Document:

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                                                                    EXHIBIT 10.2

                        FORM OF INDEMNIFICATION AGREEMENT

      This Indemnification Agreement (the "Agreement") is entered into as of
__________, 2007 by and between E-House (China) Holdings Limited, a Cayman
Islands company (the "Company") and the undersigned, a director and/or officer
of the Company ("Indemnitee").

                                    RECITALS

      1. The Company recognizes that highly competent persons are becoming more
reluctant to serve corporations as directors or in other capacities unless they
are provided with adequate protection through insurance or adequate
indemnification against risks of claims and actions against them arising out of
their services to the corporation.

      2. The Board of Directors of the Company (the "Board") has determined that
the inability to attract and retain highly competent persons to serve the
Company is detrimental to the best interests of the Company and its shareholders
and that it is reasonable and necessary for the Company to provide adequate
protection to such persons against risks of claims and actions against them
arising out of their services to the corporation.

      3. The Company is willing to indemnify Indemnitee to the fullest extent
permitted by applicable law, and Indemnitee is willing to serve and continue to
serve the Company on the condition that he be so indemnified.

                                    AGREEMENT

      In consideration of the premises and the covenants contained herein, the
Company and Indemnitee do hereby covenant and agree as follows:

A.    DEFINITIONS

      The following terms shall have the meanings defined below:

      Expenses shall include damages, judgments, fines, penalties, settlements
and costs, attorneys' fees and disbursements and costs of attachment or similar
bond, investigations, and any expenses paid or incurred in connection with
investigating, defending, being a witness in, participating in (including on
appeal), or preparing for any of the foregoing in, any Proceeding.

      Indemnifiable Event means any event or occurrence that takes place either
before or after the execution of this Agreement, related to the fact that
Indemnitee is or was a director or an officer of the Company, or is or was
serving at the request of the Company as a director or officer of another
corporation, partnership, joint venture or other entity, or was a director or
officer of an entity that was a predecessor of the Company or another entity at
the request of such predecessor entity, or related to anything done or not done
by Indemnitee in any such capacity.

      Participant means a person who is a party to, or witness or participant
(including on appeal) in, a Proceeding.

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      Proceeding means any threatened, pending, or completed action, suit or
proceeding, or any inquiry, hearing or investigation, whether civil, criminal,
administrative, investigative or other, in which Indemnitee may be or may have
been involved as a party or otherwise by reason of an Indemnifiable Event,
including, without limitation, any threatened, pending, or completed action,
suit or proceeding by or in the right of the Company.

B.    AGREEMENT TO INDEMNIFY

      1. General Agreement. In the event Indemnitee was, is, or becomes a
Participant in, or is threatened to be made a Participant in, a Proceeding, the
Company shall indemnify the Indemnitee from and against any and all Expenses
which Indemnitee incurs or becomes obligated to incur in connection with such
Proceeding, to the fullest extent permitted by applicable law.

      2. Indemnification of Expenses of Successful Party. Notwithstanding any
other provision of this Agreement, to the extent that Indemnitee has been
successful on the merits in defense of any Proceeding or in defense of any
claim, issue or matter in such Proceeding, Indemnitee shall be indemnified
against all Expenses incurred in connection with such Proceeding or such claim,
issue or matter, as the case may be.

      3. Partial Indemnification. If Indemnitee is entitled under any provision
of this Agreement to indemnification by the Company for a portion of Expenses,
but not for the total amount of Expenses, the Company shall indemnify the
Indemnitee for the portion of such Expenses to which Indemnitee is entitled.

      4. Exclusions. Notwithstanding anything in this Agreement to the contrary,
Indemnitee shall not be entitled to indemnification under this Agreement:

      (a) to the extent that payment is actually made to Indemnitee under a
valid, enforceable and collectible insurance policy;

      (b) in connection with a judicial action by or in the right of the
Company, in respect of any claim, issue or matter as to which the Indemnitee
shall have been adjudicated by final judgment in a court of law to be liable for
gross negligence or willful misconduct in the performance of his duty to the
Company unless and only to the extent that any court in which such action was
brought shall determine upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, the Indemnitee is
fairly and reasonably entitled to indemnity for such Expenses as such court
shall deem proper;

      (c) in connection with any Proceeding initiated by Indemnitee against the
Company or any director or officer of the Company, and not by way of defense,
unless (i) the Company has joined in or the Board has consented to the
initiation of such Proceeding; or (ii) the Proceeding is one to enforce
indemnification rights under this Agreement or any applicable law;

