Document:

Exhibit 10.10

 

Power of
Attorney

 

We, the undersigned, Qingling Company Limited, a
company duly established in Hong Kong, being a shareholder
holding 19.29% equity interests of Beijing Syswin Xing Ye Real Estate Brokerage
Company Limited(“Syswin Xing Ye”),
hereby irrevocably authorizes Beijing Syswin Zhi Di Technology Limited (“Syswin Zhi Di”) to exercise the following
powers and rights during the term of this Power of Attorney.

 

We, the undersigned,
exclusively authorize Syswin Zhi Di as the sole and exclusive attorney-in-fact,
to exercise on our behalf the following shareholder’s rights in respect of our
equity interest, including but not limited to: (i) the right to
attend  shareholder’s meeting and to
execute relative Shareholder Resolution(s) of Syswin Xing Ye for and on
our behalf; (ii) all shareholder’s rights prescribed by laws and
regulations and articles of association of Syswin Xing Ye, including but not
limited to voting rights, rights to sell, transfer, pledge or otherwise dispose
of all or part of my equity interests; and (iii) acting as my
representative to designate and appoint the legal representative, chairman,
directors, supervisors, general managers and other senior officers of Syswin
Xing Ye.

 

Syswin Zhi Di is
authorized to execute the Equity Transfer Agreements contemplated in the
Exclusive Purchase Option Agreement (to which we are one party) on our behalf
within the scope of authorization, to timely perform the Equity Pledge
Agreement and Exclusive Purchase Option Agreement, to each of which we are one
party, executed on the same date as this Power of Attorney. The exercise of the
aforesaid rights does not constitute any restriction to the authorization under
this Power of Attorney.

 

Save as otherwise
provided herein, Syswin Zhi Di is entitled to exercise all the necessary rights
in respect of our equity interest upon its own discretions without any oral or
written instructions from us.

 

All acts of Syswin Zhi
Di in respect of our equity interests shall be deemed as our own acts and all
documents executed by Syswin Zhi Di shall be deemed as executed by ourselves
with our acknowledgement.

 

Syswin Zhi Di has the
right to assign all rights under this Power of Attorney and to authorize other
individuals or legal entities to execute the above rights in respect of our
equity interest without prior notice or consent from us. Syswin Zhi Di is
obligated to inform us such assignments on a timely basis and should not harm
our interest in any event.

 

1

 

This Power of Attorney
is irrevocable and shall be continuously valid during the term of which we are
a shareholder of Syswin Xing Ye (the “Effective
Period”) and shall come into effect as of the date set forth below.

 

During the Effective
Period, we shall negotiate with Syswin Zhi Di in the event that we intend to
exercise any right in respect of my equity interest that has been authorized to
Syswin Zhi Di herein.

 

 

	
  Qingling
  Company Limited

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Authorized
  Representative (Signature):

  	
  /s/ Xiaoling Hu

  	
   

  
	
   

  	
   

  	
   

  
	
  Date: August 4, 2010

  	
   

  	
   

  

 

2Exhibit 10.11

 

Power of Attorney

 

I, the undersigned, TAO
Hongbing, a citizen of the People’s Republic of China (the “PRC”),
being a shareholder holding 2.42% equity interest of Beijing Syswin Xing Ye
Real Estate Brokerage Company Limited(“Syswin
Xing Ye”), hereby irrevocably authorizes Beijing Syswin Zhi Di
Technology Limited (“Syswin Zhi Di”)
to exercise the following powers and rights during the term of this Power of
Attorney.

