Document:

Exhibit 10.11

 

Business Operation Agreement

 

This Business Operation Agreement (Agreement), dated as of December 7, 2011, is made in Beijing by and among the following parties:

 

Party A: Lanting Jishi Trade (Shenzhen) Co., Ltd.

Address: 35F (D, E), Fortune Building, Futian Central District, Shenzhen
  Legal Representative:  Xin Wen

 

Party B: Beijing Lanting Gaochuang Technologies Co., Ltd.

Address: No. 106 Building, Lize Zhongyuan, Chaoyang District, Beijing

Legal Representative: Ping Zhou

 

Party C: Shenzhen Lanting Huitong Technologies Co., Ltd.
  Address: 35F (B, C), Fortune Building, Futian Central District, Shenzhen

Legal Representative: Xin Wen

 

Party D: Quji Guo
  ID Card No.: 510105197509100012 
  Address: Room 201, Unit 1, Building 18, Huaqingjiayuan, Wudaokou, Haidian District, Beijing

 

(Individually a Party and collectively the Parties)

 

Whereas:

 

A.                                   Party A is a wholly foreign-owned enterprise registered in the People’s Republic of China (PRC);

 

B.                                     Party B is a limited liability company registered in the PRC engaging in software development, computer system development and economic and trade consulting services;

 

C.                                     Party A and Party B have established business cooperation ties through the entry into that certain  Exclusive Technical and Consulting Service Agreement, pursuant to which Party B shall pay Party A a certain percentage of its gross operating income derived from its principal business for the exclusive technical and consulting services received by it from Party A. Therefore, Party B’s day-to-day operations will have a material effect on its ability to make such payment to Party A.

 

D.                                    Party C and Party D are Party B’s shareholders (Shareholders), holding 49% and 51% of Party B’s equity interest, respectively.

 

Now, therefore, the Parties, through friendly consultations and based on the principle of equality and mutual benefit, hereby agree as follows:

 

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1.                            Negative Obligations

 

In order to guarantee the performance by Party B of the agreement entered into by and between Party A and Party B and all of Party B’s obligations to Party A, Party B and its Shareholders hereby jointly acknowledge and agree that without prior written consent of Party A or its designee, Party B shall not engage in any transaction which may have a material effect on its assets, obligations, rights or business operations, including without limitation:

 

1.1                                 Any adoption of or modification to any business plan or budget;

 

1.2                                 Any undertaking of any business or entry into any transaction outside its normal business scope or beyond or in violation of Party B’s business plan or budget;

 

1.3                                 Any entry into any loan or other debtor-creditor relationship with any third party or the making of any equity investment in any third party;

 

1.4                                 Any distribution of any profit, or any payment of any other amount, to the Shareholders;

 

1.5                                 Any appointment or removal of any director, supervisor or executive officer;

 

1.6                                 Any approval of or amendment to any share option plan or any arrangement in connection with Party B’s equity;

 

1.7                                 Any sale or purchase of any asset or right from any third party;

 

1.8                                 Creation of guarantee or any other security on any of its assets in favor of any third party, or creation of any other obligation on any of its assets;

 

1.9                                 Entry into any transaction with any Shareholder or any of Party B’s directors or executive officers;

 

1.10                           Any amendment to Party B’s articles of association, or any change to its business scope or registered capital, or any issuance of any securities;

 

1.11                           Any division, merger, consolidation, dissolution or liquidation of Party B;

 

1.12                           Any change to Party B’s normal business operations or any amendment to any material management rules or policies;

 

1.13                           Any replacing of its auditor; or

 

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1.14                           Any transfer of any of its rights and obligations hereunder to any third party.

 

2.                            Business Management and Human Resources Arrangement

 

2.1                                 Party B and its Shareholders hereby jointly agree to accept and stringently implement proposals put forward by Party A from time to time with respect to the employment and removal of Party B’s employees, the day-to-day business management and financial management of Party B and the business development of Party B.

 

2.2                                 Party B and its Shareholders hereby jointly agree that the Shareholders shall only appoint Party A’s designees as Party B’s directors and supervisors, and shall remove and replace such directors and supervisors at Party A’s request in accordance with the procedures provided by laws and regulations and the articles of associations of Party B, shall cause such appointed directors to elect Party A’s candidate as Party B’s president and shall remove and replace such president at Party A’s request. Further, Party B shall engage the candidates nominated by Party A to act as its general manager, chief financial officer and other executive officers, and shall remove and replace all of such executive officers at Party A’s request.