      (d) for a disgorgement of profits made from the purchase and sale by the
Indemnitee of securities pursuant to Section 16(b) of the Exchange Act or
similar provisions of any applicable U.S. state statutory law or common law;

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      (e) brought about by the dishonesty or fraud of the Indemnitee seeking
payment hereunder; provided, however, that the Indemnitee shall be protected
under this Agreement as to any claims upon which suit may be brought against him
by reason of any alleged dishonesty on his part, unless a judgment or other
final adjudication thereof adverse to the Indemnitee establishes that he
committed (i) acts of active and deliberate dishonesty, (ii) with actual
dishonest purpose and intent, and (iii) which acts were material to the cause of
action so adjudicated;

      (f) for any judgment, fine or penalty which the Company is prohibited by
applicable law from paying as indemnity; or

      (g) arising out of Indemnitee's breach of an employment agreement with the
Company (if any) or any other agreement with the Company or any of its
subsidiaries.

      5. No Employment Rights. Nothing in this Agreement is intended to create
in Indemnitee any right to continued employment with the Company.

      6. Contribution. If the indemnification provided in this Agreement is
unavailable and may not be paid to Indemnitee for any reason other than those
set forth in Section 4, then the Company shall contribute to the amount of
Expenses paid in settlement actually and reasonably incurred and paid or payable
by Indemnitee in such proportion as is appropriate to reflect (i) the relative
benefits received by the Company on the one hand and by the Indemnitee on the
other hand from the transaction from which such Proceeding arose, and (ii) the
relative fault of the Company on the one hand and of the Indemnitee on the other
hand in connection with the events which resulted in such Expenses, as well as
any other relevant equitable considerations. The relative fault of the Company
on the one hand and of the Indemnitee on the other hand shall be determined by
reference to, among other things, the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent the circumstances
resulting in such Expenses, judgments, fines or settlement amounts. The Company
agrees that it would not be just and equitable if contribution pursuant to this
Section 6 were determined by pro rata allocation or any other method of
allocation which does not take account of the foregoing equitable
considerations.

C.    INDEMNIFICATION PROCESS

      1. Notice and Cooperation By Indemnitee. Indemnitee shall, as a condition
precedent to his right to be indemnified under this Agreement, give the Company
notice in writing as soon as practicable of any claim made against Indemnitee
for which indemnification will or could be sought under this Agreement, provided
that the delay of Indemnitee to give notice hereunder shall not prejudice any of
Indemnitee's rights hereunder, unless such delay results in the Company's
forfeiture of substantive rights or defenses. Notice to the Company shall be
given in accordance with Section F.7 below. In addition, Indemnitee shall give
the Company such information and cooperation as the Company may reasonably
request.

      2. Indemnification Payment.

      (a) Advancement of Expenses. Indemnitee may submit a written request to
the Company requesting that the Company advance to Indemnitee all Expenses that
may be reasonably incurred by Indemnitee in connection with a Proceeding as such
Expenses are

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incurred. The Company shall, within ten business days of receiving such a
written request by Indemnitee, advance all requested Expenses to Indemnitee.

      (b) Reimbursement of Expenses. To the extent Indemnitee has not requested
any advanced payment of Expenses from the Company, Indemnitee shall be entitled
to receive reimbursement for the Expenses incurred in connection with a
Proceeding from the Company immediately after Indemnitee makes a written request
to the Company for reimbursement.

      (c) Determination by the Reviewing Party. Notwithstanding anything
foregoing to the contrary, in the event the Reviewing Party informs the Company
that Indemnitee is not entitled to indemnification in connection with a
Proceeding under this Agreement or applicable law, the Company shall be entitled
to be reimbursed by Indemnitee for all the Expenses previously advanced or
otherwise paid to Indemnitee in connection with such Proceeding; provided,
however, that Indemnitee may bring a suit to enforce his indemnification right
in accordance with Section C.3 below.

      3. Suit to Enforce Rights. Regardless of any action by the Reviewing
Party, if Indemnitee has not received full indemnification within 30 days after
making a written demand in accordance with Section C.2 above, Indemnitee shall
have the right to enforce its indemnification rights under this Agreement by
commencing litigation in any court of competent jurisdiction seeking a
determination by the court or challenging any determination by the Reviewing
Party or any aspect of the Agreement. Any determination by the Reviewing Party
not challenged by Indemnitee and any judgment entered by the court shall be
binding on the Company and Indemnitee.

