Document:

Exhibit 10.29

 

Loan
Agreement

 

This
Loan Agreement (this “Agreement”) is made and entered into by and between the
Parties below as of April 8, 2010 in Beijing, People’s Republic of China
(the “PRC” or “China”):

 

(1)                        ChinaCache Network Technology (Beijing) Co., Ltd.  (“Lender”), a limited liability company organized
and existing under the laws of the PRC, with its address at Floor 6, Tower A,
Galaxy Plaza, No.10 Jiu Xian Qiao Middle Road, Chaoyang District, 100016,
Beijing;

 

(2)                        Xiurong  Mei (“Borrower”),
a citizen of the PRC with Chinese Identification No.:            .

 

Each of the Lender and the Borrower shall be hereinafter
referred to as a “Party” respectively, and as the “Parties” collectively.

 

Whereas:

 

1.                             Borrower intends to acquire a limited liability company— Shanghai Jnet Telcom Co., Ltd. (“Domestic Company”) in Shanghai,
China.  The proposed registered capital
of the Domestic Company is RMB1,000,000, among which, Borrower intends to
purchase 3% of the equity interest of the Domestic Company (“Borrower Equity Interest”) with RMB30,000;

 

2.                             Lender intends to provide Borrower with a loan to
be used for the purposes set forth under this Agreement.

 

1                     Loan

 

1.1                      In accordance with the terms and conditions of this Agreement, Lender
agrees to provide a loan in USD equivalent to the amount of RMB 30,000 (the “Loan”)
to Borrower. The term of the Loan
shall be ten years
from the date of this Agreement, which may be extended upon mutual written
consent of the Parties.  During the term of the Loan or the extended term of the Loan, Borrower shall immediately repay
the full amount of the Loan  in the event any one or more of the following  circumstances occur:

 

1.1.1                        30 days elapse after  Borrower receives a written notice from Lender requesting repayment of the Loan;

 

1.1.2                        Borrower ceases (for any reason) to be an employee
of Lender or its affiliates;

 

1.1.3                        Borrower engages in criminal act or is involved in
criminal activities;

 

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1.1.4                        According to the applicable laws of China, foreign
investors are permitted to invest in the value-added telecommunication services
business in China with a controlling stake or in the form of
wholly-foreign-owned enterprises, the relevant competent authorities of China
begin to approve such investments, and Lender exercises the exclusive option
under Section 4.1.1 and 4.2.5 of the Exclusive Option Agreement (the “Exclusive
Option Agreement”) described in this Agreement.

 

1.2                       Lender agrees to remit such amount of the Loan to
the account designated by Borrower within 20 days after receiving a written
notification from the Borrower regarding the same, provided that all the
conditions precedent in Section 2 are fulfilled. Borrower shall provide
Lender with a written receipt for the Loan on the date of receiving the Loan.
The Loan provided by Lender under this Agreement shall inure to Borrower’s
benefit only and not to Borrower’s successors or assigns.

 

1.3                       Borrower agrees to accept the aforementioned Loan
provided by Lender, and hereby agrees and warrants using the Loan to purchase
the registered capital of the Domestic Company in Shanghai, China. Borrower
will thereby become a shareholder to the Domestic Company holding 3% of the
latter’s equity interest (“Borrower Equity Interest”).  Borrower agree to provide a full set of the
Domestic Company’s registration documents (copies), business license and
articles of association within 60 days following the execution of this
Agreement. Without Lender’s prior written consent, Borrower shall not use the Loan
for any purpose other than as set forth herein.

 

1.4                       Lender and Borrower hereby agree and acknowledge
that Borrower’s method of repayment shall be at the sole discretion of Lender,
and may at Lender’s option take the form of Borrower’s transferring the
Borrower Equity Interest in whole to Lender or Lender’s designated persons
(legal or natural persons) pursuant to the Lender’s exercise of its right to
acquire the Borrower Equity Interest under the Exclusive Option Agreement
executed by Lender, Borrower and Domestic Company.

 

1.5                       Lender and Borrower hereby agree and acknowledge
that any proceeds from the transfer of the Borrower Equity Interest (to the
extent permissible) shall be used to repay the Loan to Lender, in accordance
with this Agreement and in the manner designated by Lender.

 

1.6                       Lender and Borrower hereby agree and acknowledge
that to the extent permitted by applicable laws, Lender shall have the right
but not the obligation to purchase or designate other persons (legal or natural
persons) to purchase Borrower Equity Interest in part or in whole at any time,
at the price stipulated in the Exclusive Option Agreement.

 

1.7                       Borrower also undertakes to execute an irrevocable Power of Attorney
(the “Power of Attorney”, please refer to Sectin 4.2.4), which authorizes a
legal

 

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or
natural person designated by Lender to exercise all of Borrower’s rights as a
shareholder of Domestic Company.

 

2                     Conditions Precedent

 

The obligation of Lender to provide the Loan to Borrower
contemplated in Section 1.1 shall be subject to the satisfaction of the
following conditions, unless waived in writing by Lender.

 

2.1                      Lender receives the written notification for
drawdown under the Loan sent by Borrower according to Section 1.2.

 

2.2                      All the representations and warranties by Borrower
in Section 3.2 are true, complete, correct and not misleading.

 

2.3                      Borrower has not violated the covenants in Section 4
of this Agreement, and no event which may affect Borrower’s performance of its
obligations under this Agreement has occurred or is expected to occur.

 

3                     Representations and Warranties

 

3.1                      Between the date of this Agreement and the date of
termination of this Agreement, Lender hereby makes the following
representations and warranties to Borrower:

 

3.1.1                        Lender is a corporation duly organized and legally
existing in accordance with the laws of the PRC;

 

3.1.2                      Lender has the legal capacity to execute and perform this Agreement. The
execution and performance by Lender of this Agreement is consistent with Lender’s
scope of business and the provisions of Lender’s corporate bylaws and other
organizational documents, and Lender has obtained all necessary and proper
approvals and authorizations for the execution and performance of this
Agreement; and

 

3.1.3                      This Agreement constitutes Lender’s legal, valid
and binding obligations enforceable in accordance with its terms.

 

3.2                       Between the date of this Agreement and the date of
termination of this Agreement, Borrower hereby makes the following
representations and warranties:

 

3.2.1                      Borrower has the legal capacity to execute and
perform this Agreement. Borrower has obtained all necessary and proper
approvals and authorizations for the execution and performance of this
Agreement;

 

3.2.2                      This Agreement constitutes Borrower’s legal, valid
and binding obligations enforceable in accordance with its terms; and

 

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3.2.3                      There are no disputes, litigations, arbitrations,
administrative proceedings or any other legal proceedings relating to Borrower,
nor are there any potential disputes, litigations, arbitrations, administrative
proceedings or any other legal proceedings relating to Borrower.

 

4                     Borrower’s Covenants

 

4.1                       As and when he becomes, and for so long as he
remains a shareholder of Domestic Company, Borrower covenants irrevocably that
during the term of this Agreement, Borrower shall cause Domestic Company:

 

4.1.1                      to execute an Exclusive Option Agreement with
Borrower and Lender, according to which Borrower will irrevocably grant an
exclusive option to Lender to purchase all of the Borrower Equity Interest; to
execute the above Exclusive Option Agreement as soon as possible after the
updated business license of Domestic Company is issued, and to obtain all
relevant governmental approvals, registrations or filings (if necessary);

 

4.1.2                      to strictly abide by the provisions of the
Exclusive Option Agreement and the Exclusive Business Cooperation Agreements
executed with Lender on January 10, 2008, and to refrain from any
action/omission that may affect the effectiveness and enforceability of the
Exclusive Option Agreement and the Exclusive Business Cooperation Agreement;

 

4.1.3                      at the request of Lender (or a party designated by
Lender), to execute contracts/agreements on business cooperation with Lender
(or a party designated by Lender), and to strictly abide by such
contracts/agreements;

 

4.1.4                      to provide Lender with all of the information on Borrower Company’s
business operations and financial condition at Lender’s request;

 

4.1.5                      to immediately notify Lender of the occurrence or
possible occurrence of any litigation, arbitration or administrative
proceedings relating to Borrower Company’s assets, business or income;

 

4.1.6                      at the request of Lender, to appoint any persons designated by Lender as
directors of Borrower Company;

 

4.1.7                      without the prior written consent of Lender, not
to supplement, change, or amend its articles of association in any manner,
increase or decreases its registered capital or change its share capital
structure in any manner.

 

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4.1.8                      to maintain its corporate existence in accordance with good financial
and commercial standars and practice, and diligently and effectively manage its
business and handle its matters;

 

4.1.9                      without the prior written consent of Lender, not sell, transfer,
mortgage or dispose of in any other manner any legal or beneficial interests in
its assets, business or incomes, or allow establishment of any other collateral
interests thereon;

 

4.1.10                without the prior written consent of Lender, not
to incur, inherit, guarantee or allow the existence of any debts, except for (i) those
incurred in the ordinary or daily course of business other than by loans, and (ii) those
disclosed to Lender and to which Lender has consented to in writing;

 

4.1.11                to
operate all of its business in ordinary course of business to maintain its
asset value;

 

4.1.12                without
the prior written consent of Lender, not to enter into any material contracts
(for the purpose of this paragraph, if the value of a contract exceeds
RMB100,000, such contracts shall be deemed a material contract), except for
those entered into in the ordinary course of business;

 

4.1.13                without
the prior written consent of Lender, not to provide loans or credit to any
persons;

 

4.1.14                to purchase and maintain insurance with insurance
company accepted by Lender, the amount and type of such insurance shall be the
same or have the same level with those purchased by companies which operate
similar business and own similar property or assets in the same district;

 

4.1.15                without the prior written consent of Lender, not
to consolidate or merge with any entities, or purchase or invest in any
entities;

 

4.1.16                to execute all necessary or appropriate documents,
adopt all necessary or appropriate actions and bring all necessary or
appropriate claims or make all necessary or appropriate defends to all claims
so as to maintain ownership to all of its assets;

 

4.1.17                without the prior written consent of Lender, not
to issue dividends in any forms to the shareholders, however, upon request by
Lender, to distribut all or part of its distributable profits to the
shareholders.