 

2.3                                 For the purpose of this Article 2, the Shareholders shall take all necessary steps to appoint, remove, dismiss and replace the aforesaid persons.

 

2.4                                 The Shareholders hereby agree to execute the power of attorney in the form as set forth in Appendix 1 hereto simultaneous with the execution of this Agreement. The Shareholders will, under such power of attorney, authorize Party A’s designated persons to exercise their respective shareholder rights as well as all of their voting rights at Party B’s general shareholders’ meeting. Party B’s Shareholders further agree to dismiss and replace the authorized persons appointed under the aforesaid power of attorney upon Party A’s request at any time.

 

3.                                      Other Agreements

 

3.1                                 The Shareholders jointly agree to pay or transfer to Party A immediately and unconditionally any bonus, dividend or any other income or benefit (in any form) obtained by them from Party B in their capacity as Party B’s Shareholders.

 

3.2                                 The Shareholders severally and jointly undertake and warrant to Party A and Party B that all Shareholders shall act as a concert party with respect to the rights or obligations to be exercised or performed by the Shareholders hereunder.

 

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4.                                      Confidentiality

 

4.1                                 Party B shall protect and maintain the confidentiality of the confidential data and information it obtains from Party A hereunder(Confidential Information), and shall not disclose or transfer any Confidential Information to any third party without Party A’s prior written consent. Upon termination or expiry of this Agreement, Party B shall, at Party A’s request, return or destroy any document, material or software which contains the aforesaid Confidential Information, delete the aforesaid Confidential Information from any memory device and cease to use such Confidential Information. Party B may disclose such Confidential Information only to its employees, agents or professional consultants who need to know such information, provided that it shall cause them to comply with the confidentiality obligations hereunder.

 

4.2                                 Article 4.1 shall not apply to:

 

4.2.1                                 any information that is already known to the public at the time of its disclosure;

 

4.2.2                                 any information that has become known to the public after the disclosure other than as a result of the fault of Party B;

 

4.2.3                                 any information that is proved to have been obtained before the disclosure from any party other than the Parties hereto; or

 

4.2.4                                 any information that is required to be disclosed according to any law or court order or the requirements of any stock exchange or any governmental or regulatory authority, provided that Party B shall, to the extent practicable, provide Party A with the first draft  of such disclosure and incorporate any revision as reasonably required by Party A.

 

4.3                                 The Parties agree that this Article shall survive any amendment, cancellation or termination of this Agreement.

 

5.                                      Entire Agreement and Amendment

 

5.1                                 This Agreement and any other agreements and/or documents contained or expressly included herein constitute the entire agreement in respect of the subject matter hereof and will supersede all prior agreements, contracts, understandings and communications, either written or oral, among the Parties with respect to the same.

 

5.2                                 Any amendment or supplement to this Agreement may be effected only by written instrument executed by each of the Parties. Such duly executed amendment or supplement shall an integral part of this 

 

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Agreement and shall have the same legal force and effect as this Agreement.

 

6.                                      Breach of Agreement

 

6.1                                 If a Party breaches this Agreement or any of its representations and warranties herein, any non-breaching Party may by written notice require such breaching Party to rectify its breach, take appropriate measures to avoid, in an effective and timely manner, any damages to the non-breaching Party and resume the performance of this Agreement, within 10 days after its receipt of the notice.

 

6.2                                 If a Party breaches this Agreement and thereby causes any expense or liabilities or losses (including without limitation loss in profits) to any of the other Parties, the breaching Party shall indemnify such non-breaching Party(ies) for such expenses, liabilities or losses (including without limitation any loss of rights as a result of such breach and any attorney’s fees). The amount of damages shall be equal to the losses incurred as a result of such breach. The damages shall cover all of the rights the non-breaching Party(ies) would have been entitled to had this Agreement been performed, provided that they shall not exceed the reasonable expectations of the Parties.

 

6.3                                 Where all the Parties breach this Agreement, the amount of damages shall be determined according to the severity of each Party’s breach.

 

6.4                                 Notwithstanding any other provision hereof, Party A shall have the right to enforce its rights hereunder, and the other Parties acknowledge and agree that monetary damages may not be sufficient to indemnify Party A for the losses suffered by it as a result of any breach by any of the other Parties of their obligations hereunder.

