Document:

exv10w3

Exhibit 10.3

INDEMNIFICATION AGREEMENT

     This
Indemnification Agreement (the “Agreement”) is entered into
as of                    , 2010 by
and between Bitauto Holdings Limited, a company incorporated and existing under the laws of the
Cayman Islands (the “Company”), and the undersigned, a director and/or officer of the Company
(“Indemnitee”).

RECITALS

     1. The Company recognizes that highly competent persons are becoming more reluctant to serve
corporations as directors or in other capacities unless they are provided with adequate protection
through insurance or adequate indemnification against risks of claims and actions against them
arising out of their services to the corporation.

     2. The Board of Directors of the Company (the “Board”) has determined that the inability to
attract and retain highly competent persons to serve the Company is detrimental to the best
interests of the Company and its shareholders and that it is reasonable and necessary for the
Company to provide adequate protection to such persons against risks of claims and actions against
them arising out of their services to the Company.

     3. The Company is willing to indemnify Indemnitee to the fullest extent permitted by
applicable law, and Indemnitee is willing to serve and continue to serve the Company on the
condition that he or she be so indemnified.

AGREEMENT

     In consideration of the premises and the covenants contained herein, the Company and
Indemnitee do hereby covenant and agree as follows:

A. DEFINITIONS

     The following terms shall have the meanings defined below:

     Expenses shall include damages, judgments, fines, penalties, settlements and costs, attorneys’
fees and disbursements and costs of attachment or similar bond, investigations, and any expenses
paid or incurred in connection with investigating, defending, being a witness in, participating in
(including on appeal), or preparing for any of the foregoing in, any Proceeding (as hereinafter
defined).

     Indemnifiable Event means any event or occurrence that takes place either before or after the
execution of this Agreement, related to the fact that Indemnitee is or was a director of the
Company or an officer of the Company or any of its subsidiaries or consolidated special purpose
entities (“SPEs”), or is or was serving at the request of the Company as a director or officer of
another corporation, partnership, joint venture or other entity, or related to anything done or not
done by Indemnitee in any such capacity.

     Participant means a person who is a party to, or witness or participant (including on appeal)
in, a Proceeding.

 

 

     Proceeding means any threatened, pending or completed action, suit or proceeding, or any
inquiry, hearing or investigation, whether civil, criminal, administrative, investigative or other,
including appeal, in which Indemnitee may be or may have been involved as a party or otherwise by
reason of an Indemnifiable Event, including, without limitation, any threatened, pending or
completed action, suit or proceeding by or in the right of the Company.

B. AGREEMENT TO INDEMNIFY

     1. General Agreement. In the event Indemnitee was, is or becomes a Participant in, or
is threatened to be made a Participant in, a Proceeding, the Company shall indemnify the Indemnitee
from and against any and all Expenses which Indemnitee incurs or becomes obligated to incur in
connection with such Proceeding, to the fullest extent permitted by applicable law.

     2. Indemnification of Expenses of Successful Party. Notwithstanding any other
provision of this Agreement to the contrary, to the extent that Indemnitee has been successful on
the merits in defense of any Proceeding or in defense of any claim, issue or matter in such
Proceeding, Indemnitee shall be indemnified against all Expenses incurred in connection with such
Proceeding or such claim, issue or matter, as the case may be, offset by the amount of cash, if
any, received by Indemnitee resulting from his/her success therein.

     3. Partial Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for a portion of Expenses, but not for the total amount
of Expenses, the Company shall indemnify Indemnitee for the portion of such Expenses to which
Indemnitee is entitled.

     4. Exclusions. Notwithstanding anything in this Agreement to the contrary, Indemnitee
shall not be entitled to indemnification under this Agreement:

     (a) to the extent that payment is actually made to Indemnitee under a valid, enforceable and
collectible insurance policy;

     (b) to the extent that Indemnitee is indemnified and actually paid other than pursuant to this
Agreement;

     (c) in connection with a judicial action by or in the right of the Company, in respect of any
claim, issue or matter as to which Indemnitee shall have been adjudicated by final judgment in a
court of law to be liable for intentional misconduct in the performance of his/her duty to the
Company unless and only to the extent that any court in which such action was brought shall
determine upon application that, despite the adjudication of liability but in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such
Expenses as such court shall deem proper;

     (d) in connection with any Proceeding initiated by Indemnitee against the Company, any
director or officer of the Company or any other party, and not by way of defense, unless (i) the
Company has joined in or the Reviewing Party (as hereinafter defined) has consented to the
initiation of such Proceeding; or (ii) the Proceeding is one to enforce indemnification rights
under this Agreement or any applicable law;

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     (e) for a disgorgement of profits made from the purchase and sale by the Indemnitee of
securities pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar
provisions of any applicable U.S. state statutory law or common law;

     (f) brought about by the dishonesty or fraud of Indemnitee seeking payment hereunder;
provided, however, that Indemnitee shall be protected under this Agreement as to
any claims upon which suit may be brought against him/her by reason of any alleged dishonesty on
his/her part, unless a judgment or other final adjudication thereof adverse to Indemnitee
establishes that he/she committed (i) acts of active and deliberate dishonesty, (ii) with actual
dishonest purpose and intent, and (iii) which acts were material to the cause of action so
adjudicated;

     (g) for any judgment, fine or penalty which the Company is prohibited by applicable law from
paying as indemnity;

     (h) arising out of Indemnitee’s personal tax matter; or

     (i) arising out of Indemnitee’s breach of an employment agreement with the Company (if any) or
any other agreement with the Company or any of its subsidiaries or SPEs.