 

4.2                       Borrower covenants that during the term of this
Agreement, he shall:

 

4.2.1                      To compelte the acquisition of the Domestic
Company in accordance with the PRC laws within 60 days after the execution of
this Agreement;

 

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4.2.2                      To make all contributions corresponding to the
Borrower Equity Interest in accordance with relevant laws, and provide Lender
with a capital verification report regarding such contribution issued by
qualified accounting firm;

 

4.2.3                      To use best efforts to cause Domestic Company to engage in current value-added
telecommunication service business;

 

4.2.4                      to execute an irrevocable Power of Attorney, which
authorizes Lender or Lender’s designated person (legal or natural person) to
exercise all of Borrower’s rights as a shareholder in Domestic Company, and
refrain from exercising such shareholder rights except for those otherwise
specified in this Agreement, the Share Pledge Agreement (defined as follows) or
by Lender.

 

4.2.5                      to execute an Exclusive Option Agreement with
Lender and Domestic Company, under which Borrower shall irrevocably grant
Lender an exclusive option to purchase all of the Borrower Equity Interest;

 

4.2.6                      to execute a Share Pledge Agreement with Lender
and Domestic Company (“Share Pledge Agreement”), under which Borrower agrees to
pledge all of Borrower Equity Interest to Lender;

 

4.2.7                      To execute the above power of attorney, Exclusive
Option Agreement and Share Pledge Agreement as soon as possible after issuance
of the business license of Domestic Company, and obtain all relevant governmental
approvals, registrations or filings (if necessary);

 

4.2.8                      To strictly comply with this Agreement, the power of attorney, Share
Pledge Agreement and Exclusive Option Agreement, and perform its obligations
under such documents, and not no commit any actions/inactions that may affect
the validity and enforceability of such documents;

 

4.2.9                      not to sell, transfer, mortgage or dispose of in any other manner the
legal or beneficial interest in Borrower Equity Interest, or allow the
encumbrance thereon of any security interest or the encumbrance, except in
accordance with the Share Pledge Agreement;

 

4.2.10                To
cause any shareholders’ meeting and/or the board of directors of Domestic
Company not to approve the sale, transfer, mortgage or disposition in any other
manner of any legal or beneficial interest in Borrower Equity Interest, or
allow the encumbrance thereon of any security interest, except to Lender or
Lender’s designated person;

 

4.2.11                To cause any shareholders’ meeting and/or the
board of directors of the Borrower Company not to approve the merger or
consolidation

 

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of Borrower Company with any
person, or its acquisition of or investment in any person, without the prior
written consent of Lender;

 

4.2.12                To immediately notify Lender of the occurrence or
possible occurrence of any litigation, arbitration or administrative
proceedings relating to Borrower Equity Interest;

 

4.2.13                to
the extent necessary to maintain his ownership of the Borrower Equity Interest,
to execute all necessary or appropriate documents, take all necessary or
appropriate actions and file all necessary or appropriate complaints or raise
necessary and appropriate defense against all claims;

 

4.2.14                without the prior written consent of Lender, to
refrain from any action / omission that may have a material impact on the
assets, business and liabilities of Borrower Company;

 

4.2.15                To appoint any designee of Lender as director of
Borrower Company, at the request of Lender;

 

4.2.16                to the extent permitted by the laws of China, at
the request of Lender at any time, to promptly and unconditionally transfer all
of Borrower Equity Interest to Lender or Lender’s designated representative(s) at
any time, and cause the other shareholders of Domestic Company to waive their
right of first refusal with respect to the share transfer described in this
Section;

 

4.2.17                to the extent permitted by the laws of China, at
the request of Lender at any time, to cause the other shareholders of Domestic
Company to promptly and unconditionally transfer all of their equity interests
to Lender or Lender’s designated representative(s) at any time, and
Borrower hereby waives his right of first refusal (if any) with respect to the
share transfer described in this Section;

 

4.2.18                in the event that Lender purchases Borrower Equity
Interest from Borrower in accordance with the provisions of the Exclusive
Option Agreement, use such purchase price obtained thereby to repay the Loan to
Lender; and

 

4.2.19                without the prior written consent of Lender, not
to supplement, change, or amend its articles of association in any manner,
increase or decreases its registered capital or change its share capital
structure in any manner.

 

5                     Liability for Default

 

5.1                       In the event either Party breaches this Agreement or otherwise causes
the non-performance of this Agreement in part or in whole, the Party shall be
liable for such breach and shall compensate all damages (including

 

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litigation
and attorneys fees) resulting therefrom. In the event that both Parties breach
this Agreement, each Party shall be liable for its respective breach.

 

5.2                       In the event that Borrower fails to perform the repayment obligations
set forth in this Agreement, Borrower shall pay overdue interest of 0.01% per
day for the outstanding payment, until the day Borrower repays the full
principal of the Loan, overdue interests and other payable amounts.

 

6                     Notices

 

6.1                       All notices and other communications required or permitted to be given
pursuant to this Agreement shall be delivered personally or sent by registered
mail, postage prepaid, by a commercial courier service or by facsimile
transmission to the address of such Party set forth below.  A confirmation copy of each notice shall also
be sent by email.  The dates on which
notices shall be deemed to have been effectively given shall be determined as
follows:

 

6.1.1             Notices given by personal delivery, by courier service or by registered
mail, postage prepaid, shall be deemed effectively given on the date of
delivery.

 

6.1.2             Notices given by facsimile transmission shall be deemed effectively
given on the date of successful transmission (as evidenced by an automatically
generated confirmation of transmission).

 

6.2                       For the purpose of notices, the addresses of the Parties are as follows:

 

Lender:               ChinaCache
Network Technology (Beijing) Co., Ltd.

Address:             Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian
Qiao Middle Road, Chaoyang District, 100016, Beijing

Facsimile:                  +  8610-6437 4251

 

Borrower:          Xiurong Mei

Address:             Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian
Qiao Middle Road, Chaoyang District, 100016, Beijing

Facsimile:            +  8610-6437 4251

 

6.3                       Any Party may at any time change its address for notices by a notice
delivered to the other Party in accordance with the terms hereof.

 

7                     Confidentiality

 

The Parties acknowledge that
any oral or written information exchanged among them with respect to this
Agreement, the contents of the Agreement and the preparation or performance
thereof is confidential information. The Parties shall maintain the
confidentiality of all such information, and without the written consent of
other Party, either Party shall not disclose any relevant information to

 

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any third party, except in
the following circumstances: (a) such information is or will be in the
public domain (provided that this is not the result of a public disclosure by
the receiving party); (b) information disclosed as required by applicable
laws or rules or regulations of any stock exchange, or orders by
governmental authorities or court; or (c) information required to be
disclosed by any Party to its shareholders, investors, legal counsel or
financial advisor regarding the transaction contemplated hereunder, and such
shareholders, investors, legal counsel or financial advisor are also bound by
confidentiality duties similar to the duties in this section. Disclosure of any
confidential information by the staff members or agency hired by any Party
shall be deemed disclosure of such confidential information by such Party,
which Party shall be held liable for breach of this Agreement. This section
shall survive the termination of this Agreement for any reason.

 

8                     Governing Law and Resolution of Disputes

 

8.1            The
execution, effectiveness, construction, performance, amendment and termination
of this Agreement and the resolution of disputes shall be governed by the laws
of China.

 

8.2            In
the event of any dispute with respect to the construction and performance    of this Agreement, the Parties shall first
resolve the dispute through friendly negotiations. In the event the Parties
fail to reach an agreement on the dispute within 30 days after either Party’s
request to the other Party for resolution of the dispute through negotiations,
either Party may submit the relevant dispute to the China International
Economic and Trade Arbitration Commission for arbitration, in accordance with
its then effective arbitration rules. The arbitration shall be conducted in
Beijing, and the language used in arbitration shall be Chinese. The arbitration
award shall be final and binding on all Parties.

 

8.3            Upon the occurrence of any disputes arising from
the construction and performance of this Agreement or during the pending
arbitration of any dispute, except for the matters under dispute, the Parties
to this Agreement shall continue to exercise their respective rights under this
Agreement and perform their respective obligations under this Agreement.

 

9                     Miscellaneous

 

9.1            This Agreement shall become effective on the date
thereof, and shall expire upon the date of full performance by the Parties of
their respective obligations under this Agreement.

 

9.2            This Agreement shall be written in both Chinese
and English language in two copies, each Party having one copy with equal legal
validity. In case there is any conflict between the Chinese version and the
English version, the Chinese version shall prevail.

 

9.3            This
Agreement may be amended or supplemented through written agreement by and
between Lender and Borrower. Such written amendment

 

9

 

agreement and/or supplementary agreement executed
by and between Lender and Borrower are an integral part of this Agreement, and
shall have the same legal validity as this Agreement.

 

9.4            In the event that one or several of the provisions
of this Agreement are found to be invalid, illegal or unenforceable I n any
aspect in accordance with any laws or regulations, the validity, legality or enforceability
of the remaining provisions of this Agreement shall not be affected or
compromised in any respect. The Parties shall strive in good faith to replace
such invalid, illegal or unenforceable provisions with effective provisions
that accomplish to the greatest extent permitted by law the intentions of the
Parties, and the economic effect of such effective provisions shall be as close
as possible to the economic effect of those invalid, illegal or unenforceable
provisions.

 

9.5            The attachments (if any) to this Agreement shall
be an integral part of this Agreement and shall have the same legal validity as
this Agreement.

 

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IN WITNESS THEREOF, the
parties have caused their authorized representatives to sign this Loan
Agreement on the date first above written.

 

 

Lender:     ChinaCache
Network Technology (Beijing) Co., Ltd.

 

 

	
  By:

  	
      /s/ Song Wang

  	
   

  
	
  Name: Song Wang

  	
   

  
	
  Title: Legal Representative

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Borrower:
  Xiurong
  Mei

  	
   

  
	
   

  	
   

  
	
  By:

  	
          /s/
  Xiurong Mei

  	
   

  

 

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Loan
Agreement

 

This
Loan Agreement (this “Agreement”) is made and entered into by and between the
Parties below as of April 8, 2010 in Beijing, People’s Republic of China
(the “PRC” or “China”):

 

(1)                        ChinaCache Network Technology (Beijing) Co., Ltd.  (“Lender”), a limited liability company organized
and existing under the laws of the PRC, with its address at Floor 6, Tower A,
Galaxy Plaza, No.10 Jiu Xian Qiao Middle Road, Chaoyang District, 100016,
Beijing;

 

(2)                        Yongkai Mei (“Borrower”), a citizen of the PRC with Chinese
Identification No.:            .

 

Each of the Lender and the Borrower shall be hereinafter
referred to as a “Party” respectively, and as the “Parties” collectively.

