Document:

exv10w4

Exhibit 10.4

EMPLOYMENT AGREEMENT

     This EMPLOYMENT AGREEMENT (the “Agreement”), is entered into as of                     
(the “Effective Date”) by and between E-Commerce China Dangdang Inc., a company
incorporated and existing under the laws of the Cayman Islands (the “Company”) and                     ,
an individual (the “Executive”). Except with respect to
the direct employment of the Executive by the Company, 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 subsidiaries and affiliated entities (collectively, the “Group”).

RECITALS

A. The Company desires to employ the Executive as its                      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 as its                     
during the term of Employment and upon 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 two years commencing on the Effective Date, unless terminated earlier pursuant to the
terms of this Agreement. Upon expiration of the initial two-year term, the parties may extend
the Employment term by entering into negotiations within one month prior to the expiration.
	 
	3.	 	PROBATION
	 
	 	 	No probationary period.
	 
	4.	 	DUTIES AND RESPONSIBILITIES
	 
	 	 	The Executive’s duties at the Company will include all jobs assigned by the Company’s Board of
the Directors (the “Board”) or the Company’s Chief Executive Officer, as the case may
be.
	 
	 	 	The Executive shall devote all of his or her working time, attention and skills to the
performance of his or her duties at the Company and shall faithfully and diligently serve the
Company in accordance with this Agreement, the Memorandum and Articles of Association of the
Company (the “Articles of Association”), and the guidelines, policies and procedures
of the Company approved from time to time by the Board.
	 
	 	 	The Executive shall use his or her best efforts to perform his or her duties hereunder. The
Executive shall not, without the prior written consent of the Board, become an

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	 	 	employee of any entity other than the Company and any subsidiary or affiliate of the Company,
and shall not be concerned or interested in any business or entity that engages in the
business-to-customer e-commerce or other businesses in which the Company engages, including
but not limited to 360buy.com, Amazon.cn/Joyo, Redbaby.com and Taobao Mall (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 or 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
entered into by and between the Executive and any member of the Group pursuant to applicable
law, 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 or
her duties hereunder; (iii) that the Executive is not bound by any confidentiality, trade
secret or similar agreement (other than this) 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. The Company reserves the right to transfer or
second the Executive to any location in China or elsewhere in accordance with its operational
requirements.
	 
	7.	 	COMPENSATION AND BENEFITS

	 	(a)	 	Cash Compensation. The Executive’s cash compensation (including salary
and bonus) shall be determined by the Company and specified in a
standalone agreement between the Executive and the Company’s
designated subsidiary or affiliated entity and such compensation is
subject to annual review and adjustment by the Company.
	 
	 	(b)	 	Equity Incentives. To the extent the Company adopts and maintains a
share incentive plan, the Executive will be eligible for participating
in such plan pursuant to the terms thereof as determined by the
Company.
	 
	 	(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
travel/holiday plan.

	8.	 	TERMINATION OF THE AGREEMENT

	 	(a)	 	By the Company.

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(i) For Cause. The Company may terminate the Employment for cause, at any time,
without notice or remuneration (unless notice or remuneration is specifically required by
applicable law, in which case notice or remuneration will be provided in accordance with
applicable law), 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 been grossly negligent or acted dishonestly to the detriment
of the Company, or

(3) the Executive has engaged in actions amounting to willful misconduct or failed
to perform his or her duties hereunder and such failure continues after the
Executive is afforded a reasonable opportunity to cure such failure.

(ii) For death and disability. The Company may also terminate the Employment, at
any time, without notice or remuneration (unless notice or remuneration is specifically
required by applicable law, in which case notice or remuneration will be provided in
accordance with applicable law), if:

(1) the Executive has died, or

(2) 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 or 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.

(iii) Without Cause. The Company may terminate the Employment without cause,
at any time, upon a written notice with immediate effect. Upon termination without cause,
the Company shall provide the Executive with a lump sum cash severance payment equal to
N+1 months of the Executive’s then current monthly base salary (N = the number of years
for which the Executive has been employed by the Company), provided that such cash
payment shall not exceed twelve (12) months of the Executive’s then current monthly base
salary.

