Document:

Share Incentive Plan adopted as of April 16, 2008

 Exhibit 10.1 
 CHINA TIME SHARE MEDIA CO. LTD SHARE INCENTIVE PLAN 
 Section 1. Purpose.  
 The purpose of the China Time Share Media Co. Ltd Share Incentive Plan is to enhance the ability of China Time Share Media Co. Ltd to attract and retain
exceptionally qualified individuals and to encourage them to acquire a proprietary interest in the growth and performance of the Company. 
 Section 2. Definitions.  
 As used in this Plan, the following terms shall have the meanings set forth below:

 (a) “Affiliate” shall mean (i) any entity that, directly or indirectly, is controlled by the Company and
(ii) any entity in which the Company has a significant equity interest, in either case as determined by the Committee. 
 (b)
“Applicable Laws” shall mean all laws, statutes, regulations, ordinances, rules or governmental requirements that are applicable to this Plan or any Award granted pursuant to this Plan, including but not limited to applicable laws
of the People’s Republic of China, the United States and the Cayman Islands, and the rules and requirements of any applicable securities exchange. 
 (c) “Award” shall mean any Option, award of Restricted Stock, Restricted Stock Unit or Other Stock-Based Award granted under this Plan. 
 (d) “Award Agreement” shall mean any written agreement, contract or other instrument or document evidencing any Award granted under this
Plan. 
 (e) “Board” shall mean the board of directors of the Company. 
 (f) “Cause” shall mean, with respect to a Participant, the meaning defined in any employment agreement between the Participant and the
Company then in effect or, if no such employment agreement is then in effect, “Cause” shall mean (i) the employee’s willful and continued failure substantially to perform his or her duties to the Company (other than as a
result of total or partial incapacity due to physical or mental illness), (ii) dishonesty in the performance of the employee’s duties to the Company, (iii) the employee’s indictment for a felony under the laws of the jurisdiction
in which the participant is employed (or, if there is no such concept as “indictment” in the applicable jurisdiction, such analogous procedural event following the employee’s arrest and prior to any conviction) or (iv) any other
act or omission on the part of the employee which is materially injurious to the financial condition or business reputation of the Company or any of its Affiliates. 

 (g) “Change of Control” shall mean the first to occur of: 
 (i) an individual, corporation, partnership, group, associate or other entity or “person”, as such term is defined in
Section 14(d) of the Securities Exchange Act of 1934 (the “Exchange Act”), other than the Company or any employee benefit plan(s) sponsored by the Company, is or becomes the “beneficial owner” (as defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of 30% or more of the combined voting power of the Company’s outstanding securities ordinarily having the right to vote at elections of directors; 
 (ii) individuals who constitute the Board of Directors of the Company on the effective date of this Plan (the “Incumbent
Board”) cease for any reason to constitute at least a majority thereof; provided that any Approved Director, as hereinafter defined, shall be, for purposes of this subsection (ii), considered as though such person were a member of
the Incumbent Board. An “Approved Director”, for purposes of this subsection (ii), shall mean any person becoming a director subsequent to the effective date of this Plan whose election, or nomination for election by the
Company’s shareholders, was approved by a vote of at least three-quarters of the directors comprising the Incumbent Board (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee
of the Company for director), but shall not include any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated
under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of an individual, corporation, partnership, group, associate or other entity or “person” other than the Board; 
 (iii) the consummation of a plan or agreement providing (A) for a merger or consolidation of the Company other than with a
wholly-owned subsidiary and other than a merger or consolidation that would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity) more than 65% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or (B) for a sale, exchange or
other disposition of all or substantially all of the assets of the Company; or 
 (iv) in addition to the events described in
subsections (i), (ii) and (iii), it shall be a “Change of Control” for purposes hereof for any Participant principally employed in the business of a Designated Business Unit, as hereinafter defined, if an event described in
subsections (i), (ii) or (iii) shall occur, except that for purposes of this subsection (iv), references 

  

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in such subsections to the “Company” shall be deemed to refer to the Designated Business Unit in the business of which the Participant is
principally employed. A Change of Control described in this subsection (iv) shall apply only to a Participant employed principally by the affected Designated Business Unit. For purposes of this subsection (iv), “Designated Business
Unit” shall mean specified subsidiaries and any other business unit identified as a Designated Business Unit by the Committee from time to time. 
 (h) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 
 (i) “Committee” shall mean a committee of the Board designated by the Board to administer this Plan. Unless otherwise determined by the Board, the Compensation Committee designated by the Board shall be the Committee under
this Plan. 
 (j) “Company” shall mean China Time Share Media Co. Ltd, together with any successor thereto. 
 (k) “Consultant” means any individual, including an advisor, who is engaged by the Company or an Affiliate to render services and is
compensated for such services, and any director of the Company whether or not compensated for such services. 
 (l)
“Employee” means any individual employed by the Company or an Affiliate. 
 (m) “Fair Market Value” shall
mean, with respect to any property (including, without limitation, any Shares or other securities) the fair market value of such property determined by such methods or procedures as shall be established from time to time by the Committee.

