Document:

Exhibit 10.5

GRSNETWORK,
INC. AND eLONG

MARKETING and DISTRIBUTION AGREEMENT

03/02/04

1.                 SERVICES

A.             GRS Network, Inc., a California corpOration (“GRS”),
with its principal place of business at 2320 Marinship Way #200, Sausalito,
California 94965, USA, (“Agreement”) and eLong, a
Beijing, China corporation desire to. enter into a Marketing and Distribution
Agreement for the purpose of distributing eLong’s hotel room inventory via GRS’s
subscriber network in North America;

B.               Pursuant
to the terms and oonditions of this Agreement, eLong or its designate affiliate
will provide to GAS the Services specified on the attached Services Designator,
which shall include a license to use any Software provided hereunder. eLong
owns or properly licenses each of the eLong Services and is authorized to
distribute the Services to GRS.

C.               eLong
will provide GRS access to the Services via the public Internet. GRS shall have
sole responsibility for any interface between the GRSNetwork software
application and the Services.

D.              End
Users will be allowed to access the Services only via their use of GRSNetwork
software applications.

2.                 DEFINITIONS

A.             “Booking”
means an active booking or a ticketed passive booking for the services of an
air, car, hotel, cruise or tour vendor that participates in the Services, less
cancellations thereof, which (i) is made by GRS or a End User directly via
the Services or GRSNetwork; (ii) results in a fee payable directly or
indirectly by the vendor to eLong; and (iii) is not speculative,
fictitious, or made solely for the purpose of achieving productivity-based
booking objectives.

B.               “Documentation”
means all manuals, operating procedures, instructions, guidelines, and other
materials provided by eLong to GRS, including electronic formats.

C.               “GRSNetwork”
means the Internet-based “front-end” software applications developed and
maintained by GRS that integrate CRS Services and allow End Users to access the
data and information contained within the Services in order to make
travel-related bookings.

D.              “End
User” means a travel agency or an individual consumer that has entered into an
End-User License Agreement with GRS to utilize GRSNetwork or that is a user of
an Internet website that is linked to GRSNetwork for the purpose of accessing
travel reservation services.

E.                “Network”
means a system of computer hardware, software utilizing the Internet, used to
distribute its Services by routing messages and data between the Nodes and the
eLong DataCenter.

F.                “Subscriber”
means any travel agent or other person that has entered into a subscriber
agreement with GRS to gain access to the Services.

G.               “Transaction”
means one or more messages accessing the Services that is transmitted by GRS or
by an End User via GRSNetwork.

H.              “Interface
software” means any forms, message formats, and applications which perform
transactions between eLong and GRS.

I.                   “eLong
Services” mean messages, forms, software and procedures by which availability
inquiries and bookings on eLong’s inventory may be made (by eLong).

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3.                 Transaction
Flow

A.             When
a sale is made, GRS will automatically notify eLong after validating the credit
card. eLong will be responsible for returning a transaction number to confirm
the hotel rooms. The normal “confirmation time” of a hotel should be in the
eLong database and will not exceed 72 hours.

B.               When
the transaction number is sent by eLong and received by GRS, the sale can be
completed and the credit card transaction will take place. It will be performed
by GRS. The sale is non-refundable. The sale is made to eLong which will be
paid the net hotel price by the credit card clearing bank. Any “Service Fees”
added to the booking will be remitted directly from the clearing bank to GRS.

C.               GRS
will create a Passenger Record including the eLong reservation information, which
will be used by the travel agent and eLong at the completion of this
transaction. GRS may upload this Record to other subscriber systems.

(The diagram in Appendix A shows the transaction
flow.)

4.                 TERM

This Agreement will commence on March 3, 2004 (“Contract Effective
Date”) and will expire March 2, 2007; GRS and eLong agree to renew this
Agreement for an additional 36-month period at terms mutually agreed to.