	 	(b)	 	By the Executive. The Executive may terminate the Employment at any
time with a ninety(90)-day prior written notice to the Company, in
which event the Executive shall be entitled to no compensation from
the Company. In addition, the Executive may resign prior to the
expiration of the 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

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	 	(a)	 	Confidentiality and Non-disclosure. The Executive hereby agrees at all
times during the term of the Employment and after its termination, to
hold in the strictest confidence, and not to use, except for the
benefit of the Company, or to disclose to any person, corporation or
other entity without written consent of the Company, any Confidential
Information. The Executive understands that “Confidential Information”
means any proprietary or confidential information of the Company, its
affiliates, or their respective clients, customers or partners,
including, without limitation, technical data, trade secrets, research
and development information, product plans, services, customer lists
and customers, supplier lists and suppliers, software developments,
inventions, processes, formulas, technology, designs, hardware
configuration information, personnel information, marketing, finances,
information about the suppliers, joint ventures, franchisees,
distributors and other persons with whom the Company does business,
information regarding the skills and compensation of other employees
of the Company or other business information disclosed to the
Executive by or obtained by the Executive from the Company, its
affiliates, or their respective clients, customers or partners either
directly or indirectly in writing, orally or otherwise, if
specifically indicated to be confidential or reasonably expected to be
confidential. Notwithstanding the foregoing, Confidential Information
shall not include information that is generally available and known to
the public through no fault of the Executive.
	 
	 	(b)	 	Company Property. The Executive understands that all documents
(including computer records, facsimile and e-mail) and materials
created, received or transmitted in connection with his or her work or
using the facilities of the Company are property of the Company and
subject to inspection by the Company, at any time. Upon termination of
the Executive’s employment with the Company (or at any other time when
requested by the Company), the Executive will promptly deliver to the
Company all documents and materials of any nature pertaining to his
work with the Company and will provide written certification of his or
her compliance with this Agreement. Under no circumstances will the
Executive have, following his or her termination, in his or her
possession any property of the Company, or any documents or materials
or copies thereof containing any Confidential Information.
	 
	 	(c)	 	Former Employer Information. The Executive agrees that he or she has
not and will not, during the term of his or her employment, (i)
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 or duty to keep in confidence
information acquired by Executive, if any, or (ii) bring into the
premises of the Company any document or confidential or proprietary
information belonging to such former employer, person or entity unless
consented to in writing by such former employer, person or entity. 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 

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	 	 	 	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.	 	CONFLICTING EMPLOYMENT.
	 
	 	 	The Executive hereby agrees that, during the term of his or her employment with the Company,
he or she will not engage in any other employment, occupation, consulting or other business
activity related to the business in which the Company is now involved or becomes involved
during the term of the Executive’s employment, nor will the Executive engage in any other
activities that conflict with his or her obligations to the Company without the prior written
consent of the Company.
	 
	11.	 	NON-COMPETITION AND NON-SOLICITATION
	 
	 	 	In consideration of the salary paid to the Executive by the Company and subject to applicable
law, the Executive agrees that during the term of the Employment:

	 	(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, in 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 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
that the Executive breaches this Section 11, the Executive acknowledges that there may 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.

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	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 Change of Control Transaction, 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.
	 
	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
or she has not entered into this Agreement in reliance upon any representation, warranty or
undertaking which is not set forth in this Agreement. Any amendment to this Agreement must be
in writing and signed by the Executive and the Company.
	 
	16.	 	GOVERNING LAW; JURISDICTION
	 
	 	 	This Agreement shall be governed by and construed in accordance with the laws of the State of
New York. Each party hereto irrevocably agrees that the courts of the State of New York shall
have jurisdiction to hear and determine any suit, action or proceeding, and to settle any
disputes which may arise out of or in connection with this Agreement and for such purposes
irrevocably submits to the jurisdiction of such courts.
	 
	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

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	 	 	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.
	 
	21.	 	NO INTERPRETATION AGAINST DRAFTER
	 
	 	 	Each party recognizes that this Agreement is a legally binding contract and acknowledges that
it, he or she 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.]

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

	 	 	 	 	 
	 	E-Commerce China Dangdang Inc.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	Executive

	 
	 	Signature:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

8exv10w5

Exhibit 10.5

AMENDED AND RESTATED LOAN AGREEMENT

BY AND BETWEEN

PEGGY YU YU

GUOQING LI

AND

BEIJING DANGDANG INFORMATION TECHNOLOGY CO., LTD.