 (n) “Option” shall mean an option granted under Section 6. 
 (o) “Other Stock-Based Award” shall mean any right granted under Section 8. 
 (p) “Participant” shall mean an individual granted an Award under this Plan. 
 (q) “Plan” shall mean this China Time Share Media Co. Ltd Share Incentive Plan, as amended from time to time. 
 (r) “Restricted Stock” shall mean any Share granted under Section 7. 
 (s) “Restricted Stock Unit” shall mean a contractual right granted under Section 7 that is denominated in Shares, each of which
represents a right to 

  

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receive the value of a Share (or a percentage of such value, which percentage may be higher than 100%) upon the terms and conditions set forth in this Plan
and the applicable Award Agreement. 
 (t) “Shares” shall mean ordinary shares of the Company, $0.0001 par value.

 (u) “Substitute Awards” shall mean Awards granted in assumption of, or in substitution for, outstanding awards previously
granted by a company acquired by the Company or with which the Company combines. 
 Section 3. Eligibility.  
 (a) Employees and Consultants are eligible to participate in this Plan. An Employee or Consultant who has been granted an Award may, if he or she is
otherwise eligible, be granted additional Awards. 
 (b) An individual who has agreed to accept employment by, or to provide services to, the
Company or an Affiliate shall be deemed to be eligible for Awards hereunder as of the date of such agreement. 
 Section 4.
Administration.  
 (a) The Plan shall be administered by the Committee, which may delegate its duties and powers in whole or in part to
any subcommittee thereof. The Board may designate one or more directors as alternate members of the Committee who may replace any absent or disqualified member at any meeting of the Committee. The Committee may issue rules and regulations for
administration of this Plan. It shall meet at such times and places as it may determine. A majority of the members of the Committee or the subcommittee described in this Section 4(a) shall constitute a quorum. 
 (b) Subject to the terms of this Plan and applicable law, the Committee shall have full power and authority to: (i) designate Participants;
(ii) determine the type or types of Awards (including Substitute Awards) to be granted to each Participant under this Plan; (iii) determine the number of Shares to be covered by (or with respect to which payments, rights, or other matters
are to be calculated in connection with) Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, Shares, other
securities, other Awards, or other property, or canceled, forfeited or suspended, and the method or methods by which Awards may be settled, exercised, canceled, forfeited or suspended; (vi) determine whether, to what extent, and under what
circumstances cash, Shares, other securities, other Awards, other property, and other amounts payable with respect to an Award under this Plan shall be deferred either automatically or at the election of the holder thereof or of the Committee;
(vii) interpret and administer this Plan and any instrument or agreement relating to, or Award made under, this 

  

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Plan; (viii) establish, amend, suspend or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper
administration of this Plan; (ix) determine whether and to what extent Awards should comply or continue to comply with any requirement of statute or regulation; and (x) make any other determination and take any other action that the
Committee deems necessary or desirable for the administration of this Plan. 
 (c) All decisions of the Committee shall be final, conclusive
and binding upon all persons, including the Company, the stockholders and the Participants. 
 Section 5. Shares Available for
Awards.  
 (a) Subject to adjustment as provided below, the maximum aggregate number of Shares that may be issued pursuant to all Awards
shall not exceed 7,500,000. 
 (b) If, after the effective date of this Plan, any Shares covered by an Award, or to which such an Award
relates, are forfeited, or if such an Award otherwise terminates without the delivery of Shares or of other consideration, then the Shares covered by such Award, or to which such Award relates, to the extent of any such forfeiture or termination,
shall again be, or shall become, available for issuance under this Plan. 
 (c) In the event that any Option or other Award granted hereunder
(other than a Substitute Award) is exercised through the delivery of Shares, or in the event that withholding tax liabilities arising from such Option or Award are satisfied by the withholding of Shares by the Company, the number of Shares available
for Awards under this Plan shall be increased by the number of Shares so surrendered or withheld. 
 (d) Any Shares delivered pursuant to an
Award may consist, in whole or in part, of authorized and unissued Shares. 
 (e) In the event that the Committee shall determine that any
dividend or other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or
exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, or other similar corporate transaction or event affects the Shares such that an adjustment is
determined by the Committee to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Plan, then the Committee shall, in such manner as it may deem equitable, adjust
any or all of (i) the number and type of Shares (or other securities or property) which thereafter may be made the subject of Awards, including the aggregate and individual limits specified in Section 5(a), (ii) the number and type of
Shares (or other securities or 

