Document:

Exhibit 4.33

 

Confidential

 

	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
EXCLUSIVE TECHNOLOGY LICENSE

AND  SERVICES   AGREEMENT
    	
 
    
	
 
    	
 
    	
 
    

 

By and between

 

BEIJING AIZHENXIN INFORMATION TECHNOLOGY CO., LTD.

 

And

 

BEIJING MIYUAN INFORMATION TECHNOLOGY CO., LTD.

 

August 13, 2012

 

 

EXCLUSIVE TECHNOLOGY LICENSE AND SERVICES AGREEMENT

 

This EXCLUSIVE TECHNOLOGY LICENSE AND SERVICES AGREEMENT (this “Agreement”) is made on August 13, 2012 in Beijing, the People’s Republic of China (“China” or “PRC”) by and between the following parties:

 

(A)                               BEIJING AIZHENXIN  INFORMATION  TECHNOLOGY CO., LTD. (“Party A”)

 

Registered address: Room 302, Building No. 3, 6 Yangfangdian Road, Haidian District, Beijing

 

Legal representative: Yu ZHANG

 

(B)                           BEIJING MIYUAN INFORMATION TECHNOLOGY CO., LTD. (“Party B”)

 

Registered address: Room 408-409, Level 4, 39 Anding Road, Chaoyang District, Beijing

 

Legal representative: Haiyan GONG

 

(For the purpose of this Agreement, Party A and Party B are hereinafter collectively referred to as the “Parties” and individually as a “Party”.)

 

RECITALS

 

WHEREAS, Party A is a limited liability company registered and established in Beijing, China and duly existing which has a core business in providing internet information  services;

 

WHEREAS, Party B is a wholly foreign-owned limited liability company registered and established in Beijing, China and duly existing which has core businesses in computer software development, design and production, internet technology development and design, technical consulting services and sale of self-produced products;

 

WHEREAS, Party A requires Party B to provide software licenses and related services to Party A’s Business (as defined below) and Party B agrees to provide such licenses and services.

 

Upon friendly negotiations, the Parties hereby agree as follows:

 

ARTICLE I. DEFINITIONS

 

1.1                               Unless the terms or context hereunder otherwise requires, in this Agreement the following terms shall have the meanings given below:

 

	
“Annual Business   Plan”
    	
 
    	
means Party A’s   business development plan and budget report for the next calendar year   computed before November 30 each year by Party A pursuant to the terms   hereunder with the assistance of Party B.
    

 

 

	
“Business-related   Technology”
    	
 
    	
means any and all   software and technology related to Party A’s Business that have been   developed by Party A based on the Services provided by Party B under the   terms hereunder.
    
	
 
    	
 
    	
 
    
	
“Client   Information”
    	
 
    	
has the meaning   set forth in Article 6.1 hereof.
    
	
 
    	
 
    	
 
    
	
“Confidential   Information”
    	
 
    	
has the meaning   set forth in Article 6.2 hereof.
    
	
 
    	
 
    	
 
    
	
“Defaulting Party”
    	
 
    	
has the meaning   set forth in Article 11.1 hereof.
    
	
 
    	
 
    	
 
    
	
“Default”
    	
 
    	
has the meaning   set forth in Article 11.1 hereof.
    
	
 
    	
 
    	
 
    
	
“Equipment”
    	
 
    	
means any and all   equipment either owned or bought by Party B from time to time used for the   purpose of providing Services.
    
	
 
    	
 
    	
 
    
	
“Non-defaulting   Party”
    	
 
    	
has the meaning   set forth in Article 11.1 hereof.
    
	
 
    	
 
    	
 
    
	
“Party A’s   Business”
    	
 
    	
means all internet   information service business operated and developed by Party A during the   term of this Agreement.
    
	
 
    	
 
    	
 
    
	
“Receiving Party”
    	
 
    	
has the meaning   set forth in Article 6.2 hereof.
    
	
 
    	
 
    	
 
    
	
“Such Rights”
    	
 
    	
has the meaning   set forth in Article 13.5 hereof.
    
	
 
    	
 
    	
 
    
	
“Services”
    	
 
    	
mean   software licenses, technical support and other services related to Party A’s   Business exclusively provided by Party B for Party A, including a   comprehensive solution to Party A’s information technology system, its   implementation, and the operational maintenance service of Party A’s   information technology system and website, such services include, without   limitation, the following:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(1)                                 granting licenses to Party A to use the   relevant software to serve Party A’s Business needs;  
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(2)                                 providing Party A with the right to use   the computers and internet hardware equipments to serve Party A’s Business   needs;  
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(3)                                 providing Party A with a comprehensive   information-technology-related solution to serve Party A’s Business needs;  
    

 

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(4)                                 providing daily management, maintenances   and upgrades to hardware equipments and databases;  
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(5)                                 developing, maintaining and upgrading   relevant application software;  
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(6)                                 providing trainings to Party A’s personnel   so as to turn them into technical experts;  
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(7)                                 assisting Party A with the collection and   research of relevant technical information;  
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(8)                                 providing other related technical services   and consultations as requested by Party A from time to time.
    
	
 
    	
 
    	
 
    
	
“Service Fee”
    	
 
    	
means all fees   payable by Party A to Party B for software licenses and other services   provided by Party B pursuant to Article 3 hereof.
    

 

1.2                               References to any laws and regulations in this Agreement (the “Laws”) shall be deemed to include:

 

(1)                                 any amendments, changes, extensions and reenactment pertaining to such Laws, whether the effective dates of which are prior to or after the date of this Agreement; and

 

(2)                                 any other decisions, notices and regulations promulgated in accordance with or taking effect as a result of such Laws.

 

1.3                               Unless otherwise provided in the context hereof, references to the articles, clauses, items and paragraphs in this Agreement shall mean the corresponding articles, clauses, items and paragraphs of this Agreement.

 

ARTICLE II. SERVICES

 

2.1                               Party A requires Party B to provide Services in furtherance of Party A’s Business, and Party B agrees to provide Party A with such Services. For this purpose, Party A appoints Party B to be its exclusive software and technical service provider, and Party B accepts such appointment.

 

2.2                               Party B shall provide Services to Party A pursuant to the terms hereunder, and Party A shall endeavor to facilitate Party B’s Services.

 

ARTICLE III. SERVICE FEES

 

3.1                               Party A agrees to pay Party B Service Fees pursuant to Article 3.2 for the Services provided by Party B pursuant to Article 2, including the following components:

 

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(1)                                 Performance service fee equivalent to a certain percentage of Party A’s total annual income. The exact percentage is to be determined and negotiated by the Parties;

 

(2)                                 Equipment depreciation for the equipments actually used by Party A. The amount of such depreciation shall be derived by taking the value of equipments actually used by Party A as determined by the Parties each year and divide it by the depreciable lives of those equipments.

 

3.2                               The Parties agree that the Service Fees shall be paid in the following manner:

 

(1)                                 Party A shall pay the performance service fee and equipment depreciation to Party B on a monthly basis. Party A shall pay the performance service fee as stipulated in Article 3.1(1) and the equipment depreciation as stipulated in Article 3.1(2) of the immediately preceding month prior to the tenth (10th) business day of each month.

