Document:

Exhibit 10.2

Exhibit 10.2

May 13, 2009

In connection with the proposed sale of one hundred percent (100%) of the issued and outstanding
limited liability company interest of Ambassadors Marine Group, LLC, a Delaware limited liability
company (“AMG”), by Ambassadors International, Inc., a Delaware corporation
(“Seller”) to Bellwether Financial Group, Inc., a California corporation (“Buyer”),
pursuant to the terms of that certain Membership Interest Purchase Agreement, entered into as of
May 1, 2009, by and among AMG, Seller and Buyer (the “Agreement”), AMG, Seller and Buyer
hereby agree to be bound by the provisions of this letter agreement (this “Letter Agreement”). All
terms used but not otherwise defined herein shall have the respective meanings ascribed to them in
the Agreement.

The Parties agree, notwithstanding anything to the contrary in the Agreement, as follows:

	1.	 	Amendments. Notwithstanding any provision of the Agreement to the contrary, the
Parties hereby agree to amend the Agreement as follows: (a) the Purchase Price and the Closing
Payment shall each be Five Million Dollars ($5,000,000); (b) Buyer shall not be obligated to
make the payments set forth in Section 2.2(b), (c) or (d) of the Agreement and such Sections
are hereby deleted from the Agreement; (c) neither the Purchase Price nor the Closing Payment
shall be adjusted pursuant to Section 2.3 of the Agreement; (d) the Closing Date is May 13,
2009; and (e) the Purchase Price allocated pursuant to Schedule 2.6 of the Agreement shall be
$4,500,000 to Nishida Tekko American Corporation & BMI Acquisition and $500,000 to Bellport
Group, Inc.

	2.	 	Acquired Company Adjustments. The Parties hereby acknowledge and agree that
Schedule 7.7 attached hereto shall be deemed to be Schedule 7.7 under the
Agreement.

	3.	 	Indemnification. Subject to the provisions of Article VIII of the Agreement, Buyer
hereby agrees to also indemnify, defend, save and keep the Seller Indemnitees harmless against
and from all Damages sustained or incurred by Seller Indemnities to the extent they are a
result of, arise out of or are by virtue of Seller’s guaranty of that certain Indemnity
Agreement in favor of CNA Surety dated June 19, 2008.

	4.	 	Notices. Seller hereby covenants to Buyer that within one day after the Closing
Date, Seller will deliver each of the notices referred to in Items 2 through 6 of Section 4.4
of the Disclosure Letter.

	5.	 	Insurance Refund. Seller hereby covenants to Buyer that within one day after the
Closing Date, Seller will fax or email a letter, substantially in the form attached hereto as
Exhibit A (the “Insurance Refund Letter”), to each insurer listed on Section
4.19 of the Disclosure Letter, instructing such insurer to cancel all forms of insurance
maintained by Seller on behalf of, or for the benefit of, any of the Acquired Companies on
their business or employees and to remit all refunds on such insurance which are attributable
to periods commencing immediately after the Closing Date directly to Buyer. Seller covenants
that it shall not rescind, amend or otherwise modify the instructions contained in the
Insurance Refund Letter and in the event an insurer sends any such payment to Seller, Seller
shall immediately, no later than one business day following Seller’s receipt of such
payment, forward such payment to Buyer via overnight or same day delivery. For the
avoidance of doubt, Seller shall not be required to pay to Buyer such refunds on insurance
which are received by Buyer directly pursuant to this paragraph.

