Document:

exv4w43

    Exhibit 4.43

 

    Proxy
    Agreement

 

    This Proxy Agreement (this “Agreement”) is entered
    into as of December 28, 2010 between the following two
    parties in Beijing, PRC.

 

    Party A:  Yanhong Li, a citizen of the
    People’s Republic of China (the “PRC”), PRC ID:
    110108196811171874

 

    Party B:  Baidu Online Network Technology (Beijing)
    Co., Ltd., a wholly foreign-owned enterprise registered in
    Beijing, PRC under the laws of the PRC

 

    WHEREAS

 

    1. Party A established Baidu HR Consulting (Shanghai) Co.,
    Ltd. (the “Company”) on December 28, 2010, in
    which Party A owns 100% of the equity interests.

 

    2. Party A is willing to entrust the person designated by
    Party B with full authority to exercise
    his/her
    shareholder’s voting right at the Company’s
    shareholders’ meetings.

 

    NOW THEREFORE, the parties agree as follows:

 

    1. Party A hereby agrees to irrevocably entrust the person
    designated by Party B to exercise on
    his/her
    behalf all shareholder’s voting rights and other
    shareholder’s rights at the shareholders’ meeting of
    the Company in accordance with PRC law and the Company’s
    articles of association, including, but not limited to, with
    respect to the sale or transfer of all or part of Party A’s
    equity interests in the Company and the appointment and election
    of the executive directors and chairman of the Company.

 

    2. Party B agrees to designate a person to accept the
    entrustment by Party A pursuant to Article 1 of this Agreement,
    and such person shall represent Party A in the exercise of Party
    A’s shareholder’s voting rights and other
    shareholder’s rights pursuant to this Agreement.

 

    3. Party A hereby acknowledges that, regardless how his
    equity interests in the Company will change,
    he/she shall
    entrust the person designated by Party B with all of his
    shareholder’s voting rights and other shareholder’s
    rights.

 

    4. Party A hereby acknowledges that if Party B withdraws
    the appointment of the relevant person to whom Party A has
    entrusted his shareholder’s voting rights and other
    shareholder’s rights,
    he/she will
    withdraw
    his/her
    authorization for this person and authorize other persons
    designated by Party B to exercise
    his/her
    shareholder’s voting rights and other shareholder’s
    rights at the shareholders’ meeting of the Company.

 

    5. This Agreement shall become effective as of the date it
    is duly executed by the parties’ authorized representatives.

 

    6. The term of this Agreement shall be ten (10) years
    and may be extended by agreement between the parties upon the
    expiration hereof.

 

    7. Any amendment to,
    and/or
    cancellation of, this Agreement shall be agreed by the parties
    in writing.

 

    Party A

 

			
	    Signature: 
	
    /s/  Yanhong
    Li

	 

 

    Baidu Online Network Technology (Beijing) Co., Ltd.

 

			
	    Authorized Representative: 
	
    /s/  Haoyu
    Shen

	 

    Name:     Haoyu Shen

			
	    Seal:     
	
    [Baidu Online Network Technology (Beijing) Co., Ltd. seal]
	 

 

    This Agreement is agreed and accepted by:

 

    Baidu HR Consulting (Shanghai) Co., Ltd.

 

			
	    Authorized Representative: 
	
    /s/  Yanhong
    Li

	 

    Name:     Yanhong Li

    Seal:     [Baidu HR Consulting
    (Shanghai) Co., Ltd. seal]

    

    2exv4w44

    Exhibit 4.44

 

    EQUITY
    PLEDGE AGREEMENT

 

    This Equity Pledge Agreement (this “Agreement”) is
    entered into in Beijing, PRC on December 28, 2011 by the
    following parties:

 

	 	 	 
	
 
	
 
	
 

	

    Pledgee:

	
 
	
 

	
 
	
 
	
 

	

    Party A:

	
 
	
    Baidu Online Network Technology (Beijing) Co., Ltd.