 

(2)                                 After the conclusion of each accounting year of Party A, the Parties shall conduct a comprehensive review of the actual performance service fees payable by Party A pursuant to the total business income of the immediately preceding year as determined in an audit report prepared by a PRC registered accounting firm agreed by the Parties. Corresponding adjustments (the provision of extra payment to make up any shortfalls or the return of excess paid, as the case may be) shall be made within fifteen (15) business days after the provision of the audit report. Party A warrants to Party B to provide all necessary materials and assistance to the relevant PRC registered accounting firm, and to procure its completion and submission of an audit report related to the immediately preceding year within thirty (30) business days after the conclusion of each year.

 

3.3                               Party A shall transfer all Service Fees to a bank account designated by Party B in a timely manner. Party B shall provide Party A with a seven (7) business days’ prior written notice if Party B wishes to change such bank account.

 

3.4                               The Parties shall enter into an ancillary agreement (in the form set forth in Exhibit I) each year after mutual consultation to determine the exact amount of performance service fee as stipulated in Article 3.1(1) and the exact amount of equipment depreciation as stipulated in Article 3.1(2) payable by Party A to Party B.

 

ARTICLE IV. PARTY A’S OBLIGATIONS

 

4.1                               The Services provided by Party B shall be exclusive and during the term of this Agreement, Party A shall not enter into any agreement with any third party for the purpose of engaging such third party to provide Party A with the same or similar Services of Party B without the prior written consent of Party B.

 

4.2                              Party A shall provide Party B with a finalized Annual Business Plan of Party A for next year prior to November 30 every year to enable Party B to make its corresponding service plan to develop and replenish the necessary software,

 

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equipments and technical service force. If Party A requires Party B to acquire new equipments not contemplated in the Annual Business Plan, Party A shall consult Party B fifteen (15) days prior to such request and reach a mutual agreement.

 

4.3                               To enable Party B’s provision of the Services, Party A shall provide relevant materials requested by Party B accurately and in a timely manner.

 

4.4                               Party A shall make full payment of the Service Fees to Party B pursuant to Article 3 and in a timely manner.

 

4.5                               Party A shall maintain its own good standing, actively expand its business and endeavor to maximize its profit.

 

ARTICLE V. INTELLECTUAL PROPERTY RIGHTS

 

5.1                               The intellectual property rights in a work product created during the provision of Services by Party B shall belong to Party B.

 

5.2                               Since Party A relies on the Services provided by Party B hereunder in Party A’s business operation, regarding the Business-related Technology developed by Party A based on such Services (the “Business-related Technology”), Party A agrees to the following arrangement:

 

(1)                                 If the Business-related Technology is further developed and created by Party A under the authorization of Party B, or by the joint effort of the Parties, the ownership and related patent application right shall both belong to Party B.

 

(2)                                 If the Business-related Technology is further developed and created by Party A independently, its ownership shall belong to Party A, provided that (A) Party A shall provide details of such Business-related Technology to Party B in a timely manner and provide Party B with relevant materials at the request of Party B; (B) if Party A intends to grant a license for or transfer such Business-related Technology, Party A shall grant a preferential right of transfer or an exclusive license to Party B of such Business-related Technology  with a particular scope and Party B may use such Business-related Technology within such particular scope of the transfer or license (Party B shall have the right to decide whether to accept such transfer or license) provided that such action would not result in the contravention of any mandatory PRC laws; Party A may only transfer the ownership of such Business-related Technology or grant a license to use such Business-related Technology to third parties on terms not more favorable than the terms offered to Party B (including but not limited to the transfer price or license fee) if Party B gives up its preferential right to purchase or exclusive license. Party A shall also guarantee the third party’s full compliance and performance of the duties and obligations that shall be complied with or performed by Party A hereunder; (C) apart from the situation described in (B) above, Party B shall have the right to make an offer to purchase such Business-related Technology during the time period prescribed in Article 8.1; in which case Party A shall accept such request and the

 

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purchase price shall be Renminbi one yuan (RMB1.00) or such other minimum price as permitted under the laws then in effect, provided that such action would not result in the contravention of any mandatory PRC laws.

 

5.3                               If Party B is granted an exclusive license to use such Business-related Technology pursuant to Article 5.2(2), such license may be used in the following manner:

 

(1)                                 The period of the license shall not be less than five (5) years (computed from the effective date of the relevant license);

 

(2)                                 The scope of use under the license shall be the largest possible scope;

 

(3)                                 Except for Party B, any other party (including Party A) shall not use or allow others to use such Business-related Technology in any manners during the license period and within the licensed territory;

 

(4)                                 Upon the expiration of the license, Party B shall have the right to request to enter into a renewal of the license agreement and Party A shall agree to such request and in that case the terms of the license agreement shall remain the same except for amendments agreed to by Party B.

 

5.4                               Notwithstanding the provisions in Article 5.2(2), the patent application to any Business-related Technology referred thereto shall be made in accordance with the following:

 

(1)                                 If Party A intends to make a patent application for any Business-related Technology, it shall obtain the prior written consent of Party B.

 

(2)                                 Party A may only make an independent patent application or transfer the patent application right to third parties if Party B gives up its right to purchase the patent application right pertaining to the Business-related Technology. When Party A transfers the aforesaid patent application right to a third party, Party A shall guarantee the third party’s full compliance and performance of the duties and obligations that shall be complied with or performed by Party A hereunder; further, the terms of the patent application right transfer (including but not limited to the transfer price) offered to the third party shall not be more favorable than the terms offered to Party B in accordance with Article 5.4(3) below.

 

(3)                                 During the term of this Agreement, Party B shall have the right to request Party A to make a patent application for such Business-related Technology at any time, and decide at its own discretion whether to purchase such application right. Upon Party B’s request, Party A shall transfer such patent application right to Party B, and the purchase price shall be Renminbi one yuan (RMB1.00) or such other minimum price as permitted under the laws then in effect, provided that such action would not result in the contravention of any mandatory PRC laws; after Party B acquires the patent application right pertaining to such Business-related Technology, it shall become the legal owner of such patent once a patent application is made and a patent is granted.

 

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5.5                               Each Party warrants to the other Party that it shall compensate the other Party for any and all economic losses caused to the other Party as a result of its infringement of intellectual property rights (including copyrights, trademarks, patents, know-how) of others.

 

ARTICLE VI. CONFIDENTIALITY

 

6.1                               During the term of this Agreement, all client information and other related materials (the “Client Information”) related to Party A’s Business or the Services provided by Party B shall be jointly owned by the Parties.

 

6.2                               Whether this Agreement is terminated or not, any Party shall keep the other Party’s trade secrets, proprietary information, jointly-owned Client Information and other related materials known to the Party as a result of performance of this Agreement, and any non-public information of the other Party (collectively the “Confidential Information”) strictly confidential. The Party receiving any Confidential Information (the “Receiving Party”) shall not disclose such Confidential Information or any part thereof to any third party except with the prior written consent of the other Party or the disclosure to third parties are required by applicable laws, regulations or listing rules.  Except for purpose of performing this Agreement, the Receiving Party shall not use or indirectly use the Confidential Information or any part thereof.

 

6.3                               The following information do not form part of the Confidential Information:

 

(a)                                 Any information previously known to the Receiving Party, as shown by written evidence;

 

(b)                                 Information that has entered into public domain through no wrongful act of the Receiving Party or information that has otherwise become publicly known; or

 

(c)                                  Information that has been acquired by the Receiving Party via other lawful means.

