Document:

English translation of Software Copyright Transfer Agreement

 Exhibit 10.11 
 Software Copyright Transfer Agreement 
 Between 

PayEase Technology (Beijing) Co., Ltd. 
 (Transferor) 
 And 

Zhiteng Infotech (Shenzhen) Co., Ltd. 
 (Transferee) 
 February 12, 2011 

  
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 Table of Contents 

 

							
			
	1.	  	Transferred Software	  	 	3	  
			
	2.	  	The Transfer	  	 	3	  
			
	3.	  	Closing	  	 	4	  
			
	4.	  	Transfer Consideration and Payment	  	 	4	  
			
	5.	  	Representations, Warranties and Undertakings	  	 	4	  
			
	6.	  	Confidentiality	  	 	6	  
			
	7.	  	Taxes and Expenses	  	 	7	  
			
	8.	  	Breach	  	 	7	  
			
	9.	  	Notice	  	 	7	  
			
	10.	  	Applicable Law and Dispute Resolution	  	 	8	  
			
	11.	  	Miscellaneous	  	 	8	  

  
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 Software Copyright Transfer Agreement 

This Software Copyright Transfer Agreement (this “Agreement”) is entered into in Beijing on February 12, 2011
between the following parties: 
  

	 	(1)	PayEase Technology (Beijing) Co., Ltd. is a Foreign Invested Enterprise duly incorporated and validly existing under the People’s Republic of China
(“PRC”) law, with its registered address at Room 620-626, Building 1, 22 Fuchengmenwai Avenue, Xicheng District, Beijing, and with Zhou Yuexian as its legal representative ( “Party A”); and 

 

	 	(2)	Zhiteng Infotech (Shenzhen) Co., Ltd. is an enterprise wholly-owned by a Hong Kong-Macao-Taiwan legal person duly incorporated and validly existing under
PRC law, with its registered address at Tongjian Building No.1, 17 Floor, B-C1713, Shennan Avenue Central, Futian District, Shenzhen, and with Su Zike as its legal representative (“Party B”). 

(In this Agreement, Party A and Party B are referred to collectively as the “Parties,” and individually as a
“Party”.) 
 Whereas: Party A intends to sell to Party B, and Party B intends to purchase from Party A certain
computer software copyrights set forth in this Agreement; and Party A agrees to transfer to Party B all copyrights of such computer software held by it as set forth in this Agreement. 

Therefore, after friendly negotiation, the Parties have reached the following agreement: 

 

	 	1.	Transferred Software 

 The
Parties hereby confirm the following information of the transferred computer software (including but not limited to its computer program, source code and relevant documents) to be transferred under this Agreement (the “Transferred
Software”): 
 Full name of the software: MilesUp CLP System 

Abbreviation of name of the software: MilesUp CLP System 
 Version: V1.0 
 Registration No.: 2009SR055794 

Registration Certificate No.: Ruan Zhu Deng Zi Di 0182793 Hao 
 Acquisition of the Rights: Transfer 
 Scope of the Right: All Rights 

 

	 	2.	The Transfer 

  

	 	2.1	Under terms and conditions of this Agreement, Party A agrees to transfer to Party B all copyrights of the Transferred Software in all jurisdictions, and Party B accepts
such transfer. 

  

	 	2.2	The Parties hereby agree that, after the execution of this Agreement, Party A shall deliver to Party B the Transferred Software and all related technical information
and data (including but not limited to all source code of the Transferred Software) on the date Party A receives payment in the amount set forth in Exhibit B. 

  
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	 	2.3	From the date Party B is registered as the copyright owner of the Transferred Software, Party B shall be entitled to the copyright of the Transferred Software; Party B
shall therefore become the copyright owner of the Transferred Software, shall enjoy all rights to own, use or dispose of the Transferred Software, and shall be entitled to all benefits arising from the Transferred Software. 

 

	 	2.4	Party A shall transfer to Party B all rights related to the Transferred Software after the execution of this Agreement. 

 

	 	2.5	Party A shall file with the regulatory authority all relevant materials regarding copyright transfer of the Transferred Software within 15 business days following the
date of this Agreement. 