     5. No Employment Rights. Nothing in this Agreement is intended to create in
Indemnitee any right to continued employment with the Company.

     6. Contribution. If the indemnification provided in this Agreement is unavailable and
may not be paid to Indemnitee for any reason other than those set forth in Section B.4 above, then
the Company shall contribute to the amount of Expenses paid in settlement actually and reasonably
incurred and paid or payable by Indemnitee in such proportion as is appropriate to reflect (i) the
relative benefits received by the Company on the one hand and by Indemnitee on the other hand from
the transaction from which such Proceeding arose, and (ii) the relative fault of the Company on the
one hand and of Indemnitee on the other hand in connection with the events which resulted in such
Expenses, as well as any other relevant equitable considerations. The relative fault of the
Company on the one hand and of Indemnitee on the other hand shall be determined by reference to,
among other things, the parties’ relative intent, knowledge, access to information and opportunity
to correct or prevent the circumstances resulting in such Expenses. The Company agrees that it
would not be just and equitable if contribution pursuant to this Section B.6 were determined by pro
rata allocation or any other method of allocation which does not take account of the foregoing
equitable considerations.

C. INDEMNIFICATION PROCESS

     1. Notice and Cooperation By Indemnitee. Indemnitee shall, as a condition precedent
to his/her right to be indemnified under this Agreement, give the Company notice in writing as soon
as practicable of any claim made against Indemnitee for which indemnification will or could be
sought under this Agreement. Notice to the Company shall be given in accordance with Section F.7
below. In addition, Indemnitee shall give the Company such information and cooperation as the
Company may reasonably request.

     2. Indemnification Payment.

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     (a) Advancement of Expenses. Indemnitee may submit a written request with reasonable
particulars to the Company requesting that the Company advance to Indemnitee all Expenses that may
be reasonably incurred by Indemnitee in connection with a Proceeding. The Company shall, within
ten (10) business days of receiving such a written request by Indemnitee, advance all requested
Expenses to Indemnitee. Any excess of the advanced Expenses over the actual Expenses will be
repaid to the Company.

     (b) Reimbursement of Expenses. To the extent Indemnitee has not requested any advanced
payment of Expenses from the Company, Indemnitee shall be entitled to receive reimbursement for the
Expenses incurred in connection with a Proceeding from the Company as soon as practicable after
Indemnitee makes a written request to the Company for reimbursement.

     (c) Determination by the Reviewing Party. Notwithstanding anything foregoing to the contrary,
in the event the Reviewing Party (as hereinafter defined) informs the Company that Indemnitee is
not entitled to indemnification in connection with a Proceeding under this Agreement or applicable
law, the Company shall be entitled to be reimbursed by Indemnitee for all the Expenses previously
advanced or otherwise paid to Indemnitee in connection with such Proceeding; provided,
however, that Indemnitee may bring a suit to enforce his indemnification right in
accordance with Section C.3 below.

     3. Suit to Enforce Rights. Regardless of any action by the Reviewing Party, if
Indemnitee has not received full indemnification within 30 days after making a written demand in
accordance with Section C.2 above, Indemnitee shall have the right to enforce his/her
indemnification rights under this Agreement by commencing litigation in any court of competent
jurisdiction seeking a determination by the court or challenging any determination by the Reviewing
Party or any breach in any aspect of this Agreement. Any determination by the Reviewing Party not
challenged by Indemnitee and any final judgment entered by the court shall be binding on the
Company and Indemnitee.

     4. Assumption of Defense. In the event the Company is obligated under this Agreement
to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be
entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon
delivery to Indemnitee of written notice of its election to do so. After delivery of such notice,
approval of such counsel by Indemnitee and the retention of such counsel by the Company, the
Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently
incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by
Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably
concluded, based on written advice of counsel, that there may be a conflict of interest of such
counsel retained by the Company between the Company and Indemnitee in the conduct of any such
defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to
the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s
counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to
employ counsel in any Proceeding at Indemnitee’s expense.

     5. Defense to Indemnification, Burden of Proof and Presumptions. It shall be a
defense to any action brought by Indemnitee against the Company to enforce this Agreement that it
is not permissible under this Agreement or applicable law for the Company to

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indemnify the Indemnitee for the amount claimed. In connection with any such action or any
determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be
indemnified under this Agreement, the burden of proving such a defense or determination shall be on
the Company. Neither the failure of the Reviewing Party or the Company to have made a
determination prior to the commencement of such action by Indemnitee that indemnification is proper
under the circumstances because Indemnitee has met the standard of conduct set forth in applicable
law, nor an actual determination by the Reviewing Party or the Company that Indemnitee had not met
such applicable standard of conduct shall be a defense to the action or create a presumption that
Indemnitee has not met the applicable standard of conduct.

     6. No Settlement Without Consent. Neither party to this Agreement shall settle any
Proceeding in any manner that would impose any damage, loss, penalty or limitation on Indemnitee
without the other party’s written consent. Neither the Company nor Indemnitee shall unreasonably
withhold its consent to any proposed settlement.