 

6.4                               The Receiving Party may disclose such Confidential Information to its employees, agents or experts appointed, provided that the Receiving Party shall guarantee the above persons are also subject to the obligations of this Agreement and keep confidential the Confidential Information, and only use such Confidential Information for the purpose of performing this Agreement.

 

ARTICLE VII. UNDERTAKINGS AND WARRANTIES

 

7.1                   Party A hereby represents, warrants and undertakes as follows:

 

7.1.1                     It is a limited liability company duly registered and existing under the laws applicable at the place of registration with independent legal person status; it has full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and may act as a party to litigation independently.

 

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7.1.2                     It has the full internal corporate power and authorization to execute and deliver this Agreement and all other documents relevant to the contemplated transaction hereunder to be executed by it, and to consummate the contemplated transaction hereunder. This Agreement shall be legally and duly executed and delivered by it.  This Agreement shall constitute  its legal and binding obligations enforceable  against it  pursuant  to this Agreement.

 

7.1.3                     It shall promptly apply for the complete business licenses required for its businesses to ensure the full right and qualification to operate in the business of internet information service in China, and in Party A’s other businesses currently in operation.

 

7.1.4                     Within fifteen (15) business days after the conclusion of each quarter, it shall provide Party B with a quarterly financial statement of that quarter and a budget for the next quarter. Within thirty (30) business days after the conclusion of each year, it shall also provide Party B with a financial statement of that year and a budget for next year.

 

7.1.5                     It shall inform Party B of any legal proceedings to which it is a party or the occurrence of other adverse events and use its best endeavor to prevent the spread of losses.

 

7.1.6                     Party A shall not dispose of Party A’s material assets nor alter Party A’s current shareholding structure in any manners without the written consent of Party B.

 

7.2                   Party B hereby represents and warrants as follows:

 

7.2.1                     It is a limited liability company duly registered and existing under the laws applicable at the place of registration with independent legal person status; it has full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and may act as a party to litigation independently.

 

7.2.2                     It has the full internal corporate power and authorization to execute and deliver this Agreement and all other documents relevant to the contemplated transaction hereunder to be executed by it, and to consummate the contemplated transaction hereunder. This Agreement shall be legally and duly executed and delivered by it.  This Agreement shall constitute  its legal and binding obligations enforceable  against it  pursuant  to this Agreement.

 

ARTICLE VIII. TERM OF THE AGREEMENT

 

8.1                   The Parties hereby acknowledge that this Agreement shall become effective upon the execution by the Parties and shall be valid until the tenth (10th) anniversary of the date hereof, unless terminated earlier pursuant to the Parties’ written agreement. Prior to the expiry of this Agreement, if any Party requests for an extension of this Agreement, the Parties shall conduct negotiation in good faith. If a mutual agreement is reached, the Parties shall enter into a separate Exclusive Technology License and Services Agreement in accordance with the

 

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agreed terms; otherwise the term of this Agreement shall be automatically extended for ten years and the Parties shall continue with the performance of this Agreement.

 

8.2                   After the termination of this Agreement, each Party shall continue to comply with its obligations under Article III and Article VI.

 

ARTICLE IX. INDEMNITY

 

Party A shall indemnify and hold harmless Party B all losses incurred or may be incurred as a result of the Services provided by Party B, including without limitation, any losses caused by lawsuits, demands, arbitrations, claims initiated by any third parties or administrative investigations initiated and penalties imposed by government agencies. If such losses are due to Party B’s deliberate action or gross negligence, such losses shall be excluded from such indemnity.

 

ARTICLE X. NOTICES

 

10.1            All notices, requests, demands and other correspondences required by or in accordance with this Agreement shall be delivered to the relevant Party in writing.

 

10.2            The above notices or other correspondences shall be deemed to be properly delivered upon sending when delivered through fax or telegraph, upon delivered in person when personally delivered, or at the fifth (5th) day of mailing if sent by mail.

 

ARTICLE XI. DEFAULT LIABILITIES

 

11.1            The Parties agree and acknowledge that, in the event that a Party (the “Defaulting Party”) substantially violates any of the agreements hereunder or fails to perform any of its obligations hereunder substantially, it shall constitute a default under this Agreement (the “Default”).  The non-defaulting party (the “Non-defaulting Party”) shall be entitled to request the Defaulting Party to rectify the Default or take remedial measures within a reasonable period.  In the event that the Defaulting Party fails to rectify the Default or take remedial measures within a reasonable period or within ten (10) days after a written notice sent by the Non-defaulting Party to the Defaulting Party requesting for the rectification, and if the Defaulting Party is Party A, the Non-defaulting Party shall be entitled to determine, at its sole discretion, to: (1) terminate this Agreement and request the Defaulting Party to indemnify all losses incurred by the Non-defaulting Party, or (2) request the Defaulting Party to continue to perform its obligations hereunder and indemnify all losses incurred by the Non-defaulting Party; if the Defaulting Party is Party B, the Non-defaulting Party shall be entitled to request the Defaulting Party to continue to perform its obligations hereunder and to indemnify all losses incurred by the Non-defaulting Party.

 

11.2            The Parties agree and acknowledge that Party A shall not request to terminate this Agreement for any reasons under any circumstances, except otherwise required under the law or under this Agreement.

 

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11.3            Notwithstanding any other provisions hereunder, this Article XI shall survive the suspension or termination of this Agreement.

 

ARTICLE XII. FORCE MAJEURE

 

If any Party fails to or delays in the performance of its obligations hereunder due to an earthquake, typhoon, flood, fire, war, computer viruses, design loopholes in instrumental software, internet hacking, a change in policy or law, or other events of force majeure that are unpredictable or unavoidable, the Party claiming the force majeure event shall immediate send notification of the event to the other Party by facsimile, and provide detailed information of the force majeure event, and the reasons and evidencing documents for the failure or delay in the performance of its obligations hereunder to the other Party within thirty (30) days by facsimile. The evidencing documents shall be issued by the notarial organ of the place where the force majeure event occurs.  The Parties shall negotiate as to whether the performances hereunder shall be exempted in part or postponed based on the implications of such event of force majeure. No Party shall be liable for the economic losses caused to the other Party due to events of force majeure.

 

ARTICLE XIII. MISCELLANEOUS

 

13.1                        This Agreement shall be signed in two (2) originals in Chinese.  Each original shall have equal legal force, and each Party shall retain one (1) original of this Agreement.

 

13.2                        The conclusion, validity, performance, amendment, interpretation and termination of this Agreement shall be governed by the laws of the People’s Republic of China.

 

13.3                        Any dispute arising out of or relating to this Agreement  shall be settled by the disputing Parties through consultation. In case the disputing Parties fail to reach an agreement within thirty (30) days of the dispute, such dispute shall be submitted to China International Economic and Trade Arbitration Commission (“CIETAC”)  for arbitration in Beijing in accordance with the arbitration rules of CIETAC then in effect.  The arbitration award shall be final and binding upon the disputing Parties.

 

13.4                        Any right, power and remedy granted to a Party under any provision of this Agreement shall not preclude any other right, power or remedy such Party is entitled to under any laws or regulations or any other provision of this Agreement.  The exercise of its right, power and remedy by a Party shall not preclude the exercise of any other right, power and remedy that such Party is entitled to.

