Document:

Exclusive Option Agreement, dated January 3,2006

 Exhibit 10.33 
 Exclusive Option Agreement 
 This Exclusive Option Agreement (this “Agreement”) is executed
by and among the parties below as of Jan. 3, 2006 in Beijing: 
  

			
	Party A:	  	Lenovo-AsiaInfo Technologies, Inc., a limited liability company organized and existing under the laws of the People’s Republic of China (“China” or “PRC”),
with its address at Room 301-310, Zhongdian Information Tower, No.6 Zhongguancun South Street, Haidian District, Beijing 100086, P. R. China;
		
	Party B:	  	Jian Ding, a citizen of China with Chinese identification No.: 110102650505007, and an address at Room 601, Building 9, Tonglinge Road, Xicheng District, Beijing, China;
and
		
	Party C:	  	Lenovo Security Technologies (Beijing), Inc., a limited liability company organized and existing under the laws of China, with its address at Room 801-810, Zhongdian Information Tower,
No.6 Zhongguancun South Street, Haidian District, Beijing 100086, P. R. China.

 In this Agreement, each of Party A, Party B and Party C shall be referred to as a
“Party,” and they shall be collectively referred to as the “Parties”. 
 Whereas: 
  

	 	1.	Party B holds 25% of the equity interest in Party C; 

  

	 	2.	Party A and Party B executed a loan agreement on Jan. 3, 2006 (the “Loan Agreement”). 

 Now therefore, upon mutual discussion and negotiation, the Parties have reached the following agreement: 
  

	1.	Sale and Purchase of Equity Interest 

  

	 	1.1	Option Granted 

 In consideration of the payment of
RMB10.00 by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable right to purchase, or designate one or more persons (each, a “Designee”) to purchase, the
equity interests in Party C then held by Party B once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein
(such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B.
Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or non-corporate
organizations. 
  

	 	1.2	Steps for Exercise of Equity Interest Purchase Option 

 Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (the “Equity Interest Purchase Option Notice”) and specifying:
(a) Party A’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned
Interests. 
  

	 	1.3	Equity Interest Purchase Price 

 Unless an appraisal is
required by the laws of China applicable to the Equity Interest Purchase Option when exercised by Party A, the purchase price of the Optioned Interests (the “Equity Interest Purchase Price”) shall equal the actual capital contributions
paid in the registered capital of Party C by Party B for the Optioned Interests. 
  

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	 	1.4	Transfer of Optioned Interests 

 For each exercise of the
Equity Interest Purchase Option: 
  

	 	1.4.1	Party B shall cause Party C to promptly convene a shareholders meeting, at which a resolution shall be adopted approving Party B’s transfer of the Optioned Interests to Party A
and/or the Designee(s); 

  

	 	1.4.2	Party B shall execute a share transfer contract with respect to each transfer with Party A and/or each Designee (whichever is applicable), in accordance with the provisions of this
Agreement and the Equity Interest Purchase Option Notice regarding the Optioned Interests; 

  

	 	1.4.3	The relevant Parties shall execute all other necessary contracts, agreements or documents, obtain all necessary government licenses and permits and take all necessary actions, to
transfer valid ownership of the Optioned Interests to Party A and/or the Designee(s), unencumbered by any security interest, and cause Party A and/or the Designee(s) to become the registered owner(s) of the Optioned Interests. For the purpose of
this section and this Agreement, “security interest” shall include security, mortgages, third party’s rights or interests, any stock options, acquisition right, right of first refusal, right to offset, ownership retention or other
security arrangements, but shall be deemed to exclude any security interest created by this Agreement and Party B’s Share Pledge Agreement. “Party B’s Share Pledge Agreement” as used in this section and this Agreement shall refer
to the Share Pledge Agreement executed by and between Party A and Party B as of the date hereof, whereby Party B pledges all of the equity interest in Party C to Party A, in order to guarantee Party C’s performance of its obligations under the
Exclusive Business Corporation Agreement executed by and between Party C and Party A. 

  

	 	1.5	Payment of the Equity Interest Purchase Price 

 The
Parties have agreed in the Loan Agreement that any proceeds obtained by Party B through the transfer of its equity interests in Party C shall be used for repayment of the loan provided by Party A in accordance with the Loan Agreement. Accordingly,
upon exercise of the Equity Interest Purchase Option, Party A may elect to make payment of the Equity Interest Purchase Price through cancellation of the outstanding amount of the loan owed by Party B to Party A, in which case Party A shall not be
required to pay any additional Equity Interest Purchase Price to Party B. 
  