     7. Company Participation. Subject to Section B.6, the Company shall not be liable to
indemnify the Indemnitee under this Agreement with regard to any judicial action if the Company was
not given a reasonable and timely opportunity, at its expense, to participate in the defense,
conduct and/or settlement of such action.

     8. Reviewing Party.

          (a) For purposes of this Agreement, the “Reviewing Party” with respect to each
indemnification request of Indemnitee shall be (A) the Board of Directors by a majority vote of a
quorum consisting of Disinterested Directors (as hereinafter defined), or (B) if a quorum of the
Board of Directors consisting of Disinterested Directors is not obtainable or, even if obtainable,
said Disinterested Directors so direct, Independent Counsel (as hereinafter defined) in a written
opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee; and, if it is
determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made
within ten (10) days after such determination. Indemnitee shall cooperate with the person, persons
or entity making such determination with respect to Indemnitee’s entitlement to indemnification,
including providing to such person, persons or entity upon reasonable advance request any
documentation or information which is not privileged or otherwise protected from disclosure and
which is reasonably available to Indemnitee and reasonably necessary to such determination. Any
Independent Counsel or member of the Board of Directors shall act reasonably and in good faith in
making a determination under this Agreement of the Indemnitee’s entitlement to indemnification.
Any reasonable costs or expenses (including reasonable attorneys’ fees and disbursements) incurred
by Indemnitee in so cooperating with the person, persons or entity making such determination shall
be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to
indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless
therefrom to the extent as aforesaid. “Disinterested Director” means a director of the
Company who is not and was not a party to the Proceeding in respect of which indemnification is
sought by Indemnitee.

          (b) If the determination of entitlement to indemnification is to be made by Independent
Counsel, the Independent Counsel shall be selected as provided in this Section C.8(b). The
Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such
selection be made by the Board of Directors, in which event the Board

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of Directors by a majority vote of a quorum consisting of Disinterested Directors shall select),
and Indemnitee shall give written notice to the Company advising it of the identity of the
Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be,
may, within 10 days after such written notice of selection shall have been given, deliver to the
Company or to Indemnitee, as the case may be, a written objection to such selection;
provided, however, that such objection may be asserted only on the ground that the
Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined
in Section C.8(d) of this Agreement, and the objection shall set forth with particularity the
factual basis of such assertion. Absent a proper and timely objection, the person so selected
shall act as Independent Counsel. If a written objection is made and substantiated, the
Independent Counsel selected may not serve as Independent Counsel unless and until such objection
is withdrawn or a court has determined that such objection is without merit. If the determination
of entitlement to indemnification is to be made by Independent Counsel, but within 20 days after
submission by Indemnitee of a written request for indemnification, no Independent Counsel shall
have been selected and not objected to, then the Board of Directors by a majority vote shall select
the Independent Counsel. The Company shall pay any and all reasonable fees and expenses of
Independent Counsel incurred by such Independent Counsel in connection with acting under this
Agreement, and the Company shall pay all reasonable fees and expenses incident to the procedures of
this Section C.8(b), regardless of the manner in which such Independent Counsel was selected or
appointed.

          (c) In making a determination with respect to entitlement to indemnification hereunder, the
Reviewing Party shall presume that Indemnitee is entitled to indemnification under this Agreement
if Indemnitee has submitted a request for indemnification in accordance with this Agreement, and
the Company shall have the burden of proof to overcome that presumption in connection with the
making by any person, persons or entity of any determination contrary to that presumption. The
termination of any Proceeding or of any claim, issue or matter therein, by judgment, order,
settlement (with or without court approval), conviction, or upon a plea of nolo contendere or its
equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself
adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee
did not act in good faith and in a manner which he reasonably believed to be in or not opposed to
the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had
reasonable cause to believe that his conduct was unlawful. For purposes of any determination of
good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based
on the records or books of account of the Company and any other corporation, partnership, joint
venture or other entity of which Indemnitee is or was serving at the written request of the Company
as a director, officer, employee, agent or fiduciary, including financial statements, or on
information supplied to Indemnitee by the officers and directors of the Company or such other
corporation, partnership, joint venture or other entity in the course of their duties, or on the
advice of legal counsel for the Company or such other corporation, partnership, joint venture or
other entity or on information or records given or reports made to the Company or such other
corporation, partnership, joint venture or other entity by an independent certified public
accountant or by an appraiser or other expert selected with reasonable care by the Company or such
other corporation, partnership, joint venture or other entity. In addition, the knowledge and/or
actions, or failure to act, of any director, officer, agent or employee of the Company or such
other corporation, partnership, joint venture or other entity shall not be imputed to Indemnitee
for purposes of determining the right to indemnification under this Agreement. The provisions of
this Section C.8(c) shall

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not be deemed to be exclusive or to limit in any way the other circumstances in which
Indemnitee may be deemed to have met the applicable standard of conduct set forth in this
Agreement.

          (d) “Independent Counsel” means a law firm, or a member of a law firm, that is
experienced in matters of corporation law and neither presently is, nor in the past five (5) years
has been, retained to represent (i) the Company or Indemnitee in any matter material to either such
party (other than with respect to matters concerning Indemnitee under this Agreement, or of other
indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding
giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term
“Independent Counsel” shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The
Company agrees to pay the reasonable fees of the Independent Counsel referred to above.