 

I,
the undersigned, exclusively authorize Syswin Zhi Di as the sole and exclusive
attorney-in-fact, to exercise on my behalf the following shareholder’s rights
in respect of my equity interest, including but not limited to: (i) the
right to attend  shareholder’s meeting
and to execute relative Shareholder Resolution(s) of Syswin Xing Ye for
and on my behalf; (ii) all shareholder’s rights prescribed by laws and
regulations and articles of association of Syswin Xing Ye, including but not
limited to voting rights, rights to sell, transfer, pledge or otherwise dispose
of all or part of my equity interests; and (iii) acting as my
representative to designate and appoint the legal representative, chairman,
directors, supervisors, general managers and other senior officers of Syswin
Xing Ye.

 

Syswin
Zhi Di is authorized to execute the Equity Transfer Agreements contemplated in
the Exclusive Purchase Option Agreement (to which I am one party) on my behalf
within the scope of authorization, to timely perform the Equity Pledge
Agreement and Exclusive Purchase Option Agreement, to each of which I am one
party, executed on the same date as this Power of Attorney. The exercise of the
aforesaid rights does not constitute any restriction to the authorization under
this Power of Attorney.

 

Save
as otherwise provided herein, Syswin Zhi Di is entitled to exercise all the
necessary rights in respect of my equity interest upon its own discretions
without any oral or written instructions from me.

 

All
acts of Syswin Zhi Di in respect of my equity interests shall be deemed as my
own acts and all documents executed by Syswin Zhi Di shall be deemed as
executed by myself with my acknowledgement.

 

Syswin
Zhi Di has the right to assign all rights under this Power of Attorney and to
authorize other individuals or legal entities to execute the above rights in
respect of my equity interest without prior notice or consent from me. Syswin
Zhi Di is obligated to inform me such assignments on a timely basis and should
not harm my interest in any event.

 

This
Power of Attorney is irrevocable and continuously valid during the term of 

 

1

 

which
I am a shareholder of Syswin Xing Ye (the “Effective
Period”) and shall come into effect as of the date set forth below.

 

During
the Effective Period, I shall negotiate with Syswin Zhi Di in the event
that I intend to exercise any right in respect of my equity interest that has
been authorized to Syswin Zhi Di herein.

 

 

	
  TAO Hongbing

  
	
   

  
	
  (Signature)

  	
  /s/ Hongbing Tao

  
	
   

  
	
   

  
	
  Date: August 4, 2010

  

 

2Exhibit 10.12

 

Power of Attorney

 

We, the undersigned, Beijing
Syswin International Real Estate Consulting Company Limited, a company duly
established in the PRC, being a shareholder holding 78.29% equity interest of
Beijing Syswin Xing Ye Real Estate Brokerage Company Limited(“Syswin Xing Ye”), hereby irrevocably
authorizes Beijing Syswin Zhi Di Technology Limited (“Syswin Zhi Di”) to exercise the following
powers and rights during the term of this Power of Attorney.

 

We, the undersigned,
exclusively authorize Syswin Zhi Di as the sole and exclusive attorney-in-fact,
to exercise on our behalf the following shareholder’s rights in respect of our
equity interest, including but not limited to: (i) the right to
attend  shareholder’s meeting and to
execute relative Shareholder Resolution(s) of Syswin Xing Ye for and on
our behalf; (ii) all shareholder’s rights prescribed by laws and
regulations and articles of association of Syswin Xing Ye, including but not
limited to voting rights, rights to sell, transfer, pledge or otherwise dispose
of all or part of my equity interests; and (iii) acting as my
representative to designate and appoint the legal representative, chairman,
directors, supervisors, general managers and other senior officers of Syswin
Xing Ye.

 

Syswin Zhi Di is authorized
to execute the Equity Transfer Agreements contemplated in the Exclusive
Purchase Option Agreement (to which we are one party) on our behalf within the
scope of authorization, to timely perform the Equity Pledge Agreement and
Exclusive Purchase Option Agreement, to each of which we are one party,
executed on the same date as this Power of Attorney. The exercise of the
aforesaid rights does not constitute any restriction to the authorization under
this Power of Attorney.

 

Save as otherwise provided
herein, Syswin Zhi Di is entitled to exercise all the necessary rights in
respect of our equity interest upon its own discretions without any oral or
written instructions from us.