5.                 USE
OF SERVICES

A.             GRS
has no ownership, right, or title in or to any eLong Services, and may not
remove identifying marks from the eLong Services or subject same to any lien or
encumbrance. GRS will utilize the eLong Services strictly in accordance with
the Documentation.

B.               End
Users may access the Services only through their use of GRSNetwork and are
prohibited from accessing the eLong Services directly. All End Users are solely
the customers of GRS.

C.               eLong
may enhance, modify, or replace (collectively, “Update”) any of the eLong
Services at any time. If GRS elects to use an Update, such use will constitute
its agreement to abide by the terms and conditions pertaining to such use as
established by eLong. GRS acknowledges that there may be instances where GRS is
required to use an Update; provided, however, in such event, eLong agrees that
there shall be no charge to GRS for its use of such Update.

D.              eLong
is expressly prohibited from soliciting or selling any eLong services to any
GRS customer.

6.                 FINANCIAL
MATTERS

A.             eLong
will provide to GRS in each calendar month a “Hotel Reservation Report” showing
the aggregate number of Bookings made by End Users during the preceding
calendar month (“Total Bookings”). GRS will provide a similar report showing
Bookings as recorded by GRSNetwork.

B.               A
credit card clearing bank, which is mutually acceptable to both eLong and GRS,
will clear all credit card transactions daily and automatically credit the net
hotel price to eLong and credit any added service charges to GRS.

C.               Once
eLong’s account is credited then eLong is responsible for providing the applicable
services, and in the event that such services are not provided, eLong assumes
full responsibility to the End User directly. Any prepaid reservations canceled
or not provided as contracted shall be repaid by eLong directly to the End
User, either by crediting the End User’s credit card account within 48 hours or
by wire transfer within 15 days of non-performance or cancellation.

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7.                 THIRD
PARTY PRODUCTS

eLong has no liability whatsoever with respect to any product that is
not provided by eLong (“Third Party Product”) and is used by GRS in conjunction
with the eLong Services, including GRSNetwork. GRS shall indemnify and hold
harmless eLong for all liabilities, costs, and expenses resulting from or related
to GRS’ use of a Third Party Product.

8.                 WARRANTIES

A.             eLong
represents and warrants that: (i) it is the owner or authorized licensee
of the Services; (ii) it has the right to provide the Services to GRS; and
(iii) it shall use commercially reasonable efforts to maintain the
availability of the Services.

B.               This
warranty shall be null and void if GRS (i) fails to use the Services in
accordance with the documentation and this Agreement; (ii) fails to use
required Updates; or (iii) makes any unauthorized change to the Services.
Furthermore, eLong shall have no liability to GRS whatsoever if GRS’s use of a
Third Party Product proximately causes the failure of performance under Article 10.A.

C.               eLong
(i) MAKES NO OTHER WARRANTY WITH RESPECT TO THE SERVICES OR ANY PRODUCTS
OR SERVICES PROVIDED BY ELONG; (ii) MAKES NO WARRANTY WHATSOEVER WITH
RESPECT TO THIRD PARTY PRODUCTS; AND (iii) EXPRESSLY DISCLAIMS ALL OTHER
WARRANTIES, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE.

D.              Subject
to Article 8.B, in the event of a claim by a third party GRS due solely to
an alleged breach of a warranty set forth in Article 8.A(i) or
8.A(ii), eLong will defend GRS and hold GRS harmless against such claim;
provided that (i) GRS notifies eLong of such claim within 30 days after it
becomes aware of the claim; (ii) eLong controls the defense and any
settlement of such claim; and (iii) GRS cooperates in eLong’s defense of
the claim. Furthermore, if eLong is found to be in breach of a warranty set
forth in Article 8.A, eLong shall, at its option and expense, modify or
replace the component of the Services causing the breach or, in the case of a
breach of Article 8.A(i) or 8.A(ii), may instead obtain for GRS the
right to continue to use such component of the Services.

E.                The
remedies available under this Article 8 are exclusive of any other remedy
provided for in this Agreement or any other remedy, now or hereafter existing
at law, in equity, by statute or otherwise for breach of Article 8.A.