D. DIRECTOR AND OFFICER LIABILITY INSURANCE

     1. Good Faith Determination. The Company shall from time to time make the good faith
determination whether or not it is practicable for the Company to obtain and maintain a policy or
policies of insurance with reputable insurance companies providing the officers and directors of
the Company with coverage for losses incurred in connection with their services to the Company or
to ensure the Company’s performance of its indemnification obligations under this Agreement.

     2. Coverage of Indemnitee. To the extent the Company maintains an insurance policy or
policies providing directors’ and officers’ liability insurance, Indemnitee shall be covered by
such policy or policies, in accordance with its or their terms, to the maximum extent of the
coverage available for any of the Company’s directors or officers.

     3. No Obligation. Notwithstanding the foregoing, the Company shall have no obligation
to obtain or maintain any director and officer insurance policy if the Company determines in good
faith that such insurance is not reasonably available in the case that (i) premium costs for such
insurance are disproportionate to the amount of coverage provided, (ii) the coverage provided by
such insurance is limited by exclusions so as to provide an insufficient benefit, or (iii)
Indemnitee is covered by similar insurance maintained by a parent, subsidiary or SPE of the
Company.

E. NON-EXCLUSIVITY; FEDERAL PREEMPTION; TERM

     1. Non-Exclusivity. The indemnification provided by this Agreement shall not be
deemed exclusive of any rights to which Indemnitee may be entitled under the Articles of
Association, applicable law or any written agreement between Indemnitee and the Company (including
its subsidiaries and SPEs). The indemnification provided under this Agreement shall continue to be
available to Indemnitee for any action taken or not taken while serving in an indemnified capacity
even though he/she may have ceased to serve in any such capacity at the time of any Proceeding.

     2. Federal Preemption. Notwithstanding the foregoing, both the Company and Indemnitee
acknowledge that in certain instances, U.S. federal law or public policy may

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override applicable law and prohibit the Company from indemnifying its directors and officers under
this Agreement or otherwise. Indemnitee acknowledges that the U.S. Securities and Exchange
Commission (the “SEC”) believes that indemnification for liabilities arising under the federal
securities laws is against public policy and is, therefore, unenforceable and that the Company has
undertaken or may be required in the future to undertake with the SEC to submit the question of
indemnification to a court in certain circumstances for a determination of the Company’s right
under public policy to indemnify Indemnitee.

     3. Duration of Agreement. All agreements and obligations of the Company contained
herein shall continue during the period Indemnitee is an officer and/or a director of the Company
(or is or was serving at the request of the Company as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise) and shall continue
thereafter so long as Indemnitee shall be subject to any Proceeding by reason of his former or
current capacity at the Company or any other enterprise at the Company’s request, whether or not
he/she is acting or serving in any such capacity at the time any Expense is incurred for which
indemnification can be provided under this Agreement. This Agreement shall continue in effect
regardless of whether Indemnitee continues to serve as an officer and/or a director of the Company
or any other enterprise at the Company’s request.

F. MISCELLANEOUS

     1. Amendment of this Agreement. No supplement, modification, or amendment of this
Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any of
the provisions of this Agreement shall operate as a waiver of any other provisions (whether or not
similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided in
this Agreement, no failure to exercise or any delay in exercising any right or remedy shall
constitute a waiver.

     2. Subrogation. In the event of payment to Indemnitee by the Company under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of
recovery of Indemnitee, who shall execute all papers required and shall do everything that may be
necessary to secure such rights, including the execution of such documents as necessary to enable
the Company to bring suit to enforce such rights.

     3. Assignment; Binding Effect. Neither this Agreement nor any of the rights or
obligations hereunder may be assigned by either party hereto without the prior written consent of
the other party; except that the Company may, without such consent, assign all such rights and
obligations to a successor in interest to the Company which assumes all obligations of the Company
under this Agreement. Notwithstanding the foregoing, this Agreement shall be binding upon and
inure to the benefit of and be enforceable by and against the parties hereto and the Company’s
successors (including any direct or indirect successor by purchase, merger, consolidation, or
otherwise to all or substantially all of the business and/or assets of the Company) and assigns, as
well as Indemnitee’s spouses, heirs, and personal and legal representatives.

     4. Severability and Construction. Nothing in this Agreement is intended to require or
shall be construed as requiring the Company to do or fail to do any act in violation of applicable
law. The Company’s inability, pursuant to a court order, to perform its

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obligations under this Agreement shall not constitute a breach of this Agreement. In addition, if
any portion of this Agreement shall be held by a court of competent jurisdiction to be invalid,
void, or otherwise unenforceable, the remaining provisions shall remain enforceable to the fullest
extent permitted by applicable law. The parties hereto acknowledge that they each have
opportunities to have their respective counsel review this Agreement. Accordingly, this Agreement
shall be deemed to be the product of both of the parties hereto, and no ambiguity shall be
construed in favor of or against either of the parties hereto.

     5. Counterparts. This Agreement may be executed in two counterparts, both of which
taken together shall constitute one instrument.

