Document:

EX-10.5

EXHIBIT 10.5

Translation

Form
of Trademark, Trade Name and Domain Name License Agreement

between

Nanning Jetlong Technology Co., Ltd.

and

[Affiliated Consolidated Entity]

1

 

Form
of Trademark, Domain Name and Trade Name License Agreement

This Trademark, Domain Name and Trade Name License Agreement (this “Agreement”) is entered into on
________ in Beijing, the People’s Republic of China (the “PRC” or “China”) by and between:

Licensor:

(1) Nanning Jetlong Technology Co., Ltd.

Registered address: Room 507, Floor 5, Maohong Building, No. 15 Chuangxin West Road, Nanning

Legal Representative: Dang He

Licensee:

(1) [Affiliated Consolidated Entity]

Registered address:

Legal Representative:

In this Agreement, any of above parties is hereinafter referred to as one “Party”, Nanning Jetlong
Technology Co., Ltd. as Licensor, [Affiliated Consolidated Entity] as Licensee and Licensor and
Licensee, collectively, as the “Parties”.

Whereas:

	(1)	 	Licensor is a wholly foreign owned enterprise duly formed and effectively existing under PRC
laws;
	 
	(2)	 	Licensee is a limited liability company duly formed and effectively existing under PRC laws;
	 
	(3)	 	Licensor is the owner of the registered trademarks set forth in Annex I, the trade names set
forth in Annex II and the domain names set forth in Annex III;
	 
	(4)	 	Licensee is willing to obtain license from Licensor to use these trademarks, domain names and
trade names in PRC, while Licensor agrees to grant the license to use these trademarks,
domain names and trade names in accordance with terms and conditions set forth herein.
	 
	 	 	Therefore, upon negotiation, the Parties hereto agree as follows:
	 
	1.	 	Grant of License
	 
	1.1	 	As the consideration for Licensee’s complete compliance with the terms and conditions hereof,
Licensor hereby grants Licensee, and Licensee hereby accepts from Licensor, a non-exclusive,
non-assignable license (a license without disposal right) to use the registered trademarks set
forth in Annex I (“Trademarks”) in the PRC for the term of this Agreement.

2

 

	1.2	 	As the consideration for Licensee’s complete compliance with the terms and conditions hereof,
Licensor hereby further grants Licensee, and Licensee hereby accepts from Licensor, a
non-exclusive, non-assignable license (a license without disposal right) to use the trade
names set forth in Annex II (“Trade Names”) in the PRC as the corporate or business names of
Licensee or a part of such names for the term of this Agreement.
	 
	1.3	 	As the consideration for Licensee’s complete compliance with the terms and conditions hereof,
Licensor hereby further grants Licensee, and Licensee hereby accepts from Licensor, a
non-exclusive, non-assignable license (a license without disposal right) to use the domain
names set forth in Annex III (“Domain Names”) in the PRC for the term of this Agreement.
	 
	1.4	 	Licensee agrees that unless specifically licensed by Licensor in writing, the Trademarks,
Domain Names and Trade Names shall be solely used by Licensee, and Licensee will not have the
right to license any other party to use the Trademarks, Domain Names and Trade Names.
	 
	1.5	 	Licensee acknowledges that every right granted hereby will depend on its fully and completely
continuous performance of all of its obligations hereunder and is subject to such performance.
	 
	2.	 	Title to Trademarks, Domain Names and Trade Names
	 
	 	 	Licensee hereby acknowledges the validity of the Trademarks, the exclusive right, title and
interest of Licensor in the Trademarks, Domain Names and Trade Names, and further
acknowledges that Licensor is the sole owner of the Trademarks, Domain Names and Trade Names.
Licensee agrees that this Agreement merely grants Licensee a license to use the Trademarks,
Domain Names and Trade Names in the form permitted by this Agreement, and at any time,
Licensee may not claim to have any right, title or interest in the Trademarks, Domain Names
or Trade Names or any goodwill arising therefrom due to its use of the Trademarks, Domain
Names and Trade Names.
	 
	 	 	Licensee undertakes, at any time, not to take or cause any other party to take any action
that may impair any right of Licensor in or to the Trademarks, Domain Names or Trade Names.
Licensee agrees that it shall obtain prior written approval from Licensor for the form and
manner using the Trademarks, Domain Names and Trade Names in Licensee’s business.
	 
	 	 	Licensee shall notify Licensor immediately after it becomes aware of any infringement on the
Trademarks, Domain Names or Trade Names or any question on Licensee’s use of the Trademarks,
Domain Names and Trade Names. Licensor shall have the sole discretion to take actions it
deems to be appropriate, and Licensee hereby agrees to provide necessary or advisable
assistance to protect Licensor’s rights and interest in any such affair.

3

 

	 	 	Licensee agrees not to question the Trademarks, Domain Names and Trade Names or Licensor’s
title and use right therein.
	 
	3.	 	Mark and Use
	 
	3.1	 	Licensee agrees not to assert any ownership, right or interest to the title of the
Trademarks, Domain Names and Trade Names during its use of the Trademarks, Domain Names and
Trade Names. Licensee agrees to add a footnote or legend every time using the Trademarks, in
appropriate wording to achieve similar effect as follows: Changrong is a registered trademark
of Nanning Jetlong Technology Co., Ltd.
	 