 

Whereas:

 

1.                             Borrower intends to acquire a limited liability company— Shanghai Jnet Telcom Co., Ltd. (“Domestic Company”) in Shanghai,
China.  The proposed registered capital
of the Domestic Company is RMB1,000,000, among which, Borrower intends to
purchase 3% of the equity interest of the Domestic Company (“Borrower Equity Interest”) with RMB30,000;

 

2.                             Lender intends to provide Borrower with a loan to
be used for the purposes set forth under this Agreement.

 

1                     Loan

 

1.1                      In accordance with the terms and conditions of this Agreement, Lender
agrees to provide a loan in USD equivalent to the amount of RMB 30,000 (the “Loan”)
to Borrower. The term of the Loan
shall be ten years
from the date of this Agreement, which may be extended upon mutual written
consent of the Parties.  During the term of the Loan or the extended term of the Loan, Borrower shall immediately repay
the full amount of the Loan  in the event any one or more of the following  circumstances occur:

 

1.1.1                        30 days elapse after  Borrower receives a written notice from Lender requesting repayment of the Loan;

 

1.1.2                        Borrower ceases (for any reason) to be an employee
of Lender or its affiliates;

 

1.1.3                        Borrower engages in criminal act or is involved in
criminal activities;

 

1

 

1.1.4                        According to the applicable laws of China, foreign
investors are permitted to invest in the value-added telecommunication services
business in China with a controlling stake or in the form of
wholly-foreign-owned enterprises, the relevant competent authorities of China
begin to approve such investments, and Lender exercises the exclusive option
under Section 4.1.1 and 4.2.5 of the Exclusive Option Agreement (the “Exclusive
Option Agreement”) described in this Agreement.

 

1.2                       Lender agrees to remit such amount of the Loan to
the account designated by Borrower within 20 days after receiving a written
notification from the Borrower regarding the same, provided that all the
conditions precedent in Section 2 are fulfilled. Borrower shall provide
Lender with a written receipt for the Loan on the date of receiving the Loan.
The Loan provided by Lender under this Agreement shall inure to Borrower’s
benefit only and not to Borrower’s successors or assigns.

 

1.3                       Borrower agrees to accept the aforementioned Loan
provided by Lender, and hereby agrees and warrants using the Loan to purchase
the registered capital of the Domestic Company in Shanghai, China. Borrower
will thereby become a shareholder to the Domestic Company holding 3% of the
latter’s equity interest (“Borrower Equity Interest”).  Borrower agree to provide a full set of the
Domestic Company’s registration documents (copies), business license and
articles of association within 60 days following the execution of this
Agreement. Without Lender’s prior written consent, Borrower shall not use the
Loan for any purpose other than as set forth herein.

 

1.4                       Lender and Borrower hereby agree and acknowledge
that Borrower’s method of repayment shall be at the sole discretion of Lender,
and may at Lender’s option take the form of Borrower’s transferring the
Borrower Equity Interest in whole to Lender or Lender’s designated persons
(legal or natural persons) pursuant to the Lender’s exercise of its right to
acquire the Borrower Equity Interest under the Exclusive Option Agreement
executed by Lender, Borrower and Domestic Company.

 

1.5                       Lender and Borrower hereby agree and acknowledge
that any proceeds from the transfer of the Borrower Equity Interest (to the
extent permissible) shall be used to repay the Loan to Lender, in accordance
with this Agreement and in the manner designated by Lender.

 

1.6                       Lender and Borrower hereby agree and acknowledge
that to the extent permitted by applicable laws, Lender shall have the right
but not the obligation to purchase or designate other persons (legal or natural
persons) to purchase Borrower Equity Interest in part or in whole at any time,
at the price stipulated in the Exclusive Option Agreement.

 

1.7                       Borrower also undertakes to execute an irrevocable Power of Attorney
(the “Power of Attorney”, please refer to Sectin 4.2.4), which authorizes a
legal

 

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or
natural person designated by Lender to exercise all of Borrower’s rights as a
shareholder of Domestic Company.

 

2                     Conditions Precedent

 

The obligation of Lender to provide the Loan to Borrower
contemplated in Section 1.1 shall be subject to the satisfaction of the
following conditions, unless waived in writing by Lender.

 

2.1                      Lender receives the written notification for
drawdown under the Loan sent by Borrower according to Section 1.2.

 

2.2                      All the representations and warranties by Borrower
in Section 3.2 are true, complete, correct and not misleading.

 

2.3                      Borrower has not violated the covenants in Section 4
of this Agreement, and no event which may affect Borrower’s performance of its
obligations under this Agreement has occurred or is expected to occur.

 

3                     Representations and Warranties

 

3.1                      Between the date of this Agreement and the date of
termination of this Agreement, Lender hereby makes the following
representations and warranties to Borrower:

 

3.1.1                        Lender is a corporation duly organized and legally
existing in accordance with the laws of the PRC;

 

3.1.2                      Lender has the legal capacity to execute and perform this Agreement. The
execution and performance by Lender of this Agreement is consistent with Lender’s
scope of business and the provisions of Lender’s corporate bylaws and other
organizational documents, and Lender has obtained all necessary and proper
approvals and authorizations for the execution and performance of this
Agreement; and

 

3.1.3                      This Agreement constitutes Lender’s legal, valid
and binding obligations enforceable in accordance with its terms.

 

3.2                       Between the date of this Agreement and the date of
termination of this Agreement, Borrower hereby makes the following representations
and warranties:

 

3.2.1                      Borrower has the legal capacity to execute and
perform this Agreement. Borrower has obtained all necessary and proper
approvals and authorizations for the execution and performance of this
Agreement;

 

3.2.2                      This Agreement constitutes Borrower’s legal, valid
and binding obligations enforceable in accordance with its terms; and

 

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3.2.3                      There are no disputes, litigations, arbitrations,
administrative proceedings or any other legal proceedings relating to Borrower,
nor are there any potential disputes, litigations, arbitrations, administrative
proceedings or any other legal proceedings relating to Borrower.

 

4                     Borrower’s Covenants

 

4.1                       As and when he becomes, and for so long as he remains
a shareholder of Domestic Company, Borrower covenants irrevocably that during
the term of this Agreement, Borrower shall cause Domestic Company:

 

4.1.1                      to execute an Exclusive Option Agreement with
Borrower and Lender, according to which Borrower will irrevocably grant an
exclusive option to Lender to purchase all of the Borrower Equity Interest; to
execute the above Exclusive Option Agreement as soon as possible after the
updated business license of Domestic Company is issued, and to obtain all relevant
governmental approvals, registrations or filings (if necessary);

 

4.1.2                      to strictly abide by the provisions of the
Exclusive Option Agreement and the Exclusive Business Cooperation Agreements
executed with Lender on January 10, 2008, and to refrain from any
action/omission that may affect the effectiveness and enforceability of the
Exclusive Option Agreement and the Exclusive Business Cooperation Agreement;

 

4.1.3                      at the request of Lender (or a party designated by
Lender), to execute contracts/agreements on business cooperation with Lender
(or a party designated by Lender), and to strictly abide by such
contracts/agreements;

 

4.1.4                      to provide Lender with all of the information on Borrower Company’s
business operations and financial condition at Lender’s request;

 

4.1.5                      to immediately notify Lender of the occurrence or
possible occurrence of any litigation, arbitration or administrative
proceedings relating to Borrower Company’s assets, business or income;

 

4.1.6                      at the request of Lender, to appoint any persons designated by Lender as
directors of Borrower Company;

 

4.1.7                      without the prior written consent of Lender, not
to supplement, change, or amend its articles of association in any manner,
increase or decreases its registered capital or change its share capital
structure in any manner.

 

4

 

4.1.8                      to maintain its corporate existence in accordance with good financial
and commercial standars and practice, and diligently and effectively manage its
business and handle its matters;

 

4.1.9                      without the prior written consent of Lender, not sell, transfer,
mortgage or dispose of in any other manner any legal or beneficial interests in
its assets, business or incomes, or allow establishment of any other collateral
interests thereon;

 

4.1.10                without the prior written consent of Lender, not
to incur, inherit, guarantee or allow the existence of any debts, except for (i) those
incurred in the ordinary or daily course of business other than by loans, and (ii) those
disclosed to Lender and to which Lender has consented to in writing;

 

4.1.11                to
operate all of its business in ordinary course of business to maintain its
asset value;

 

4.1.12                without
the prior written consent of Lender, not to enter into any material contracts
(for the purpose of this paragraph, if the value of a contract exceeds
RMB100,000, such contracts shall be deemed a material contract), except for
those entered into in the ordinary course of business;

 

4.1.13                without
the prior written consent of Lender, not to provide loans or credit to any
persons;

 

4.1.14                to purchase and maintain insurance with insurance
company accepted by Lender, the amount and type of such insurance shall be the
same or have the same level with those purchased by companies which operate
similar business and own similar property or assets in the same district;

 

4.1.15                without the prior written consent of Lender, not
to consolidate or merge with any entities, or purchase or invest in any
entities;

 

4.1.16                to execute all necessary or appropriate documents,
adopt all necessary or appropriate actions and bring all necessary or
appropriate claims or make all necessary or appropriate defends to all claims
so as to maintain ownership to all of its assets;

 

4.1.17                without the prior written consent of Lender, not
to issue dividends in any forms to the shareholders, however, upon request by
Lender, to distribut all or part of its distributable profits to the
shareholders.

 

4.2                       Borrower covenants that during the term of this
Agreement, he shall:

 

4.2.1                      To compelte the acquisition of the Domestic
Company in accordance with the PRC laws within 60 days after the execution of
this Agreement;

 

5

 

4.2.2                      To make all contributions corresponding to the
Borrower Equity Interest in accordance with relevant laws, and provide Lender
with a capital verification report regarding such contribution issued by
qualified accounting firm;

 

4.2.3                      To use best efforts to cause Domestic Company to engage in current
value-added telecommunication service business;

 

4.2.4                      to execute an irrevocable Power of Attorney, which
authorizes Lender or Lender’s designated person (legal or natural person) to
exercise all of Borrower’s rights as a shareholder in Domestic Company, and
refrain from exercising such shareholder rights except for those otherwise
specified in this Agreement, the Share Pledge Agreement (defined as follows) or
by Lender.