  

	 	3.	Closing 

  

	 	3.1	The Parties agree on the following conditions precedent for the closing of the transaction under this Agreement: 

 

	 	(1)	Party A shall cause its shareholders to sign the shareholder’s resolution set forth in Exhibit A and to agree on the sale of copyright of the Transferred Software
by Party A pursuant to this Agreement; 

  

	 	(2)	Party A shall deliver to Party B the Transferred Software and relevant technical information and data, as required in this Agreement; 

 

	 	(3)	Party A shall assist Party B in its registration as the copyright owner of the Transferred Software, and assist Party B in obtaining Software Product Registration
Certificate for the Transferred Software; 

  

	 	(4)	Party A shall file with all relevant regulatory authorities this Agreement and the transfer set forth therein as required by PRC law; 

 

	 	(5)	Party A shall provide Party B with relevant technical support on the Transferred Software, as Party B requires, so as to meet technical requirements for Party B’s
operation, including but not limited to introducing, operating and testing the technologies involved in the Transferred Software; 

  

	 	(6)	Party A shall deliver to Party B technical qualifications of the Transferred Software set forth in this Agreement. 

 

	 	3.2	The Parties agree to complete the transfer of copyright of the Transferred Software on the closing date (the “Closing Date”). The Closing Date refers
to the latter of (i) the day Party B is registered as the copyright owner on the Computer Software Copyright Registration Certificate and Product Registration Certificate, and (ii) the day the Parties confirm in writing after Party A
satisfies all conditions precedent for the closing under this Agreement. 

  

	 	4.	Transfer Consideration and Payment 

 The Parties agree that the full consideration for the Transferred Software is RMB 500,000.00 (“Transfer Consideration”); and Party B shall pay to Party A the Transfer Consideration,
according to the schedule set forth in Exhibit B of this Agreement. 
  

	 	5.	Representations, Warranties and Undertakings 

  

	 	5.1	Party A represents, warranties and undertakes to Party B: 

  

	 	5.1.1	Party A has all requisite capacity, power and authority (including necessary governmental approval and internal corporate approval) to execute and perform this
Agreement; 

  
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	 	5.1.2	This Agreement constitutes a legally binding obligation of Party A upon its execution of this Agreement; 

 

	 	5.1.3	Party A is the sole legal user, operator and copyright owner of the Transferred Software. Party A has all rights and authority to dispose of the copyright of the
Transferred Software; 

  

	 	5.1.4	There is no mortgage, pledge, guarantee, lien, surety, security interest or encumbrances of any kind on all or part of the copyright of the Transferred Software, there
is no agreement or undertaking that would lead to or give rise to any aforesaid mortgage, pledge, guarantee, lien, surety, security interest or encumbrances of any kind, and there is no person entitled to claim aforesaid mortgage, pledge, guarantee,
lien, surety, security interest or encumbrances of any kind; 

  

	 	5.1.5	Party A is not currently involved in any litigation, arbitration or other legal or administrative proceedings regarding the copyright of the Transferred Software. Party
A is not aware of any litigation, arbitration or other legal or administrative proceedings that would threaten or affect Party A’s performance of its obligations under this Agreement; 

 

	 	5.1.6	The technology, data and information of the Transferred Software does not infringe on the intellectual property of any third party, and there is no pending claim in
connection with the copyright of the Transferred Software; 

  

	 	5.1.7	The relevant technology, data and information of the Transferred Software does not contain logic bomb, virus or other material hidden danger. Party A has established
effective mechanism to prevent illegal attack of the system by other persons or viruses, and has taken effective measures to backup relevant technology and data. 

 

	 	5.1.8	Party A undertakes that its employees shall not develop or upgrade the current version of the Transferred Software. If Party A breaches this clause, any software
copyright arising from such development or upgrade shall belong to Party B; 

  

	 	5.1.9	Party A has properly and timely paid all taxes and expenses related to the Transferred Software and all taxes arising from its ownership and operation thereof, pursuant
to PRC laws, regulations and relevant administrative measures, and therefore there is no outstanding, current, contingent or future tax or other expense obligations on the Transferred Software; 

 

	 	5.1.10	Party A has disclosed to Party B all information known to Party A that is relevant to the Transferred Software, including information that may materially and adversely
affect Party A’s performance of its obligations under this Agreement and information that may substantially affect Party B’s intent to enter into this Agreement upon disclosure. All materials provided by Party A to Party B are complete and
correct and without any material mistake, misrepresentation or misleading statement; 

  

	 	5.1.11	Party A shall use all reasonable efforts to satisfy the conditions precedent to the Closing set forth in Section 3 of this Agreement; 

  
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	 	5.1.12	Party A shall provide Party B with the Transferred Software and all relevant technical information and data (including but not limited to all source code of the
Transferred Software) pursuant to this Agreement; 

  

	 	5.1.13	Party A shall not engage in any activity that contradicts this Agreement or Party A’s obligations or undertakings under this Agreement; 

 

	 	5.1.14	Within the one year following the Closing Date, Party A shall provide, or instruct its employee to provide Party B with free technical support for the Transferred
Software’s use, operation, maintenance, etc. Party A shall also provide Party B with instructions regarding the technology structure, development and operation of the Transferred Software. 

