Document:

EX 4.2 - 2014 Registration Rights Agreement

 Exhibit 4.2 

EXECUTION COPY 
 Dated 11 April
2014 
 TIANQUAN MO 
 and 

THE SEVERAL PERSONS NAMED IN PART A SCHEDULE 2 

and 
 SOUFUN HOLDINGS LIMITED 

REGISTRATION RIGHTS AGREEMENT 
 IN
RELATION TO 
 SOUFUN HOLDINGS LIMITED 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 1. Interpretation
	  	 	1	  
	 2. Registration Rights
	  	 	2	  
	 3. Duration and termination
	  	 	5	  
	 4. Whole agreement and remedies
	  	 	6	  
	 5. General
	  	 	6	  
	 6. Notices
	  	 	9	  
	 7. Settlement of Disputes
	  	 	11	  
	 8. Governing law and submission to jurisdiction
	  	 	13	  
	 9. Authority to deliver
	  	 	13	  
	 10. Guarantee by Controllers
	  	 	14	  
	 Schedule 1 Definitions and Interpretation
	  	 	1	  
	 Schedule 2 Other Parties
	  	 	1	  
	 Schedule 3 Deed of Adherence
	  	 	1	  

 REGISTRATION RIGHTS AGREEMENT 

This Agreement is made on 11 April 2014 between: 
  

	(1)	Tianquan Mo, of F9M, Building 5, Zone 4, Hanwei International Plaza, No. 186 South 4th Ring Road, Fengtai District, Beijing 100070, China (“Vincent Mo”); 

 

	(2)	The several persons named in Part A of Schedule 2; and 

  

	(3)	SouFun Holdings Limited, whose registered office is at Codan Trust Company (Cayman) Limited, Century Yard, Cricket Square, Hutchins Drive, P.O. Box 2681GT, George Town, Grand Cayman, British West Indies (the
“Company”). 

 Recitals: 
  

	 	(A)	The Company believes that in order to effect an orderly distribution of the Shares held by the Persons listed on Part A of Schedule 2 and Vincent Mo, the Company is providing such persons with rights to
provide for the registration of the Shares held by them on the terms and conditions set out herein. 

  

	 	(B)	The Parties have agreed to enter into this Agreement with respect to such registration rights on the terms and conditions set out herein. 

It is agreed as follows: 
  

	1.	Interpretation 

 In this Agreement, unless the context otherwise requires, the provisions
in this Clause 1 apply: 
  

	1.1	Definitions 

 In this Agreement, unless the context otherwise requires, the capitalised
terms used in this Agreement shall have the meanings ascribed to them in Part A of Schedule 1. 
  

	1.2	Interpretation 

 In this Agreement, unless the context otherwise requires, the rules of
interpretation set out in Part B of Schedule 1 shall apply. 

	2.	Registration Rights 

  

	 	2.1.1	Applicability of Rights 

 The Shareholders shall be entitled to the following rights with
respect to sales of the Company’s American Depositary Receipts (“ADRs”) representing the Company’s Class A ordinary shares on the New York Stock Exchange or any subsequent exchange on which the Company’s ADRs or
Class A or Class B ordinary shares are listed. 
  

	 	2.1.2	Definitions 

 For purposes of this Clause 2.1.2: 

 

	 	(i)	The terms “register,” “registered,” and “registration” refer to a registration effected by preparing and filing a registration statement which is in a
form which complies with, and is declared effective by the SEC (as defined below) in accordance with, the Securities Act. 

  

	 	(ii)	The term “Registrable Securities” shall mean the Class A and Class B ordinary shares of the Company held by the Shareholders. 

 

	 	(iii)	The term “Holder” shall mean any person owning or having the rights to acquire Registrable Securities or any permitted assignee of record of such Registrable Securities. 

 

	 	(iv)	The term “Registration Expenses” shall mean all expenses incurred by the Company in complying with this Clause 2, including, without limitation, all registration and filing fees, printing expenses,
fees, and disbursements of counsel for the Company, and reasonable fees and disbursements of counsel for the Holders. 

  

	 	(v)	The term “Selling Expenses” shall mean all underwriting discounts and selling commissions applicable to the sale of Registrable Securities pursuant to this Clause 2. 

  
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	2.2	Piggyback Registrations 

  

	 	2.2.1	Registration. The Company shall notify all Holders of Registrable Securities in writing at least thirty (30) days prior to filing any registration statement under the Securities Act for purposes of effecting
a public offering of securities of the Company (i) by the Company for its own account (other than a registration statement on Form F-4, S-4 or S-8 or any successor thereto) or (ii) for the account of any shareholder of the Company
(including without limitation an Initiating Holder or pursuant to Section 3 of the Existing RRA or a Shareholder pursuant to Clause 2.3 of this Agreement, but excluding for the account of an F-3 Initiating Holder, which shall be governed
exclusively by Clause 2.4 of this Agreement) (in each case, an “Incidental Registration”), and shall afford each such Holder an opportunity to include in such registration statement all or any part of the Registrable Securities then
held by such Holder. Each Holder desiring to include in any such registration statement all or any part of the Registrable Securities held by it shall within twenty (20) days after receipt of the above-described notice from the Company, so
notify the Company in writing, and in such notice shall inform the Company of the number of Registrable Securities such Holder wishes to include in such registration statement. If a Holder decides not to include all of its Registrable Securities in
any registration statement thereafter filed by the Company, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any subsequent registration statement or registration statements as may be filed by the
Company with respect to offerings of its securities, all upon the terms and conditions set forth herein. 

  

