Document:

EX-10.3

 Exhibit 10.3 

500.COM LIMITED 
 FORM OF
EXECUTIVE EMPLOYMENT AGREEMENT 
 This Executive Employment Agreement, dated as of
                , 20     (this “Agreement”), is executed by and between 500.com Limited, an exempted company with limited liability
incorporated and existing under the laws of the Cayman Islands (the “Company”) and                      (holding passport of
                     with passport number of             /PRC Identification Card No.
                    ) (the “Executive”). 

RECITALS 
 The Company desires to
employ the Executive, and the Executive agrees to be employed by the Company, and act as                      of the Company, all pursuant to
the terms and conditions of this Agreement; 
 NOW, THEREFORE, the parties hereto agree as follows: 

 

	1.	TERM OF EMPLOYMENT 

  

	 	1.1	The Company shall employ the Executive to take the position as set forth in Article 2 hereof, perform the duties and responsibilities as set forth in Article 2 hereof, and render services to the Company during a term of
[five (5)] years commencing on                 , 20     and ending on
                , 20     (the “Term”) . The Term may be early terminated pursuant to the provisions of Articles 4 and 5 hereof.

  

	2.	POSITION, DUTIES AND RESPONSIBILITIES 

  

	 	2.1	Position. The Executive shall be employed and act as the                      of the Company with all
responsibilities that are customary for such officer, as well as other responsibilities reasonably assigned to the Executive by the Company. The Executive may take position in any Affiliate (as defined in Article 2.2 hereof) of the Company and is
hereby appointed as                      of
                    , an Affiliate of the Company, subject to the approval of such appointment by the board of directors of such Affiliate, and shall
initial work in [Shenzhen, China]. The entity in which the Executive takes position and the location where the Executive works may be appropriately adjusted according to the operative demands of the Company in the future. The Executive shall use
his/her best efforts to perform his/her duties and shall comply with all applicable laws, regulations and rules as well as the memorandum and articles of association and corporate and business policies and procedures of the Company. The Executive
shall adhere to good business ethics and practices and shall not take advantage of his/her position for personal gains. 

  

	 	2.2	For the purpose of this Agreement, “Affiliate” means any entity directly or indirectly controlled by the Company. For the purpose of this Article, “Control” means the direct or indirect possession of
the power to direct or cause to direct the management and policies of such entity, whether through ownership of voting securities, by contract or otherwise, including, without limitation, (a) the direct or indirect ownership of 50% or more of
the outstanding stocks or other equity interests issued by such entity, (b) direct or indirect ownership of the 50% or more voting power of such entity, or (c) the power to appoint, directly or indirectly, a majority of the members of the
board of directors or other similar decision-making organization of such entity. 

	 	2.3	Voting Restriction. If the Executive is elected as a director of the Company, the Executive shall refrain from voting, in his/her capacity of a director of the Company, on matters in relation to his/her
employment or termination of his/her employment at meetings of the board of directors of the Company. 

  

	 	2.4	Other Activities. Except with the prior written approval of the Company, the Executive shall not render commercial or professional services of any nature to any person or organization, whether or not for
compensation; and the Executive will not directly or indirectly engage, participate, invest, finance or otherwise assist in any business activity that is potentially competitive in any manner with the business of the Company or any Affiliate or any
business activity that may cause the Executive to be in conflict of interest with the Company or any Affiliate, whether or not for profit. 

  

	3.	COMPENSATION AND BENEFITS 

 As full consideration for the services to be provided by the
Executive under this Agreement and as full compensation for the obligations and restrictions to be imposed on the Executive by this Agreement, the Company shall or have its Affiliate in which the Executive holds a position, as the case may be, pay
the Executive, and the Executive agrees to accept, the base salary, bonus, share option and other incentive programs, and other benefits as set forth in this Article 3. 
  

	 	3.1	Base salary. The Company shall pay base salaries to the Executive in the amount and by the means as set forth in Part I of Exhibit A hereof. 

 

	 	3.2	Bonus. The Executive may be entitled to the performance-based bonus as set forth in Part II of Exhibit A hereof. 

  

	 	3.3	Share Options and Other Incentive Programs. The Executive shall be eligible to participate in any share option or other incentive program available to officers or employees of the Company as determined by the
Company. 

  

	 	3.4	Benefits. The Executive will be eligible to receive any benefit as the Company or the Affiliate with which the Executive works generally provides to its other employees of comparable position in accordance with
the benefit plans established and amended from time to time at its sole discretion by the Company or such Affiliate, including without limitation, various mandatory health care, insurance and pension plans required in the jurisdiction where the
Company or such Affiliate is located. The annual paid leave of the Executive shall be [twenty (20)] working days. 