 

4.2.5                      to execute an Exclusive Option Agreement with
Lender and Domestic Company, under which Borrower shall irrevocably grant
Lender an exclusive option to purchase all of the Borrower Equity Interest;

 

4.2.6                      to execute a Share Pledge Agreement with Lender
and Domestic Company (“Share Pledge Agreement”), under which Borrower agrees to
pledge all of Borrower Equity Interest to Lender;

 

4.2.7                      To execute the above power of attorney, Exclusive
Option Agreement and Share Pledge Agreement as soon as possible after issuance
of the business license of Domestic Company, and obtain all relevant
governmental approvals, registrations or filings (if necessary);

 

4.2.8                      To strictly comply with this Agreement, the power of attorney, Share
Pledge Agreement and Exclusive Option Agreement, and perform its obligations
under such documents, and not no commit any actions/inactions that may affect
the validity and enforceability of such documents;

 

4.2.9                      not to sell, transfer, mortgage or dispose of in any other manner the
legal or beneficial interest in Borrower Equity Interest, or allow the
encumbrance thereon of any security interest or the encumbrance, except in
accordance with the Share Pledge Agreement;

 

4.2.10                To
cause any shareholders’ meeting and/or the board of directors of Domestic
Company not to approve the sale, transfer, mortgage or disposition in any other
manner of any legal or beneficial interest in Borrower Equity Interest, or
allow the encumbrance thereon of any security interest, except to Lender or
Lender’s designated person;

 

4.2.11                To cause any shareholders’ meeting and/or the
board of directors of the Borrower Company not to approve the merger or
consolidation

 

6

 

of Borrower Company with any
person, or its acquisition of or investment in any person, without the prior
written consent of Lender;

 

4.2.12                To immediately notify Lender of the occurrence or
possible occurrence of any litigation, arbitration or administrative
proceedings relating to Borrower Equity Interest;

 

4.2.13                to
the extent necessary to maintain his ownership of the Borrower Equity Interest,
to execute all necessary or appropriate documents, take all necessary or
appropriate actions and file all necessary or appropriate complaints or raise
necessary and appropriate defense against all claims;

 

4.2.14                without the prior written consent of Lender, to refrain
from any action / omission that may have a material impact on the assets,
business and liabilities of Borrower Company;

 

4.2.15                To appoint any designee of Lender as director of
Borrower Company, at the request of Lender;

 

4.2.16                to the extent permitted by the laws of China, at
the request of Lender at any time, to promptly and unconditionally transfer all
of Borrower Equity Interest to Lender or Lender’s designated representative(s) at
any time, and cause the other shareholders of Domestic Company to waive their
right of first refusal with respect to the share transfer described in this
Section;

 

4.2.17                to the extent permitted by the laws of China, at
the request of Lender at any time, to cause the other shareholders of Domestic
Company to promptly and unconditionally transfer all of their equity interests
to Lender or Lender’s designated representative(s) at any time, and
Borrower hereby waives his right of first refusal (if any) with respect to the
share transfer described in this Section;

 

4.2.18                in the event that Lender purchases Borrower Equity
Interest from Borrower in accordance with the provisions of the Exclusive
Option Agreement, use such purchase price obtained thereby to repay the Loan to
Lender; and

 

4.2.19                without the prior written consent of Lender, not
to supplement, change, or amend its articles of association in any manner,
increase or decreases its registered capital or change its share capital
structure in any manner.

 

5                     Liability for Default

 

5.1                       In the event either Party breaches this Agreement or otherwise causes
the non-performance of this Agreement in part or in whole, the Party shall be
liable for such breach and shall compensate all damages (including

 

7

 

litigation
and attorneys fees) resulting therefrom. In the event that both Parties breach
this Agreement, each Party shall be liable for its respective breach.

 

5.2                       In the event that Borrower fails to perform the repayment obligations
set forth in this Agreement, Borrower shall pay overdue interest of 0.01% per
day for the outstanding payment, until the day Borrower repays the full
principal of the Loan, overdue interests and other payable amounts.

 

6                     Notices

 

6.1                       All notices and other communications required or permitted to be given
pursuant to this Agreement shall be delivered personally or sent by registered
mail, postage prepaid, by a commercial courier service or by facsimile
transmission to the address of such Party set forth below.  A confirmation copy of each notice shall also
be sent by email.  The dates on which
notices shall be deemed to have been effectively given shall be determined as
follows:

 

6.1.1             Notices given by personal delivery, by courier service or by registered
mail, postage prepaid, shall be deemed effectively given on the date of
delivery.

 

6.1.2             Notices given by facsimile transmission shall be deemed effectively
given on the date of successful transmission (as evidenced by an automatically
generated confirmation of transmission).

 

6.2                       For the purpose of notices, the addresses of the Parties are as follows:

 

Lender:               ChinaCache
Network Technology (Beijing) Co., Ltd.

Address:             Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian
Qiao Middle Road, Chaoyang District, 100016, Beijing

Facsimile:                  +  8610-6437 4251

 

Borrower:          Yongkai Mei

Address:             Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian
Qiao Middle Road, Chaoyang District, 100016, Beijing

Facsimile:            +  8610-6437 4251

 

6.3                       Any Party may at any time change its address for notices by a notice
delivered to the other Party in accordance with the terms hereof.

 

7                     Confidentiality

 

The Parties acknowledge that
any oral or written information exchanged among them with respect to this
Agreement, the contents of the Agreement and the preparation or performance
thereof is confidential information. The Parties shall maintain the
confidentiality of all such information, and without the written consent of
other Party, either Party shall not disclose any relevant information to

 

8

 

any third party, except in
the following circumstances: (a) such information is or will be in the
public domain (provided that this is not the result of a public disclosure by
the receiving party); (b) information disclosed as required by applicable
laws or rules or regulations of any stock exchange, or orders by
governmental authorities or court; or (c) information required to be
disclosed by any Party to its shareholders, investors, legal counsel or
financial advisor regarding the transaction contemplated hereunder, and such
shareholders, investors, legal counsel or financial advisor are also bound by
confidentiality duties similar to the duties in this section. Disclosure of any
confidential information by the staff members or agency hired by any Party
shall be deemed disclosure of such confidential information by such Party,
which Party shall be held liable for breach of this Agreement. This section
shall survive the termination of this Agreement for any reason.

 

8                     Governing Law and Resolution of Disputes

 

8.1            The
execution, effectiveness, construction, performance, amendment and termination
of this Agreement and the resolution of disputes shall be governed by the laws
of China.

 

8.2            In
the event of any dispute with respect to the construction and performance    of
this Agreement, the Parties shall first resolve the dispute through friendly
negotiations. In the event the Parties fail to reach an agreement on the
dispute within 30 days after either Party’s request to the other Party for
resolution of the dispute through negotiations, either Party may submit the
relevant dispute to the China International Economic and Trade Arbitration
Commission for arbitration, in accordance with its then effective arbitration
rules. The arbitration shall be conducted in Beijing, and the language used in
arbitration shall be Chinese. The arbitration award shall be final and binding
on all Parties.

 

8.3            Upon the occurrence of any disputes arising from
the construction and performance of this Agreement or during the pending
arbitration of any dispute, except for the matters under dispute, the Parties
to this Agreement shall continue to exercise their respective rights under this
Agreement and perform their respective obligations under this Agreement.

 

9                     Miscellaneous

 

9.1            This Agreement shall become effective on the date
thereof, and shall expire upon the date of full performance by the Parties of
their respective obligations under this Agreement.

 

9.2            This Agreement shall be written in both Chinese
and English language in two copies, each Party having one copy with equal legal
validity. In case there is any conflict between the Chinese version and the
English version, the Chinese version shall prevail.

 

9.3            This
Agreement may be amended or supplemented through written agreement by and
between Lender and Borrower. Such written amendment

 

9

 

agreement and/or supplementary agreement executed
by and between Lender and Borrower are an integral part of this Agreement, and
shall have the same legal validity as this Agreement.

 

9.4            In the event that one or several of the provisions
of this Agreement are found to be invalid, illegal or unenforceable I n any
aspect in accordance with any laws or regulations, the validity, legality or
enforceability of the remaining provisions of this Agreement shall not be
affected or compromised in any respect. The Parties shall strive in good faith
to replace such invalid, illegal or unenforceable provisions with effective
provisions that accomplish to the greatest extent permitted by law the
intentions of the Parties, and the economic effect of such effective provisions
shall be as close as possible to the economic effect of those invalid, illegal
or unenforceable provisions.

 

9.5            The attachments (if any) to this Agreement shall
be an integral part of this Agreement and shall have the same legal validity as
this Agreement.

 

10

 

IN WITNESS THEREOF, the
parties have caused their authorized representatives to sign this Loan
Agreement on the date first above written.

 

 

Lender:     ChinaCache
Network Technology (Beijing) Co., Ltd.

 

 

	
  By:

  	
      /s/ Song Wang

  	
   

  
	
  Name: Song Wang

  	
   

  
	
  Title: Legal Representative

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Borrower:
  Yongkai
  Mei

  	
   

  
	
   

  	
   

  
	
  By:

  	
          /s/
  Yongkai Mei

  	
   

  

 

11

 

Loan
Agreement

 

This
Loan Agreement (this “Agreement”) is made and entered into by and between the
Parties below as of April 8, 2010 in Beijing, People’s Republic of China
(the “PRC” or “China”):

 

(1)               ChinaCache Network Technology (Beijing) Co., Ltd.  (“Lender”), a limited liability company organized
and existing under the laws of the PRC, with its address at Floor 6, Tower A,
Galaxy Plaza, No.10 Jiu Xian Qiao Middle Road, Chaoyang District, 100016,
Beijing;

 

(2)               Yong Sha (“Borrower”), a citizen of the PRC with Chinese
Identification No.:            .

 

Each of the Lender and the Borrower shall be hereinafter
referred to as a “Party” respectively, and as the “Parties” collectively.

 

Whereas:

 

1.                             Borrower is a shareholder of Shanghai Jnet Telcom
Co., Ltd. (“Domestic Company”), originally holding 50% of the equity
interest of Domestic Company; Lender and Borrower entered into a Loan Agreement
on January 10, 2008 (the “Original Loan Agreement”); Lender, Borrower,
Domestic Company and other related parties entered into a Framework Agreement
on April 8, 2010, and several Share Transfer Agreements on April 8,
2010, according to which, Borrower transfer a total of 9% of the equity
interest of Domestic Company to other PRC natural person with relevant
consideration (the “Domestic Company Share Transfers”), after the completion of
the Domestic Company Share Transfers, Borrower holds 41% of the equity interest
of Domestic Company.  Meanwhile,
according to Original Loan Agreement, it shall be deemed that Borrower has repaid
part of the Loan under the Original Loan Agreement which equals to the
considerations of the Domestic Company Share Transfers;

 

2.                             The Parties agree to execute this Agreement to
amend certain provisions of the Original Loan Agreement, and this Agreement shall
supersede and replace the Original Loan Agreement upon its execution.

