Document:

exv10w1

Exhibit 10.1

CHRIS M. BAUER

EMPLOYMENT AGREEMENT

     THIS AGREEMENT entered into as of this 29th day of June, 2011, effective as of June 23 2011
(the “Effective Date”) by and among ANCHORBANK FSB, a federally-chartered depository
financial institution having its principal office in Madison, Wisconsin (hereinafter referred to as
“AnchorBank” or “Bank”), Anchor BanCorp Wisconsin, Inc., a Wisconsin corporation (the “Company”),
and CHRIS M. BAUER (hereinafter referred to as the “Employee”).

W I T N E S E T H:

     WHEREAS, AnchorBank is in the banking business, providing a variety of financial services to
its customers, including but not limited to residential, commercial and consumer loans and
investments services throughout the State of Wisconsin.

     WHEREAS, the AnchorBank wishes to assure itself of the services of the Employee for a
twenty-four (24) month period in the capacity of President and Chief Executive Officer and Employee
wishes to serve in the employ of the Bank in such a capacity;

     And

     WHEREAS, the parties agree upon the terms and conditions hereinafter set forth.

     NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter set
forth, the parties hereto, intending to be legally bound, hereby agree as follows:

     1. Position. The Employee shall serve the Bank as its President and Chief Executive
Officer and shall serve the Company in the same capacities (the Bank and Company may be referred to
collectively herein as the “Employer”). The Employee hereby represents that he is not bound by any
confidentiality agreements or restrictive covenants which restrict or may restrict his ability to
perform his duties hereunder, and agrees that he will not enter into any such agreements or
covenants during the term of his employment hereunder, except such restrictive covenants or
confidentiality agreements as are required by the Bank and/or Company. The Employee shall report to
the respective Boards of Directors of the Bank and Company. The starting date of the position for
purposes of this Agreement shall be its Effective Date of June 23, 2011.

     2. Duties. Employee shall serve the Bank and Company, respectively, as their
President and Chief Executive Officer. As such, Employee shall report directly to the Boards of
Directors of each of the Employers. Employee shall be nominated as a management candidate for
election to said boards upon expiration of his terms on each and shall continue to be so nominated
while this Agreement remains in effect; provided that upon termination of such employment he shall
tender his resignation from each of said Boards. While employed, Employee shall serve as a member
of the Bank’s and Company’s Management Committees and be generally responsible for rendering
executive, policy-making and other management services of the type customarily performed by persons
serving in similar capacities at other institutions, together with such other duties and
responsibilities as may be appropriate to Employee’s position

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and as may be from time to time determined by the respective Board’s of Directors to be
necessary and in accordance with their applicable bylaws.

     3. Location of Performance of Duties. It is anticipated that Employee will perform
his job duties at the corporate offices located in Madison, Wisconsin, except to the extent his
duties may from time to time require his presence at branch offices or other locations.

     4. Conduct. The Employee shall at all times during his employment:

          4.1 Observe and conform to all federal, state and local laws;

          4.2 Comply with all Bank employment policies applicable to employees, including the Bank’s
then-current Employee Handbook (the “Employee Handbook”);

          4.3 Accept and carry out all reasonable directions and orders of the Boards of Directors of
the Bank and Company;

          4.4 Otherwise act in a professional manner, setting the example of excellence to the
workforce, government officials and agencies, and community.

     5. Reports. The Employee shall prepare or provide for the preparation of any reports
requested by the Boards of Directors of the Bank or Company, or as otherwise required consistent
with the discharge of his duties, on a timely basis.

     6. Term of Employment and Compensation.

          6.1 Term of Employment. The Bank shall employ Employee for a period of two (2) years,
running from the Effective Date through June 22, 2013, except as otherwise provided.

          6.2 Salary. The Employee’s salary shall be $700,000.00 per annum, payable by the Bank
at the rate of $58,333.33 monthly, in accordance with the Bank’s normal payroll procedures;
provided, however, that such amount may be prorated between the Bank and Company in such proportion
as may be determined by their Boards of Directors to appropriately reflect the allocation of
Employee’s time between them.