	 	2.2.2	Underwriting. If a registration statement under which the Company gives notice under Clause 2.2.1 is for an underwritten offering, then the Company shall so advise the Holders of Registrable Securities. In such
event, the right of any such Holder’s Registrable Securities to be included in a registration pursuant to this Clause 2.2 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s
Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary form with the managing
underwriter or underwriters selected by the Company for such underwriting. Notwithstanding any other provision of this Agreement, in the case of an offering by the Company for its own account or for the account of any shareholder of the Company
(other than for any Initiating Holders or Shareholder in connection with a Demand Registration pursuant to Section 3 of the Existing RRA or Clause 2.3 of this Agreement or an F-3 Initiating Holder or Shareholder in connection with a F-3
Registration pursuant to Section 5 of the Existing RRA or Clause 2.4 of this Agreement), if the managing underwriter(s) determine(s) in good faith that marketing factors require a limitation of the number of shares to be underwritten, then the
managing underwriter(s) may exclude shares from the registration and the underwriting, and the number of shares that may be included in the registration and the underwriting shall be allocated, first, to the Company (but only in the case of a
Company initiated Incidental Registration), or the account of the shareholder(s) that initiated the Incidental Registration, as the case may be, second, to each of the Holders requesting inclusion of their Registrable Securities in such
registration statement pursuant to Section 4(a) of the Existing RRA or this Clause 2.2, on a pro rata basis based on the total number of shares of Registrable Securities then held by each such Holder, and third, to the Company (but only
in the case of an Incidental Registration initiated by a shareholder) and to any other holders of other securities of the Company; provided, however, that the right of the underwriter(s) to exclude shares (including Registrable Securities) from the
registration and underwriting as described above shall be restricted so that the number of Registrable Securities included in any such registration is not reduced below thirty per cent. (30%) of the aggregate number of shares of Registrable
Securities for which inclusion has been requested. For the avoidance of doubt and notwithstanding anything to the contrary set forth in this Clause 2.2, (i) in the case of a Demand Registration pursuant to Section 3 of the Existing RRA or
Clause 2.3 of this Agreement-, to the extent that there is any cutback in the number of shares sold in such offering, such cutback shall be governed by Section 3(d) of the Existing RRA and Clause 2.3 of this Agreement and (ii) in the case
of a F-3 Registration pursuant to Section 5 of the Existing RRA or Clause 2.4, to the extent that there is any cutback in the number of shares sold in such offering, such cutback shall be governed by Section 5(b) of the Existing RRA and
Clause 2.4 of this Agreement. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the underwriter(s), delivered at least ten (10) Business Days prior
to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration. For purposes of this Clause 2.2, for any Holder that is a
partnership, corporation or limited liability company, the partners, retired partners, members and shareholders of such Holder, or the estates and family members of any such partners and retired partners and any trusts for the benefit of any of the
foregoing persons shall be deemed to be single Holder, and any pro rata reduction with respect to such Holder shall be based on the aggregate amount of Registrable Securities owned by all such related entities and individuals. 

 

	 	2.2.3	Withdrawal. The Company shall have the right to terminate or withdraw any registration initiated by it under this Clause 2.2 prior to the effectiveness of such registration whether or not any Holder has elected to
include securities in such registration. 

  
 3 

	2.3	Demand Registration.

 At any time after the date of this Agreement, the Shareholders
shall have the rights of Designated Holders as set forth in Section 3 of the Existing RRA, subject to the limitations applicable thereto (including those limitations expressly applicable to the General Atlantic Shareholder and the Apax
Shareholders) as set forth in Section 3 of the Existing RRA, and such rights shall be enforceable by the Shareholders against the Company as if they were granted under Section 3 of the Existing RRA; provided, however, that in the event of
any limitation on the number of shares to be sold by any person in an offering, the Shareholders shall have a right to include shares in such offering only after the Existing RRA Parties have included those shares they wish to register. In the event
that the Shareholders exercise rights under this Clause 2.3, Sections 6, 7 and 8 of the Existing RRA shall apply as if they were provisions of this Agreement applicable to this Clause. Notwithstanding the foregoing, Section 3(c) of
the Existing RRA shall be deemed to be replaced in its entirety by Clause 2.5 of this Agreement. 

  
 4 

	2.4	Form F-3 Registration.

 As long as the Company is eligible to use Form F-3 (or any
successor form thereto) under the Securities Act in connection with a public offering of its securities, the Shareholders shall have the rights of the General Atlantic Shareholders or the Apax Shareholders as set forth in Section 5 of the
Existing RRA, subject to the limitations applicable thereto as set forth in Section 5 of the Existing RRA, and such rights shall be enforceable by the Shareholders against the Company as if they were granted under Section 5 of the Existing
RRA; provided, however, that in the event of any limitation on the number of shares to be sold by any person in an offering, the Shareholders shall have a right to include shares in such offering only after the Existing RRA Parties have included
those shares they wish to register. In the event that the Shareholders exercise rights under this Clause 2.4, Sections 6, 7 and 8 of the Existing RRA shall apply as if they were provisions of this Agreement applicable to this Clause.
Notwithstanding the foregoing, Section 5(e) of the Existing RRA shall be deemed to be replaced in its entirety by Clause 2.5 of this Agreement. 
  

	2.5	Registration Expenses. 

 All Registration Expenses incurred in connection with any
registration pursuant to Clauses 2.2, 2.3 and 2.4 (but excluding Selling Expenses) shall be borne by the Company. Each Holder participating in a registration hereunder shall bear such Holder’s proportionate share (based on the total number of
shares sold in such registration other than for the account of the Company) of all Selling Expenses or other amounts payable to underwriter(s) or brokers, in connection with such offering by the Holders. 

 

	3.	Duration and termination 

  

	3.1	Duration 

 Subject to the other provisions of this Agreement, this Agreement shall
continue in full force and effect without limit in point of time until the earlier of: 
  

	 	3.1.1	the Shareholders agree in writing to terminate this Agreement; and 

  

	 	3.1.2	termination occurs pursuant to Clause 3.2; and 

  

	 	3.1.3	an effective resolution is passed or a binding order is made for the winding-up of the Company other than to effect a scheme of reconstruction or amalgamation, 

provided that this Agreement shall cease to have effect as regards any Shareholder who ceases to hold any Shares save for any of its provisions
which are expressed to continue in force after termination. 

  
 5 

	3.2	Termination 

 No Holder shall be entitled to exercise any right under this Agreement
after, as to any such Holder, such time at which all Registrable Securities held by such Holder can be sold in any three-month period without registration in compliance with Rule 144 of the Securities Act. This Clause 3.2 and Clauses 4,
5.2, 5.3, 5.8, 5.11, 6, 7, 8 and 9 shall survive the termination of this Agreement. 
  

	4.	Whole agreement and remedies 

  

	4.1	Whole agreement 

 This Agreement contains the whole agreement between the Parties
relating to the subject matter of this Agreement at the date hereof to the exclusion of any terms implied by law which may be excluded by contract and supersedes any previous written or oral agreement between the Parties in relation to the matters
dealt with in this Agreement. 
  

	4.2	No inducement 

 Each of the Shareholders acknowledges that it has not been induced to
enter into this Agreement by any representation, warranty or undertaking not expressly incorporated into it. 
  

	4.3	Remedies 

 So far as permitted by law and except in the case of fraud, each Party agrees
and acknowledges that its only right and remedy in relation to any representation, warranty or undertaking made or given in connection with this Agreement shall be for breach of the terms of this Agreement to the exclusion of all other rights and
remedies (including those in tort or arising under statute). 
  

	4.4	Legal advice 

 Each Party to this Agreement confirms it has received independent legal
advice relating to all the matters provided for in this Agreement, including the provisions of this Clause 4.4, and agrees, having considered the terms of this Clause 4.4 and the Agreement as a whole, that the provisions of this Clause 4.4 are fair
and reasonable. 
  

