Document:

Share Pledge Agreement

 Exhibit 10.9 
 Equity Pledge Agreement 
 by and among 
 Shanghai Zhengtu Information Technology Co., Ltd., 
 Shanghai Zhengtu Network
Technology Co., Ltd., and 
 Current Shareholders of Shanghai Zhengtu Network Technology Co., Ltd. 
 Shanghai, China 

 Equity Pledge Agreement 

 Equity Pledge Agreement 
 This Equity Pledge Agreement
(this “Agreement”) dated September 7, 2006, is entered into in Shanghai, People’s Republic of China by and among: 
 Shanghai
Zhengtu Information Technology Co., Ltd. (“Party A”) 
 Address: Unit 501, 9858 Humin Road, Shanghai 
 Shanghai Zhengtu Network Technology Co., Ltd. (“Party B”) 
 Address: Unit 520, Section B, 135 Kangjian Road, Shanghai 
 Zhang Lu 
 Chinese ID Card No.: 320106196404022819 (“Shareholder A”); 
 Lin Haixiao 
 Chinese ID Card No.: 332623197807250017 (“Shareholder B”); 
 Yue Tao 
 Chinese ID Card No.: 520201197703150410 (“Shareholder C”); 
 Liu Wei 
 Chinese ID Card No.: 120101196801242525 (“Shareholder D”); 
 Cheng Chen 
 Chinese ID Card No.: 32010519750303002X (“Shareholder
E”); 
 Chen Kai 
 Chinese ID Card No.: 340104650508205
(“Shareholder F”); 
 Wang Yonggui 
 Chinese ID
Card No.: 510102196801157952 (“Shareholder G”); 
 Qu Fabing 
 Chinese ID Card No.: 310110197412196816 (“Shareholder H”); 
 Feng Yuliang 
 Chinese ID Card No.: 230107671211155 (“Shareholder I”); 
 Shanghai Lanlin Bio-technology Co., Ltd. (“Shareholder J”) 
 Address: 1535 Hongmei Road, Shanghai 
 (Shareholders A-J, including their respective successors and legal assignees, are hereinafter referred to collectively as the “Pledgors”.) 

Whereas, 
  

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 Equity Pledge Agreement 

  

 Shareholders A-J hold 1.25%, 5%, 1.375%, 1.625%, 1.625%, 5.75%, 1%, 1%, 6.375% and 75% of the equity in Party B,
respectively; 
 Party A provides to Party B technical support, consultancy on marketing strategy and development, and other related services; and

 For the purpose of ensuring that Party A will receive from Party B, in which the Pledgors hold equity interest, all the fees under all the Service
Agreements as listed in Attachment 1 hereto (hereinafter referred to collectively as the “Service Fees”), to the extent permitted under Chinese laws and regulations, each Pledgor proposes to pledge all the equity interest it holds
in Party B as the pledged security for all of Party B’s liabilities to Party A under the Service Agreements. 
 Now, therefore, through
consultation, the Pledgors and Party A hereby enter into this Agreement, which contains the following terms: 
 Article 1 Definitions 
 Unless otherwise provided herein, the following terms shall have the meanings as set forth below: 
  

	 	1.1	Pledge Rights mean all the rights as set forth in Article 2 hereof. 

  

	 	1.2	Equity Interest means the equity interest the Pledgors hold in Party B according to law. 

  

	 	1.3	Pledged Collateral means the equity interest the Pledgor pledges to Party A in accordance with this Agreement and the dividends that will be derived from such equity
holdings. 

  

	 	1.4	Secured Liabilities mean all of Party B’s liabilities to Party A under the Service Agreements, including services fees, interest, liquidated damages, indemnification,
expenses that may be incurred in connection with the realization of the creditor’s rights, and compensation for losses Party B’s breach of contract may cause to Party A that Party B shall pay Party A under the Service Agreements, as well
as all the other payables. 

  

	 	1.5	Pledge Period means the period as specified in Article 4.1 hereof. 

  

	 	1.6	Service Agreements mean all the agreements as listed in Attachment 1 hereto that have been entered into by and between Party B in which the Pledgors hold equity interest and
Party A. 

  

	 	1.7	Default Event means any event as set forth in Article 9 hereof. 

  

	 	1.8	Default Notice means a notice of a default event served by Party A in accordance with this Agreement 

 Article 2 Pledge Rights 
  

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 Equity Pledge Agreement 

  

	 	2.1	The Parties hereto agree that, subject to the provision hereof, the Pledgors undertake to pledge to Party A all the equity interest they hold in Party B as security for Party
B’s payment of the Secured Liabilities provided that such payment is in compliance with Chinese laws. Pledge Rights mean the rights owned by Party A, who shall be entitled to a priority in taking the pledged collateral at its estimated value to
set off the debt or receiving proceeds from the auction or sale of the equity interest pledged by the Pledgors to Party A and the Pledge Rights shall be applicable to the dividends that will be derived from such equity interest during the term
hereof. This undertaking shall not be revoked during the term hereof. 