	
 
	
 
	
 

	
 
	
 
	
    Legal Address: Baidu Campus, No. 10, Shangdi 10th Street,,
    Haidian District, Beijing, PRC, 100085

	
 
	
 
	
 

	

    Pledgor:

	
 
	
 

	
 
	
 
	
 

	

    Party B:

	
 
	
    Yanhong Li ID card No.: 110108196811171874 

    Legal Address:

 

    WHEREAS,

 

    1. Party A (the “Pledgee”), a wholly
    foreign-owned enterprise registered in Beijing, the
    People’s Republic of China (the “PRC”).

 

    2. Party B (the “Pledgor”), is a citizen of the
    PRC. The Pledgor owns 100% of the equity interest in Baidu HR
    Consulting (Shanghai) Co., Ltd., a limited liability company
    registered in Shanghai, PRC (the “Company”).

 

    3. Party A and Party B signed a loan agreement on Decmeber
    28, 2010, according to which Party B may get a loan in an amount
    of RMB 50,000,000.00 (hereinafter the “Loan”) from
    Party A.

 

    4. Party A and the Company signed an Exclusive Technology
    Consulting and Service Agreement (the “Technology
    Agreement”) on December 28, 2010, which has a term of
    ten (10) years. Pursuant to the Technology Agreement, the
    Company shall pay Party A consulting and services fees (the
    “Fees”) for the technology consulting and services
    provided by Party A.

 

    5. In order to ensure that Party B will perform its
    obligations under the Loan Agreement, the Pledgor agrees to
    pledge all his equity interest in the Company as security for
    the performance of his obligations under the Loan Agreement.
    Party A and Party B plans to sign this contract to specify their
    rights and obligations.

 

    NOW THEREFORE, the Pledgee and the Pledgor through
    friendly negotiations hereby enter into this Agreement based
    upon the following terms:

 

    1. Definitions and Interpretation

 

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

 

    1.1 “Pledge”: refers to the full content of
    Article 2 hereunder.

 

    1.2 “Equity Interest”: refers to all of the
    equity interest in the Company legally held by the Pledgor.

 

    1.3 “Rate of Pledge”: refers to the ratio between
    the value of the Pledge and the services fees under this
    Agreement and the total amount of the Loan.

 

    1.4 “Term of Pledge”: refers to the period
    provided for under Article 3.2 hereunder.

 

    1.5 “Principal Agreement”: refers to the
    Technology Agreement and agreements under loan arragement.

 

    1.6 “Event of Default”: refers to any event
    listed in Article 7.1 hereunder.

 

    1.7 “Notice of Default”: refers to the notice of
    default issued by the Pledgee in accordance with this Agreement.

 

    2. Pledge

 

    The Pledgor agrees to pledge his Equity Interest in the Company
    to the Pledgee as security for his obligations under the loan
    arrangement and debt under Technology Agreement. The term
    “Pledge” under this Agreement refers to the right of
    the Pledgee to be entitled to priority in receiving payment in
    the form of the Equity Interest based on the conversion value
    thereof, or from the proceeds from the auction or sale of the
    Equity Interest pledged by the Pledgor to the Pledgee.

 

    3. Rate of Pledge and Term of Pledge

 

    3.1 The rate of the Pledge

 

    The rate of the Pledge shall be approximately 100%.

 

    3.2 The term of the Pledge

 

    3.2.1 The Pledge shall take effect as of the date when the
    pledge of the Equity Interest is recorded in the Register of
    Shareholders of the Company and registered in authorized
    administration of industry and commerce, and shall remain in
    effect until two (2) years after the obligations under the
    Principal Agreement will have been fulfilled.

 

    3.2.2 During the term of the Pledge, the Pledgee shall be
    entitled to dispose of the pledged assets in accordance with
    this Agreement in the event that the Pledgor does not perform
    his obligations under the loan arrangement or the Company fails
    to pay services fees under the Technology Agreement.

 

    4. Physical Possession of Documents

 

    4.1 During the term of the Pledge under this Agreement, the
    Pledgor shall deliver the physical possession of
    his/her
    Certificate of Capital Contribution and the Register of
    Shareholders of the Company to the Pledgee within one
    (1) week from the execution date of this Agreement.

 

    4.2 The Pledgee shall be entitled to collect the dividends
    for the Equity Interest.

 

    4.3 The Pledge under this Agreement will be recorded in the
    Register of Shareholders of the Company within
    [  ] days of the signing of this Agreement (See
    Appendix 1).

