Document:

EXHIBIT
4.14

	
 

	
VARIATION TO SHARE SALE AGREEMENT

	
 

	
INTERNATIONAL RESOURCE MANAGEMENT
 CORPORATION LIMITED 

	 

	
 

	
BLADE ENERGY PTY LIMITED

	
IDFK INTERNATIONAL MANAGEMENT INC

	
MELIOR PTY LIMITED

	
SADAT NADERI

	
TERRI BIRGITTA ZADKO

AUSTRAL PACIFIC ENERGY (NZ) LIMITED

	

	

	
 

	
Barristers
 & Solicitors

	
Auckland
 & Wellington, New Zealand

	
www.simpsongrierson.com

	
 

	
 

	
AGREEMENT DATED

	
2007

PARTIES

	
 

	
 

	
1.

	
BLADE ENERGY PTY LIMITED a
 duly incorporated company having its registered office at 12 Cessna
 Drive, Jandakot, Perth 6164, Australia on behalf of the Christina Trust

	
 

	
 

	
 

	
IDFK INTERNATIONAL MANAGEMENT INC a
 duly incorporated company having its registered office at Level 20, Menara
 Standard Chartered, 30 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia on
 behalf of the Gryphon Trust

	
 

	
 

	
 

	
MELIOR PTY LIMITED
 a duly incorporated company having its registered office at 10 Glen Iris
 Drive, Jandakot, Perth 6164, Australia on behalf of W F and H Shire Family
 Trust

	
 

	
 

	
 

	
SADAT NADERI of
 London, England

	
 

	
 

	
 

	
TERRI BIRGITTA ZADKO
 of Perth, Australia on behalf of the Nighthawk Trust

	
 

	
 

	
 

	
(together Vendors
 and each a Vendor)

	
 

	
 

	
2.

	
AUSTRAL PACIFIC ENERGY (NZ) LIMITED
 a duly incorporated company having its registered office at Level 3, 40
 Johnson Street, Wellington or nominee (Purchaser)

BACKGROUND

	
 

	
 

	
A.

	
The Vendors
 and the Purchaser are parties to a Share Sale Agreement (Share Sale Agreement) dated
 6 August 2007 whereby the Vendors agreed to sell and the Purchaser agreed to
 purchase all of the shares in International Resource Management Corporation
 Limited

	
 

	
 

	
B.

	
The Vendors
 and the Purchaser have now agreed to vary the terms of the Share Sale
 Agreement to clarify their intentions regarding the treatment of certain
 shareholder loans outstanding between the Vendors and International Resource
 Management Corporation Limited.

THE PARTIES AGREE
THAT:

	
 

	
 

	
1.

	
DEFINITIONS 

	
 

	
 

	 

	
 

	
 

	
1.1

	
Definitions: In
 this Variation Agreement, terms which are defined in the Share Sale Agreement
 have the same meaning as given to those terms in the Share Sale Agreement.

	
 

	
 

	
2.

	
SHAREHOLDER LOANS

	
 

	
 

	 

	
 

	
 

	
2.1

	
Existence of Shareholder Loans:
 The Vendors and the Purchaser acknowledge that:

	
 

	
 

	
 

	
 

	
(a)

	
as at 31
 July 2007 the sum of $2,823,335 is owing by the Company to
 the Vendors, reflecting shareholder loans that have been made to the Company
 prior to that date (Shareholder Loans);

	
 

	
 

	
 

	
 

	
(b)

	
the purchase
 price of NZ$7,000,000 was agreed on the basis that there would be no
 outstanding loans to the Vendors as at Closing;

	
 

	
 

	
 

	
 

	
(c)

	
to achieve
 this intent, the Vendors will, on settlement, assign their interest in the
 Shareholder Loans to the Purchaser, so that the loans will be repayable to
 the Purchaser following Closing; and.

	
 

	
 

	
 

	
 

	
(d)

	
the existence of the Shareholder Loans does not constitute a breach
 of any of the Warranties.