 

	 	5.2	Party B represents, warranties and undertakes to Party A: 

  

	 	5.2.1	Party B has all requisite capacity, power and authority (including necessary governmental approval and internal corporate approval) to execute and perform this
Agreement; 

  

	 	5.2.2	This Agreement constitutes a legally binding obligation of Party B upon its execution of this Agreement; 

 

	 	5.2.3	Party B shall pay to Party A Transfer Consideration pursuant to the terms and conditions of this Agreement. 

 

	 	5.3	Any breach of representations, warranties or undertakings by a Party shall constitute an event of default, and the non-breaching party shall be entitled to request the
breaching party to reasonably rectify such event of default, so as to continue its performance of this Agreement. The non-breaching party shall be entitled to recover its economic losses directly arising from the event of default.

  

	 	6.	Confidentiality 

 6.1
Party A shall keep the technology related to the Transferred Software confidential to any third party, including not to disclose, disseminate or transfer such technology to any third party. However, after the Transferred Software is transferred to
Party B, Party B shall be entitled to authorize a third party (Party A or any other party) to upgrade or develop new versions of the Transferred Software. 
 6.2 The Parties hereby confirm that any oral or written information communicated between the Parties related to this Agreement is confidential. Without the other Party’s written consent, a Party
shall not disclose such information to a third party except for (i) information currently or in the future known to the public (but not information known to the public as a result of disclosure by the Party receiving the information without
permission of the other Party); (ii) information required to be disclosed according to applicable laws, regulations and rules of securities exchange; or (iii) information disclosed by a Party to its legal or financial advisors regarding
the transaction contemplated by this Agreement, provided that such advisors shall be bound to similar confidential obligations as those set forth herein. 

  
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 6.3 Any disclosure by an employee of or an organization hired by a Party shall be deemed
disclosure by such Party, and such Party shall be liable for such breach pursuant to this Agreement. If this Agreement becomes invalid, terminated, or unenforceable, this Article 6.3 shall remain in full force and effect. 

 

	 	7.	Taxes and Expenses 

 7.1
Each Party shall be responsible for the taxes, fees, or expenses incurred by or levied against such Party in connection with the preparation and execution of this Agreement and the transfer and registration of copyrights under this Agreement
pursuant to PRC laws and regulations. 
 7.2 Each Party shall be responsible for other expenses incurred by such Party related to
this Agreement. 
 7.3 The Parties shall share the expenses arising from registering copyright transfer of the Transferred
Software in equal portions. 
  

	 	8.	Breach  

If a Party (the “Breaching Party”) breaches any provision, representation, warranty or undertaking of
this Agreement which causes damage to the other Party (the “Non-breaching Party”), the Non-breaching Party may notify the Breaching Party in writing to demand immediate rectification. If the Breaching Party fails to take action to
the Non-breaching Party’s satisfactory within 15 days from the date of the notice, the Non-breaching Party may seek remedies as set forth in this Agreement or through other legal measures. 

 

	 	9.	Notice 

Any notice or communication to the Parties under this Agreement shall be in writing and sent by courier, mail or facsimile
to the address below or the designated address notified by the relevant Party from time to time, and shall become effective (a) upon delivery if delivered in person; (b) on the seventh day after the date the registered mail(with mailing
fee paid) is posted (as determined by the date of stamp) if delivered by mail and on the fourth day after the mail is posted if delivered by international express mailing service; and (c) at the delivery time on the facsimile confirmation if
delivered by facsimile. 
  

					
		 	Party A:	  	PayEase Technology (Beijing) Co., Ltd.
		 		  	Address:  Building 1, Room 620-626
		 		  	   22 Fuchengmenwai Avenue, Xicheng District, Beijing

		 		  	Zipcode:  100037
		 		  	Attn: Siwen Zhao
			
		 	Party B:	  	Zhiteng Infotech (Shenzhen) Co., Ltd.
		 		  	Address:  Tongjian Building No.1, 17 Floor, B-C1713,
		 		  	   Shennan Avenue Central, Futian District, Shenzhen

		 		  	Zipcode:  518031
		 		  	Attn:  Jiangling Wu

  
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	 	10.	Applicable Law and Dispute Resolution 

 10.1 The formation, effect, performance, interpretation and dispute resolution of this Agreement shall be governed by PRC laws. 
 10.2 Any dispute related to this Agreement or arising from the performance thereof shall be resolved by friendly negotiation between the Parties. 