          6.3 EESA/ARRA. The Agreement is intended to comply with rules and regulations
pertaining to executive compensation under the Emergency Economic Stabilization Act of 2008 (EESA),
as amended by the American Recovery and Reinvestment Act of 2009 (the ARRA) and any amendments
thereto and regulations which may have impact on the Agreement, including those regulations which
became effective upon issuance by the U.S. Department of Treasury as 31 C.F.R. Part 30 on or about
June 15, 2009 (the “Regulations”). Effective during the period in which any obligation of the
Company arising from financial assistance provided under the United States Treasury’s Troubled
Assets Relief Program (TARP) remains outstanding (but not including any period during which the
Federal Government only holds warrants to purchase common stock of the Company), such that the
Company is subject to Section 111 of EESA (the “TARP Participation Period”), Employer shall not,
and shall not be obligated to, pay or accrue any bonus, retention award or incentive compensation
or make any payment for Employee’s departure from the Employer for any reason (except for payments
for services performed or benefits accrued) to or for Employee to the extent prohibited by Section
111 of EESA or the Regulations. If in the opinion of tax or regulatory counsel selected by
Employer

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and acceptable to Employee, it is necessary to limit or reduce Employee’s compensation
pursuant to this Section 6.3, the Bank shall take all reasonable steps to restructure this
Agreement and Employee’s compensation and benefits in a manner intended to compensate the Employee
according to the original provisions and intent of this Agreement. This restructuring may, to the
extent permissible under EESA and/or the Regulations, include (a) delaying payments during the TARP
Participation Period to a time when the Bank is no longer subject to Section 111 of EESA, or (b)
implementing payments or programs not originally contemplated by the parties. If in the opinion of
such counsel there are payments or amounts not capable of restructuring, such amounts or payments
shall be deemed waived by Employee and Employee agrees to accept such waiver; provided, however,
that if Employee believes such opinion to be incorrect, (A) the Bank shall pay to the Employee the
maximum amount of payments and benefits which such opinion indicates there is a high probability do
not result in any such payment and benefits being in violation of EESA and/or the Regulations, and
(B) the Bank may request, and Employee shall have the right to demand, that Employer request a
ruling from the IRS or other applicable regulatory authority as to whether the disputed payments
have such consequences. Any such request for a ruling shall be promptly prepared and filed by the
Bank, but in no event later than thirty (30) days from the date of the Employee’s request as
referred to above, and shall be subject to Employee’s approval prior to filing, which shall not be
unreasonably withheld. The Bank and Employee agree to be bound by any ruling received and to make
appropriate payments to each other to reflect the impact of EESA and the Regulations on payments
made or to be made as reflected by such rulings, together with interest at the applicable federal
rate provided for in Section 7872(f)(2) of the Code.

     In the event the Bank ceases to be subject to ARRA and/or Section 111 of EESA and the
Regulations for any reason, any limitations on amounts or payments to Employee imposed by this
Section 6.3 shall cease to be effective. The parties to this Agreement recognize that further
regulations under AARA and EESA, in addition to the Regulations, may affect the amounts that may be
paid under this Agreement and agree that, upon issuance of any such further regulations this
Agreement may be modified as is in good faith deemed necessary in light of the provisions of such
regulations to achieve the intent and purposes of this Agreement, and that consent to such
modifications shall be unreasonably withheld.

     7. Expense Reimbursement. During the term of this Agreement, the Bank shall reimburse
the Employee for all reasonable and necessary out-of-pocket expenses incurred, such as mileage for
commuting at the IRS approved rate, lodging, meals and other job and travel-related expenses,
including assistance with respect to Madison living quarters or other expense items as determined
by the Bank with the Bank’s prior written approval, by the Employee in connection with the
performance of his duties hereunder, upon the presentation of proper accounts therefore in
accordance with Bank policies. Such reimbursement will be due within ten (10) days after the
Bank’s receipt of Employee’s request for reimbursement.