  

	4.	TERMINATION BY THE COMPANY. 

  

	 	4.1	Termination for Cause. For purposes of this Agreement, unless otherwise provided under applicable laws, “Cause” will exist at any time after the occurrence of one or more of the following events:
(a) the Executive commits willful misconduct or gross negligence in performance of his duties hereunder (“Malfeasance”) and fails to correct such Malfeasance within a reasonable period specified by the Company after the Company has
sent the Executive a written notice demanding correction within such a period; (b) the Executive has committed Malfeasance and has caused serious losses and damages to the Company; (c) the Executive seriously violates the internal rules of
the Company and fails to correct such violation within a reasonable period specified by the Company after the Company has sent the Executive a written notice demanding correction within such a period; (d) the Executive has seriously violated
the internal rules of and has caused serious losses and damages to the Company; (e) the Executive is convicted by a court or has pleaded guilty of theft, fraud or other criminal offense; or (f) the Executive seriously breaches his/her duty
of loyalty to the Company or an Affiliate under the laws of the Cayman Islands, the PRC or other relevant jurisdictions. The Company may terminate the employment of the Executive for Cause at any time without prior written notice. Upon termination,
the Company shall pay all compensation of the Executive accrued up to the date of termination pursuant to Article 3 hereof; provided, however, that the Company may deduct and withhold any amount it is entitled to as damages under applicable laws.
Thereafter, all obligations of the Company under this Agreement shall terminate. 

  
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	 	4.2	Termination without Cause. The Company may terminate the Executive’s employment by a 30-day prior written notice. Upon termination, the Company shall pay all compensation of the Executive accrued up to the
date of termination pursuant to Article 3 hereof; provided, however, that the Company may deduct and withhold any amount it is entitled to as damages under applicable laws. Thereafter, all obligations of the Company under this Agreement shall
terminate. 

  

	 	4.3	Termination By Reason of Death. The employment of the Executive by the Company shall be automatically ceased upon the death of the Executive. In the event that employment of the Executive by the Company
terminates as a result of the Executive’s death, the Executive’s estate or heirs will receive all unpaid compensation accrued as of the date of the termination of the employment as provided in Article 3 hereof; provided that, the Company
may deduct and withhold any amount it is entitled to as damages under applicable laws. Thereafter, all obligations of the Company under this Agreement shall terminate. Nothing contained herein shall prevent the estate or heirs of the Executive from
being entitled to any interest or other applicable benefits under any life insurance programs (if any). If the death of the Executive occurs during the performance of his/her duties for the Company, the Company shall pay to the appropriate
beneficiaries a special compensation at an amount to be determined by the Company which shall not exceed the annual base salary of the Executive as set forth in Article 3.1 hereof. 

 

	 	4.4	Termination By Reason of Disability. In the event that the Executive is entitled to long-term disability benefits of the Company, or in the event that, in the judgment of the Company, the Executive is not able to
perform his/her duties for 90 consecutive days or 120 days or longer in a 12-month period due to his/her physical or psychological problems, the Company may terminate the Executive’s employment, provided that such termination is permitted by
the law. Upon termination, the Company shall pay all compensation of the Executive accrued up to the date of termination pursuant to Article 3 hereof; provided, however, that the Company may deduct and withhold any amount it is entitled to as
damages under applicable laws. Thereafter, all obligations of the Company under this Agreement shall terminate. The provisions of this Article 4.3 shall not affect the Executive’s rights under any disability program that he/she participates (if
any). 

  
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	5.	TERMINATION BY THE EXECUTIVE 

  

	 	5.1	The Executive may voluntarily terminate his/her employment with the Company with or without cause by a three-month prior written notice. During such three-month notice period, the Executive shall continue to perform
diligently his/her duties and responsibilities under this Agreement. The Company shall have the discretion to terminate its employment with the Executive prior to the last day of such three-month period; provided that the Company shall have paid the
Executive all of his/her compensation accrued through the last day of such three-month period pursuant to Article 3 hereof. Thereafter, the Company’s obligations hereunder shall terminate. In such case, the Company shall not be responsible for
paying any severance pay or other benefits to the Executive. 