10.3 If the Parties fail to reach an agreement within 30 days from the date on which one Party proposes to resolve any dispute by
negotiation, either party is entitled to submit the dispute to Beijing Arbitration Commission for arbitration according to the then effective arbitration rules. The arbitration award is final and binding upon the Parties. The Parties hereby consent
to be bound and to perform as required by the arbitration award. During any period of dispute or resolution, the Parties shall continue to perform obligations and exercise rights that are not in dispute under this Agreement. 

 

	 	11.	Miscellaneous 

 11.1 The
headings contained in this Agreement are for reference purpose only and shall not affect in any way the meaning or interpretation of this Agreement. 
 11.2 This Agreement and exhibits attached hereto constitute the entire agreement between the Parties with respect to the subject matter hereof and shall supersede all prior written and oral agreements and
understandings with respect to the subject matter hereof. 
 11.3 This Agreement shall inure to the benefit of and be binding
upon the Parties and the successor, assignee, or licensee of each of the Parties. 
 11.4 Failure to exercise any rights by one
Party shall not be deemed a waiver of such rights or affect the exercise of such rights in any way in the future. 
 11.5 If any
term or provision of this Agreement (the “Invalid Provision”) is determined by a court or arbitrator with appropriate jurisdiction to be invalid, illegal or unenforceable, all other provisions of this Agreement shall nevertheless
remain in full force and effect. The Parties shall negotiate in good faith to modify the Invalid Provision so as to validate the original intent of the Parties as closely as possible in any acceptable manner to the end that transactions contemplated
hereby are fulfilled to the fullest extent. 
 11.6 Matters not included in this Agreement shall be negotiated by the Parties.
Amendment or supplement of this Agreement shall be in writing. Amendment or supplement of this Agreement signed by all Parties shall be deemed part of this Agreement and have the same legal effect as this Agreement. 

11.7 This Agreement shall be executed in 4 copies, one for each party and the other two copies shall be used for the purposes of filing
with relevant government authorities. Each copy shall have the same legal effect. 

  
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 [Signature Page] 

IN WITNESS WHEREOF, the legal representatives or authorized representatives of the Parties hereto have duly executed this Agreement as of
the date set forth in the first page. 
 Party A: PayEase Technology (Beijing) Co., Ltd. 

Signature: /s/ Abraham Jou 
 Name: 
 Title 

(Seal) 
 Party
B: Zhiteng Infotech (Shenzhen) Co., Ltd. 
 Signature: /s/ Zike Su 

Name: 
 Title

 (Seal) 

  
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 Exhibit A 
 PayEase Technology (Beijing) Co., Limited 
 Shareholder Resolution 

This resolution is adopted by the shareholders of PayEase Technology (Beijing) Co., Limited (the “Company”) pursuant to the
Articles of Association of the Company on the shareholders meeting on January 28, 2011. 
 RESOLVED, that the undersigned
shareholders of the Company hereby consent to and approve that the Company shall transfer to Zhiteng Infotech (Shenzhen) Co., Ltd. (“Zhiteng”) the copyright of the following computer software (the “Copyright”): 

Name of Software: MilesUp CLP System 
 Abbreviation of Name of Software: MilesUp CLP System 
 Software Version: V1.0

 Registration Number: 2009SR055794 
 Registration Certificate Number: Ruan Zhu Deng Zi Di 0182793 Hao 
 Nature of
Acquisition of the Rights: Transfer 
 Scope of Rights: All Rights 

RESOLVED that the undersigned shareholders of the Company hereby consent to cause the Company to perform all obligations under the
Software Copyright Transfer Agreement dated February 12, 2011 entered into by the Company and Zhiteng. 
  

			
	Signature/Seal of shareholders:	  	
		
	 ( Seal)
	  	 (Seal)

		
	PayEase Beijing (HK) Limited	  	Beijing PayEase Electronic Business, Ltd.
		