 

7.                                      Force Majeure

 

7.1                                 If the performance of this Agreement is delayed or impeded by a Force Majeure Event (as defined below), any Party affected by such Force Majeure Event may be exempted from any liabilities hereunder but only to the extent of such delay or impediment. A “Force Majeure Event” means any event which is unforeseeable or is beyond the reasonable control of the affected Party and cannot be prevented despite reasonable care, including without limitation acts of God, war and riot, provided that in no case may a lack of credit, funds or financing be deemed an event beyond the reasonable control of a Party. A Party affected by a Force Majeure Event asserting exemption from any obligations under this Agreement or any of the provisions hereof shall promptly notify the other Parties of the same and shall further advise the other Parties of all the necessary steps to be taken by it in order to resume its performance of such obligations and shall resume 

 

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the performance of its obligations.

 

7.2                                 Provided that a Party affected by a Force Majeure Event has used its reasonable and practicable efforts to perform this Agreement and overcome such Force Majeure Event, such Party shall not be held liable for its failure to perform its obligations hereunder to the extent that such performance of its obligations has been delayed or impeded by such Force Majeure Event. Upon the cessation of a Force Majeure Event, the affected Party shall immediately resume its performance of this Agreement.

 

8.                                      Governing Law and Dispute Resolution

 

8.1                                 The execution, validity, interpretation and performance of this Agreement and the resolution of any disputes arising from this Agreement shall be governed by the laws of the PRC.

 

8.2                                 Should any dispute arise in connection with the interpretation or performance of this Agreement, the Parties shall seek to resolve such dispute through friendly consultations. If such dispute is not so resolved within 30 days after the commencement of consultations, any Party may submit it to the China International Economic and Trade Arbitration Commission in Beijing for arbitration in accordance with its then effective arbitration rules. The arbitral award shall be final and binding on the Parties. This article shall survive the expiry or termination of this Agreement.

 

8.3                                 During the arbitration, the Parties shall continue to perform any provisions which are not related to the matter under arbitration.

 

9.                                      Notices

 

All notices given in connection with the exercise of any right or performance of any obligation hereunder shall be in writing and shall be delivered to the following addresses of the relevant Parties either in person, or by registered mail, or by generally accepted courier service, or by fax.

 

Party A: 
  Address: 35F (D, E), Fortune Building, Futian Central District, Shenzhen

Zip Code: 518040

Attention: Xin Wen
 Fax: 0755-8324100

 

Party B and Shareholders:

Address: No. 106 Building, Lize Zhongyuan, Chaoyang District, Beijing

Zip Code: 100102
  Attention: Ping Zhou
 Fax: 010-59080270

 

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10.                               Miscellaneous

 

10.1                           Any written consent, proposal, appointment or other decision in connection with this Agreement which has a material effect on Party B’s day-to-day business operations shall be subject to the approval of Party A’s board of directors.

 

10.2                           This Agreement shall become effective upon the execution by each of the Parties’ duly authorized representatives and the provisions hereof shall remain effective until Party A’s is dissolved in accordance with PRC law.

 

10.3                           Party B and its Shareholders shall not terminate this Agreement during the effective term hereof.  Party A shall have the right to terminate this Agreement at any time by sending a written notice 30 days in advance to Party B and its Shareholders.

 

10.4                           Any provision hereof held invalid or unenforceable according to the provisions of applicable laws shall be deemed removed from this Agreement and voided, as if such provision had never been contained herein, but the balance of the provisions of this Agreement shall remain in force and effect. The Parties shall replace such removed provision with a lawful and valid provision which reflects to the fullest extent possible the Parties’ original intention with respect to such removed provision.

 

10.5                           Any failure to exercise any right, power or privilege hereunder shall not be deemed a waiver thereof. Any single or partial exercise of such right, power or privilege shall not prevent any exercise by a Party of any other right, power or privilege.

 

10.6                           Party B and its Shareholders agree that Party A may transfer its rights and obligations hereunder to any third party upon notice to Party B and its Shareholders. Party B and its Shareholders may not transfer any of their rights and obligations hereunder without Party A’s prior written consent.

 

10.7                           Each Party shall, to the extent of its powers, execute all such instruments and do all such acts (in the case of the Shareholders, including the exercise of their voting or other rights in respect of Party B) as may be necessary for the effectiveness of the provisions of this Agreement or the grant of all its rights hereunder to any other party.

 

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IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed by their duly authorized representatives on the date first indicated above.