 Article 3 Scope of the Pledged Security 
  

	 	3.1	The pledged security hereunder shall cover all the Secured Liabilities, including services fees, interest, liquidated damages, indemnification, expenses that may be incurred in
connection with the realization of the creditor’s right, and compensation for losses Party B’s breach of contract may cause to Party A that Party B shall pay Party A under the Service Agreement as well as all the other payables.

 Article 4 Pledge Period and Registration 
  

	 	4.1	The Pledge Period shall commence from the date the pledge of the Pledged Collateral hereunder is recorded in Party B’s register of shareholders and the term of the pledge
hereunder shall be the same as the longest of the terms of the Service Agreements (if the term of any of the Service Agreement is renewed, the term of the pledge hereunder shall be extended accordingly). 

  

	 	4.2	If any change occurs in any of the items of the pledge hereunder, which renders it necessary to modify the recording of such pledge according to law, the Pledgor and Party A shall
make an appropriate modification in such recording within 15 days of occurrence of such change. 

 Article 5 Custody of the Certificates

 Within 7 days of execution hereof, the Pledgor shall place under Party A’s custody the certificates of capital contributions each
of them has made to Party B’s equity. 
 Article 6 Representations and Warranties of the Pledgors 
  

	 	6.1	The Pledgors are lawful owners of the equity interest in Party B. 

  

	 	6.2	The Pledgors are fully informed of the contents of the Service Agreements, and the Pledgors have entered into this Agreement and will perform this Agreement voluntarily and all the
expressions they have made herein are true. The representatives of the Parties hereto (if any) who have affixed their signatures hereto are duly authorized. 

  

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 Equity Pledge Agreement 

  

	 	6.3	All the documents, materials, statements and certificates the Pledgors have provided to Party A are accurate, true, complete and valid. 

  

	 	6.4	At no time shall the Pledgors interfere in any way with Party A’s exercise of the Pledge Rights it has acquired in accordance with this Agreement. 

  

	 	6.5	Party A shall have the right to dispose of or transfer the Pledge Rights in the way as prescribed herein, subject to the restrictions under Chinese laws. 

 

	 	6.6	Apart from the pledge made to Party A hereunder, the Pledgors have not created any other pledge rights on the equity interest to be pledged hereunder. 

  

	7.	Undertakings of the Pledgors 

  

	 	7.1	For Party A’s benefit, the Pledgors undertake to Party A that, during the term hereof, 

  

	 	7.1.1	apart from the transfer of equity interest to Party A in accordance with the Purchase Option and Cooperation Agreement entered into by and among the Pledgors, Party A and Party B on
September 7, 2006 or such transfer of equity interest between the Pledgors as does not undermine the effect of the pledge hereunder in any way (of which the transferor shall notify Party A in advance), without Party A’s previous written
consent, the Pledgors will not transfer any equity interest, create or permit to exist any pledge that may any damage Party A’s rights or interests in the pledged collateral hereunder, or cause Party B’s meeting of shareholders or board of
directors to pass any resolutions about the sale, transfer, pledge or otherwise disposal of the lawful right to derive income from any equity interest in Party B or about the permission of the creation of any other security interests thereon;

  

	 	7.1.2	the Pledgors will observe all the provisions of laws and regulations on the rights pledge, show Party A any notice, directive or suggestion issued or made by the competent
government authorities with respect to the pledge rights within 5 days of receipt of the same and comply with the same or raise objections against or make statements about the same at Party A’s reasonable request or with Party A’s consent;
and 

  

	 	7.13	the Pledgors will promptly inform Party A of any event or any notice they have received, which may damage the Pledgors’ rights to all or any part of the Pledged Collateral, in
which the Pledgors change any warranty or obligation hereunder, or which may have any impact. 

  

	 	7.2	The Pledgors agree that Party A’s exercise of the Pledge Rights in accordance with the provisions, subject to the restrictions under Chinese laws, will not be interrupted or
hindered by any legal proceedings initiated by the Pledgors or any of their successors or fiduciaries or any other person. 

  

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 Equity Pledge Agreement 

  

	 	7.3	The Pledgors warrant to Party A that, to safeguard or improve the security for the payment of the Secured Liabilities hereunder, the Pledgors will execute in good faith and cause
all the other parties that have any interest in the Pledge Rights to execute all the rights certificates and deeds required by Party A and/or perform and cause all the other parties that have any interest in the Pledge Rights to perform all the
actions required by Party A, facilitate the exercise of rights of or authorization to Party A hereof, enter into all the documents that make modifications in the equity certificates with Party A or its designee (natural person/legal person), and
provide Party A within a reasonable time limit with all the notices, orders and decisions about the Pledge Rights it deems necessary. 

 The Pledgors warrant to Party A that, for Party A’s benefit, the Pledgors will comply with and perform all the warranties, undertakings, agreements, representations and conditions hereunder. If the Pledgors fail to perform or fully
perform any of the warranties, undertakings, agreements, representations and conditions hereunder, they shall compensate Party A for any and all losses it may suffer as a result. 
  