July 23, 2010

 

TABLE OF CONTENTS

	 	 	 	 	 
	ARTICLE 1: DEFINITION
	 	 	2	 
	 
	ARTICLE 2: ACKNOWLEDGEMENT OF THE CREDITOR’S RIGHTS AND LIABILITIES
	 	 	3	 
	 
	ARTICLE 3: INTEREST FOR THE BORROWINGS
	 	 	3	 
	 
	ARTICLE 4: REPAYMENT OF THE BORROWINGS
	 	 	3	 
	 
	ARTICLE 5: TAXES
	 	 	4	 
	 
	ARTICLE 6: CONFIDENTIALITY
	 	 	4	 
	 
	ARTICLE 7: NOTICE
	 	 	4	 
	 
	ARTICLE 8: DEFAULT LIABILITY
	 	 	5	 
	 
	ARTICLE 9: MISCELLANEOUS
	 	 	5	 

 

AMENDED AND RESTATED LOAN AGREEMENT

THIS AMENDED AND RESTATETD LOAN AGREEMENT (this “Agreement”) is entered into as of the
23rd day of July 2010 by and between the following Parties in Beijing:

	(1)	 	Peggy Yu Yu, a citizen of the People’s Republic of China with her ID No. 110108196505105422;
	 
	 	 	Guoqing Li, a citizen of the People’s Republic of China with his ID No. 110104641001005;
	 
	 	 	together with Peggy Yu Yu being hereinafter collectively referred to as (“Borrower”);
	 
	(2)	 	Beijing Dangdang Information Technology Co., Ltd., a wholly foreign owned enterprise
incorporated and existing under the laws of the PRC, formerly known as Beijing Kewen Shuye
Information Technology Co., Ltd. before August 2008, with its legal address at Room D102C,
Building No.6, Court No.17, Houyongkang Hutong, Dong Cheng District, Beijing, the PRC
(“Dangdang Information” or “Lender”).

(In this Agreement, the above Parties shall hereinafter be referred to as “Party” individually, and
"Parties” collectively.)

WHEREAS:

	(1)	 	Borrower borrowed RMB2,000,000 from Dangdang Information on December14, 2004, for its
register capital contribution of RMB2,000,000 on August 24, 2004, in Beijing Dangdang Kewen
E-commerce Co., Ltd. (a company of limited liabilities incorporated under the laws of the PRC,
with its legal address at Room D102E, Building No.6, Court No.17, Houyongkang Hutong, Dong
Cheng District, Beijing, the PRC hereinafter, “ Dangdang Kewen ”), and entered into a loan
agreement with Lender dated as of the 19th day of June 2006 (hereinafter referred
to as the “Loan Agreement”); for the benefit of the current business and commercial operation
of Lender and of the development of Dangdang Kewen, Lender will make further loans from time
to time to Borrower pursuant to the business development of Dangdang Kewen; Lender has made
loans in an aggregate amount of RMB2,000,000 to Borrower as of the date hereof.

	(2)	 	In order to further specify the rights and obligations of the Parties under the

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	 	 	abovementioned loan arrangements, the Parties agree to amend and restate the Loan Agreement
to read as set forth herein and have hereby reached the following agreement:

ARTICLE 1: DEFINITION

	1.1	 	The following terms in this Agreement shall be interpreted to have the following meanings:
	 
	 	 	“Borrowings” shall mean the RMB loans Lender provided to Borrower as of the date hereof and
further RMB loans made by Lender from time to time to Borrower hereof;
	 
	 	 	“Amounts” shall mean, in respect of the Borrowings, the outstanding amounts;
	 
	 	 	“Borrowing Term” shall have the meaning ascribed thereto in Article 4.2;
	 
	 	 	“China” or “PRC” shall mean the People’s Republic of China, for the purposes of this
Agreement, excluding the Hong Kong Special Administrative Region, the Macao Special
Administrative Region and Taiwan region;
	 
	 	 	“Repayment Notice” shall have the meaning ascribed thereto in Article 4.1;
	 
	1.2	 	In this Agreement, the relevant terms when so used shall be interpreted to have the following
meanings:
	 
	 	 	“Article” shall mean the Articles hereof, unless otherwise specified in the context hereof;
	 
	 	 	“Taxes” shall be interpreted as to include any taxes, fees, duties or other charges of a
similar nature (including but not limited to any penalties and interests imposed in
relation to the unpaid or delayed payment of such Taxes);
	 
	 	 	“Borrower” and “Lender” shall be interpreted as to include the permitted successors
and assigns of the Parties for each of their own interest;
	 
	1.3	 	Except as otherwise stated in the context herein, all references herein to this Agreement or
any other agreements or documents shall be interpreted as to refer to the amendments, changes,
replacements or supplements already made or to be made from time to time, to or of this
Agreement or, as the case may be, such other agreements or documents.
	 