      4. Assumption of Defense. In the event the Company is obligated under this
Agreement to advance any Expenses for any Proceeding against Indemnitee, the
Company shall be entitled to assume the defense of such Proceeding, with counsel
approved by Indemnitee, upon delivery to Indemnitee of written notice of its
election to do so. After delivery of such notice, approval of such counsel by
Indemnitee and the retention of such counsel by the Company, the Company will
not be liable to Indemnitee under this Agreement for any fees of counsel
subsequently incurred by Indemnitee with respect to the same Proceeding, unless
(i) the employment of counsel by Indemnitee has been previously authorized by
the Company, (ii) Indemnitee shall have reasonably concluded, based on written
advice of counsel, that there may be a conflict of interest of such counsel
retained by the Company between the Company and Indemnitee in the conduct of any
such defense, or (iii) the Company ceases or terminates the employment of such
counsel with respect to the defense of such Proceeding, in any of which events
the fees and expenses of Indemnitee's counsel shall be at the expense of the
Company. At all times, Indemnitee shall have the right to employ counsel in any
Proceeding at Indemnitee's expense.

      5. Defense to Indemnification, Burden of Proof and Presumptions. It shall
be a defense to any action brought by Indemnitee against the Company to enforce
this Agreement that it is not permissible under this Agreement or applicable law
for the Company to indemnify the Indemnitee for the amount claimed. In
connection with any such action or any determination by the Reviewing Party or
otherwise as to whether Indemnitee is entitled to be indemnified under this
Agreement, the burden of proving such a defense or determination shall be on the
Company. Neither the failure of the Reviewing Party or the Company to have made
a determination prior to the commencement of such action by Indemnitee that
indemnification is proper under the circumstances because Indemnitee has met the
standard

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of conduct set forth in applicable law, nor an actual determination by the
Reviewing Party or the Company that Indemnitee had not met such applicable
standard of conduct shall be a defense to the action or create a presumption
that Indemnitee has not met the applicable standard of conduct.

      6. No Settlement Without Consent. The Company shall not settle any
Proceeding in any manner that would impose any damage, loss, penalty or
limitation on Indemnitee without Indemnitee's prior written consent. Neither the
Company nor Indemnitee shall unreasonably withhold its consent to any proposed
settlement, provided that Indemnitee may withhold his consent if any proposed
settlement imposes any damage, loss, penalty or limitation on Indemnitee.

      7. Company Participation. The Company shall not be liable to indemnify the
Indemnitee under this Agreement with regard to any judicial action if the
Company was not given a reasonable and timely opportunity, at its expense, to
participate in the defense of such action, unless such lack of opportunity does
not result in the Company's forfeiture of substantive rights or defenses.

      8. Reviewing Party.

            (a) For purposes of this Agreement, the Reviewing Party with respect
to each indemnification request of Indemnitee shall by (A) the Board of
Directors by a majority vote of a quorum consisting of Disinterested Directors
(as hereinafter defined), or (B) if a quorum of the Board of Directors
consisting of Disinterested Directors is not obtainable or, even if obtainable,
said Disinterested Directors so direct, by Independent Counsel in a written
opinion to the Board of Directors, a copy of which shall be delivered to
Indemnitee; and, if it is determined that Indemnitee is entitled to
indemnification, payment to Indemnitee shall be made within ten days after such
determination. Indemnitee shall cooperate with the person, persons or entity
making such determination with respect to Indemnitee's entitlement to
indemnification, including providing to such person, persons or entity upon
reasonable advance request any documentation or information which is not
privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee and reasonably necessary to such determination. Any
Independent Counsel or member of the Board of Directors shall act reasonably and
in good faith in making a determination under the Agreement of the Indemnitee's
entitlement to indemnification. Any costs or expenses (including attorneys' fees
and disbursements) incurred by Indemnitee in so cooperating with the person,
persons or entity making such determination shall be borne by the Company
(irrespective of the determination as to Indemnitee's entitlement to
indemnification) and the Company hereby indemnifies and agrees to hold
Indemnitee harmless therefrom. "Disinterested Director" means a director of the
Company who is not and was not a party to the Proceeding in respect of which
indemnification is sought by Indemnitee.