	
 

	
 

	
2.2

	
Definition: Clause
 1.1 of the Share Sale Agreement is hereby amended by adding the following
 definition:

	
 

	
 

	
 

	
“Shareholder Loans means
 those amounts advanced to the Company by the Vendors as shareholder loans
 which remain outstanding as at Closing, and which at 31 July 2007 totalled an
 amount of $2,823,335;”

	
 

	
 

	
2.3

	
Sale and Purchase: Clause
 2.1 Clause 2.1 of the Share Sale Agreement is hereby amended to read as
 follows:

	
 

	
 

	
 

	
 

	
“2.1

	
Sale and Purchase: The
 Vendors agree to sell and transfer to the Purchaser, and the Purchaser agrees
 to purchase and take a transfer of, the Shares on the terms and conditions in
 this agreement. The Vendors agree to assign the Shareholder Loans to the
 Purchaser, and the Purchaser agrees to accept an assignment of the
 Shareholder Loans on the terms and conditions in this agreement.”

	
 

	
 

	
 

	
2.4

	
Purchase price: Clause
 3.1 of the Share Sale Agreement is hereby amended to read as follows:

	
 

	
 

	
 

	
 

	
“3.1

	
Purchase price: The
 price payable by the Purchaser to the Vendors for the Shares (and the
 assignment of the Vendors’ interest in the Shareholder Loans) will be the
 Purchase Price. The Purchase Price is allocated as follows:

	
 

	
 

	
 

	
 

	
(a)

	
As to
 $2,823,335 for the assignment of the Shareholder Loans; and

	
 

	
 

	
 

	
 

	
(b)

	
As to the
 balance of $4,176,665 for the Shares.”

	
 

	
 

	
 

	
2.5

	
Pre-Closing: Clause
 4.2 Share Sale Agreement is hereby amended by the addition of a new
 sub-clause (ba) immediately after sub-clause (b), which reads as follows:

	
 

	
 

	
 

	
 

	
“(ba)

	
Shareholder Loans: there
 will be no increase in the amount of the Shareholder Loans (above the amount
 of $2,823,335 provided for in the Accounts as at 31 July 2007) unless such
 increase is agreed in advance by the Purchaser;”

	
 

	
 

	
2.6

	
Closing: Clause
 5.2 Share Sale Agreement is hereby amended by the addition of a new
 sub-clause (da) immediately after sub-clause (d), which reads as follows:

	
 

	
 

	
 

	
 

	
“(da)

	
Assignment of Shareholder Loans: a
 Deed of Assignment (in a form approved by the Purchaser), signed by the
 Vendors, assigning all of their rights and interest in the Shareholder Loans
 to the Purchaser with effect from Closing.”

	
 

	
 

	
 

	
3.

	
FUNDING OF CASH CALLS

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
3.1

	
Apportionment of Revenue and Expenses:
 

	
 

	
 

	
 

	
 

	
(a)

	
Clause 4.3
 of the Share Sale Agreement records the allocation of revenue and expenses
 between the Purchaser and the Vendors during the period prior to, and after
 Closing. Under clause 4.3(b)(iii) the Purchaser willbe responsible for any cash calls made in
 respect of the Cardiff JVOA which are due for payment on or after 1 January
 2007.

	
 

	
 

	
 

	
 

	
(b)

	
The Vendors acknowledge that the Purchaser has made available to the
 Company funds which have enabled the Company to meet certain cash calls since
 1 January 2007 (such advances totaling $300,231 as at the date of this Variation Agreement). 

	
 

	
 

	
 

	
 

	
(c)

	
The Vendors and Purchaser record their understanding that such funds
 (together with any further funds made available for a similar purpose prior
 to Closing) (Funding Advances) have been made available as a loan to the
 Company by the Purchaser, and will be recorded as such in the Company’s
 accounts.

	
 

	
 

	
 

	
 

	
(d)

	
The Purchaser agrees and acknowledges that the existence of the
 Funding Advances does not constitute a breach of any of the Warranties.

	
 

	
 

	
 

	
4.

	
MISCELLANEOUS AMENDMENT

	
 

	
 

	
 

	 

	
 

	
 

	
4.1

	
Taxation Warranty Claim Limitations:
 Clause 7.6 of the Share Sale Agreement is hereby amended so that the
 reference to “the income tax return for the year ending 31 July 2007” is
 replaced with the reference to “the income tax return for the year ending
 31 December 2007”.