	Holder of 50% of shares of the Company	  	Holder of 30% of shares of the Company
		
	 (Seal)
	  	
		
	Beijing Jinquan International Tourism Co., Ltd	  	
		
	Holder of 20% of shares of the Company	  	

  
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 Exhibit B 
 Payment of Transfer Consideration 
 The Parties of this Agreement hereby confirm
that the Transfer Consideration of this Agreement should be paid according to the following schedule: 
 Party A shall be paid
RMB 500,000.00 within a week from the date of this Agreement. 
 Party A’s account information: 

Bank: 
 Account
Name: 
 Account Number: 

  
 11Form of Confidential Information and Invention Assignment Agreement

 Exhibit 10.12 
 [NAME OF WFOE] 
 CONFIDENTIAL INFORMATION AND

 INVENTION ASSIGNMENT AGREEMENT (PRC EMPLOYEES) 

As a condition of my employment with [NAME OF WFOE] (the “Company” and, together with
all of its direct or indirect parent companies, subsidiaries or subsidiaries of its parent companies, collectively referred to as the “Company Group”) and in consideration of my employment with the Company and my receipt of the
compensation now and hereafter paid to me by the Company, I agree to the following: 
 (1) Confidential
Information. 
 (a) Company Information. I agree at all times during the term of my employment and after
termination, to hold in the strictest confidence, and not to use, except for the benefit of the Company Group, or to disclose to any person, corporation or other entity without written consent of the Company, any Confidential Information. I
understand that “Confidential Information” means any proprietary or confidential information of the Company Group, its affiliates, their clients, customers or their partners, and the Company Group’s licensors, including, without
limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers (including, but not limited to, customers of the Company Group on whom I called or with whom I became acquainted
during the term of my employment), supplier lists and suppliers, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, personnel information, marketing, finances or
other business information disclosed to me by or obtained by me from the Company Group, its affiliates, their clients, customers or their partners, and the Company Group’s licensors either directly or indirectly in writing, orally or by
drawings or observation of parts or equipment. 
 (b) Company Property. I understand that all documents
(including computer records, facsimile and e-mail) and materials created, received or transmitted in connection with my work or using the facilities of the Company Group are property of the Company Group and subject to inspection by the Company
Group, at any time. Upon termination of my employment with the Company (or at any other time when requested by the Company), I will promptly deliver to the Company all documents and materials of any nature pertaining to my work with the Company and
will provide written certification of my compliance with this Agreement. Under no circumstances will I have, following my termination, in my possession any property of the Company Group, or any documents or materials or copies thereof containing any
Confidential Information. In the event of the termination of my employment, I agree to sign and deliver the “Termination Certification” attached hereto as Exhibit B. 

(c) Former Employer Information. I agree that I will not, during my work with the Company, improperly use or disclose any
trade secrets of any other person or entity or proprietary information of any former employer or other person or entity with which I have an agreement or duty to keep in confidence such information and that I will not bring onto the premises of the
Company Group any unpublished document or proprietary information belonging to any such employer, person or entity unless consented to in writing by such employer, person or entity. I agree to indemnify the Company Group and hold it harmless from
all claims, liabilities, damages and expenses, including reasonable attorneys fees and costs for resolving disputes, arising out of or in connection with any violation or claimed violation of a third party’s rights resulting from any use by the
Company Group of such proprietary information or trade secrets improperly used or disclosed by me. 

  
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 (d) Third Party Information. I recognize that the Company Group has received
and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company Group’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. I
agree to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out my work for the Company consistent with the Company
Group’s agreement with such third party. 
 (2) Inventions. 