	8.	Default Events 

  

	 	8.1	Each of the following events shall be deemed to be a Defaults Event: 

  

	 	8.1.1	if Party B fails to pay any of the Secured Liabilities by the prescribed time and in the prescribed amount; 

  

	 	8.1.2	if any representation or warranty made by the Pledgors in Article 6 hereof is misleading or false in any material respect and/or the Pledgors violate any of the warranties they make
in Article 6 hereof; 

  

	 	8.1.3	if the Pledgors violate any of the undertakings they make in Article 7 hereof; 

  

	 	8.1.4	if the Pledgors violate any of the provisions hereof; 

  

	 	8.1.5	if the Pledgors give up all or any part of the Pledged Collateral or transfer all or any part of the Pledged Collateral without Party A’s written consent (except for the
transfer permitted hereunder); 

  

	 	8.1.6	if any external loan, guarantee, indemnity, undertaking or other debt liability the Pledgors have incurred or assumed (i) is required to be paid or performed before it is due
as a result of a breach of contract, or (ii) is due but can not be paid or performed, which leads to Party A’s belief that the ability of the Pledgors to perform their obligations hereunder has been adversely affected;

  

	 	8.1.7	if the Pledgors are unable to pay any other major liability; 

  

	 	8.1.8	if the promulgation of any relevant law renders this Agreement illegal or the Pledgors unable to continue to perform their obligations hereunder; 

  

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 Equity Pledge Agreement 

  

	 	8.1.9	if any consent, license, approval or authorization given by the competent government authorities that is necessary to render this Agreement enforceable, legal or valid is revoked,
terminated, invalidated or modified in any material respect; 

  

	 	8.1.10	if any adverse change has occurred to any property owned by the Pledgors, which leads to Party A’s belief that the ability of the Pledgors to perform their obligations
hereunder has been adversely affected; 

  

	 	8.1.11	if Party B’s successor or trustee can only perform part of the payment obligations under the Service Agreements or refuses to perform such obligations; or

  

	 	8.1.12	any other default made by the Pledgors by taking or failing to perform any action prescribed in the other articles hereof. 

  

	 	8.2	If the Pledgors are informed or have become aware that any event as prescribed in Article 8.1 hereof or any circumstance that may lead to any such event has occurred, they shall
promptly notify Party A thereof in writing. 

  

	 	8.3	Except in the case of a settlement satisfactory to Party A, which has been reached with respect to any Default Event as prescribed in Article 8.1 hereof, Party A may serve a written
Default Notice on the Pledgors upon occurrence of such event or at any time after occurrence of such event, in which Party A may require that the Pledgors pay immediately all the outstanding liabilities and other payables under the Service
Agreements or dispose of the Pledge Rights in accordance with the provisions hereof. 

 Article 9 Exercise of the Pledge Rights

  

	 	9.1	Subject to the provisions of Article 7.1.1 hereof, without Party A’s written consent, the Pledgors shall not transfer or otherwise dispose of the Pledged Collateral until all
the Secured Liabilities under the Service Agreements have been paid. 

  

	 	9.2	At the time of its exercise of the Pledge Rights, Party A shall serve a Default Notice on the Pledgors. 

  

	 	9.3	Subject to the provisions of Article 8.3 hereof, Party A may exercise the right to dispose of the Pledged Collateral at the same time it serves or at any time after it has served a
Default Notice on the Pledgors in accordance with the provisions of Article 8.3 hereof. 

  

	 	9.4	Party A shall have the right to dispose of all or part of the Pledged Collateral hereunder through legal proceedings (including but not limited to taking the pledged collateral at
its estimated value to set off the debt or auction or sale of the Pledged Collateral) and shall be entitled to a priority in receiving payment by the proceeds of such disposal until all the Secured Liabilities have been paid.

  

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 Equity Pledge Agreement 

  

	 	9.5	In the course of Party A’s disposal of the Pledged Collateral in accordance with the provisions hereof, the Pledgors shall not place any obstacles in the way of such disposal,
but instead shall extend necessary assistance to Party A so as to help it realize its Pledge Rights. 

  

	 	9.6	In its exercise of the Pledge Rights in accordance with the provisions hereof, Party B shall dispose of the Pledged Collateral to the extent permitted under Chinese laws.

 Article 10 Transfer 
  

	 	10.1	Without Party A’s previous consent, the Pledgors shall have no right to make a gift of or transfer any of its rights or obligations hereunder. 

  

	 	10.2	This Agreement shall be binding on the Pledgors and their successors and effective on Party A and its successor and transferee. 

  

	 	10.3	Party A may at any time transfer any and all rights and obligations under the Service Agreements to its designee (natural person/legal person), upon which the transferee shall enjoy
and assume Party A’s rights and obligations hereunder as if it were a party hereto, in which case the parties to such new pledge shall enter into a new pledge agreement. 