 

All acts of Syswin Zhi Di in
respect of our equity interests shall be deemed as our own acts and all
documents executed by Syswin Zhi Di shall be deemed as executed by ourselves
with our acknowledgement.

 

Syswin Zhi Di has the right
to assign all rights under this Power of Attorney and to authorize other
individuals or legal entities to execute the above rights in respect of our
equity interest without prior notice or consent from us. Syswin Zhi Di is
obligated to inform us such assignments on a timely basis and should not harm
our interest in any event.

 

1

 

This Power of Attorney is
irrevocable and shall be continuously valid during the term of which we are a
shareholder of Syswin Xing Ye (the “Effective
Period”) and shall come into effect as of the date set forth below.

 

During the Effective Period,
we shall negotiate with Syswin Zhi Di in the event that we intend to exercise
any right in respect of my equity interest that has been authorized to Syswin
Zhi Di herein.

 

 

	
  Beijing Syswin International Real Estate Consulting Company
  Limited

  
	
   

  
	
   

  	
   

  	
   

  
	
  Legal Representative
  (Signature):

  	
  /s/ Liangsheng Chen

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:
  August 4, 2010

  	
   

  	
   

  

 

2Exhibit 10.13

 

NON-COMPETION AGREEMENT

 

This NON-COMPETION AGREEMENT (this “Agreement”),
dated September 1, 2010, is made by and between:

 

Beijing Syswin Xing Ye Real Estate Brokerage
Company Limited, a company with limited
liabilities organized and validly existing under the laws of the People’s
Republic of China (“PRC”), with its registered address at Suite E7-03, 8
Longyuan Road, Shilong Industrial Parkt, Mentougou District, Beijing (“Party A”);
and

 

Liangsheng Chen,
a citizen of PRC, ID No. 610103196901282515 (“Party B”).

 

(Party A and Party B individually, a “Party”;
collectively, the “Parties”)

 

WHEREAS:

 

1.             Party A is a company with limited liabilities incorporated under PRC
laws, in which Beijing Syswin International Real Estate Consulting Group Company
Limited (“Syswin International”) holds a 78.29%
equity interests; and

 

2.             Party B hold 100% equity interests of Syswin International.

 

NOW, THEREFORE, for purpose of their respective
business growth and to avoid competition between Party B and its Affiliates, on
one hand, and Party A and its Affiliates, on the other hand, the Parties agree
as follows through negotiations:

 

1.             DEFINITIONS

 

1.1           “Principal Operations” mean the following operations currently engaged
by Party A and its Affiliates:

 

(a)           Agency services for new residential properties (including general
residential properties and high-end residential properties), including
early-stage planning and sale agency services;

 

(b)           Agency services for new commercial properties, including early-stage planning
and sale agency services; and

 

(c)           Land positioning, planning and brokerage services.

 

1.2           An Affiliate means an entity which any of the Parties during the term of
this Agreement:

 

(a)           holds or controls more than 50% of its issued share capital or voting
rights; or

 

(b)           is entitled to more than 50% of its after-tax profit; or

 

1

 

(c)           any other companies, enterprises, firms or other entities, incorporated
or unincorporated, which any of the Parties controls the composition of more
than half of its board members or exercises control over it otherwise.

 

For purpose of this
Agreement, Affiliates of Party B include without limitation Beijing Syswin Xing
Ye Real Estate Brokerage Company Limited and Beijing Syswin International Real
Estate Consulting Group Co., Ltd., but exclude SYSWIN Inc. and its
Affiliates.

 

2.             NON-COMPETITION

 

2.1           The scope of non-competition provided under this Agreement shall be the
Principal Operations set forth under Section 1.1 conducted by Party A
(including its Affiliates) within and outside China.

 

2.2           No change may be made in respect of the scope of non-competition
provided under this Agreement without agreement of the Parties in writing.