(a) Inventions Retained and Licensed. I have attached hereto, as Exhibit A, a list describing all inventions, original
works of authorship, developments, improvements, and trade secrets which were made by me prior to my employment with the Company which belong to me, which relate to the Company Group’s proposed or current business, products or research and
development, and which are not assigned to any member of the Company Group hereunder (collectively referred to as “Prior Inventions”); or, if no such list is attached, I represent that there are no such Prior Inventions. I agree
that I will not incorporate any Prior Inventions into any products, processes or machines of the Company Group; provided, however, that if in the course of my employment with the Company, I incorporate into a product, process or
machine of the Company Group a Prior Invention owned by me or in which I have an interest, I represent that I have all necessary rights, powers and authorization to use such Prior Invention in the manner it is used and such use will not infringe any
right of any company, entity or person and, in such a circumstance, each member of the Company Group is hereby granted and shall have a nonexclusive, royalty-free, sublicensable, transferable, irrevocable, perpetual, worldwide license to make, have
made, modify, use, sell and otherwise exploit such Prior Invention as part of or in connection with such product, process or machine. I agree to indemnify the Company Group and hold it harmless from all claims, liabilities, damages and expenses,
including reasonable attorneys fees and costs for resolving disputes, arising out of or in connection with any violation or claimed violation of a third party’s rights resulting from any use, sublicensing, modification, transfer, or sale by the
Company Group of such a Prior Invention. 
 (b) Assignment of Inventions. I agree that I will promptly make full
written disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby assign to the Company, or its designee, all my right, title, and interest in and to any and all inventions, designs, original works of
authorship, processes, formulas, computer software programs, databases, developments, concepts, improvements or trade secrets, whether or not patentable or registrable under patent, copyright or similar laws in the People’s Republic of China
(“PRC”) or anywhere else in the world, which I 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 time I am in the employ of the Company
(whether or not during business hours) that are either related to the scope of my employment with the Company or make use, in any manner, of the resources of the Company Group (collectively referred to as “Inventions”). I
acknowledge that the Company shall be the sole owner of all rights, title and interest in the Inventions created hereunder. In the event the foregoing assignment of Inventions to the Company is ineffective for any reason, each member of the Company
Group is hereby granted and shall have a royalty-free, sublicensable, transferable, irrevocable, perpetual, worldwide license to make, have made, modify, use, sell and otherwise exploit such Inventions as part of or in connection with any product,
process or machine. I also hereby forever waive and agree never to assert any and all rights I may have in or with respect to any Inventions even after termination of my employment with the Company. I further acknowledge that all Inventions created
by me (solely or jointly with others), to the extent permitted by applicable law, are “works made for hire” or “inventions made for hire,” as those terms may be defined in the PRC Copyright Law, the PRC Patent Law and the
Regulations on Computer Software Protection, respectively, and all titles, rights and interests in or to such Inventions are or shall be vested in the Company. 

  
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 (c) Remuneration. I agree that the remuneration received by me pursuant to my
employment agreement with the Company includes any bonuses or remuneration which I may be entitled to under applicable PRC law for any “works made for hire,” “inventions made for hire” or other Inventions assigned to the Company
pursuant to this Agreement. 
 (d) Maintenance of Records. I agree to keep and maintain adequate and current
written records of all Inventions. The records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company. The records will be available to and remain the sole property of the Company at all times.

 (e) Patent and Copyright Registrations. I agree to assist the Company, or its respective designees, at the
expense of the Company, in every proper way to secure the Company’s rights in the Inventions in any and all countries, to further evidence, record and perfect any grant or assignment by me of the Inventions hereunder and to perfect, obtain,
maintain, enforce and defend any rights so granted or assigned, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments and all other
instruments which the Company shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns and nominees the sole and exclusive rights, title and interest in and to such
Inventions. I further agree that my obligation to execute or cause to be executed, when it is in my power to do so, any such instrument or papers shall continue after the termination of this Agreement. If the Company is unable because of my mental
or physical incapacity or for any other reason to secure my signature to apply for or to pursue any application for any patents or copyright registrations covering Inventions or original works of authorship assigned to the Company as set forth
above, then I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute and file any such applications and to do all other
lawfully permitted acts to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by me. 
 (3) Conflicting Employment. I agree that, during the term of my employment with the Company, I will not engage in any other employment, occupation, consulting or other business activity
related to the business in which the Company Group is now involved or becomes involved during the term of my employment, nor will I engage in any other activities that conflict with my obligations to the Company without the prior written consent of
the Company. 

  
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 (4) Non-Competition. 