 

1                     Loan

 

1.1                      In accordance with the terms and conditions of this Agreement, Lender
agrees to provide a loan in USD equivalent to the amount of RMB 410,000 (the “Loan”)
to Borrower. The term of the Loan
shall be ten years
from the date of this Agreement, which may be extended upon mutual written
consent of the Parties.  During the term of the Loan or the extended term of the Loan, Borrower shall immediately repay
the full amount of the Loan  in the event any one or more of the following  circumstances occur:

 

1

 

1.1.1                        30 days elapse after  Borrower receives a written notice from Lender requesting repayment of the Loan;

 

1.1.2                        Borrower ceases (for any reason) to be an employee
of Lender or its affiliates;

 

1.1.3                        Borrower engages in criminal act or is involved in
criminal activities;

 

1.1.4                        According to the applicable laws of China, foreign
investors are permitted to invest in the value-added telecommunication services
business in China with a controlling stake or in the form of
wholly-foreign-owned enterprises, the relevant competent authorities of China
begin to approve such investments, and Lender exercises the exclusive option
under Section 4.1.1 and 4.2.5 of the Exclusive Option Agreement (the “Exclusive
Option Agreement”) described in this Agreement.

 

1.2                       Borrower hereby confirms that he has received to
above loan provided by Lender, and has used all of such loan to provide funds
to Domestic Company, purchase and/or hold equity interest of the borrower
company.

 

1.3                       Lender and Borrower hereby agree and acknowledge
that Borrower’s method of repayment shall be at the sole discretion of Lender,
and may at Lender’s option take the form of Borrower’s transferring the
Borrower Equity Interest in whole to Lender or Lender’s designated persons
(legal or natural persons) pursuant to the Lender’s exercise of its right to
acquire the Borrower Equity Interest under the Exclusive Option Agreement
executed by Lender, Borrower and Domestic Company.

 

1.4                       Lender and Borrower hereby agree and acknowledge
that any proceeds from the transfer of the Borrower Equity Interest (to the
extent permissible) shall be used to repay the Loan to Lender, in accordance
with this Agreement and in the manner designated by Lender.

 

1.5                       Lender and Borrower hereby agree and acknowledge
that to the extent permitted by applicable laws, Lender shall have the right
but not the obligation to purchase or designate other persons (legal or natural
persons) to purchase Borrower Equity Interest in part or in whole at any time,
at the price stipulated in the Exclusive Option Agreement.

 

1.6                       Borrower also undertakes to execute an irrevocable Power of Attorney
(the “Power of Attorney”, please refer to Sectin 4.2.4), which authorizes a
legal or natural person designated by Lender to exercise all of Borrower’s
rights as a shareholder of Domestic Company.

 

2

 

2                     Representations and Warranties

 

2.1                      Between the date of this Agreement and the date of
termination of this Agreement, Lender hereby makes the following
representations and warranties to Borrower:

 

2.1.1                      Lender is a corporation duly organized and legally
existing in accordance with the laws of the PRC;

 

2.1.2                      Lender has the legal capacity to execute and perform this Agreement. The
execution and performance by Lender of this Agreement is consistent with Lender’s
scope of business and the provisions of Lender’s corporate bylaws and other
organizational documents, and Lender has obtained all necessary and proper
approvals and authorizations for the execution and performance of this
Agreement; and

 

2.1.3                      This Agreement constitutes Lender’s legal, valid
and binding obligations enforceable in accordance with its terms.

 

2.2                       Between the date of this Agreement and the date of
termination of this Agreement, Borrower hereby makes the following
representations and warranties:

 

2.2.1                      Borrower has the legal capacity to execute and
perform this Agreement. Borrower has obtained all necessary and proper
approvals and authorizations for the execution and performance of this
Agreement;

 

2.2.2                      This Agreement constitutes Borrower’s legal, valid
and binding obligations enforceable in accordance with its terms; and

 

2.2.3                      There are no disputes, litigations, arbitrations,
administrative proceedings or any other legal proceedings relating to Borrower,
nor are there any potential disputes, litigations, arbitrations, administrative
proceedings or any other legal proceedings relating to Borrower.

 

3                     Borrower’s Covenants

 

3.1                       As and when he becomes, and for so long as he
remains a shareholder of Domestic Company, Borrower covenants irrevocably that
during the term of this Agreement, Borrower shall cause Domestic Company:

 

3.1.1                      to execute an Exclusive Option Agreement with
Borrower and Lender, according to which Borrower will irrevocably grant an
exclusive option to Lender to purchase all of the Borrower Equity Interest; to
execute the above Exclusive Option Agreement as soon as possible after the
updated business license of Domestic Company is issued, and to obtain all
relevant governmental approvals, registrations or filings (if necessary);

 

3

 

3.1.2                      to strictly abide by the provisions of the
Exclusive Option Agreement and the Exclusive Business Cooperation Agreements
executed with Lender on January 10, 2008, and to refrain from any
action/omission that may affect the effectiveness and enforceability of the
Exclusive Option Agreement and the Exclusive Business Cooperation Agreement;

 

3.1.3                      at the request of Lender (or a party designated by
Lender), to execute contracts/agreements on business cooperation with Lender
(or a party designated by Lender), and to strictly abide by such contracts/agreements;

 

3.1.4                      to provide Lender with all of the information on Borrower Company’s
business operations and financial condition at Lender’s request;

 

3.1.5                      to immediately notify Lender of the occurrence or
possible occurrence of any litigation, arbitration or administrative
proceedings relating to Borrower Company’s assets, business or income;

 

3.1.6                      at the request of Lender, to appoint any persons designated by Lender as
directors of Borrower Company;

 

3.1.7                      without the prior written consent of Lender, not
to supplement, change, or amend its articles of association in any manner,
increase or decreases its registered capital or change its share capital
structure in any manner.

 

3.1.8                      to maintain its corporate existence in accordance with good financial
and commercial standars and practice, and diligently and effectively manage its
business and handle its matters;

 

3.1.9                      without the prior written consent of Lender, not sell, transfer,
mortgage or dispose of in any other manner any legal or beneficial interests in
its assets, business or incomes, or allow establishment of any other collateral
interests thereon;

 

3.1.10                without the prior written consent of Lender, not
to incur, inherit, guarantee or allow the existence of any debts, except for (i) those
incurred in the ordinary or daily course of business other than by loans, and (ii) those
disclosed to Lender and to which Lender has consented to in writing;

 

3.1.11                to
operate all of its business in ordinary course of business to maintain its
asset value;

 

3.1.12                without
the prior written consent of Lender, not to enter into any material contracts
(for the purpose of this paragraph, if the value of a contract exceeds
RMB100,000, such contracts shall be deemed a

 

4

 

material contract), except for those entered into
in the ordinary course of business;

 

3.1.13                without
the prior written consent of Lender, not to provide loans or credit to any
persons;

 

3.1.14                to purchase and maintain insurance with insurance
company accepted by Lender, the amount and type of such insurance shall be the
same or have the same level with those purchased by companies which operate
similar business and own similar property or assets in the same district;

 

3.1.15                without the prior written consent of Lender, not
to consolidate or merge with any entities, or purchase or invest in any
entities;

 

3.1.16                to execute all necessary or appropriate documents,
adopt all necessary or appropriate actions and bring all necessary or
appropriate claims or make all necessary or appropriate defends to all claims
so as to maintain ownership to all of its assets;

 

3.1.17                without the prior written consent of Lender, not
to issue dividends in any forms to the shareholders, however, upon request by
Lender, to distribut all or part of its distributable profits to the
shareholders.

 

3.2                       Borrower covenants that during the term of this
Agreement, he shall:

 

3.2.1                      To use best efforts to cause Domestic Company to engage in current
value-added telecommunication service business;

 

3.2.2                      to execute an irrevocable Power of Attorney, which
authorizes Lender or Lender’s designated person (legal or natural person) to
exercise all of Borrower’s rights as a shareholder in Domestic Company, and
refrain from exercising such shareholder rights except for those otherwise
specified in this Agreement, the Share Pledge Agreement (defined as follows) or
by Lender.

 

3.2.3                      to execute an Exclusive Option Agreement with
Lender and Domestic Company, under which Borrower shall irrevocably grant Lender
an exclusive option to purchase all of the Borrower Equity Interest;

 

3.2.4                      to execute a Share Pledge Agreement with Lender
and Domestic Company (“Share Pledge Agreement”), under which Borrower agrees to
pledge all of Borrower Equity Interest to Lender;

 

3.2.5                      To execute the above power of attorney, Exclusive
Option Agreement and Share Pledge Agreement as soon as possible after issuance
of the business license of Domestic Company, and obtain all relevant
governmental approvals, registrations or filings (if necessary);

 

5

 

3.2.6                      To strictly comply with this Agreement, the power of attorney, Share
Pledge Agreement and Exclusive Option Agreement, and perform its obligations
under such documents, and not no commit any actions/inactions that may affect
the validity and enforceability of such documents;

 

3.2.7                      not to sell, transfer, mortgage or dispose of in any other manner the
legal or beneficial interest in Borrower Equity Interest, or allow the
encumbrance thereon of any security interest or the encumbrance, except in
accordance with the Share Pledge Agreement;

 

3.2.8                      To cause any shareholders’ meeting and/or the board of directors of
Domestic Company not to approve the sale, transfer, mortgage or disposition in
any other manner of any legal or beneficial interest in Borrower Equity
Interest, or allow the encumbrance thereon of any security interest, except to
Lender or Lender’s designated person;

 

3.2.9                      To cause any shareholders’ meeting and/or the
board of directors of the Borrower Company not to approve the merger or
consolidation of Borrower Company with any person, or its acquisition of or
investment in any person, without the prior written consent of Lender;

 

3.2.10                To immediately notify Lender of the occurrence or
possible occurrence of any litigation, arbitration or administrative
proceedings relating to Borrower Equity Interest;

 

3.2.11                to
the extent necessary to maintain his ownership of the Borrower Equity Interest,
to execute all necessary or appropriate documents, take all necessary or
appropriate actions and file all necessary or appropriate complaints or raise
necessary and appropriate defense against all claims;

 

3.2.12                without the prior written consent of Lender, to
refrain from any action / omission that may have a material impact on the
assets, business and liabilities of Borrower Company;

 

3.2.13                To appoint any designee of Lender as director of
Borrower Company, at the request of Lender;

 

3.2.14                to the extent permitted by the laws of China, at
the request of Lender at any time, to promptly and unconditionally transfer all
of Borrower Equity Interest to Lender or Lender’s designated representative(s) at
any time, and cause the other shareholders of Domestic Company to waive their
right of first refusal with respect to the share transfer described in this
Section;

 

3.2.15                to the extent permitted by the laws of China, at
the request of Lender at any time, to cause the other shareholders of Domestic

 

6

 

Company to promptly and
unconditionally transfer all of their equity interests to Lender or Lender’s
designated representative(s) at any time, and Borrower hereby waives his
right of first refusal (if any) with respect to the share transfer described in
this Section;

 

3.2.16                in the event that Lender purchases Borrower Equity
Interest from Borrower in accordance with the provisions of the Exclusive
Option Agreement, use such purchase price obtained thereby to repay the Loan to
Lender; and

 

3.2.17                without the prior written consent of Lender, not
to supplement, change, or amend its articles of association in any manner,
increase or decreases its registered capital or change its share capital
structure in any manner.