  

	6.	RESPONSIBILITIES UPON TERMINATION 

  

	 	6.1	Return of Documents. The Executive agrees to promptly return to the Company all documents and materials in any form received by the Executive by virtue of his/her employment with the Company upon or prior to the
termination of his/her employment with the Company, including, without limitation, all originals and copies of any Proprietary Information as defined in Article 8 hereof as well as any part thereof, together with all equipment and other tangible or
intangible assets of the Company. The Executive agrees not to retain any document or material that contains such Proprietary Information or any copy thereof. 

  

	 	6.2	Survival. The Executive further agrees that (a) all representations, warranties and obligations under Articles 6, 7, 8, 9, 11 and 14 hereof shall survive the termination or expiration of the Term;
(b) all representations, warranties and obligations under Articles 6, 7, 8, 9, 11 and 14 hereof shall also survive the termination of this Agreement; and (c) after termination or expiration of the Term, the Executive shall use his/her best
efforts to cooperate with the Company in connection with such surviving obligations, including, without limitation to, completion of outstanding work on behalf of the Company, transfer of his/her assignments to designated employees of the Company,
and dependence of the Company against claims raised by any third party in connection with any action or negligence of the Executive during his employment with the Company. 

 

	7.	RESTRICTED ACTIVITIES 

  

	 	7.1	No-use of Proprietary Information. The Executive acknowledges that to conduct any activity restricted in this Article will certainly involve the use or disclosure of Proprietary Information as defined in Article
8 hereof and consequently result in a breach of such Article, and it will be difficult to directly demonstrate a breach of Article 8 hereof. Therefore, in order to prevent the Executive from using or disclosing the Proprietary Information as defined
in Article 8 and as a condition to employing the Executive, the Executive agrees that during his/her employment with the Company and for a period of two years after the termination or expiration of the employment, the Executive shall not, directly
or indirectly: 

  

	 	(a)	refer or attempt to refer to any third party any business in which the Company or its Affiliates currently engage or will likely engage or participate, including, without limitation, solicitation or provision of any
business or services that are essentially similar to the business of the Company or its Affiliates on behalf of any individual, company or other entity who was then an existing or prospective customer, supplier or partner of the Company or its
Affiliates. 

  

	 	(b)	solicit or employ any person with whom the Company or its Affiliates maintain employment or consulting relation, or otherwise direct or cause any person to terminate his/her employment or consulting relationship with
the Company or its Affiliates. 

  
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	 	7.2	Non-Competition 

  

	 	(a)	During the Restrictive Period set forth in Article 7.2(b) hereof, the Executive shall not, directly or indirectly, engage in any manner in any business that may compete with the business of the Company anywhere in the
world, and without the prior written consent of the Company, the Executive shall not, directly or indirectly, anywhere in the world, own an interest in, manage, operate, join, control, lend money or render financial or other assistance to or
participate in or be connected with, as an officer, employee, partner, stockholder, consultant or otherwise, any person that competes with the Company. 

  

	 	(b)	In this Article 7.2, “Restricted Period” shall mean the Term of this Agreement and two (2) years after the expiration or early termination thereof. 

 

	 	(c)	In the event that the Executive is in breach of the provisions of Article 7.2(a) hereof, the Restricted Period shall be extended by the length of the period of such breach. 

 

	 	(d)	The Executive acknowledges that the compensation to be paid by the Company shall have contained any and all economic consideration for each and all obligations of the Executive under this Article 7.2. 

 

	 	7.3	Enforceability. Each covenant contained in this Article 7 constitutes an independent covenant, and if any covenant in unenforceable, other covenants shall continue to be valid and binding. In the event the term
of any restriction or the territorial restriction contained in this Article 7 is finally determined by a competent court to have exceeded the maximum extent deemed reasonable and enforceable by such court, then this Agreement shall be amended as
such to adopt the longest term or largest territory deemed by such court to be enforceable. 

  

	 	7.4	Independent Covenant. All covenants contained in this Article 7 shall be interpreted as a separate agreement independent of other provisions of this Agreement. Any lawsuit or claim brought by the Executive
against the Company (whether by virtue of this Agreement or any other agreement) shall not constitute a defense against the enforcement of this Article 7 by the Company. 