 Article 11 Termination 
 This Agreement shall be
automatically terminated after all the Secured Liabilities have been paid and Party B has ceased to assume any obligations under the Service Agreements, upon which Party A shall execute all the documents or extend assistance to the Pledgors as soon
as practically possible to help them cancel or revoke all the recording or registration of the Pledge Rights. 
 Article 12 Service Charges and Other
Charges 
  

	 	12.1	All the expenses and actual expenditures that may be incurred in connection with this Agreement, including but not limited to legal fee, cost of production, stamp duty and any other
duties and expenses, shall be borne by the Pledgors. 

  

	 	12.2	If the Pledgors fail to pay any taxes or expenses payable by it in accordance with the provisions hereof or, for any other reason, Party A has to press Party B for payment of such
taxes or expenses in any manner or by any means, the Pledgors shall bear all expenses that may be incurred as a result (including but not limited to tax fees, service charges, administrative expenses, litigation costs, attorney’s fees and
insurance premiums that will be incurred in connection with the disposal of the Pledge Rights). 

 Article 13 Force Majeure 

 

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 Equity Pledge Agreement 

  

	 	13.1	If the performance of this Agreement is delayed or hindered by any “Event of Force Majeure”, the Party affected by such event shall not be required to assume any liability
hereunder only with respect to that part of this Agreement of which the performance is thus delayed or hindered. An “Event of Force Majeure” means any event beyond the reasonable control of the affected Party, which the affected
Party still can not prevent though it has taken due care, including but not limited to government act, natural force, fire, explosion, geographic change, windstorm, flood, earthquake, tide, lightening, or war. However, no shortage of credit, funds
or financing shall be deemed to be an event beyond the reasonable control of a Party. The Party affected by an Event of Force Majeure that seeks to be released from the obligation to perform this Agreement or any provisions hereof shall notify the
other Party as soon as possible of such release as well as the measures required to be taken to fulfill such performance obligation. 

  

	 	13.2	The Party affected by an Event of Force Majeure shall not be required to assume any liability hereunder, however, the Party seeks to release from the performance obligation shall be
released from such obligation only if it has exhausted its reasonable efforts to perform this Agreement and only to the extent of that part of this Agreement of which the performance is delayed or hindered. The Parties agree that, as soon as the
reason for the release of such obligation has been rectified or remedied, they will use their best efforts to resume the performance hereof. 

 Article 14 Settlement of Disputes 
  

	 	14.1	This Agreement shall be governed by and construed in accordance with laws of the People’s Republic of China. 

  

	 	14.2	If any dispute arises between the Parties hereto with respect to the interpretation or performance of the provisions hereof, they shall settle such dispute through consultation in
good faith. If such consultation proves unsuccessful, either Party may submit such dispute to the Shanghai Branch of the China International Economic and Trade Arbitration Commission for settlement by arbitration in accordance with its arbitration
rules then in effect. The venue of arbitration shall be Shanghai and the language of arbitration shall be Chinese. The arbitration award shall be final and binding on both of the Parties hereto. 

 Article 15 Notices 
 All notices and other documents
regarding this Agreement shall be in writing and delivered (a) by hand; (b) by registered mail; (c) by express service; (d) by conformed facsimile, or (e) by confirmed email (it is up to the sender to choose from these
means). Except as there is evidence to prove otherwise, one of the following dates shall be deemed to be the date of receipt of a document: (x) the date a signature is affixed to acknowledge such receipt by recipient or deliverer; (y) 5
days after such document is sent; or (z) if sent by facsimile or email, the date such document is sent. Neither Party shall change its mailing address without a 5-day notice to the other Party. 
  

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 Equity Pledge Agreement 

  

 Article 16 Modification, Termination and Interpretation of this Agreement 
  

	 	16.1	The Parties may revise, supplement or terminate this Agreement after each of them has consented in writing and acquired necessary authorization and approval thereof. Any and all
attachments and exhibits hereto as well as revisions hereof and supplements hereto shall constitute integral parts hereof. 

  

	 	16.2	The provisions hereof are independent of each other so far as their validity is concerned and the invalidity of one provision shall not affect the validity of any other provisions.

 Article 17 Effectiveness and Other Provisions 
  

	 	17.1	This Agreement shall become effective upon execution of it by the Parties and shall remain in effect continuously. 

  

	 	17.2	This Agreement is prepared in Chinese in two counterparts, one of which shall be kept by each Party. 

 (The remainder of this page is intentionally left blank.) 
  