 

4                     Liability for Default

 

4.1                       In the event either Party breaches this Agreement or otherwise causes
the non-performance of this Agreement in part or in whole, the Party shall be
liable for such breach and shall compensate all damages (including litigation
and attorneys fees) resulting therefrom. In the event that both Parties breach
this Agreement, each Party shall be liable for its respective breach.

 

4.2                       In the event that Borrower fails to perform the repayment obligations
set forth in this Agreement, Borrower shall pay overdue interest of 0.01% per
day for the outstanding payment, until the day Borrower repays the full
principal of the Loan, overdue interests and other payable amounts.

 

5                     Notices

 

5.1                       All notices and other communications required or permitted to be given
pursuant to this Agreement shall be delivered personally or sent by registered
mail, postage prepaid, by a commercial courier service or by facsimile
transmission to the address of such Party set forth below.  A confirmation copy of each notice shall also
be sent by email.  The dates on which
notices shall be deemed to have been effectively given shall be determined as
follows:

 

5.1.1             Notices given by personal delivery, by courier service or by registered
mail, postage prepaid, shall be deemed effectively given on the date of delivery.

 

5.1.2             Notices given by facsimile transmission shall be deemed effectively
given on the date of successful transmission (as evidenced by an automatically
generated confirmation of transmission).

 

5.2                       For the purpose of notices, the addresses of the Parties are as follows:

 

Lender:                            ChinaCache
Network Technology (Beijing) Co., Ltd.

 

7

 

Address:                      Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian
Qiao Middle Road, Chaoyang District, 100016, Beijing

Facsimile:           + 8610-6437 4251

 

Borrower:   Yong Sha

Address:                      Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian
Qiao Middle Road, Chaoyang District, 100016, Beijing

Facsimile:     +
8610-6437 4251

 

5.3                       Any Party may at any time change its address for notices by a notice
delivered to the other Party in accordance with the terms hereof.

 

6                     Confidentiality

 

The Parties acknowledge that
any oral or written information exchanged among them with respect to this
Agreement, the contents of the Agreement and the preparation or performance
thereof is confidential information. The Parties shall maintain the
confidentiality of all such information, and without the written consent of
other Party, either Party shall not disclose any relevant information to any
third party, except in the following circumstances: (a) such information
is or will be in the public domain (provided that this is not the result of a
public disclosure by the receiving party); (b) information disclosed as
required by applicable laws or rules or regulations of any stock exchange,
or orders by governmental authorities or court; or (c) information
required to be disclosed by any Party to its shareholders, investors, legal
counsel or financial advisor regarding the transaction contemplated hereunder,
and such shareholders, investors, legal counsel or financial advisor are also
bound by confidentiality duties similar to the duties in this section.
Disclosure of any confidential information by the staff members or agency hired
by any Party shall be deemed disclosure of such confidential information by
such Party, which Party shall be held liable for breach of this Agreement. This
section shall survive the termination of this Agreement for any reason.

 

7                     Governing Law and Resolution of Disputes

 

7.1            The
execution, effectiveness, construction, performance, amendment and termination
of this Agreement and the resolution of disputes shall be governed by the laws
of China.

 

7.2            In
the event of any dispute with respect to the construction and performance    of this Agreement, the Parties shall first
resolve the dispute through friendly negotiations. In the event the Parties
fail to reach an agreement on the dispute within 30 days after either Party’s
request to the other Party for resolution of the dispute through negotiations,
either Party may submit the relevant dispute to the China International
Economic and Trade Arbitration Commission for arbitration, in accordance with
its then effective arbitration rules. The arbitration shall be conducted in
Beijing, and the language used in arbitration shall be Chinese. The arbitration
award shall be final and binding on all Parties.

 

8

 

7.3            Upon the occurrence of any disputes arising from
the construction and performance of this Agreement or during the pending
arbitration of any dispute, except for the matters under dispute, the Parties
to this Agreement shall continue to exercise their respective rights under this
Agreement and perform their respective obligations under this Agreement.

 

8                     Miscellaneous

 

8.1            This Agreement shall become effective on the date
thereof, and shall expire upon the date of full performance by the Parties of
their respective obligations under this Agreement.

 

8.2            This Agreement shall be written in both Chinese
and English language in two copies, each Party having one copy with equal legal
validity. In case there is any conflict between the Chinese version and the
English version, the Chinese version shall prevail.

 

8.3            This
Agreement may be amended or supplemented through written agreement by and
between Lender and Borrower. Such written amendment agreement and/or
supplementary agreement executed by and between Lender and Borrower are an
integral part of this Agreement, and shall have the same legal validity as this
Agreement.

 

8.4            In the event that one or several of the provisions
of this Agreement are found to be invalid, illegal or unenforceable I n any
aspect in accordance with any laws or regulations, the validity, legality or
enforceability of the remaining provisions of this Agreement shall not be
affected or compromised in any respect. The Parties shall strive in good faith
to replace such invalid, illegal or unenforceable provisions with effective
provisions that accomplish to the greatest extent permitted by law the intentions
of the Parties, and the economic effect of such effective provisions shall be
as close as possible to the economic effect of those invalid, illegal or
unenforceable provisions.

 

8.5            The attachments (if any) to this Agreement shall
be an integral part of this Agreement and shall have the same legal validity as
this Agreement.

 

9

 

IN WITNESS THEREOF, the
parties have caused their authorized representatives to sign this Loan
Agreement on the date first above written.

 

 

Lender:  ChinaCache Network Technology
(Beijing) Co., Ltd.

 

 

	
  By:

  	
      /s/ Song Wang

  	
   

  
	
  Name: Song Wang

  	
   

  
	
  Title: Legal Representative

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Borrower:
  Yong Sha

  	
   

  
	
   

  	
   

  
	
  By:

  	
          /s/
  Yong Sha 

  	
   

  

 

10

 

Loan
Agreement

 

This
Loan Agreement (this “Agreement”) is made and entered into by and between the
Parties below as of April 8, 2010 in Beijing, People’s Republic of China
(the “PRC” or “China”):

 

(1)               ChinaCache Network Technology (Beijing) Co., Ltd.  (“Lender”), a limited liability company organized
and existing under the laws of the PRC, with its address at Floor 6, Tower A,
Galaxy Plaza, No.10 Jiu Xian Qiao Middle Road, Chaoyang District, 100016,
Beijing;

 

(2)               Hao  Yin (“Borrower),
a citizen of the PRC with Chinese Identification No.:           .

 

Each of the Lender and the Borrower shall be hereinafter
referred to as a “Party” respectively, and as the “Parties” collectively.

 

Whereas:

 

1.                             Borrower intends to acquire a limited liability company— Shanghai Jnet Telcom Co., Ltd. (“Domestic Company”) in Shanghai,
China.  The proposed registered capital
of the Domestic Company is RMB1,000,000, among which, Borrower intends to
purchase 3% of the equity interest of the Domestic Company (“Borrower Equity Interest”) with RMB30,000;

 

2.                             Lender intends to provide Borrower with a loan to
be used for the purposes set forth under this Agreement.

 

1                     Definitions

 

1.1                      In accordance with the terms and conditions of this Agreement, Lender
agrees to provide a loan in USD equivalent to the amount of RMB 30,000 (the “Loan”)
to Borrower. The term of the Loan
shall be ten years
from the date of this Agreement, which may be extended upon mutual written
consent of the Parties.  During the term of the Loan or the extended term of the Loan, Borrower shall immediately repay
the full amount of the Loan  in the event any one or more of the following  circumstances occur:

 

1.1.1                        30 days elapse after  Borrower receives a written notice from Lender requesting repayment of the Loan;

 

1.1.2                        Borrower ceases (for any reason) to be an employee
of Lender or its affiliates;

 

1.1.3                        Borrower engages in criminal act or is involved in
criminal activities;

 

1

 

1.1.4                        According to the applicable laws of China, foreign
investors are permitted to invest in the value-added telecommunication services
business in China with a controlling stake or in the form of
wholly-foreign-owned enterprises, the relevant competent authorities of China
begin to approve such investments, and Lender exercises the exclusive option
under Section 4.1.1 and 4.2.5 of the Exclusive Option Agreement (the “Exclusive
Option Agreement”) described in this Agreement.

 

1.2                       Lender agrees to remit such amount of the Loan to
the account designated by Borrower within 20 days after receiving a written
notification from the Borrower regarding the same, provided that all the
conditions precedent in Section 2 are fulfilled. Borrower shall provide
Lender with a written receipt for the Loan on the date of receiving the Loan.
The Loan provided by Lender under this Agreement shall inure to Borrower’s
benefit only and not to Borrower’s successors or assigns.

 

1.3                       Borrower agrees to accept the aforementioned Loan
provided by Lender, and hereby agrees and warrants using the Loan to purchase
the registered capital of the Domestic Company in Shanghai, China. Borrower
will thereby become a shareholder to the Domestic Company holding 3% of the
latter’s equity interest (“Borrower Equity Interest”).  Borrower agree to provide a full set of the
Domestic Company’s registration documents (copies), business license and
articles of association within 60 days following the execution of this
Agreement. Without Lender’s prior written consent, Borrower shall not use the
Loan for any purpose other than as set forth herein.

 

1.4                       Lender and Borrower hereby agree and acknowledge
that Borrower’s method of repayment shall be at the sole discretion of Lender,
and may at Lender’s option take the form of Borrower’s transferring the
Borrower Equity Interest in whole to Lender or Lender’s designated persons
(legal or natural persons) pursuant to the Lender’s exercise of its right to
acquire the Borrower Equity Interest under the Exclusive Option Agreement
executed by Lender, Borrower and Domestic Company.

 

1.5                       Lender and Borrower hereby agree and acknowledge
that any proceeds from the transfer of the Borrower Equity Interest (to the
extent permissible) shall be used to repay the Loan to Lender, in accordance
with this Agreement and in the manner designated by Lender.