     8. Benefits. During the term of this Agreement, the Employee shall be entitled to the
employee benefits as provided in the Employee Handbook, dated October 1, 2009 and as updated by
Employer from time to time. Employee, if he satisfies the conditions for eligibility, will be
eligible to receive such other benefits that are or become available to employees with the similar
job titles and job classifications including, but not limited to, stock options, restricted stock
grants, and participation in excess benefit plans, as the same may be authorized, approved or
adopted by the Board of Directors. In addition, Employee shall be entitled to use of an automobile
provided by Employer under the terms of such corporate automobile policy as it may from time to
time authorize and maintain in effect.

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     9. Termination of Employment. Employee’s employment may be terminated by the Bank or
Employee before the end of the term of the Agreement, as follows:

	 	(a)	 	By Bank. Employee can be terminated by the Bank’s
Board of Directors at any time by written notice during the term of this
Agreement for “Cause” or for any other reason. For purposes of a termination
for Cause, Cause shall mean any termination because of Employee’s personal
dishonesty, incompetence, willful misconduct, breach of fiduciary duty
involving personal profit, intentional failure to perform stated duties,
willful violation of any law, rule, or regulation (other than traffic
violations or similar offenses) or final cease and desist order, or material
breach of any provision of this contract. Should Employee be terminated for
Cause under this provision, Employee will not be eligible to receive any
further compensation or benefits for any period after such termination.
	 
	 	(b)	 	By Employee Resignation. If Employee voluntarily
resigns from the Bank, Employee agrees to give at least thirty (30) days
advance written notice to the Bank. Employee agrees to continue to provide
services consistent with the terms of this Agreement throughout such thirty
(30) day notice period if so requested by the Bank or Company (or for such
longer period on which the Employee and Employer may agree) and to work with
any person designated by the Boards as a replacement for Employee to (i) wind
up those matters with which Employee is involved which are capable of
resolution within the notice period, and (ii) assist in the training of a
replacement and in the transitioning of those matters not capable of being
wound up within the notice period. In consideration of continuing to provide
such services, together with providing assistance in winding up and
transitioning of matters and contingent upon Employee providing the same for
thirty (30) days or for any longer period as agreed upon, the Bank agrees to
pay Employee an amount equal his salary for the period for which such services
were provided.
	 
	 	(c)	 	Death, Retirement or Disability. (i) This Agreement
shall terminate upon the death or retirement of Employee. As used herein, the
term “retirement” shall mean Employee’s retirement in accordance with any
retirement arrangement established with Employee’s consent.
	 
	 	 	 	If termination occurs as the result of death or retirement, no additional
compensation shall be payable under this Agreement, except that Employee
shall receive all compensation and other benefits to which he was entitled
as the result of service through the Termination Date together with such
other benefits available to him under Applicable benefit plans and programs
to which he was entitled by reason of employment through the Termination
Date.
	 
	 	(ii)	 	As used in this Agreement, “disability” means: (A) the Employee is
unable to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment that can be expected to
result in death or can be expected to last for a continuous period of not
less than 12 months; or (B) the Employee is, by reason of

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	 	 	 	any medically determinable physical or mental impairment that can be
expected to result in death or can be expected to last for a continuous
period of not less than 12 months, receiving income replacement benefits for
a period of not less than three months under an accident and health plan
covering employees of the Employer. Any question as to the existence of
Employee’s disability upon which Employee and Employer cannot agree shall be
determined by a qualified independent physician mutually agreeable to
Employee and Employer or, if the parties are unable to agree upon a
physician within ten (10) days after notice from either to the other
suggesting a physician, by a physician designated by the then president of
the medical society for the county in which Employee maintains his principal
residence. The costs of any such medical examination shall be borne by the
Employer. If Employee is unable to continue active employment due to
disability, he shall be paid 75% of his Base Salary for the lesser of one
year or the remainder of the Employment Term (such amounts to be offset by
any monthly payments actually received by Employee during the payment period
from (Y) any disability plans provided by the Employer, and/or (Z) any
governmental social security or workers compensation program) with his
employment terminating at the end of such period.
	 