F.                GRS
represents and warrants that no written or oral representation or warranty made
or information furnished by GRS to eLong contains any untrue statement of
material fact.

9.                 LIMITATION
OF LIABILITY

Except for the specific remedies provided for in Articles 8 and 11 of
this Agreement, eLong shall not be liable to GRS under contract law or in tort
for (and GRS hereby waives and releases eLong, its officers, directors,
employees, agents, successors and assigns from) all obligations, liabilities,
rights, claims, damages and remedies of GRS, arising by law or otherwise, due
to any defects, errors, malfunctions, performance, failure to perform, use of
the Services (or any part thereof), interruptions of Services, or acts of eLong’s
agents or subcontractors. Further, without limiting the generality of the
foregoing, eLong shall not in any case be liable for lost business, lost
revenue, lost profits, lost data, lost savings or any economic loss or damage
of any kind or nature, including any other direct, indirect, incidental,
special or consequential damages.

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10.          TERMINATION
FOR CAUSE

A.             If
either party (the “Defaulting Party”) fails to perform or observe any of its
material obligations hereunder, and such failure continues for a period of 30
business days after written notice (except in any circumstance where a cure is
impossible in which case there shall be no cure period) from the other party
(the “Insecure Party”), then the Insecure Party may immediately terminate this
Agreement. If eLong is the Defaulting Party hereunder, then, without prejudice to
any other rights or remedies of GRS, including the right to recover liquidated
damages, all or any of the rights of eLong under this Agreement may, at the
option of GRS, be terminated, reduced or restricted.

B.               Notwithstanding
anything to the contrary in this Agreement, provisions that by their nature and
intent should survive expiration or termination, including, but not limited to,
those related to confidentiality, liquidated damages, Software license
restrictions, and risk of loss, shall so survive.

11.          INDEMNIFICATION

A.             Each
party (“Indemnitor”) shall Indemnify and hold harmless the other party, its
owners, officers, directors, employees, agents, successors and assigns (each an
“Indemnitee”), against and from third party liabilities, including reasonable
attorneys’ fees, costs and expenses incident thereto, which may be incurred by
an Indemnitee solely by reason of any injuries or deaths of persons, or the
loss of, damage to, or destruction of property, including loss of use thereof,
arising out of or in connection with any act, failure to act, error or omission
of the Indemnitor, its officers, directors, employees, agents or subcontractors
in the performance or failure of performance of its obligations under this
Agreement.

B.               GAS
and eLong shall indemnify and hold harmless the other party, its owners,
officers, directors, employees, agents, successors and assigns, against and
from any and all third party liabilities, including reasonable attorneys’ fees,
costs and expenses incident thereto, which may be incurred solely as a result
of the other party’s use of the Services, including, without limitation,
fraudulent bookings, unintended errors, or incorrect information.

12.          DAMAGES

If one party fails to perform or observe its obligations pursuant to
the provisions of Article 7 or 13 hereof, then the other party shall be
liable to the non-performing party for all legal damages and equitable relief
available under the law, including, without limitation, injunctive relief,
monetary damages, attorneys’ fees and all costs incurred in enforcing such
provisions. Further, nothing contained in this Article 12 shall be deemed
to limit the indemnification obligations specified elsewhere in this Agreement.

13.          CONFIDENTIALITY

Neither party shall disclose the trade secrets and proprietary and
confidential information of the other party, including, but not limited to, the
provisions of this Agreement; provided, however, either party may share the
terms of this Agreement with its accountant and attorney strictly on a need-to-know
basis. Neither party shall use the name, logo or product names of the other in
brochures, proposals, contracts or other publicly disseminated materials
without first securing the other party’s written approval.