     6. Governing Law. This agreement and all acts and transactions pursuant hereto and
the rights and obligations of the parties hereto hereunder shall be governed, construed and
interpreted in accordance with the laws of the State of New York, U.S.A., without giving effect to
conflicts of law provisions thereof.

     7. Notices. All notices, demands, and other communications required or permitted
under this Agreement shall be made in writing and shall be deemed to have been duly given if
delivered by hand, against receipt, or mailed, postage prepaid, certified or registered mail,
return receipt requested, and addressed to the Company at:

Bitauto Holdings Limited

New Century Hotel Office Tower, 6/F

No. 6 South Capital Stadium Road

Beijing, 100044

The People’s Republic of China

Attn: Chief Financial Officer

and to Indemnitee at:

the address set forth on Annex A hereto.

     8. Entire Agreement. This Agreement constitutes the entire agreement and supersedes
all prior agreements and understandings, both written and oral, between the parties with respect to
the subject matter hereof.

(Signature page follows)

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IN WITNESS WHEREOF, the parties hereto execute this Agreement as of the date first written above.

					
	 	

COMPANY

Bitauto Holdings Limited

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

					
	

INDEMNITEE

	 
	 	 
	Name:  	 	 
	 	 	 	 

 

 

	 	 	 	 	 

Annex A

	 	 	 	 	 

	Name and Business Address	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	Attn:
	 	 	 	 
	 

	 	 	 	 
	Tel:
	 	 	 	 
	 

	 	 	 	 
	Fax:
	 	 	 	 
	 

	 	 	 	 
	Email:exv10w4

Exhibit 10.4

EMPLOYMENT AGREEMENT

     This EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of _____________,
by and between Bitauto Holdings Limited, a company incorporated and existing under the laws of the
Cayman Islands (the “Company”) and _____________, an individual (the “Executive”).
The term “Company” as used herein with respect to all obligations of the Executive hereunder shall
be deemed to include the Company and all of its direct or indirect subsidiaries and affiliates
(collectively, the “Group”).

RECITALS

A. The Company desires to employ the Executive and to assure itself of the services of the
Executive during the term of Employment (as defined below).

B. The Executive desires to be employed by the Company during the term of Employment and under the
terms and conditions of this Agreement.

AGREEMENT

	 	 	The parties hereto agree as follows:
	 
	1.	 	POSITION
	 
	 	 	The Executive hereby accepts a position of _____________ (the “Employment”) of the
Company.
	 
	2.	 	TERM
	 
	 	 	Subject to the terms and conditions of this Agreement, the initial term of the Employment
shall be ______ years, commencing on ___________, 20__ (the “Effective Date”), until
___________, 201__, unless terminated earlier pursuant to the terms of this Agreement. Upon
expiration of the initial term, the Employment shall be automatically extended for
successive one-year terms unless either party gives the other party hereto a thirty days’
prior written notice to not renew the Employment upon the expiration of such one-year term
or unless terminated earlier pursuant to the terms of this Agreement.
	 
	3.	 	PROBATION
	 
	 	 	There is no probation period for the Employment.
	 
	4.	 	DUTIES AND RESPONSIBILITIES
	 
	 	 	The Executive’s duties at the Company will include all jobs assigned by the Board of
Directors of the Company (the “Board”) or, if authorized by the Board, by the
Company’s Chief Executive Officer.
	 
	 	 	The Executive shall devote all of his/her working time, attention and skills to the
performance of his/her duties at the Company and shall faithfully and diligently serve the
Company in accordance with this Agreement and the guidelines, policies and procedures of the
Company approved from time to time by the Board.

 

 

	 	 	The Executive shall use his/her best efforts to perform his/her duties hereunder. The
Executive shall not, without the prior written consent of the Board, become an employee or
consultant of any entity other than the Company and/or any member of the Group, and shall
not carry on or be interested in the business or entity that competes with that carried on
by the Group (any such business or entity, a “Competitor”), provided that nothing in
this clause shall preclude the Executive from holding any shares or other securities of any
Competitor that is listed on any securities exchange or recognized securities market
anywhere. The Executive shall notify the Company in writing of his/her interest in such
shares or securities in a timely manner and with such details and particulars as the Company
may reasonably require.
	 
	5.	 	NO BREACH OF CONTRACT
	 
	 	 	The Executive hereby represents to the Company that: (i) the execution and delivery of this
Agreement by the Executive and the performance by the Executive of the Executive’s duties
hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other
agreement or policy to which the Executive is a party or otherwise bound, except for
agreements that are required to be entered into by and between the Executive and any member
of the Group pursuant to applicable law of the jurisdiction where the Executive is based, if
any; (ii) that the Executive has no information (including, without limitation, confidential
information and trade secrets) relating to any other person or entity which would prevent,
or be violated by, the Executive entering into this Agreement or carrying out his/her duties
hereunder; and (iii) that the Executive is not bound by any confidentiality, trade secret or
similar agreement with any other person or entity except for other member(s) of the Group,
as the case may be.
	 
	6.	 	LOCATION
	 
	 	 	The Executive will be based in Beijing, China until both parties hereto agree to change
otherwise.
	 
	7.	 	COMPENSATION AND BENEFITS

	 	(a)	 	Cash Compensation. The Executive’s cash compensation shall be
provided by the Company pursuant to Schedule A hereto, subject to annual review
and adjustment by the Board.
	 