SIGNATURES

SIGNED
by AUSTRAL
PACIFIC ENERGY

(NZ) LIMITED as
Purchaser by:

	
 

	
 

	
 

	 

	
 

	 

	
Full name of
 director/authorised signatory

	
 

	
Signature of
 director/authorised signatory

	
 

	
 

	
 

	 

	
 

	 

	
Full name of
 director/authorised signatory

	
 

	
Signature of
 director/authorised signatory

	
 

	
 

	
 

	
Witness:

	
 

	
 

	
(if other
 than two directors sign)

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Signature of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Full name of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Occupation
 of witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Address of
 witness

	
 

	
 

	
 

	
 

	
 

	
SIGNED by BLADE
 ENERGY LIMITED as 
a Vendor by its duly authorised attorney 
DEREK
 MICHAEL WILSHEE:

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Signature

	
 

	
 

	
 

	
 

	
 

	
Witness:

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Signature of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Full name of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Occupation
 of witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Address of
 witness

	
 

	
 

	
 

	
 

	
 

	
SIGNED by IDFK
 INTERNATIONAL MANAGEMENT INC as a Vendor by its 
duly authorised
 attorney DEREK MICHAEL 
WILSHEE:

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Signature

	
 

	
 

	
 

	
 

	
 

	
Witness:

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Signature of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Full name of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Occupation
 of witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Address of
 witness

	
 

	
 

	
 

	
 

	
 

	
SIGNED by MELIOR PTY
 LIMITED as a 
Vendor by its duly authorised attorney, 
JAMES
 ROBERT ZADKO:

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Signature

	
 

	
 

	
 

	
 

	
 

	
Witness:

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Signature of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Full name of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Occupation
 of witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Address of
 witness

	
 

	
 

	
 

	
 

	
 

	
SIGNED by SADAT
 NADERI as a Vendor 
by his duly authorised attorney DEREK
 
MICHAEL WILSHEE in the presence of:

	
 

	 

	
 

	
 

	
 

	
Witness:

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Signature of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Full name of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Occupation
 of witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Address of
 witness

	
 

	
 

	
 

	
 

	
 

	
SIGNED by TERRI
 BIRGITTA ZADKO as 
a Vendor by her duly authorised attorney 
JAMES
 ROBERT ZADKO in the 
presence of:

	
 

	 

	
 

	
 

	
 

	
Witness:

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Signature of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Full name of
 witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Occupation
 of witness

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Address of
 witness

	
 

	
 

CERTIFICATE OF NON-REVOCATION OF POWER OF
ATTORNEY

I, JAMES ROBERT ZADKO of Perth Australia,
Chairman hereby certify:

	
 

	
 

	
1.

	
THAT by a deed dated 8 December 2006 MELIOR PTY LIMITED of Perth, Australia (Company) appointed
me its attorney on
  the terms and subject to the conditions set out in that deed (Deed).

	
 

	
 

	
2.

	
THAT as at the date of this certificate, I
  have not received any notice or information of the revocation of this
  appointment by the liquidation, winding up or dissolution of the Company, or
  otherwise.

	
 

	
 

	
3.

	
THAT the documents to which this certificate
  is attached are authorised and contemplated by the Deed.

	
 

	
 

	
 

	
Date:

	
31/08/2007 

	
 

	
 

	
 

	
 

	 

	 

	
 

	
 

	
 James Robert Zadko

	
 

CERTIFICATE OF NON-REVOCATION OF POWER OF
ATTORNEY

I, JAMES ROBERT ZADKO of Perth Australia,
Chairman hereby certify:

	
 

	
 

	
1.

	
THAT by a deed dated 8 December 2006 TERRI BIRGETTA ZADKO of Perth, Australia (Grantor)
appointed me her attorney on
  the terms and subject to the conditions set out in that deed (Deed).

	
 

	
 

	
2.

	
THAT as at the date of this certificate, I
  have not received any notice or information of the revocation of this
  appointment by the death of the Grantor or otherwise.