14.          GOVERNING
LAW: JURISDICTION

This Agreement and any disputes arising under or in connection with
this Agreement shall be governed by the internal laws of the State of
California, without regard to its conflicts of laws principles. All actions
brought by eLong to enforce, arising out of or relating to this Agreement shall
be brought and tried in federal or state courts located within the County of
Marin, State of California,

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and the parties hereby consent to submit to the personal jurisdiction
of such courts and to venue therein.

15.          SALE
AND ASSIGNMENT

Neither party shall not assign or transfer this Agreement, or any part
thereof, without the prior written consent of the other party, which consent
shall not be unreasonably withheld.

16.          GENERAL

A.             Neither
party shall be deemed to be in default or liable for any delays if and to the
extent that performance is delayed or prevented by an event of force majeure.

B.               The
failure of either party to exercise or its waiver or forbearance of any right
or privilege under this Agreement shall not be construed as a subsequent waiver
or forbearance of any such term or condition by such party.

C.               Any
notice permitted or required to be given hereunder shall be sent by first class
mail, postage prepaid, or by any more expedient written means to the address of
GRS as specified above; notices to eLong shall be sent to: eLong,                                ,
Beijing, China.

D.              If
any provision of this Agreement is held invalid or otherwise unenforceable, the
enforceability of the remaining provisions will not be impaired thereby.

E.                In
the event of an action to enforce this Agreement or to seek remedies for a
breach of this agreement, the prevailing party shall be entitled to receive
from the other party reimbursement of its reasonable attorneys’ fees, expenses
and court costs.

17.          ENTIRE
AGREEMENT

This Agreement, together with any attachments now or hereafter made,
each of which is, without further affirmation, added to and made a part hereof,
constitutes the entire agreement and understanding of the parties on the
subject matter hereof and, as of the Contract Effective Date, supercedes all
prior written and oral agreements between the parties, excluding amounts due eLong
which may have accrued under the Original Agreement. This Agreement may be
modified only by written agreement of the parties. In the event that the
provisions of an attachment conflict with any terms herein, then the provisions
of the attachment shall control.

By signing below, the
parties acknowledge their acceptance of the terms and conditions of this
Agreement and its attachments.

	
  GRS Network, Inc.

  	
   

  	
  eLong

  	
   

  
	
  2320
  Marinship Way, Suite 200

  	
   

  	
   

  	
   

  
	
  Sausalito,
  CA 9465

  	
   

  	
  Beijing, China

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Signature:

  	
  /s/ Gregory
  Lykiardopoulos

  	
   

  	
  Signature:

  	
  /s/ Fuya Zheng

  	
   

  
	
  Printed Name:
  Gregory Lykiardopoulos

  	
   

  	
  Printed Name: Fuya Zheng

  
	
  Title: Chairman
  and CEO

  	
   

  	
  Title: VP of [ILLEGIBLE] Products, eLong

  
						

 

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Appendix
A

TRANSACTION
FLOW

 6Exhibit 10.6

 

TRITON DISTRIBUTION SYSTEMS INC.
and YDEE

MARKETING and DISTRIBUTION
AGREEMENT

03/10/06

1.                 SERVICES

A.             Triton
Distribution Systems, Inc., a California corporation (TDS) with its
principal place of business at One Harbor Drive, Suite 300, California
94965, USA, (“Agreement”) and Yoee, a Beijing, China corporation desire to
enter into a Marketing and Distribution Agreement for the purpose of (a) providing
access for Yoee to worldwide GDS database and (b) distributing Yoee’s
domestic Chinese air, car, hotel, etc. inventory via TDS’s Gateway and
subscriber network internationally.

B.               Pursuant
to the terms and conditions of this Agreement, Yoee or its designate affiliate
will provide to TDS the Services specified on the attached Services Designator,
which shall include a license to use any Software provided hereunder. Yoee owns
or properly licenses each of the Yoee Services and is authorized to distribute
the Services to TDS.

C.               Yoee
will provide TDS access to the Services via the public Internet and Yoee will
establish a separate and exclusive domain for TDS and its customers. TDS shall
have sole responsibility for any interface between the Triton Distribution
Systems software application and the Services.