 

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(Signature Page)
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party A: Lanting Jishi Trade   (Shenzhen) Co., Ltd. (Company Seal)
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/Xin   Wen
    	
 
    
	
Authorized   Representative: Xin Wen
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party B: Beijing Lanting   Gaochuang Technologies Co., Ltd. (Company Seal)
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/Ping   Zhou
    	
 
    
	
Authorized   Representative: Ping Zhou
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party C: Shenzhen Lanting   Huitong Technologies Co., Ltd. (Company Seal)
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/Xin   Wen
    	
 
    
	
Authorized   Representative: Xin Wen
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party   D: Quji Guo
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/Quji   Guo
    	
 
    
				

 

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Appendix 1

 

Form Power of Attorney

 

The undersigned, [please insert name], a PRC citizen with identity card number [please insert ID card number], hereby authorizes Lanting Jishi Trade (Shenzhen) Co., Ltd.  or its designee to exercise all voting rights that he/she has as a shareholder of Beijing Lanting Gaochuang Technologies Co., Ltd. (Company) during the effective term hereof, including without limitation nominating and electing, as an authorized representative, the Company’s directors, general manager and other executive officers at the general shareholders’ meeting of the Company.

 

The aforesaid authorization may not be cancelled unless approved by the board of directors of Lanting Jishi Trade (Shenzhen) Co., Ltd.

 

The proxy shall exercise the voting rights bestowed upon a shareholder in respect of the Company dutifully and diligently and shall act as directed by the board of directors of Lanting Jishi Trade (Shenzhen) Co., Ltd.

 

This Power of Attorney shall be effective as of the date of signing and shall be effective so long as the undersigned remains a shareholder of the Company.

 

 

	
By:
    	
 
    	
 
    
	
[                              ]
    	
 
    
	
Date:
    	
 
    

 

9Exhibit 10.12

 

Equity Disposal Agreement

 

This Equity Disposal Agreement (Agreement), dated as of December 7, 2011, is made in Beijing by and among the following parties (Parties):

 

Party A: Lanting Jishi Trade (Shenzhen) Co., Ltd.

Address: 35F (D, E), Fortune Building, Futian Central District, Shenzhen

Legal Representative: Xin Wen

 

Party B: Beijing Lanting Gaochuang Technologies Co., Ltd.

Address: No. 106 Building, Lize Zhongyuan, Chaoyang District, Beijing

Legal Representative: Ping Zhou

 

Party C: Shenzhen Lanting Huitong Technologies Co., Ltd.
  Address: 35F (B, C), Fortune Building, Futian Central District, Shenzhen

Legal Representative: Xin Wen

 

Party D: Quji Guo
  ID Card No.: 510105197509100012 
 Address: Room 201, Unit 1, Building 18, Huaqingjiayuan, Wudaokou, Haidian 

District, Beijing

 

WHEREAS:

 

A.            Party A is a wholly foreign-owned enterprise registered in the People’s Republic of China (PRC);

 

B.            Party B is a limited liability company registered in the PRC engaging in software development, computer system development and economic and trade consulting services;

 

C.            Party C and Party D are Party B’s shareholders (Grantors or Shareholders), holding 49% and 51% of Party B’s equity interest, respectively.

 

Now, therefore, the Parties, through friendly consultations and based on the principles of equality and mutual benefit, hereby agree as follows:

 

1.             Granting of the Option

 

1.1           Granting

 

The Grantor hereby grants to Party A an option (Option) such that Party A may purchase at any time either in one lump sum or in installments the Equity Interest owned by each Grantor in Party B (Equity Interest). Party A or its third party designee may exercise the Option by paying a purchase price which shall be equal to the

 

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minimum amount as then permitted by PRC law (Purchase Price). If Party A exercises the Option to purchase only part of the Equity Interest (including but not limited to purchase of Party B’s Equity Interest from part of the Grantors only or purchase of only part of Party B’s Equity Interest from the Grantors), then the Purchase Price for said Equity Interest shall be equal to the total Purchase Price multiplied by the ratio of the Equity Interest subject to transfer relative to the total Equity Interest.

 

1.2           Term

 

This Agreement shall become effective upon execution of the Parties hereto and shall remain in full force until the completion of purchase by Party A or its third party designee of all Equity Interest held by the Grantors in Party B in accordance with PRC law.