	5.	General 

  

	5.1	Warranties 

 Each of the Shareholders warrants to the other that, except as fairly
disclosed in writing to the other prior to the execution of this Agreement: 
  

	 	5.1.1	it has the full power and authority to enter into and to perform its obligations under this Agreement which when executed will constitute valid and binding obligations on it in accordance with its terms; and

  

	 	5.1.2	the entry and delivery of, and the performance by it of this Agreement will not result in any breach of any provision of its memorandum and articles of association or result in any claim by a third party against the
other Shareholder or the Company; 

  
 6 

	5.2	Survival of rights, duties and obligations 

 Termination of this Agreement for any cause
shall not release a Party from any liability which at the time of termination has already accrued to another Party or which thereafter may accrue in respect of any act or omission prior to the termination. 

 

	5.3	Release etc. 

 Any liability to any Party under this Agreement may in whole or in part be
released, compounded or compromised or time or indulgence given by that Party in its absolute discretion as regards any Party under such liability without in any way prejudicing or affecting its rights against any other Party under the same or a
like liability, whether joint and several or otherwise. 
  

	5.4	Waiver 

 No failure of any Party to exercise, and no delay by it in exercising, any
right, power or remedy in connection with this Agreement (each a “Right”) shall operate as a waiver of that Right, nor shall any single or partial exercise of any Right preclude any other or further exercise of that Right or the
exercise of any other Right. The Rights provided in this Agreement are cumulative and not exclusive of any other Rights (whether provided by law or otherwise). Any express waiver of any breach of this Agreement shall not be deemed to be a waiver of
any subsequent breach. 
  

	5.5	Variation 

 No variation of this Agreement shall be effective unless in writing and
signed by or on behalf of all of the Parties, with the prior written consent of the Existing RRA Parties. 
  

	5.6	No Assignment 

  

	 	5.6.1	This Agreement shall be binding on and inure to the benefit of the Parties and their successors and permitted assigns. 

  

	 	5.6.2	Other than in connection with a transfer of Shares by a Shareholder pursuant to this Agreement, and except as otherwise expressly provided in this Agreement, no Party may without the prior written consent of the other
Parties, assign, grant any security interest over, hold on trust or otherwise transfer the benefit of the whole or any part of this Agreement. 

  

	 	5.6.3	Except as otherwise expressly provided in this Agreement, a Party may, without the consent of the other Parties, assign to a subsidiary the benefit of the whole or any part of this Agreement provided however that the
assignment shall not be absolute but shall be expressed to have effect only for so long as the assignee remains a subsidiary of the Party concerned. 

  
 7 

	5.7	Time of the essence 

 Time shall be of the essence of this Agreement, both as regards any
dates, times and periods mentioned and as regards any dates, times and periods which may be substituted for them in accordance with this Agreement or by agreement in writing between the Parties. 

 

	5.8	Further assurance 

 At any time after the date of this Agreement the Parties shall, and
shall use all reasonable endeavours to procure that any necessary third party shall, at the cost of the relevant Party execute all documents and do all acts and things as that Party may reasonably require for the purpose of giving to that Party the
full benefit of all the provisions of this Agreement. 
  

	5.9	Invalidity 

  

	 	5.9.1	If any provision in this Agreement shall be held to be illegal, invalid or unenforceable, in whole or in part, the provision shall apply with whatever deletion or modification is necessary so that the provision is
legal, valid and enforceable and gives effect to the commercial intention of the parties. 

  

	 	5.9.2	To the extent it is not possible to delete or modify the provision, in whole or in part, under Clause 5.9.1, then this provision or part of it shall, to the extent that it is illegal, invalid or unenforceable, be deemed
not to form part of this Agreement and the legality, validity and enforceability of the remainder of this Agreement shall, subject to any deletion or modification made under Clause 5.9.1, not be affected. 

 

	5.10	Counterparts 

 This Agreement may be entered into in any number of counterparts, all of
which taken together shall constitute one and the same instrument. Any Party may enter into this Agreement by executing any such counterpart. 

  
 8 

	5.11	Costs 

 Each Party shall bear all costs (other than stamp duty which shall be borne
equally) incurred by it in connection with the preparation, negotiation and entry into this Agreement and the documents to be entered into pursuant to it. 
  

	6.	Notices 

  

	6.1	Any notice or other communication in connection with this Agreement (each, a “Notice”) shall be: 

  

	 	6.1.1	in writing in English; 

  

	 	6.1.2	delivered by hand, fax, registered post or by courier using an internationally recognised courier company. 

  

	6.2	A Notice to Vincent Mo shall be sent to him at the following address, or any other person or address as Vincent Mo may notify to the other Parties from time to time: 

Vincent Tianquan Mo 
 SouFun
Holdings Limited 
 F9M, Building 5 

Zone 4 
 Hanwei International
Plaza 
 No. 186 South 4th Ring Road 

Fengtai District 
 Beijing 100070

 China 
 Fax: (+86-10) 5631
8010 
  

	6.3	A Notice to the Company shall be sent to such Party at the following address, or any other person or address as the Company may notify to the other Parties from time to time: 

SouFun Holdings Limited 
 F9M,
Building 5 
 Zone 4 
 Hanwei
International Plaza 
 No. 186 South 4th Ring Road 

Fengtai District 
 Beijing 100070

 China 
 Attention: Vincent
Tianquan Mo, Chairman of the Board 
 Fax: (86-10) 5631 8010 

  
 9 

	6.4	A Notice to a Party listed in Part A of Schedule 2 shall be sent to such Party at the following address, or such other person or address as such Party may notify to the Parties from time to time:

  

	 	(i)	Next Decade Investments Limited / Media Partner Technology Limited 

  

	 	  	c/o SouFun Holdings Limited 

	 	  	F9M, Building 5 

	 	  	Zone 4 

	 	  	Hanwei International Plaza 

	 	  	No. 186 South 4th Ring Road 

	 	  	Fengtai District 

	 	  	Beijing 100070 

	 	  	China 

	 	  	Fax: (86-10) 5631 8010 

	 	  	Attention: Vincent Tianquan Mo 

  

	 	(ii)	Shan Li / Digital Link Investments Limited 

  

	 	  	[Suite 6401, Two IFC 

	 	  	8 Finance Street, Central 

	 	  	Hong Kong 

	 	  	Fax: (+852) 3527 7001] 

	 	  	Attention: Shan Li 

  

	 	(iii)	IDG-Accel China Capital L.P. / DG-Accel China Capital Investors L.P. 

  

	 	  	IDGVC Venture Investment Consultancy (Beijing) Co., Ltd. 

	 	  	Room 616, Tower A, COFCO Plaza, 

	 	  	8 Jianguomennei Dajie 

	 	  	Beijing, 100005 

	 	  	People’s Republic of China 

	 	  	Fax: (+86-10) 8512 0225 

	 	  	Attention: Ms Bin Li, Legal Counsel. 