            (b) If the determination of entitlement to indemnification is to be
made by Independent Counsel, the Independent Counsel shall be selected as
provided in this Section 8(b). The Independent Counsel shall be selected by
Indemnitee (unless Indemnitee shall request that such selection be made by the
Board of Directors, in which event the preceding sentence shall apply), and
Indemnitee shall give written notice to the Company advising it of the identity
of the Independent Counsel so selected. In either event, Indemnitee or the
Company, as the case may be, may, within 10 days after such written notice of
selection shall have been given, deliver to the Company or to Indemnitee, as the
case may be,

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a written objection to such selection; provided, however, that such objection
may be asserted only on the ground that the Independent Counsel so selected does
not meet the requirements of "Independent Counsel" as defined in Section 8(d) of
this Agreement, and the objection shall set forth with particularity the factual
basis of such assertion. Absent a proper and timely objection, the person so
selected shall act as Independent Counsel. If a written objection is made and
substantiated, the Independent Counsel selected may not serve as Independent
Counsel unless and until such objection is withdrawn or a court has determined
that such objection is without merit. If, within 20 days after submission by
Indemnitee of a written request for indemnification, no Independent Counsel
shall have been selected and not objected to, either the Company or Indemnitee
may petition the a court of competent jurisdiction for resolution of any
objection which shall have been made by the Company or Indemnitee to the other's
selection of Independent Counsel and/or for the appointment as Independent
Counsel of a person selected by the court or by such other person as the court
shall designate, and the person with respect to whom all objections are so
resolved or the person so appointed shall act as Independent Counsel. The
Company shall pay any and all reasonable fees and expenses of Independent
Counsel incurred by such Independent Counsel in connection with acting under
this Agreement, and the Company shall pay all reasonable fees and expenses
incident to the procedures of this Section 8(b), regardless of the manner in
which such Independent Counsel was selected or appointed.

            (c) In making a determination with respect to entitlement to
indemnification hereunder, the Reviewing Party shall presume that Indemnitee is
entitled to indemnification under this Agreement if Indemnitee has submitted a
request for indemnification in accordance with this Agreement, and the Company
shall have the burden of proof to overcome that presumption in connection with
the making by any person, persons or entity of any determination contrary to
that presumption. The termination of any Proceeding or of any claim, issue or
matter therein, by judgment, order, settlement (with or without court approval),
conviction, or upon a plea of nolo contendere or its equivalent, shall not
(except as otherwise expressly provided in this Agreement) of itself adversely
affect the right of Indemnitee to indemnification or create a presumption that
Indemnitee did not act in good faith and in a manner which he reasonably
believed to be in or not opposed to the best interests of the Company or, with
respect to any criminal Proceeding, that Indemnitee had reasonable cause to
believe that his conduct was unlawful. For purposes of any determination of good
faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee's
action is based on the records or books of account of the Company and any other
corporation, partnership, joint venture or other entity of which Indemnitee is
or was serving at the written request of the Company as a director, officer,
employee, agent or fiduciary, including financial statements, or on information
supplied to Indemnitee by the officers and directors of the Company or such
other corporation, partnership, joint venture or other entity in the course of
their duties, or on the advice of legal counsel for the Company or such other
corporation, partnership, joint venture or other entity or on information or
records given or reports made to the Company or such other corporation,
partnership, joint venture or other entity by an independent certified public
accountant or by an appraiser or other expert selected with reasonable care by
the Company or such other corporation, partnership, joint venture or other
entity. In addition, the knowledge and/or actions, or failure to act, of any
director, officer, agent or employee of the Company or such other corporation,
partnership, joint venture or other entity shall not be imputed to Indemnitee
for purposes of determining the right to indemnification under this Agreement.
The provisions of this Section 8(c) shall not be deemed to be exclusive or to
limit in any way the other circumstances in which the

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Indemnitee may be deemed to have met the applicable standard of conduct set
forth in this Agreement.

            (d) "Independent Counsel" means a law firm, or a member of a law
firm, that is experienced in matters of corporation law and neither presently
is, nor in the past five years has been, retained to represent (i) the Company
or Indemnitee in any matter material to either such party (other than with
respect to matters concerning the Indemnitee under this Agreement, or of other
indemnitees under similar indemnification agreements), or (ii) any other party
to the Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term "Independent Counsel" shall not include
any person who, under the applicable standards of professional conduct then
prevailing, would have a conflict of interest in representing either the Company
or Indemnitee in an action to determine Indemnitee's rights under this
Agreement. The Company agrees to pay the reasonable fees of the Independent
Counsel referred to above and to fully indemnify such counsel against any and
all Expenses, claims, liabilities and damages arising out of or relating to this
Agreement or its engagement pursuant hereto.

D.          DIRECTOR AND OFFICER LIABILITY INSURANCE

      1. Good Faith Determination. The Company shall from time to time make the
good faith determination whether or not it is practicable for the Company to
obtain and maintain a policy or policies of insurance with reputable insurance
companies providing the officers and directors of the Company with coverage for
losses incurred in connection with their services to the Company or to ensure
the Company's performance of its indemnification obligations under this
Agreement.