 

13.5                        Any Party’s failure or delay in exercising any of its right, power and remedy (“Such Rights”) under this Agreement or laws shall not result in a waiver of Such Rights, nor shall any single or partial waiver of any Such Right preclude any exercise of Such Right in other manner or the exercise of any other Such Rights by such Party.

 

13.6                       The headings in this Agreement shall be for reference purpose only and shall not be used for or affect the construction of the Agreement in any event.

 

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13.7                        This Agreement shall constitute the entire agreement between the Parties hereto and shall supersede any previous written or oral agreements between the Parties related to the matters governed in this Agreement.

 

13.8                        Each provision of this Agreement shall be severable and independent of each of the other provision.  In the event that one or several provisions of this Agreement become invalid, illegal or unenforceable at any time, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected.

 

13.9                        Any amendment or supplement to this Agreement shall be made in writing, and shall take effect after duly executed by the Parties.

 

13.10                 No Party shall transfer any of its rights and/or obligations hereunder to any third party without the prior written consent of the other Party.

 

13.11                 This Agreement shall be binding upon the legal successor of each Party.

 

13.12                 Each Party undertakes to report and make its tax payment associated with the related transactions contemplated in this Agreement in accordance with the laws.

 

[Remainder of this page is intentionally left blank]

 

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[Signature Page]

 

IN WITNESS WHEREOF,  this Exclusive Technology License and Services  Agreement has been duly executed by the Parties  as of the date and at the place first above written.

 

	
PARTY A:
    
	
 
    
	
BEIJING AIZHENXIN INFORMATION TECHNOLOGY CO., LTD.
    
	
 
    	
 
    
	
(Company Seal) [seal: Beijing Aizhenxin Information Technology   Co., Ltd.]
    
	
 
    	
 
    
	
Signature:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
 
    
	
 
    	
 
    
	
Title:   Authorized Representative
    	
 
    
	
 
    	
 
    
	
PARTY B:
    	
 
    
	
 
    	
 
    
	
BEIJING  MIYUAN   INFORMATION TECHNOLOGY CO., LTD.
    
	
 
    	
 
    
	
(Company Seal) [seal: Beijing Miyuan Information Technology   Co., Ltd.]
    
	
 
    	
 
    
	
Signature:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
 
    
	
 
    	
 
    
	
Title:   Authorized Representative
    	
 
    

 

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Exhibit I:

 

Form of Supplementary Agreement

 

THIS SUPPLEMENTARY AGREEMENT TO EXCLUSIVE TECHNOLOGY LICENSES AND SERVICE AGREEMENT (this “Supplementary  Agreement”) is made on                in               , the People’s Republic of China (“China” or “PRC”) by and between the following Parties:

 

(A)                               BEIJING AIZHENXIN  INFORMATION  TECHNOLOGY CO., LTD. (“Party A”)

 

Registered address: Room 302, Building No. 3, 6 Yangfangdian Road, Haidian District, Beijing

 

Legal representative: Yu ZHANG

 

(B)                               BEIJING MIYUAN INFORMATION TECHNOLOGY CO., LTD. (“Party B”)

 

Registered address: Room 408-409, Level 4, 39 Anding Road, Chaoyang District, Beijing

 

Legal representative: Haiyan GONG

 

(For the purpose of this Supplementary Agreement, Party A and Party B are hereinafter collectively referred to as the “Parties” and individually as a “Party”.)

 

Pursuant to the Exclusive Technology License and Services Agreement entered into by the Parties on                     , 2012, the Parties hereby agree to execute a supplementary agreement as follows:

 

For the year of               , Party A shall make monthly payment of the following Service Fees to Party B pursuant to Article 3.2(1) of the Exclusive Technology License and Services Agreement:

 

(1)                                 Performance service fee equivalent to             % of Party A’s total income of the current month;

 

(2)                                 Equipment depreciation in the amount of RMB            .

 

After the conclusion of the year of                and pursuant to the adjustment made in accordance with Article 3.2(2) of the Exclusive Technology License and Services Agreement, for the year of               , the total amount of Service Fees payable by Party A to Party B shall not be less than               % of the total income of that year.

 

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Party A:
    	
 
    	
Party B:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
BEIJING   AIZHENXININFORMATION TECHNOLOGY CO., LTD.
    	
 
    	
BEIJING  MIYUAN INFORMATION TECHNOLOGY   CO., LTD.
    
	
 
    	
 
    	
 
    
	
(Company Seal)
    	
 
    	
(Company Seal)
    
	
 
    	
 
    	
 
    
	
Signature:
    	
 
    	
 
    	
Signature:
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Name:
    	
 
    	
Name:
    
	
 
    	
 
    	
 
    
	
Title:   Authorized Representative
    	
 
    	
Title:   Authorized Representative
    

 

14Exhibit 4.34

 

Confidential

 

	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
EXCLUSIVE   PURCHASE OPTION AGREEMENT
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Regarding
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BEIJING   AIZHENXIN INFORMATION TECHNOLOGY CO., LTD.
    	
 
    
	
 
    	
 
    	
 
    

 

By and among

 

TAO LU

 

HUI SONG

 

YU ZHANG

 

BEIJING MIYUAN INFORMATION TECHNOLOGY CO., LTD.

 

And

 

BEIJING AIZHENXIN INFORMATION TECHNOLOGY CO., LTD.

 

August 13, 2012

 

 

EXCLUSIVE PURCHASE OPTION AGREEMENT

 

This EXCLUSIVE PURCHASE OPTION AGREEMENT (this “Agreement”) is made on August 13, 2012 in Beijing, the People’s Republic of China (“China” or “PRC”) by and among the following parties:

 

1.                                      TAO LU, a citizen of China (Chinese ID No.: 110106197104281814);

 

2.                                      HUI SONG, a citizen of China (Chinese ID No.: 110103197906080933);

 

3.                                      YU ZHANG, a citizen of China (Chinese ID No.: 210702197409260679);

 

(The above individuals are hereinafter individually and collectively referred to as the “Existing Shareholder(s)”.)

 

4.                                      BEIJING MIYUAN INFORMATION TECHNOLOGY CO., LTD. (“Beijing Miyuan”)

 

Registered address: Room 408-409, Level 4, 39 Anding Road, Chaoyang District, Beijing;

 

5.                                      BEIJING AIZHENXIN INFORMATION TECHNOLOGY CO., LTD. (“Beijing Aizhenxin”)

 

Registered address: Room 302, Building No. 3, 6 Yangfangdian Road, Haidian District, Beijing.

 

(For the purpose of this Agreement, the above parties are hereinafter individually referred to as a “Party” and collectively as the “Parties”.)

 

WHEREAS:

 

(1)                                 The Existing Shareholders are the registered shareholders of Beijing Aizhenxin and legally hold all the equity interests in Beijing Aizhenxin, whose capital contribution and shareholding percentages in Beijing Aizhenxin as of the date hereof are set forth in Exhibit I.

 

(2)                                 The Existing Shareholders intend to transfer all of their respective equity interests in Beijing Aizhenxin to Beijing Miyuan and/or any other entity or individual designated by Beijing Miyuan and Beijing Miyuan intends to accept such transfer, subject to PRC Laws.