	
 

	
 

	
3.

	
THAT the documents to which this certificate
  is attached are authorised and contemplated by the Deed.

	
 

	
 

	
 

	
Date:

	
 31/08/2007 

	
 

	
 

	
 

	
 

	 

	 

	
 

	
 

	
 James Robert Zadko

	
 

CERTIFICATE OF NON-REVOCATION OF POWER OF
ATTORNEY

I, DEREK MICHAEL WILLSHEE of Perth Australia,
Chief Executive hereby certify:

	
 

	
 

	
1.

	
THAT by a deed dated 8 December 2006 BLADE ENERGY PTY LIMITED of Perth,
  Australia (Company) appointed me
  its attorney on the terms and subject to the conditions set out in that deed (Deed).

	
 

	
 

	
2.

	
THAT as at the date of this certificate, I
  have not received any notice or information of the revocation of this appointment
  by the liquidation, winding up or dissolution of the Company, or otherwise.

	
 

	
 

	
3.

	
THAT the documents to which this certificate
  is attached are authorised and contemplated by the Deed.

	
 

	
 

	
 

	
Date:

	
 31/08/2007 

	
 

	
 

	
 

	
 

	 

	 

	
 

	
 

	
Derek
  Michael Willshee

	
 

CERTIFICATE OF NON-REVOCATION OF POWER OF
ATTORNEY

I, DEREK MICHAEL WILLSHEE
of Perth Australia, Chief Executive hereby certify:

	
 

	
 

	
1.

	
THAT by a deed dated 8 December 2006 IDFK INTERNATIONAL MANAGEMENT INC of
Kuala Lumpur, Malaysia (Company)
appointed me its attorney on the terms and subject to the conditions set out
in that deed (Deed). 

	
 

	
 

	
2.

	
THAT as at the date of this certificate, I
  have not received any notice or information of the revocation of this
  appointment by the liquidation, winding up or dissolution of the Company, or
  otherwise.

	
 

	
 

	
3.

	
THAT the documents to which this certificate
  is attached are authorised and contemplated by the Deed.

Date:
31/08/2007

	
 

	
 

	 

	
  Derek Michael Willshee

CERTIFICATE OF NON-REVOCATION OF POWER OF
ATTORNEY

I, DEREK MICHAEL WILLSHEE
of Perth Australia, Chief Executive hereby certify:

	
 

	
 

	
1.

	
THAT by a deed dated 8 December 2006 SADAT NADERI of London, England (Grantor)
appointed me his attorney on the terms and subject to the conditions set out
in that deed (Deed). 

	
 

	
 

	
2.

	
THAT as at the date of this certificate, I
  have not received any notice or information of the revocation of this
  appointment by the death of the Grantor or otherwise

	
 

	
 

	
3.

	
THAT the documents to which this certificate
  is attached are authorised and contemplated by the Deed.

Date:
31/08/2007

	
 

	
 

	 

	
Derek Michael WillsheeEX-4.5 Loan Agreements

Exhibit 4.5

LOAN AGREEMENT

This Loan Agreement (hereinafter referred to as “Agreement”) is made and entered into as of
September 11, 2007 by and between the following parties:

			
	Party A:	 	Qianjin Network Information Technology (Shanghai) Company Limited; and

			
	Party B:	 	JIN Weimin

Nationality: China

ID No.:

Address: No. 2-25, Tuan Jie Building, Shang Jian Road, Xian

(hereinafter referred to as to a “Party” individually, and the “Parties” collectively)

WHEREAS:

	1.	 	Party A is an enterprise incorporated in the People’s Republic of China (the “PRC”); and
	 
	2.	 	Party A agrees to provide a loan to Party B with the funds invested as capital contribution
into Beijing Run An Information Consultancy Company Limited (the “Run An”).

NOW THEREFORE, Party A and Party B hereby agree to enter into this Agreement under the following
terms and conditions and to perform this Agreement according to such terms and conditions:

Article 1 Loan

	1.1	 	Party A agrees to provide a loan to Party B with an aggregate principal amount of
RMB3,000,000.
	 
	1.2	 	Party B agrees that the total amount of the loan is invested as capital contribution into Run
An. Unless Party A’s prior written consent is obtained, Party B shall not use the
aforementioned loan for any other purpose.
	 
