Document:

Exhibit 10.42

 

This is an English translation.

 

 

Debt Transfer Agreement

 

Transferor: Beijing China Auto Rental Co., Ltd.

 

Transferee: Lianhui Auto (Langfang) Co., Ltd.

 

Debtor: Beijing Huaxia United Automobile Association Co., Ltd.

 

WHEREAS the Transferor becomes the creditor of the Debtor due to business transactions, and as of 29 February 2012, the Debtor owed RMB 11,222,422.22 in total to the Transferor (hereinafter the “Debts”). The Transferor, the Transferee and the Debtor hereby reach an agreement consenting the Transferor to transfer the Debts to the Transferee at the same value. Effective from 29 February 2012, the Transferee shall become the creditor of such Debts, and the Debtor shall repay such Debts to the Transferee.

 

IN WITNESS WHEREOF, the authorized signatories of the three parties have signed their names in the following page on 29 February 2012.

 

This Debt Transfer Agreement shall be governed by the laws of the People’s Republic of China.

 

[Signature Page Below]

 

 

Transferor: Beijing China Auto Rental Co., Ltd.

 

 

	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Charles Zhengyao Lu
    	
 
    
	
Charles Zhengyao Lu
    	
 
    
	
Legal Representative
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Transferee: Lianhui Auto (Langfang) Co., Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Charles Zhengyao Lu
    	
 
    
	
Charles Zhengyao Lu
    	
 
    
	
Legal Representative
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Debtor: Beijing Huaxia United Automobile Association   Co., Ltd.
    
	
 
    	
 
    
	
 
    	
 
    
	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Linan Zhu
    	
 
    
	
Linan Zhu
    	
 
    
	
Legal   RepresentativeExhibit 10.43

 

This is an English translation.

 

Debt Transfer Agreement

 

Transferor: Beijing China Auto Rental Co., Ltd.

 

Transferee: Lianhui Auto (Langfang) Co., Ltd.

 

Debtor: Beijing Shenzhou Deke Technology Development Co., Ltd.

 

WHEREAS the Transferor becomes the creditor of the Debtor due to business transactions, and as of 29 February 2012, the Debtor owed RMB 3,460,000.00 in total to the Transferor (hereinafter the “Debts”), the Transferor, the Transferee and the Debtor hereby reach an agreement consenting the Transferor to transfer the Debts to the Transferee at the same value. Effective from 29 February 2012, the Transferee shall become the creditor of such Debts, and the Debtor shall repay such Debts to the Transferee.

 

IN WITNESS WHEREOF, the authorized signatories of the three parties have signed their names in the following page on 29 February 2012.

 

The Transferor and the Debtor hereby irrevocably agree that the Promissory Note in the amount of RMB 3,460,000.00 issued by the Debtor to the Transferor on 27 February 2012 shall become null and void from the date of this Debt Transfer Agreement.

 

This Debt Transfer Agreement shall be governed by the laws of the People’s Republic of China.

 

[Signature Page Below]

 

 

Transferor: Beijing China Auto Rental Co., Ltd.

 

 

	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Charles Zhengyao Lu
    	
 
    
	
Charles Zhengyao Lu
    	
 
    
	
Legal Representative
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Transferee: Lianhui Auto (Langfang) Co., Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Charles Zhengyao Lu
    	
 
    
	
Charles Zhengyao Lu
    	
 
    
	
Legal Representative
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Debtor: Beijing   Shenzhou Deke Technology Development Co., Ltd.
    
	
 
    	
 
    
	
 
    	
 
    
	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Charles Zhengyao Lu
    	
 
    
	
Charles Zhengyao Lu
    	
 
    
	
Legal RepresentativeExhibit 10.44

 

This is an English translation.

 

Debt Transfer Agreement

 

Transferor: Beijing Huaxia United Auto Network Technology Co., Ltd.

 

Transferee: Beijing Shenzhou Deke Technology Development Co., Ltd.

 

Debtor: Lianhui Auto (Langfang) Co., Ltd.

 

WHEREAS the Transferor becomes the creditor of the Debtor due to business transactions, and as of 29 February 2012, the Debtor owed RMB 5,200,000.00 in total to the Transferor (hereinafter the “Debts”), the Transferor, the Transferee and the Debtor hereby reach an agreement consenting the Transferor to transfer the Debts to the Transferee at the same value. Effective from 29 February 2012, the Transferee shall become the creditor of such Debts, and the Debtor shall repay such Debts to the Transferee.

 

IN WITNESS WHEREOF, the authorized signatories of the three parties have signed their names in the following page on 29 February 2012.

 

The Transferor and the Debtor hereby irrevocably agree that the Promissory Note in the amount of RMB 5,200,000.00 issued by the Debtor to the Transferor on 27 February 2012 shall become null and void from the date of this Debt Transfer Agreement.

 

This Debt Transfer Agreement shall be governed by the laws of the People’s Republic of China.

 

[Signature Page Below]

 

 

Transferor: Beijing Huaxia United Auto Network Technology Co., Ltd.