  

	6.5	A Notice shall be effective upon receipt and shall be deemed to have been received: 

  

	 	6.5.1	at the time of delivery, if delivered by hand, registered post or courier; 

  

	 	6.5.2	at the time of transmission in legible form, if delivered by fax. 

  
 10 

	7.	Settlement of Disputes 

  

	7.1	Choice of Arbitration 

 Any dispute or difference or claim (in each case of whatsoever
nature) arising out of or in connection with or relating to this Agreement (including, without limitation, any dispute as to the validity or existence of this Agreement and/or this Clause 7.1) (each a “Dispute”) shall be submitted
to and resolved by arbitration by the HKIAC pursuant to its Rules including any additions made by the UNCITRAL Rules and as modified by this Agreement. The arbitral tribunal shall consist of 3 arbitrators. The arbitral proceedings shall be conducted
in English. Any arbitration commenced pursuant to this Clause 7 shall have its seat in Hong Kong. 
  

	7.2	Appointing Authority 

 The appointing authority shall be HKIAC or any other body as the
Parties may agree (the “Appointing Authority”). 
  

	7.3	Arbitral tribunal 

 Unless the Parties agree otherwise: 

 

	 	7.3.1	the Party or Parties requesting arbitration shall jointly appoint an arbitrator in its or their notice for arbitration and the Party or Parties responding to the request for arbitration shall jointly appoint an
arbitrator within 30 days of the date the notice for arbitration is received by them. In default of this appointment, the relevant arbitrator(s) shall be appointed by the Appointing Authority within 10 Business Days; and 

 

	 	7.3.2	the third arbitrator, who shall act as chairman of the tribunal, shall be chosen by the two arbitrators appointed by or on behalf of the Parties. If he is not chosen within 10 Business Days of the date of
appointment of the later of the two party-appointed arbitrators to be appointed, he shall be appointed by the Appointing Authority. 

  

	7.4	Single Arbitral Proceeding 

 In order to facilitate the comprehensive, efficient and
economical resolution of related Disputes, all Disputes between any of the parties which arise out of or in connection with this Agreement and any of the other Transaction Documents shall (so far as is reasonably practicable) be resolved by means of
a single arbitral proceeding. Accordingly, where Disputes arise out of or in connection with this Agreement and any one or more of the other Transaction Documents a single arbitration may be conducted in respect of these Disputes. 

  
 11 

	7.5	Provision for Concurrent Arbitrations 

 If at any time two or more arbitrations are
commenced and are pending in relation to Disputes which arise out of or in connection with this Agreement and any of the other Transaction Documents and it appears to the arbitral tribunal constituted in the arbitration that was initiated first in
time (the “First Arbitration”) that there are issues of fact or law common to the arbitrations and that it is expedient for the Disputes to be resolved in the same proceedings, and that no party would be prejudiced materially
(through undue delay or otherwise) as a result of the arbitrations being consolidated, then, upon the written request of any party to any such arbitration, that arbitral tribunal (the “Consolidating Arbitral Tribunal”) may, by
procedural order, direct that the arbitration(s) to resolve any of the other Disputes shall be consolidated with the First Arbitration. If the Consolidating Arbitral Tribunal so orders, the parties to each Dispute which is a subject of the
Consolidating Arbitral Tribunal’s order shall be treated as having consented to the Dispute being finally decided: 
  

	 	7.5.1	by the Consolidating Arbitral Tribunal; and 

  

	 	7.5.2	in accordance with the procedure, at the seat and in the language by which the First Arbitration is being conducted, save as otherwise agreed by all parties to the consolidated proceedings or, in the absence of this
agreement, as ordered by the Consolidating Arbitral Tribunal. 

  

	7.6	Due performance 

 The Parties undertake: 

 

	 	7.6.1	to comply strictly with the time limits specified in the UNCITRAL Rules and this Agreement for the taking of any step or the performance of any act in or in connection with any arbitration; and 

 

	 	7.6.2	to comply with and to carry out, in full and without delay, any procedural orders (including, without limitation, any interim measures of protection ordered) or any award (interim or final) made by the arbitral
tribunal. 

  

	7.7	Arbitration final and binding 

  

	 	7.7.1	Any arbitral award shall be final and binding upon the parties thereto and shall be enforceable in accordance with its terms. Each party irrevocably undertakes that it will execute and perform the arbitral award
fully and without delay and waives any right of appeal against the award. 

  

	 	7.7.2	None of the Parties shall seek to commence any judicial proceeding with a view to appealing, reviewing or setting aside any arbitral award. All rights of appeal or judicial review of any arbitral award as would
otherwise be exercisable by a Party are hereby excluded to the fullest extent permitted. 

  
 12 

	7.8	Enforcement of the Arbitral Award 

 Any arbitral award may be enforced by filing as a
judgment in any court of competent jurisdiction, or by any other application or proceeding in any court, for the enforcement of the arbitral award, as the case may be. 
  

	7.9	Arbitration expenses 

  

	 	7.9.1	The costs of the arbitration, the arbitration fees and the liability for other expenses shall be borne by the losing party unless otherwise determined by the arbitral tribunal. 

 

	 	7.9.2	If it becomes necessary for a Party to enforce an arbitral award by legal action of any kind, the defaulting Party or Parties shall pay all reasonable costs and expenses and attorneys’ fees, including any cost of
additional litigation or arbitration that shall be incurred by the Party seeking to enforce the award. 

  

	7.10	Continual Performance 

 During the period when a dispute is being resolved, the parties
shall, in all respects other than the issue(s) in dispute, continue their performance of this Agreement. 
  

	8.	Governing law and submission to jurisdiction 

  

	8.1	Governing Law 

 This Agreement and the documents to be entered into pursuant to it, save
as expressly referred to therein, shall be governed by and construed in accordance with the laws of the State of New York of the United States of America. 
  

	8.2	Submission to Jurisdiction 

 Each of the parties irrevocably submits to the non-exclusive
jurisdiction of the courts of Hong Kong to support and assist the arbitration process pursuant to Clause 7, including if necessary the grant of interlocutory relief pending the outcome of that process. 

 

	9.	Authority to deliver 

 The signature or sealing of this Agreement by or on behalf of a
Party shall constitute an authority to the solicitors, or an agent or employee of the solicitors, acting for that Party in connection with this Agreement to deliver it as a deed on behalf of that Party. 

  
 13 

	10.	Guarantee by Controllers 

  

	10.1	In consideration of the other Parties entering into this Agreement, each Controller hereby undertakes to the Parties that it will guarantee, as sole or principal obligor to the Parties, the due and punctual performance
by each Shareholder Controlled by that Controller of all obligations, commitments and undertakings under or pursuant to this Agreement. 

  

	10.2	Each Controller shall indemnify each other Party against all losses, liabilities, costs (including without limitation legal costs), charges, expenses, actions, proceedings, claims and demands which any Party may suffer
through or arising from any breach of the Controller of its obligations under this Agreement or incurred by that Party in the course of enforcing its rights under this Clause 10. 