 

	8.	PROPRIETARY INFORMATION 

  

	 	8.1	The Executive agrees that during his/her employment with the Company and within two (2) years after termination of his/her employment with the Company, he/she will keep in strict confidence all Proprietary
Information and, without the prior written consent of the Company, will not use or disclose to any individual, entity or company the Proprietary Information other than the use or disclosure for the purposes of performing his/her duties and
responsibilities and in favor of the Company to the extent necessary. “Proprietary Information” shall mean any proprietary, confidential or secret information disclosed to the Executive in connection with the Company, the business of the
Company, or the parent, subsidiaries, Affiliates, customers or suppliers of the Company or their respective businesses, or any other party to which the Company has confidentiality obligation (the “Related Party”) or its business. Such
Proprietary Information shall include, without limitation, trade secrets, manuals, hardware, students’ personal information, terms of business agreements and contracts, research materials, business strategies, personnel information, market
information, technical materials, forecasts, promotion, financial and other business information of the Company or the Related Parties, no matter such information is directly or indirectly disclosed to the Executive in writing, orally, in the form
of image or object or otherwise. The Executive understands that the Proprietary Information does not include any of the foregoing that has become known to the public. 

  
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	9.	INTELLECTUAL PROPERTY 

  

	 	9.1	Inventions Retained and Licensed. Exhibit B of this Agreement sets forth all inventions which were made by the Executive prior to his/her employment with the Company (collectively, the “Prior
Inventions”), including all processes, inventions, technology, original works of authorship, developments, improvements, formulas, patents, discoveries, copyrights and trade secrets. Such Prior Inventions, which belong to the Executive and are
related to the Company’s proposed business, products or research and development, are not assigned to the Company hereunder. In case that there is no Prior Invention listed in Exhibit B hereof, the Executive hereby confirms that no Prior
Invention exist. If in the course of his/her employment with the Company, the Executive incorporates into a Company product, process, machine or other project a Prior Invention owned by the Executive or in which the Executive has an interest, the
Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify, use, sell and engage in other actions with respect to such Prior Invention as part of or in connection with
such product, process or machine. 

  

	 	9.2	Assignment of Inventions. The Executive agrees that he/she will promptly make full written disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby assign to the
Company, or its designee, without further compensation, all his/her right, title, and interest in and to any and all inventions, original works of authorship, developments, concepts, improvements or trade secrets, whether or not patentable or
registrable under copyright or similar laws, which the Executive may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the period of time the Executive is in the
employment of the Company and within twelve (12) months after the termination or expiration of the employment (collectively referred to as “Inventions”), except as provided in Article 9.3 below. The Executive further agrees that all
patentable and copyrightable works which are made by the Executive (solely or jointly with others) within the scope of and during the period of his/her employment with the Company, are “works made for hire” and the Executive hereby assigns
all proprietary rights, including patent and copyright, in these works to the Company without further compensation. 

  

	 	9.3	Unrelated Inventions. Inventions as referenced to in Article 9.2 hereof does not include inventions which the Executive can demonstrate to be developed entirely on his/her own time without using the
Company’s equipment, supplies, facilities or trade secret information (the “Unrelated Inventions”), unless those inventions that are either (i) related at the time of conception or reduction to practice of the invention to the
Company’s business, or actual or demonstrably anticipated research or development of the Company, or (ii) result from any work performed by Executive for the Company. The Executive agrees to disclose promptly to the Company all such
Unrelated Inventions and to provide the Company or its assignee first rights of refusal to license such disclosed Unrelated Inventions within three months after his/her disclosure of such Unrelated Inventions based on commercially negotiated terms.

  
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	 	9.4	Maintenance of Records. The Executive agrees to keep and maintain adequate and current written records of all Inventions made by the Executive (solely or jointly with others) during the term of his/her employment
with the Company. The records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company. The records will be available to and remain the sole property of the Company at all times. 

 

	 	9.5	Patent and Copyright Registrations. 

  

	 	(a)	The Executive agrees to assist the Company, or its designee, upon the instruction of the Company, in every proper way to secure the Company’s rights in the Inventions and any copyrights, patents or other
intellectual property rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments and all
other instruments which the Company shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns, and nominees the sole and exclusive rights, title and interest in and to
such Inventions, and any copyrights, patents or other intellectual property rights relating thereto. 

  

	 	(b)	The Executive further agrees that his/her obligation to execute or cause to be executed any such instrument or papers shall continue after the termination of this Agreement. If the Company is unable because of the
Executive’s mental or physical incapacity or for any other reason to secure his/her signature to apply for or to pursue any application for any domestic or foreign patents or copyright registrations covering Inventions assigned to the Company
as above, then the Executive hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as his/her agent and attorney in fact, to act for and in his/her behalf and stead to execute and file any such
applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by the Executive. 