      2. Coverage of Indemnitee. To the extent the Company maintains an
insurance policy or policies providing directors' and officers' liability
insurance, Indemnitee shall be covered by such policy or policies, in accordance
with its or their terms, to the maximum extent of the coverage available for any
of the Company's directors or officers.

      3. No Obligation. Notwithstanding the foregoing, the Company shall have no
obligation to obtain or maintain any director and officer insurance policy if
the Company determines in good faith that such insurance is not reasonably
available in the case that (i) premium costs for such insurance are
disproportionate to the amount of coverage provided, or (ii) the coverage
provided by such insurance is limited by exclusions so as to provide an
insufficient benefit.

E.    NON-EXCLUSIVITY; FEDERAL PREEMPTION; TERM

      1. Non-Exclusivity. The indemnification provided by this Agreement shall
not be deemed exclusive of any rights to which Indemnitee may be entitled under
the Company's current memorandum and articles of association, applicable law or
any written agreement between Indemnitee and the Company (including its
subsidiaries and affiliates). The indemnification provided under this Agreement
shall continue to be available to Indemnitee for any action taken or not taken
while serving in an indemnified capacity even though he may have ceased to serve
in any such capacity at the time of any Proceeding.

      2. Federal Preemption. Notwithstanding the foregoing, both the Company and
Indemnitee acknowledge that in certain instances, U.S. federal law or public
policy may

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override applicable law and prohibit the Company from indemnifying its directors
and officers under this Agreement or otherwise. Such instances include, but are
not limited to, the U.S. Securities and Exchange Commission's prohibition on
indemnification for liabilities arising under certain U.S. federal securities
laws. Indemnitee understands and acknowledges that the Company has undertaken or
may be required in the future to undertake with the SEC to submit the question
of indemnification to a court in certain circumstances for a determination of
the Company's right under public policy to indemnify Indemnitee.

      3. Duration of Agreement. All agreements and obligations of the Company
contained herein shall continue during the period Indemnitee is an officer
and/or a director of the Company (or is or was serving at the request of the
Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise) and shall continue
thereafter so long as Indemnitee shall be subject to any Proceeding by reason of
his former or current capacity at the Company, whether or not he is acting or
serving in any such capacity at the time any expense is incurred for which
indemnification can be provided under this Agreement. This Agreement shall
continue in effect regardless of whether Indemnitee continues to serve as an
officer and/or a director of the Company or any other enterprise at the
Company's request.

F.    MISCELLANEOUS

      1. Amendment of this Agreement. No supplement, modification, or amendment
of this Agreement shall be binding unless executed in writing by the parties
hereto. No waiver of any of the provisions of this Agreement shall operate as a
waiver of any other provisions (whether or not similar), nor shall such waiver
constitute a continuing waiver. Except as specifically provided in this
Agreement, no failure to exercise or any delay in exercising any right or remedy
shall constitute a waiver.

      2. Subrogation. In the event of payment to Indemnitee by the Company under
this Agreement, the Company shall be subrogated to the extent of such payment to
all of the rights of recovery of Indemnitee, who shall execute all papers
required and shall do everything that may be necessary to secure such rights,
including the execution of such documents necessary to enable the Company to
bring suit to enforce such rights.

      3. Assignment; Binding Effect. Neither this Agreement nor any of the
rights or obligations hereunder may be assigned by either party hereto without
the prior written consent of the other party; except that the Company may,
without such consent, assign all such rights and obligations to a successor in
interest to the Company which assumes all obligations of the Company under this
Agreement. Notwithstanding the foregoing, this Agreement shall be binding upon
and inure to the benefit of and be enforceable by and against the parties hereto
and the Company's successors (including any direct or indirect successor by
purchase, merger, consolidation, or otherwise to all or substantially all of the
business and/or assets of the Company) and assigns, as well as Indemnitee's
spouses, heirs, and personal and legal representatives. As a condition to any
purchase, merger, consolidation or other business combination transaction
involving the Company, the Company's successor shall expressly assume the
obligations under this Agreement.

      4. Severability and Construction. Nothing in this Agreement is intended to
require or shall be construed as requiring the Company to do or fail to do any
act in violation of applicable law. The Company's inability, pursuant to a court
order, to perform its

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obligations under this Agreement shall not constitute a breach of this
Agreement. In addition, if any portion of this Agreement shall be held by a
court of competent jurisdiction to be invalid, void, or otherwise unenforceable,
the remaining provisions shall remain enforceable to the fullest extent
permitted by applicable law. The parties hereto acknowledge that they each have
opportunities to have their respective counsels review this Agreement.
Accordingly, this Agreement shall be deemed to be the product of both of the
parties hereto, and no ambiguity shall be construed in favor of or against
either of the parties hereto.