	 	 	 	If termination occurs as the result of disability, no additional
compensation shall be payable under this Agreement, except that Employee
shall receive all compensation and other benefits to which he was entitled
as the result of service through the Termination Date together with such
other benefits available to him under applicable benefit plans and programs
to which he was entitled by reason of employment through the Termination
Date.
	 
	 	(d)	 	Suspension or Termination Required by the OTS or FDIC.

(A) If Employee is suspended and/or temporarily prohibited from
participating in the conduct of the Employer’s affairs by a notice served
under Section 8(e)(3), or Section 8(g)(1), of the Federal Deposit Insurance
Act [12 U.S.C. § 1818(e)(3) and (g)(l)], the Bank’s obligations under the
Agreement shall be suspended as of the date of service of the notice unless
stayed by appropriate proceedings. If the charges in the notice are
dismissed, the Bank shall (i) pay Employee all of the compensation withheld
while their obligations under this Agreement were suspended, and (ii)
reinstate such obligations as were suspended.

(B) If Employee is removed and/or permanently prohibited from participating
in the conduct of the Employer’s affairs by an order issued under Section
8(e)(4) or Section 8(g)(1) of the Federal Deposit Insurance Act [12 U.S.C. §
1818(e)(4) or (g)(1)], all obligations of the Bank under the Agreement shall
terminate as of the effective date of the order, but vested rights of the
contracting parties shall not be affected.

(C) If the Bank is in default as defined in Section 3(x)(1) of the
Federal Deposit Insurance Act [12 U.S.C. 1813 (x)(1)], all obligations under
the

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Agreement shall terminate as of the date of default, but this paragraph
shall not affect any vested rights of the Employee.

(D) All obligations under the Agreement shall be terminated, except to the
extent determined that continuation of the contract is necessary for the
Employer’s continued operations (i) by the Director of the OTS, or his or
her’ designee at the time the FDIC or Resolution Trust Corporation (“RTC”)
enters into an agreement to provide assistance to or on behalf of the
Employer under the authority contained in Section 13(c) of the Federal
Deposit Insurance Act or (ii) by the Director of the OTS, or his or his
designee, at the time it approves a supervisory merger to resolve problems
related to operation of the Employer or when the Employer are determined by
the Director of the OTS to be in an unsafe or unsound condition. Any rights
of the parties that have already vested, however, shall not be affected by
such action.

(E) In the event that 12 C.F.R. § 563.39, or any successor regulation, is
repealed, this Section 9(d) shall cease to be effective on the effective
date of such repeal. In the event that 12 C.F.R. § 563.39, or any successor
regulation, is amended or modified, this Agreement shall be revised to
reflect the amended or modified provisions if: (1) the amended or modified
provision is required to be included in this Agreement; or (2) if not so
required, the Employee requests that the Agreement be so revised.

     10. Confidential Information.

          10.1 Non-Disclosure. Employee acknowledges that AnchorBank is engaged in a highly
competitive industry which draws customers primarily from the local communities both in and
surrounding the locations of its corporate and branch offices throughout the State of Wisconsin.
AnchorBank has a proprietary interest in its information, including without limitation, data and
plans pertaining to marketing/strategic/business planning, pricing information, training, and
personnel information, all of which are highly confidential and/or constitute trade secrets.
Employee further acknowledges that AnchorBank obtains and compiles, at significant expense, highly
sensitive customer information, including, but not limited to, customer names, addresses, telephone
numbers, social security numbers, account numbers, and asset and/or investment information, such as
name, nature and amount of assets, date of transactions and other such information and that
AnchorBank has developed and implemented comprehensive security measures to protect such
information from unauthorized disclosure, which are required under federal, specifically, the Gramm
Leach Bliley Statute, and implementing regulations, known as Regulation P — Privacy of Consumer
Financial Information.

          10.2 Employee acknowledges that such confidential and proprietary information is contained at
AnchorBank’s offices, in AnchorBank’s computer network systems, and other electronic communication
devices which Employee may be given access.

