Document:

Unassociated Document

    Cooperation
Agreement

    

    Party
A: Beijing
CNET Online Advertising Co., Ltd.

    Party B:
Shanghai Borong Dingsi Computer Technology Co., Ltd.

    

    Party A
and Party B formed the intent of cooperation and reached the following agreement
with regards to Party A’s investment in and control of equity in Party B and its
business of “Internet Banking Outdoor Commercial Screens” for China Construction
Bank’s domestic internet sites.

    

    Section
1: Scope of Cooperation

    

    
      	
               
      

            	
              ·

            	
              Through
      friendly negotiations, Party A agrees to invest RMB4,000,000 in Party B
      for the purpose of purchase of the hardware of the Internet Banking
      All-in-One Engine for its internet banking project; Party B shall invest
      RMB1,000,000 for its daily operation. After the investment, Party A holds
      51% of Party B’s total shares, the board of directors of Party B shall be
      elected by Party A. The board of directors shall manage Party B’s business
      directions and goals.

            

    

    

    Section
2: Terms of Cooperation

    

    
      	
               
      

            	
              1.

            	
              This
      Agreement shall be effective from the signing of this Agreement. Party A
      shall remit RMB1,500,000 to Party B’s designated domestic account within 5
      business days, which amount shall be the
  deposit.

            

    

    
      	
               
      

            	
              2.

            	
              Party
      B promises to complete its domestic legal structure prior to December 31,
      2008, and obtain the certificate of establishment and other relevant
      approvals from the Chinese State Administration of Industry and Commerce,
      then Party A shall remit RMB2,500,000 to the designated account in
      accordance with other arrangement agreed to by both
    parties.

            

    

    
      	
               
      

            	
              3.

            	
              Because
      Party B does not possess the capability for advertising business, the
      Parties agree that the revenue from advertising business shall remit to
      the account of Party A and Party B shall not run the advertising
      business.

            

    

    

    Section
3: Covenants of Board of Directors and Executive Officers

    

    
      	
               
      

            	
              1.

            	
              Party
      A shall appoint two representatives to the Board of Directors of Party B.
      Party A’s representative shall be the President of the Board and Party B
      shall appoint the CEO. Party A shall appoint two directors and Party B
      shall appoint one director to the
Board.

            

    

    
      	
               
      

            	
              2.

            	
              After
      the set-up of the Board, the Board shall nominate executive officers and
      arrange the organizational structure and senior executives of the company.
      The right to appoint and remove any senior executive above the office of
      vice president shall rest with the
Board.

            

    

    
      	
               
      

            	
              3.

            	
              Party
      A shall have one veto vote for such major decisions of the company as
      mergers and acquisitions, external investment,
  etc.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Section
4: Covenants of Financial Management

    

    
      	
               
      

            	
              1.

            	
              The
      Parties shall manage the financials of the company according to the
      financial management system put forward by Party A’s strategic investor
      and Hong Kong accounting standards and require the company to operate the
      business strictly in accordance to the new accounting
    rules.

            

    

    
      	
               
      

            	
              2.

            	
              The
      Parties agree that the major operation of the company shall be based
      domestically. The accounting methods and tax reporting forms shall follow
      the accounting regulations of the Chinese government. If there is to be
      any inconsistency, the Parties agree to negotiate a
    solution.

            

    

    
      	
               
      

            	
              3.

            	
              From
      the date when Party A agrees to invest in Party B, Party A may appoint an
      accounting executive to participate in the daily operation of Party B and
      the establishment of standard service
fees.

            

    

    

    Section
5: Rights and Obligations of Party A

    

    
      	
               
      

            	
              1.

            	
              Party
      B shall provide Party A with comprehensive legal files and the company’s
      files. Party B shall cooperate fully in providing what Party A needs such
      as the legal structure and preparation of instruments, to preserve the
      timely upgrade of legal files of the Beijing CNET Online Media
      Group.