 

    5. Representation and Warranty of the Pledgor

 

    5.1 The Pledgor is the legal owner of the Equity Interest
    pledged and through resolutions of shareholders’ meetings
    (see Appendix 2), get approval for the pledge under this
    agreement.

 

    5.2 Except for the benefit of the Pledgee, the Pledgor has
    not pledged the Equity Interest or created other encumbrance on
    the Equity Interest.

 

    6. Covenants of the Pledgor

 

    6.1 During the effective term of this Agreement, the
    Pledgor covenants to the Pledgee for its benefit that the
    Pledgor shall:

 

    6.1.1 Not transfer or assign the Equity Interest, create or
    permit the existence of any other pledges which may have an
    adverse effect on the rights or benefits of the Pledgee without
    prior written consent of the Pledgee;

 

    6.1.2 Comply with laws and regulations with respect to the
    pledge of rights; present to the Pledgee the notices, orders or
    suggestions with respect to the Pledge issued or made by
    relevant government authorities within five (5) days upon
    receiving such notices, orders or suggestions; comply with such
    notices, orders or suggestions or, alternatively, at the
    reasonable request of the Pledgee or with consent from the
    Pledgee, raise objection to such notices, orders or suggestions;

 

    6.1.3 Timely notify the Pledgee of any events or any
    notices received which may affect the Pledgor’s right to
    all or any part of the Equity Interest, and any events or any
    received notices which may change the Pledgor’s warranties
    and obligations under this Agreement or affect the
    Pledgor’s performance of its obligations under this
    Agreement.

    

    2

 

    6.2 The Pledgor agrees that the Pledgee’s right to the
    Pledge obtained from this Agreement shall not be suspended or
    inhibited by any legal procedure initiated by the Pledgor or any
    successors of the Pledgor or any person authorized by the
    Pledgor or any other person.

 

    6.3 The Pledgor promises to the Pledgee that in order to
    protect and perfect the security for the payment of the Loan,
    the Pledgor shall execute in good faith and cause other parties
    who have interests in the Pledge to execute, all title
    certificates and contracts or to perform any other actions (and
    cause other parties who have interests to take action) as
    required by the Pledgee and make access to exercise the rights
    and authorization vested in the Pledgee under this Agreement.

 

    6.4 The Pledgor promises to the Pledgee that
    he/she will
    execute all amendment documents (if applicable and necessary) in
    connection with the certificate of the Equity Interest with the
    Pledgee or its designated person (being a natural person or a
    legal entity) and, within a reasonable period, provide to the
    Pledgee all notices, orders and decisions about the Pledge as
    the Pledgee deems necessary.

 

    6.5 The Pledgor promises to the Pledgee that
    he/she will
    comply with and perform all the guarantees, covenants,
    warranties, representations and conditions for the benefit of
    the Pledgee. The Pledgor shall compensate the Pledgee for all
    losses suffered by the Pledgee because of the Pledgor’s
    failure to perform in whole or in part its guarantees,
    covenants, warranties, representations and conditions.

 

    6.6 Within the period of this Agreement, the Pledgor will
    not conduct any act and omission that may influence the value of
    the pledged shares for the purpose to keep or increase the value
    of the pledged shares. The pledgeor will notice the Pledgee
    immediately when there are issues that may decrease the value of
    the Pledged shares or the Plegor perform any obligations under
    this Agreement and, as required by the Pledgee, provide
    guarantee for the difference of the decreased pledged shares.
    Such guarantee should be satisfied by the Pledgee.

 

    6.7 When permitting under applicable laws and regulations,
    the Pledgor shall assist the Pledgee for the registration,
    filing or any other processes as required by the laws and
    regulations.