 

	10.3	This guarantee is given for the benefit of the Parties and its respective successors and assigns and shall be binding on each Controller and its successors and assigns. 

 

	11.	Third Party Beneficiaries 

 Each of the Existing RRA Parties is a third-party beneficiary
of this Agreement, with the right to enforce its priority rights under Clause 2.2, Clause 2.3 and Clause 2.4 of this Agreement and its consent rights under Clause 5.5 of this Agreement against the Company and the Shareholders, as though such
Existing RRA Party were a party hereto. For avoidance of doubt, nothing contained in this Agreement shall amend or modify the rights of the Existing RRA Parties as set forth in the Existing RRA in any respect. 

  
 14 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

  

			
	TIANQUAN MO
	
	 /s/ Tianquan Mo

	
	SOUFUN HOLDINGS LIMITED
		
	By:	 	 /s/ Tianquan Mo

	Name:	 	TIANQUAN MO
	Title:	 	Executive Chairman

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

  

			
	NEXT DECADE INVESTMENTS LIMITED
		
	By:	 	 /s/ Jing Cao

	Name:	 	JING CAO
	Title:	 	Director
	
	MEDIA PARTNER TECHNOLOGY
		
	By:	 	 /s/ Jing Cao

	Name:	 	JING CAO
	Title:	 	Director

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

  

			
	SHAN LI
	
	 /s/ Shan Li

	
	DIGITAL LINK INVESTMENTS LIMITED
		
	By:	 	 /s/ Shan Li

	Name:	 	SHAN LI
	Title:	 	

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

  

			
	IDG-ACCEL CHINA CAPITAL L.P.
		
	By:	 	 /s/ Chi Sing Ho

	Name:	 	Chi Sing HO
	Title:	 	Authorized Signatory
	
	IDG-ACCEL CHINA CAPITAL INVESTORS L.P.
		
	By:	 	 /s/ Chi Sing Ho

	Name:	 	Chi Sing HO
	Title:	 	Authorized Signatory

 Schedule 1 

Definitions and Interpretation 

Part A — Definitions 

“Apax Shareholders” shall have the meaning ascribed to such term in the Existing RRA. 

“Business Day” means a day which is not a Saturday, a Sunday or a bank or public holiday in the PRC; 

“Consolidating Arbitral Tribunal” shall have the meaning ascribed to it in Clause 7; 

“Control” means possession, directly or indirectly, of the power to direct or cause the direction of the operations and management or
policies of a person, whether through the ownership of voting securities, by contract or otherwise, and “Controlled” and “Controls” shall be construed accordingly. For these purposes, a Shareholder
“Controlled” by a Controller shall include the Shareholder whose name is set out next to the name of that Controller in Part C of Schedule 2; 

“Controllers” means any Party who Controls a Shareholder and includes the Parties listed in Part C of Schedule 2 as
“Controllers” and “Controller” means any one of them; 
 “Deed of Adherence” means a deed in the form set
out in Schedule 3; 
 “Demand Registration” shall have the meaning ascribed to such term in the Existing RRA. 

“Designated Holder” and “Designated Holders” shall have the meanings ascribed to such terms in the Existing RRA. 

“Existing RRA” means the Registration Rights Agreement dated 13 August 2010 by and among the Company and General Atlantic Mauritius
Limited, Hunt 7-B Guernsey L.P. Inc., Hunt 6-A Guernsey L.P. Inc. and Hunt 7-A Guernsey L.P. Inc. 
 “Existing RRA Parties” means each of
General Atlantic Mauritius Limited, Hunt 7-B Guernsey L.P. Inc., Hunt 6-A Guernsey L.P. Inc. and Hunt 7-A Guernsey L.P. Inc., and each of their respective successors and assigns. 

“F-3 Initiating Holder” and “F-3 Initiating Holders” shall have the meanings ascribed to such terms in the Existing RRA.

 “F-3 Registration” hall have the meaning ascribed to such term in the Existing RRA. 

“First Arbitration” shall have the meaning ascribed to it in Clause 7; 

 “General Atlantic Shareholder” shall have the meaning ascribed to such term in the Existing RRA.

 “HKIAC” means the Hong Kong International Arbitration Centre; 

“Hong Kong” means the Hong Kong Special Administrative Region of the People’s Republic of China; 

“Initiating Holder” and “Initiating Holders” shall have the meanings ascribed to such terms in the Existing RRA. 

“Notice” shall have the meaning ascribed to it in Clause 6; 

“Parties” means the parties to this Agreement and “Party” means any one of them; 

“PRC” means the People’s Republic of China, which for the purposes of this Agreement, excludes Hong Kong, Macau and Taiwan; 

“SEC” means the United States Securities and Exchange Commission, or, in the event that the Company effects a public offering in a
jurisdiction outside of the United States with an internationally recognised investment exchange, its equivalent in the jurisdiction where the Company effects such public offering of its securities; 

“Securities Act” means the United States Securities Act of 1933, as amended; 

“Shareholders” mean Vincent Mo and the Parties listed in Part B of Schedule 2 and “Shareholder” means any one of
them; 
 “Shares” mean issued ordinary shares in the Company and (1) any shares issued in exchange for those shares or by way of
conversion or reclassification and (2) any shares representing or deriving from those shares as a result of an increase in, reorganisation or variation of the capital of the Company; and 

“UNCITRAL Rules” means the arbitration rules of the United Nations Commission on International Trade Law adopted on 28 April 1976 as in
force at the date of this Agreement and as modified by this Agreement. 

  
 -2- 

 Part B — Interpretation 

 

	1	Modification etc. of Statutes 

 References to a statute or statutory provision include:

  

	1.1	that statute or provision as from time to time modified, re-enacted or consolidated whether before or after the date of this Agreement; 

 

	1.2	any past statute or statutory provision (as from time to time modified, re-enacted or consolidated) which that statute or provision has directly or indirectly replaced; and 

 

	1.3	any subordinate legislation made from time to time under that statute or statutory provision. 

  

	2	Singular, plural, gender and other terms 

  

	2.1	References to one gender include all genders and references to the singular include the plural and vice versa. 

  

	2.2	The words “includes” and “including” mean “includes without limitation” and “including without limitation”, respectively. 

 

	3	References to persons, companies and government authorities 

 References to: 

 

	3.1	a person include any company, partnership or unincorporated association (whether or not having separate legal personality); 

  

	3.2	a company shall include any company, corporation or any body corporate, wherever incorporated; and 

	

  

	3.3	PRC government authorities or departments include such authorities or departments at central, provincial, municipal and other levels and their successor authorities or departments. 

 

	4	Schedules etc. 

 References to this Agreement shall include any recitals and schedules to
it and references to Clauses and Schedules are to clauses of, and schedules to, this Agreement. References to paragraphs and Parts are to paragraphs and parts of the Schedules. 