	2.	Covenants regarding Equity Interest Purchase Option 

  

	 	2.1	Covenants regarding Party C 

 Party B (as a shareholder of
Party C) and Party C hereby covenant as follows: 
  

	 	2.1.1	Without the prior written consent of Party A, they shall not in any manner supplement, change or amend the articles of association and bylaws of Party C, increase or decrease its
registered capital, or change its structure of registered capital; 

  

	 	2.1.2	They shall maintain Party C’s corporate existence in accordance with good financial and business standards and practices by prudently and effectively operating its business and
handling its affairs; 

  

	 	2.1.3	Without the prior written consent of Party A, they shall not at any time following the date hereof, sell, transfer, mortgage or dispose of in any manner any assets of Party C or
legal or beneficial interest in the business or revenues of Party C, or allow the encumbrance thereon of any security interest; 

  

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	 	2.1.4	Without the prior written consent of Party A, they shall not incur, inherit, guarantee or suffer the existence of any debt, except for (i) debts incurred in the ordinary course
of business other than through loans; and (ii) debts disclosed to Party A for which Party A’s written consent has been obtained; 

  

	 	2.1.5	They shall always operate all of Party C’s businesses during the ordinary course of business to maintain the asset value of Party C and refrain from any action/omission that
may affect Party C’s operating status and asset value; 

  

	 	2.1.6	Without the prior written consent of Party A, they shall not cause Party C to execute any major contract, except contracts in the ordinary course of business (for purpose of this
subsection, a contract with a value exceeding RMB 100,000 shall be deemed a major contract); 

  

	 	2.1.7	Without the prior written consent of Party A, they shall not cause Party C to provide any person with any loan or credit; 

  

	 	2.1.8	They shall provide Party A with information on Party C’s business operations and financial condition at Party A’s request; 

  

	 	2.1.9	If requested by Party A, they shall procure and maintain insurance in respect of Party C’s assets and business from an insurance carrier acceptable to Party A, at an amount and
type of coverage typical for companies that operate similar businesses; 

  

	 	2.1.10	Without the prior written consent of Party A, they shall not cause or permit Party C to merge, consolidate with, acquire or invest in any person; 

  

	 	2.1.11	They shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to Party C’s assets,
business or revenue; 

  

	 	2.1.12	To maintain the ownership by Party C of all of its assets, they shall execute all necessary or appropriate documents, take all necessary or appropriate actions and file all
necessary or appropriate complaints or raise necessary and appropriate defenses against all claims; 

  

	 	2.1.13	Without the prior written consent of Party A, they shall ensure that Party C shall not in any manner distribute dividends to its shareholders, provided that upon Party A’s
written request, Party C shall immediately distribute all distributable profits to the respective shareholders; and 

  

	 	2.1.14	At the request of Party A, they shall appoint any persons designated by Party A as directors of Party C. 

  

	 	2.2	Covenants of Party B and Party C 

 Party B hereby
covenants as follows: 
  

	 	2.2.1	Without the prior written consent of Party A, Party B shall not sell, transfer, mortgage or dispose of in any other manner any legal or beneficial interest in the equity interests
in Party C held by Party B, or allow the encumbrance thereon of any security interest, except for the pledge placed on these equity interests in accordance with Party B’s Share Pledge agreement; 

  

	 	2.2.2	Party B shall cause the shareholders’ meeting or the board of directors of Party C not to approve the sale, transfer, mortgage or disposition in any other manner any legal or
beneficial interest in the equity interests in Party C held by Party B, or 

  

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 allow the encumbrance thereon of any security interest, without the prior written consent of Party A,
except for the pledge placed on these equity interests in accordance with Party B’s Share Pledge Agreement; 
  

	 	2.2.3	Party B shall cause the shareholders’ meeting or the board of directors of Party C not to approve the merger or consolidation with any person, or the acquisition of or
investment in any person, without the prior written consent of Party A; 

  

	 	2.2.4	Party B shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to the equity interests in
Party C held by Party B; 

  

	 	2.2.5	Party B shall cause the shareholders’ meeting or the board of directors of Party C to vote their approval of the transfer of the Optioned Interests as set forth in this
Agreement and to take any and all other actions that may be requested by Party A; 

  

	 	2.2.6	To the extent necessary to maintain Party B’s ownership in Party C, Party B shall execute all necessary or appropriate documents, take all necessary or appropriate actions and
file all necessary or appropriate complaints or raise necessary and appropriate defenses against all claims; 