 

2.             Exercise and Closing of the Option

 

2.1           Exercise Time

 

2.1.1           The Grantors unanimously agree that, if and when permitted by PRC laws and regulations, Party A may exercise all or part of the Option at any time during the term of this Agreement.

 

2.1.2           The Grantors unanimously agree not to restrict the number of times Party A may exercise the Option until Party A or its third party designee has completed the purchase of all of the Equity Interest of Party B.

 

2.1.3           The Grantors unanimously agree that Party A may, upon issuance of written notice to the Grantors, designate in its discretion any third party to exercise the Option on its behalf.

 

2.2           Payment of the Purchase Price

 

Each of the Grantors hereby acknowledges and agrees that it has received consideration for the purchase and sale of the Equity Interest held by it in Party B in accordance with each agreement entered into between the Grantor and Party A or its affiliate and that the value of such consideration is equal to the Purchase Price. Each Grantor therefore agrees to report to Party B any amount payable by Party A to any Grantor in connection with its exercise of the rights hereunder.

 

2.3           Assignment

 

The Grantors unanimously agree that Party A may, upon issuance of written notice to them, assign to any third party its rights and

 

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obligations hereunder. Without the written consent of Party A, the Grantors may not assign their rights and obligations hereunder.

 

2.4           Notice requirements

 

Each time Party A exercises the Option, it shall serve a written notice (Notice of Exercise) on the Grantors specifying:

 

2.4.1           the name of transferee that will purchase the Equity Interest from each Grantor;

 

2.4.2           the amount of the Equity Interest to be purchased from each Grantor; and

 

2.4.3           the power of attorney (if any) by which Party A designates a third party to exercise the Option.

 

The Grantors unanimously agree that Party A shall be entitled to exercise the Option and to select such third party as may be designated by it from time to time as the transferee of the Equity Interest.

 

Upon service of the Notice of Exercise, the Equity Interest transfer effected in accordance with such Notice of Exercise shall become immediately effective as to the Parties. Within 3 working days after service of the Notice of Exercise, always in accordance with the Notice of Exercise and this Agreement, the Grantors shall execute and deliver to Party A, and shall cause Party B to execute and deliver to Party A, the equity transfer agreement in the form as set forth in the appendix 1 hereto, as well as any other documents necessary or advisable for the effectiveness of the Equity Interest transfer (including but not limited to the written statements by each Grantor waiving any right of first refusal to purchase each other’s Equity Interest subject to transfer and any other documents required to be submitted to the relevant industry and commerce administration or competent telecommunications authority or other local authorities). On the execution date hereof, the Grantor shall, as requested by Party A from time to time, deliver to Party A an original copy of the duly executed (but undated) equity transfer agreement, the written statement issued by each Grantor, in the form as set forth in the appendix 2, waiving any right of first refusal to purchase each other’s Equity Interest subject to transfer and other documents as referenced in the foregoing sentence.

 

2.5           Closing

 

The Grantor shall offer Party A and Party B all such assistance as is necessary and appropriate for the effectiveness of the Equity Interest transfer, including but not limited to the obtaining of approval (if

 

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required) for said transfer from the competent telecommunications authority or other local authorities and the completion of the Equity Interest change registration with the relevant industry and commerce administration.

 

3.             Representations and Warranties

 

3.1           The Grantor hereby represents, warrants and undertakes to Party A as follows:

 

3.2           It has full power and authority to enter into and perform this Agreement;

 

3.3           The performance of the obligations hereunder neither violates any applicable law, regulation or contract nor requires any governmental authorization or approval;

 

3.4           There is no pending litigation, arbitration or other legal or administrative procedures that to its knowledge may have a material adverse effect on the performance of this Agreement.

 

3.5           The Grantor will not create any pledge, debt or other third party rights on the Party B’s Equity Interest, or dispose of the same by transfer, gift, pledge or otherwise to any third party.

 

3.6           No pledge, debt or other third party rights exists on the Equity Interest of Party B.

 

3.7           The option granted to Party A is exclusive. The Grantor shall not, in any manner, grant to other parties any other option or similar rights or rights that will have an adverse effect on the Option as contemplated hereunder.