 

(3)                                 In order to realize the above equity transfer, the Existing Shareholders agree to jointly grant Beijing Miyuan an exclusive and irrevocable option to purchase the equity interest (the “Purchase Option”), pursuant to which, the Existing Shareholders shall, upon Beijing Miyuan’s request, transfer the Option Equity Interests (as defined below) to Beijing Miyuan and/or any other entity or individual designated by Beijing Miyuan in accordance with the terms of this Agreement and subject to PRC Laws.

 

2

 

(4)                                 Beijing Aizhenxin agrees the Existing Shareholders to grant the Purchase Option to Beijing Miyuan according to this Agreement.

 

NOW, THEREFORE, the Parties agree as follows:

 

ARTICLE I. DEFINITIONS

 

1.1                               Unless otherwise provided according to the context, in this Agreement, the following terms shall have the meanings given below:

 

	
“Authorized Person”
    	
 
    	
has the meaning as specified in Article 3.7   hereof.
    
	
 
    	
 
    	
 
    
	
“Business Licenses”
    	
 
    	
refers to any approval, permit, filing, registration   etc. required for Beijing Aizhenxin to legally and effectively carry out its   internet information services and other businesses, including but not limited   to the Business License for Enterprise Legal Person, Tax Registration   Certificate, Telecommunication and Information Service Business Operation   License regarding the business operation of internet information service which   is being applied by Beijing Aizhenxin, filing of computer network security   and other relevant permits and licenses as required by PRC Laws then in   effect.
    
	
 
    	
 
    	
 
    
	
“Confidential Information”
    	
 
    	
has the meaning as specified in Article 8.1   hereof.
    
	
 
    	
 
    	
 
    
	
“Defaulting Party”
    	
 
    	
has the meaning as specified in Article 11.1   hereof.
    
	
 
    	
 
    	
 
    
	
“Default”
    	
 
    	
has the meaning as specified in Article 11.1   hereof.
    
	
 
    	
 
    	
 
    
	
“Exercise Notice”
    	
 
    	
has the meaning as specified in Article 3.5   hereof.
    
	
 
    	
 
    	
 
    
	
“Beijing Aizhenxin’s Registered Capital”
    	
 
    	
refers to the registered capital of RMB20 million of   Beijing Aizhenxin as
    

 

3

 

	
 
    	
 
    	
of the date hereof, and any increased registered   capital as a result of capital increase during the term of this Agreement.
    
	
 
    	
 
    	
 
    
	
“Beijing Aizhenxin’s Assets”
    	
 
    	
refers to all tangible and intangible assets that   Beijing Aizhenxin owns or has the right to use during the term of this   Agreement, including but not limited to any real properties, personal   properties, as well as intellectual properties such as trademarks,   copyrights, patents, proprietary technologies, domain names, software use   rights.
    
	
 
    	
 
    	
 
    
	
“Material Agreements”
    	
 
    	
refers to agreements to which Beijing Aizhenxin is a   party and which has material effect on Beijing Aizhenxin’s business or   assets, including but not limited to the Exclusive Technology License and   Services Agreement by and between Beijing Aizhenxin and Beijing Miyuan and   other agreements regarding the business of Beijing Aizhenxin.
    
	
 
    	
 
    	
 
    
	
“Non-defaulting Party”
    	
 
    	
has the meaning as specified in Article 11.1   hereof.
    
	
 
    	
 
    	
 
    
	
“Option Equity Interests”
    	
 
    	
with respect to each of the Existing Shareholders,   refers to all of his/her equity interests in Beijing Aizhenxin’s Registered   Capital; with respect to all of the Existing Shareholders, refers to 100% of   the equity interests in Beijing Aizhenxin’s Registered Capital.
    
	
 
    	
 
    	
 
    
	
“PRC Laws”
    	
 
    	
refers to the laws, administrative regulations,   administrative rules, local regulations, judicial interpretations and other   binding regulatory instruments of China then in effect.
    
	
 
    	
 
    	
 
    
	
“Power of Attorney”
    	
 
    	
has the meaning as specified in Article 3.7   hereof.
    

 

4

 

	
“Such Right”
    	
 
    	
has the meaning as specified in Article 12.5   hereof.
    
	
 
    	
 
    	
 
    
	
“Shareholding Percentage Cap”
    	
 
    	
has the meaning as specified in Article 3.2   hereof.
    
	
 
    	
 
    	
 
    
	
“Transfer Equity Interests”
    	
 
    	
refers to the equity interests in Beijing Aizhenxin   that Beijing Miyuan is entitled to request any or both of the Existing   Shareholders to transfer to Beijing Miyuan or any of its designated entity or   individual according to Article 3.2 hereof when Beijing Miyuan exercises   its Purchase Option (the “Exercise”),   the amount of which may be all or part of the Option Equity Interests, to be   determined in the sole discretion by Beijing Miyuan according to the PRC Laws   then in effect and its own commercial considerations.
    
	
 
    	
 
    	
 
    
	
“Transfer Price”
    	
 
    	
refers to, in accordance with Article IV   hereof, all the consideration which shall be paid by Beijing Miyuan or its   designated entity or individual to the Existing Shareholders for acquiring   the Transfer Equity Interests upon each Exercise.
    

 

1.2                   Reference to any PRC Laws hereunder shall be deemed to include:

 

(1)                     any amendments, changes, extensions and reenactment pertaining to such PRC Laws, whether the effective dates of which are prior to or after the date of this Agreement; and

 

(2)                     any other decisions, notices and regulations promulgated in accordance with or taking effect as a result of such PRC Laws.

 

1.3                   Unless otherwise provided in the context hereof, references to the articles, clauses, items and paragraphs in this Agreement shall mean the corresponding articles, clauses, items and paragraphs of this Agreement.

 

5

 

ARTICLE II. GRANT OF PURCHASE OPTION

 

2.1                   The Existing Shareholders hereby jointly and severally agree to irrevocably and unconditionally grant to Beijing Miyuan an exclusive Purchase Option, pursuant to which Beijing Miyuan shall be entitled, subject to PRC Laws, to request the Existing Shareholders to transfer the Option Equity Interests to Beijing Miyuan or other entity or individual designated by Beijing Miyuan in accordance with this Agreement.  Beijing Miyuan hereby agrees to accept such Purchase Option.

 

2.2                   Beijing Aizhenxin hereby agrees to the grant of such Purchase Option to Beijing Miyuan by the Existing Shareholders in accordance with Article 2.1 above and other provisions of this Agreement.

 

ARTICLE III. EXERCISE

 

3.1                   To the extent as allowed under the PRC Laws, Beijing Miyuan shall have the absolute sole discretion as to determine the timing, method and number of times of its Exercise.

 

3.2                   In the event that the PRC Laws then in effect allow Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan to hold all the equity interests in Beijing Aizhenxin, Beijing Miyuan shall have the right to choose to exercise all of its Purchase Option at one time, pursuant to which Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan will purchase all of the Option Equity Interests from the Existing Shareholders at one time; in the event that the PRC Laws then in effect only allow Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan to hold part of the equity interests in Beijing Aizhenxin, Beijing Miyuan shall have the right to determine the amount of the Transfer Equity Interests which shall not exceed the upper limit of the shareholding percentage as provided by PRC Laws then in effect (the “Shareholding Percentage Cap”), pursuant to which Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan will purchase such amount of the Transfer Equity Interests from the Existing Shareholders.  Under the latter circumstance, with the gradual increase of the Shareholding Percentage Cap allowed under the PRC Laws, Beijing Miyuan shall have the right to exercise its Purchase Option for more than one time accordingly, so as to ultimately obtain all of the Option Equity Interests.