	 	(b)	 	Equity Incentives. To the extent the Company adopts and maintains a
share incentive plan, including but not limited to the 2006 Share Incentive Plan and
the 2010 Share Incentive Plan, the Executive will be eligible for participating in such
plans pursuant to the terms and conditions thereof as determined by the Board, and any
award granted thereunder will be governed by an award agreement to be entered into
separately between the Company and the Executive.
	 
	 	(c)	 	Benefits. The Executive is eligible for participation in any standard
employee benefit plan of the Company that currently exists or may be adopted
by the Company in the future, including, but not limited to, any retirement plan, life
insurance plan, health insurance plan and annual holiday plan.

	8.	 	TERMINATION OF THE AGREEMENT

	 	(a)	 	By the Company. The Company may terminate the Employment for cause,
at any time, without advance notice or remuneration, if (1) the Executive is convicted
or pleads guilty
to a felony or to an act of fraud, misappropriation or embezzlement, (2) the
Executive has

2

 

	 	 	 	been negligent or acted dishonestly to the detriment of the Company,
(3) the Executive has engaged in actions amounting to misconduct or failed to
perform his/her duties hereunder and such failure continues after the Executive is
afforded a reasonable opportunity to cure such failure, (4) the Executive has died,
or (5) the Executive has a disability which shall mean a physical or mental
impairment which, as reasonably determined by the Board, renders the Executive
unable to perform the essential functions of his/her employment with the Company,
even with reasonable accommodation that does not impose an undue hardship on the
Company, for more than 180 days in any 12-month period, unless a longer period is
required by applicable law, in which case that longer period would apply. In
addition, the Company may terminate the Employment without cause, at any time, upon
thirty days’ prior written notice to the Executive. Upon termination without cause,
the Company shall provide compensation to the Executive as expressly required by
applicable law of the jurisdiction where the Executive is based.
	 
	 	(b)	 	By the Executive. The Executive may terminate the Employment at any
time with a thirty days’ prior written notice to the Company, if (1) there is any
significant change in the Executive’s authorities and responsibilities inconsistent in
any material and adverse respect with his/her title and position, or (2) there is a
material reduction in the Executive’s annual salary before the next annual salary
review. In addition, the Executive may resign prior to the expiration of this
Agreement if such resignation is approved by the Board or an alternative arrangement
with respect to the Employment is agreed to by the Board.
	 
	 	(c)	 	Notice of Termination. Any termination of the Executive’s employment
under this Agreement shall be communicated by written notice of termination from the
terminating party to the other party. The notice of termination shall indicate the
specific provision(s) of this Agreement relied upon in effecting the termination.

	9.	 	CONFIDENTIALITY AND NONDISCLOSURE

	 	(a)	 	Confidentiality and Non-disclosure. In the course of the Executive’s
services, the Executive may have access to the Company and/or the Company’s clients’
and/or prospective clients’ trade secrets and confidential information, including but
not limited to those embodied in memoranda, manuals, letters or other documents,
computer disks, tapes or other information storage devices, hardware, or other media or
vehicles, pertaining to the Company and/or the Company’s clients’ and/or prospective
clients’ business. All such trade secrets and confidential information are considered
confidential. All materials containing any such trade secret and confidential
information are the property of the Company and/or the Company’s clients and/or
prospective clients, and shall be returned to the Company and/or the Company’s clients
and/or prospective clients upon expiration or earlier termination of this Agreement.
The Executive shall not directly or indirectly disclose or use any such trade secret or
confidential information, except as required in the performance of the Executive’s
duties in connection with the Employment, or pursuant to applicable law.
	 
	 	(b)	 	Trade Secrets. During and after the Employment, the Executive shall
hold the Trade Secrets (as defined below) in strict confidence; the Executive shall not
disclose the Trade Secrets to anyone except other employees of the Company who have a
need to know the
Trade Secrets in connection with the Company’s business. The Executive shall not
use the Trade Secrets other than for the benefits of the Company.

3

 

	 	 	 	“Trade Secrets” means information deemed confidential by the Company,
treated by the Company or which the Executive knows or ought reasonably to have
known to be confidential, and trade secrets, including without limitation designs,
processes, pricing policies, methods, inventions, conceptions, technology, technical
data, financial information, corporate structure and know-how, relating to the
business and affairs of the Company and its subsidiaries, affiliates and business
associates, whether embodied in memoranda, manuals, letters or other documents,
computer disks, tapes or other information storage devices, hardware, or other media
or vehicles. Trade Secrets do not include information generally known or released
to public domain through no fault of the Executive.
	 
	 	(c)	 	Former Employer Information. The Executive represents and agrees that,
during the term of his/her employment with the Company, he/she has not improperly used
or disclosed, and will not improperly use or disclose, any proprietary information or
trade secrets of any former employer or other person or entity with which the Executive
has an agreement to keep in confidence information acquired by the Executive, if any.
The Executive will indemnify the Company and hold it harmless from and against all
claims, liabilities, damages and expenses, including reasonable attorneys’ fees and
costs of suit, arising out of or in connection with any violation of the foregoing.
	 