	1.3	 	Both Parties hereby agree and confirm that, except as otherwise provided for herein, the loan
under this Agreement is interest-free. However, if, at the time the loan is due and Party B
needs to transfer his equity interests in Run An to Party A or its designated persons, the
actual transfer price is higher than the loan principal due to legal requirements or other
reasons, the amount in excess of the loan principal, to the extent permitted by law, shall be
deemed as interests or capital utilization cost, which shall be repaid to Party A together
with the loan principal.
	 
	1.4	 	Both parties hereby agree and confirm that Party B may repay the loan only in the following
manner: if permitted by PRC laws, Party B or its successor or assign shall transfer the equity
interests in the Company to Party A or its designated persons and use the proceeds from such
transfer to repay the loan, when the loan is due and Party A gives a written notice.
	 
	1.5	 	Both parties hereby agree and confirm that Party B shall be deemed to have fully performed
his obligations under this Agreement only if the following requirements are met:

	 	1.5.1	 	Party B has transferred all his equity interests in the Company to Party A
and/or its designated persons; and,
	 
	 	1.5.2	 	Party B has paid the total proceeds from such transfer or the maximum amount (including
principal and the highest loan interest permitted under then
applicable law) allowed by applicable law as repayment of the loan to Party A.

1

 

Article 2 Term

	2.1	 	The term of the loan starts from the date when Party B has received the loan until ten (10)
years after the execution of this Agreement and may be extended upon written agreement of the
Parties hereto.
	 
	2.2	 	During the term of the loan or any extension thereof, Party A may notify Party B in writing
that the loan under this Agreement is due and payable immediately and request Party B to repay
the loan in the manner specified herein, if any of the following events occurs:

	 	2.2.1	 	Party B resigns from or is dismissed by Party A or its affiliates;
	 
	 	2.2.2	 	Party B dies or becomes a person without capacity or with limited capacity
for civil acts;
	 
	 	2.2.3	 	Party B commits a crime or is involved in a crime; or
	 
	 	2.2.4	 	Any other third party claims more than RMB500,000 against Party B.

Article 3 Representations and Warranties

	3.1	 	Party A hereby represents and warrants to Party B that, as of the execution date of this
Agreement:

	 	3.1.1	 	Party A is a wholly foreign-owned enterprise incorporated and validly
existing under the laws of PRC;
	 
	 	3.1.2	 	Party A has the right to execute and perform this Agreement. The execution
and performance of this Agreement by Party A comply with its business scope, articles
of association and other organizational documents. Party A has obtained all necessary
and appropriate approvals and authorizations for the execution and performance of
this Agreement;
	 
	 	3.1.3	 	The principal of the loan to Party B is legally owned by Party A;
	 
	 	3.1.4	 	The execution and performance of this Agreement by Party A do not violate
any laws, regulations, approvals, authorizations, notices, other governmental
documents to which Party A is subject, any agreement signed by it with any third
party or any undertaking made by it to any third party; and
	 
	 	3.1.5	 	When executed by the Parties hereto, this Agreement shall constitute the
legal, valid and binding obligations of Party A.

	3.2	 	Party B hereby represents and warrants to Party A that, from the execution date of this
Agreement until this Agreement terminates:

	 	3.1.1	 	Run An is a company incorporated and validly existing under the laws of
PRC;
	 
	 	3.1.2	 	Party B has the right to execute and perform this Agreement. The execution
and performance of this Agreement by Party B comply with its business scope, articles
of association and other organizational documents. Party B has obtained all necessary
and appropriate approvals and authorizations for the execution and performance of
this Agreement;
	 
	 	3.1.3	 	The execution and the performance of this Agreement by Party B do not
violate any laws, regulations, approvals, authorizations, notices, other governmental
documents to which Party B is subject, any agreement signed by Party B with any third
party or any undertaking made by Party B to any third party;
	 
	 	3.1.4	 	When executed by the parties hereto, this Agreement shall constitute the
legal, valid and binding obligations of Party B;
	 