	3.2	 	Licensee further agrees not to use the Trademarks to align with any trademark or trade name
of Licensee in a way that may cause the public to confuse the title to each trademark. In
using the Trademarks as licensed hereby, Licensee shall indicate Licensee’s name and mark with
characters like “Registered Trademark” or “Registered” or ®.
	 
	4.	 	Royalties
	 
	4.1	 	The Parties hereto agree that, subject to Section 4.3 hereof, the royalty for license of the
Trademarks, Domain Names and Trade Names (“Royalty”) payable by Licensee to Licensor with
respect to the license of the Trademarks, Domain Names and Trade Names granted by Licensor to
Licensee under Article 2 hereof shall be (a) twenty percent (20%) of Licensee’s gross
operational revenue for each quarter during the term of this Agreement. During the term of
this Agreement, Licensor shall have the right to adjust preceding Royalty on its own
discretion (including, without limitation, the adjustment provided in Section 4.3 hereof).
The Parties specifically agree that the Royalty shall become payable and receivable at the
date when the Trademarks, Domain Names and Trade Names Transfer Agreement between Licensor and
Licensee becomes effective.
	 
	4.2	 	Preceding Royalty shall be calculated on a quarterly basis and shall be paid in accordance
with following:

	 	(a)	 	within 60 days after the end of each quarter, Licensee shall provide to Licensor
its unaudited financial statements for such quarter to allow Licensor to calculate the
Royalty payable for such quarter;
	 
	 	(b)	 	within 60 days after the end of each quarter, Licensor shall calculate and
determine the Royalty payable for such quarter based on Licensee’s un-audited financial
statements for such quarter provided by Licensee and provide Licensee a bill;
	 
	 	(c)	 	If Licensee fails to provide Licensor its financial statements on schedule within
60 days after the end of each quarter, Licensor shall have the right to estimate
Licensee’s gross operational revenue for such quarter to calculate the

4

 

	 	 	 	Royalty payable for such quarter and provide Licensee a bill based on such estimation;
	 
	 	(d)	 	If Licensee fails to provide Licensor its financial statements on schedule within
60 days after the end of each quarter, Licensor shall have the right to estimate
Licensee’s gross operational revenue for such quarter to calculate the Royalty payable
for such quarter and provide Licensee a bill based on such estimation;
	 
	 	(e)	 	Licensee shall fully pay to Licensor the Royalty equal to the amount stated on
the bill. Only if Licensor or Licensee discovers any calculation discrepancy on the
bill for any quarter, Licensor shall make adjustment on the bill for the quarter
following the date when the Parties make such confirmation;
	 
	 	(f)	 	with respect to any other amount due and payable by Licensee to Licensor (whether
payable under this Agreement or otherwise), Licensor shall have the right to add such
amount into a bill and request Licensee to make immediate payment.

	4.3	 	The Parties agree that the Royalties payable by Licensee to Licensor hereunder may be used to
set off the trademark, domain name and trade name transfer price (“Transfer Price”) or any
part thereof payable by Licensor to Licensee under the Trademark, Domain Name and Trade Name
Transfer Agreement (“Transfer Agreement”) entered into by the Parties on March 28, 2008. If
Licensor is required to pay to Licensee any Transfer Price in accordance with the Transfer
Agreement, Licensor shall have the right to increase the Royalties hereunder, accordingly, to
ensure the net amount of the Royalties received by Licensor after deducting the Transfer Price
is not less than the amount provided in Section 4.1 hereof.
	 
	5.	 	Taxation

All business taxes, income taxes and other taxes and levies arising from implementation of this
Agreement, whether in or outside the PRC, shall be borne by Licensee.

	6.	 	Effectiveness, Registration, Term and Termination
	 
	6.1	 	This Agreement shall become effective at the date when the respective representative duly
authorized by the Parties signs hereon.
	 
	6.2	 	Licensor shall have the exclusive discretion to take actions it deems to be appropriate to
achieve registration and renewal of the Trademarks. Licensee shall use its best efforts to
assist Licensor to achieve registration and renewal of such Trademarks with relevant PRC
government authorities in accordance with relevant PRC laws. A duplicate copy of this
Agreement shall be registered and filed with the Trademark Administration Bureau of the PRC.
Furthermore, if this Agreement is modified or terminated, Licensee shall cooperate with
Licensor to accomplish change or deregistration of this Agreement.

5

 

	6.3	 	Unless early terminated in accordance with Section 6.5 hereof, with respect to every
Trademark herein, this Agreement shall be continuously valid in the valid registration term of
such Trademark. The term of this Agreement shall be extended correspondingly, if the valid
registration term of any Trademark is renewed in the future, unless Licensor indicates
otherwise in writing three months earlier.
	 