  

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property) subject to outstanding Awards, (iii) the grant, purchase, or exercise price with respect to any Award or, if deemed appropriate, make
provision for a cash payment to the holder of an outstanding Award, and (iv) the minimum number of Shares which may be purchased by the holder of an outstanding Award at any one time; provided, however, that the number of Shares subject
to any Award denominated in Shares shall always be a whole number. 
 (f) Shares underlying Substitute Awards shall not reduce the number of
Shares remaining available for issuance under this Plan. 
 Section 6. Options. 
 The Committee is hereby authorized to grant Options to Participants with the following terms and conditions and with such additional terms and conditions,
in either case not inconsistent with the provisions of this Plan, as the Committee shall determine: 
 (a) The purchase price per Share under
an Option shall be determined by the Committee and set forth in the Award Agreement; provided, however, that, except in the case of Substitute Awards, such purchase price shall not be less than the Fair Market Value of a Share on the date of
grant of such Option or the par value of a Share, whichever is higher. 
 (b) The term of each Option shall be fixed by the Committee;
provided, however, that the term shall be no more than ten years from the date of grant thereof or such shorter term as may be provided in the Award Agreement. 
 (c) The Committee shall determine the time or times at which an Option may be exercised in whole or in part, and the method or methods by which, and the form or forms, including, without limitation, cash, Shares,
other Awards, or other property, or any combination thereof, having a Fair Market Value on the exercise date equal to the relevant exercise price, in which, payment of the exercise price with respect thereto may be made or deemed to have been made.

 (d) All Awards shall be evidenced by an Award Agreement between the Company and the Participant. 
 Section 7. Restricted Stock and Restricted Stock Units.  
 (a) The Committee is hereby authorized to grant Awards of Restricted Stock and Restricted Stock Units to Participants. 
 (b) Shares of Restricted Stock and Restricted Stock Units shall be subject to such restrictions as the Committee may impose (including, without limitation, any limitation on the right to vote a Share of Restricted
Stock or the right to receive any dividend or other right or property), which restrictions may lapse separately or in combination at such time or times, in such installments or otherwise, as the Committee may deem appropriate. 
  

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 (c) Any share of Restricted Stock granted under this Plan may be evidenced in such manner as the
Committee may deem appropriate including, without limitation, book-entry registration or issuance of a stock certificate or certificates, creation of a new class of shares or amendment of the Memorandum and/or Articles of Association of the Company.
In the event any stock certificate is issued in respect of shares of Restricted Stock granted under this Plan, such certificate shall be registered in the name of the Participant and shall bear an appropriate legend referring to the terms,
conditions, and restrictions applicable to such Restricted Stock. 
 Section 8. Other Stock-based Awards.  
 The Committee is hereby authorized to grant to Participants such other Awards (including, without limitation, stock appreciation rights and rights to
dividends and dividend equivalents) that are denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Shares (including, without limitation, securities convertible into Shares) as are deemed by the
Committee to be consistent with the purposes of this Plan. Subject to the terms of this Plan, the Committee shall determine the terms and conditions of such Awards. Shares or other securities delivered pursuant to a purchase right granted under this
Section 8 shall be purchased for such consideration, which may be paid by such method or methods and in such form or forms, including, without limitation, cash, Shares, other securities, other Awards, or other property, or any combination
thereof, as the Committee shall determine, the value of which consideration, as established by the Committee, shall, except in the case of Substitute Awards, not be less than the Fair Market Value of such Shares or the par value of a Share,
whichever is higher, or other securities as of the date such purchase right is granted. 
 Section 9. General Provisions Applicable
to Awards.  
 (a) Awards shall be granted for no cash consideration or for such minimal cash consideration as may be required by
Applicable Laws. 
 (b) Awards may, in the discretion of the Committee, be granted either alone or in addition to or in tandem with any other
Award or any award granted under any other plan of the Company. Awards granted in addition to or in tandem with other Awards, or in addition to or in tandem with awards granted under any other plan of the Company, may be granted either at the same
time as or at a different time from the grant of such other Awards or awards. 
 (c) Subject to the terms of this Plan, payments or transfers
to be made by the Company upon the grant, exercise or payment of an Award may be made in such form or forms as the Committee shall determine including, without 

  