  

	 	2.2.7	Party B shall appoint any designee of Party A as director of Party C, at the request of Party A; 

  

	 	2.2.8	At the request of Party A at any time, Party B shall promptly and unconditionally transfer its equity interests in Party C to Party A’s Designee(s) in accordance with the
Equity Interest Purchase Option under this Agreement, and Party B hereby waives its right of first refusal (if any) to the share transfer by the other existing shareholder of Party C (if any); and 

  

	 	2.2.9	Party B shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by and among Party B, Party C and Party A, perform the
obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. To the extent that Party B has any remaining rights with respect to the equity interests subject to this
Agreement hereunder or under the Share Pledge Agreement among the same parties hereto or under the Power of Attorney granted in favor of Party A, Party B shall not exercise such rights except in accordance with the written instructions of Party A.

  

	3.	Representations and Warranties 

 Party B and Party C hereby
represent and warrant to Party A, jointly and severally, as of the date of this Agreement and each date of transfer of the Optioned Interests, that: 
  

	 	3.1	They have the authority to execute and deliver this Agreement and any share transfer contracts to which they are a party concerning the Optioned Interests to be transferred
thereunder (each, a “Transfer Contracts”), and to perform their obligations under this Agreement and any Transfer Contracts. Party B and Party C agree to enter into Transfer Contracts consistent with the terms of this Agreement upon
exercise of the option. This Agreement and the Transfer Contracts to which they are a party constitute or will constitute their legal, valid and binding obligations and shall be enforceable against them in accordance with the provisions thereof;

  

	 	3.1.1	The execution and delivery of this Agreement or any Transfer Contracts and the obligations under this Agreement or any Transfer Contracts shall not: (i) cause any violation of
any applicable laws of China; (ii) be inconsistent with their articles of association, bylaws or other organizational documents of Party C; (iii) cause the violation of any contracts or instruments to which they are a party or which are
binding on them, or constitute any breach under any contracts or instruments to which they are a party or which are binding 

  

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 on them; (iv) cause any violation of any condition for the grant and/or continued effectiveness of
any licenses or permits issued to either of them; or (v) cause the suspension or revocation of or imposition of additional conditions to any licenses or permits issued to either of them;   
  

	 	3.2	Party B has a good and merchantable title to the equity interests in Party C he holds. Except for Party B’s Share Pledge Agreement, Party B has not placed any security interest
on such equity interests; 

  

	 	3.3	Party C has a good and merchantable title to all of its assets, and has not placed any security interest on the aforementioned assets; 

  

	 	3.4	Party C does not have any outstanding debts, except for (i) debt incurred in the ordinary course of business; and (ii) debts disclosed to Party A for which Party A’s
written consent has been obtained.   

  

	 	3.5	Party C has complied with all laws and regulations of China applicable to asset acquisitions; and 

  

	 	3.6	There are no pending or threatened litigation, arbitration or administrative proceedings relating to the equity interests in or assets of Party C.  

  

	4.	Effective Date 

 This Agreement shall become effective upon
the date hereof, and remain effective for a term of 10 years, and may be renewed for an additional 10 years at Party A’s election. 
  

	5.	Governing Laws and Resolution of Disputes 

  

	 	5.1	Governing laws 

 The execution, effectiveness,
construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the formally published and publicly available laws of China. Matters not covered by formally published and publicly
available laws of China shall be governed by international legal principles and practices. 
  

	 	5.2	Methods of Resolution of Disputes 

 Any dispute,
controversy or claim arising out of or relating to this Agreement, or the breach termination or invalidity thereof, shall be settled by arbitration at the Hong Kong International Arbitration Center (“HKIAC”) under the UNCITRAL Arbitration
Rules as at present in force and as may be amended by the rest of this clause. For the purpose of such arbitration, there shall be a board of arbitration (the “Board of Arbitration”) consisting of three arbitrators, each of Party A
and Party B shall select one (1) member and the third member shall be selected by mutual agreement of the other members, or if the other members fail to reach agreement on a third member within twenty (20) days after their selection, such
third member shall thereafter be selected by the HKIAC upon application made to it for such purpose. The language used in such arbitration shall be English, and the place of arbitration shall be in Hong Kong at HKIAC. Any such arbitration shall be
administered by HKIAC in accordance with HKIAC Procedures for Arbitration in force at the date of this Agreement including any additions to the UNCITRAL Arbitration Rules as are therein contained. The decision by the Board of Arbitration shall be
final and binding on the parties. 
  