	6.4	 	Upon expiration or termination of this Agreement, Licensee shall:

	(a)	 	immediately cease any further use of the Trademarks, Domain Names and Trade Names;
	 
	(b)	 	remove as early as possible any reference to the Trademarks, Domain Names and/or Trade Names
from Licensee’s operation (including tags, advertising materials, technical materials,
telephone number records, letterheads and stationeries, designs and marks). Any expense
arising from such removal, either conducted by Licensor or Licensee (or its agents) shall be
borne by Licensee;
	 
	(c)	 	take all necessary measures to delete from records of the Trademark Administration Bureau of
the PRC Licensee’s name registered for using the Trademarks. In addition, if Licensee fails
to take such measures, Licensor shall have the right to take all necessary actions for such
purpose with all such expenses incurred borne by Licensee;
	 
	(d)	 	cease as early as possible to use the Trade Names either in Chinese or English as a part of
its company name or business name in any form or manner; and
	 
	(e)	 	make sure that any company name or business name that Licensee may adopt or use in the future
will not contain any word or words substantially similar to the English characters or the
Chinese characters having the same effect in pronunciation and appearance of the Trademarks.
	 
	6.5	 	Notwithstanding any provision herein to the contrary, Licensor shall have the right to notify
Licensee at any time to terminate this Agreement or any party hereof before expiration.
Without consent of Licensor, Licensee may not terminate this Agreement before expiration. In
case of breach of this section, Licensee shall compensate Licensor in an amount no less than
the Royalties receivable by Licensor for the remaining term of this Agreement (including such
Royalties receivable after adjustment in accordance with this Agreement).
	 
	7.	 	Security Extension, Assignment and Sublicense
	 
	7.1	 	Licensee may not create or extend any security extension on the Trademarks, Domain Names and
Trade Names, nor lease or sublicense any other party, company or individual the use of the
Trademarks, Domain Names and Trade Names or any right or obligation hereunder. Licensor may
assign any or part of its rights and obligations hereunder to any third party by providing a
written notice to Licensee.
	 
	8.	 	Undertakings and Warranties

6

 

	8.1	 	On the execution date of this Agreement, each Party warrants and undertakes to the other
Party that the following representations are true and correct and are not breached or
misleading in any aspect:

	 	(i)	 	it is a legal person entity duly formed and effectively existing under PRC laws;
	 
	 	(ii)	 	it has all power and authority to enter into this Agreement and fulfill its
obligations hereunder;
	 
	 	(iii)	 	its authorized representative signing this Agreement has been granted full
authority to execute this Agreement in accordance with a valid power of attorney or a
resolution of board of directors or shareholders’ meeting; and
	 
	 	(iv)	 	upon execution by authorized representatives of the Parties, this Agreement,
along with its annexes, becomes legally effective to and binding on the Parties.

	8.2	 	Licensee undertakes that, upon request of Licensor, Licensee will cause its subsidiary owned
by it from time to time (which refers to any company, enterprise or other entity having legal
person qualification controlled by Licensee directly or indirectly, that is, (a) more than
half of voting rights in such entity is held by Licensee directly or indirectly; (b) more than
half of its distributable profit is held by Licensee directly or indirectly; (c) the
composition of its board of directors is controlled by Licensee directly or indirectly; or (d)
more than half of equity interest in such entity is held by Licensee directly or indirectly)
to promptly enter into with Licensee an agreement that has the same substantial content as
this Agreement, and urge such subsidiary to strictly comply with such agreement.
	 
	9.	 	Modification
	 
	9.1	 	Any modification to this Agreement shall be made in writing and become effective upon
execution by the Parties or its respective representative.
	 
	9.2	 	Unless explicitly agreed, any modification will not constitute general waiver of any
provision hereof, or affect any right, obligation or liability provided hereunder or accrued
until the date of such modification hereby. In addition, other than the right and obligation
that are modified (and only to the extent as modified), all rights and obligations of the
Parties under or in accordance with this Agreement shall remain sufficiently effective and
binding.
	 
	10.	 	Severability

If and to the extent any provision of this Agreement is deemed illegal, invalid or unenforceable,
such provision shall be invalid and deemed excluded from this Agreement, while other provisions
hereof shall not lose effect accordingly.

	11.	 	Breach of Contract

7

 

The breach of any Party hereto of any obligation or undertaking hereunder or any untrue or
misleading statement (whether intentional or not) contained in any representation made herein by
any party, which results in complete or partial unenforceability of this Agreement, shall
constitute a breach of contract of such Party, and such Party shall bear the liability for its
breach of contract. If both Parties are in breach of this Agreement, the Parties shall bear its
liability for breach of contract, respectively, as the case may be. Each Party warrants to each
other that it will fully compensate all losses incurred by the other Party due to breach of
contract of such Party.

	12.	 	Force Majeure

After execution of this Agreement, if the implementation of this Agreement is directly affected by
earthquake, typhoon, flood, war, serious market price fluctuation, nationwide industry policy
adjustment, government act and any other unforeseeable and unavoidable force majeure event, or any
Party cannot perform its obligation in accordance with this Agreement due to such force majeure
event, such Party involved in such force majeure event shall promptly notify the other party of the
event in writing. The parties will discuss and determine to terminate, change or delay
implementation of this Agreement, as the case may be, depending on effect of such force majeure
event on this Agreement.

	13.	 	Dispute Resolution and Governing Law
	 
	13.1	 	The execution, interpretation and implementation of this Agreement as well as resolution of
disputes related to this Agreement shall be governed by PRC laws.
	 