 

    7. Event of Default

 

    7.1 The following events shall be regarded as events of
    default:

 

    7.1.1 Pledgor fails to perform his obligations under the
    loan arrangement and supplementary agreement;

 

    7.1.2 The Company fails to fully pay the fees on schedule
    under the Technology Agreement;

 

    7.1.3 Any representation or warranty made by the Pledgor in
    Article 5 hereof contains material misleading statements or
    errors
    and/or the
    Pledgor breaches any warranty in Article 5 hereof;

 

    7.1.4 The Pledgor breaches the covenants under
    Article 6 hereof;

 

    7.1.5 The Pledgor breaches another provision of this
    Agreement;

 

    7.1.6 The Pledgor waives the pledged Equity Interest or
    transfers or assigns the pledged Equity Interest without prior
    written consent from the Pledgee;

 

    7.1.7 Any of the Pledgor’s external loans, guaranties,
    compensations, undertakings or other obligations (1) is
    required to be repaid or performed prior to the scheduled due
    date because of a default; or (2) is due but cannot be
    repaid or performed as scheduled, causing the Pledgee to believe
    that the Pledgor’s ability to perform the obligations
    hereunder has been affected;

 

    7.1.8 The Company is incapable of repaying its general
    debts or other debts;

 

    7.1.9 This Agreement becomes illegal or the Pledgor is not
    capable of continuing to perform the obligations hereunder due
    to any reason other than force majeure;

 

    7.1.10 There have been adverse changes to the properties
    owned by the Pledgor, causing the Pledgee to believe that the
    capability of the Pledgor to perform the obligations hereunder
    has been affected;

 

    7.1.11 The breach of the other provisions of this Agreement
    by the Pledgor due to
    his/her act
    or omission.

    

    3

 

    7.2 The Pledgor shall immediately give a written notice to
    the Pledgee if the Pledgor knows or discovers that any event
    specified under Article 7.1 hereof or any event that may
    result in the foregoing events has occurred.

 

    7.3 Unless an event of default under Article 7.1
    hereof has been solved to the Pledgee’s satisfaction, the
    Pledgee, at any time when the event of default occurs or at
    anytime thereafter, may give a written notice of default to the
    Pledgor, requiring the Pledgor to immediately make full payment
    of the outstanding amount under the Technology Agreement and
    loan arrangement or requesting to exercise the Pledge in
    accordance with Article 8 hereof.

 

    8. Exercise of the Pledge

 

    8.1 The Pledgor shall not transfer or assign the Equity
    Interest without prior written approval from the Pledgee prior
    to the full repayment of the services fees under the Technology
    Agreement and the full performance of
    his/her
    obligations under the Loan Agreement (subject to the latter of
    these two issues).

 

    8.2 The Pledgee shall give a notice of default to the
    Pledgor when the Pledgee exercises the Pledge.

 

    8.3 Subject to Article 7.3, the Pledgee may exercise
    the Pledge when the Pledgee gives a notice of default in
    accordance with Article 7.3 or at anytime thereafter.

 

    8.4 The Pledgee is entitled to priority in receiving
    payment in the form of all or part of the Equity Interest based
    on the conversion value thereof, or from the proceeds from the
    auction or sale of all or part of the Equity Interest in
    accordance with legal procedure, until the outstanding debt and
    all other payables of the Pledgor under Technology Agreement are
    repaid.

 

    8.5 The Pledgor shall not hinder the Pledgee from
    exercising the Pledge in accordance with this Agreement and
    shall give necessary assistance so that the Pledgee could fully
    exercise its Pledge.

 

    9. Assignment

 

    9.1 The Pledgor shall not assign or transfer its rights and
    obligations hereunder without prior consent from the Pledgee.

 

    9.2 This Agreement shall be binding upon the Pledgor and
    his/her
    successors and be binding on the Pledgee and each of its
    successors and permitted assigns.

 

    9.3 To the extent permitted by law, the Pledgee may
    transfer or assign any or all of its rights and obligations
    under the Technology Agreement and loan arrangement to any
    person (natural person or legal entity) designated by it at any
    time. In that case, the assignee shall have the same rights and
    obligations as those of the Pledgee as if the assignee was an
    original party hereto. When the Pledgee transfers or assigns the
    rights and obligations under the TechnologyAgreement and loan
    arrangement, it is only required to provide a written notice to
    the Pledgor, and at the request of the Pledgee, the Pledgor
    shall execute the relevant agreements
    and/or
    documents with respect to such transfer or assignment.

 

    9.4 After the Pledgee has been changed as a result of a
    transfer or an assignment, the new parties to the Pledge shall
    execute a new pledge contract.