D.              End
Users will be allowed to access the Services only via their use of Triton
Distribution Systems software applications.

2.                 DEFINITIONS

A.             “Booking”
means an active booking or a ticketed passive booking for the services of an
air, car, hotel, cruise or tour vendor that participates in the Services, less
cancellations thereof, which (i) is made by TDS or a End User directly via
the services or Triton Distribution; (ii) results in a fee payable
directly or indirectly by the vendor to Yoee; and (iii) is not speculative,
fictitious, or made solely for the purpose of achieving productivity-based
booking subjectives.

B.               “Documentation”
means all manuals, operating procedures, instructions, guidelines, and other
materials provided by Yoee to TDS, including electronic formats.

C.               “Red
Dragon” means the Internet-based “front-end” software applications developed
and maintained by TDS.

D.              “End
User” means a travel agency or an individual consumer that has entered into an
End-User License Agreement with TDS to utilize Red Dragon or that is a User of
an Internet website that is linked to Red Dragon for the purpose of accessing
travel reservation services.

E.                “Network”
means a system of computer hardware, software utilizing the Internet, used to
distribute its Services by routing messages and data between the Nodes and the
Yoee Data Center.

F.                “Subscriber”
means any travel agent or other person that has entered into a subscriber
agreement with TDS to gain access to the Services.

G.               “Transaction”
means one or more messages accessing the Services that is transmitted by TDS or
by an End User via Red Dragon.

H.              “Interface
software” means any forms, message formats, and applications which perform
transactions between Yoee and TDS.

 1
 

 

 

I.                   “Yoee
Services” mean messages, forms, software and procedures by which availability inquiries
and bookings on Yoee’s inventory may be made (by Yoee).

3.                 SALE
OF CHINESE DOMESTIC AIRLINE TICKETS

A.             TDS
will offer to and book from international agencies, Yoee’s sale of domestic
Chinese airline tickets.

B.               All
passenger records will be booked in Yoee’s name with Yoee’s IATA number. All
reservations residing in the TravelSky database will carry Yoee’s name and IATA
number.

C.               When
a sale is made, TDS will automatically notify Yoee after validating the credit
card. Yoee will be responsible for returning a confirmation number for any
reservation issued outside China within the “normal confirmation time” of 48
hours.

D.              The
Passenger Name Record (PNR) will be built in the TravelSky data base and will
include all pertinent information including Yoee’s name and IATA number.

E.                When
the confirmation is sent, the sale can be completed and the credit card
transaction will take place and be shown in the PNR. The sale is non-refundable
(TDS can offer the clients cancellation insurance). The sale is made by Yoee
who will be paid by the credit card company directly.

F.                Yoee
will establish a separate and exclusive domain for TDS and its agencies to make
air and hotel reservations over the Internet.

G.               All
tickets issued on Chinese domestic airlines will be e-tickets. No hardcopy
tickets will be permitted. All tickets will be prepaid and non-refundable.

When booking an airline reservation the agency would
receive a quote and once the reservation is booked and the confirmation number
is received then the client’s credit card will be charged. The confirmation
number would trigger the credit card charge. All transactions would be prepaid
by credit card and billed directly to the customer, but the clearing Bank will
pay Yoee directly. The transaction is fully prepaid and non-refundable. Yoee
will collect all commissions from the Chinese airlines. TDS will not charge
Yoee or the Chinese airlines any fees or commissions. TDS and the travel agents
will collect transaction/access fees directly and only from the travel customer.

The diagram below shows the transaction flow:

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4.                 ACCESS
TO WORLDWIDE GDS DATA BASE

A.             TDS
will arrange for Yoee to have access via TDS Gateway to a Worldwide GDS Data
Base to book international airlines, hotels, car rentals, cruises, and travel
leisure packages.

B.               TDS
will provide point of sales reservation system [TravelExpert 2] or internet
reservations engine [Reslink2] needed by Yoee to perform international
reservation.