	13.2	 	All disputes under this Agreement shall be resolved through friendly discussion between the
Parties. If such dispute cannot be resolved through discussion within thirty days after such
dispute arises, any Party will have the right to submit such dispute for arbitration by the
Beijing Commission of China International Economic and Trade Arbitration Commission in
accordance with its arbitration rules effective and applicable at the time of filing such
arbitration. The arbitration award shall be final and binding on all parties involved
therein; during such arbitration, except for the matter or obligation in dispute subject to
arbitration, the Parties hereto shall continue with performance of other obligations herein.
	 
	14.	 	Miscellaneous
	 
	14.1	 	With respect to matters not covered by this Agreement, the Parties hereto agree to resolve
them in the form of written supplementary agreements. Any written supplementary agreement
related to this Agreement shall become part of this Agreement and have the same legal effect
as this Agreement.
	 
	14.2	 	This Agreement is executed in Chinese with two originals, each of which is kept by each Party
hereto, and each original shall have the same legal effect.

(The remainder of this page is intentionally left blank)

8

 

(Signature Page)

Licensor:

Legal Representative or Authorized Representative (Signature):

Licensee:

Legal Representative or Authorized Representative (Signature):

9

 

Annex I

Trademarks licensed by Licensor in accordance with this Agreement are:

	 	 	 	 	 	 	 
	 	 	 	 	Approved Category	 	Valid Registration
	Trademark Name	 	Registered Owner	 	of Service	 	Term
	 
	 	 	 	 	 	 

10

 

Annex II

Trade Names licensed by Licensor in accordance with this Agreement are:

11

 

Annex III

Domain Names licensed by Licensor in accordance with this Agreement are:

	 	 	 	 	 	 	 
	 	 	 	 	Registered	 	Expiry
	Domain Name	 	Registered Owner	 	Time	 	Time

12

 

	 	 	 	 	 	 	 
	 	 	 	 	Registered	 	Expiry
	Domain Name	 	Registered Owner	 	Time	 	Time
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 

13EX-10.6

EXHIBIT 10.6

Translation

Form
of Option and Cooperation Agreement

among

Nanning Jetlong Technology Co., Ltd.

[Affiliated Consolidated Entity]

and

[Nominee Shareholder]

1

 

Form
of Option and Cooperation Agreement

This
Option and Cooperation Agreement (this “Agreement”) is
entered into on _________ in
Beijing, the People’s Republic of China (the “PRC” or “China”) by and between:

Transferor: [Nominee Shareholder] (ID No.: )

Nationality: PRC

[Nominee Shareholder] (“Transferor”)

Address: No. 21-22, Unit 2, Building 3, Second District of Mine Area, Gansu

Transferee: Nanning Jetlong Technology Co., Ltd. (the “Transferee”)

Registered address: Room 507, Floor 5, Maohong Building, No. 15 Chuangxin West Road, Nanning

Confirming Party: [Affiliated Consolidated Entity] (“Confirming Party”)

Registered address:

Whereas:

	(1)	 	[Affiliated Consolidated Entity] (“Confirming Party”) is a limited liability company
registered and established in the PRC, and its shareholders are [Nominee Shareholder]s
(collectively, the “Shareholders of Confirming Party” or “Transferors”);
	 
	(2)	 	The registered capital of the Confirming Party is Renminbi                      yuan (RMB                     ), of which
                     contributed Renminbi                      yuan representing                     % of the registered capital, and          
           
contributed Renminbi                      yuan representing                     % of the registered capital;
	 
	(3)	 	The Transferee and the Confirming Party entered into the Trademark, Domain Name and Trade
Name License Agreement, the Exclusive Technology Support Agreement, the Trademark, Domain Name
and Trade Name Transfer Agreement on March 28, 2008. On the same day, the Shareholders of the
Confirming Party and the Transferee entered into the Security Agreement (“Security
Agreement”).

Therefore, upon friendly negotiation, the parties to this Agreement agree as follows:

Article 1 Grant of Right

	1.1	 	Each of the Transferors hereby irrevocably grants the Transferee an exclusive purchase right
which, to the extent permitted under PRC laws and subject to which the Transferee satisfies
relevant requisite qualification required by PRC laws,

2

 

	 	 	allows the Transferee to purchase or designate one or more persons (“Designee”) to purchase
all or part of the equity interest held by such Transferor in the Confirming Party at any
time at the price as provided in Article 3 hereof, following the exercise procedures provided
herein.
	 
	1.2	 	Each of the Transferors undertakes and represents to the Transferee that other than the
Transferee and/or Designee, there will be no other third party having such right to purchase
equity interest as mentioned above.
	 
	1.3	 	To the extent permitted under PRC laws and subject to which the Transferee satisfies relevant
requisite qualification required by PRC laws, the Transferee will have the right to exercise
the purchase right provided in Section 1.1 above on a timely basis in accordance with this
Agreement and purchase or cause Designee to purchase all or part of the equity interest held
by the Transferor in the Confirming Party.