	 	3.1.5	 	Party B has paid contribution in full for its equity interests in Run An
in accordance with applicable laws and regulations;

2

 

	 	3.1.6	 	There are no pending or threatened disputes, litigation, arbitration or
other administrative proceedings or other legal proceedings in connection with the
equity interests of the Company held by Party B; and
	 
	 	3.1.7	 	Run An has completed all necessary governmental approval, license,
registration and filing.

Article 4 Disputes

	4.1	 	Both parties shall strive to settle any dispute, conflict, or claim arising from the
interpretation or performance (including any issue relating to the existence, validity and
termination of this Agreement) in connection with this Agreement through friendly
consultation. In case no settlement can be reached within thirty (30) day after one party
requests for the settlement, each party may submit such dispute to China International
Economic and Trade Arbitration Commission (the “CIETAC”) for arbitration in accordance with
its rules. The arbitration award shall be final and binding upon the parties.
	 
	4.2	 	The seat of the arbitration shall be Shanghai.
	 
	4.3	 	The language for the arbitration proceedings shall be Chinese.

Article 5 Miscellaneous

	5.1	 	This agreement shall inure to the benefit of and be binding upon the parties hereto and their
respective successors and assignees. Without prior written approval of Party A, Party B can
not assign, pledge or otherwise transfer any right, benefit or obligation under this
agreement.
	 
	5.2	 	Party B agrees that Party A can assign its rights and duties under this Agreement to a third
party when it thinks necessary, in which case Party A only needs to give a written notice to
Party B and no further consent of Party B is required.
	 
	5.3	 	The execution, validity, interpretation, performance, amendment, termination and resolution
of disputes in connection with this Agreement shall be governed by the laws of the PRC.
	 
	5.4	 	This Agreement shall be formed on the date of execution. And both parties hereto agree that
the terms and conditions of this Agreement shall be effective as of the date on which Party B
has obtained the loan and shall expire when both parties have fully performed their
obligations under this Agreement.
	 
	5.5	 	Party B cannot terminate or revoke this Agreement unless (a) Party A commits a gross
negligence, fraud or other material illegal acts; or (b) Party A goes bankrupt.
	 
	5.6	 	This Agreement may not be amended or modified except with a written agreement reached by both
parties. In case of anything not covered herein, both parties may sign a written supplementary
agreement. Any amendment, modification, supplement or annex to this Agreement shall form an
integral part of this Agreement.
	 
	5.7	 	This Agreement constitutes the entire agreement of the parties hereto with respect to the
subject matters hereof and supersedes all prior verbal discussions or written agreements
between the parties with respect to subject matters hereof.
	 
	5.8	 	This Agreement is severable. If any clause of this Agreement is held to be invalid or
unenforceable, such invalidity or unenforceability shall have no effect on the validity or
enforceability of the remainder of this Agreement.
	 
	5.9	 	Each party should protect the confidentiality of the information concerning the other party’s
business, operation, financial situation or other confidential information obtained under this
Agreement or during the performance of this Agreement.
	 
	5.10	 	This Agreement shall be executed in two originals, with each party holding one original. All
originals shall have the same legal effect.

3

 

IN WITNESS WHEREOF, each party has caused this Agreement to be executed by himself, its legal
representative or its duly authorized representative as of the date first written above.

Party A: Qianjin Network Information Technology (Shanghai) Company Limited

[Company Seal of Qianjin Network Information Technology (Shanghai) Company Limited]

Signature: ______________________________

Authorized Representative:

Title:

Party B: JIN Weimin

Signature: /s/ JIN Weimin                                  

4

 

LOAN AGREEMENT

This Loan Agreement (hereinafter referred to as “Agreement”) is made and entered into as of
September 11, 2007 by and between the following parties:

			
	Party A:	 	Qianjin Network Information Technology (Shanghai) Company Limited; and

			
	Party B:	 	WANG Tao

Nationality: China

ID No.:

Address: No. 6, Deng Lai Hutong, Xuanwu District, Beijing

(hereinafter referred to as to a “Party” individually, and the “Parties” collectively)

WHEREAS:

	3.	 	Party A is an enterprise incorporated in the People’s Republic of China (the “PRC”); and
	 
	4.	 	Party A agrees to provide a loan to Party B with the funds invested as capital contribution
into Beijing Run An Information Consultancy Company Limited (the “Run An”).