	1.4	 	The titles in this Agreement are inserted for convenience in reading only.

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	1.5	 	Unless otherwise required in the context, words in plural shall include in meaning their
singular forms, and vice versa.

ARTICLE 2: ACKNOWLEDGEMENT OF

THE CREDITOR’S RIGHTS AND LIABILITIES

	2.1	 	Borrower hereby acknowledges that, as of the date hereof, it has received Borrowings from
Lender for a total sum of Renminbi 2 million (RMB2,000,000) which has been contributed in full
by Borrower as the registered capital contribution in an aggregate amount of Renminbi 2
million (RMB2,000,000) in Dangdang Kewen as previously agreed with Lender. The Parties hereby
acknowledge that the Borrowings granted by Dangdang Information comprise monies actually paid
by Dangdang Information and monies paid by third parties designated by Dangdang Information on
behalf thereof. For the benefit of the current business and commercial operation of Dangdang
Information and of the development of Dangdang Kewen, Lender will make loans from time to time
to Borrower;

	2.2	 	The Parties acknowledge that Borrower shall perform its repayment obligations to Lender and
other obligations hereunder in accordance with this Agreement.

ARTICLE 3: INTEREST FOR THE BORROWINGS

	 	 	Lender acknowledges that it shall not charge any interest on the Borrowings.

ARTICLE 4: REPAYMENT OF THE BORROWINGS

	4.1	 	Lender may, at any time during the Borrowing Term (as defined below) by delivery of a
repayment notice (the “Repayment Notice”) to Borrower thirty (30) days in advance, demand at
its absolute discretion Borrower to repay part or all of the Amounts.
	 
	4.2	 	The Borrowing Term for the Borrowings hereunder shall commence from December 14, 2004
and shall continue and last until the date of repayment by Borrower of the Borrowings as
requested by Lender (the “Borrowing Term”). During the Borrowing Term, Borrower may not,
without the prior written consent of Lender, choose to repay the Amounts in advance at any
time; Lender shall have the right to demand, in accordance with Article 4.1 hereof, Borrower
to repay the Amounts in advance.
	 
	4.3	 	Upon expiry of the thirty (30) day period set out in the Repayment Notice, Borrower shall
repay the Amounts in cash, or make such repayments in other forms as decided by the Board of
Directors of Lender by means of duly

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	 	 	adopted Board resolutions in accordance with its Articles of Association and the applicable
laws and regulations.

ARTICLE 5: TAXES

Any and all Taxes in relation to the Borrowings shall be borne by Lender.

ARTICLE 6: CONFIDENTIALITY

	6.1	 	Notwithstanding termination of this Agreement, Borrower shall be obligated to keep in
confidence (i) the execution, performance and contents of this Agreement; (ii) the commercial
secret, proprietary information and customer information in relation to Lender which Borrower
may become aware of or obtain as the result of its execution or performance hereof; and (iii)
the commercial secret, proprietary information and customer information in relation to
Dangdang Kewen which Borrower may become aware of or obtain as the shareholder of Dangdang
Kewen (collectively, “Confidential Information”). Borrower may use such Confidential
Information only for the purpose of performing their respective obligations under this
Agreement. Borrower shall not disclose the above Confidential Information to any third parties
without the written consent of Lender, otherwise they shall bear the default liability and
indemnify the losses.

	6.2	 	Upon termination of this Agreement, Borrower shall, upon demand by Lender, return, destroy or
otherwise dispose of all the documents, materials or software containing the Confidential
Information and suspend using such Confidential Information.

	6.3	 	Notwithstanding any other provisions herein, the validity of this Article shall not be
affected by the suspension or termination of this Agreement.

ARTICLE 7: NOTICE

	7.1	 	Any notice, request, demand and other correspondences made as required by or in accordance
with this Agreement shall be made in writing and delivered to the relevant Party.