	 	(d)	 	Third Party Information. The Executive recognizes that the Company may
have received, and in the future may receive, from third parties their confidential or
proprietary information subject to a duty on the Company’s part to maintain the
confidentiality of such information and to use it only for certain limited purposes.
The Executive agrees that the Executive owes the Company and such third parties, during
the Executive’s employment by the Company and thereafter, a duty to hold all such
confidential or proprietary information in the strictest confidence and not to disclose
it to any person or firm and to use it in a manner consistent with, and for the limited
purposes permitted by, the Company’s agreement with such third party.

	 	 	This Section 9 shall survive the termination of this Agreement for any reason. In the
event the Executive breaches this Section 9, the Company shall have right to seek remedies
permissible under applicable law.

	10.	 	INVENTIONS

	 	(a)	 	Inventions Retained and Licensed. The Executive has attached hereto, as
Schedule B, a list describing all inventions, ideas, improvements, designs and
discoveries, whether or not patentable and whether or not reduced to practice, original
works of authorship and trade secrets made or conceived by or belonging to the
Executive (whether made solely by the Executive or jointly with others) that (i) were
developed by the Executive prior to the Executive’s employment by the Company
(collectively, “Prior Inventions”), (ii) relate to the Company’ actual or
proposed business, products or research and development, and (iii) are not assigned to
the Company hereunder; or, if no such list is attached, the Executive represents that
there are no such Prior Inventions. Except to the extent set forth in Schedule
B, the Executive hereby acknowledges that, if in the course of his/her service for
the Company, the Executive incorporates into a Company product, process or machine a
Prior Invention owned by the Executive or in which he/she has an interest, the
Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable,
perpetual, worldwide right and license (which may be freely transferred by the
Company to any other person or entity) to make, have made, modify, use, sell,
sublicense and

4

 

	 	 	 	otherwise distribute such Prior Invention as part of or in connection
with such product, process or machine.
	 
	 	(b)	 	Disclosure and Assignment of Inventions. The Executive understands that
the Company engages in research and development and other activities in connection with
its business and that, as an essential part of the Employment, the Executive is
expected to make new contributions to and create inventions of value for the Company.
	 
	 	 	 	From and after the Effective Date, the Executive shall disclose in confidence to the
Company all inventions, improvements, designs, original works of authorship,
formulas, processes, compositions of matter, computer software programs, databases,
mask works and trade secrets (collectively, the “Inventions”), which the
Executive may solely or jointly conceive or develop or reduce to practice, or cause
to be conceived or developed or reduced to practice, during the period of the
Executive’s Employment at the Company. The Executive acknowledges that
copyrightable works prepared by the Executive within the scope of and during the
period of the Executive’s Employment with the Company are “works for hire” and that
the Company will be considered the author thereof. The Executive agrees that all
the Inventions shall be the sole and exclusive property of the Company and the
Executive hereby assigns all his/her right, title and interest in and to any and all
of the Inventions to the Company or its successor in interest without further
consideration.
	 
	 	(c)	 	Patent and Copyright Registration. The Executive agrees to assist the
Company in every proper way to obtain for the Company and enforce patents, copyrights,
mask work rights, trade secret rights, and other legal protection for the Inventions.
The Executive will execute any documents that the Company may reasonably request for
use in obtaining or enforcing such patents, copyrights, mask work rights, trade secrets
and other legal protections. The Executive’s obligations under this paragraph will
continue beyond the termination of the Employment with the Company, provided that the
Company will reasonably compensate the Executive after such termination for time or
expenses actually spent by the Executive at the Company’s request on such assistance.
The Executive appoints the Secretary of the Company as the Executive’s attorney-in-fact
to execute documents on the Executive’s behalf for this purpose.
	 
	 	(d)	 	Return of Confidential Materials. In the event of the Executive’s
termination of employment with the Company for any reason whatsoever, the Executive
agrees promptly to surrender and deliver to the Company all records, materials,
equipment, drawings, documents and data of any nature pertaining to any confidential
information or to his/her employment, and the Executive will not retain or take with
him/her any tangible materials or electronically stored data, containing or pertaining
to any confidential information that the Executive may produce, acquire or obtain
access to during the course of his/her employment.

	 	 	This Section 10 shall survive the termination of this Agreement for any reason. In the
event the Executive breaches this Section 10, the Company shall have right to seek remedies
permissible under applicable law.
	 
	11.	 	NON-COMPETITION AND NON-SOLICITATION
	 
	 	 	In consideration of the base salary provided to the Executive by the Company hereunder, the
adequacy of which is hereby acknowledged by the parties hereto, the Executive agrees that
during

5

 

	 	 	the term of the Employment and for a period of one year following the termination of
the Employment for whatever reason:

	 	(a)	 	The Executive will not approach clients, customers or contacts of the Company
or other persons or entities introduced to the Executive in the Executive’s capacity as
a representative of the Company for the purposes of doing business with such persons or
entities which will harm the business relationship between the Company and such persons
and/or entities;
	 
	 	(b)	 	unless expressly consented to by the Company, the Executive will not assume
employment with or provide services as a director or otherwise for any Competitor, or
engage, whether as principal, partner, licensor or otherwise, any Competitor; and
	 
	 	(c)	 	unless expressly consented to by the Company, the Executive will not seek
directly or indirectly, by the offer of alternative employment or other inducement
whatsoever, to solicit the services of any employee of the Company employed as at or
after the date of such termination, or in the year preceding such termination.