          10.3 Employee acknowledges that such confidential and proprietary information is owned and
shall continue to be owned by AnchorBank. Except as provided in this Section 10, Employee agrees:

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     10.3.1 During the term of his employment and for a period of one (1) year after such
employment terminates, not to use such information for any purpose whatsoever or to divulge
such information to any person other than AnchorBank or persons to whom AnchorBank has given
its consent unless such information has already become common knowledge or unless Employee
is compelled to disclose it by governmental process;

     10.3.2 To the extent that such information constitutes information protected by the
Uniform Trade Secrets Act, Section 134.90, Wis. Stats., Employee agrees not to use or
divulge such information, during the term of his employment and thereafter indefinitely,
until such information is no longer protected by the foregoing statute or unless AnchorBank
has given its consent;

     10.3.3 To the extent that such information constitutes information protected by the
Gramm Leach Bliley Statute, Employee agrees not to use or divulge customer personal
information, such as, social security numbers, account numbers, and asset and/or investment
information, such as name, nature and amount of assets, date of transactions and other such
information, during the term of his/her employment and thereafter indefinitely.

          10.4 Upon termination, all documents and information listed in paragraph 10.1 shall be
returned to AnchorBank, unless otherwise authorized by AnchorBank. To the extent the property
belongs to any other affiliate of AnchorBank, AnchorBank will forward the information to the
affiliate.

          10.5 Employee agrees not to make any copies of any trade secret or confidential information
for use outside of AnchorBank’s office except as specifically authorized in writing by AnchorBank.

          10.6 Notice of Disclosure. In the event that the Employee is required, by oral
questions, interrogatories, requests for information or documents, subpoena, civil investigative
demand or similar process, to disclose any confidential material relating to the AnchorBank, the
Employee shall provide the AnchorBank with prompt notice thereof so that the Bank may seek an
appropriate protective order and/or waive compliance by the Employee with the provisions hereof;
provided, however, that if in the absence of a protective order or the receipt of such a waiver,
the Employee is, in the opinion of counsel for the AnchorBank or the Employee, compelled to
disclose confidential material not otherwise disclosable hereunder to any legislative, judicial or
regulatory body, agency or authority, or else be exposed to liability for contempt, fine or penalty
or to other censure, such confidential material may be so disclosed.

          10.7 Availability of Documents to Employee. In the event Employee becomes the subject
of any form of regulatory action or complaint relating to his period of employment by the Employer,
Employee may request access to such documents and other Bank, Company or subsidiary information as
is deemed reasonably necessary by the Employee (or his counsel or representative) to Employee’s
defense of such action or complaint. Employer shall determine, in its sole discretion, what
documentation or information to make available; provided, however, that (i) no information or
materials constituting “unpublished OTS information” under 12 C.F.R. Section 510.5 shall be
provided under any circumstances except in compliance with the provisions thereof, and (ii)
Employee and his counsel or representative must first agree to steps

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acceptable to the Employer (or to any successor to Employer) to safeguard against unauthorized
disclosure of the accessed information. Employee’s right of access pursuant to this Section 10.7
shall survive any termination of employment regardless of cause.

     11. Discoveries and Inventions. Employee agrees that all inventions, designs,
improvements, writings, research, analysis, and discoveries made during the term of this Agreement
and pertaining to the business conducted by AnchorBank shall be the exclusive property of
AnchorBank, as determined solely by AnchorBank. Employee shall assist AnchorBank in obtaining
patents, trademarks, service marks and/or copyrights on all such inventions, designs, improvements,
writings and discoveries deemed suitable for patent, trademark, service mark, or copyright by
AnchorBank, and shall execute all documents and do all things necessary to obtain letters, patents,
or copyrights, vest AnchorBank with full and exclusive title thereto, and protect the same against
infringements by others.

     12. Goodwill. At no time, may Employee take any action or make any statement the
effect of which is intended to disparage the goodwill of the Employer or the business reputation or
good name of the Employer, its officers, directors or employees, or be otherwise detrimental to the
Employer.