 

    10. Effectiveness and Term

 

    This Agreement is effective as of the date first set forth above
    and from the date when the pledge is recorded on the
    Company’s Register of Shareholders.

 

    11. Termination

 

    This Agreement shall terminate when the loan under the
    Technology Agreement and loan arrangement has been fully repaid
    and the Pledgor no longer has any outstanding obligations under
    the Loan Agreement. Thereafter, the Pledgee shall cancel or
    terminate this Agreement as soon as reasonably practicable.

 

    12. Fees and Other Charges

 

    12.1 The Pledgor shall be responsible for all of the fees
    and actual expenses in relation to this Agreement including, but
    not limited to, legal fees, production costs, stamp tax and any
    other taxes and charges. If the Pledgee

    

    4

 

    pays the relevant taxes in accordance with the laws, the Pledgor
    shall fully indemnify the Pledgee for such taxes paid by the
    Pledgee.

 

    12.2 In the event that the Pledgee has to make a claim
    against the Pledgor by any means as a result of the
    Pledgor’s failure to pay any tax or expense payable by the
    Pledgor under this Agreement, the Pledgor shall be responsible
    for all the expenses arising from such claim (including but not
    limited to any taxes, handling fees, management fees, litigation
    fees, attorney’s fees, and various insurance premiums in
    connection with the disposition of the Pledge).

 

    13. Force Majeure

 

    13.1 Force Majeure, which includes but is not limited to
    acts of governments, change of laws and regulations, acts of
    nature, fires, explosions, typhoons, floods, earthquake, tides,
    lightning or war, refers to any unforeseen event that is beyond
    a party’s reasonable control and cannot be prevented with
    reasonable care. However, any insufficiency of creditworthiness,
    capital or financing shall not be regarded as an event beyond a
    party’s reasonable control. The affected party by Force
    Majeure shall promptly notify the other party of such event
    resulting in exemption.

 

    13.2 In the event that the affected party is delayed or
    prevented from performing its obligations under this Agreement
    by Force Majeure, and only to the extent of such delay and
    prevention, the affected party shall not be liable for
    obligations under this Agreement. The affected party shall take
    appropriate measures to minimize or remove the effects of Force
    Majeure and attempt to resume performance of the obligations
    that were delayed or prevented by the event of Force Majeure.
    After the event of Force Majeure is removed, both parties agree
    to resume the performance of this Agreement using their best
    efforts.

 

    14. Confidentiality

 

    The parties to this Agreement acknowledge and confirm that all
    the oral and written materials exchanged relating to this
    Agreement are confidential. Each party must keep such materials
    confidential and can not disclose such materials to any other
    third party without the other party’s prior written
    approval, unless: (a) the public knows or will know the
    materials (not due of the disclosure by the receiving party);
    (b) the disclosed materials are required by law or stock
    exchange rules to be disclosed; or (c) materials relating
    to the transactions under this Agreement are disclosed to the
    parties’ legal or financial advisors, who must keep them
    confidential as well. Disclosure of the confidential information
    by employees or institutions hired by the parties is deemed as
    an act by the parties, therefore, subjecting them to liability.

 

    15. Dispute Resolution

 

    15.1 This Agreement shall be governed by and construed in
    accordance with PRC law.

 

    15.2 The parties shall strive to settle any dispute arising
    from the interpretation or performance of this Agreement through
    friendly consultation. In case no settlement can be reached
    through consultation, each party can submit such matter to the
    China International Economic and Trade Arbitration Commission
    (“CIETAC”) for arbitration. The arbitration shall
    follow the current rules of CIETAC, the arbitration proceedings
    shall be conducted in Chinese and shall take place in Beijing,
    PRC. The arbitration award shall be final and binding upon the
    parties.

 

    16. Notice

 

    Any notice which is given by the parties hereto for the purpose
    of performing the rights and obligations hereunder shall be in
    writing to the bellowing address. Where such notice is delivered
    personally, the time of notice is the time when such notice
    actually reaches the addressee; where such notice is transmitted
    by telex or facsimile, the notice time is the time when such
    notice is transmitted. If such notice does not reach the
    addressee on a business day or reaches the addressee after
    business hours, the next business day following such day is the
    date of notice. The delivery place is the address first written
    above for each of the parties hereto or the address advised by
    such party in writing, including facsimile and telex, from time
    to time.