	6.	Taxes and Fees 

 Each Party shall pay any and all transfer
and registration tax, expenses and fees incurred thereby or levied thereon in accordance with the laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the consummation of the
transactions contemplated under this Agreement and the Transfer Contracts. 
  

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	7.	Notices 

  

	 	7.1	All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a
commercial courier service or by facsimile transmission to the address of such party set forth below. A confirmation copy of each notice shall also be sent by email. The dates on which notices shall be deemed to have been effectively given shall be
determined as follows: 

  

	 	7.1.1	Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery or refusal at the address
specified for notices. 

  

	 	7.1.2	Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of
transmission). 

  

	 	7.2	For the purpose of notices, the addresses of the Parties are as follows: 

 To Party A: Lenovo-AsiaInfo Technologies, Inc. 
  

			
		
	 Address:
	  	Room 301-310, Zhongdian Information Tower, 6 Zhongguancun South Street, Haidian District, Beijing 100086, China
	 Attn:
	  	Legal Department
	 Phone:
	  	(8610)821666888
	 Facsimile:
	  	(8610)82166699

 To Party B: Jian Ding 
  

			
		
	 Address:
	  	Room 601, Building 9, Tonglinge Road, Xicheng District, Beijing, China.
	 Attn:
	  	Jian Ding
	 Phone:
	  	(86)13801196835

 To Party C: Lenovo Security Technologies (Beijing), Inc. 
  

			
		
	 Address:
	  	Room 801-810, Zhongdian Information Tower, No.6 Zhongguancun South Street, Haidian District, Beijing 100086, P. R. China
	 Attn:
	  	Legal Department
	 Phone:
	  	(8610)82166688
	 Facsimile:
	  	(8610)82166699

  

	 	7.3	Any party may at any time change its address for notices by a notice delivered to the other party in accordance with the terms hereof. 

  

	8.	The Duty to Maintain Confidentiality 

 The Parties
acknowledge that any oral or written information exchanged among them with respect to this Agreement is confidential information. Each Party shall maintain the confidentiality of all such information, and without obtaining the written consent of
other Parties, it shall not disclose any relevant information to any third parties, except in the following circumstances: (a) such information is or will be in the public domain (provided that this is not the result of a public disclosure by
the receiving party); (b) information disclosed as required by applicable laws or rules or regulations of any stock exchange; or (c) information required to be disclosed by any Party to its legal counsel or financial advisor regarding the
transaction contemplated hereunder, and such legal counsel or financial advisor are also bound by confidentiality duties similar to the duties in this section. Disclosure of any confidential information by the staff members or agency hired by any
Party shall be deemed disclosure of such confidential information by such Party, which Party shall be held liable for breach of this Agreement. This section shall survive the termination of this Agreement for any reason. 
  

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	9.	Further Warranties 

 The Parties agree to promptly execute
documents that are reasonably required for or are conducive to the implementation of the provisions and purposes of this Agreement and take further actions that are reasonably required for or are conducive to the implementation of the provisions and
purposes of this Agreement. 
  

	10.	Miscellaneous 

  

	 	10.1	Amendment, change and supplement 

 Any amendment, change
and supplement to this Agreement shall require the execution of a written agreement by all of the Parties. 
  

	 	10.2	Entire contract 

 Except for amendments, supplements or
changes in writing executed after the execution of this Agreement, this Agreement shall constitute the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supercede all prior oral and written
consultations, representations and contracts reached with respect to the subject matter of this Agreement. 
  

	 	10.3	Headings 

 The headings of this Agreement are for
convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of the provisions of this Agreement. 
  

	 	10.4	Language 

 This Agreement is written in both Chinese and
English language in three copies, each Party having one copy with equal legal validity; in case there is any conflict between the Chinese version and the English version, the Chinese version shall prevail. 
  

	 	10.5	Severability 

 In the event that one or several of the
provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or
compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and
the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions. 
  

	 	10.6	Successors 

 This Agreement shall be binding on and shall
inure to the interest of the respective successors of the Parties and the permitted assigns of such Parties. 
  

	 	10.8	Survival 

  

	 	10.8.1	Any obligations that occur or that are due as a result of this Agreement upon the expiration or early termination of this Agreement shall survive the expiration or early termination
thereof. 