 

3.3                   Upon each Exercise, Beijing Miyuan shall have the right to determine at its sole discretion the amount of the Transfer Equity Interests that shall be transferred by the Existing Shareholders to Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan under such Exercise, and the Existing Shareholders shall transfer the Transfer Equity Interests in the amount determined by Beijing Miyuan to Beijing Miyuan and/or other entity or

 

6

 

individual designated by Beijing Miyuan respectively.  Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan shall pay the Transfer Price for the acquired Transfer Equity Interests to the Existing Shareholders who sell such Transfer Equity Interests under each Exercise.

 

3.4                   Upon each Exercise, Beijing Miyuan may purchase the Transfer Equity Interests on its own or designate any third party to purchase all or part of the Transfer Equity Interests.

 

3.5                   After Beijing Miyuan determines to exercise its Purchase Option, it shall deliver a notice on Exercise of Purchase Option to the Existing Shareholders (the “Exercise Notice”, a form of which is set forth in Exhibit II attached hereto).  After receiving the Exercise Notice, the Existing Shareholders shall, according to the Exercise Notice, promptly transfer the Transfer Equity Interests to Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan at one time in the manner as provided in Article 3.3 hereof.

 

3.6                   The Existing Shareholders hereby severally and jointly covenant and guarantee, once Beijing Miyuan delivers the Exercise Notice, the Existing Shareholders shall:

 

(1)                     promptly convene the shareholders’ meeting and adopt shareholders’ resolution and carry out all other necessary actions to approve the transfer of all the Transfer Equity Interests to Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan at the Transfer Price;

 

(2)                     promptly execute the equity transfer agreement with Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan regarding the transfer of all the Transfer Equity Interests to Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan at the Transfer Price; and

 

(3)                     pursuant to Beijing Miyuan’s request and the provisions of laws and regulations, provide necessary assistance to Beijing Miyuan (including the provision and execution of all relevant legal documents, performance of all necessary procedures of government approvals and registrations and all relevant obligations), so as to ensure Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan can obtain all of the Transfer Equity Interests without legal defects.

 

3.7                   Upon execution of this Agreement, the Existing Shareholders shall each execute a power of attorney (the “Power of Attorney”, form of which is set forth in

 

7

 

Exhibit III attached hereto), authorizing in writing any person appointed by Beijing Miyuan (the “Authorized Person”) to represent the Existing Shareholders to execute any and all necessary legal documents according to this Agreement, so as to ensure Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan can obtain all of the Transfer Equity Interests without legal defects.  Such Power of Attorney shall be kept in Beijing Miyuan’s custody, and where necessary, Beijing Miyuan may request at any time the Existing Shareholders to execute multiple counterparts of such Power of Attorney and submit such to the relevant government authorities.  Only when Beijing Miyuan delivers written notice to the Existing Shareholders requesting replacement of the Authorized Person, shall the Existing Shareholders promptly revoke the authorization to the existing Authorized Person and authorize the Authorized Person otherwise appointed by Beijing Miyuan to represent the Existing Shareholders to execute any and all necessary legal documents according to this Agreement, and the new Power of Attorney, once executed, shall supersede the original Power of Attorney; except for the above circumstance, the Existing Shareholders shall not revoke the Power of Attorney made to the Authorized Person.

 

ARTICLE IV. TRANSFER PRICE

 

Upon each Exercise by Beijing Miyuan, the Transfer Price to be paid by Beijing Miyuan or the entity or individual designated by Beijing Miyuan to the Existing Shareholders shall be the amount of Beijing Aizhenxin’s Registered Capital at that time multiplying by the percentage of the Transfer Equity Interests in the total equity interests of Beijing Aizhenxin, or the price otherwise agreed by the Parties in writing.  In the event there is any compulsory requirement provided by PRC Laws then in effect with respect to the Transfer Price, Beijing Miyuan or the entity or individual designated by Beijing Miyuan shall be entitled to purchase the Transfer Equity Interests at a Purchase Price which is the lowest price allowed under the PRC Laws.  If the lowest price allowed under the PRC Laws is in excess of the amount of registered capital corresponding to the Transfer Equity Interests, the Existing Shareholders shall repay to Beijing Miyuan such excess amount pursuant to the provisions under the Loan Agreement by and among Beijing Miyuan and the Existing Shareholders.

 

ARTICLE V. REPRESENTATIONS AND WARRANTIES

 

5.1                   The Existing Shareholders hereby severally and jointly represent and warrant as follows, and such representations and warranties shall remain in effect as if they are made upon the transfer of the Option Equity Interests.

 

5.1.1                     The Existing Shareholders are Chinese citizens with full civil capacity, full and independent legal status and legal capacity to execute, deliver

 

8

 

and perform this Agreement, and may act as an eligible party to litigation independently.

 

5.1.2                     Beijing Aizhenxin is a limited liability company duly registered and existing under the PRC Laws with independent legal person status, full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and may act as an eligible party to litigation independently.

 

5.1.3                     The Existing Shareholders have the full power and authorization to execute and deliver this Agreement and all other documents relevant to the contemplated transaction hereunder to be executed by them, and to consummate the contemplated transaction hereunder.

 

5.1.4                     This Agreement shall be legally and duly executed and delivered by the Existing Shareholders.  This Agreement shall constitute legal and binding obligation upon the Existing Shareholders, and can be enforced against the Existing Shareholders in accordance with this Agreement.

 

5.1.5                     The Existing Shareholders are the registered legal owners of the Option Equity Interests when this Agreement comes into effect.  Except for the rights created under this Agreement, the Equity Pledge Agreement by and among the Existing Shareholders and Beijing Miyuan, and the Shareholders’ Voting Rights Entrustment Agreement by and among the Existing Shareholders, Beijing Miyuan and Beijing Aizhenxin, the Option Equity Interests shall be free of any lien, pledge, claim and other encumbrances and third party rights.  Pursuant to this Agreement, after the Exercise, Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan shall obtain the title to the Transfer Equity Interests which is in good standing and free of any lien, pledge, claim and other encumbrances or third party rights.

 

5.2                   Beijing Aizhenxin hereby represents and warrants as follows:

 

5.2.1                     Beijing Aizhenxin is a limited liability company duly registered and existing under the PRC Laws with independent legal person status.  Beijing Aizhenxin has full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and may act as an eligible party to litigation independently.

 

9

 

5.2.2                     Beijing Aizhenxin has the full internal corporate power and authorization to execute and deliver this Agreement and all other documents relevant to the contemplated transaction hereunder to be executed by it, and the full power and authorization to consummate the contemplated transaction hereunder.

 

5.2.3                     This Agreement shall be legally and duly executed and delivered by Beijing Aizhenxin.  This Agreement constitutes legal and binding obligation upon Beijing Aizhenxin.

 

5.2.4                     The Existing Shareholders are the entire registered legal shareholders of Beijing Aizhenxin as of the execution date of this Agreement.  Pursuant to this Agreement, after Exercise, Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan shall obtain the title to the Transfer Equity Interests which is in good standing and free of any lien, pledge, claim and other encumbrances or third party rights.