 

3.             UNDERTAKINGS BY PARTY B

 

Party B irrevocably undertakes and warrants to
Party A and its Affiliates that during the term of this Agreement:

 

3.1           Except with a waiver from Party A in writing, it will not cause any of
its Affiliates:

 

(a)           to engage or participate, directly or indirectly, or assist in engaging
or participating, within and outside China, solely or jointly with others, in
any business or activity which may constitute actual or potential competition,
directly or indirectly, with the Principal Operations, by any means including
without limitation investment, merger and acquisition, association, joint
venture, cooperation, partnership, trust, contract, operating lease, share
purchase or participation, or otherwise;

 

(b)           to provide any support to any third party in connection with its engaging
or participating in any business which may constitute actual or potential
competition with the Principal Operations by any means within and outside
China; or

 

(c)           to become otherwise involved, directly or indirectly, in any business
which may constitute actual or potential competition with the Principal
Operations.

 

3.2           Upon receipt of a waiver from Party A in writing, Party B or its
Affiliates may conduct the Principal Operations set forth under Section 1.1
by any means provided under Section 3.1.

 

3.3           Notwithstanding the provisions under Section 3.1, Party B will
further procure its Affiliates to undertake not to employ, engage, or attempt
to employ or engage, any employee of Party A without written consent from Party
A during the term of this Agreement.

 

2

 

4.             RIGHT OF FIRST REFUSAL

 

4.1           Party B undertakes to keep Party A promptly notified in writing of any
new business opportunity identified by Party B or its Affiliates during the
term of this Agreement which may constitute actual or potential direct
competition with the Principal Operations. 
Party A may elect to engage or participate in such new business by
itself or its affiliate or otherwise.

 

4.2           Within 30 days upon its receipt of notice provided under Section 4.2,
Party A will notify Party B or its Affiliates in writing as to whether it
intends to engage or participate in such business opportunity.  If Party A elects to engage or participate in
such business opportunity, Party B and its Affiliates will make their best
efforts to cause and assist Party A or its Affiliates in obtaining the new
business opportunity; if Party A elects not to engage or participate in such
business opportunity, Party B may participate in such business opportunity upon
its receipt of a written waiver from Party A.

 

5.             INDEMNITY

 

Party B shall be liable for any loss incurred by
Party A to such extent which is resulted from the breach of this Agreement by
Party B.

 

6.             GOVERNING LAW AND DISPUTE RESOLUTION

 

6.1           Governing Law

 

This Agreement is governed and construed by PRC
laws in all respects.

 

6.2           Dispute Resolution

 

Any dispute arising from interpretation and
performance of this Agreement shall be firstly revolved through good-faith
negotiations.  If the dispute fails to be
resolved within 30 days after any Party gives a written notice to the other
Party requesting negotiation for such dispute, any Party may submit the dispute
for arbitration by China International Economic and Trade Arbitration
Commission in accordance with its arbitration rules then in effect.  The arbitration will be held in Beijing and
conducted in Chinese.  The arbitration
award shall be conclusive and binding upon the Parties.

 

7.             EFFECTIVE DATE

 

This Agreement shall be effective upon execution by
the Parties (the “Effective Date”), and continue to be effective until Party B
owns, directly or indirectly through SYSWIN Inc. or its Affiliates, less than
30% equity interests of Party A.

 

 

	
  For and on behalf of

  	
   

  
	
  Beijing
  Syswin Xing Ye Real Estate Brokerage Company Limited, as Party A

  
	
  By:

  	
  /s/ Hongbing Tao

  	
   

  
	
  (Affixture of corporate seal)

  	
   

  
			

 

3

 

	
  For and on behalf of

  	
   

  
	
  Liangsheng Chen,
  as Party B

  	
   

  
	
  By:

  	
  /s/Liangsheng Chen

  	
   

  
			

 

4

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