            

    

    
      	
               
      

            	
              2.

            	
              Party
      B shall cooperate fully with Party A in providing marketing statistics of
      the company and manuals.

            

    

    
      	
               
      

            	
              3.

            	
              Party
      B promised not to provide any company or individual with any intellectual
      property documents and statistics (including software discs, user manuals,
      technical documents, etc.)

            

    

    
      	
               
      

            	
              4.

            	
              After
      Party A provides and promotes client contracts and related statistics,
      Party B shall provide external contracts strictly according to this
      Agreement in order to ensure the normal operation of company clients and
      shall not utilize any external contracts not agreed to by the Parties in
      order to complete the company’s legal files and minimize any legal risks
      for the company.

            

    

    
      	
               
      

            	
              5.

            	
              Party
      B shall provide any related legal files for any change in Party B’s
      employees and recruitment, removal, change of positions, etc. For its
      current employees, it shall make labor contracts according to the
      applicable laws and regulations of the Chinese government, provide them
      with the three insurance and social security and in the meantime improve
      the wage withholding system and promise to provide timely updated
      personnel files to Party A.

            

    

    

    Section
6: Rights and Obligations of Party B

    

    
      	
               
      

            	
              1.

            	
              According
      to the agreements of the Parties, Party A shall have the exclusive right
      and require Party B not to engage in any activity harmful or not agreed to
      by the Parties or to disclose any information disadvantageous to Party
      A.

            

    

    
      	
               
      

            	
              2.

            	
              Party
      B shall cooperate fully with Party A in conducting public relations,
      promotion and marketing activities.

            

    

    
      	
               
      

            	
              3.

            	
              In
      the promotion and marketing of capital markets, Party B shall utilize the
      marketing statistics, manual and medial resources provided by Party
      A.

            

    

    
      	
               
      

            	
              4.

            	
              Party
      B shall adhere strictly to requirements when using Party A’s trademarks,
      domain names and web sites’ names, and to keep complete and confidential
      the data provided by Party A.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Section
7: Confidentiality

    

    The
Parties shall keep confidential the terms of this Agreement and all matters
related to the implementation thereof and the duty of confidentiality applies to
all matters learnt during the course of cooperation and any other related
commercial secrets.

    

    Section
8: Breach

    

    If there
is breach to this Agreement, then lawsuits should be filed in Beijing according
to the place of Agreement.

    

     Section
9: Dispute Resolution

    

    If there
is any dispute in the implementation of this Agreement, the Parties shall first
resort to full negotiation and arbitration, and if unsuccessful, any Party may
file lawsuits in Beijing according to the place of Agreement.

    

    Section
10: Amendment and Supplement

    

    Any
amendment and supplement to this Agreement shall be only valid after the written
confirmation by both Parties.

    

    Section
11: Effectiveness

    

    This
Agreement shall be effective after the signing by both Parties and has four
counterparts, which each Party holds two copies having the same validity and
enforceability. Any written supplemental agreement shall have the same validity
and enforceability.

    

    Party A
(Seal): Beijing CNET Online Advertising Co., Ltd.

    

    /s/
Handong Cheng

    Signature
of Authorized Representative: Handong Cheng

    

    July 8,
2008

    

    Party B
(Seal): Shanghai Borong Dingsi Computer Technology Co., Ltd.

    

    /s/ Hai
Cui

    

    Signature
of Authorized Representative: Hai Cui

    

    July 8,
2008Unassociated Document

    Supplemental
Agreement to the Cooperation Agreement

    

    
      	
               
      

            	
              ·

            	
              Due
      to the fact that the company does not have the ability to conduct
      advertising business, nor is it able to independently fulfill the
      obligations of the cooperation agreement with China Construction Bank,
      both parties agree that the advertising incomes shall be remitted to
      CNET’s account. The incomes of the project will be distributed in
      accordance with the Articles of Association, after the
      equipments  and investments have been
  returned.