C.               All
passenger records in the GDS will show Yoee’s name and IATA number only.

D.              All
airline tickets and travel documents will be issued by Yoee in the name of Yoee
and IATA number as the originating travel agency.

E.                All
commissions will be paid directly and exclusively to Yoee from all travel
providers.

F.                TDS
will offer all these services to Yoee without charge.

The diagram below shows the flow of the transactions
between Yoee - Triton Distribution Systems and the Worldwide International GDS
Data Base.

5.                 TERM

This Agreement will commence on March 10, 2006
(“Contract Effective Date”) and will expire March 9, 2008; TDS and Yoee agree
to renew this Agreement for an additional 48-month period at terms mutually
agreed to.

6.                 USE
OF SERVICES

A.             TDS
has no ownership, right, or title in or to any Yoee Services, and may not remove
identifying marks from the Yoee Services or subject same to any lien or
encumbrance. TDS will utilize the Yoee Services strictly in accordance with the
Documentation.

B.               End
Users may access the Services only through their use of Triton Distribution Systems
and are prohibited from accessing the Yoee Services directly. All End Users are
solely the customers of TDS.

C.               Yoee
may enhance, modify, or replace (collectively, “Update”) any of the Yoee
Services at any time. If TDS elects to use an Update, such use will constitute
its agreement to abide by the terms and conditions pertaining to such use as
established by Yoee. TDS acknowledges that there may be instances where TDS is
required to use an Update; provided, however, in such event, Yoee agrees that
there shall be no charge to TDS for its use of such Update.

E.                Yoee
is expressly prohibited from soliciting or selling any Yoee services to any TDS
customer.

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7.                 FINANCIAL
MATTERS

A.             TDS
will pay Yoee an upfront fee of $6,000 for the initial implementation of the
XML interface.  This fee will be refunded
when TDS has booked 5000 segments within one year of the contract signing date.

B.               A
credit card clearing bank, which is mutually acceptable to both Yoee and TDS,
will clear all credit card transactions daily and automatically credit the net
travel price to Yoee and credit any added service or access charges to TDS.

C.               All
transactions booked by TDS will be charged to the travel customer’s credit card
and will be prepaid and non-refundable. 
Once Yoee’s account is credited then Yoee is responsible for providing
the applicable services, and in the event that such services are not provided,
Yoee assumes full responsibility to the End User directly.  Any prepaid reservations canceled or not
provided as contracted shall be repaid by Yoee directly to the End User, either
by crediting the End User’s credit card account within 48 hours or by wire
transfer within 15 days of non-performance or cancellation.

8.                 THIRD
PARTY PRODUCTS

Yoee has no
liability whatsoever with respect to any product that is not provided by Yoee
(“Third Party Product”) and is used by TDS in conjunction with the Yoee
Services, including Triton Distribution Systems.  TDS shall indemnify and hold harmless Yoee for
all liabilities, costs, and expenses resulting from or related to TDS’ use of a
Third Party Product.

9.                 WARRANTIES

A.             Yoee
represents and warrants that: (i) it is the owner or authorized licensee of the
Services; (ii) it has the right to provide the Services to TDS; and (iii) it
shall use commercially reasonable efforts to maintain the availability of the
Services.

B.               This
warranty shall be null and void if TDS (i) fails to use the Services in
accordance with the documentation and this Agreement; (ii) fails to use
required Updates; or (iii) makes any unauthorized change to the Services.  Furthermore, Yoee shall have no liability to
TDS whatsoever if TDS’s use of a Third Party Product proximately causes the
failure of performance under Article 10.A.

C.               Yoee
(i) MAKES NO OTHER WARRANTY WITH RESPECT TO THE SERVICES OR ANY PRODUCTS OR
SERVICES PROVIDED BY YOEE; (ii) MAKES NO WARRANTY WHATSOEVER WITH RESPECT TO
THIRD PARTY PRODUCTS; AND (iii) EXPRESSLY DISCLAIMS ALL OTHER WARRANTIES,
INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE.