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limitation, cash, Shares, other securities, other Awards, or other property, or any combination thereof, and may be made in a single payment or transfer, in
installments, or on a deferred basis, in each case in accordance with rules and procedures established by the Committee. Such rules and procedures may include, without limitation, provisions for the payment or crediting of reasonable interest on
installment or deferred payments or the grant or crediting of dividend equivalents in respect of installment or deferred payments. 
 (d)
Unless the Committee shall otherwise determine, no Award and no right under any such Award, shall be assignable, alienable, saleable or transferable by a Participant otherwise than by will or by the laws of descent and distribution; provided,
however, that, if so determined by the Committee, a Participant may, in the manner established by the Committee, designate a beneficiary or beneficiaries to exercise the rights of the Participant, and to receive any property distributable, with
respect to any Award upon the death of the Participant. Each Award, and each right under any Award, shall be exercisable during the Participant’s lifetime only by the Participant or, if permissible under applicable law, by the
Participant’s guardian or legal representative. No Award and no right under any such Award, may be pledged, charged, mortgaged, alienated, attached, or otherwise encumbered, and any purported pledge, charge, mortgage, alienation, attachment or
encumbrance thereof shall be void and unenforceable against the Company. The provisions of this paragraph shall not apply to any Award which has been fully exercised, earned or paid, as the case may be, and shall not preclude forfeiture of an Award
in accordance with the terms thereof. 
 (e) All certificates for Shares or other securities delivered under this Plan pursuant to any Award
or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under this Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock
exchange upon which such Shares or other securities are then listed, and any Applicable Laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 
 (f) Unless specifically provided to the contrary in any Award Agreement, upon a Change of Control, all Awards shall become fully vested and exercisable,
and any restrictions applicable to any Award shall automatically lapse. 
 Section 10. Amendment and Termination.  
 (a) Except to the extent prohibited by Applicable Laws and unless otherwise expressly provided in an Award Agreement or in this Plan, the Board may amend,
alter, suspend, discontinue or terminate this Plan or any portion thereof at any time; provided, however, that no such amendment, alteration, suspension, discontinuation or termination shall be made without (i) shareholder 

  

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approval if such approval is necessary to comply with any tax or regulatory requirement for which or with which the Board deems it necessary or desirable to
qualify or comply, (ii) shareholder approval for any amendment to this Plan that increases the total number of Shares reserved for the purposes of this Plan or changes the maximum number of Shares for which Awards may be granted to any
Participant, or (iii) the consent of the affected Participant, if such action would adversely affect the rights of such Participant under any outstanding Award. 
 (b) The Committee may waive any conditions or rights under, amend any terms of, or amend, alter, suspend, discontinue or terminate, any Award theretofore granted, prospectively or retroactively, without the consent of
any relevant Participant or holder or beneficiary of an Award; provided, however, that no such action shall adversely affect the rights of any affected Participant or holder or beneficiary under any Award theretofore granted under this Plan;
and provided further that, except as provided in Section 5(e), no such action shall reduce the exercise price of any Option established at the time of grant thereof. 
 (c) The Committee shall be authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual
or nonrecurring events (including, without limitation, the events described in Section 5(e) affecting the Company, or the financial statements of the Company, or of changes in Applicable Laws or accounting principles; whenever the Committee
determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Plan. 
 (d) Any provision of this Plan or any Award Agreement to the contrary notwithstanding, the Committee may cause any Award granted hereunder to be canceled
in consideration of a cash payment or alternative Award made to the holder of such canceled Award equal in value to the Fair Market Value of such canceled Award. 
 (e) The Committee may correct any defect, supply any omission, or reconcile any inconsistency in this Plan or any Award in the manner and to the extent it shall deem desirable to carry this Plan into effect.

 Section 11. Miscellaneous.  
 (a) No employee, independent contractor, Participant or other person shall have any claim to be granted any Award under this Plan, and there is no obligation for uniformity of treatment of employees, independent
contractors, Participants, or holders or beneficiaries of Awards under this Plan. The terms and conditions of Awards need not be the same with respect to each recipient. 
 (b) The Committee may delegate to one or more officers or managers of the Company, or a committee of such officers or managers, its authority under this Plan; provided, however, that any delegation to
management shall conform with the requirements of the laws of the Cayman Islands, as in effect from time to time. 
  