Article 2 Future Transfer of Equity Interest

	2.1	 	Exercise Procedures
	 
	 	 	The parties hereto agree that, within the term of this Agreement, to the extent permitted
under PRC laws and subject to which the Transferee satisfies relevant requisite qualification
required by PRC laws, the Transferee may provide to all or part of the Transferors an Equity
Acquisition Notice (the content and form of which are attached hereto as Annex I) at any
time. Upon receiving such Equity Acquisition Notice, the relevant Transferor shall
immediately commence approval procedures concerning equity transfer with relevant regulatory
authorities as well as corresponding change registration with the industry and commerce
administration authority. During such procedures, each Transferor, Transferee and/or
Designee and the Confirming Party shall cooperate with each other actively, execute required
documents at appropriate time or provide required materials and information (including
without limitation executing an equity transfer contract, adopting a resolution and new
articles of association at a shareholders’ meeting of the Confirming Party on a timely
basis), and accomplish other procedures required by PRC laws.
	 
	 	 	Specifically, at each time when the Transferee exercises its equity purchase right:
	 
	 	 	Transferors shall cause the Confirming Party to convene a shareholders’ meeting on a timely
basis and adopt a resolution on such meeting approving transfer of equity interest by the
transferring party to Transferee and/or Designee;
	 
	 	 	Transferors shall enter into an equity transfer contract with the Transferee and/or Designee
with respect to each transfer in accordance with this contract and relevant Equity
Acquisition Notice;
	 
	 	 	Transferors, Transferee and/or Designee and the Confirming Party shall execute all other
contracts, agreements or documents as necessary, obtain all requisite

3

 

	 	 	government approvals and consents and take all necessary actions to transfer to the
Transferee and/or Designee effective ownership of transferred equity interest and record the
Transferee and/or Designee as registered owners of such transferred equity interest, to the
extent that there is not any contingent security interest. As used herein, Security Interest
includes guarantee, mortgage, pledge, third party right or interest, any warranty,
acquisition right, right of first refusal, offset right, reservation of ownership or other
security arrangement, but excludes any security interest under the Security Agreement.
	 
	2.2	 	Entire Transfer
All parties hereto unanimously agree that the
equity transfer described in this Agreement shall
include transfer of all rights and obligations
under such transferred equity interest.
	 
	 	 	
The Transferors shall cause the Confirming Party to
issue to the Transferee and/or Designee a
corresponding contribution certificate within
thirty days after obtaining the business license
from the industry and commerce administration
authority after equity transfer.

Article 3 Transfer Price and Payment

	3.1	 	When the Transferee and/or Designee acquire equity interest and the Transferors sell such
equity interest, the total price for the Transferee’s acquisition of 100% equity interest of
the Confirming Party (“Equity Purchase Price”) shall be the minimum price permitted under then
applicable PRC laws. If the Transferee and/or Designee purchase part of the equity interest
of the Confirming Party, the consideration to be paid by the Transferee for such part of the
equity interest shall be calculated in proportion to the ratio of such equity interest against
all equity interest of the Confirming Party.
	 
	3.2	 	The Transferee and/or Designee shall pay the transfer price to the accounts designated by the
Transferors on the payment date provided in the equity transfer agreement as approved by
relevant regulatory authorities.

Article 4 Representation and Warranty

	4.1	 	Each of the Transferors hereby represents and warrants to the Transferee respectively:

	 	(1)	 	as to the Transferor that is a natural person, he has full capacity to take civil
actions as well as complete ability to bear civil liability under PRC laws; as to the
Transferor that is a legal person, it is a legal person entity duly established and
effectively existing under PRC laws with good conditions and capacity to operate
legally. Upon execution, this Agreement constitutes legally valid and binding
obligation of such Transferor and is enforceable against such Transferor in accordance
with provisions herein;

4

 

	 	(2)	 	to the extent applicable, the individual signing this Agreement has been duly and
fully authorized or has the authority to execute this Agreement on behalf of such
Transferor;
	 
	 	(3)	 	the Transferor warrants that its transfer of equity interest to the Transferee
and/or Designee in accordance with this Agreement has been agreed by all creditors of
the Confirming Party including banks and other related parties and is neither in
violation of PRC laws, regulations or other provisions of relevant governmental
authorities nor in breach of any agreement that it has entered into with any third
party;
	 
	 	(4)	 	the Transferor warrants that as of the execution date of this Agreement, it has
completely fulfilled all obligations under equity transfer to make this Agreement
legally valid; and
	 
	 	(5)	 	the Transferor warrants that the equity interest owned by it is legally obtained
and held by such Transferor and the transferred equity does not and will not have any
mortgage, pledge or lien encumbrance, nor any security right of whatsoever kind of any
third party, other than any security interest under the Security Agreement.

	4.2	 	The Transferee hereby represents and warrants to the Transferors:

	 	(1)	 	the Transferee is a company established and effectively existing under PRC laws;
	 
	 	(2)	 	the Transferee has authority to execute this Agreement and the Transferee has
obtained all proper authorization and completed all internal approval procedures to
execute this Agreement; and
	 
	 	(3)	 	the individual signing this Agreement has been duly authorized and has the
authority to execute this Agreement on behalf of the Transferee.

	4.3	 	The Transferors and the Transferee represent and warrant to the other party, respectively,
that its representations and warranties made to the other party are true and there is not any
hiding, untrue or misleading statement, nor any material missing statement.