	 	 	The provisions contained in this Section 11 are considered reasonable by the Executive and
the Company. In the event that any such provisions should be found to be void under
applicable laws but would be valid if some part thereof was deleted or the period or area of
application reduced, such provisions shall apply with such modification as may be necessary
to make them valid and effective.
	 
	 	 	This Section 11 shall survive the termination of this Agreement for any reason. In the
event the Executive breaches this Section 11, the Executive acknowledges that there will be
no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a
decree for specific performance, and such other relief as may be proper (including monetary
damages if appropriate). In any event, the Company shall have right to seek all remedies
permissible under applicable law.
	 
	12.	 	WITHHOLDING TAXES
	 
	 	 	Notwithstanding anything else herein to the contrary, the Company may withhold (or cause
there to be withheld, as the case may be) from any amounts otherwise due or payable under or
pursuant to this Agreement such national, provincial, local or any other income, employment,
or other taxes as may be required to be withheld pursuant to any applicable law or
regulation.
	 
	13.	 	ASSIGNMENT
	 
	 	 	This Agreement is personal in its nature and neither of the parties hereto shall, without
the consent of the other, assign or transfer this Agreement or any rights or obligations
hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or
any rights or obligations hereunder to any member of the Group without such consent, and
(ii) in the event of a merger, consolidation, or transfer or sale of all or substantially
all of the assets of the Company with or to any other individual or entity, this Agreement
shall, subject to the provisions hereof, be binding upon and inure to the benefit of such
successor and such successor shall discharge and perform all the promises, covenants,
duties, and obligations of the Company hereunder.

6

 

	14.	 	SEVERABILITY
	 
	 	 	If any provision of this Agreement or the application thereof is held invalid, the
invalidity shall not affect other provisions or applications of this Agreement which can be
given effect without the invalid provisions or applications and to this end the provisions
of this Agreement are declared to be severable.
	 
	15.	 	ENTIRE AGREEMENT
	 
	 	 	This Agreement constitutes the entire agreement and understanding between the Executive and
the Company regarding the terms of the Employment and supersedes all prior or
contemporaneous oral or written agreements concerning such subject matter. The Executive
acknowledges that he/she has not entered into this Agreement in reliance upon any
representation, warranty or undertaking which is not set forth in this Agreement.
	 
	16.	 	GOVERNING LAW
	 
	 	 	This Agreement shall be governed by and construed in accordance with the law of the State of
New York, U.S.A.
	 
	17.	 	AMENDMENT
	 
	 	 	This Agreement may not be amended, modified or changed (in whole or in part), except by a
formal, definitive written agreement expressly referring to this Agreement, which agreement
is executed by both of the parties hereto.
	 
	18.	 	WAIVER
	 
	 	 	Neither the failure nor any delay on the part of a party to exercise any right, remedy,
power or privilege under this Agreement shall operate as a waiver thereof, nor shall any
single or partial exercise of any right, remedy, power or privilege preclude any other or
further exercise of the same or of any right, remedy, power or privilege, nor shall any
waiver of any right, remedy, power or privilege with respect to any occurrence be construed
as a waiver of such right, remedy, power or privilege with respect to any other occurrence.
No waiver shall be effective unless it is in writing and is signed by the party asserted to
have granted such waiver.
	 
	19.	 	NOTICES
	 
	 	 	All notices, requests, demands and other communications required or permitted under this
Agreement shall be in writing and shall be deemed to have been duly given and made if (i)
delivered by hand, (ii) otherwise delivered against receipt therefor, or (iii) sent by a
recognized courier with next-day or second-day delivery to the last known address of the
other party.
	 
	20.	 	COUNTERPARTS
	 
	 	 	This Agreement may be executed in any number of counterparts, each of which shall be deemed
an original as against any party whose signature appears thereon, and all of which together
shall constitute one and the same instrument. This Agreement shall become binding when one
or more counterparts hereof, individually or taken together, shall bear the signatures of
all of the parties reflected hereon as the signatories. Photographic copies of such signed
counterparts may be used in lieu of the originals for any purpose.

7

 

	21.	 	NO INTERPRETATION AGAINST DRAFTER
	 
	 	 	Each party recognizes that this Agreement is a legally binding contract and acknowledges
that such party has had the opportunity to consult with legal counsel of choice. In any
construction of the terms of this Agreement, the same shall not be construed against either
party on the basis of that party being the drafter of such terms.

[Remainder of this page has been intentionally left blank.]

8

 

IN WITNESS WHEREOF, this Agreement has been executed as of the date first written above.

	 	 	 	 	 	 	 

	 	 	Bitauto Holdings Limited	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Executive	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Signature:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 

 

 

Schedule A

Cash Compensation

	 	 	 	 	 	 	 	 	 
	 	 	Amount	 	 	Pay Period	 
	Base Salary
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Cash Bonus
	 	 	 	 	 	 	 	 

10

 

Schedule B

List of Prior Inventions

	 	 	 	 	 
	 	 	 	 	Identifying Number
	Title	 	Date	 	or Brief Description
	 

	 	 
	 	 

______ No inventions or improvements

______ Additional Sheets Attached

Signature of Executive: ________________

Print Name of Executive: _______________

Date: ____________

11

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