inspection and acceptance by the fire-control governmental department, the Lessee shall make rectification
according to the requirement of the fire-control governmental department, otherwise, the Lessee shall be liable for the legal consequence thereof. 
 2. Before commencement of the construction, the Lessee shall summit to the management department the copies of approval of fire-control, duplicate of blueprint, business license and qualification
certificate of the constructor, the documents of the person in charge of the construction and other workers and shall go through the procedures for the project. 
 3. The constructor shall report to the Hongmei Police Office and obtain the temporary pass from the management department. The workers shall enter or leave the Town with identity card and the pass.

 4. The constructor team shall pay RMB10,000 as building protection fee before entry. If fire-control project is not included in the
decoration contract, the constructor team for the fire-control project shall pay RMB5,000 as building protection fee as well, as guarantee of not breaching these Rules. The Lessee shall urge the constructor to compensate for damages of the building
and utilities caused by them. The compensation shall be deducted from the building protection fee. 

 5. The Lessee shall be charged with the management fee of RMB3.00 per square meter for one to two months
based on the area and term of its construction project. 
 III During the re-decoration period, the Lessee shall itself and urge the constructor
to comply with the following rules. 
 1. Rules on safety of working shall be strictly followed, and the fire-control and security shall be
ensured during the decoration period. Special kind of work shall be operated by the workers with operation certificates. No Fire without certificate of permission. The relevant economic and legal liabilities shall be born in case of consequences of
violation. 
 2. The constructor shall protect the public equipment and utilities and shall not operate the fire-control devices or elevator and
its components without permission. Otherwise, the constructor shall reinstate the premises and compensate an amount of RMB500-1000 for the economic losses incurred. 
 3. The constructor shall not destroy or damage the structure of the building, the outer wall, beams and floors. Air-conditioners shall be installed at designated places and no punching on the wall without
any permission. Otherwise, the constructor shall reinstate the premises and compensate an amount of RMB500-1000 for the economic losses incurred. 
 4. No noisy tools like air pumps and electric hammers can be used between 8:30 to 17:30 on working days. Those tools can be used only on holidays or beyond the above hours. Otherwise, the constructor
shall compensate an amount of RMB500-1000 for the economic losses incurred, upon complaint and confirm. At the same time, the management department is entitled to take measures to cut off the power to stop such operations. 

5. Building materials or machines shall enter or move out of the premises during the rest day or the night upon the approval of the management
department. The elevator shall be operated by specific personnel to carry such materials. The constructor shall not place such materials at the public areas without permission. Otherwise, the constructors shall clear off and be charged the
occupation fees based on the occupied area. 

 6. Anything shall not be thrown out of the window. Keep the work area and public area clean and healthy.
Building wastes shall be carried out of the Industrial Town at the Lessee’s expenses and the garbage shall be put into the bags and placed at designated places. No waste can be dropped in the elevator, on the stairs or in other public places,
and any such dropped waste shall be cleared off immediately. Otherwise, the clearance fee shall be charged according to the actual area with dropped waste. 
 7. The personnel of the management department and security guard of the Industrial Town may enter the working area for inspection. In case of any breach of the rules, there may be a penalty of RMB500-1000
for each time based on the actual situation. 
 IV During the re-decoration period, the Lessee shall itself and urge the constructor to comply
with the rules regarding the construction and the inspection and acceptance. 
 1. The design of the fire-control project shall be submitted to
the management department to request the design condition of the premises. The design of inner fire alarm system shall comply with the rules of the management department and be connected with the host computer of the urban fire alarm system.

 2. The operation of the sprinklers system shall be applied for and the lump sum water fees in the amount of RMB300 shall be paid by the
constructors. After that, the management department will conduct the operation in accordance with the relevant operation rules. 
 3. Newly installed or reformed fire-control pipes shall be tested by pressure at 14KG/CM2 for 2 hours without dripping or decompression. The fire-control company shall bear the costs incurred thereby.

 4. To ensure the fire-control devices in a good condition and effective, the punishment of any unpermitted operation of the sprinklers system
is as follows: 
 1) Those who operate the alarm valve without permission and have not caused the starting of sprinklers pump shall be fined
with RMB1000. 
 2) Those who operate the alarm valve without permission and have caused the starting of sprinklers pump shall be fined with
RMB2000. 