(a) I agree that, during the term of my employment with the Company and for a period of twelve (12) months immediately following
the termination of my relationship with the Company for any reason, whether with or without good cause or for any or no cause, at the option either of the Company or myself, with or without notice, I will not, without the prior written consent of
the Company, (i) serve as a partner, employee, consultant, officer, director, manager, agent, associate, investor, or otherwise for, (ii) directly or indirectly, own, purchase, organize or take preparatory steps for the organization of,
(iii) build, design, finance, acquire, lease, operate, manage, invest in, work or consult for or otherwise affiliate myself with, any business, in competition with or otherwise similar to the business of the Company Group. The foregoing
covenant shall cover my activities in every part of the Territory in which I may conduct business during the term of such covenant as set forth above. “Territory” shall mean (i) PRC, (ii) Taiwan, (iii) the United States of
America, and (iv) all other countries and territories of the world; provided that, with respect to clauses (iii) and (iv), the Company derives at least ten percent (10%) of its gross revenues from such geographic area prior to the
date of the termination of my relationship with the Company. 
 (b) I acknowledge that I will derive significant value from the
Company’s agreement to provide me with that Confidential Information of the Company Group to enable me to optimize the performance of my duties for the Company. I further acknowledge that my fulfillment of the obligations contained in this
Agreement, including, but not limited to, my obligation neither to disclose nor to use the Confidential Information of the Company Group other than for the Company Group’s exclusive benefit and my obligation not to compete contained in
subsection (a) above, is necessary to protect the Confidential Information of the Company Group and, consequently, to preserve the value and goodwill of the Company Group. I further acknowledge the time, geographic and scope limitations of my
obligations under subsection (a) above are reasonable, especially in light of the Company Group’s desire to protect their Confidential Information, and that I will not be precluded from gainful employment if I am obligated not to compete
with the Company Group during the period and within the Territory as described above. 
 (c) The covenants contained in
subsection (a) above shall be construed as a series of separate covenants, one for each province, city, county and state of any geographic area in the Territory. Except for geographic coverage, each such separate covenant shall be deemed
identical in terms to the covenant contained in subsection (a) above. If, in any arbitration proceeding, the arbitration panel refuses to enforce any of such separate covenants (or any part thereof), then such unenforceable covenant (or such
part) shall be eliminated from this Agreement to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced. In the event the provisions of subsection (a) above are deemed to exceed the time, geographic
or scope limitations permitted by applicable law, then such provisions shall be reformed to the maximum time, geographic or scope limitations, as the case may be, then permitted by such law. 

  
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 (d) I further agree that if the Company chooses to enforce the covenants set forth in this
Section 4 for the twelve (12) month period immediately following the termination of my relationship with the Company, I will be compensated by the Company in the total amount equal to the greater of (i) one month’s salary or
(ii) the minimum amount of compensation required by applicable law (hereinafter referred to as the “Compensation”) upon the termination of my relationship with the Company for complying with such covenants that I make in this
Section 4. The Compensation will be paid by four installments, of which the first installment equal to 1/4 of the total amount of the Compensation will be paid within three months after the relationship is terminated and each of the other three
installments equal to 1/4 of the total amount of the Compensation will be paid per three months thereafter. 
 (5)
Notification of New Employer. In the event that I leave the employ of the Company, I hereby grant consent to notification by the Company to my new employer about my rights and obligations under this Agreement. 

(6) Non-Solicitation. I agree that, during the term of my employment with the Company and for a period of twelve
(12) months immediately following the termination of my relationship with the Company for any reason, whether with or without cause, I shall not either directly or indirectly solicit, induce, recruit or encourage any employees of the Company
Group to leave their employment, or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees of the Company Group and/or any suppliers, customers or consultants of the Company Group, either for myself or for
any other person or entity. 
 (7) Representations. I agree to execute any proper oath or verify any proper
document required to carry out the terms of this Agreement. I represent that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior
to my employment by the Company. I have not entered into, and I agree I will not enter into, any oral or written agreement in conflict herewith. 
 (8) Arbitration. 
 (a) Arbitration. I AGREE THAT ANY
DISPUTE OR CONTROVERSY ARISING OUT OF, RELATING TO, OR CONCERNING ANY INTERPRETATION, CONSTRUCTION, PERFORMANCE OR BREACH OF THIS AGREEMENT, SHALL BE SUBMITTED TO THE CHINA INTERNATIONAL ECONOMIC AND TRADE ARBITRATION COMMISSION
(“CIETAC”) FOR ARBITRATION. THE ARBITRATION SHALL BE CONDUCTED IN BEIJING IN ACCORDANCE WITH THE THEN APPLICABLE ARBITRATION RULES OF CIETAC. IF PERMITTED BY CIETAC, THERE SHALL BE THREE (3) ARBITRATORS. ONE ARBITRATOR SHALL BE
SELECTED BY THE COMPANY; ONE ARBITRATOR SHALL BE SELECTED BY ME; AND THE THIRD ARBITRATOR EITHER SHALL BE ASSIGNED BY CIETAC OR BE MUTUALLY SELECTED BY THE COMPANY AND ME. THE ARBITRATOR(S) MAY GRANT INJUNCTIONS OR OTHER RELIEF IN SUCH DISPUTE OR
CONTROVERSY. THE ARBITRATION AWARD SHALL BE FINAL, CONCLUSIVE AND BINDING ON THE PARTIES TO THE ARBITRATION. FOR THE PURPOSES OF ENFORCEMENT, JUDGMENT MAY BE ENTERED ON THE ARBITRATION AWARD IN ANY COURT HAVING JURISDICTION. THE COMPANY AND I SHALL
EACH PAY ONE-HALF OF THE COSTS AND EXPENSES OF SUCH ARBITRATION, AND EACH OF US SHALL SEPARATELY PAY OUR COUNSEL FEES AND EXPENSES. 