      5. Counterparts. This Agreement may be executed in two counterparts, both
of which taken together shall constitute one instrument.

      6. Governing Law. This agreement and all acts and transactions pursuant
hereto and the rights and obligations of the parties hereto shall be governed,
construed and interpreted in accordance with the laws of the State of New York,
U.S.A., without giving effect to conflicts of law provisions thereof.

      7. Notices. All notices, demands, and other communications required or
permitted under this Agreement shall be made in writing and shall be deemed to
have been duly given if delivered by hand, against receipt, or mailed, postage
prepaid, certified or registered mail, return receipt requested, and addressed
to the Company at:

            E-House (China) Holdings Limited
            17/F, Merchandise Harvest Building (East)
            No. 333 North Chengdu Road
            Shanghai, PRC 200041, People's Republic of China
            Attention: Chief Financial Officer

      and to Indemnitee at its last address notified to the Company.

      8. Entire Agreement. This Agreement constitutes the entire agreement and
supersedes all prior agreements and understandings, both written and oral,
between the parties with respect to the subject matter hereof.

                            (Signature page follows)

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IN WITNESS WHEREOF, the parties hereto execute this Agreement as of the date
first written above.

COMPANY

E-House (China) Holdings Limited

_____________________________
Name:
Title:

INDEMNITEE

_____________________________
Name:<PAGE>

                                                                    EXHIBIT 10.3

                          FORM OF EMPLOYMENT AGREEMENT

      This EMPLOYMENT AGREEMENT (the "Agreement") is entered into as of
_____________, 2006 by and between E-House (China) Holdings Limited, a company
incorporated and existing under the laws of the Cayman Islands (the "Company")
and Mr. [-], an individual (the "Executive"). The term "Company" as used herein
with respect to all obligations of the Executive hereunder shall be deemed to
include the Company and all of its direct or indirect parent companies,
subsidiaries, affiliates, or subsidiaries or affiliates of its parent companies
(collectively, the "Group").

                                    RECITALS

A. The Company desires to employ the Executive and to assure itself of the
services of the Executive during the term of Employment (as defined below).

B. The Executive desires to be employed by the Company during the term of
Employment and under the terms and conditions of this Agreement.

                                    AGREEMENT

      The parties hereto agree as follows:

1.    POSITION

      The Executive hereby accepts a position of [-] Officer (the "Employment")
      of the Company.

2.    TERM

      Subject to the terms and conditions of this Agreement, the initial term of
      the Employment shall be three years, commencing on ___________, 200__ (the
      "Effective Date"), until __________, 20__, unless terminated earlier
      pursuant to the terms of this Agreement. Upon expiration of the initial
      three-year term, the Employment shall be automatically extended for
      successive one-year terms unless either party gives the other party hereto
      a prior written notice to terminate the Employment prior to the expiration
      of such one-year term or unless terminated earlier pursuant to the terms
      of this Agreement.

3.    PROBATION

      Three months, commencing on the Effective Date.

4.    DUTIES AND RESPONSIBILITIES

      The Executive's duties at the Company will include all jobs assigned by
      the Board of Directors of the Company (the "Board").

      The Executive shall devote all of his working time, attention and skills
      to the performance of his duties at the Company and shall faithfully and
      diligently serve the Company in accordance with this Agreement and the
      guidelines, policies and procedures of the Company approved from time to
      time by the Board.

<PAGE>

      The Executive shall use his best efforts to perform his duties hereunder.
      The Executive shall not, without the prior written consent of the Board,
      become an employee or consultant of any entity other than the Company
      and/or any member of the Group, and shall not carry on or be interested in
      the business or entity that competes with that carried on by the Group
      (any such business or entity, a "Competitor"), provided that nothing in
      this clause shall preclude the Executive from holding any shares or other
      securities of any Competitor that is listed on any securities exchange or
      recognized securities market anywhere. The Executive shall notify the
      Company in writing of his interest in such shares or securities in a
      timely manner and with such details and particulars as the Company may
      reasonably require.

5.    NO BREACH OF CONTRACT

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

6.    LOCATION

      The Executive will be based in Shanghai, China until both parties hereto
      agree to change otherwise.