 

 

 

	6.	 	Complimentary Cruises. Seller shall provide, or cause its Affiliates to provide,
Buyer or any Person(s) designated by Buyer (each, a “Designee”) a total of
seventy-five (75) complementary Cruises (as defined below) on any cabin on any “Windstar
Cruise” that begins on or prior to May 12, 2012 without paying any cruise fare, taxes or port
charges, ten (10) of which will be on a space available basis 120 days prior to sailing and
sixty-five (65) of which will be on a space available basis 60 days prior to sailing. “Cruise”
shall be defined as any available cabin up to its maximum occupancy. Buyer may schedule the
Cruises by calling the customer representative designated by Seller. Each Designee and his or
her guests shall be obligated to pay any and all fees, expenses or other charges (excluding
taxes and port charges) that are not covered under the standard cruise fare, including,
without limitation, any expenses relating to the purchase of any gifts or alcohol. Each
Designee shall be permitted to gift, donate or otherwise transfer the Cruises without
consideration; provided, that, the Cruises shall not be resold for value. Seller shall
provide Buyer with a report on a quarterly basis showing the number of Cruises used and the
number of Cruises available.

7.      Miscellaneous.

	 	(a)	 	This Letter Agreement may be executed in one or more counterparts, each of
which shall be deemed an original but all of which together will constitute one and the
same instrument.

	 	(b)	 	The provisions of this Letter Agreement shall be binding upon and inure to the
benefit of the Parties named herein and their respective successors and permitted
assigns. No Party may assign either this Letter Agreement or any of its rights,
interests, or obligations hereunder without the prior written approval of the other
Party.

	 	(c)	 	This Letter Agreement shall be governed by and construed in accordance with the
domestic Laws of the State of Delaware without giving effect to any choice or conflict
of Law provision or rule (whether of the State of Delaware any other jurisdiction) that
would cause the application of the Laws of any jurisdiction other than the State of
Delaware.

	 	(d)	 	In the event of any inconsistency between the terms and provisions of this
Letter Agreement and the terms and provisions of any other agreement between or among
the Parties hereto, the terms and provisions of this Letter Agreement shall govern.

	 	(e)	 	Any term or provision of this Letter Agreement that is invalid or unenforceable
in any situation in any jurisdiction shall not affect the validity or enforceability of
the remaining terms and provisions hereof or the validity or enforceability of the
offending term or provision in any other situation or in any other jurisdiction.

 

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	 	(f)	 	This Letter Agreement shall not confer any rights or remedies upon any Person
other than the Parties and their respective successors and permitted assigns.

IN WITNESS WHEREOF, the parties hereto have executed this Letter Agreement as of the day and year
first hereinabove written.

BELLWETHER FINANCIAL GROUP, INC.

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Name:  	Joseph J. Ueberroth 	 	 
	 	Title:  	President 	 	 
	 

AMBASSADORS INTERNATIONAL, INC.

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Name:  	Arthur A. Rodney 	 	 
	 	Title:  	Chief Executive Officer 	 	 
	 

AMBASSADORS MARINE GROUP, LLC

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Name:  	Arthur A. Rodney 	 	 
	 	Title:  	Chief Executive Officer 	 	 

 

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Schedule 7.7

Acquired Company Adjustments

The following intercompany accounts of the Acquired Companies shall be cancelled and adjusted to
zero prior to closing:

Bellport Group, Inc.

	 	 	 
	Due from BMI

	 	$35,541.33 (payroll)

BMI Acquisition Company

	 	 	 
	Due from Bellport 

Due from Bellport

	 	$3,343.55 (admin fees)

$944,410.50 (Anacapa)

 

 

 

EXHIBIT A

Ambassadors International, Inc.

1071 Camelback Street

Newport Beach, CA 92660

May ___, 2009

[ ______________

_______________

______________ ]

RE: [Policy # ______________________] (the “Policy”)

Ladies and Gentlemen:

Please be advised that pursuant to the terms of that certain Membership Interest Purchase
Agreement, entered into as of May 1, 2009 (the “Agreement”), by and among Ambassadors
International, Inc., a Delaware corporation (“Seller”), Ambassadors Marine Group, LLC, a
Delaware limited liability company and a wholly-owned subsidiary of Seller (“AMG”), and
Bellwether Financial Group, Inc., a California corporation (“Buyer”), Seller is selling one
hundred percent (100%) of the issued and outstanding limited liability company interest of AMG to
Buyer.