     13. Equitable Relief/Court Jurisdiction. In the event of a breach or threatened
breach of this Agreement, the non-breaching party shall be entitled to pre-judgment injunctive
relief or similar equitable relief (and the breaching party shall reimburse the Bank for the costs
and reasonable attorneys’ fees of procuring such an injunction or relief) restraining the breaching
party from committing or continuing any such breach or threatened breach or granting specific
performance of any act required to be performed, without the necessity of showing any actual damage
or that money damages would not afford an adequate remedy and without the necessity of posting any
bond or other security. The parties also hereby consent to the jurisdiction of the Federal courts
located in the Western District of Wisconsin and the state courts located in Dane County for any
proceedings under this Agreement. Nothing herein shall be construed as prohibiting either party
from pursuing any other remedies at law or in equity which it may have.

     14. Successors and Assigns. The Employee may not assign this Agreement or any part
thereof.

     15. Governing Law. This Agreement shall be deemed a contract made under, and for all
purposes shall be construed in accordance with, the laws of the State of Wisconsin applicable to
contracts to be performed entirely within such State.

     16. Entire Agreement. This Agreement contains all the understandings and
representations between the parties hereto pertaining to the subject matter hereof and it
supersedes all undertakings and agreements, whether oral or in writing, if there be any, previously
entered into by them with respect thereto.

     17. Amendment. No modification, amendment or addition to this Agreement will be valid
or enforceable unless it is in writing and signed by both parties.

     18. Waiver. Failure to insist upon the full performance of an obligation or failure
to exercise rights under this Agreement shall not constitute a waiver as to future defaults or
exercise of rights.

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     19. Notices. All notices, demands and other communications which may or are required
to be given under this Agreement must be in writing, must be given either by personal delivery or
by registered or certified mail and will be deemed to have been given when personally delivered or
when deposited in the mail, postage prepaid, addressed to the residence of Employee or his legal
representative or to the business address of the Bank, as the case may be, or to such other
addresses either party may designate by written notice to the other party.

     20. Severability. The invalidity or unenforceability of any particular provision of
this Agreement shall not affect the other provisions hereof and this Agreement shall be construed
in all respects as if such invalid or unenforceable provisions were omitted.

     21. Survivorship. The respective rights and obligations of the parties hereunder
shall survive any termination of this Agreement to the extent necessary to the intended
preservation of such rights and obligations.

     22. Counterparts. This Agreement may be executed in counterparts, both of which shall
be deemed an original, but all of which taken together shall constitute one and the same
instrument.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of this 29th day of
June, 2011.

	 	 	 	 	 
	 	ANCHORBANK
fsb

 	 
	 	By:  	 	 
	 	 	Mark D. Timmerman, Secretary, General Counsel 	 
	 	 	 	 
	 	ANCHOR BANCORP WISCONISN, INC.

 	 
	 	By:  	 	 
	 	 	Mark D. Timmerman, Secretary, General Counsel 	 
	 	 	 	 
	 	EMPLOYEE:

 	 
	 	 	 
	 	Chris Bauer, President, Chief Executive Officer 	 
	 	 	 	 
	 

9Exhibit 4.48

Exhibit 4.48

CONFIDENTIAL TREATMENT REQUESTED BY NINETOWNS INTERNET TECHNOLOGY GROUP COMPANY LIMITED. THIS
EXHIBIT HAS BEEN REDACTED. REDACTED MATERIAL IS MARKED WITH “*” AND HAS BEEN FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION.

STRATEGIC COOPERATIVE PARTNERSHIP AND FRANCHISE AGREEMENT

Party A’s Contract Number: DL20100404

Beijing Ninetowns Ports Software and Technology Co., Ltd. (hereinafter referred to as “Party A”)
and Beijing Ninetowns Zhi Fang Software Technology Co., Ltd. (hereinafter referred to as “Party B”)
have entered into this agreement with respect to the establishment of a strategic cooperative
partnership relationship between the parties and the engagement of Party B as Party A’s franchisee:

	 	 	 
	Party A:

	 	Beijing Ninetowns Ports Software and Technology Co., Ltd.
	 