 3) Those who operate the alarm valve without permission and have caused the starting of sprinklers pump and
the leak of the sprinkler net of other lessees shall be fined with RMB3000 and shall be liable for the economic losses of the other lessees. 

4) Those who operate the alarm valve without permission and have thus caused the sprinklers pump not to work shall be fined with RMB5000 and shall be
liable for all the economic losses incurred. 
 V After the re-decoration, notice for both the Lessee and the constructor is as follows:

 1. After the completion of the project, the Lessee shall urge the constructor to provide the management with a full set of completion
documents, including opinion of design and completion by the fire-control government department, completion drawings, testing reports, records of the pressure test of the pipes and certificates of materials and equipments. 

2. After the completion of the project, the constructor shall submit a written application to the management department for inspection. If inspected and
accepted by the management department and no need for deduction of compensation, the building protection fee shall be fully refunded without interest. 
 Shanghai Chinalong Industrial Development Co., Ltd. 
  

			
	The Lessee:	  	The Fire-control Constructor:
		
	Seal:	  	Seal:
		
	Signed by:	  	Signed by:
		
	Date:	  	Date:
		
	The Decoration Constructor:	  	
		
	Seal:	  	
		
	Signed by:	  	
		
	Date:	  	

 Attachment 6 
 Rules Regarding Legal and Safe Use of Premises and Underground Spaces 
 In accordance with the
Fire-control Law of the People’s Republic of China, the Regulations on Fire-control Management of the Public Security Departments, the Civil Air Defense Law, the Regulations on Safe Use of the Underground Spaces, and clause 10-6 of the Lease
Contract or purchasing agreement signed between both parties, the rules regarding the legal and safe use of the premises and the underground spaces are as follows: 
 Article 1 After obtaining the use right of the premise and the underground space in accordance with the leasing contract or the purchasing agreement, the legal representative or other authorized person of
Party B (hereinafter referred to as “the user”) shall fully undertake the responsibility of the security of its own part in accordance with the above-mentioned laws and regulations. 
 The user shall comply with the Fire-control Law and its related regulations and shall establish inner security management policy and working plan, equip the premises with necessary fire-control devices,
conduct regular inspection, ensure the dispersal corridors and exits to be unblocked and to comply with fire-control rules, launch the training on basic skills of escaping and fire-fighting for the employees, ensure all the persons in charge of the
security with qualification, and make record of the inspection, modification and training. 
 Article 2 The user shall not damage the public
fixed fire-control devices and other utilities. In case of any damage, the user shall immediately repair or inform the management department for repair at the cost of the user. 
 In the event that the utility is severely damaged and cannot be repaired immediately, which causes damage to Party A or any other party, the user shall bear all legal liabilities and compensation for
economic losses. 
 Article 3 The user shall only re-build or re-decorate its own part in accordance with the Fire-control Law and approval from
the fire-control government department. The premise cannot be put into use unless it is approved and accepted by the fire-control department. After that, no rebuilding can be done without permission. 

 The automatic fire alarm system of the user shall be connected with the urban automatic fire alarm system.

 the premises can not be put into use without approval or being unqualified by the fire-control department. 

Article 4 The user shall not illegally produce, store or use flammable, explosive, toxic, hazardous chemicals and radioactive substances in the premises.

 Otherwise, the user shall undertake the legal liabilities and compensation for economic losses. 

Party A is entitled to terminate the leasing contract in case of any such breach of the contract by the user which causes material impact on the society.
Party A may forward a suit to protect its legal right and interests in the event that the rent deposit paid by the user is not enough to cover the losses of Party A. Party A will protect the legal rights and interests of the sufferer in the event
that any breach of contract by the user results in economic losses and social influence. 
 Article 5 During the legal use term, the user shall
give convenience to the management department on the inspection of security by the governmental departments in accordance with laws and regulations. The user shall not intentionally make troubles or hide the truth. The users shall actively rectify
various hidden trouble of security. For its own and other person’s safety, the users shall improve the security awareness, take measures to make sure the security and use the premise and the underground space in accordance with the laws.