You are hereby irrevocably instructed to cancel coverage for maintained by Seller on behalf of each
of the companies set forth on Exhibit A attached hereto or on their respective businesses or
employees under the Policy as of the opening of business on May 13, 2009, and to remit all refunds
with respect to Policy which are attributable to periods commencing May 13, 2009 directly to Buyer
at the following address:

Bellwether Financial Group, Inc.

626 Seaward Road

Corona del Mar, CA 92625

Attn: Joseph J. Ueberroth,

with a copy to Seller at the following address:

Ambassadors International, Inc.

1071 Camelback Street

Newport Beach, CA 92660

Attn: Chief Financial Officer

Should you have any questions or concerns regarding the foregoing, please do not hesitate to
contact
 ____________ 
at
 ____________ 
..

 

 

 

	 	 	 	 	 
	 	Sincerely,

AMBASSADORS INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	Arthur A. Rodney 	 
	 	 	Title:  	Chief Executive Officer 	 
	 

cc: Joseph J. Ueberroth

Acknowledged and Agreed as of the date

first above written:

_____________________

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	Name:	 	 	 
	Title:  	 	 	 

 

 

 

EXHIBIT A

	 	 	 
	1. 	 	Bellingham Marine Industries, Inc.
	2. 	 	Florida Floats, Inc.
	3. 	 	Concrete Flotation Systems, Inc.
	4. 	 	BMI Acquisition Co.
	5. 	 	BMI Properties, LLC
	6. 	 	Bellingham Marine Australia Pty,
Ltd.
	7. 	 	Bellingham Marine New Zealand Ltd.
	8. 	 	Bellingham Marine Europe Limited
	9. 	 	Bellingham Marine SEA Sdn. Bhd.
	10. 	 	Bellingham Marine Singapore
	11. 	 	Marine Technologies Pty. Ltd.
	12. 	 	Nishida Tekko America Corp
	13. 	 	Bellingham Marine Mexico, SA. de
C.V
	14. 	 	Marina Accessories, Inc.
	15. 	 	Bellingham Marine Spain, SL
	16. 	 	Bellingham Marine France
	17. 	 	Bellingham Marine Costa Rica SRL
	18. 	 	Bellingham Marine Panama S.A.
	19. 	 	Bellport Group Inc.
	20. 	 	Bellja Holding Co. Inc.
	21. 	 	Ambassadors Marine Group LLC
	22. 	 	Deer Harbor WI, LLCExhibit 4.4

EXHIBIT 4.4

FORM OF EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (the
“Agreement”), is entered into as of
                                
(the “Effective Date”) by and between CNinsure Inc., a company incorporated and existing under the
laws of the Cayman Islands (the “Company”) and
                                                ,
an individual (the “Executive”). Except with respect to the direct employment of the Executive by
the Company, the term “Company” as used herein with respect to all obligations of the Executive hereunder
shall be deemed to include the Company and all of its subsidiaries and affiliated entities (collectively, the
“Group”).

RECITALS

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

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

AGREEMENT

The parties hereto agree as follows:

	1.	 	
POSITION

The Executive hereby accepts a position of
                                  
(the “Employment”) of the Company.

	2.	 	
TERM

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

	3.	 	
PROBATION

No probationary period.

	4.	 	
DUTIES AND RESPONSIBILITIES

The Executive’s duties at the Company will include
all jobs assigned by the Company’s Board of the Directors (the “Board”) or the Company’s
Chief Executive Officer, as the case may be.

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The Executive shall devote all of his or her working time,
attention and skills to the performance of his or her duties at the Company and shall faithfully and diligently serve
the Company in accordance with this Agreement, the Memorandum and Articles of Association of the Company (the
“Articles of Association”), and the guidelines, policies and procedures of the Company approved from
time to time by the Board.