 

 

	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Linan Zhu
    	
 
    
	
Linan Zhu
    	
 
    
	
Legal Representative
    	
 
    
	
 
    	
 
    
	
 
    
	
Transferee: Beijing   Shenzhou Deke Technology Development Co., Ltd.
    
	
 
    	
 
    
	
 
    	
 
    
	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Charles Zhengyao Lu
    	
 
    
	
Charles Zhengyao Lu
    	
 
    
	
Legal Representative
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Debtor: Lianhui Auto (Langfang) Co., Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Charles Zhengyao Lu
    	
 
    
	
Charles Zhengyao Lu
    	
 
    
	
Legal RepresentativeExhibit 10.45

 

This is an English translation.

 

Debt Transfer Agreement

 

Transferor: Beijing Huaxia United Automobile Association Co., Ltd.

 

Transferee: Lianhui Auto (Langfang) Co., Ltd.

 

Debtor: Beijing Shenzhou Deke Technology Development Co., Ltd.

 

WHEREAS the Transferor becomes the creditor of the Debtor due to business transactions, and as of 29 February 2012, the Debtor owed RMB 8,171,777.78 in total to the Transferor (hereinafter the “Debts”), the Transferor, the Transferee and the Debtor hereby reach an agreement consenting the Transferor to transfer the Debts to the Transferee at the same value. Effective from 29 February 2012, the Transferee shall become the creditor of such Debts, and the Debtor shall repay such Debts to the Transferee.

 

IN WITNESS WHEREOF, the authorized signatories of the three parties have signed their names in the following page on 29 February 2012.

 

The Transferee and the Debtor hereby irrevocably agree that the Promissory Note in the amount of RMB 8,609,891.61 issued by the Debtor to the Transferee on 27 February 2012 shall become null and void from the date of this Debt Transfer Agreement.

 

The Transferor and the Transferee hereby irrevocably agree that the Promissory Note in the amount of RMB 19,394,200 issued by the Transferee to the Transferor on 27 February 2012 shall become null and void from the date of this Debt Transfer Agreement.

 

This Debt Transfer Agreement shall be governed by the laws of the People’s Republic of China.

 

 

[Signature Page Below]

 

 

Transferor: Beijing Huaxia United Automobile Association Co., Ltd.

 

 

	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Linan Zhu
    	
 
    
	
Linan Zhu
    	
 
    
	
Legal Representative
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Transferee: Lianhui Auto (Langfang) Co., Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Charles Zhengyao Lu
    	
 
    
	
Charles Zhengyao Lu
    	
 
    
	
Legal Representative
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Debtor: Beijing   Shenzhou Deke Technology Development Co., Ltd.
    
	
 
    	
 
    
	
 
    	
 
    
	
[Company seal affixed]
    	
 
    
	
 
    	
 
    
	
/s/ Charles Zhengyao Lu
    	
 
    
	
Charles Zhengyao Lu
    	
 
    
	
Legal RepresentativeExhibit 10.46

 

PROMISSORY NOTE

 

	
Effective   Date: February 29, 2012
    	
Amount RMB1,301,686.17
    

 

PROMISE TO PAY.  Lianhui Auto (Langfang) Co., Ltd., a company organized and existing under the laws of the People’s Republic of China (the “Company”) promises to pay to the order of Beijing Shenzhou Deke Technology Development Co., Ltd., a company organized and existing under the laws of the People’s Republic of China (“Lender”) RMB1,301,686.17 (the “Indebtedness”).

 

MATURITY AND PAYMENT. This Note shall mature within fifteen (15) Business Days after receipt of written notice to the Company by Lender of its demand of repayment of the Indebtedness (the “Due Date”), and the entire balance of the Indebtedness shall be due and payable in full on the Due Date. All payments hereunder shall be in immediately available RMB funds. For the purposes of this Note, “Business Day” shall mean any day other than a Saturday, Sunday or legal holiday under the laws of the People’s Republic of China.

 

MISCELLANEOUS. Nothing in this Note shall waive or restrict any right of Lender granted in any other document or by law.  No delay on the part of Lender in the exercise of any right or remedy shall operate as a waiver. The terms and conditions of this Note may not be amended, waived or modified except in a writing signed by Lender expressly stating that the writing constitutes an amendment, waiver, or modification of the terms of this Note. This Note shall bind the respective successors and assigns of the Company. This Note is governed by the laws of the People’s Republic of China and is made effective as of the Effective Date.

 

SIGNATURES ON THE FOLLOWING PAGE

 

1

 

The Company has duly executed this Note as of February 29, 2012.

 

 

	
 
    	
Lianhui   Auto (Langfang) Co., Ltd.
    
	
 
    	
 
    
	
 
    	
a   company incorporated in the People’s Republic of China
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
[Company   seal affixed]
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Charles Zhengyao Lu
    
	
 
    	
 
    	
Name:   
    	
Charles   Zhengyao Lu
    
	
 
    	
 
    	
Title:   
    	
Legal   Representative
    

 

2

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