  
 5 

 (9) General Provisions. 

(a) Terms and Conditions of Employment. I acknowledge that the terms and conditions of my employment with the Company are
provided for in a separate employment agreement between me and the Company and no provision of this Agreement shall be construed as conferring upon me a right to be an employee of the Company. 

(b) Governing Law. This Agreement will be governed by the laws of the PRC. 

(c) Entire Agreement. This Agreement sets forth the entire agreement and understanding between the Company and me relating
to the subject matter herein and merges all prior discussions between us. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed by the party to be charged.
Any subsequent change or changes in my duties, salary or compensation will not affect the validity or scope of this Agreement. 

(d) Waiver and Severability. The waiver of a breach of any provision of this Agreement shall not operate or be construed
as a waiver of any other or subsequent breach. If any provision of this Agreement is held to be invalid, void or unenforceable, the remaining provisions shall nevertheless continue in full force and effect without being impaired or invalidated in
any way. 
 (e) Successors and Assigns. This Agreement will be binding upon my heirs, executors, administrators
and other legal representatives and will be for the benefit of the Company Group, its successors, and its assigns. The Company may assign its rights and obligations under this Agreement to a third party. 

(f) Language. This Agreement may be written in the Chinese language and in the English language. In the event there is any
conflict or inconsistency between the English version and the Chinese version of this Agreement, the English version shall prevail. 
 (g) Application of this Agreement. I hereby agree that my obligations set forth in Sections 1 and 2 under this Agreement and the definitions of “Confidential Information” and
“Inventions” contained therein shall be equally applicable to any work performed by me, and any Confidential Information and Inventions relating thereto, for the Company prior to the execution of this Agreement. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 6 

 This Confidential Information and Invention Assignment Agreement is made effective as of the
date on which I began my employment with the Company. 
  

	
	  

	Signature
	
	  

	Employee Name (typed or printed)
	
	  

	Date
	
	  

	Signature
	
	  

	Company Representative (typed or printed)
	
	  

	Date

  

	
	  

	Signature
	
	  

	Witness Name (typed or printed)
	
	  

	Date

 SIGNATURE PAGE TO CONFIDENTIAL INFORMATION AND 

INVENTION ASSIGNMENT AGREEMENT (PRC EMPLOYEES) 

  
 7 

 EXHIBIT A 
 LIST OF PRIOR INVENTIONS 
  

					
	 Title
	 	 Date
	 	 Identifying Number
or Brief Description

		 		 	
		 		 	
		 		 	

              No inventions or improvements 

             Additional Sheets Attached 

Signature of Employee:
                                         
    
 Print Name of Employee:
                                         
  
 Date:
                     

  
 8 

 EXHIBIT B 
 [NAME OF WFOE] 
 TERMINATION CERTIFICATION

 This is to certify that I do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports,
proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, equipment, other documents or property, or reproductions of any aforementioned items belonging to [NAME OF
WFOE] (the “Company”), its subsidiaries, parent companies, affiliates, successors or assigns (together, the “Company Group”). 
 I further certify that I have complied with all the terms of the Company’s Confidential Information and Invention Assignment Agreement signed by me, including the reporting of any inventions and
original works of authorship (as defined therein), conceived or made by me (solely or jointly with others) covered by that agreement. 
 I
further agree that, in compliance with the Confidential Information and Invention Assignment Agreement, I will preserve as confidential all trade secrets, confidential knowledge, data or other proprietary information relating to products, processes,
know-how, designs, formulas, developmental or experimental work, computer programs, databases, other original works of authorship, customer lists, business plans, financial information or other subject matter pertaining to any business of the
Company Group, its affiliates or any of their employees, clients, consultants or licensees. 
 I further agree that for twelve (12) months
from this date, I will not hire any employees of the Company Group and I will not solicit, induce, recruit or encourage any of the Company Group’s employees to leave their employment. 

 

			
	Date:	 	  

  

	
	  

	(Employee’s Signature)
	
	  

	(Type/Print Employee’s Name)

  
 9

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