	 	 
	Address:

	 	Building No.14, 7th Block, 188 South 4th Ring Road West,
Fengtai District, Beijing
	Zip code:

	 	100070
	Telephone:

	 	010-58056688
	 
	 	 
	Party B:

	 	Beijing Ninetowns Zhi Fang Software Technology Co., Ltd.
	 
	 	 
	Address:

	 	Buiding No. 1, 5th Block, 188 South 4th Ring Road West, Fengtai
District, Beijing
	Zip code:

	 	100070
	Telephone:

	 	010-58056553

I. Franchised Products:

Electronic supervision services (iQS) meet the operational requirements of the General
Administration of Quality Supervision, Inspection and Quarantine of the PRC, achieve online
supervision of enterprises and products filings and clearance, allow users to obtain governmental
supervision items and inspection and quarantine standards from time to time, and ensure that import
and export products meet the governmental inspection and quarantine standards.

In order to enhance Party B’s reputation, and in consideration of the degree of acceptance of
software sales companies by import/export enterprises in Party B’s franchised area, Party A hereby
authorizes Party B to use the Ninetowns trade name in its company name.

II. Franchised Area:

Jiangsu, Anhui, Shanghai, Fujian, Jiangxi and Shandong.

 

 

 

III. Term of Franchise:

From April 1, 2010 to December 31, 2010.

IV. Recommended Distribution Price:

The standard annual service fee of the iQS is RMB3,600 per year. Party B may charge a different
price according to market competition.

V. Obligations of Both Parties:

Obligations of Party A:

	 	1.	 	Party A undertakes that the products that it provides have been authorized by the
General Administration of Quality Supervision, Inspection and Quarantine of the PRC.

	 	2.	 	In order to enhance Party B’s reputation, Party A hereby authorizes Party B to use the
Ninetowns trade name in its company name, provided, however, that Party B shall not use
such trade name to engage in business activities that are not related to the business as
contemplated hereunder.

	 	3.	 	Party A undertakes that during the term of this agreement, it will obtain Party B’s
prior consent before developing other franchisees within the franchised area.

	 	4.	 	Party A shall provide Party B with marketing and training materials in connection with
the franchised products.
	 
	 	5.	 	Party A shall provide Party B with technical support services.
	 
	 	6.	 	Upgrade services.

Obligations of Party B:

	 	1.	 	Party B is responsible for distribution of Party A’s products, after-sale services and
technical support in the franchised area.

	 	2.	 	Party B undertakes that it will provide users with after-sales service and technical
support in accordance with Party A’s service standards and service contents.

	 	3.	 	Party B undertakes that the sales data delivered by Party B to Party A monthly, i.e.
the monthly sales report, will be true and accurate.

 

 

 

VI. Product Settlement Prices:

The settlement prices are as follows:

Party A shall be entitled to receive ********** of the total revenue generated by Party B with
respect to the electronic supervision services (iQS) for the users.

VII. Settlement Schedule:

Both parties agree that they shall settle payable amounts within 30 days after three months
following relevant settlement period. Party B shall deliver a monthly sales report to Party A’s
financial management center by the end of each month.

The form of the monthly sales report is attached hereto.

VIII. Agreement Amendment

If either party hereto requests to amend this agreement, it shall notify the other party in
writing, and the other party shall respond within one week. All amendments of this agreement must
be made in writing by both parties, and such amendments shall be deemed as inseverable parts of
this agreement.

IX. Rights of Both Parties to Terminate this Agreement Unilaterally

If any of the following circumstances occurs, Party A is entitled to terminate this agreement
unilaterally without any liability for breach of contract:

	 	1.	 	Party B fails to comply with relevant state or industrial laws or regulations,
resulting in damages to Party A’s products and goodwill;

	 	2.	 	Party B engages in any form of counterfeit activities with respect to Party A’s
products;

	 	3.	 	Party B fails to provide after-sales service and technical support to product users in
accordance with Party A’s service standards and service contents, which results in
complaints by a large number of users.