 

1.6                       Lender and Borrower hereby agree and acknowledge
that to the extent permitted by applicable laws, Lender shall have the right
but not the obligation to purchase or designate other persons (legal or natural
persons) to purchase Borrower Equity Interest in part or in whole at any time,
at the price stipulated in the Exclusive Option Agreement.

 

1.7                       Borrower also undertakes to execute an irrevocable Power of Attorney
(the “Power of Attorney”, please refer to Sectin 4.2.4), which authorizes a
legal 

 

2

 

or
natural person designated by Lender to exercise all of Borrower’s rights as a
shareholder of Domestic Company.

 

2                     Conditions Precedent

 

1.1 The obligation of
Lender to provide the Loan to Borrower contemplated in Section 1.1 shall
be subject to the satisfaction of the following conditions, unless waived in
writing by Lender.

 

2.1                      Lender receives the written notification for
drawdown under the Loan sent by Borrower according to Section 1.2.

 

2.2                      All the representations and warranties by Borrower
in Section 3.2 are true, complete, correct and not misleading.

 

2.3                      Borrower has not violated the covenants in Section 4
of this Agreement, and no event which may affect Borrower’s performance of its
obligations under this Agreement has occurred or is expected to occur.

 

3                     Representations and Warranties

 

3.1                      Between the date of this Agreement and the date of
termination of this Agreement, Lender hereby makes the following
representations and warranties to Borrower:

 

3.1.1                      Lender is a corporation duly organized and legally
existing in accordance with the laws of the PRC;

 

3.1.2                      Lender has the legal capacity to execute and perform this Agreement. The
execution and performance by Lender of this Agreement is consistent with Lender’s
scope of business and the provisions of Lender’s corporate bylaws and other
organizational documents, and Lender has obtained all necessary and proper
approvals and authorizations for the execution and performance of this Agreement;
and

 

3.1.3                      This Agreement constitutes Lender’s legal, valid
and binding obligations enforceable in accordance with its terms.

 

3.2                       Between the date of this Agreement and the date of
termination of this Agreement, Borrower hereby makes the following representations
and warranties:

 

3.2.1                      Borrower has the legal capacity to execute and
perform this Agreement. Borrower has obtained all necessary and proper
approvals and authorizations for the execution and performance of this
Agreement;

 

3.2.2                      This Agreement constitutes Borrower’s legal, valid
and binding obligations enforceable in accordance with its terms; and

 

3

 

3.2.3                      There are no disputes, litigations, arbitrations,
administrative proceedings or any other legal proceedings relating to Borrower,
nor are there any potential disputes, litigations, arbitrations, administrative
proceedings or any other legal proceedings relating to Borrower.

 

4                     Borrower’s Covenants

 

4.1                       As and when he becomes, and for so long as he
remains a shareholder of Domestic Company, Borrower covenants irrevocably that
during the term of this Agreement, Borrower shall cause Domestic Company:

 

4.1.1                      to execute an Exclusive Option Agreement with
Borrower and Lender, according to which Borrower will irrevocably grant an
exclusive option to Lender to purchase all of the Borrower Equity Interest; to
execute the above Exclusive Option Agreement as soon as possible after the
updated business license of Domestic Company is issued, and to obtain all
relevant governmental approvals, registrations or filings (if necessary);

 

4.1.2                      to strictly abide by the provisions of the
Exclusive Option Agreement and the Exclusive Business Cooperation Agreements
executed with Lender on January 10, 2008, and to refrain from any
action/omission that may affect the effectiveness and enforceability of the
Exclusive Option Agreement and the Exclusive Business Cooperation Agreement;

 

4.1.3                      at the request of Lender (or a party designated by
Lender), to execute contracts/agreements on business cooperation with Lender
(or a party designated by Lender), and to strictly abide by such
contracts/agreements;

 

4.1.4                      to provide Lender with all of the information on Borrower Company’s
business operations and financial condition at Lender’s request;

 

4.1.5                      to immediately notify Lender of the occurrence or
possible occurrence of any litigation, arbitration or administrative
proceedings relating to Borrower Company’s assets, business or income;

 

4.1.6                      at the request of Lender, to appoint any persons designated by Lender as
directors of Borrower Company;

 

4.1.7                      without the prior written consent of Lender, not
to supplement, change, or amend its articles of association in any manner,
increase or decreases its registered capital or change its share capital
structure in any manner.

 

4

 

4.1.8                      to maintain its corporate existence in accordance with good financial
and commercial standars and practice, and diligently and effectively manage its
business and handle its matters;

 

4.1.9                      without the prior written consent of Lender, not sell, transfer,
mortgage or dispose of in any other manner any legal or beneficial interests in
its assets, business or incomes, or allow establishment of any other collateral
interests thereon;

 

4.1.10                without the prior written consent of Lender, not
to incur, inherit, guarantee or allow the existence of any debts, except for (i) those
incurred in the ordinary or daily course of business other than by loans, and (ii) those
disclosed to Lender and to which Lender has consented to in writing;

 

4.1.11                to
operate all of its business in ordinary course of business to maintain its
asset value;

 

4.1.12                without
the prior written consent of Lender, not to enter into any material contracts
(for the purpose of this paragraph, if the value of a contract exceeds
RMB100,000, such contracts shall be deemed a material contract), except for
those entered into in the ordinary course of business;

 

4.1.13                without
the prior written consent of Lender, not to provide loans or credit to any
persons;

 

4.1.14                to purchase and maintain insurance with insurance
company accepted by Lender, the amount and type of such insurance shall be the
same or have the same level with those purchased by companies which operate
similar business and own similar property or assets in the same district;

 

4.1.15                without the prior written consent of Lender, not
to consolidate or merge with any entities, or purchase or invest in any
entities;

 

4.1.16                to execute all necessary or appropriate documents,
adopt all necessary or appropriate actions and bring all necessary or
appropriate claims or make all necessary or appropriate defends to all claims
so as to maintain ownership to all of its assets;

 

4.1.17                without the prior written consent of Lender, not
to issue dividends in any forms to the shareholders, however, upon request by
Lender, to distribut all or part of its distributable profits to the
shareholders.

 

4.2                       Borrower covenants that during the term of this
Agreement, he shall:

 

4.2.1                      To compelte the acquisition of the Domestic
Company in accordance with the PRC laws within 60 days after the execution of
this Agreement;

 

5

 

4.2.2                      To make all contributions corresponding to the
Borrower Equity Interest in accordance with relevant laws, and provide Lender
with a capital verification report regarding such contribution issued by
qualified accounting firm;

 

4.2.3                      To use best efforts to cause Domestic Company to engage in current
value-added telecommunication service business;

 

4.2.4                      to execute an irrevocable Power of Attorney, which
authorizes Lender or Lender’s designated person (legal or natural person) to
exercise all of Borrower’s rights as a shareholder in Domestic Company, and
refrain from exercising such shareholder rights except for those otherwise
specified in this Agreement, the Share Pledge Agreement (defined as follows) or
by Lender.

 

4.2.5                      to execute an Exclusive Option Agreement with
Lender and Domestic Company, under which Borrower shall irrevocably grant
Lender an exclusive option to purchase all of the Borrower Equity Interest;

 

4.2.6                      to execute a Share Pledge Agreement with Lender
and Domestic Company (“Share Pledge Agreement”), under which Borrower agrees to
pledge all of Borrower Equity Interest to Lender;

 

4.2.7                      To execute the above power of attorney, Exclusive
Option Agreement and Share Pledge Agreement as soon as possible after issuance
of the business license of Domestic Company, and obtain all relevant
governmental approvals, registrations or filings (if necessary);

 

4.2.8                      To strictly comply with this Agreement, the power of attorney, Share
Pledge Agreement and Exclusive Option Agreement, and perform its obligations
under such documents, and not no commit any actions/inactions that may affect
the validity and enforceability of such documents;

 

4.2.9                      not to sell, transfer, mortgage or dispose of in any other manner the
legal or beneficial interest in Borrower Equity Interest, or allow the
encumbrance thereon of any security interest or the encumbrance, except in
accordance with the Share Pledge Agreement;

 

4.2.10                To
cause any shareholders› meeting and/or the board of directors of Domestic
Company not to approve the sale, transfer, mortgage or disposition in any other
manner of any legal or beneficial interest in Borrower Equity Interest, or
allow the encumbrance thereon of any security interest, except to Lender or
Lender’s designated person;

 

4.2.11                To cause any shareholders› meeting and/or the
board of directors of the Borrower Company not to approve the merger or
consolidation

 

6

 

of Borrower Company with any
person, or its acquisition of or investment in any person, without the prior
written consent of Lender;

 

4.2.12                To immediately notify Lender of the occurrence or
possible occurrence of any litigation, arbitration or administrative
proceedings relating to Borrower Equity Interest;

 

4.2.13                to
the extent necessary to maintain his ownership of the Borrower Equity Interest,
to execute all necessary or appropriate documents, take all necessary or
appropriate actions and file all necessary or appropriate complaints or raise
necessary and appropriate defense against all claims;

 

4.2.14                without the prior written consent of Lender, to
refrain from any action / omission that may have a material impact on the
assets, business and liabilities of Borrower Company;

 

4.2.15                To appoint any designee of Lender as director of
Borrower Company, at the request of Lender;

 

4.2.16                to the extent permitted by the laws of China, at
the request of Lender at any time, to promptly and unconditionally transfer all
of Borrower Equity Interest to Lender or Lender’s designated representative(s) at
any time, and cause the other shareholders of Domestic Company to waive their
right of first refusal with respect to the share transfer described in this
Section;

 

4.2.17                to the extent permitted by the laws of China, at
the request of Lender at any time, to cause the other shareholders of Domestic
Company to promptly and unconditionally transfer all of their equity interests
to Lender or Lender’s designated representative(s) at any time, and
Borrower hereby waives his right of first refusal (if any) with respect to the
share transfer described in this Section;

 

4.2.18                in the event that Lender purchases Borrower Equity
Interest from Borrower in accordance with the provisions of the Exclusive
Option Agreement, use such purchase price obtained thereby to repay the Loan to
Lender; and

 

4.2.19                without the prior written consent of Lender, not
to supplement, change, or amend its articles of association in any manner,
increase or decreases its registered capital or change its share capital
structure in any manner.

 

5                     Liability for Default

 

5.1                       In the event either Party breaches this Agreement or otherwise causes
the non-performance of this Agreement in part or in whole, the Party shall be
liable for such breach and shall compensate all damages (including

 

7

 

litigation
and attorneys fees) resulting therefrom. In the event that both Parties breach
this Agreement, each Party shall be liable for its respective breach.