            

    

    
      	
               
      

            	
              ·

            	
              Effective
      Term: The agreement is effective from December 15, 2008 to December 15,
      2010.

            

    

    

    Party
A: Beijing
CNET Online Advertising Co., Ltd.

    Party B:
Shanghai Borong Dingsi Computer Technology Co., Ltd.

    

    Party A
and Party B has worked together for half a year with regards to Party A’s
control of 51% of equity in Party B and its business of “Internet Banking
Outdoor Commercial Screens” for China Construction Bank’s domestic internet
sites. In order to better implement Party B’s “Internet Banking Experiencing
All-in-One Engine Strategic Cooperation Agreement” with China Construction Bank
(the “Agreement with Bank”), the Parties agree to the Supplemental Agreement
(this “Agreement”) as follows:

     

     

    Section
1: Scope

    

    
      	
               
      

            	
              ·

            	
              Through
      friendly negotiations, the Parties agree to maintain the legal identity of
      Party B, in order to ensure the normal implementation of the Agreement
      with Bank. All personnel shall be merged into CNET. CNET shall assume all
      of costs and expenses relating to personnel, the market and equipments.
      All business operation shall be done by CNET, which shall distribute
      dividends according to regulations after the merger when the project turns
      a profit. The board of directors shall be established by both Parties,
      which shall manage the company’s business directions and
      goals.

            

    

    

    

    Section
2: Terms

    

    
      	
               
      

            	
              1.

            	
              Party
      B shall not increase its registration capital, and Party A shall not
      directly inject cash into Party B. Through assuming the costs and expenses
      relating to personnel, marketing, operation and related investment in
      equipments for internet banking engines, Party A shall own 51% of Party
      B’s equity.

            

    

    
      	
               
      

            	
              2.

            	
              In
      the future course of operation, the internet banking equipments for the
      China Construction Bank’s Internet Banking project belong to Party A. The
      equipment fixed assets shall be registered under the title of Party
      A.

            

    

    
      	
               
      

            	
              3.

            	
              Because
      Party B does not possess the capability for advertising business, and
      cannot perform independently the terms under the Agreement with Bank, the
      Parties agree that Party B shall not run the advertising business and the
      revenue from the advertising business shall remit to the account of Party
      A. After the return of investment in equipments from revenues generated
      from the project, dividends shall be distributed according to
      regulations.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Section
3: Scope

    

    
      	
               
      

            	
              1.

            	
              Party
      A shall appoint two representatives to the Board of Directors of Party B.
      Party A’s representative shall be the President of the Board and Party B
      shall appoint the CEO. Party A shall appoint two directors and Party B
      shall appoint one director to the
Board.

            

    

    
      	
               
      

            	
              2.

            	
              After
      the set-up of the Board, the Board shall nominate executive officers and
      arrange the organizational structure and senior executives of the company.
      The right to appoint and remove any senior executive above the office of
      vice president shall rest with the
Board.

            

    

    
      	
               
      

            	
              3.

            	
              Party
      A shall have one veto vote for such major decisions of the company as
      mergers and acquisitions, external investment,
  etc.

            

    

    

    

    Section
4: Covenants of Financial Management

    

    
      	
               
      

            	
              1.

            	
              The
      Parties shall manage the financials of the company according to the
      financial management system put forward by Party A’s strategic investor
      and international accounting standards and require the company to operate
      the business strictly in accordance to the new accounting
      rules.

            

    

    
      	
               
      

            	
              2.

            	
              The
      Parties agree that the major operation of the company shall be based
      domestically. The accounting methods and tax reporting forms shall follow
      the accounting regulations of the Chinese government. If there is to be
      any inconsistency, the Parties agree to negotiate a
    solution.

            

    

    
      	
               
      

            	
              3.

            	
              From
      the date when Party A agrees to invest in Party B, Party A may appoint an
      accounting executive to participate in the daily operation of Party B and
      the establishment of standard service
fees.