 

	10.	INFORMATION OF PREVIOUS EMPLOYER 

  

	 	10.1	The Executive agrees that during his/her employment with the Company he/she will not inappropriately use or disclose any proprietary information or trade secrets owned by any previous employer of the Executive or any
other individual or entity obtained prior to his/her employment with the Company, nor will he/she bring to the Company any such non-public document or proprietary information. 

  
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	11.	INFORMATION OF THIRD PARTIES 

  

	 	11.1	The Executive hereby acknowledges that the Company has received and may continue to receive from third parties confidential or proprietary information. The Executive agrees to keep in strict confidence all of such
confidential or proprietary information in his/her possession and to refrain from using or disclosing to any individual, entity or company such confidential or proprietary information, except that such use or disclosure is in compliance with the
agreement between the Company and such third party and is necessary for the performance of relevant work on behalf of the Company. 

  

	12.	NO-CONFLICT 

  

	 	12.1	The Executive represents and warrants that the execution by the Executive of this Agreement, the employment with the Company, and the performance by the Executive of his/her duties and responsibilities pursuant to this
Agreement will not breach any of his/her legal or contractual obligation to any prior employer of the Executive or any other parties, including, without limitation, any obligation in respect of proprietary or confidential information or intellectual
property rights of such party. 

  

	13.	FOREIGN CORRUPTION ACT 

  

	 	13.1	The Executive agrees to diligently adhere to the Foreign Corrupt Practices Act attached as Exhibit E hereof. 

  

	 	13.2	The Executive agrees and promises not to provide or offer any remuneration, gift, service or article of value to any government officials (including working stuff or employees of any government or administrative
agencies, political parties or candidates) of any country for any reason. The Executive further agrees and promises that the Executive will not accept any remuneration in the form of cash or other tangible objects from any person in performing
his/her duties under this Agreement other than the compensation specified in Article 3 of this Agreement. The Executive promises that all conducts of the Executive under this Agreement shall be in compliance with all relevant laws, regulations and
administrative rules of the People’s Republic of China at all times. 

  

	14.	MISCELLANEOUS 

  

	 	14.1	Continuing Obligation. If the Executive is employed by any existing or future Affiliate of the Company at any time, or provides services to such Affiliate, or otherwise retained by such Affiliate, then the
obligations under this Agreement shall continue to apply. Any reference to the Company shall include such Affiliate. In the event that this Agreement expires or terminates for any reason, the Executive shall immediately resign from any position at
such Affiliate of the Company, unless otherwise required by the Company. 

  

	 	14.2	Notice to Employer. The Executive hereby authorizes the Company to notify the relevant provisions of this Agreement and the Executive’s obligations under this Agreement to the actual or future employer of
the Executive (including the Affiliate with which the Executive will work). 

  

	 	14.3	Right to Name and Image. The Executive hereby authorizes the Company to use, or authorize any other person to use, once or from time to time during his/her employment with the Company, the names, photos, images
(including cartoons), voices and resume of the Executive as well as photocopies and duplicates thereof in any media now known or developed in the future (including but not limited to movies, videos, digital or any other electronic media) for
purposes as may be deemed appropriate by the Company. 

  
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	 	14.4	Legal Fees. In any dispute arise from or in connection with this Agreement, the winning party shall be entitled to be reimbursed for reasonable legal fees. 

 

	 	14.5	Amendments, Extension and Waiver. This Agreement may not be amended, revised, extended or terminated unless by a written instrument executed by the Executive or a duly authorized representative of the Company
(excluding the Executive). Any failure or delay to assert any right, remedy or power shall not be construed as a waiver of such right, remedy or power. All rights and remedies existing under this Agreement are cumulative to, and not exclusive of,
any rights or remedies otherwise available. 

  

	 	14.6	Transfer; Successors and Assigns. The Executive agrees that he/she will not transfer, sell, assign or otherwise dispose of (whether voluntarily, involuntarily or by operation of law) any rights or interests under
this Agreement, and the rights of the Executive shall not be subject to any security interest or creditors’ claims. Any such transfer, assign or other disposal shall be invalid. Nothing contained in this Agreement shall prevent the Company from
merging into or with any other company or selling all or substantially all of the assets of the Company, or transfer this Agreement or any obligation under this Agreement. In the event of any change in the ownership interest or the control of the
Company, the provisions of this Agreement shall continue to apply and shall be binding upon any successors. Notwithstanding and subject to the foregoing, this Agreement shall be valid and binding upon, and inure to the benefit of, the successor,
representative, heirs and permitted assigns of each party, and shall not vest in any other individual or entity any interest. 