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 Equity Pledge Agreement 

  

 (This is the signature page) 
 Party A: Shanghai Zhengtu Information Technology Co., Ltd. 
 (Official Seal) 
 Authorized Representative: 
 (Signature): 
 Party B: Shanghai Zhengtu Information Technology Co., Ltd. 
 (Official Seal) 
 Authorized Representative: 
 (Signature): 
  

									
	The Pledgors:	 		 		 	
			
	Zhang Lu	 		 	Lin Haixiao
	Signature:	 	 /s/ Zhang Lu
	 		 	Signature:	 	 /s/ Lin Haixiao

			
	Yue Tao	 		 	Liu Wei
	Signature:	 	 /s/ Yue Tao
	 		 	Signature:	 	 /s/ Liu Wei

			
	Cheng Chen	 		 	Chen Kai
	Signature:	 	 /s/ Cheng Chen
	 		 	Signature:	 	 /s/ Chen Kai

			
	Wang Yonggui	 		 	Qu Fabing
	Signature:	 	 /s/ Wang Yonggui
	 		 	Signature:	 	 /s/ Qu Fabing

				
	Feng Yuliang	 		 		 	

											
	Signature:	 	 /s/ Feng Yuliang
	 		 		 	Shanghai Lanlin Bio-technology Co., Ltd.
		 		 		 		 	Authorized Signature:	 	  

		 		 		 		 	Name:	 	

  

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 Equity Pledge Agreement 

  

 Attachment 1: The Service Agreements by and between Party A and Party B 
  

	1.	The Exclusive Technical Consultancy and Service Agreement (entered into on September 7, 2006); 

  

	2.	The Online Game Software Distribution and License Agreement (entered into on September 6, 2006); and 

  

	3.	Any other agreements to be entered into by and between Party A and Party B from time to time with respect to Party A’s provision of services or licenses to Party B and Party
A’s collection of appropriate charges from Party B. 

  

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 Equity Pledge Agreement 

  

 Exhibits: 
  

			
	 1.
	 	The Register of Shareholders of Party B; and
		
	 2.
	 	The Certificates of Capital Contribution regarding Pledgors’ capital contribution to Party B

  

 12Online Game Software Sales and Licensing Agreement

 Exhibit 10.10 
 Sales and Licensing Agreement 
 For Online Game Software 
 Between 
 Shanghai Zhengtu
Information Technology Co., Ltd 
 And 
 Shanghai Zhengtu Network Technology Co., Ltd 
 Stamp Duty Payment Certificate 

 Shanghai, China 
 Online Game Software Sales and Licensing Agreement 
 This Online Game Software Sales and License Agreement (the
“Agreement”) is entered into on September 6, 2006 in Shanghai, the People’s Republic of China (“PRC”) by and between the following two parties: 
 Party A: Shanghai Zhengtu Information Technology Co., Ltd 
 Address: Room 501, 9858 Humin Road, Shanghai 
 Party B: Shanghai Zhengtu Network Technology Co., Ltd 
 Address: Room 520,
Building B, 135 Kangjian Road, Shanghai 
 Whereas, 
  

	(1)	Party A is in the business of developing and selling computer games (including online games for multi-players); 

  

	(2)	Party B is in the business of operating and selling online games; 

  

	(3)	Party A agrees to sell to Party B online game software and grant to Party B (1) a license to distribute and sell in China online games listed in Attachment A hereof, and
(2) the right to provide services in connection with the operation and management of the server for the games, and to collect fees from customers. 

 Now, therefore, the Parties reach the following agreement: 
  

	1.	Definitions 

 Unless otherwise defined in the context, the following
terms in this Agreement shall have the meanings assigned to them as follows: 
  

	1.1	A “Business Day” is any day except Saturdays, Sundays and statutory holidays of the People’s Republic of China. 

  

	1.2	“Software at User’s Terminal” means software sold, provided or distributed to users and therefore will be installed in user’s personal computers.

  

	1.3	“Software at Server” means any software of the system and all database (including contents and records thereof) in the server, which is connected to the Internet.

  

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	1.4	“Game Software” means the online games listed in Attachment A hereof, and when mentioned in this Agreement, the patches thereto (upgraded functions and maps) as well. Such
games, once the Software at User’s Terminal is installed, may be connected to the Internet’s Software at Server and played by one or more users. 

  

	1.5	“Designated Area”, for the purpose of this Agreement, refers to all parts of the People’s Republic of China except the Hong Kong Special Administrative Region, Macao
Special Administrative Region, and Taiwan. 

  

	1.6	“Intellectual Property” means any and all of the following things, no matter whether tangible or intangible, whether in existence at present or in the future, or whether
having a name designated, a term or known, (a) rights: all rights in connection with creative works and authorship in the whole world, including but not limited to copyrights (including but not limited to the exclusive rights to prepare
derivative works thereof, and the right to copy, produce, reproduce, modify, display such works and there derivatives, and to distribute copies thereof), and moral rights, which include but are not limited to all rights under the right of authorship
and the right to modify the relevant works; (b) the right to protection of trade secrets and confidential information, and other related rights, (c) patents, designs, and operation rules, and other trade rights and related rights;
(d) other IP rights and trade rights of every and all kinds in the whole world, no matter how they are designated, rights related to any of intangible rights similar to any of the above, including without limiting trade logo, leasehold, and
proceeds of leasehold, no matter whether based on law, contract, license or otherwise, (e) right of registration, application, restatement, expansion, extension, partition or redistribution (including without limiting any of the above), and
(f) exclusive property ownership right to all the above rights and related rights, including without limitation the rights under subordinate agreements, appointments, guaranties, mortgages, sales, removals, transfers, authorizations,
assignments, partitions and licenses, and the right to divide or use (or not to use) such property in any way, including without limitation pre-conditions and statements related thereto, and other rights related thereto. 