 

3.8           Undertaking

 

Considering that Party A or its third party designee will report to Party B all of the amounts received in respect of the Option, Party B hereby undertakes to Party A that it will bear all expenses arising out of the execution of all such documents and the completion of all such formalities and the execution of all such other documents as may be necessary in order for Party A or its third party designee to become shareholders of Party B pursuant to the exercise of the Option; and that it will complete all such procedures as may be necessary in order for Party A or its designee to fully and officially become shareholders of Party B, including without limitation assistance to Party A in connection with the obtaining of approvals (if any) for the Equity Interest transfer from relevant government departments and submission

 

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to the relevant industry and commerce administration of all documents required for amendment to the articles of association, shareholders change registration and other relevant items.

 

The Grantors jointly and severally covenant and undertake to Party A and Party B that unless otherwise required by Party A in writing, all of the Grantors shall act as a concerted party in respect of the rights or obligations to be exercised or performed by the Grantors hereunder.

 

The Grantors agree that when any shareholder of Party B transfers part or all of the Equity Interest it holds in Party B, other shareholders waive the  right of first refusal to purchase such Equity Interest transferred by said shareholder.

 

4.             Tax

 

Party B shall bear all taxes incurred in connection with the performance of this Agreement.

 

5.             Breach of Agreement

 

5.1           If any Party breaches this Agreement or any of its representations and warrants herein, any non-breaching Party may by written notice require such breaching Party to rectify its breach, take appropriate measures to avoid, in an effective and timely manner, damages to the non-breaching Party and resume the performance of this Agreement, within 10 days after receipt of the notice.

 

5.2           If a Party breaches this Agreement and thereby causes any expense, liabilities or loss (including without limitation loss in profits) to any of the other Parties, the breaching Party shall indemnify the non-breaching Party for such expenses, liabilities or losses (including without limitation any loss of rights as a result of such breach and any attorney’s fees). The amount of damages shall be equal to the losses incurred as a result of such breach. The damages shall cover all of the rights the non-breaching Party (ies) would have been entitled to had this Agreement been performed, provided that they shall not exceed the reasonable expectations of the Parties.

 

5.3           Where all the Parties breach this Agreement, the amount of damages shall be determined according to the severity of each Party’s breach.

 

5.4           Notwithstanding any other provision hereof, Party A shall have the right to enforce its rights hereunder, and the other Parties acknowledge and agree that monetary damages will not be adequate to indemnify Party A for the losses suffered by it as a result of any breach by any of the other Parties of their obligations hereunder.

 

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6.             Force Majeure

 

6.1           If the performance of this Agreement is delayed or impeded by a Force Majeure Event (as defined below), any Party affected by such Force Majeure Event may be exempted from any liabilities hereunder only to the extent of such delay or impediment. A “Force Majeure Event” means any event which is unforeseeable or is beyond the reasonable control of the affected Party and cannot be prevented despite reasonable care, including without limitation Acts of God, war and riot, provided that in no case may a lack of credit, funds or financing be deemed an event beyond the reasonably control of a Party.  A Party affected by a Force Majeure Event asserting exemption from any obligations under this Agreement or any of the provisions hereof shall promptly notify the other Parties of the same and shall further advise the other Parties of all the necessary steps to be taken by it in order to resume its performance of such obligations and shall resume the performance of its obligations.

 

6.2           Provided that a Party affected by a Force Majeure event has used its reasonable and practicable efforts to perform this Agreement and overcome such Force Majeure Event, such Party shall not e held liable for its failure to perform its obligations hereunder to the extent that such performance of its obligations has been delayed or impeded by such Force Majeure Event. Upon the cessation of a Force Majeure Event, the affected Party shall immediately resume its performance of this Agreement.

 

7.             Governing Law and Dispute Resolution

 

7.1           The execution, validity, interpretation and performance of this Agreement and the resolution of any disputes arising from this Agreement shall be governed by PRC laws.

 

7.2           Should any dispute arise in connection with the interpretation or performance of this Agreement, the Parties shall seek to resolve such dispute through friendly consultations. If such dispute is not so resolved within 30 days after the commencement of consultations, any Party may submit it to the China International Economic and Trade Arbitration Commission in Beijing for arbitration in accordance with its then effective arbitration rules. The arbitral award shall be final and binding upon the Parties. This article shall survive the expiry or termination of this Agreement.

 

7.3           During the arbitration, the Parties shall continue to perform any provisions which are not related to the matter under arbitration.

 

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8.             Miscellaneous

 

8.1           Entire Agreement

 

8.1.1           This Agreement and any other agreements and/or documents contained or expressly included herein constitute the entire agreement with respect to the subject matter hereunder and shall supersede all prior agreements, contracts, understandings and communications, whether oral or written, among the Parties with respect to the same.