 

	5	Headings 

 Headings shall be ignored in interpreting this Agreement. 

	6	Information 

 References to books, records or other information mean books, records or
other information in any form including paper, electronically stored data, magnetic media, film and microfilm. 
  

	7	Legal Terms 

 References to any legal term for any action, remedy, method or judicial
proceeding, legal document, legal status, court, official or any legal concept or thing shall, in respect of any jurisdiction other than Delaware, be construed as references to the term or concept which most nearly corresponds to it in that
jurisdiction. 
  

	8	Time of day 

 References to time of day are to Hong Kong time unless otherwise stated.

  

	9	Winding-up 

 References to the winding-up of a person include the amalgamation,
reconstruction, reorganisation, administration, dissolution, liquidation, merger or consolidation of such person and any equivalent or analogous procedure under the law of any jurisdiction in which that person is incorporated, domiciled or resident
or carries on business or has assets. 

  
 -2- 

 Schedule 2 

Other Parties 
 Part A —
Other Parties to this Agreement 
  

	1.	Next Decade Investments Limited with its registered office at P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands; 

 

	2.	Media Partner Technology Limited with its registered office at P.O. Box 957, Offshore Incorporation Center Road Town, Tortola, British Virgin Islands; 

 

	3.	Digital Link Investments Limited with its registered office at Suite 6401, Two IFC, 8 Finance Street, Central, Hong Kong; 

  

	4.	Shan Li of Apt 3B Taggart, 109 Repulse Bay Road, Hong Kong, holder of Hong Kong resident card number P393881(A); 

  

	5.	IDG-Accel China Capital L.P. 

  

	6.	DG-Accel China Capital Investors L.P. 

 Part B — Shareholders 

 

	1.	Next Decade Investments Limited 

  

	2.	Media Partner Technology Limited 

  

	3.	Digital Link Investments Limited 

  

	4.	IDG-Accel China Capital L.P. 

  

	5.	DG-Accel China Capital Investors L.P. 

 Part C — Controllers 

 

			
	 Shareholder Controlled by Controller
	 	 Name of Controller

		
	Next Decade Investments Limited	 	Vincent Mo
		
	Media Partner Technology Limited	 	Vincent Mo
		
	Digital Link Investments Limited	 	Shan Li

 Schedule 3 

Deed of Adherence 
 THIS DEED OF ADHERENCE
is made on [DATE] by [            ] of [    ] (the “Covenantor”) 

SUPPLEMENTAL to a Shareholders’ Agreement dated [DATE] and made between Tianquan Mo, SouFun Holdings Limited (the “Company”) and others
(the “Agreement”). 
 The Covenantor covenants as follows: 
  

	1	The Covenantor confirms that it has been supplied with and has read a copy of the Agreement and covenants with each of the persons named in the Schedule to this Deed to observe perform and be bound by all
the terms of the Agreement which are capable of applying to the Covenantor and which have not been performed at the date of this Deed to the intent and effect that the Covenantor shall be deemed with effect from the date on which the Covenantor is
registered as a member of the Company to be a party to the Agreement (as if named as a Shareholder under that Agreement). 

  

	2	This Deed shall be governed by and construed in accordance with Delaware law and the Covenantor hereby submits irrevocably to the non-exclusive jurisdiction of the Courts of Delaware (but accepts that this Deed
may be enforced in any court of competent jurisdiction) and hereby appoints [a person resident in Delaware and reasonably acceptable to the Board of Directors of the Company] as its agent for service of all process in any proceedings in respect of
the Agreement. 

 EXECUTED as a deed on the date written above. 

Schedule 
 [Parties to
Agreement including those who have executed earlier Deeds of 
 Adherence]EX 4.9 - Form of Equity Pledge Agreement

 Exhibit 4.9 

FORM OF EQUITY PLEDGE AGREEMENT 

(Summary Translation) 

This Equity Pledge Agreement (this “Agreement”) is made and entered into by the parties below on [specify date] in
[specify city], People’s Republic of China (“China”): 
 Pledgee: 

[specify name of a subsidiary of SouFun Holdings Limited] of [specify address] 

Pledgor I: [specify name of shareholder of a consolidated controlled entity] of [specify address]  

Pledgor II: [specify name of shareholder of the consolidated controlled entity] of [specify address]  

Pledgor I and Pledgor II are hereinafter referred to as the “Pledgor(s),” and the Pledgee and the Pledgors, collectively, the
“Parties.” 
 Whereas: 

Each Pledgor is a PRC citizen holding equity interests of [specify percentage]% and [specify percentage]%, respectively, in
[specify name of the consolidated controlled entity] (the “Company”). 
 The Company is a company registered in
[specified city], China, engaging in [specify government approved business scope]. 
 The Pledgee is a wholly foreign owned
enterprise registered in [specify city], China, licensed by relevant government departments to lawfully engage in the business of [specify government approved business scope]. 

The Pledgee and the Company have entered into the Service Agreement as defined in Article 1 on [specify date]. 

In order to ensure that the Pledgee can collect consulting and services fees pursuant to the Service Agreement from the Company, the Pledgors
hereby pledge all of their Equity Interests as defined in Article 1 in the Company to the Pledgee as a guarantee for the payment of the consulting and services fees under the Service Agreement. 

NOW, THEREFORE, the Pledgors and the Pledgee, through negotiations on the principle of equality, agree as follows: 

 

	1.	Definition 

 Unless otherwise provided in this Agreement, the following terms shall have
the following meanings: 
  

			
	 1.1
	 	Right of Pledge: as specified in Article 2 of this Agreement.
		
	 1.2
	 	Equity Interests: 100% of the equity interests held by the Pledgors in the Company.

			
		
	1.3	  	Term of Pledge: the term specified in Article 3 hereunder.
		
	1.4	  	Service Agreement: the Exclusive Technical Consultancy and Services Agreement entered into by the Company and the Pledgee on [specify date].
		
	1.5	  	Breach of Agreement: any circumstance specified in Article 6.1 hereunder.
		
	1.6	  	Notice of Breach: a notice sent by the Pledgee under this Agreement declaring a Breach of Agreement.

 Terms not specifically defined hereunder shall have the same meaning as the corresponding terms contained in
the Service Agreement. 
  

			
		
	2.	  	Pledge and Right of Pledge
		
	2.1	  	The Pledgors pledge all their Equity Interests in the Company to the Pledgee. The Right of Pledge means the priority right enjoyed by the Pledgee to claim the consulting and services fees, which the Pledgee is entitled to under the
Service Agreement from funds obtained through conversion, auction or sale of the Equity Interests that the Pledgors pledge to the Pledgee.
		
	3.	  	Term of Pledge
		
	3.1	  	This Agreement shall come into force upon the date when the pledge of Equity Interests hereunder is recorded in the register of shareholders of the Company, and such pledge shall remain valid for ten (10) years and can be extended
at the sole discretion of the Pledgee.
		