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 (c) No Shares shall be delivered under this Plan to any Participant until such Participant has made
arrangements acceptable to the Committee for the satisfaction of any income and employment tax withholding obligations under all Applicable Laws. The Company shall be authorized to withhold from any Award granted or any payment due or transfer made
under any Award or under this Plan or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other securities, other Awards, or other property) of withholding taxes due in respect of an Award, its exercise, or any
payment or transfer under such Award or under this Plan and to take such other action (including, without limitation, providing for elective payment of such amounts in cash, Shares, other securities, other Awards or other property by the
Participant) as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes. 
 (d) Except as
otherwise expressly authorized by the Committee, a Participant shall not be entitled to any privilege of share ownership as to any Shares not actually delivered to and held of record by the Participant. 
 (e) Nothing contained in this Plan shall prevent the Company from adopting or continuing in effect other or additional compensation arrangements, and
such arrangements may be either generally applicable or applicable only in specific cases. 
 (f) The grant of an Award shall not be
construed as giving a Participant the right to be retained in the employ or service of the Company or any Affiliate. Further, the Company or the applicable Affiliate may at any time dismiss a Participant from employment or terminate the services of
an independent contractor, free from any liability, or any claim under this Plan, unless otherwise expressly provided in this Plan or in any Award Agreement or in any other agreement binding the parties. 
 (g) If any provision of this Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction, or as to any
person or Award, or would disqualify this Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to Applicable Laws, or if it cannot be so construed or deemed amended
without, in the determination of the Committee, materially altering the intent of this Plan or the Award, such provision shall be stricken as to such jurisdiction, person or Award, and the remainder of this Plan and any such Award shall remain in
full force and effect. 
 (h) Awards payable under this Plan shall be payable in Shares or from the general assets of the Company, and no
special or separate reserve, fund or deposit shall be made to assure payment of such awards. No Participant, 

  

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beneficiary or other person shall have any right, title or interest in any fund or in any specific asset (including Shares, except as expressly otherwise
provided) of the Company or one of its Subsidiaries by reason of any award hereunder. 
 (i) Neither this Plan nor any Award shall create or
be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Company pursuant to an
Award, such right shall be no greater than the right of any unsecured general creditor of the Company. 
 (j) No fractional Shares shall be
issued or delivered pursuant to this Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares or any rights
thereto shall be canceled, terminated or otherwise eliminated. 
 (k) This Plan shall be submitted to the competent foreign exchange
regulatory authority and tax authority of the PRC for registration and shall be implemented in accordance with the relevant rules of these authorities with respect to Employees who are PRC residents. 
 (l) In order to assure the viability of Awards granted to Participants employed in various jurisdictions, the Committee may, in its sole discretion,
provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom applicable in the jurisdiction in which the Participant resides or is employed. Moreover, the Committee may
approve such supplements to, amendments, restatements or alternative versions of this Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of this Plan as in effect for any other purpose;
provided, however, that no such supplements, restatements or alternative versions shall increase the share limitations contained in Section 5. Notwithstanding the foregoing, the Committee may not take any actions hereunder, and no Awards
shall be granted, that would violate any Applicable Laws. 
 (m) The Plan and all Award Agreements shall be governed by and construed in
accordance with the laws of the Cayman Islands. 
 Section 12. Effective Date of Plan.  
 The Plan shall be effective as of the date of its approval by the stockholders of the Company. 
  

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 Section 13. Term of this Plan.  
 No Award shall be granted under this Plan after the tenth anniversary of the effective date. However, unless otherwise expressly provided in this Plan or
in an applicable Award Agreement, any Award theretofore granted may extend beyond such date, and the authority of the Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award, or to waive any conditions or rights under
any such Award, and the authority of the Board to amend this Plan, shall extend beyond such date. 
  

 12Form of Indemnification Agreement with the Registrant's directors and officers

 Exhibit 10.2 
 China Time Share Media Co. Ltd 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement (the “Agreement”) is made as of
[            ], 2008 by and between China Time Share Media Co. Ltd, a Cayman Islands Company (the “Company”), and the undersigned, a director and/or an officer of the
Company (the “Indemnitee”), as applicable. 
 WHEREAS, the Company and the Indemnitee recognize the difficulty in obtaining
directors’ and officers’ liability insurance, the cost of such insurance and the limited scope of coverage of such insurance; 
 WHEREAS, the Company and the Indemnitee further recognize the substantial increase in corporate litigation in general, subjecting officers and directors to expensive litigation risks at the same time as the availability and coverage of
liability insurance has been severely limited; 
 WHEREAS, the Indemnitee does not regard the current protection available as adequate under
the present circumstances, and the Indemnitee and other officers and directors of the Company may not be willing to continue to serve as officers and directors without additional protection; and 
 WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as the Indemnitee, to serve as officers and
directors of the Company and to indemnify its officers and directors so as to provide them with the maximum protection permitted by law. 
 NOW, THEREFORE, the Company and the Indemnitee hereby agree as follows: 
 1. Indemnification. 
 (a) Third Party Actions. The Company shall indemnify and hold harmless the Indemnitee if the Indemnitee was or is a party or is threatened to be
made a party to, or is involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action, suit or proceeding by or in the right of the Company) by reason of
the fact that the Indemnitee is or was a director or officer of the Company, or is or was serving at the request of the Company as a director or officer of another corporation, partnership, joint venture, trust or other enterprise, against expenses
(including attorneys’ fees), judgments, fines and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) actually and reasonably incurred by the Indemnitee in
connection with such action, suit or proceeding if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and with respect to any criminal action or
proceeding, had no reasonable cause to believe the 