D.              Subject
to Article 7.A, in the event of a claim by a third party TDS due solely to an
alleged breach of a warranty set forth in Article 9.A(i) or 9.A(ii), Yoee will
defend TDS and hold TDS harmless against such claim; provided that (i) TDS
notifies Yoee of such claim within 30 days after it becomes aware of the claim;
(ii) Yoee controls the defense and any settlement of such claim; and (iii) TDS
cooperates in Yore’s defense of the claim. 
Furthermore, if Yoee is found to be in breach of a warranty set forth in
Article 8.A, Yoee shall, at its option and expense, modify or replace the
component of the Services causing the breach or, in the case of a breach of
Article 9.A(i) or 9.A(ii), may instead obtain for TDS the right to continue to use
such component of the Services.

E.                The
remedies available under this Article 9 are exclusive of any other remedy
provided for in this Agreement or any other remedy, now or hereafter existing
at law, in equity, by statute or otherwise for breach of Article 9.A.

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F.                TDS
represents and warrants that no written or oral representation or warranty made
or information furnished by TDS to Yoee contains any untrue statement of
material fact.

10.          LIMITATION
OF LIABILITY

Except for the
specific remedies provided for in Articles 9 and 12 of this Agreement, Yoee
shall not be liable to TDS under contract law or in tort for (and TDS hereby
waives and releases Yoee, its officers, directors, employees, agents,
successors and assigns from) all obligations, liabilities, rights, claims,
damages and remedies of TDS, arising by law or otherwise, due to any defects,
errors, malfunctions, performance, failure to perform, use of the Services (or
any part thereof), interruptions of Services, or acts of Yoee’s agents or
subcontractors.  Further, without
limiting the generality of the foregoing, Yoee shall not in any case be liable
for lost business, lost revenue, lost profits, lost profits, lost data, lost
savings or any economic loss or damage of any kind or nature, including any other
direct, indirect, incidental, special or consequential damages.

11.          TERMINATION
FOR CAUSE

A.             If
either party (the “Defaulting Party”) fails to perform or observe any of its
material obligations hereunder, and such failure continues for a period of 30
business days after written notice (expect in any circumstance where a cure is
impossible in which case there shall be no cure period) from the other party
(the “Insecure Party”, then the Insecure Party may immediately terminate this
Agreement.  If Yoee is the Defaulting
Party hereunder, then, without prejudice to any other rights or remedies of
TDS, including the right to recover liquidated damages all or any of the rights
of Yoee under this Agreement may, at the option of TDS, be terminated, reduced
or restricted.

B.               Notwithstanding
anything to the contrary in this Agreement, provisions that by their nature and
intent should survive expiration or termination, including, but not limited to,
those related to confidentiality, liquated damages, Software license
restrictions, and risk of loss, shall so survive.

12.          INDEMNIFICATION

A.             Each
party (“Indemnitor”) shall indemnify and hold harmless the other party, its
owners, officers, directors, employees, agents, successors and assigns (each an
“indemnitee”), against and from third party liabilities, including reasonable
attorneys’ fees, costs and expenses incident thereto, which may be incurred by
an indemnitee solely by reason of any injuries or deaths of persons, or the
loss of, damage to, or destruction of property, including loss of use thereof,
arising out of or in connection with any act, failure to act, error or omission
of the indemnitor, its officers, directors, employees, agents or subcontractors
in the performance or failure of performance of its obligations under this
Agreement.

B.     TDS and
Yoee shall indemnify and hold harmless the other party, its owners, officers,
directors, employees, agents, successors and assigns, against and from any and
all third party liabilities, including reasonable attorneys’ fees, costs and
expenses incident thereto, which may be incurred solely as a result of the
other party’s use of the Services, including, without limitation, fraudulent
bookings, unintended errors, or incorrect information.