  

	 	10.8.2	The provisions of Articles 5, 7, 8 and this Section 10.8 shall survive the termination of this Agreement. 

  

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	 	10.9	Waivers 

 Any Party may waive the terms and conditions of
this Agreement, provided that such a waiver must be provided in writing and shall require the signatures of the Parties. No waiver by any Party in certain circumstances with respect to a breach by other Parties shall operate as a waiver by such a
Party with respect to any similar breach in other circumstances. 
 IN WITNESS WHEREOF, the Parties have caused their respective duly authorized
representatives to execute this Agreement as of the date first above written. 
  

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 No contents in the page. 
 Party A: Lenovo-AsiaInfo Technologies, Inc. 
 By Legal
Representative:     /s/ Jian Qi     
 Name: Jian Qi 
 Party B: Jian Ding 
  

			
	 By:
	 	/s/ Jian
Ding                                        
                    

 Party C: Lenovo Security Technologies (Beijing), Inc. 
 By Legal Representative:     /s/ Jian Qi     
 Name: Jian Qi 
  

 9Share Pledge Agreement, dated January 3,2006

 Exhibit 10.34 
 Share Pledge Agreement 
 This Share Pledge Agreement (this “Agreement”) has been executed by and among the
following parties on Jan. 3, 2006 in Beijing. 
 Pledgee: Lenovo-AsiaInfo Technologies, Inc. (hereinafter “Pledgee”) 
  

	 	Address:	Room 301-310, Zhongdian Information Tower, No.6 Zhongguancun South Street, Haidian District, 

	 	                    	Beijing 100086, P. R. China 

 Pledgor:
Jian Ding (hereinafter “Pledgor”) 
  

	 	Chinese	identification card No.: 110102650505007 

  

	 	Address:	Room 601, Building 9, Tonglinge Road, Xicheng District, Beijing, China 

 Lenovo Security Technologies (Beijing), Inc. (“Lenovo Security”) 
  

	 	Address:	Room 801-810, Zhongdian Information Tower, No.6 Zhongguancun South Street, Haidian District, 

	 	                    Beijing 100086, P.	R. China 

 Whereas: 
 Pledgor is a citizen of the People’s Republic of China (“China” or “PRC”), and holds 25% of the equity interests in Lenovo
Security. Lenovo Security is a limited liability company registered in Beijing, China. Lenovo Security intends to acknowledge the respective rights and obligations of Pledgor and Pledgee under this Agreement, and to provide any necessary assistance
in registering the Pledge. 
 Pledgee is a company registered in Beijing, China. Pledgee and Lenovo Security have executed an Exclusive
Business Cooperation Agreement (the “Business Cooperation Agreement”) on December 2, 2004; 
 To ensure that Pledgee collects
consulting and service fees regularly from Lenovo Security, Pledgor hereby pledges all of the equity interests in Lenovo Security held by him/her as security for payment of the consulting and service fees under the Business Cooperation Agreement.

 To perform the provisions of the Business Cooperation Agreement, the Parties have mutually agreed to execute this Agreement upon the
following terms. 
  

	1.	Definitions 

 Unless otherwise provided herein, the
terms below shall have the following meanings: 
  

	 	1.1	Pledge: shall refer to the security interest granted by Pledgor to Pledgee pursuant to Article 2 of this Agreement, i.e., the right of Pledgee to be compensated on a preferential
basis with the conversion, auction or sales price of the Shares. 

  

	 	1.2	Shares: shall refer to all of the equity interests in Lenovo Security which is currently lawfully held and/or to be acquired by Pledgor. 

  

	 	1.3	Term of Pledge: shall refer to the term set forth in Section 3.2 of this Agreement. 

  

	 	1.4	Event of Default: shall refer to any circumstances set forth in Article 7 of this Agreement. 

  

	 	1.5	Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement declaring an Event of Default. 

  

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	2.	The Pledge 

 As security for the prompt and complete
performance of all or any part of the payments due and payable by Lenovo Security to Pledgee (whether by virtue maturity, acceleration or otherwise) , including without limitation the consulting and services fees payable to the Pledgee under the
Business Cooperation Agreement, Pledgor hereby agrees to pledge and pledges the Shares in Levono Security, which is currently lawfully held by or to be acquired by Pledgor, to Pledgee. 
  

	3.	Term of Pledge 

  

	 	3.1	This Agreement shall become effective as of the date when the Pledge hereunder is registered in the Shareholders’ Register of Lenovo Security. The effective term of the Pledge
shall be the same as the effective term of the Business Cooperation Agreement. Pledgor and Lenovo Security shall register the Pledge hereunder in the Shareholders’ Register of Lenovo Security within 3 working days following the execution of
this Agreement. 