NOW THEREFORE, Party A and Party B hereby agree to enter into this Agreement under the following
terms and conditions and to perform this Agreement according to such terms and conditions:

Article 1 Loan

	1.1	 	Party A agrees to provide a loan to Party B with an aggregate principal amount of
RMB3,000,000.
	 
	1.2	 	Party B agrees that the total amount of the loan is invested as capital contribution into Run
An. Unless Party A’s prior written consent is obtained, Party B shall not use the
aforementioned loan for any other purpose.
	 
	1.3	 	Both Parties hereby agree and confirm that, except as otherwise provided for herein, the loan
under this Agreement is interest-free. However, if, at the time the loan is due and Party B
needs to transfer his equity interests in Run An to Party A or its designated persons, the
actual transfer price is higher than the loan principal due to legal requirements or other
reasons, the amount in excess of the loan principal, to the extent permitted by law, shall be
deemed as interests or capital utilization cost, which shall be repaid to Party A together
with the loan principal.
	 
	1.4	 	Both parties hereby agree and confirm that Party B may repay the loan only in the following
manner: if permitted by PRC laws, Party B or its successor or assign shall transfer the equity
interests in the Company to Party A or its designated persons and use the proceeds from such
transfer to repay the loan, when the loan is due and Party A gives a written notice.
	 
	1.5	 	Both parties hereby agree and confirm that Party B shall be deemed to have fully performed
his obligations under this Agreement only if the following requirements are met:

	 	1.5.1	 	Party B has transferred all his equity interests in the Company to Party A
and/or its designated persons; and,
	 
	 	1.5.2	 	Party B has paid the total proceeds from such transfer or the maximum
amount (including principal and the highest loan interest permitted under then
applicable law) allowed by applicable law as repayment of the loan to Party A.

1

 

Article 2 Term

	2.1	 	The term of the loan starts from the date when Party B has received the loan until ten (10)
years after the execution of this Agreement and may be extended upon written agreement of the
Parties hereto.
	 
	2.2	 	During the term of the loan or any extension thereof, Party A may notify Party B in writing
that the loan under this Agreement is due and payable immediately and request Party B to repay
the loan in the manner specified herein, if any of the following events occurs:

	 	2.2.1	 	Party B resigns from or is dismissed by Party A or its affiliates;
	 
	 	2.2.2	 	Party B dies or becomes a person without capacity or with limited capacity
for civil acts;
	 
	 	2.2.3	 	Party B commits a crime or is involved in a crime; or
	 
	 	2.2.4	 	Any other third party claims more than RMB500,000 against Party B.

Article 3 Representations and Warranties

	3.1	 	Party A hereby represents and warrants to Party B that, as of the execution date of this
Agreement:

	 	3.1.1	 	Party A is a wholly foreign-owned enterprise incorporated and validly
existing under the laws of PRC;
	 
	 	3.1.2	 	Party A has the right to execute and perform this Agreement. The execution
and performance of this Agreement by Party A comply with its business scope, articles
of association and other organizational documents. Party A has obtained all necessary
and appropriate approvals and authorizations for the execution and performance of
this Agreement;
	 
	 	3.1.3	 	The principal of the loan to Party B is legally owned by Party A;
	 
	 	3.1.4	 	The execution and performance of this Agreement by Party A do not violate
any laws, regulations, approvals, authorizations, notices, other governmental
documents to which Party A is subject, any agreement signed by it with any third
party or any undertaking made by it to any third party; and
	 
	 	3.1.5	 	When executed by the Parties hereto, this Agreement shall constitute the
legal, valid and binding obligations of Party A.