Article 5 Undertakings of Transferors and Confirming Party

	5.1	 	Each of the Transferors hereby irrevocably agrees and undertakes to the Transferee,
respectively, that when the Transferee and/or Designee exercise the purchase right against the
equity interest held by the other Transferor in the Confirming Party in accordance with this
Agreement, it will unconditionally waive its right of first refusal on the acquired equity
interest held by it as an existing shareholder of the Confirming Party under applicable laws
or the articles of association of the Confirming Party.

5

 

	5.2	 	The Transferors hereby agree and undertake to the Transferee, unless agreed by the Transferee
in writing in advance or required by the Security Agreement, not to dispose of its equity
interest in the Confirming Party in any way, including without limitation transfer, pledge or
create any claim right of whatsoever kind on such equity interest, until the Transferee and/or
Designee complete acquisition of all equity interest of the Confirming Party. The Transferors
further agree and undertake to the Transferee that it will not permit the shareholders’
meeting or the board of directors of the Confirming Party to adopt any resolution that may
have an adverse effect on the Transferee’s right on the equity interest of the Confirming
Party in accordance with this Agreement, including without limitation, transferring, pledging
or creating any claim right of whatsoever kind on such equity interest.
	 
	5.3	 	Without prior written consent of the Transferee, the Transferors will not take any action
resulting in change of business scope of the Confirming Party as approved or liquidation,
cease of operation, termination or dissolution of the Confirming Party.
	 
	5.4	 	Without prior written consent of the Transferee, the Transferors may not supplement, modify
or amend the articles of association of the Confirming Party in any way.
	 
	5.5	 	Without prior written consent by the Transferee, the Transferors may not increase or decrease
the registered capital or change the shareholding structure or shareholder contribution form
of the Target Company.
	 
	5.5	 	The Transferors will ensure that the Confirming Party continue to exist and operate its
business as well as handle its corporate affairs prudently and effectively in accordance with
well-recognized financial and commercial standards and practice.
	 
	5.6	 	Without prior written consent of the Transferee, the Transferors will not adopt any
resolution at any shareholders’ meeting at any time after execution of this Agreement
approving to sell, transfer, mortgage or otherwise dispose of any asset, business or legal or
beneficiary interest on any income of the Confirming Party or allow to create any other
security interest on such asset, business or interest (other than disposal incurred during
ordinary or daily business course).
	 
	5.8	 	Without prior written consent of the Transferee, the Transferors will not approve any
resolution at any shareholders’ meeting to create, inherit, guarantee or approve any
indebtedness of the Confirming Party, other than such indebtedness as incurred during ordinary
or daily business course but not from any borrowing.
	 
	5.9	 	The Transferors agree that all director positions of the Confirming Party will be taken by
individuals nominated by the Transferee (or its parent company, Nanning Jetlong Technology
Co., Ltd., the same hereinafter) and the Transferors will cause [Affiliated Consolidated
Entity] to appoint individuals nominated by the Transferee as the General Manager, Financial
Controller and other senior officers of the Target Company. Such individuals nominated by the
Transferee in accordance with this

6

 

	 	 	section shall satisfy statutory qualifications as directors, general managers, financial
controllers and other senior officers provided by applicable laws.
	 
	5.10	 	The Transferors undertake to take all necessary actions to cause the Confirming Party to
implement the Exclusive Technology Support Agreement and the Trademark, Domain Name and Trade
Name License Agreement entered into by them with the Transferee on March 28, 2008.
	 
	5.10	 	Subject to provisions of PRC laws, the Transferors undertake to act actively and accomplish
all necessary procedures and obtain all necessary approvals (other than delay due to reasons
of non-Transferors’ fault) for equity transfer, within ninety days after receiving an Equity
Transfer Notice from the Transferee.
	 
	5.12	 	Each of the Transferors agrees, subject to provisions of PRC laws, upon request of the
Transferee, to transfer its respective portion in the registered capital of the Confirming
Party to the Transferee or Designee, as requested by the Transferee. For purpose of such
transfer, the Transferors execute the undertaking letter attached hereto as Annex II.
	 
	5.13	 	The Confirming Party agrees that subject to provisions of PRC laws and in accordance with
this Agreement, each of the Transferors may transfer its respective equity interest to
Transferee or Designee, as requested by the Transferee. For purpose of such transfer, the
Confirming Party executes the undertaking letter attached hereto as Annex II.
	 
	5.14	 	The Transferors shall ensure that the Transferee will be invited to attend shareholders’
meetings and board meetings of the Confirming Party.
	 
	5.15	 	Each of the Transferors agrees to irrevocably authorize the Transferee or other person
designated by the Transferee to exercise any of its voting rights and any other shareholder’s
right held by it as the shareholder of the Confirming Party.
	 
	5.16	 	Each of the Transferors shall cause its respective representatives on the board of directors
of the Confirming Party not to pay any dividend or announce any resolution to pay any dividend
to the Transferors, unless agreed by the Transferee in writing in advance.
	 
	5.17	 	The Transferors undertake to consult with the Transferee in advance before it exercises any
shareholder’s right against the Confirming Party in accordance with PRC laws and regulations
and the articles of association and follow the advice of the Transferee, provided that, such
advice of the Transferee shall not violate any PRC law or regulation.
	 