	3.2	  	During the Term of Pledge, the Pledgee is entitled to exercise its Right of Pledge should the Company not disburse part or all of the consulting and services fees under the Service Agreement.
		
	4.	  	Custody of the Certificate for Pledge
		
	4.1	  	During the term of this Agreement, the Pledgee shall keep in custody the investment certificates of the Equity Interests in the Company and the register of shareholders of the Company in which the pledge of the Equity Interests
hereunder is recorded. Within one (1) week of the execution of this Agreement, the Pledgors shall deliver these aforesaid documents to the Pledgee.
		
	4.2	  	The Pledgee is entitled to collect dividends arising out of the Equity Interests.
		
	5.	  	Representations and Warranties of the Pledgors
		
	5.1	  	The Pledgors are PRC citizens with full capacity for civil act, with full and independent legal status, and are legally competent to sign, deliver and perform this Agreement. Each of the Pledgors can sue or be sued in a
litigation.
		
	5.2	  	The Pledgors are the lawful owners of the Equity Interests.
		
	5.3	  	The Pledgors can sign this Agreement without the consent of any third party.
		
	5.4	  	When exercising its Right of Pledge under this Agreement, the Pledgee shall not be interfered by any other party.
		
	5.5	  	Except for the Right of Pledge, there are no other liens, pledges, mortgages, claims or other guarantee rights, or restrictions imposed by or belonging to any third party, in the Equity Interests.
		
	5.6	  	Without the prior written consent of the Pledgee, the Pledgors shall not transfer the Equity Interests, nor shall they establish or permit to be established any liens, pledges, mortgages, claims or other guarantee rights, or
restrictions in favor of any third party, that may affect the rights and interests of the Pledgee.

  
 2 

					
	5.7	 	The Pledgors shall observe and comply with any and all provisions of laws and regulations concerning the pledge. Within five (5) days after receiving any notice or decree issued or provided by relevant authorities,
the Pledgors shall present such notice or decree to the Pledgee, and issue opinion on the aforesaid matters upon the reasonable request of the Pledgee.
		
	5.8	 	The Pledgors shall promptly notify the Pledgee of any event or circumstance that may affect the Equity Interests pledged, change any of the Pledgors’ warranties and obligations, or affect the performance of the
Pledgors’ obligations hereunder.
		
	5.9	 	The Pledgors hereby agree that the Right of Pledge to be exercised by the Pledgee shall not be disrupted or impaired by the Pledgors, the Pledgors’ successors, or trustees, or any other person.
		
	5.10	 	Each of the Pledgors has full power to sign, deliver and perform this Agreement. This Agreement shall be signed and delivered by the Pledgors legally and properly. This Agreement shall be binding upon the Pledgors and
may be enforced against the Pledgors in accordance with the terms and conditions hereunder.
		
	5.11	 	The Pledgors shall complete the procedures for registration and filing with the relevant government departments, including but not limited to the State Administration of Industry and Commerce in China.
		
	5.12	 	In the interests of the Pledgee, the Pledgors shall observe and perform all of the aforesaid warranties, undertakings, agreements, representations and conditions. Should any of the Pledgors not perform or fully perform
such warranties, undertakings, agreements, representations and conditions, it shall be liable for damages to the Pledgee for any loss suffered by the Pledgee arising therefrom.
		
	6.	 	Breach of Agreement
		
	6.1	 	Any of the following events shall be deemed a Breach of Agreement:
			
		 	6.1.1	 	The Company fails to promptly disburse the total consulting and services fees under the Service Agreement.
			
		 	6.1.2	 	Any of the representations and warranties contained in Article 5 are materially misleading or false, and/or the Pledgors breach any of the representations and warranties contained in Article 5.
			
		 	6.1.3	 	The Pledgors breach any of the terms and conditions of this Agreement.
			
		 	6.1.4	 	Unless otherwise agreed under Article 5.6, the Pledgors forfeit the Equity Interests pledged or transfer such Equity Interests without the written consent of the Pledgee.
			
		 	6.1.5	 	Any loan, guaranty, indemnification, undertaking or other responsibility that the Company owes to any third party (1) is requested to be repaid or performed in advance due to breach of contract by the Company; or (2) is
due but not repaid or performed by the Company such that the Pledgee believes that the capacity of the Company to perform its obligations has been affected thereby.
			
		 	6.1.6	 	The Pledgors fail to repay any of their own debts.
			
		 	6.1.7	 	This Agreement becomes illegal due to the publication of relevant laws or the Pledgors fail to continue performing their obligations hereunder.
			
		 	6.1.8	 	Any consent, approval or authorization by government organizations required to render this Agreement enforceable, legal, or valid is rescinded, terminated, invalidated or materially amended.

  
 3 

					
		  	6.1.9	  	Properties owned by the Pledgors have suffered an adverse change such that the Pledgee believes that the capacity of the Pledgors to perform their obligations has been adversely affected thereby.
			
		  	6.1.10	  	The successor or custodian of the Company performs only part of, or refuses to perform, the payment obligations under the Service Agreement.
			
		  	6.1.11	  	The Pledgee is unable to exercise its Right of Pledge under the relevant laws.
		
	6.2	  	The Pledgors shall notify the Pledgee in writing if the Pledgors become aware of, or find out about, the occurrence of any of the events or circumstances specified in Article 6.1 or occurrences that may lead to the
aforesaid events or circumstances.
		
	6.3	  	Unless the events or circumstances specified in Articles 6.1 under this Agreement have been settled to the Pledgee’s satisfaction, the Pledgee may send a Notice of Breach in writing to the Pledgors at any time
during or after a Breach of Agreement by the Pledgors, requesting the Pledgors to forthwith pay any and all debts under the Service Agreement and other debts due, or it may exercise its Right of Pledge in accordance with the provisions contained in
Article 7 hereunder.
		
	7.	  	Exercise of Right of Pledge
		
	7.1	  	Before repaying in full the consulting and services fees under the Service Agreement, the Pledgors shall not transfer the Equity Interests pledged without the written consent of the Pledgee.
		
	7.2	  	The Pledgee shall send a Notice of Breach to the Pledgors when the Pledgee exercises its Right of Pledge.
		
	7.3	  	The Pledgee can exercise its Right of Pledge when it sends a Notice of Breach or at any time after sending such Notice in accordance with the provisions contained in Article 6.3.
		
	7.4	  	The Pledgee has priority in receiving repayment from funds obtained through conversion, auction or sale of part or all of the Equity Interests under this Agreement pursuant to legal procedures, until the consulting and
services fees remaining unpaid under the Service Agreement and all other payments due have been paid off.
		