13.          DAMAGES

If one party fails
to perform or observe its obligations pursuant to the provisions of Article 8
or 14 hereof, then the other party shall be liable to the non-performing party
for all legal damages and equitable relief available under the law, including,
without limitation, injunctive relief, monetary damages, attorneys’ fees and
all costs incurred in enforcing such provisions. Further, nothing contained in
this Article 13 shall be deemed to limit the indemnification obligations
specified elsewhere in this Agreement.

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14.          CONFIDENTIALITY

Neither party
shall disclose the trade secrets and proprietary and confidential information
of the other party, including, but not limited to, the provisions of this
Agreement provided, however, either party may share the terms of this Agreement
with its accountant and attorney strictly on a need-to-know basis. Neither
party shall use the name, logo or product names of the other in brochures,
proposals, contracts or other publicly disseminated materials without first
securing the other party’s written approval.

15.          GOVERNING
LAW: JURISDICTION

This Agreement and
any disputes arising under or in connection with this Agreement shall be governed
by the internal laws of the State of California, without regard to its
conflicts of laws principles. All actions brought by Yoee to enforce, arising
out of or relating to this Agreement shall be brought and tried in federal or
state courts located within the County of Marin, State of California, and the
parties hereby consent to submit to the personal jurisdiction of such courts
and to venue therein.

16.          SALE
AND ASSIGNMENT

Either party shall
have the right to assign or transfer this agreement or any part thereof by
advising the other party in writing thirty (30) days prior to the assignment or
transfer.

17.          GENERAL

A.             Neither
party shall be deemed to be in default or liable for any delays if and to the
extent that performance is delayed or prevented by an event of force majeure.

B.               The
failure of either party to exercise or its waiver or forbearance of any right or
privilege under this Agreement shall not be construed as a subsequent waiver or
forbearance of any such term or condition by such party.

C.               Any
notice permitted or required to be given hereunder shall be sent by first class
mail, postage prepaid,  or by any more
expedient written means to the address of TDS as specified above; notices to
Yoee shall be sent to: Yoee.com, No.20 Xibahe Dongil, Chaoyang District, Beijing,
P.R. China, 100028.

D.              If
any provision of this Agreement is held invalid or otherwise unenforceable, the
enforceability of the remaining provisions will not be impaired thereby.

E.                In
the event of an action to enforce this Agreement or to seek remedies for a
breach of this agreement, the prevailing party shall be entitled to receive
from the other party reimbursement of its reasonable attorneys’ fees, expenses
and court costs.

18.          ENTIRE
AGREEMENT

This Agreement, together with any attachments now or
hereafter  made, each of which is,
without further affirmation, added to and made a part hereof, constitutes the
entire agreement and understanding of the parties on the subject matter hereof
and, as of the Contract Effective Date, supercedes all prior written and oral
agreements between the parties, excluding amounts due Yoee which may have accrued
under the Original Agreement. This Agreement may be modified only by written
agreement of the parties. In the event that the provisions of an attachment
conflict with any terms herein, then the provisions of the attachment shall
control.

 6
 

 

 

By signing below, the parties acknowledge their
acceptance of the terms and conditions of this Agreement and its attachments.

	
  TDS Networks, Inc.

  	
   

  	
  Yoee.com

  
	
  One
  Harbor Drive, Suite 300

  	
   

  	
  No.20 Xibane Dongil, Chaoyang District

  
	
  Sausalito,
  CA 94965

  	
   

  	
  Beijing, China 100028

  
	
   

  	
   

  	
   

  
	
  Signature: 

  	
  /s/ Gregory
  Lyklardopoulos

  	
   

  	
   

  	
  Signature:

  	
  /s/ Justin Xiong

  	
   

  
	
  Printed Name:
  Gregory Lyklardopoulos

  	
   

  	
  Printed Name: Justin Xiong

  
	
  Title: Chairman
  and CEO

  	
   

  	
  Title: CEO

  
	
  Date:

  	
   

  	
  Date: 2006.3.10

  
							

 

 7

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