  

	2.	Distribution License 

  

	2.1	Party A grants Party B the exclusive right to distribute and sell Game Software and other related products in the Designated Area. 

  

	2.2	Subject to the provisions of this Agreement, Party B shall distribute and sell Game Software and other related products in the Designated Area, and shall use its best efforts to
protect the rights of Party A in the Designated Area. Party B shall place in a conspicuous place any notice or other marks Party A will place on or attach to the games, and shall not hide or delete such notice or marks, including without limitation
patent descriptions or notices, and the copyrights to trademarks or designs related to the Games owned by Party A or third parties. 

  

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	2.3	Pursuant to this Agreement, Party B shall not sell or sublicense the Game Software outside the Designated Area, nor shall Party B export the Game Software from the Designated Area,
or assist or become an exporter in such exportation. 

  

	2.4	If Party A desires to launch new online games in China, Party A shall give Party B priority in negotiating and executing exclusive agreements for such new games, as long as Party
B’s terms and conditions are the same as those offered by other companies interested in such new game software. 

  

	2.5	Unless with Party A’s prior written approval, Party B shall not procure from any third party any license for similar game software. 

  

	3.	Delivery 

 Party A shall deliver to Party B the Game Software and
related materials within 30 business days after the execution of this Agreement, including but not limited to the main text of the games, the pictures, technical handbooks, and other materials and tools necessary for the sale of the Game Software
and related services in the Designated Area. 
  

	4.	Ownership Rights and IP Rights 

  

	4.1	Party A hereby represents and warrants that it has complete copyrights to the Game, Software at User’s Terminal and Software at Server as well as the right to license them to
Party B. These rights are all its rights as owner of the software, and do not infringe on the rights of others. 

  

	4.2	Party A agrees that all intellectual property rights in existence at present or in the future in all data and data documents (including but not limited to user data, records and
data saved in the games’ database, interfacing records, payment records, chat records and other related data generated by the server in the Designated Area) shall belong to Party B, and Party B shall have the exclusive right to protection
thereof. Party B’s ownership rights to such data and data documents is subject to the following restrictions: (i) All such data shall be returned to Party A free of charge in the event that this Agreement is terminated as a result of Party
B’s breach hereof, or (ii) all such data shall be returned to Party A after Party A pays reasonable compensation (the amount of such compensation shall be agreed upon by the Parties after negotiation), in the event that this Agreement is
terminated by mutual agreement or as a result of Party A’s breach. 

  

	4.3	Party B agrees that all intellectual property rights in existence at present or in the future in the original and/or localized form of the games, and all related parts, the game
engine, Software at Customer’s Terminal, Software at Server, contents of related files, shall belong to Party A and Party A shall have the exclusive right to protection thereof. 

  

	4.4	 Party B agrees that it shall never attempt to register the Game Software, or make any claim or assertion that may harm the validity of IP rights owned or licensed
by Party A. At Party A’s reasonable request, Party B shall use relevant files to record Party A’s right 

  

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of ownership to the original and/or localized form of the game and all related parts, the game engine, Software at Customer’s Terminal, Software at
Server, contents of related files, and related image of the company. Subject to the express restrictions on the various rights, all IP rights to the original and/or localized form of the games and all related parts, the game engine, Software at
Customer’s Terminal, Software at Server, contents of related files, shall be entrusted to the care of Party A, and Party B shall have no right whatsoever in them. 

  

	4.5	Party B shall use its best efforts to protect the technology owned and licensed by Party A hereunder, including developing the implementing system for this purpose, ensuring that
unauthorized persons shall have no access to the game engine, Software at Server, contents of related confidential files. Persons who have access to such game engine, Software at Server, contents of related confidential files shall not disclose or
reproduce them without proper authorization. 

  

	4.6	To avoid any doubt, all IP rights and other rights to the Game shall belong to Party A, including any upgraded and/or modified versions and all related IP rights thereof. However,
all data and data documents (including but not limited to user data, records and data saved in the games’ database, interfacing records, payment records, chat records and other related data generated by the server in the Designated Area) and
files related thereto shall belong to Party B. Unless expressly described herein, neither Party A or Party B has any right in the IP rights of the other. Party B shall not use the Software (including its upgraded, modified, localized or translated
versions) in any way outside the Designated Area. Party A shall have the right to use, sell and/or license similar software (including its upgraded, modified, localized or translated versions) (i) in any place after performance hereunder is
completed, and (ii) in any other country other than the Designated Area during the term of this Agreement, unless such upgraded, modified, localized or translated versions are created at Party B’s cost. 