  

	 	14.7	Notice. All notices or other communications under this Agreement shall be made in writing and delivered to the following addresses or any other addresses designated by each party in writing from time to time:

  

					
	To the Company:	  	
			
	Address:	 	500.com Building	  	
		 	Shenxianling Sports Center	  	
		 	Longgang District	  	
		 	Shenzhen, 518115	  	
		 	People’s Republic of China	  	
		
	To the Executive:	  	
			
	Address:	 	  
	  	
	Fax:	 	  
	  	
	Attention of:	 	  
	  	

 Any notice shall be deemed to have been delivered: 

 

	 	(a)	If by hand or courier, on the date of actual delivery; 

  

	 	(b)	If by prepaid and registered mail, on the fourth business days after the date of dispatch; or 

  

	 	(c)	If by fax, on the date on which the fax is transmitted (as evidenced by the confirmatory report with fax number, pages transmitted and date of transmission). 

  
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	 	14.8	Severability; Enforceability. If all or any portion of any provision of this Agreement as applied to any person, to any place or to any circumstance shall be ruled by an arbitration commission or a court of
competent jurisdiction to be invalid, illegal or incapable of being enforced, the same shall in no way affect (to the maximum extent permissible by Law) that provision or the remaining portions of that provision as applied to any parties, places or
circumstances or any other provisions of this Agreement or the validity or enforceability of this Agreement as a whole. 

  

	 	14.9	Governing Law. This Agreement shall be governed and construed in accordance with the laws of the People’s Republic of China. 

 

	 	14.10	Language. This Agreement is written and executed in English. 

  

	 	14.11	Originals. This Agreement is executed by the parties in two originals. Each of the parties will hold one original, and the two originals shall be equally valid. 

The Executive acknowledges that (a) he/she has consulted or has the opportunity to consult with independent counsel of his choice
regarding this Agreement, and the Company has suggested that he do so and (b) he/she has read and understands this Agreement, fully understands its legal effect, and has entered into this Agreement voluntarily in his/her own judgment. The
Executive hereby agrees that the obligations under Articles 7, 8 and 9 hereof and the definition of the Proprietary Information contained in those provisions shall also apply to the Proprietary Information relating to any work performed for the
Company prior to the execution of this Agreement. 
 [Signatures Page to Follow] 

  
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 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above. 

 

			
	500.COM LIMITED
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	EXECUTIVE
		
	By:	 	  

	Name:	 	

  
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 EXHIBIT A 

Compensation 
 Part I. Base Salary 

Part II. Bonus 
 EXHIBIT B 

Prior Inventions 
 [To be provided by
the Executive]EX-10.4

 Exhibit 10.4 

Exclusive Business Cooperation Agreement 

This Exclusive Business Cooperation Agreement (this “Agreement”) is made and entered into by and between the following parties on
June 1, 2011 in Shenzhen, the People’s Republic of China (“China” or the “PRC”). 
  

	Party A:	E-Sun Sky Computer (Shenzhen) Co., Ltd. 

	Address:	602-B, Building No.9, Shenzhen Software Park (II), No.1, Keji Middle Road II, High-tech Middle Zone, Nanshan District, Shenzhen 

  

	Party B:	Shenzhen E-Sun Network Co., Ltd. 

	Address:	Room 601/602, Building No.9, Shenzhen Software Park, Keji Middle Er Road, Nanshan District, Shenzhen 

Each of Party A and Party B shall be hereinafter referred to as a “Party” respectively, and as the “Parties” collectively.

 Whereas, 
  

	1.	Party A is a wholly-foreign-owned enterprise established in China, and has the necessary resources to provide technical and consulting services; 

 

	2.	Party B is a company with exclusively domestic capital registered in China and may engage in the Internet information service as approved by competent PRC authorities (collectively, the “Principal Business”);

  

	3.	Party A and Party B entered into the Exclusive Technology Consultation and Service Agreement and Business Operation Agreement on September 28, 2007. For the purpose of business development, the Parties agree to
revise the Exclusive Technology Consultation and Service Agreement and Business Operation Agreement and supersede these agreements in their entirety. 

  

	4.	Party A is willing to provide Party B with technical support, consulting services and other commercial services on exclusive basis in relation to the Principal Business during the term of this Agreement, utilizing its
advantages in technology, human resources, and information, and Party B is willing to accept such services provided by Party A or Party A’s designee(s), each on the terms set forth herein. 