If any of the following circumstances occurs, Party B is entitled to terminate this agreement
unilaterally without any liability for breach of contract:

	 	1.	 	Party A develops new franchisees within Party B’s franchised area during the term of
this agreement without Party B’s consent;

	 	2.	 	Party A refuses to provide product-related marketing and training materials or
product-related technical training to Party B.

 

 

 

X. Termination of Agreement

This agreement is automatically terminated upon the occurrence of any of the following
circumstances:

	 	1.	 	Expiration of this agreement;
	 
	 	2.	 	Mutual consent by the parties during the term of this agreement;
	 
	 	3.	 	Failure by the parties to reach an agreement in the event that either party makes a
request to amend this agreement, which makes the further performance of this agreement
impossible.

XI. Renewal of Agreement

The parties shall notify the other party in writing of its intention whether to renew this
agreement at least 30 days prior to the expiration hereof. This agreement may be renewed upon the
parties’ mutual consent. If either party fails to notify the other party prior to expiration, such
party shall be deemed to have agreed on the termination hereof, and the other party shall be
entitled to take any action without assuming any liability for breach of contract.

XII. Force Majeure

A force majeure event means an event that both parties could not foresee when they entered into
this agreement, and the occurrence and consequences of which cannot be prevented or overcome by the
parties.

If it is impossible for either party to perform this agreement due to a force majeure event, it
shall promptly notify the other party of the reasons why it is impossible to perform this agreement
or it needs to delay its performance or perform part of this agreement, and it shall provide
legally valid supporting documents. Through consultation by both parties, the parties may approve a
delay of the performance, a partial performance or a waiver of performance, and part or all of the
liabilities for breach of contract may be exempted, if agreed by the parties. If a force majeure
event occurs after either party’s delayed performance, such party may not be exempted from all
liabilities for breach of contract.

XIII. Liability for Breach of Contract

	 	1.	 	If the parties can not continue the performance of this agreement due to either party’s
breach, the breaching party shall pay the other party liquidated damages equal to 10% of
all amounts payable during the performance of this agreement.

	 	2.	 	If Party B fails to settle with Party A within the time limit as set forth herein,
Party B shall pay a late penalty to Party A, calculated at the bank lending interest rate
for such overdue period. The calculation shall be made according to the amount of the late
payment and related period.

 

 

 

XIV. Dispute Resolution

Any dispute arising from this agreement shall be first settled through friendly negotiation. If
the parties fail to reach an agreement after negotiation, either party may bring a lawsuit to
Beijing Fengtai District People’s Court to settle such dispute by litigation.

XV. Matters not covered by this agreement shall be settled through consultation by both parties and
confirmed by a written agreement by the parties attached hereto. Such attachments shall be an
inseverable part of this agreement and have the same force and effect as this agreement.

This agreement shall be executed in four counterparts. Either party shall hold two counterparts
with each counterpart having the same force and effect. This agreement shall take effect upon the
parties’ execution with their corporate seals affixed to this agreement.

 

 

 

(Signature Page)

Party A:

Beijing Ninetowns Ports Software and Technology Co., Ltd.

[Seal]

Date: April 1, 2010

Party B:

Beijing Ninetowns Zhi Fang Software Technology Co., Ltd.

[Seal]

Date: April 1, 2010

 

 

 

                    Monthly Sales Report

	 	 	 	 	 	 	 
	 	 	 	 	Number of	 	Amount of
	Products Name	 	Service Fee	 	Distribution	 	Distribution
	Electronic Supervision
Services (iQS)
	 	Service fee per year	 	 	 	 
	 
	 	Service fee per list	 	 	 	 
	 
	 	Service fee per time	 	 	 	 
	 
	 	Total	 	 	 	 

Name of Enterprise: Beijing Ninetowns Zhi Fang Software Technology Co., Ltd.

Contact Person: Boxin Wu

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}]]