The Executive shall use his or her best efforts to perform
his or her duties hereunder. The Executive shall not, without the prior written consent of the Board, become an
employee of any entity other than the Company and any subsidiary or affiliate of the Company, and shall not be
concerned or interested in any business or entity that carries on insurance intermediary business, including without
limitation insurance agency, brokerage and claims adjusting business (any such business or entity, a
“Competitor”), provided that nothing in this clause shall preclude the Executive from holding any
shares or other securities of any Competitor that is listed on any securities exchange or recognized securities market
anywhere. The Executive shall notify the Company in writing of his or her interest in such shares or securities in a
timely manner and with such details and particulars as the Company may reasonably require.

	5.	 	
NO BREACH OF CONTRACT

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

	6.	 	
LOCATION

The Executive will be based in Guangzhou, China. The
Company reserves the right to transfer or second the Executive to any location in China or elsewhere in accordance with
its operational requirements.

	7.	 	
COMPENSATION AND BENEFITS

	 	(a)	 	
Cash Compensation. The Executive’s cash compensation (including salary
and bonus) shall be subject to annual review and adjustment by the Company.

	 	(b)	 	
Equity Incentives. To the extent the Company adopts and maintains a share
incentive plan, the Executive will be eligible for participating in such plan pursuant to the terms thereof as
determined by the Company.

	 	(c)	 	
Benefits. The Executive is eligible for participation in any standard employee
benefit plan of the Company that currently exists or may be adopted by the Company in the future, including, but not
limited to, any retirement plan, life insurance plan, health insurance plan and travel/holiday plan.

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	8.	 	
TERMINATION OF THE AGREEMENT

	 	(a)	 	
By the Company.

(i) For Cause. The Company may terminate the
Employment for cause, at any time, without notice or remuneration (unless notice or remuneration is specifically
required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law),
if:

(1) the Executive is convicted or pleads guilty to a
felony or to an act of fraud, misappropriation or embezzlement,

(2) the Executive has been negligent or acted
dishonestly to the detriment of the Company,

(3) the KPI score assessed by the Company of the
executive is below 60 for any fiscal year or below 85 for two consecutive fiscal years, or

(4) the Executive has engaged in actions amounting to
misconduct or failed to perform his or her duties hereunder and such failure continues after the Executive is afforded
a reasonable opportunity to cure such failure.

(ii) For death and disability. The Company may also
terminate the Employment, at any time, without notice or remuneration (unless notice or remuneration is specifically
required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law),
if:

(1) the Executive has died, or

(2) the Executive has a disability which shall mean a
physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to perform the
essential functions of his or her employment with the Company, even with reasonable accommodation that does not impose
an undue hardship on the Company, for more than 90 days in any 12-month period, unless a longer period is required
by applicable law, in which case that longer period would apply.

(iii) Without Cause. In addition, the Company may
terminate the Employment without cause, at any time, upon a two-month written notice, and upon termination without
cause, the Company shall provide the Executive a lump-sum severance payment in an amount of RMB 500,000 (unless
otherwise specifically required by applicable law). The vesting and excising time of the options which are granted but
not vested to the executive in accordance with the Option Agreement between the Company and executive, if any, shall be
subject to the written resolution by the Compensation Committee.

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	 	(b)	 	
By the Executive. The Executive may terminate the Employment at any time with a
one-month prior written notice to the Company, if (1) there is a material reduction in the Executive’s
authority, duties and responsibilities, or (2) there is a material reduction in the Executive’s annual
salary before the next annual salary review. In addition, the Executive may resign prior to the expiration of the
Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is
agreed to by the Board.