7.    COMPENSATION AND BENEFITS

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

      (b)   Equity Incentives. When the Company adopts and maintains a share
            incentive plan (the "Plan"), the Executive will be entitled to
            receive options under the Plan pursuant to the following principal
            terms, subject to terms and conditions of the Plan:

            (1)   The Executive will receive an option to purchase [-] ordinary
                  shares of the Company (the "Option");

            (2)   The exercise price of the Option shall be at US$[-] per share;

            (3)   The Option will vest at the following schedule: one-third of
                  the Option will vest on each anniversary of the Effective
                  Date;

                                       2
<PAGE>

            (4)   In the event of a change-of-control transaction of the
                  Company, as a result of which the shareholders of the Company
                  prior to such transaction do not retain, directly or
                  indirectly, at least a majority of the voting power of the
                  Company, all unvested Option shall accelerate upon
                  consummation of such transaction; and

            (5)   In the event the Employment is terminated for any reason, the
                  Executive may exercise the vested Option as of the date of
                  termination at any time within three months after the date of
                  termination.

      (c)   Housing Accommodation. The Company will arrange and pay for the
            Executive's housing accommodation in Shanghai, PRC.

      (d)   Benefits. The Executive is eligible for participation in any
            standard employee benefit plan of the Company, including any health
            insurance plan and annual holiday plan.

8.    TERMINATION OF THE AGREEMENT

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

      (b)   By the Executive. If there is a material and substantial reduction
            in the Executive's existing authority and responsibilities and such
            resignation is approved by the Board, the Executive may resign upon
            one-month prior written notice to the Company during the first year
            after the Effective Date, two-month prior written notice to the
            Company during the second year after the Effective Date, or
            three-month prior written notice to the Company during any period
            after the second anniversary of the Effective Date.

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

      (d)   Remuneration upon Termination. Upon the Company's termination of the
            Employment without cause pursuant to subsection (a) above or the
            Executive's resignation upon the Board's approval pursuant to
            subsection (b) above, the Company will provide remuneration to the
            Executive as follows: (1) if such termination or resignation becomes

                                       3
<PAGE>

            effective during the first year after the Effective Date, the
            Company will provide the Executive with a severance pay equal to one
            month base salary of the Executive; (2) if such termination or
            resignation becomes effective during the second year after the
            Effective Date, the Company will provide the Executive with a
            severance pay equal to two month base salary of the Executive; (3)
            if such termination or resignation becomes effective during any
            period after the second anniversary of the Effective Date, the
            Company will provide the Executive with a severance pay equal to
            three month base salary of the Executive; and (4) the Executive may
            exercise the vested Option as of the date of termination at any time
            within three months after the date of termination. Except for the
            foregoing, the Executive shall not be entitled to any severance
            payments or benefits upon the termination of the Employment for any
            reason.

9.    CONFIDENTIALITY AND NONDISCLOSURE

      (a)   Confidentiality and Non-disclosure. In the course of the Executive's
            services, the Executive may have access to the Company and/or the
            Company's client's and/or prospective client's trade secrets and
            confidential information, including but not limited to those
            embodied in memoranda, manuals, letters or other documents, computer
            disks, tapes or other information storage devices, hardware, or
            other media or vehicles, pertaining to the Company and/or the
            Company's client's and/or prospective client's business. All such
            trade secrets and confidential information are considered
            confidential. All materials containing any such trade secret and
            confidential information are the property of the Company and/or the
            Company's client and/or prospective client, and shall be returned to
            the Company and/or the Company's client and/or prospective client
            upon expiration or earlier termination of this Agreement. The
            Executive shall not directly or indirectly disclose or use any such
            trade secret or confidential information, except as required in the
            performance of the Executive's duties in connection with the
            Employment, or pursuant to applicable law.

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

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

      (c)   Former Employer Information. The Executive agrees that he has not
            and will not, during the term of his employment improperly use or
            disclose any proprietary information or trade secrets of any former
            employer or other person or entity with which the Executive has an
            agreement to keep in confidence information acquired by Executive,
            if any. The Executive will indemnify the Company and hold it
            harmless from and against all claims,

                                       4
<PAGE>

            liabilities, damages and expenses, including reasonable attorneys'
            fees and costs of suit, arising out of or in connection with any
            violation of the foregoing.

      (d)   Third Party Information. The Executive recognizes that the Company
            may have received, and in the future may receive, from third parties
            their confidential or proprietary information subject to a duty on
            the Company's part to maintain the confidentiality of such
            information and to use it only for certain limited purposes. The
            Executive agrees that the Executive owes the Company and such third
            parties, during the Executive's employment by the Company and
            thereafter, a duty to hold all such confidential or proprietary
            information in the strictest confidence and not to disclose it to
            any person or firm and to use it in a manner consistent with, and
            for the limited purposes permitted by, the Company's agreement with
            such third party.