 

8.1.2           Any amendment or supplement to this Agreement may be effected only by written instrument executed by each of the Parties. Such duly executed instrument of amendment or supplement shall be an integral part of this Agreement and shall have the same legal force and effect as this Agreement.

 

8.1.3           Any provision hereof held invalid or unenforceable according to the provisions of applicable laws shall be deemed removed from this Agreement and voided, as if such provision had never been contained herein, but the balance of the provisions of this Agreement shall remain in force and effect. The Parties shall replace such removed provision with a lawful and valid provision which reflects to the fullest extent possible the Parties’ original intention with respect to such removed provision.

 

8.2           Notices

 

All notices given in connection with the exercise of any right or performance of any obligation hereunder shall be in writing and shall be delivered to the following addresses of the relevant Parties either in person, or by registered mail, or by generally accepted courier service, or by fax.

 

Party A: 
 Address: 35F (D, E), Fortune Building, Futian Central District, Shenzhen

Zip Code: 18040

Attention: Xin Wen
 Fax: 0755-8324100

 

Party B and Shareholders:

Address: No. 106 Building, Lize Zhongyuan, Chaoyang District, Beijing

Zip Code: 100102
 Attention:  Ping Zhou

 

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Fax: 010-59080270

 

8.3           Further Assurance

 

Each Party shall, to the extent of its powers, execute all such instruments and do all such acts (in the case of the Shareholders, including the exercise of their voting or other rights in respect of Party B) as may be necessary for the effectiveness of the provisions hereof or the grant of all of its rights hereunder to any other Party.

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their duly authorized representatives on the date first indicated above.

 

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(Signature Page)

 

 

	
Party A: Lanting Jishi Trade   (Shenzhen) Co., Ltd. (Company Seal)
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/Xin   Wen
    	
 
    
	
Authorized Representative: Xin Wen
    
	
 
    	
 
    
	
 
    	
 
    
	
Party B: Beijing Lanting   Gaochuang Technologies Co., Ltd. (Company Seal)
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/Ping   Zhou
    	
 
    
	
Authorized Representative: Ping Zhou
    
	
 
    	
 
    
	
 
    	
 
    
	
Party C: Shenzhen Lanting Huitong   Technologies Co., Ltd. (Company Seal)
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/Xin   Wen
    	
 
    
	
Authorized Representative: Xin Wen
    
	
 
    	
 
    
	
 
    	
 
    
	
Party D: Quji Guo
    
	
 
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/Quji   Guo
    	
 
    
				

 

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Appendix 1:

 

Equity Transfer Agreement

 

This Equity Transfer Agreement (Agreement) is made on        in      by and between:

 

Transferor:

Transferee:

Whereas:

 

1.             Beijing Lanting Gaochuang Technologies Co., Ltd. is a limited liability company registered in the PRC engaging in software development, computer system development and economic and trade consulting services.

 

2.             The transferor is    , and holds     % of Equity Interest in the company.

 

3.             The transferee is     .

 

4.             The transferor agrees to transfer certain Equity Interest it holds in the company to the transferee and the transferee agrees to accept such transfer.

 

It is hereby agreed as follows:

 

1.             The transferor agrees to transfer     % Equity Interest it holds in the company to the transferee.

 

2.             The transfer price shall be RMB     .

 

3.             The Agreement shall become effective and binding upon both parties upon execution.

 

 

	
Transferor:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
(Signature):
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Transferee:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
(Signature):
    	
 
    	
 
    

 

10

 

Appendix 2:

 

Waiver of Right of First Refusal

 

We, Quji Guo and Shenzhen Lanting Huitong Technologies Co., Ltd., shareholders of Beijing Lanting Gaochuang Technologies Co., Ltd., hereby state that when any of the shareholders of the company transfers part or all of the Equity Interest it holds in the company, all of the other shareholders shall waive their rights of first refusal to purchase such Equity Interest transferred by said shareholder and shall agree to execute legal instruments necessary for the completion of the Equity transfer procedures with the relevant industry and commerce administration.

 

This statement shall be irrevocable.

 

Quji Guo

	
Signature:
    	
/s/Quji   Guo
    	
 
    

 

 

Shenzhen Lanting Huitong Technologies Co., Ltd. (Company Seal)

 

	
By:
    	
/s/Xin   Wen
    	
 
    

Legal Representative: Xin Wen

 

Date : December 7, 2011

 

11

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