  

	4.7	Party B agrees to report to Party A any illegal reproduction of Party A’s games, or any illegal use or misuse of Party A’s IP rights in such games, including the original
and/or localized form of the game for the Designated Area and all related parts thereof, the game engine, Software at Customer’s Terminal, Software at Server, and contents of related files. Party B agrees to assist Party A in enforcing or
protecting its rights, and confirms that Party A shall have the right to seek legal recourse against any unlawful reproduction. Assistance offered by Party B shall be at Party A’s expense, unless the unlawful act is related to Party B’s
breach hereof or is completed with Party B’s implied consent. 

  

	5	License Fee 

 Party B shall pay to Party A the software license fee
in accordance with the following: 
  

	5.1	Party B shall make an initial payment of RMB30,000,000 in two installments. RMB10,000,000 shall be paid by December 31, 2007 and the remaining RMB20,000,000 shall be paid by
March 31, 2006. 

  

 5 

	5.2	Party B shall pay the monthly software license fee, the amount of which shall be no less than 40% of its proceeds from such Game Software as recorded in the books. Both the initial
and the monthly fees shall be paid in RMB. 

  

	 5.3
	 Within the first ten days of each month, Party B shall provide to Party A a report about the sales revenue of the Game
Software of the previous month. Party B shall pay the license fee for the previous month before the 30th day of each month, after Party A confirms its
report on the sales revenues. Party A shall provide to Party B an appropriate receipt within 15 days after such payment. 

  

	5.4	Party B shall keep the accounting records and vouchers relating to the sales of the Game Software for at least three years, and Party A shall have the right to audit the sales
proceeds of the Game Software as long as such audit does not interfere with the normal business operations of Party B. 

  

	5.5	If Party B fails to pay to Party A the initial or monthly license fee in accordance with this Agreement, Party A shall have the right to serve on Party B a notice of payment. After
Party B receives such notice, a penalty shall accrue at the daily rate of 0.02%. If Party B defaults on the payment for more than 30 business days, Party A shall have the right to enforce the Equity Pledge Agreement entered into between Party A and
Party B on September 7, 2006, to the extent permitted by relevant laws. 

  

	6.	Technical Maintenance and Support Services 

  

	6.1	Party B wishes to engage Party A for technical maintenance and support services for the Game Software and other online games operated by Party B and for the websites operated by
Party B, and Party A agrees to provide such services to Party B. The specific technical services shall be set forth in a separate agreement between the Parties. 

  

	6.2	Without Party A’s prior written approval, Party B shall not modify on its own or authorize a third party to modify the Game Software, including adding any software patches.
Otherwise, Party A may immediately terminate the license hereunder. Party A shall have no liability whatsoever if Party B breaches this provision and as a result a part of the Game Software infringes upon the IP rights of any third party, or the
data and software of Party B or any such third party are damaged or lost. 

  

	6.3	If Party B needs to modify, upgrade or further develop the Game Software, it shall authorize Party A to complete the work at Party B’s cost. The Parties shall enter into a
separate agreement with regard to such authorization. 

  

	6.4	Party B shall permit Party A to monitor in real time the information in the server by accessing the server for the Game Software through the Internet. 

  

	7.	Modification and Termination 

  

 6 

 Unless both Parties agree in writing, neither party shall modify or terminate this Agreement unilaterally. 
  

	8.	Result of Termination 

 Unless otherwise agreed upon by the Parties,
after termination of this Agreement in any event, 
  

	8.1	all of Party B’s rights related to the Game shall automatically terminate, and Party B shall immediately stop using the original and/or localized form of the games, the game
engine, Software at Customer’s Terminal, Software at Server, tools and source codes, destroy or returned (at Party A’s discretion) all materials provided by Party A, and provide a written confirmation of destruction or return signed by
Party B’s authorized representative; 

  

	8.2	no termination shall affect the rights that have been acquired, and Party B shall continue to pay the license fee already accrued. 

  

	9.	Fault 

  

	9.1	Any of the following shall be deemed a fault: (i) A Party hereto materially breaches its contract with a third party and thus causes material damage to such third party, and
the situation remains unchanged for 60 days; (ii) A Party will go bankrupt. 

  

	9.2	In the occurrence of a fault defined above, the Party without fault may terminate this Agreement by written notice to the Party at fault. This remedy is in addition to other
remedies under this Agreement and is not the only remedy available to the Party without fault. 

  

	10.	Confidentiality 

  

	10.1	The Parties agree that, without a prior written notice to the other, they will not use for their own benefit or disclose to any third party any provisions of this Agreement or any
extension, expansion or termination of this Agreement, or any confidential information of the other Party. For the purpose of this Agreement, Confidential Information means all information relating to the business of Party A or Party B, including
but not limited to unreleased information regarding the Game, related technology and specific application, arrangements with any individual or entity, source of producing, and financial information of Party A or Party B. 