 
Indemnitee’s conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of
nolo contendere or its equivalent, shall not, in itself, create a presumption that the Indemnitee did not act in good faith and in a manner which the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company
and, with respect to any criminal action or proceeding, had reasonable cause to believe that the Indemnitee’s conduct was unlawful. 
 (b) Actions by or in the Right of the Company. The Company shall indemnify and hold harmless the Indemnitee if the Indemnitee was or is a party or is threatened to be made a party to, or is involved in any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by or in the right of the Company to procure a judgment in its favor by reason of the fact that the Indemnitee is or was a director or officer of the
Company, or is or was serving at the request of the Company as a director or officer of another corporation, partnership, joint venture, trust or other enterprise against expenses (including attorneys’ fees), judgments, fines and amounts paid
in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) actually and reasonably incurred by the Indemnitee in connection with such action, suit or proceeding if the Indemnitee acted
in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, except that, if applicable law so provides, no indemnification shall be made in respect of any claim, issue or matter as
to which the Indemnitee shall have been adjudged to be liable to the Company unless and to the extent that any court in which such action, suit or proceeding was brought shall determine upon application that, despite the adjudication of liability
but in view of all the circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnity for such expenses which as such court shall deem proper. Notwithstanding any other provision of this Agreement, the Indemnitee shall not
be indemnified hereunder for any expenses or amounts paid in settlement with respect to any action to recover short-swing profits under Section 16(b) of the Securities Exchange Act of 1934, as amended. 
 (c) Mandatory Payment of Expenses. To the extent that the Indemnitee has been successful on the merits or otherwise in defense of any action, suit
or proceeding referred to in Subsections (a) and (b) of this Section 1 or in defense of any claim, issue or matter therein, the Indemnitee shall be indemnified against expenses (including attorneys’ fees) actually and reasonably
incurred by the Indemnitee in connection therewith. 
 (d) Determination of Conduct. Any indemnification under Subsections
(a) and (b) of this Section 1 (unless ordered by a court) shall be made by the Company upon a determination that the indemnification of the Indemnitee is proper in the circumstances because the Indemnitee has met the applicable
standard of conduct set forth in Subsections (a) and (b) of this Section 1. Such 

  

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determination shall be made (1) by a majority vote of the disinterested directors, even though less than a quorum, (2) by independent legal counsel
in a written opinion or (3) by the stockholders. Notwithstanding the foregoing, the Indemnitee shall be entitled to contest any determination as to the Indemnitee’s standard of conduct set forth in Subsections (a) and (b) of this
Section 1 by petitioning a court of competent jurisdiction. 
 (e) Selection of Independent Counsel. If the determination of
entitlement to indemnification is to be made by independent counsel pursuant to Subsection (d) of this Section 1, the independent counsel shall be selected jointly by the Indemnitee and the Company. In the event the Indemnitee and the
Company cannot agree on the selection of the independent counsel, either party may petition the a court of competent jurisdiction to resolve the issue or to make its own provisions for the selection of independent counsel. The Company shall pay any
and all reasonable fees and expenses of the independent counsel incurred in connection with acting pursuant to Section 1(d) hereof, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Subsection (e),
regardless of the manner in which such independent counsel was selected or appointed. 
 2. Expenses; Indemnification Procedure.

 (a) Advancement of Expenses. Expenses incurred in connection with any action, suit or proceeding by the Indemnitee, if the
Indemnitee reasonably believes that he is entitled to indemnification pursuant to Subsection (a) or (b) of Section 1 hereof, shall be paid by the Company in advance of the final disposition of such action, suit or proceeding upon
receipt of an undertaking by or on behalf of the Indemnitee to repay such amount if it shall ultimately be determined that the Indemnitee is not entitled to be indemnified by the Company pursuant to this Agreement (the
“Undertaking”); provided, however, that the Company shall not be required to advance expenses to the Indemnitee in connection with any proceeding (or part thereof) initiated by the Indemnitee unless the action, suit or
proceeding was authorized in advance by the board of directors of the Company; provided further that no advance shall be made by the Company to the Indemnitee in any action, suit or proceeding, whether civil, criminal, administrative or
investigative, if a determination is reasonably and promptly made (i) by a majority vote of disinterested directors or (ii) by independent legal counsel in a written opinion, that the facts known to the decision-making party at the time
such determination is made demonstrate clearly and convincingly that the Indemnitee acted in bad faith or in a manner that the Indemnitee did not believe to be in or not opposed to the best interests of the Company. Nonetheless, the Indemnitee shall
be entitled to receive interim payments of expenses pursuant to this Subsection (a) unless and until such defense may be finally adjudicated by court order or judgment from which no further right of appeal exists. 
  