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

	9.	 	
CONFIDENTIALITY AND NONDISCLOSURE

	 	(a)	 	
Confidentiality and Non-disclosure. The Executive hereby agrees at all times
during the term of the Employment and after its termination, to hold in the strictest confidence, and not to use,
except for the benefit of the Company, or to disclose to any person, corporation or other entity without written
consent of the Company, any Confidential Information. The Executive understands that “Confidential
Information” means any proprietary or confidential information of the Company, its affiliates, or their
respective clients, customers or partners, including, without limitation, technical data, trade secrets, research and
development information, product plans, services, customer lists and customers (including, but not limited to,
customers of the Company on whom the Executive called or with whom the Executive became acquainted during the term of
his or her employment), supplier lists and suppliers (including, but not limited to, insurance company partners),
software developments, inventions, processes, formulas, technology, designs, hardware configuration information,
personnel information, marketing, finances, information about the suppliers, joint ventures, franchisees, distributors
and other persons with whom the Company does business, information regarding the skills and compensation of other
employees of the Company or other business information disclosed to the Executive by or obtained by the Executive from
the Company, its affiliates, or their respective clients, customers or partners either directly or indirectly in
writing, orally or otherwise, if specifically indicated to be confidential or reasonably expected to be confidential.
Notwithstanding the foregoing, Confidential Information shall not include information that is generally available and
known to the public through no fault of the Executive.

	 	(b)	 	
Company Property. The Executive understands that all documents (including
computer records, facsimile and e-mail) and materials created, received or transmitted in connection with his work or
using the facilities of the Company are property of the Company and subject to inspection by the Company, at any time.
Upon termination of the Executive’s employment with the Company (or at any other time when requested by the
Company), the Executive will promptly deliver to the Company all documents and materials of any nature pertaining to
his work with the Company and will provide written certification of his compliance with this Agreement. Under no
circumstances will the Executive have, following his termination, in his possession any property of the Company, or any
documents or materials or copies thereof containing any Confidential Information.

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	 	(c)	 	
Former Employer Information. The Executive agrees that he or she has not and
will not, during the term of his or her employment, (i) improperly use or disclose any proprietary information or
trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty to
keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of the Company any
document or confidential or proprietary information belonging to such former employer, person or entity unless
consented to in writing by such former employer, person or entity. The Executive will indemnify the Company and hold it
harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and
costs of suit, arising out of or in connection with any violation of the foregoing.

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

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

	10.	 	
CONFLICTING EMPLOYMENT

The Executive hereby agrees that, during the term of his or
her employment with the Company, he or she will not engage in any other employment, occupation, consulting or other
business activity related to the business in which the Company is now involved or becomes involved during the term of
the Executive’s employment, nor will the Executive engage in any other activities that conflict with his or her
obligations to the Company without the prior written consent of the Company.

	11.	 	
NON-COMPETITION AND NON-SOLICITATION

In consideration of the salary paid to the Executive by the
Company and subject to applicable law, the Executive agrees that during the term of the Employment and for a period of
one (1) years following the termination of the Employment for whatever reason:

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

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

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

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

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

	12.	 	
WITHHOLDING TAXES

Notwithstanding anything else herein to the contrary, the
Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable
under or pursuant to this Agreement such national, provincial, local or any other income, employment, or other taxes as
may be required to be withheld pursuant to any applicable law or regulation.

	13.	 	
ASSIGNMENT

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

	14.	 	
SEVERABILITY

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

	15.	 	
ENTIRE AGREEMENT

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

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	16.	 	
GOVERNING LAW AND JURISDICTION

This Agreement shall be governed by and construed in
accordance with the laws of the People’s Republic of China. Each party hereto irrevocably agrees that the courts
of the People’s Republic of China shall have jurisdiction to hear and determine any suit, action or proceeding,
and to settle any disputes which may arise out of or in connection with this Agreement and for such purposes
irrevocably submits to the jurisdiction of such courts.

	17.	 	
AMENDMENT

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

	18.	 	
WAIVER

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

	19.	 	
NOTICES

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

	20.	 	
LANGUAGE

This Agreement is written in Chinese and English language.
If there are inconsistencies, the English version will prevail. Both English and Chinese language also will be the
controlling language for all future communications between the parties hereto concerning this Agreement.

	21.	 	
COUNTERPARTS

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

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	22.	 	
NO INTERPRETATION AGAINST DRAFTER

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

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

 

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

CNinsure Inc.

By:
                                                              

Name

Title:

Executive

Signature:
                                                   

Name: 

Title:

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