            

    

    

    

    Section
5: Rights and Obligations of Party A

    

    
      	
               
      

            	
              1.

            	
              Party
      B shall provide Party A with comprehensive legal files and the company’s
      files. Party B shall cooperate fully in providing what Party A needs such
      as the legal structure and preparation of instruments, to preserve the
      timely upgrade of legal files of the Beijing CNET Online Media
      Group.

            

    

    
      	
               
      

            	
              2.

            	
              Party
      B shall cooperate fully with Party A in providing marketing statistics of
      the company and manuals.

            

    

    
      	
               
      

            	
              3.

            	
              Party
      B promised not to provide any company or individual with any intellectual
      property documents and statistics (including software discs, user manuals,
      technical documents, etc.)

            

    

    
      	
               
      

            	
              4.

            	
              After
      Party A provides and promotes client contracts and related statistics,
      Party B shall provide external contracts strictly according to this
      Agreement in order to ensure the normal operation of company clients and
      shall not utilize any external contracts not agreed to by the Parties in
      order to complete the company’s legal files and minimize any legal risks
      for the company.

            

    

    
      	
               
      

            	
              5.

            	
              Party
      B shall provide any related legal files for any change in Party B’s
      employees and recruitment, removal, change of positions, etc. For its
      current employees, it shall make labor contracts according to the
      applicable laws and regulations of the Chinese government, provide them
      with the three insurance and social security and in the meantime improve
      the wage withholding system and promise to provide timely updated
      personnel files to Party A.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Section
6: Rights and Obligations of Party B

    

    
      	
               
      

            	
              1.

            	
              According
      to the agreements of the Parties, Party A shall have the exclusive right
      and require Party B not to engage in any activity harmful or not agreed to
      by the Parties or to disclose any information disadvantageous to Party
      A.

            

    

    
      	
               
      

            	
              2.

            	
              Party
      B shall cooperate fully with Party A in conducting public relations,
      promotion and marketing activities.

            

    

    
      	
               
      

            	
              3.

            	
              In
      the promotion and marketing of capital markets, Party B shall utilize the
      marketing statistics, manual and medial resources provided by Party
      A.

            

    

    
      	
               
      

            	
              4.

            	
              Party
      B shall adhere strictly to requirements when using Party A’s trademarks,
      domain names and web sites’ names, and to keep complete and confidential
      the data provided by Party A.

            

    

    

    Section
7: Term of the Agreement

    

    The term
of this Agreement shall be from December 15, 2008 till December 15, 2010.

    

    Section
8: Confidentiality

    

    Parties
shall keep confidential the terms of this Agreement and all matters related to
the implementation thereof and the duty of confidentiality applies to all
matters learnt during the course of cooperation and any other related commercial
secrets.

    

    Section
9: Breach

    

    If there
is breach to this Agreement, then lawsuits should be filed in Beijing according
to the place of Agreement.

    

     Section
10: Dispute Resolution

    

    If there
is any dispute in the implementation of this Agreement, the Parties shall first
resort to full negotiation and arbitration, and if unsuccessful, any Party may
file lawsuits in Beijing according to the place of Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Section
11: Amendment and Supplement

    

    Any
amendment and supplement to this Agreement shall be only valid after the written
confirmation by both Parties.

    

    Section
12: Effectiveness

    

    This
Agreement shall be effective after the signing by both Parties and has four
counterparts, which each Party holds two copies having the same validity and
enforceability. Any written supplemental agreement shall have the same validity
and enforceability.

    

    Party A
(Seal): Beijing CNET Online Advertising Co., Ltd.

    

    /s/
Handong Cheng

    Signature
of Authorized Representative: Handong Cheng

    

    December
10, 2008

    

    Party B
(Seal): Shanghai Borong Dingsi Computer Technology Co., Ltd.

    

    /s/ Hai
Cui

    Signature
of Authorized Representative: Hai Cui

    

    December
10, 2008

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