	7.2	 	The abovementioned notice or other correspondences shall be deemed to have been delivered
when it is transmitted if transmitted by facsimile or telex; it shall be deemed to have been
delivered when it is delivered if delivered in person; it shall be deemed to have been
delivered five (5) days after posting the same if posted by mail.

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ARTICLE 8: DEFAULT LIABILITY

	8.1	 	Borrower’s breaches of any of the provisions under the equity pledge agreement or the
exclusive call option agreement entered into by Borrower with Lender each as of the
23rd day of December, 2004 or the amended and restated equity pledge agreement or
the amended and restated exclusive call option agreement each entered into as of the date
hereof, shall constitute a default on the part of Borrower. Dangdang Kewen’s breaches of any
of the provisions under the exclusive technology support agreement entered into by Dangdang
Kewen with Lender as of the 25th day of May, 2006 and the amended and restated
exclusive technology support agreement entered into as of the date hereof, shall constitute a
default on the part of Borrower.

	8.2	 	Notwithstanding any other provisions herein, the validity of this Article shall not be
affected by the suspension or termination of this Agreement.

ARTICLE 9: MISCELLANEOUS

	9.1	 	This Agreement shall take effect as of the date of formal execution by the Parties and
supersede the Loan Agreement upon it takes effect.

	9.2	 	This Agreement shall be made in the Chinese version with English translation. In case of
discrepancies between the two versions, the Chinese version shall prevail. This Agreement
shall be executed in two (2) originals with one (1) original each for involved Party.

	9.3	 	The formation, validity, execution, amendment, interpretation and termination of this
Agreement shall be subject to the laws of the PRC.

	9.4	 	Any disputes arising hereunder and in connection herewith shall be settled through
consultations between the Parties, and if the Parties cannot reach an agreement regarding such
disputes within thirty (30) days of their occurrence, such disputes shall be submitted to
China International Economic and Trade Arbitration Commission for arbitration in accordance
with its Arbitration Rules in effect at the time of the arbitration. The arbitration shall be
held in Beijing and the language used will be Chinese. The arbitral award shall be final and
binding upon the Parties.

	9.5	 	Any rights, powers and remedies empowered to any Party by any provisions herein shall not
preclude any other rights, powers and remedies enjoyed by such Party in accordance with laws
and other provisions under this Agreement, and the exercise of its rights, powers and remedies
by a Party shall not preclude its exercise of its other rights, powers and remedies by such
Party.

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	9.6	 	Any failure or delay by a Party in exercising any of its rights, powers and remedies
hereunder or in accordance with laws (the “Party’s Rights”) hall not result in a waiver of
such rights, and the waiver of any single or partial exercise of the Party’s Rights shall not
preclude such Party from exercising such rights in any other way and exercising the remaining
part of the Party’s Rights.

	9.7	 	The titles of the Articles contained herein shall be for reference only, and in no
circumstances shall such titles be used in or affect the interpretation of the provisions
hereof.

	9.8	 	Each provision contained herein shall be severable and independent from each of other
provisions, and if at any time any one or more articles herein become invalid, illegal or
unenforceable, the validity, legality or enforceability of the remaining provisions herein
shall not be affected as a result thereof.

	9.9	 	Any amendments or supplements to this Agreement shall be made in writing and shall take
effect only when properly signed by the Parties to this Agreement.

	9.10	 	Borrower shall not assign any of its rights and/or obligations hereunder to any third parties
without the prior written consent of Lender; Lender shall have the right, after notification
to Borrower, to assign any of its rights and/or obligations hereunder to any third parties at
its designation.

	9.11	 	This Agreement shall be binding on the legal successors of the Parties.

[THE REMAINDER OF THIS PAGE IS ITENTIONALLY LEFT BLANK]

6

 

[EXECUTION PAGE]

IN WITNESS WHEREOF, the Parties or their respective authorized representatives have caused this
Agreement to be executed as of the date and in the place first here above mentioned.

Peggy Yu Yu

/s/ Peggy Yu Yu

 

Guoqing Li

/s/ Guoqing Li

 

Beijing Dangdang Information Technology Co., Ltd. (Company chop)

/s/ Guoqing Li

Name:

Position: Authorized Representative

7

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