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 (b) Notice/Cooperation by the Indemnitee. The Indemnitee shall, as a condition precedent to his or
her right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any action, suit or proceeding involving the Indemnitee for which indemnification will or could be sought under this Agreement. Notice to
the Company shall be directed to the Chief Executive Officer of the Company at the address shown on the signature page of this Agreement (or such other address as the Company shall designate in writing to the Indemnitee). In addition, the Indemnitee
shall cooperate with, and provide such information to, the Company as it may reasonably require and as shall be within the Indemnitee’s power. 
 (c) Procedure. Any indemnification and advances determined proper in accordance with Sections 1 or 2 hereof shall be made no later than 45 days after such determination. If a claim under this Agreement, any law, statute or rule,
or any provision of the Company’s Amended and Restated Certificate of Incorporation or Amended and Restated Bylaws providing for indemnification, is not paid in full by the Company within 45 days after such determination, the Indemnitee may,
but need not, at any time thereafter bring an action against the Company to recover the unpaid amount of the claim and, subject to Section 13 hereof, the Indemnitee shall also be entitled to be paid for the expenses (including attorneys’
fees) of bringing such action. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in connection with any action, suit or proceeding in advance of its final disposition) that the Indemnitee
has not met the standards of conduct required under applicable law for the Company to indemnify the Indemnitee for the amount claimed. 
 (d)
Notice to Insurers. If, at the time of the receipt of a notice of an action, suit or proceeding pursuant to Section 2(b) hereof, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of
the commencement of such action, suit or proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all reasonable action to cause such insurers to pay, on behalf of the
Indemnitee, all amounts payable as a result of such action, suit or proceeding in accordance with the terms of such policies. 
 (e)
Assumption of Defense. In the event the Company shall be obligated under Section 2(a) hereof to pay the expenses of any action, suit or proceeding involving the Indemnitee, the Company, if appropriate, shall be entitled to assume the
defense of such action, suit or proceeding, with counsel approved by the Indemnitee (such approval not to be unreasonably withheld), upon the delivery to the Indemnitee of written notice of its election so to do. After delivery of such notice,
approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the
same proceeding; provided that (i) the Indemnitee shall have the right to employ his or her counsel in any such action, suit or proceeding at the Indemnitee’s expense; and 

  

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(ii) if (A) the employment of counsel by the Indemnitee has been previously authorized by the Company, (B) the Indemnitee shall have
reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense, or (C) the Company shall not, in fact, have employed counsel to assume the defense of such action, suit or
proceeding, then the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company. 
 3. Additional
Indemnification Rights; Nonexclusivity. 
 (a) Scope. Notwithstanding any other provision of this Agreement, the Company hereby
agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding the fact that such indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s Amended and Restated
Certificate of Incorporation, the Company’s Amended and Restated Bylaws or by law, statute or rule. In the event of any change in any applicable law, statute or rule which narrows the right of a Cayman Islands corporation to indemnify a member
of its board of directors or an officer, such changes, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement shall have no effect on this Agreement or the parties’ rights and obligations hereunder.

 (b) Nonexclusivity. The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which the
Indemnitee may otherwise be entitled under the Company’s Amended and Restated Certificate of Incorporation, Amended and Restated Bylaws, any agreement, any vote of shareholders or disinterested directors, the Cayman Islands Companies Law or by
law, statute or rule. The indemnification provided under this Agreement shall continue as to the Indemnitee for any act or omission while serving in an indemnified capacity even though he or she may have ceased to serve in such capacity at the time
of any action, suit or other covered proceeding. 
 4. Partial Indemnification. If the Indemnitee is entitled under any provision of
this Agreement to indemnification by the Company for some or a portion of the expenses (including attorneys’ fees), judgments, fines or amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall
not be unreasonably withheld) actually and reasonably incurred by the Indemnitee in connection with any action, suit or proceeding but not, however, for the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the
portion of such expenses, judgments, fines or amounts paid in settlement to which the Indemnitee is entitled. 
 5. Mutual
Acknowledgment. Both the Company and the Indemnitee acknowledge that in certain instances, Federal law or applicable public policy may prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise. The
Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a
determination of the Company’s right under public policy to indemnify the Indemnitee. 
  