  

	 	3.2	During the term of the Pledge, in the event Lenovo Security fails to pay the exclusive consulting or service fees in accordance with the Business Cooperation Agreement, Pledgee
shall have the right, but not the obligation, to dispose of the Shares in accordance with the provisions of this Agreement. 

  

	4.	Custody of Pledge Records 

  

	 	4.1	During the term of the Pledge set forth in this Agreement, Pledgor shall deliver to Pledgee’s custody the capital contribution certificate for the Shares and the
Shareholder’s Register of Lenovo Security containing the Pledge. Pledgor shall deliver such records to Pledgee within one week from the execution of this Agreement. 

  

	 	4.2	Pledgee shall have the right to collect dividends generated by the Shares. 

  

	5.	Representations and Warranties of Pledgor 

  

	 	5.1	Pledgor is the sole legal and beneficial owner of the Shares. 

  

	 	5.2	Whenever Pledgee exercises its right with respect to the Pledge in accordance with this Agreement, there shall not be any intervention from any other parties.

  

	 	5.3	Pledgee shall have the right to dispose of and transfer the Shares in accordance with the provisions set forth in this Agreement. 

  

	 	5.4	Except for the Pledge, the Pledgor has not placed any security interest or other encumbrance on the Shares. 

  

	6.	Covenants of the Pledgor 

  

	 	6.1	Pledgor hereby covenants to the Pledgee, that during the term of this Agreement, Pledgor shall: 

  

	 	6.1.1	Not transfer the Shares, place or permit the existence of any security interest or other encumbrance that may affect the Pledgee’s rights and interests in the Shares, without
the prior written consent of Pledgee. 

  

	 	6.1.2	comply with the provisions of all laws and regulations applicable to the pledge of rights, and within 5 days of receipt of any notice, order or recommendation issued or prepared by
relevant competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and shall comply with the aforementioned notice, order or recommendation or submit objections and representations with
respect to the aforementioned matters upon Pledgee’s reasonable request or upon consent of Pledgee; 

  

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	 	6.1.3	promptly notify Pledgee of any event or notice received by Pledgor that may have an impact on Pledgee’s rights to the Shares or any portion thereof, as well as any event or
notice received by Pledgor that may have an impact on any guarantees and other obligations of Pledgor arising out of this Agreement. 

  

	 	6.2	Pledgor agrees that the rights acquired by Pledgee in accordance with this Agreement with respect to the Pledge shall not be interrupted or harmed by Pledgor or any heirs or
representatives of Pledgor or any other persons through any legal proceedings. 

  

	 	6.3	To protect or perfect the guarantee provided by this Agreement for payment of the consulting and service fees under the Business Cooperation Agreement, Pledgor hereby undertakes to
execute in good faith and to cause other parties who have an interest in the Pledge to execute all certificates, agreements, deeds and/or covenants required by Pledgee. Pledgor also undertakes to perform and to cause other parties who have an
interest in the Pledge to perform actions required by Pledgee, to facilitate the exercise by Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all relevant documents regarding ownership of equity interests with
Pledgee or designee(s) of Pledgee (natural persons/legal persons). Pledgor undertakes to provide Pledgee within a reasonable time with all notices, orders and decisions regarding the Pledge that are required by Pledgee. 

  

	 	6.4	Pledgor hereby undertakes to comply with and perform all guarantees, promises, agreements, representations and conditions under this Agreement. In the event of failure or partial
performance of its guarantees, promises, agreements, representations and conditions, Pledgor shall indemnify Pledgee for all losses resulting therefrom. 

  

	7.	Event of Default 

  

	 	7.1	The following circumstances shall be deemed Event of Default: 

  

	 	7.1.1	Lenovo Security fails to pay in full any of the consulting and service fees payable under the Business Cooperation Agreement; 

  

	 	7.1.2	Any representation or warranty by Pledgor in Article 5 of this Agreement contains material misrepresentations or errors, and/or Pledgor violates any of the warranties in Article 5
of this Agreement; 

  

	 	7.1.3	Pledgor breaches any of the covenants in Article 6 of this Agreement; 

  

	 	7.1.4	Pledgor fails to complete the filing procedure of the Pledge stipulated in Section 3.1; 

  

	 	7.1.5	Pledgor breaches any provisions of this Agreement; 

  