Now, therefore, through mutual discussion, the Parties have reached the following agreements: 

 

	1.	Services Provided by Party A 

  

	 	1.1	Party B hereby appoints Party A as Party B’s exclusive services provider to provide Party B with complete technical support, business support and related consulting services during the term of this Agreement, in
accordance with the terms and conditions of this Agreement, which may include all necessary services within the scope of the Principal Business as may be determined from time to time by Party A, such as but not limited to technical services,
business consultations, marketing consultancy, product research and development. 

  
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	 	1.2	Party B agrees to accept all the consultations and services provided by Party A. Party B further agrees that unless with Party A’s prior written consent, during the term of this Agreement, Party B shall not
directly or indirectly accept the same or any similar consultations and/or services provided by any third party and shall not establish similar corporation relationship with any third party regarding the matters contemplated by this Agreement. Party
A may appoint other parties, who may enter into certain agreements described in Section 1.3 with Party B, to provide Party B with the consultations and/or services under this Agreement. 

 

	 	1.3	Service Providing Methodology 

  

	 	1.3.1	Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into further technical service agreements or consulting service agreements with Party A or any other party designated
by Party A, which shall provide the specific contents, manner, personnel, and fees for the specific technical services and consulting services. 

  

	 	1.3.2	To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into equipment or property leases with Party A or any other party designated by Party A
which shall permit Party B to use Party A’s relevant equipment or property based on the needs of the business of Party B. 

  

	 	1.3.3	Party B hereby grants to Party A an irrevocable and exclusive option to purchase from Party B, at Party A’s sole discretion, any or all of the assets of Party B, to the extent permitted under the PRC laws, at the
lowest purchase price permitted by the PRC laws. In this case, the Parties shall enter into a separate assets transfer agreement, specifying the terms and conditions of the transfer of the assets. 

 

	2.	The Calculation and Payment of the Service Fees 

 Both Parties agree that, with respect
to the services provided by Party A to Party B under this Agreement, Party B shall pay an annual service fee to Party A in the equivalent amount of certain percentage (the “Rate of Service Fees”) of Party B’s audited total amount of
operational income of such year (“Service Fees”). Party A may, by deliver a written notice to Party B, unilaterally adjust the Rate of Service Fees. 

  
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	3.	Intellectual Property Rights and Confidentiality Clauses 

  

	 	3.1	Party A shall have exclusive and proprietary rights and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance of this Agreement, including but not
limited to copyrights, patents, patent applications, software, technical secrets, trade secrets and others. Party B shall execute all appropriate documents, take all appropriate actions, submit all filings and/or applications, render all appropriate
assistance and otherwise conduct whatever is necessary as deemed by Party A in its sole discretion for the purposes of vesting any ownership, right or interest of any such intellectual property rights in Party A, and/or perfecting the protections
for any such intellectual property rights in Party A. 

  

	 	3.2	The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation and performance this Agreement are regarded
as confidential information. Each Party shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential information to any third
parties, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or
regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors regarding the transaction
contemplated hereunder, provided that such shareholders, investors, legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the
staff members or agencies hired by any Party shall be deemed disclosure of such confidential information by such Party, which Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for
any reason. 

  

	 	3.3	The Parties agree that this Section shall survive changes to, and rescission or termination of, this Agreement. 

  

	4.	Representations and Warranties 

  

	 	4.1	Party A hereby represents and warrants as follows: 

  

	 	4.1.1	Party A is a wholly owned foreign enterprise legally registered and validly existing in accordance with the laws of China. 

  

	 	4.1.2	Party A has taken all necessary corporate actions, obtained all necessary authorization and the consent and approval from third parties and government agencies (if any) for the execution, delivery and performance of
this Agreement. Party A’s execution, delivery and performance of this Agreement do not violate any explicit requirements under any law or regulation binding on Party A. 

  
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	 	4.1.3	This Agreement constitutes Party A’s legal, valid and binding obligations, enforceable in accordance with its terms. 

  

	 	4.2	Party B hereby represents and warrants as follows: 

  

	 	4.2.1	Party B is a company legally registered and validly existing in accordance with the laws of China and has obtained the relevant permit and license for engaging in the Principal Business in a timely manner;

  

	 	4.2.2	Party B has taken all necessary corporate actions, obtained all necessary authorization and the consent and approval from third parties and government agencies (if any) for the execution, delivery and performance of
this Agreement. Party B’s execution, delivery and performance of this Agreement do not violate any explicit requirements under any law or regulation binding on Party A. 