	5.18	 	Each of the Transferors shall cause its respective representatives on the board of directors
of the Confirming Party to consult with the Transferee in advance before they exercise any
director’s right against the Confirming Party in accordance with PRC laws and regulations and
the articles of association and follow the advice of

7

 

	 	 	the Transferee, provided that, such advice of the Transferee shall not violate any PRC law or
regulation.
	 
	5.19	 	The Transferors and the Confirming Party shall allow the Transferee and its representative to
review all accounts, records and other corporate documents of the Confirming Party in a
reasonable period and shall agree to the Transferee’s request to review corporate documents of
the Confirming Party.
	 
	5.20	 	The Transferors shall ensure that without prior written consent of the Transferee, the
Confirming Party will not file any litigation or arbitration proceeding, nor make any
settlement with respect to any litigation or arbitration proceeding involving the Confirming
Party.
	 
	5.21	 	The Transferors shall ensure that the Confirming Party will completely fulfill its
obligations under the Trademark, Domain Name and Trade Name License Agreement and the
Exclusive Technology Support Agreement entered by it with the Transferee on March 28, 2008.
	 
	5.22	 	Each of the Transferors agrees that to the extent permitted by applicable laws, if it
transfers its equity interest in the Confirming Party in accordance with this Agreement, it
will sign a donation statement before receiving relevant transfer price, specifying that it
will donate such transfer price received to the Confirming Party within 60 days. The
Transferors agree to pay for all taxes, expenses and charges levied due to such transfer price
on its own account.
	 
	5.23	 	Without prior written consent of the Transferee, the Confirming Party may not sell, transfer,
gift, mortgage, or otherwise dispose of its assets to its shareholders.
	 
	5.24	 	Without prior written consent of the Transferee, the Confirming Party may not terminate the
Trademark, Domain Name and Trade Name License Agreement, the Exclusive Technology Support
Agreement and the Option and Cooperation Agreement entered into by it with the Transferee, nor
enter into any other agreement that may have an adverse effect on the implementation of any
such agreement with the Transferee as mentioned above.
	 
	5.25	 	Without prior written consent of the Transferee, the Confirming Party may not borrow from any
third party or secure for any third party, nor bear any liability for any matter beyond
ordinary operation of the Confirming Party.
	 
	5.26	 	Without prior written consent of the Transferee, the Confirming Party may not merge with or
acquire any member enterprise.
	 
	5.27	 	Without prior written consent of the Transferee, the Confirming Party may not transfer its
asset into any account of any other company or individual.
	 
	5.28	 	Without prior written consent of the Transferee, the Confirming Party may not assist any of
its shareholders in transferring in any form any equity interest in it.

8

 

	5.29	 	Without prior written consent of the Transferee, the Confirming Party may not waive any of
its creditor’s rights or any right to any interest.

Article 6 Rights and Obligations of Transferor

	6.1	 	The Transferors shall be responsible to accomplish all approvals and registration procedures
for equity transfer hereunder on a timely basis in accordance with this Agreement and shall
promptly notify the Transferee in case of extension of such period.
	 
	6.2	 	Upon execution of this Agreement, as requested by the Transferee, the Transferors shall issue
or execute legal documents, application documents and other documents necessary for
accomplishment of equity transfer hereunder and relevant matters.
	 
	6.3	 	Upon receiving an Equity Acquisition Notice, as requested by the Transferee, the Transferors
shall provide to the Transferee filing documents, legal documents and accounting documents
related to the Confirming Party.

Article 7 Rights and Obligations of Transferee

	7.1	 	The Transferee shall have the right to engage an auditor to audit the accounts and records of
the Confirming Party.
	 
	7.2	 	To ensure meeting the cash flow requirement during ordinary operation of the Confirming Party
or set off any loss accrued during the operation of the Confirming Party, the Transferee
agrees to, as requested by the Confirming Party and to the extent without violation of any
law, provide financing support for the Confirming Party, whether the Confirming Party incurs
any loss in operation or not. Such financing support of the Transferee may take the form of
entrusted loans/borrowings. Entrusted loans/borrowings contracts will be executed separately.

Article 8 Breach of Contract

	8.1	 	The breach of any party hereto of any obligation or undertaking hereunder or any untrue or
misleading statement (whether intentional or not) contained in any representation made herein
by any party, which results in complete or partial unenforceability of this Agreement, shall
constitute a breach of contract of such party and such party shall bear the liability for its
breach of contract and fully compensate all losses incurred by the other party due to such
breach of contract.

Article 9 Force Majeure

	9.1	 	After execution of this Agreement, if the implementation of this Agreement is directly
affected by earthquake, typhoon, flood, war, nationwide industry policy adjustment, government
act and any other unforeseeable and unavoidable force majeure event, or any party cannot
perform its obligation in accordance with this Agreement due to such force majeure event, such
party involved in such force majeure event shall promptly notify the other party of the event
in writing. The

9

 

	 	 	parties will discuss and
determine to terminate,
change or delay
implementation of this
Agreement, as the case may
be, depending on the effect
of such force majeure event
on this Agreement.