	3.2	 	Party B hereby represents and warrants to Party A that, from the execution date of this
Agreement until this Agreement terminates:

	 	3.1.1	 	Run An is a company incorporated and validly existing under the laws of
PRC;
	 
	 	3.1.2	 	Party B has the right to execute and perform this Agreement. The execution
and performance of this Agreement by Party B comply with its business scope, articles
of association and other organizational documents. Party B has obtained all necessary
and appropriate approvals and authorizations for the execution and performance of
this Agreement;
	 
	 	3.1.3	 	The execution and the performance of this Agreement by Party B do not
violate any laws, regulations, approvals, authorizations, notices, other governmental
documents to which Party B is subject, any agreement signed by Party B with any third
party or any undertaking made by Party B to any third party;
	 
	 	3.1.4	 	When executed by the parties hereto, this Agreement shall constitute the
legal, valid and binding obligations of Party B;
	 
	 	3.1.5	 	Party B has paid contribution in full for its equity interests in Run An
in accordance with applicable laws and regulations;

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	 	3.1.6	 	There are no pending or threatened disputes, litigation, arbitration or
other administrative proceedings or other legal proceedings in connection with the
equity interests of the Company held by Party B; and
	 
	 	3.1.7	 	Run An has completed all necessary governmental approval, license,
registration and filing.

Article 4 Disputes

	4.1	 	Both parties shall strive to settle any dispute, conflict, or claim arising from the
interpretation or performance (including any issue relating to the existence, validity and
termination of this Agreement) in connection with this Agreement through friendly
consultation. In case no settlement can be reached within thirty (30) day after one party
requests for the settlement, each party may submit such dispute to China International
Economic and Trade Arbitration Commission (the “CIETAC”) for arbitration in accordance with
its rules. The arbitration award shall be final and binding upon the parties.
	 
	4.2	 	The seat of the arbitration shall be Shanghai.
	 
	4.3	 	The language for the arbitration proceedings shall be Chinese.

Article 5 Miscellaneous

	5.1	 	This agreement shall inure to the benefit of and be binding upon the parties hereto and their
respective successors and assignees. Without prior written approval of Party A, Party B can
not assign, pledge or otherwise transfer any right, benefit or obligation under this
agreement.
	 
	5.2	 	Party B agrees that Party A can assign its rights and duties under this Agreement to a third
party when it thinks necessary, in which case Party A only needs to give a written notice to
Party B and no further consent of Party B is required.
	 
	5.3	 	The execution, validity, interpretation, performance, amendment, termination and resolution
of disputes in connection with this Agreement shall be governed by the laws of the PRC.
	 
	5.4	 	This Agreement shall be formed on the date of execution. And both parties hereto agree that
the terms and conditions of this Agreement shall be effective as of the date on which Party B
has obtained the loan and shall expire when both parties have fully performed their
obligations under this Agreement.
	 
	5.5	 	Party B cannot terminate or revoke this Agreement unless (a) Party A commits a gross
negligence, fraud or other material illegal acts; or (b) Party A goes bankrupt.
	 
	5.6	 	This Agreement may not be amended or modified except with a written agreement reached by both
parties. In case of anything not covered herein, both parties may sign a written supplementary
agreement. Any amendment, modification, supplement or annex to this Agreement shall form an
integral part of this Agreement.
	 
	5.7	 	This Agreement constitutes the entire agreement of the parties hereto with respect to the
subject matters hereof and supersedes all prior verbal discussions or written agreements
between the parties with respect to subject matters hereof.
	 
	5.8	 	This Agreement is severable. If any clause of this Agreement is held to be invalid or
unenforceable, such invalidity or unenforceability shall have no effect on the validity or
enforceability of the remainder of this Agreement.
	 
	5.9	 	Each party should protect the confidentiality of the information concerning the other party’s
business, operation, financial situation or other confidential information obtained under this
Agreement or during the performance of this Agreement.

	5.10	 	This Agreement shall be executed in two originals, with each party holding one original. All
originals shall have the same legal effect.

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IN WITNESS WHEREOF, each party has caused this Agreement to be executed by himself, its legal
representative or its duly authorized representative as of the date first written above.

Party A: Qianjin Network Information Technology (Shanghai) Company Limited

[Company Seal of Qianjin Network Information Technology (Shanghai) Company Limited]

Signature: ______________________________

Authorized Representative:

Title:

Party B: WANG Tao

Signature: /s/ WANG Tao                                  

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