  

	10.2	After termination of this Agreement for whatever reason, each of the Parties shall return to the other all Confidential Information, including but not limited to handbooks,
correspondence, notebooks, reports, advertising language, promoting materials, and other materials relating to the other Party and owned, controlled or kept by the other Party (including copies thereof). This provision shall survive the termination
of this Agreement. 

  

	11.	Protection 

  

 7 

	11.1	Under the following circumstances, Party B shall protect Party A and its agents, employees, directors, workers and shareholders against any harm inflicted by third parties:

  

	(i)	Party B breaches this Agreement; 

  

	(ii)	Party B’s agent or employee acts in bad faith. 

  

	11.2	Under the following circumstances, Party A shall protect Party B and its agents, employees, directors, workers and shareholders against any harm inflicted by third parties:

  

	(i)	Party A breaches this Agreement; 

  

	(ii)	Party A’s agent or employee acts in bad faith. 

  

	11.3	The procedures for protection are as follows: 

  

	(i)	The Party seeking protection serves notice on the other for protection; 

  

	(ii)	The other Party provides such protection after receiving the notice; 

  

	(iii)	The Party seeking protection initiates a legal proceeding for protection, and the other Party provides the protection requested after such legal proceeding is over.

  

	12.	Liability Exemption 

 Neither Party shall be excused from liability
for the other Party’s loss resulting from its negligence or breach. 
  

	13.	Cost 

 Unless otherwise stated herein, each Party hereto agrees to
assume the costs it incurs in connection with its obligations and duties hereunder in accordance with this Agreement. 
  

	14.	Relationship between the Parties 

 Party A and Party B are
independent entities at any and all times, and this Agreement shall not be deemed to have built between them an agency or other relationship. 
  

	15.	No Transfer 

 Without the written consent of the other Party,
neither Party shall transfer its rights and obligations hereunder to any third party. 
  

	16.	Legal Compliance 

  

 8 

 Party B undertakes that it will comply with the laws of the Designated Area in its operations. 
  

	17.	Governing Law 

 This Agreement is governed by the law of the
People’s Republic of China. 
  

	18.	Settlement of Disputes 

 The Parties shall consult with each other
in good faith to resolve any dispute that may arise out of the performance of this Agreement. If consultation fails, either Party may submit the dispute to the Shanghai Branch of China International Economic and Trade Arbitration Commission for
arbitration by three arbitrators in accordance with its then-effective arbitral rules. The arbitration proceedings shall be conducted in Chinese and shall take place in Shanghai. The award of arbitration shall be final and binding on the Parties.
The cost of arbitration shall be borne by the losing Party, unless the arbitration award provides otherwise. 
  

	19.	Compliance with the Arbitration Award 

 All disputes arising
hereunder shall be resolved in Shanghai, and the losing Party shall be liable for all the costs and expenses of the winning Party, including but not limited to attorney’s fees. 
  

	20.	Notice 

 Notices and other communications hereunder shall be in
writing and shall be sent by any of the following means at the discretion of the sender: (a) personal delivery; (b) registered mail; (c) express mail services, (d) fax, with a confirmation slip, or (e) e-mail, with a
confirmation message. In the absence of any evidence to the contrary, notices and other documents shall be deemed to have been given when (x) signed by the addressee or the delivery person; (y) five days after delivery to the mail
services, (z) the day of transmission for emailed or faxed documents. Neither Party shall change its mailing address without serving a five-day prior notice on the other. 
  

	21.	Captions 

 Captions and chapters are for convenience of reference
only and shall not affect the contents of this Agreement or interpretation thereof. 
  

	22.	Supplementary Documents 

 Supplementary Documents signed by the
Parties after further negotiation shall be of the same legal effect as this Agreement. 
  

	23.	Validity 

 In the event that some provisions of this Agreement are
unenforceable or invalid, the Parties shall amend such provisions after consultation and make this Agreement valid and enforceable. 
  

 9 

 If the amended provisions fail to make this Agreement valid and enforceable, the Parties shall enter into another valid
and enforceable agreement with respect to the matters hereunder to guarantee the valid enforcement of the agreement. 
  

	24.	Waivers 

 At any time, failure on the part of either Party to
exercise its rights hereunder shall not constitute a waiver of such right. 
  

	25	Entire Agreement 

 This Agreement is the entire agreement between
the Parties with respect to the game listed in Attachment A hereof, and supersedes any other agreement regarding any previous negotiations and communications between the Parties. 
 In witness whereof, the Parties have caused their respective authorized representatives to execute this Agreement as of the date first written above. 
  

 10 

					
	(Signatures only on this page)
	
	Shanghai Zhengtu Information Technology Co., Ltd
	
	Seal:
	
	Authorized Representative: Zhang Lu

					
		
	Signature:	 	  

	
	Shanghai Zhengtu Network Co., Ltd
	
	Seal:
	
	Authorized Representative:

					
		
	Signature:	 	  

  

 11 

 Attachment A 
 Game Software to be Licensed 
 V1.0 of Zhengtu Game 
  

 12

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