	 	7.1.6	Pledgor transfers or abandons the Shares pledged or assigns the Shares pledged without the written consent of Pledgee; 

  

	 	7.1.7	Any of Pledgor’s own loans, guarantees, indemnifications, promises or other debt liabilities to any third party or parties (1) become subject to a demand of early
repayment or performance due to default on the part of Pledgor; or (2) become due but are not capable of being repaid or performed in a timely manner; 

  

	 	7.1.8	Any approval, license, permit or authorization of government agencies that makes this Agreement enforceable, legal and effective is withdrawn, terminated, invalidated or
substantively changed; 

  

	 	7.1.9	The promulgation of applicable laws renders this Agreement illegal or renders it impossible for Pledgor to continue to perform its obligations under this Agreement;

  

 3 

	 	7.1.10	The successor or custodian of Lenovo Security is capable of only partially perform or refuses to perform the payment obligations under the Business Cooperation Agreement;

  

	 	7.1.11	Any other circumstances occur where Pledgee is unable to exercise its right with respect to the Pledge. 

  

	 	7.2	Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor shall immediately
notify Pledgee in writing accordingly. 

  

	 	7.3	Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s satisfaction, Pledgee may issue a Notice of Default to Pledgor in
writing upon the occurrence of the Event of Default or at any time thereafter and demand that Pledgor immediately pay all outstanding payments due under the Business Cooperation Agreement and all other payments due to Pledgee, or dispose of the
Pledge in accordance with the provisions of Article 8 of this Agreement. 

  

	8.	Exercise of Pledge 

  

	 	8.1	Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with the issuance of the Notice of Default in accordance with
Section 7.2 or at any time after the issuance of the Notice of Default. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or interests associated with the Shares. 

  

	 	8.2	Pledgee shall have the right to disposing of the Shares in accordance with procedures prescribed by applicable laws, or through auction or sale of such Shares, to be compensated on
a preferential basis for all outstanding consulting service fees and any other amounts under the Business Cooperation Agreement that have not been paid. 

  

	 	8.3	When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Lenovo Security shall provide necessary assistance to enable Pledgee to enforce the Pledge in
accordance with this Agreement. 

  

	9.	Assignment 

  

	 	9.1	Without Pledgee’s prior written consent, Pledgor shall not have the right to assign or delegate its rights and obligations under this Agreement. 

  

	 	9.2	This Agreement shall be binding on Pledgor and its successors and assigns, and shall be valid with respect to Pledgee and each of its successors and assigns.

  

	 	9.3	At any time, Pledgee may assign any and all of its rights and obligations under the Business Cooperation Agreement to its designee(s) (natural/legal persons), in which case the
assigns shall have the rights and obligations of Pledgee under this Agreement, as if it were a party to this Agreement. When the Pledgee assigns the rights and obligations under the Business Cooperation Agreement, upon Pledgee’s request,
Pledgor shall execute relevant agreements or other documents relating to such assignment. 

  

	 	9.4	In the event of a change in Pledgee due to an assignment, Pledgor shall, at the request of Pledgee, execute a new pledge agreement with the new pledgee on the same terms and
conditions as this Agreement. 

  

 4 

	10.	Termination 

 Upon the full payment of the
consulting service fees under the Business Cooperation Agreement and termination of Pledgor’s obligations under the Business Cooperation Agreement, this Agreement shall be terminated, and Pledgee shall then cancel or terminate this Agreement as
soon as reasonably practicable. 
  

	11.	Handling Fees and Other Expenses 

 All fees and out
of pocket expenses relating to this Agreement, including but not limited to legal costs, stamp tax and any other taxes and fees, shall be borne by Pledgee. 
  

	12.	Force Majeure 

  

	 	12.1	“Force Majeure Event” shall refer to any factual circumstance which is unforeseeable, unavoidable and uncontrollable, including but not limited government actions, acts of
God, fire, explosions, storms, flood, earthquakes, tides, lightning or war. However, insufficient credit, funds or financing shall not be deemed a circumstance beyond the reasonable control of either party. The party affected by a “Force
Majeure Event” shall notify the other party of such event as soon as possible. 

  

	 	12.2	In the event that the performance of this Agreement is delayed or impeded by the aforementioned “Force Majeure Event”, the party affected by such “Force Majeure
Event” shall not be liable in any way under this Agreement to the extent of such delay or impediment. The party affected shall take appropriate measures to mitigate or eliminate the impact of such “Force Majeure Event” and shall
attempt to resume the performance of obligations delayed or impeded by such “Force Majeure Event”. As soon as the “Force Majeure Event” is eliminated, the parties agree to use their best efforts to resume the performance of this
Agreement. 