 

	 	4.2.3	This Agreement constitutes Party B’s legal, valid and binding obligations, and shall be enforceable against it. 

  

	5.	Effectiveness and Term 

  

	 	5.1	This Agreement is executed on the date first above written and shall take effect as of such date. Unless earlier terminated in accordance with the provisions of this Agreement or relevant agreements separately executed
between the Parties, the term of this Agreement shall be 10 years. After the execution of this Agreement, both Parties shall review Article 2 of this Agreement every 3 months to determine whether to amend or supplement in this Agreement based on the
actual circumstances at that time. 

  

	 	5.2	The term of this Agreement may be extended if confirmed in writing by Party A prior to the expiration thereof. The extended term shall be determined by Party A, and Party B shall accept such extended term
unconditionally. 

  

	6.	Termination 

  

	 	6.1	Unless renewed in accordance with the relevant terms of this Agreement, this Agreement shall be terminated upon the date of expiration hereof. 

 

	 	6.2	During the term of this Agreement, unless Party A commits gross negligence, or a fraudulent act, against Party B, Party B shall not terminate this Agreement prior to its expiration date. Nevertheless, Party A shall have
the right to terminate this Agreement upon giving 30 days’ prior written notice to Party B at any time. 

  
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	 	6.3	The rights and obligations of the Parties under Articles 3, 7 and 8 shall survive the termination of this Agreement. 

  

	7.	Governing Law and Resolution of Disputes 

  

	 	7.1	The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of China. 

 

	 	7.2	In the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an
agreement on the dispute within 30 days after either Party’s request to the other Parties for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration
Commission South China Sub-Commission for arbitration, in accordance with its Arbitration Rules. The arbitration shall be conducted in Shenzhen, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding
on all Parties. 

  

	 	7.3	Upon the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement
shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement. 

  

	8.	Indemnification 

 Party B shall indemnify and hold harmless Party A from any losses,
injuries, obligations or expenses caused by any lawsuit, claims or other demands against Party A arising from or caused by the consultations and services provided by Party A to Party B pursuant this Agreement, except where such losses, injuries,
obligations or expenses arise from the gross negligence or willful misconduct of Party A. 
  

	9.	Notices 

  

	 	9.1	All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial courier service or by
facsimile transmission to the address of such Party set forth below. A confirmation copy of each notice shall also be sent by email. The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

  

	 	9.1.1	Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of receipt or refusal at the address specified for notices. 

  
 5 

	 	9.1.2	Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission). 

 

	 	9.2	For the purpose of notices, the addresses of the Parties are as follows: 

  

			
	Party A:	  	E-Sun Sky Computer (Shenzhen) Co., Ltd.
	Address:	  	602-B, Building No.9, Shenzhen Software Park (II), No.1, Keji Middle Road II, High-tech Middle Zone, Nanshan District, Shenzhen
		
	Party B:	  	Shenzhen E-Sun Network Co., Ltd.
	Address:	  	Room 601/602, Building No.9, Shenzhen Software Park, Technology Middle Er Road, Nanshan District, Shenzhen

  

	 	9.3	Any Party may at any time change its address for notices by a notice delivered to the other Party in accordance with the terms hereof. 

 

	10.	Assignment 

  

	 	10.1	Without Party A’s prior written consent, Party B shall not assign its rights and obligations under this Agreement to any third party. 

 

	 	10.2	Party B agrees that Party A may assign its obligations and rights under this Agreement to any third party upon a prior written notice to Party B but without the consent of Party B. 

 

	11.	Severability 

 In the event that one or several of the provisions of this Agreement are
found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspect. The
Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such
effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions. 
  

	12.	Amendments and Supplements 

 Any amendments and supplements to this Agreement shall be in
writing. The amendment agreements and supplementary agreements that have been signed by the Parties and that relate to this Agreement shall be an integral part of this Agreement and shall have the same legal validity as this Agreement. 

  
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	13.	Language and Counterparts 

 This Agreement is written in both Chinese and English
language in two copies, each Party having one copy with equal legal validity; in case there is any conflict between the Chinese version and the English version, the Chinese version shall prevail. 

  
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 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Exclusive Business
Cooperation Agreement as of the date first above written. 
 Party A: E-Sun Sky Computer (Shenzhen) Co., Ltd. (seal) 

 

					
	By:	 	 /s/ Geng Jin
	 	(signed)
	Name:	 	Geng Jin	 	
	Title:	 	Legal Representative	 	

 Party B: Shenzhen E-Sun Network Co., Ltd. (seal) 

 

					
	By:	 	 /s/ Zou Ying
	 	(signed)
	Name:	 	Zou Ying	 	
	Title:	 	Legal Representative

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