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

10.   INVENTIONS

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

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

            From and after the Effective Date, the Executive shall disclose in
            confidence to the Company all inventions, improvements, designs,
            original works of authorship, formulas, processes, compositions of
            matter, computer software programs, databases, mask works and trade
            secrets (collectively, the "Inventions"), which the Executive may
            solely or jointly conceive or develop or reduce to practice, or
            cause to be conceived or developed or reduced to practice, during
            the period of the Executive's Employment at the Company. The
            Executive acknowledges that copyrightable works prepared by the
            Executive within the scope of and during the period of the
            Executive's Employment with the Company are "works for hire" and
            that the Company will be considered the author thereof. The

                                       5
<PAGE>

            Executive agrees that all the Inventions shall be the sole and
            exclusive property of the Company and the Executive hereby assign
            all his right, title and interest in and to any and all of the
            Inventions to the Company or its successor in interest without
            further consideration.

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

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

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

11.   NON-COMPETITION AND NON-SOLICITATION

      In consideration of the base salary provided to the Executive by the
      Company hereunder, the adequacy of which is hereby acknowledged by the
      parties hereto, the Executive agree that during the term of the Employment
      and for a period of one year following the termination of the Employment
      for whatever reason:

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

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

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

                                       6
<PAGE>

      The provisions contained in Section 11 are considered reasonable by the
      Executive and the Company. In the event that any such provisions should be
      found to be void under applicable laws but would be valid if some part
      thereof was deleted or the period or area of application reduced, such
      provisions shall apply with such modification as may be necessary to make
      them valid and effective.

      This Section 11 shall survive the termination of this Agreement for any
      reason. In the event the Executive breaches this Section 11, the Executive
      acknowledges that there will be no adequate remedy at law, and the Company
      shall be entitled to injunctive relief and/or a decree for specific
      performance, and such other relief as may be proper (including monetary
      damages if appropriate). In any event, the Company shall have right to
      seek all remedies permissible under applicable law.

12.   ASSIGNMENT

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

14.   SEVERABILITY

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

15.   ENTIRE AGREEMENT

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

16.   GOVERNING LAW

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

17.   AMENDMENT

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

                                       7
<PAGE>
18.   WAIVER

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

19.   NOTICES

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

20.   COUNTERPARTS

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

21.   NO INTERPRETATION AGAINST DRAFTER

      Each party recognizes that this Agreement is a legally binding contract
      and acknowledges that such party has had the opportunity to consult with
      legal counsel of choice. In any construction of the terms of this
      Agreement, the same shall not be construed against either party on the
      basis of that party being the drafter of such terms.

22.   LANGUAGE

      This Agreement is prepared and executed in the English and Chinese
      languages. In the event of any discrepancy between the two versions, the
      Chinese language version shall prevail.

           [Remainder of this page has been intentionally left blank.]

                                       8
<PAGE>

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

                                E-HOUSE (CHINA) HOLDINGS LIMITED

                                By: _____________________________________
                                Name: ZHOU Xin [CHINESE CHARACTERS]
                                Title: President [CHINESE CHARACTERS]

                                EXECUTIVE [CHINESE CHARACTERS]

                                Signature: ______________________________
                                Name: [-]

<PAGE>

                                   Schedule A

                                CASH COMPENSATION

<TABLE>
<CAPTION>
                                              AMOUNT                                          PAY PERIOD
                   ---------------------------------------------------------    ------------------------------------
<S>                <C>                                                          <C>
BASE SALARY        RMB [-] annually (including all statutory welfare            Payable in 12 equal monthly
                   reserves that the Company is required to set aside for       installments for each calendar year
                   the Executive under applicable law and all consideration
                   for the Executive's obligations under Section 11:
                   "Non-Competition and Non-Solicitation" of the Employment
                    Agreement)

CASH BONUS         [-].                                                         Once per year, if applicable
</TABLE>

                                       10
<PAGE>

                                   Schedule B

                            LIST OF PRIOR INVENTIONS

<TABLE>
<CAPTION>
                                                  IDENTIFYING NUMBER
       TITLE                DATE                 OR BRIEF DESCRIPTION
-------------------     -------------     ----------------------------------
<S>                     <C>               <C>
</TABLE>

______ No inventions or improvements

______ Additional Sheets Attached

Signature of Executive: ________________

Print Name of Executive: _______________

Date: ____________

                                       11

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