 

5.2.5                     Beijing Aizhenxin has been operated in accordance with laws since its establishment and there exists no violation or potential violation with the provisions or requirements by industry and commerce authority, tax authority, telecommunication authority, quality and technology supervision authority, labor and social security authority and any other government authorities, and there exists no Default dispute in relation to any contract either.

 

5.3                   Beijing Miyuan hereby represents and warrants as follows:

 

5.3.1                     Beijing Miyuan is a wholly foreign-owned limited liability company duly registered and existing under the PRC Laws with independent legal person status.  Beijing Miyuan has full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and may act as a party to litigation independently.

 

5.3.2                     Beijing Miyuan has the full internal corporate power and authorization to execute and deliver this Agreement and all other documents relevant to the transactions contemplated hereunder to be executed by it, and the full power and authorization to consummate the contemplated transaction hereunder.

 

10

 

5.3.3                     This Agreement shall be legally and duly executed and delivered by Beijing Miyuan. This Agreement constitutes legal and binding obligations of Beijing Miyuan.

 

ARTICLE VI. COVENANTS OF EXISTING SHAREHOLDERS

 

The Existing Shareholders hereby severally covenant as follows:

 

6.1                   During the term of this Agreement, the Existing Shareholders shall take all necessary measures to ensure that Beijing Aizhenxin is able to obtain in a timely manner all Business Licenses required to carry out its business operations and maintain all the Business Licenses in effect at any time.

 

6.2                   During the term of this Agreement, without the prior written consent of Beijing Miyuan:

 

6.2.1                     any of the Existing Shareholders shall not transfer or otherwise dispose of any Option Equity Interests or create any encumbrances or other third party rights thereon;

 

6.2.2                     any of the Existing Shareholders shall not increase or reduce Beijing Aizhenxin’s Registered Capital or alter the current shareholding structure of Beijing Aizhenxin as set forth in Exhibit I hereto in any manner;

 

6.2.3                     any of the Existing Shareholders shall not dispose of or cause the management of Beijing Aizhenxin to dispose of any of Beijing Aizhenxin’s Assets (except for those during the ordinary business operation);

 

6.2.4                     any of the Existing Shareholders shall not terminate or cause the management of Beijing Aizhenxin to terminate any of the Material Agreements executed by Beijing Aizhenxin, or to enter into any other agreements in conflict with the existing Material Agreements;

 

6.2.5                     any of the Existing Shareholders shall not appoint or replace any directors, supervisors, or any other management personnel of Beijing Aizhenxin which shall be appointed and removed by the Existing Shareholders;

 

11

 

6.2.6                     any of the Existing Shareholders shall not cause or approve Beijing Aizhenxin to declare any distribution of or actually distribute any distributable profits, dividends or dividend on shares;

 

6.2.7                     any of the Existing Shareholders shall ensure Beijing Aizhenxin being duly existing and not terminated, liquidated or dissolved;

 

6.2.8                     any of the Existing Shareholders shall not cause or approve Beijing Aizhenxin to amend its articles of association;

 

6.2.9                     any of the Existing Shareholders shall ensure Beijing Aizhenxin not to lend or borrow any loan or provide guarantee or security of any kind, or to undertake any other material obligations beyond its ordinary business operations; and

 

6.2.10              any of the Existing Shareholders shall ensure Beijing Aizhenxin not to merge with any third party, acquire the assets or equity interests of any third party, or otherwise invest in any third party.

 

The Parties agree that, if the combined percentage of shareholdings of Beijing Aizhenxin of the Existing Shareholders falls under 50% (excluding 50%) due to the purchase of all or part of the equity interests in Beijing Aizhenxin held by the Existing Shareholders by Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan, the part of covenanted contents under this Article which are beyond the reasonable control of the Existing Shareholders shall no longer apply to the Existing Shareholders.

 

6.3                   During the term of this Agreement, the Existing Shareholders shall use their best endeavors to develop Beijing Aizhenxin’s business and ensure the legitimate operations of Beijing Aizhenxin in compliance with laws and regulations.  The Existing Shareholders shall guarantee that they will not do any act or omit to do any act which may damage Beijing Aizhenxin’s Assets, business reputation or affect the validity of Beijing Aizhenxin’s Business Licenses.

 

ARTICLE VII. COVENANTS OF BEIJING AIZHENXIN

 

7.1                   In the event that the execution and performance of this Agreement and the grant of the Purchase Option hereunder are subject to any third party consent, permit, waiver, authorization or any governmental approval, permit, exemption or registration or filing procedures with any government authorities (if legally required), Beijing Aizhenxin shall use its best endeavors to assist in satisfying the above requirements.

 

12

 

7.2                   Without the prior written consent of Beijing Miyuan, Beijing Aizhenxin shall not assist or allow the Existing Shareholders to transfer or otherwise dispose of any Option Equity Interests or to create any encumbrances or other third party rights thereon.

 

7.3                   Beijing Aizhenxin shall not take or allow any conduct or act which may have adverse effect on the benefits of Beijing Miyuan under this Agreement.

 

ARTICLE VIII. CONFIDENTIALITY

 

8.1                   Whether this Agreement is terminated or not, the Existing Shareholders shall be obliged to keep confidential the following information (collectively the “Confidential Information”):

 

(i)             the execution, performance of this Agreement and the content hereof;

 

(ii)          trade secret, proprietary information and client information of Beijing Miyuan that are known to or received by the Existing Shareholders as a result of execution and performance of this Agreement; and

 

(iii)       trade secret, proprietary information and client information of Beijing Aizhenxin that are known to or received by the Existing Shareholders as the shareholders of Beijing Aizhenxin.

 

The Existing Shareholders shall use such Confidential Information only for the purpose of performing their obligations hereunder.  Without written permit from Beijing Miyuan, any of the Existing Shareholders shall not disclose the above Confidential Information to any third party, otherwise he/she shall assume Default liabilities and indemnify any losses.

 

8.2                   Upon the termination of this Agreement, upon Beijing Miyuan’s request, each of the Existing Shareholders shall return, destroy or otherwise dispose of all of the documents, materials or software containing the Confidential Information, and cease using such Confidential Information.

 

8.3                   Notwithstanding any other provisions hereunder, this Article shall survive the suspension or termination of this Agreement.

 

ARTICLE IX. TERM OF THE AGREEMENT

 

This Agreement shall come into effect from the date of execution by the Parties, and shall terminate once all of the Option Equity Interests have been legally transferred to Beijing Miyuan and/or other entity or individual designated by Beijing Miyuan as agreed in accordance with this Agreement.

 

13

 

ARTICLE X. NOTICE

 

10.1            All notices, requests, demands and other correspondences required by or in accordance with this Agreement shall be delivered to the relevant Party in writing.

 

10.2            The above notices or other correspondences shall be deemed to be properly delivered upon sending when delivered through fax or telegraph, upon delivered in person when personally delivered, or at the fifth (5th) day of mailing if sent by mail.