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 6. Officer and Director Liability Insurance. The Company may, from time to time, make the good
faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses from
wrongful acts, or to ensure the Company’s performance of its indemnification obligations under this Agreement. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage against the protection afforded by
such coverage. In all policies of director and officer liability insurance, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee the same rights and benefits as are accorded to the most favorably insured of
(x) the Company’s directors, if the Indemnitee is a director, (y) the Company’s officers, if the Indemnitee is not a director of the Company, but is an officer or (z) the Company’s key employees, if the Indemnitee is
not an officer or director, but is a key employee. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain such insurance if the Company determines in good faith that such insurance is not reasonably available, if
the premium costs for such insurance are disproportionate to the amount of coverage provided, if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or if the Indemnitee is covered by similar
insurance maintained by a subsidiary or parent of the Company. However, the Company’s decision whether or not to adopt and maintain such insurance shall not affect in any way its obligations to indemnify the Indemnitee under this Agreement or
otherwise. 
 7. Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to take
or not take any act in violation of applicable law. The Company shall not be in breach of this Agreement if, pursuant to court order, it is prohibited from performing its obligations hereunder. The provisions of this Agreement shall be severable as
provided in this Section 7. If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify the Indemnitee to the fullest extent permitted by any
applicable portion of this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in accordance with its terms. 
 8. Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this
Agreement: 
 (a) Claims Initiated by the Indemnitee. To indemnify or advance expenses to the Indemnitee with respect to proceedings or
claims initiated or brought voluntarily by the Indemnitee and not by way of defense, except with respect to proceedings brought to establish or enforce a right to indemnification under this Agreement or any other law, statute or rule, but such
indemnification or advancement of expenses may be provided by the Company in specific cases if the Board of Directors has approved the initiation or bringing of such suit. 
  

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 (b) Lack of Good Faith. To indemnify the Indemnitee for any expenses incurred by the Indemnitee
with respect to any proceeding instituted by the Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that each material assertion made by the Indemnitee in such proceeding was not made in good faith or
was frivolous. 
 (c) Insured Claims. To indemnify the Indemnitee for expenses or liabilities of any type whatsoever (including, but
not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) which have been paid directly to the Indemnitee by an insurance carrier under a policy maintained by the Company. 
 (d) Claims Under Section 16(b). To indemnify the Indemnitee for expenses and the payment of profits arising from the purchase and sale by the
Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute. 
 9. Construction of Certain Phrases. For purposes of this Agreement, references to the “Company” shall include any constituent corporation (including any constituent of a constituent) absorbed by purchase, consolidation,
merger or otherwise which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, employees or agents, so that if the Indemnitee is or was a director, officer, employee or agent of such
constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, the Indemnitee shall stand in the
same position under the provisions of this Agreement with respect to the resulting or surviving corporation as the Indemnitee would have with respect to such constituent corporation if its separate existence had continued. 
 10. Effectiveness. This Agreement shall be deemed to be effective as of the commencement date of the Indemnitee’s service as an officer or
director of the Company. 
 11. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall
constitute an original. 
  

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 12. Successors and Assigns. This Agreement shall be binding upon the Company and its successors
and assigns, and shall inure to the benefit of the Indemnitee and the Indemnitee’s estate, heirs, legal representatives and assigns. 
 13. Attorneys’ Fees. In the event that any action, suit or proceeding is instituted by the Indemnitee under this Agreement to enforce or interpret any of the terms hereof, the Indemnitee shall be entitled to be paid all court
costs and expenses (including attorneys’ fees), incurred by the Indemnitee with respect to such action, unless as a part of such action, suit or proceeding the court of competent jurisdiction determines that each material assertion made by the
Indemnitee as a basis for such action, suit or proceeding was not made in good faith or was frivolous. In the event of an action instituted by or in the name of the Company under this Agreement or to enforce or interpret any of the terms of this
Agreement, the Indemnitee shall be entitled to be paid all court costs and expenses (including attorneys’ fees) incurred by the Indemnitee in defense of such action (including with respect to the Indemnitee’s counterclaims and cross-claims
made in such action), unless as a part of such action the court of competent jurisdiction determines that each material defense asserted by the Indemnitee was made in bad faith or was frivolous. 
 14. Notice. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given
(i) if delivered by hand and receipted for by the party addressee, on the date of such receipt, or (ii) if mailed by domestic certified or registered mail with postage prepaid, on the third business day after the date postmarked. Addresses
for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by written notice. 
 15.
Governing Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of New York, U.S.A.,
without giving effect to conflicts of law provisions thereof. 
 16. Modification. This Agreement constitutes the entire agreement
between the parties hereto with respect to the subject matter hereof. All prior negotiations, agreements and understandings between the parties with respect hereto are superseded hereby. This Agreement may not be modified or amended except by an
instrument in writing signed by or on behalf of the parties hereto. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

  

			
	China Time Share Media Co. Ltd
		
	By:	 	  

	Name:	 	
	Title:	 	

 Agreed and accepted as of the date hereof: 
 INDEMNITEE 

	
	  

	
	  

	  

	  

 (address) 
  

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