 Seal of Party B: 
 Date:

 Attachment 7 
 Letter of Responsibility of Fire Control Security of the Users of Chinalong Zone 
 In accordance
with “Fire Control Law of the People’s Republic of China”, “Rules of the Management of Fire control Security of Society, Groups, Enterprises, Institutions” of the Public Security Department, “Rules for the
Implementation of the Management of Building Fire Protection Facilities of Shanghai”, No.47 Document of Municipal Government Office of 2004, No.16 Document of Xuhui Government Office of 2009 and other related documents, to ensure the safety of
the staff and the property of the lessee of the Chinalong Building and the Zone (hereinafter “the user”), the user and the property management service company (hereinafter “the management company”) undersign this Letter of
Responsibility of Fire Control Security. 
 To strictly comply with the laws and regulations of the State and the Government and other related
rules, the users shall jointly bear the responsibilities of fire control security as follows: 
 I, Strictly abide by reporting system of inner
decoration, ensure the fire control security of the construction site. 
  

	1.	File procedures for reporting of the decoration construction or reviewing of fire control design, fire inspection. Not illegally change the original fire control design
or lower the construction standard. 

  

	2.	No construction team may enter into the construction site without the record or review of the institutions of public security and fire control.

  

	3.	No construction of inner decoration may be put into use without the record or acceptance of fire inspection of the institutions of public security and fire control.

  

	4.	The construction site shall be equipped with fire extinguishers as required. If it needs to use fire, procedures for approval of the use of fire shall be followed with
the operating certificate in the management department. No fire can be used without approval. 

  

	5.	Establish the rules of keeping and using of the dangerous goods necessary for the construction such as paint, solvents and etc. Smoking is prohibited at the
construction site. 

  

	6.	It shall be reported to the institutions of public security and fire control for approval according the rules to use fixed fire control facilities temporarily. Not
illegally shut down or stop using fire control facilities. 

 II, Fulfill the responsibilities of fire control security, establish
and improve the rules of fire control security. 
  

	1.	Establish and improve the rules of fire control security, fulfill the responsibilities of fire control security. The legal representative or main responsible person
shall be the first person in charge of the fire control security and shall sign the letters of responsibility of fire control security with related persons. 

 

	2.	Establish the rules of fire control inspection and rectification of fire hazard. Establish the rules of training and practice of the obligatory fire brigade. Regularly
train the staff to use the alarm, put out the initial fire and learn the self-help escaping skills. Held once or twice fire control practice every year. 

	3.	Establish the rules of the management and maintenance of the fire control facilities and devices. Ensure the fire control devices in the Premises in good and effective
condition, timely replace the expired fire extinguishers. Take good care of the fire control devices in the public area. 

  

	4.	Enhance the education of fire control security, promote the knowledge of fire control security and increase awareness of fire control security.

 III, Enhance the daily management fire control security in the key part, timely rectify of fire hazard. 

 

	1.	Not occupy the path for the fire engine, comply with the rules to keep the path for the fire engine clear and smooth. Support the management of the management company
to keep the path for the fire engine clear and smooth. 

  

	2.	Daily inspect the fire control security, keep the public evacuation paths and exits clear. 

 

	3.	Regularly organize the maintenance and inspection of the fire control facilities, fire extinguishers and fire control signs and keep them in good and effective
condition. 

  

	4.	Repair immediately if any breakdown of the fire control facilities is found or upon a notice from the management company; If reparation cannot be done immediately, it
must be done within 5 working days; If it needs the supplier or the manufacturer to solve the problem, it must ensure reparation shall be done within 10 working days. 

No. of the auto fire alarm device in the user’s Premises: No.1-5, 9-68, 25-40 and 77 of 2 & 5 circuit on
2nd & 5th Floor. 

 

	5.	If any fire hazard is found in self-inspection or by fire control institution, it shall actively take measures to rectify before the deadline and ensure there will not
be a fire. If such assurance cannot be made, it shall stop using the part in danger until the hazard is rectified. And it shall keep good records for future reference. 

 IV, The user shall take the liabilities and financial responsibilities for any breach the provision above. 
 V, This letter of responsibility is made in accordance with the laws and regulations of the State and for the fire control security of the users. If there is any discrepancy between this letter and the
laws, the laws and regulations of the State shall prevail. 
 VI, This letter of responsibility shall become effective upon the seals and
signatures of both parties. This letter of responsibility has three originals, each party of the user and the management company shall hold one, the other one shall be reported to the fire control office of fire control brigade of Xuhui public
security bureau for record. 
  

			
	The Management Company:	  	The User:
	(Sign & Seal)	  	(Sign & Seal)
		
	Date:	  	Date:

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