 

    

    5

 

	 
	

    Party A: Baidu Online Network Technology (Beijing) Co.,
    Ltd.

	

    Legal Address: Baidu Campus, No. 10, Shangdi
    10th Street,, Haidian District, Beijing, PRC, 100085

	

    Fax:

	

    Tel:

	

    Party B: Yanhong Li

	

    PRC ID: 110108196811171874

	

    Fax:

	

    Tel:

 

    17. Entire Contract

 

    Notwithstanding Article 10, the parties agree that this
    Agreement constitutes the entire agreement of the parties hereto
    with respect to the subject matters herein upon its
    effectiveness and supersedes and replaces all prior oral
    and/or
    written agreements and understandings relating to the subject
    matters of this Agreement.

 

    18. Severability

 

    Should any provision of this Agreement be held invalid or
    unenforceable because of inconsistency with applicable laws,
    such provision shall be invalid or unenforceable only to the
    extent of such applicable laws without affecting the validity or
    enforceability of the remainder of this Agreement.

 

    19. Appendices

 

    The appendices to this Agreement shall constitute an integral
    part of this Agreement.

 

    20. Amendment or Supplement

 

    20.1 The parties may amend or supplement this Agreement by
    written agreement. The amendments or supplements to this
    Agreement duly executed by both parties shall form an integral
    part of this Agreement and shall have the same legal effect as
    this Agreement.

 

    20.2 This Agreement and any amendments, modifications,
    supplements, additions or changes hereto shall be in writing and
    shall be effective upon being executed and sealed by the parties
    hereto.

 

    21. Counterparts

 

    This Agreement is executed in Chinese in duplicate, with each
    party hereto holding one copy. Both originals have the same
    legal effect.

    6

 

    [Signature Page]

 

    Pledgee: Baidu Online Network Technology (Beijing) Co.,
    Ltd.

 

		
	    Legal Representative/Authorized Representative: 	
    /s/  Haoyu
    Shen

 

    Seal: [Baidu Online Network Technology (Beijing) Co., Ltd. seal]

 

    Pledgor: Yanhong Li

 

		
	    Signature: 	
    /s/  Yanhong
    Li

    

    7

 

    Appendix 1

 

    Register
    of Members of Baidu HR Consulting (Shanghai) Co., Ltd.

 

    Name of Shareholder: Yanhong Li

    PRC ID: 110108196811171874

    Address:

    Capital Contribution: RMB 50,000,000

    Percentage of Capital Contribution: 100%

    No. of Certification of Capital Contribution: 001

 

    Yanhong Li holds 100% of shares of Baidu HR Consulting
    (Shanghai) Co., Ltd.. All such shares have been pledged to Baidu
    Online Network Technology (Beijing) Co., Ltd.

 

    Baidu Online Network Technology (Beijing) Co., Ltd. holds 100%
    pledge of Baidu HR Consulting (Shanghai) Co., Ltd.

 

    Baidu HR Consulting (Shanghai) Co., Ltd.

		
	    Signature: 	
    /s/  Yanhong
    Li

    Name: Yanhong Li

    Title: Legal Representative

    Seal: [Baidu HR Consulting (Shanghai) Co., Ltd. seal]

 

    Appendix 2

 

    Shareholder
    Resolution of Baidu HR Consulting (Shanghai) Co., Ltd.

 

    The Shareholder’s meeting of Baidu HR Consulting (Shanghai)
    Co., Ltd. DO HEREBY CONSENT to the adoption of the following
    resolutions regarding the Equity Pledge Agreement made by and
    between the Shareholders of Baidu HR Consulting (Shanghai) Co.,
    Ltd. and Baidu Online Network Technology (Beijing) Co., Ltd.:

 

    Agree that each of the Baidu HR Consulting (Shanghai) Co.,
    Ltd.’s shareholders pledge
    his/her
    shares to Baidu Online Network Technology (Beijing) Co., Ltd.

 

    This resolution was signed and submitted by the following
    shareholder on December 28, 2010.

 

    Shareholder: Yanhong Li

		
	    Signature: 	
    /s/  Yanhong
    Li

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