  

	13.	Governing Law and Resolution of Disputes 

  

	 	13.1	The execution, effectiveness, construction, performance and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of China.

  

	 	13.2	Any dispute, controversy or claim arising out of or relating to this Agreement, or the breach termination or invalidity thereof, shall be settled by arbitration at the Hong Kong
International Arbitration Center (“HKIAC”) under the UNCITRAL Arbitration Rules as at present in force and as may be amended by the rest of this clause. For the purpose of such arbitration, there shall be a board of arbitration (the
“Board of Arbitration”) consisting of three arbitrators, each of Party A and Party B shall select one (1) member and the third member shall be selected by mutual agreement of the other members, or if the other members fail to
reach agreement on a third member within twenty (20) days after their selection, such third member shall thereafter be selected by the HKIAC upon application made to it for such purpose. The language used in such arbitration shall be English,
and the place of arbitration shall be in Hong Kong at HKIAC. Any such arbitration shall be administered by HKIAC in accordance with HKIAC Procedures for Arbitration in force at the date of this Agreement including any additions to the UNCITRAL
Arbitration Rules as are therein contained. The decision by the Board of Arbitration shall be final and binding on the parties. 

  

	14.	Notices 

  

	 	14.1	Unless there are written notices changing the addresses below, notices under this Agreement shall be sent to the following addresses via personal delivery, facsimile or registered
mail. If a notice is sent via registered mail, the date of signature for receipt on return receipt of the registered mail shall be the date of service. If a notice is sent via personal delivery or facsimile, it shall be deemed served on the date
sent (as evidenced by an automatically generated confirmation of transmission). If a notice is sent via facsimile, the original document shall be immediately sent to the following addresses via registered mail or personal delivery after
transmission. 

  

 5 

	 	14.2	For the purpose of giving notices, the contact details of the Parties are as follows: 

  

					
	 To Pledgee: Lenovo-AsiaInfo Technologies, Inc.

			
		  	 Address:
	  	Room 301-310, Zhongdian Information Tower, No.6 Zhongguancun South Street, Haidian District, Beijing 100086, P. R. China
		  	 Attn:
	  	Legal Deptment
		  	 Phone:
	  	(8610)82166688
		  	 Facsimile:
	  	(8610)82166699
	
	 To Pledgor: Jian Ding

			
		  	 Address:
	  	Room 601, Building 9, Tonglinge Road, Xicheng District, Beijing, China
		  	 Attn:
	  	Jian Ding
		  	 Phone:
	  	+86 13801196835
	
	 To: Lenovo Security Technologies(Beijing), Inc.

			
		  	 Address:
	  	Room 801-810, Zhongdian Information Tower, No.6 Zhongguancun South Street, Haidian District, Beijing 100086, P. R. China
		  	 Attn:
	  	Legal Deptment
		  	 Phone:
	  	(8610)82166688
		  	 Facsimile:
	  	(8610)82166699

  

	 	14.3	Any party may at any time change its address for notices by a notice delivered to the other Parties in accordance with the terms hereof. 

  

	15.	Attachments 

 The attachments set forth herein shall
be an integral part of this Agreement. 
  

	16.	Effectiveness 

  

	 	16.1	Any amendments, changes and supplements to this Agreement shall be in writing and shall become effective after the affixation of the signatures and seals of the parties.

  

	 	16.2	This Agreement is written in both Chinese and English language in three copies. Pledgor, Pledgee and Lenovo Security shall hold one copy respectively, and each copy of this
Agreement shall have equal validity. In case there is any conflict between the Chinese version and the English version, the Chinese version shall prevail. 

  

 6 

 No contents in the page. 
 Pledgee: Lenovo-AsiaInfo Technologies, Inc. 
 By Legal Representative: /s/ Jian
Qi     
 Name: Jian Qi 
 Pledgor: Jian Ding 
 By: /s/ Jian Ding     
 Lenovo Security Technologies (Beijing), Inc. 
 By Legal Representative: /s/ Jian Qi     
 Name: Jian Qi

  

 7 

 Attachments: 
  

	1.	Shareholders’ Register of Lenovo Security; 

  

	2.	The Capital Contribution Certificate for the Formation of Lenovo Security; 

  

	3.	Exclusive Business Cooperation Agreement. 

  

 8

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