Article 10 Term

	10.1	 	This Agreement shall become effective on the date when the parties hereto or their duly
authorized representatives sign hereon, with a term of twenty years commencing on the
execution date, unless terminated before expiration in accordance with this Agreement or
provisions of relevant agreements entered into by the parties separately. During such term,
the Transferee may acquire from the Transferors the equity interest of the Confirming Party in
accordance with this Agreement. If the Transferee and/or Designee have acquired all equity
interest of the Confirming Party before the term above mentioned expires, this Agreement shall
automatically terminate in advance as its performance has been fulfilled. If there is any
part of the equity interest of the Confirming Party not acquired by the Transferee or Designee
at the time when the term of this Agreement expires (including expiration of any renewed
term), this Agreement shall be automatically renewed for another twenty years.

Article 11 Special Agreement

	11.1	 	Unless agreed by the Transferee in writing, the Transferors may not assign any of their
rights or obligations hereunder to any person.
	 
	11.2	 	The Transferee shall have the right to assign its rights and obligations hereunder.
	 
	11.3	 	This Agreement shall be binding on inheritors of the Transferors.

Article 12 Miscellaneous

	12.1	 	With respect to matters not covered by this Agreement, both parties hereto agree to resolve
in the form of written supplementary agreements. Any written supplementary agreement related
to this Agreement will be part of this Agreement and have the same legal effect as this
Agreement.
	 
	12.2	 	The execution, interpretation and implementation of this Agreement as well as resolution of
disputes related to this Agreement shall be governed by PRC laws.
	 
	12.3	 	All disputes related to this Agreement shall be resolved through friendly discussion between
the parties. If such dispute cannot be resolved through discussion within thirty days after
such dispute arises, any party will have the right to submit such dispute for arbitration by
the Beijing Commission of China International Economic and Trade Arbitration Commission in
accordance with its arbitration rules. The arbitration award shall be final and binding on
all parties involved therein; during such arbitration, except for the matter or obligation in
dispute subject to arbitration, both parties shall continue with performance of other
obligations herein.

10

 

	12.4	 	This Agreement is executed in Chinese with three originals, each of which is kept by each
party hereto and each original shall have the same legal effect.

(The remainder of this page intentionally left blank)

11

 

Annex I Format of Equity Acquisition Notice

Nanning Jetlong Technology Co., Ltd.

Notice regarding Acquisition of Equity Interest

in [Affiliated Consolidated Entity]

	To: [Nominee Shareholder]

     In accordance with the Option and Cooperation Agreement entered into between us and all
shareholders of [Affiliated Consolidated Entity], including you, on _________, we now decide
to acquire directly the                     % registered capital of the Confirming Party held by you.

	 	(1)	 	The consideration for acquiring such                     % contribution mentioned above will not
exceed Renminbi                      yuan or equivalent US Dollars.
	 
	 	(2)	 	Relevant documents related to this acquisition (including without limitation an
equity transfer agreement with you and the relevant resolution of the shareholders’
meeting of the Confirming Party) will be legally and duly executed no
later than _________.

     You shall accomplish approval and corresponding registration procedures for equity transfer
described above within ninety days after receipt of this notice and we will assist you to prepare
relevant documents as necessary.

     Best Regards

Legal Representative or Authorized Representative (signature):

12

 

Annex II Format of Undertaking Letter

Undertaking Letter

To: Nanning Jetlong Technology Co., Ltd.

Whereas:

Nanning Jetlong Technology Co., Ltd. (“Transferee”) and [Affiliated Consolidated Entity]
(“Confirming Party”) as well as the latter’s shareholders entered into an Option and Cooperation
Agreement (“Option and Cooperation Agreement”) on _________.

During the period from execution of the Option and Cooperation Agreement and untill accomplishment
of relevant procedures for equity interest thereunder, the Confirming Party and its shareholders
agree to make the following irrevocable undertakings.

The shareholders undertake:

	1.	 	not to dispose in any form its portion in the registered capital of the Confirming Party
(“Equity Interest”), including without limitation, transfer, pledge or create any claim right
of whatsoever kind on such Equity Interest, other than the pledge created in accordance with
the Security Agreement entered into between the shareholders and the Transferee on _________.
	 
	2.	 	not to take any action which may result in change of business scope of the Transferee as
approved or liquidation or de-registration of the company.
	 
	3.	 	to take all necessary actions to cause the Confirming Party to implement the Trademark,
Domain Name and Trade Name License Agreement and the Exclusive Technology Support Agreement
entered into by them with the Transferee on _________.

to transfer the 80% registered capital of the Confirming Party held by it to the Transferee or its
designee in accordance with PRC laws; to complete all necessary procedures within 90 days after
receiving an Equity Acquisition Notice from the Transferee.

The Confirming Party undertakes:

	1.	 	upon receiving an Equity Acquisition Notice from the Transferee, to actively go through
appropriate procedures during such transfer; and
	 
	2.	 	to implement the Trademark, Domain Name and Trade Name License Agreement and the Exclusive
Technology Support Agreement entered into between it and the Trasferee.

Above undertakings shall become effective upon signing or affixing seal hereon.

13

 

(Signature Page)

Transferor:

[Nominee Shareholder] (Signature):

Transferee:

Legal Representative or Authorized Representative (Signature):

Nanning Jetlong Technology Co., Ltd. (Seal affixed)

Confirming Party:

Legal Representative or Authorized Representative (Signature):

[Affiliated Consolidated Entity] (Seal affixed)

14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}]]