	7.5	  	When the Pledgee exercises its Right of Pledge under this Agreement, the Pledgors shall not obstruct such exercise in any way and shall instead render any necessary assistance so that the Pledgee can realize its Right of
Pledge.
		
	8.	  	Transfer
		
	8.1	  	Unless previously consented to in writing by the Pledgee, none of the Pledgors shall have any right to donate or transfer the rights and obligations under this Agreement.
		
	8.2	  	This Agreement shall be binding upon the Pledgors, the Pledgors’ successors and transferees of the Equity Interests pledged with the consent of the Pledgee, and shall remain a valid obligation on the Pledgee and any
of its successors and transferees.
		
	8.3	  	The Pledgee can transfer, at any time, any and all rights and obligations under the Service Agreement to any person designated by the Pledgee. Under such circumstances, the transferee shall have the same rights and
obligations of the Pledgee under this Agreement as if it were a Party hereto. The Pledgors shall sign any relevant agreements and/or documents effecting such transfer upon the request of the Pledgee when the Pledgee transfers the aforesaid rights
and obligations.
		
	8.4	  	If the identity of the Pledgee or Pledgors changes due to the aforesaid transfer of the rights and obligations herein, the new parties involved in the pledge shall sign a new pledge agreement.

  
 4 

			
		
	9.	 	Termination
		
	9.1	 	When the consulting and services fees under the Service Agreement are fully repaid and the Company has performed all other obligations under the Service Agreement, this Agreement shall be terminated.
		
	10.	 	Expenses
		
	10.1	 	Any and all expenses relating to this Agreement, to the extent reasonable, including but not limited to the legal fees, production costs, stamp duties and any other taxes and expenses, shall be borne by the Pledgors. Should the
Pledgee pay any such expenses or taxes, the Pledgors shall fully reimburse the Pledgee for the aforesaid expenses or taxes paid by the Pledgee.
		
	10.2	 	The Pledgee may take any measure to claim from the Pledgors any such expenses or taxes arising under this Agreement or such other expenses or taxes that the Pledgors agreed to pay but have not yet paid. Any and all expenses
(including but not limited to taxes and expenditures, handling charges, overhead expenses, legal costs, attorney’s fees and insurance premiums) arising out of the aforesaid claims shall be borne by the Pledgors.
		
	11.	 	Force Majeure
		
	11.1	 	“Force majeure” means any unforeseeable circumstance which is beyond the control of a Party, or any unavoidable event, even if foreseeable, as a result of which such Party is unable to perform its obligations, in whole or
in part, under this Agreement. Such circumstances include, but are not limited to, any strike, factory closure, explosion, maritime peril, natural disaster, act by a public enemy, fire, flood, accident, war, riot, insurgence or any other similar
event.
		
	11.2	 	Should the affected Party be prevented from performing its obligations hereunder due to any force majeure event, the aforesaid obligations shall be suspended during the continuation of such force majeure event, and the time for
performing such obligations shall be extended automatically until the force majeure event ends. The affected Party shall not be liable for its non-performance during the force majeure event.
		
	11.3	 	Any Party encountering a force majeure event shall forthwith notify the other Parties in writing and supply proper evidence of the inception of the force majeure event and its continuing period. Such Party shall make every
reasonable endeavor to mitigate the damages of such event of force majeure.
		
	11.4	 	If a force majeure event occurs, the Parties shall forthwith negotiate a fair solution, and shall make any and all reasonable efforts to minimize the effects of any event of force majeure.
		
	11.5	 	If the force majeure event lasts over ninety (90) days and the Parties do not reach any agreement on a just solution, any of the Parties shall be entitled to terminate this Agreement. In case of termination of this Agreement
pursuant to the aforesaid provision, none of the Parties shall have any rights or obligations subsequent thereto, but the rights and obligations of each Party arising hereunder before such termination shall not be affected.
		
	12.	 	Dispute Resolution
		
	12.1	 	The PRC law shall govern the execution, validity, interpretation, amendment, termination and resolution of disputes arising out of this Agreement. The PRC law referred to herein does not include the laws of Taiwan, the Hong Kong
Special Administration Region or the Macau Special Administration Region.

  
 5 

					
	12.2	 	Any dispute arising from or related to this Agreement shall be settled first through friendly negotiations. If such dispute cannot be settled within thirty (30) days after the start of negotiations, it shall be
submitted to the China International Economic and Trade Arbitration Commission for arbitration and be arbitrated in Beijing, China in accordance with its arbitration rules when such arbitration application was submitted. The arbitral award shall be
final and binding upon all Parties. Unless otherwise decided by the arbitration commission, arbitration fees and other expenses in relation to such arbitration shall be borne by the losing Party.
		
	13.	 	Notice
		
	13.1	 	Any notice or other communication sent by any Party shall be written in Chinese, and sent by mail or facsimile transmission to the addresses of the other Parties set forth below or to other designated addresses
previously notified by any such other Party. If any Party changes its address, it shall notify the other Parties of such change in a timely and effective manner. The dates on which such notices are deemed to have been effectively given shall be
determined as follows:
			
		 	(A)	 	Notices given by personal delivery shall be deemed effectively given on the date of personal delivery;
			
		 	(B)	 	Notices sent by registered airmail (postage prepaid) shall be deemed effectively given on the seventh (7th) day after the date on which they were mailed (as indicated by the
postmark);
			
		 	(C)	 	Notices sent by a courier recognized by the Parties shall be deemed effectively given on the third (3rd) day after they were sent to such courier service agency; and
			
		 	(D)	 	Notices sent by facsimile transmission shall be deemed effectively given on the first business day following the date of transmission, as indicated on the document.

 Pledgee: [specify]  

Address: [specify]  
 Fax:
[specify]  
 Tel: [specify]  

Pledgor I: [specify]  

Address: [specify]  
 Fax:
[specify]  
 Tel: [specify]  

Pledgor II: [specify]  

Address: [specify]  
 Fax:
[specify]  
 Tel: [specify]  
  

			
		
	 14.
	 	Schedule
		
	 14.1
	 	The schedules contained herein constitute an integral part of this Agreement.

  
 6 

			
		
	15.	  	Effectiveness
		
	15.1	  	This Agreement and any amendment, supplement or modification hereto shall be made in writing and come into force upon execution and seal of the Parties.
		
	15.2	  	This Agreement is made in Chinese with [specify number] copies.

  

							
	Pledgor I: (signature and seal)	 		 		 	Pledgee: (seal)
				
	Date of Execution: [specify] 	 		 		 	 Legal representative or authorized agent

(signature and seal)

				
		 		 		 	Date of Execution: [specify]
				
	Pledgor II: (signature and seal)	 		 		 	

 Date of Execution: [specify] 

Schedules: 
 1. Register of Shareholders of the Company

 2. Certificate of Capital Contribution of the Company 
 3.
Exclusive Technical Consultancy and Services Agreement 

  
 7

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