 

ARTICLE XI. DEFAULT LIABILITIES

 

11.1            The Parties agree and acknowledge that, in the event that a Party (the “Defaulting Party”) substantially violates any of the agreements hereunder or fails to perform any of its obligations hereunder substantially, it shall constitute a default under this Agreement (the “Default”).  The non-defaulting party (the “Non-defaulting Party”) shall be entitled to request the Defaulting Party to rectify the Default or take remedial measures within a reasonable period.  In the event that the Defaulting Party fails to rectify the Default or take remedial measures within a reasonable period or within ten (10) days after a written notice sent by the Non-defaulting Party to the Defaulting Party requesting for the rectification, and if the Defaulting Party is the Existing Shareholder or Beijing Aizhenxin, the Non-defaulting Party shall be entitled to determine, at its sole discretion, to: (1) terminate this Agreement and request the Defaulting Party to indemnify all losses incurred by the Non-defaulting Party, or (2) request the Defaulting Party to continue to perform its obligations hereunder and indemnify all losses incurred by the Non-defaulting Party; if the Defaulting Party is Beijing Miyuan, the Non-defaulting Party shall be entitled to request the Defaulting Party to continue to perform its obligations hereunder and to indemnify all losses incurred by the Non-defaulting Party.

 

11.2            The Parties agree and acknowledge that the Existing Shareholders and Beijing Aizhenxin shall not request to terminate this Agreement for any reason under any circumstances.

 

11.3            The rights and remedies hereunder shall be accumulative and shall not preclude any other statutory rights or remedies.

 

11.4            Notwithstanding any other provisions hereunder, this Article shall survive the suspension or termination of this Agreement.

 

14

 

ARTICLE XII. MISCELLANEOUS

 

12.1            This Agreement shall be signed in five (5) originals in Chinese. Each original shall have equal legal force, and each Party shall retain one (1) original of this Agreement.

 

12.2            The conclusion, validity, performance, amendment, interpretation and termination of this Agreement shall be governed by the laws of the People’s Republic of China.

 

12.3            Any dispute arising out of or relating to this Agreement shall be settled by the disputing Parties through consultation. In case the disputing Parties fail to reach an agreement within thirty (30) days of the dispute, such dispute shall be submitted to the China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in Beijing in accordance with the arbitration rules of CIETAC then in effect.  The arbitration award shall be final and binding upon the disputing Parties.

 

12.4            Any right, power and remedy granted to a Party under any provision of this Agreement shall not preclude any other right, power or remedy such Party is entitled to under any laws or regulations or any other provision of this Agreement.  The exercise of its right, power and remedy by a Party shall not preclude the exercise of any other right, power and remedy that such Party is entitled to.

 

12.5            Any Party’s failure or delay in exercising any of its right, power and remedy (“Such Rights”) under this Agreement or laws shall not result in a waiver of Such Rights, nor shall any single or partial waiver of any Such Right preclude any exercise of Such Right in other manner or the exercise of any other Such Rights by such Party.

 

12.6            The headings in this Agreement shall be for reference purpose only and shall not be used for or affect the construction of the Agreement in any event.

 

12.7            Each provision of this Agreement shall be severable and independent of each of the other provision.  In the event that one or several provisions of this Agreement become invalid, illegal or unenforceable at any time, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected.

 

12.8            This Agreement, once executed, shall supersede any other legal documents executed previously by and among the Parties regarding the same subject hereof.  Any amendment or supplement to this Agreement shall be made in writing, and shall take effect after duly executed by the Parties.

 

15

 

12.9            Without prior written consent of Beijing Miyuan, any of the Existing Shareholders or Beijing Aizhenxin shall not transfer any of its rights and/or obligations hereunder to any third party.  Beijing Miyuan shall be entitled to transfer any of its rights and/or obligations hereunder to any third party designated by it after notifying the Existing Shareholders and Beijing Aizhenxin.

 

12.10     This Agreement shall be binding upon the legal successor of each Party.

 

[Remainder of this page is intentionally left blank]

 

16

 

[Signature Page]

 

IN WITNESS WHEREOF, this Exclusive Purchase Option Agreement has been duly executed by the Parties as of the date and at the place first above written.

 

 

	
Tao LU 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Signature: 
    	
/s/ Tao Lu
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Hui SONG 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Signature: 
    	
/s/ Hui Song
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Yu ZHANG 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Signature: 
    	
/s/ Yu Zhang
    	
 
    

 

 

BEIJING MIYUAN INFORMATION TECHNOLOGY CO., LTD.

(Company Seal) [seal: Beijing Miyuan Information Technology Co., Ltd.]

 

	
Signature:
    	
 
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    
	
Title: Authorized Representative
    	
 
    

 

 

BEIJING AIZHENXIN INFORMATION TECHNOLOGY CO., LTD.

(Company Seal) [seal: Beijing Aizhenxin Information Technology Co., Ltd.]

 

	
Signature:
    	
 
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    
	
Title: Authorized Representative
    	
 
    

 

17

 

Exhibit I

 

Basic Information of Beijing Aizhenxin

 

Company Name: Beijing Aizhenxin Information Technology Co., Ltd.

 

Registered Address: Room 302, Building No. 3, 6 Yangfangdian Road, Haidian District, Beijing

 

Registered Capital: RMB20 million

 

Legal Representative: Yu ZHANG

 

Shareholding Structure:

 

	
Name of Shareholder
    	
 
    	
Contribution to
   Registered Capital
    	
 
    	
Percentage of
   Capital Contribution
    	
 
    
	
Tao LU 
    	
 
    	
RMB
    	
6,000,000
    	
 
    	
30
    	
%
    
	
Hui SONG 
    	
 
    	
RMB
    	
6,000,000
    	
 
    	
30
    	
%
    
	
Yu ZHANG
    	
 
    	
RMB
    	
8,000,000
    	
 
    	
40
    	
%
    

 

Fiscal Year: January 1 to December 31 of a calendar year

 

18

 

Exhibit II

 

Form of Exercise Notice

 

To: [Name of the Existing Shareholders]

 

Whereas our company has entered into an EXCLUSIVE PURCHASE OPTION AGREEMENT (the “Agreement”) with you and Beijing Aizhenxin Information Technology Co., Ltd. (“Beijing Aizhenxin”) on             , 2012, under which, to the extent as allowed under the PRC laws and regulations, you shall, upon request of our company, transfer to our company or any third party designated by our company the equity interests held by you in Beijing Aizhenxin.

 

Now therefore, our company hereby notifies you as follows:

 

Our company hereby request to exercise the Purchase Option under the Agreement to purchase            % of the equity interests held by you in Beijing Aizhenxin (the “Equity Interests to Be Transferred”) by our company/[name of the company/individual] designated by our company.  Once you receive this notice, please promptly transfer the Equity Interests to Be Transferred to our company/[name of the company/individual] designated by our company in accordance with the Agreement.

 

	
 
    	
 
    
	
 
    	
Yours Sincerely,
    
	
 
    	
 
    
	
 
    	
Beijing Miyuan Information Technology Co., Ltd.
    
	
 
    	
 
    
	
 
    	
(Company Seal)
    
	
 
    	
 
    
	
 
    	
Authorized Representative:
    
	
 
    	
 
    
	
 
    	
Date:
    

 

19

 

Exhibit III

 

Form of Power of Attorney

 

I,                             , hereby irrevocably authorize                                [ID No.                                   ] to act as my authorized representative to execute the Equity Transfer Agreement regarding the transfer of the equity interests in Beijing Aizhenxin Information Technology Co., Ltd. by and among Beijing Aizhenxin Information Technology Co., Ltd., Beijing Miyuan Information Technology Co., Ltd. and me, and other relevant legal documents.

 

 

	
 
    	
Signature:
    
	
 
    	
 
    
	
 
    	
Date:
    

 

20

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