 

5.2                       In the event that Borrower fails to perform the repayment obligations
set forth in this Agreement, Borrower shall pay overdue interest of 0.01% per
day for the outstanding payment, until the day Borrower repays the full
principal of the Loan, overdue interests and other payable amounts.

 

6                     Notices

 

6.1                       All notices and other communications required or permitted to be given
pursuant to this Agreement shall be delivered personally or sent by registered
mail, postage prepaid, by a commercial courier service or by facsimile
transmission to the address of such Party set forth below.  A confirmation copy of each notice shall also
be sent by email.  The dates on which
notices shall be deemed to have been effectively given shall be determined as
follows:

 

6.1.1             Notices given by personal delivery, by courier service or by registered
mail, postage prepaid, shall be deemed effectively given on the date of
delivery.

 

6.1.2             Notices given by facsimile transmission shall be deemed effectively
given on the date of successful transmission (as evidenced by an automatically
generated confirmation of transmission).

 

6.2                       For the purpose of notices, the addresses of the Parties are as follows:

 

Lender:                            ChinaCache
Network Technology (Beijing) Co., Ltd.

Address:                      Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian
Qiao Middle Road, Chaoyang District, 100016, Beijing

Facsimile:                                 + 8610-6437 4251

 

Borrower:   Hao Yin

Address:                      Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian
Qiao Middle Road, Chaoyang District, 100016, Beijing

Facsimile:     + 8610-6437 4251

 

6.3                     Any
Party may at any time change its address for notices by a notice delivered to
the other Party in accordance with the terms hereof.

 

7                     Confidentiality

 

The Parties acknowledge that
any oral or written information exchanged among them with respect to this
Agreement, the contents of the Agreement and the preparation or performance
thereof is confidential information. The Parties shall maintain the
confidentiality of all such information, and without the written consent of
other Party, either Party shall not disclose any relevant information to

 

8

 

any third party, except in
the following circumstances: (a) such information is or will be in the
public domain (provided that this is not the result of a public disclosure by
the receiving party); (b) information disclosed as required by applicable
laws or rules or regulations of any stock exchange, or orders by
governmental authorities or court; or (c) information required to be
disclosed by any Party to its shareholders, investors, legal counsel or
financial advisor regarding the transaction contemplated hereunder, and such
shareholders, investors, legal counsel or financial advisor are also bound by
confidentiality duties similar to the duties in this section. Disclosure of any
confidential information by the staff members or agency hired by any Party shall
be deemed disclosure of such confidential information by such Party, which
Party shall be held liable for breach of this Agreement. This section shall
survive the termination of this Agreement for any reason.

 

8                     Governing Law and Resolution of Disputes

 

8.1            The
execution, effectiveness, construction, performance, amendment and termination
of this Agreement and the resolution of disputes shall be governed by the laws
of China.

 

8.2            In
the event of any dispute with respect to the construction and performance    of this Agreement, the Parties shall first
resolve the dispute through friendly negotiations. In the event the Parties
fail to reach an agreement on the dispute within 30 days after either Party’s
request to the other Party for resolution of the dispute through negotiations,
either Party may submit the relevant dispute to the China International
Economic and Trade Arbitration Commission for arbitration, in accordance with
its then effective arbitration rules. The arbitration shall be conducted in
Beijing, and the language used in arbitration shall be Chinese. The arbitration
award shall be final and binding on all Parties.

 

8.3            Upon the occurrence of any disputes arising from
the construction and performance of this Agreement or during the pending arbitration
of any dispute, except for the matters under dispute, the Parties to this
Agreement shall continue to exercise their respective rights under this
Agreement and perform their respective obligations under this Agreement.

 

9                     Miscellaneous

 

9.1            This Agreement shall become effective on the date
thereof, and shall expire upon the date of full performance by the Parties of
their respective obligations under this Agreement.

 

9.2            This Agreement shall be written in both Chinese
and English language in two copies, each Party having one copy with equal legal
validity. In case there is any conflict between the Chinese version and the
English version, the Chinese version shall prevail.

 

9.3            This
Agreement may be amended or supplemented through written agreement by and
between Lender and Borrower. Such written amendment

 

9

 

agreement and/or supplementary agreement executed
by and between Lender and Borrower are an integral part of this Agreement, and
shall have the same legal validity as this Agreement.

 

9.4            In the event that one or several of the provisions
of this Agreement are found to be invalid, illegal or unenforceable I n any
aspect in accordance with any laws or regulations, the validity, legality or
enforceability of the remaining provisions of this Agreement shall not be
affected or compromised in any respect. The Parties shall strive in good faith
to replace such invalid, illegal or unenforceable provisions with effective
provisions that accomplish to the greatest extent permitted by law the
intentions of the Parties, and the economic effect of such effective provisions
shall be as close as possible to the economic effect of those invalid, illegal
or unenforceable provisions.

 

9.5            The attachments (if any) to this Agreement shall
be an integral part of this Agreement and shall have the same legal validity as
this Agreement.

 

10

 

IN WITNESS THEREOF, the
parties have caused their authorized representatives to sign this Loan
Agreement on the date first above written.

 

Lender:   ChinaCache Network Technology
(Beijing) Co., Ltd.

 

 

	
  By:

  	
      /s/ Song Wang

  	
   

  
	
  Name: Song Wang

  	
   

  
	
  Title: Legal Representative

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Borrower:
  Hao Yin

  	
   

  
	
   

  	
   

  
	
  By:

  	
          /s/
  Hao Yin

  	
   

  

 

11Exhibit 10.30

 

Share Pledge Agreement

 

This Share Pledge Agreement (this “Agreement”) has been
executed by and among the following Parties on January 10, 2008 in Beijing,
People’s Republic of China (“PRC”):

 

Party A:   ChinaCache
Network Technology (Beijing) Co., Ltd. (hereinafter “Pledgee”)

Address:    Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian Qiao Middle Road,
Chaoyang District, 100016, Beijing

 

Party B: Huiling  Ying (hereinafter “Pledgor”)

ID Number:

 

Party
C: Shanghai Jnet Telcom Co., Ltd.

Address: Room 221, No.728 Guanghua Road,
Minhang District, Shanghai

 

In this Agreement, each of Pledgee, Pledgor and
Party C shall be referred to as a “Party” respectively, and they shall be
collectively referred to as the “Parties”.

 

Whereas:

 

1.                   Party
C is a limited liability company registered in Shanghai, China engaging in
value-added telecommunication service business and/or other business approved
by Pledgee.  Pledgor is the citizens of
the PRC, and holds 50% of the equity interest in Party C. Party C intends to
acknowledge the respective rights and obligations of Pledgor and Pledgee under
this Agreement, and to provide any necessary assistance in registering the
Pledge;

 

2.                   Pledgee
is a wholly foreign owned enterprise registered in Beijing, China. Pledgee and Party C, which is partially owned by
Pledgor, have executed an Exclusive Business Cooperation Agreement on the date
of this Agreement;

 

3.                   To
ensure that Party C performs its obligations under the Exclusive Business
Cooperation Agreement and pay the consulting and service fees in accordance
with said agreement, Pledgor hereby pledges all of the equity interest she
holds in Party C as security for Party C’s payment of the consulting and
service fees under the Exclusive Business Cooperation Agreement.

 

To perform the provisions of the Exclusive Business
Cooperation Agreement, the Parties have mutually agreed to execute this
Agreement upon the following terms.

 

1.                  Definitions

 

Unless otherwise provided herein, the terms
below shall have the following meanings:

 

1

 

1.1                      Pledge: shall refer to the security interest granted by Pledgor to
Pledgee pursuant to Article 2 of this Agreement, i.e., the right of
Pledgee to be compensated on a preferential basis with the conversion, auction
or sales price of the Equity Interest.

 

1.2                      Equity Interest: shall refer to all of the equity interest lawfully now
held and hereafter acquired by Pledgor in Party C.

 

1.3                      Term of Pledge: shall refer to the term set forth in Section 3.2 of
this Agreement.

 

1.4                      Exclusive Business Cooperation Agreement: shall refer to the Exclusive
Business Cooperation Agreement executed by and between Pledgee and Party C on
the date of this Agreement.

 

1.5                      Event of Default: shall refer to any of the circumstances set forth in Article 7
of this Agreement.

 

1.6                      Notice of Default: shall refer to the notice issued by Pledgee in accordance
with this Agreement declaring an Event of Default.

 

2.                  The Pledge

 

As collateral security for the prompt and complete
payment and performance when due (whether at stated maturity, by acceleration
or otherwise) of any or all the payments due by Party C, including without
limitation the consulting and services fees payable to the Pledgee under the Exclusive
Business Cooperation Agreement, Pledgor hereby pledges to Pledgee a first
security interest in all of Pledgor’s right, title and interest, whether now
owned or hereafter acquired by Pledgor, in the Equity Interest of Party C.

 

3.                  Term of Pledge

 

3.1                      The Pledge shall become effective as of the date when the pledge of the
Equity Interest is registered with the competent administration of industry and
commerce. The Pledge shall be continuously valid until all payments due under
the Principal Agreements have been fulfilled by Party C. The Parties agree that
Pledgor and Party C shall register the Pledge in the shareholders’ register of
Party C within 3 business days following the execution of this Agreement, and register
the pledge under this Agreement with competent administration of industry and
commerce within 10 days after such administration of industry and commerce
begins to accept application for share pledge registration (“Share Pledge
Registration”).

 

3.2                      During the Term of Pledge, in the event Party C fails to pay the
consulting or service fees in accordance with the Exclusive Business
Cooperation Agreement, Pledgee shall have the right, but not the obligation, to
dispose

 

2

 

of the Pledge in accordance with the
provisions of this Agreement.

 

4.                  Custody of Records for Equity Interest subject to
Pledge

 

4.1                      During the Term of Pledge set forth in this Agreement, Pledgor shall deliver
to Pledgee’s custody the capital contribution certificate for the Equity
Interest and the shareholders’ register containing the Pledge within one week
from the execution of this Agreement, and evidence of share pledge registration
(if any, “Pledge Registration Documents”) within one week after completion of
the share pledge registration. Pledgee shall have custody of such items during
the entire Term of Pledge set forth in this Agreement.

 

4.2                      Pledgee shall have the right to collect dividends generated by the Equity
Interest during the Term of Pledge.

 

5.                  Representations and Warranties of Pledgor

 

5.1                      Pledgor is the sole legal and beneficial owner of the Equity Interest.

 

5.2                      Pledgee shall have the right to dispose of and transfer the Equity
Interest in accordance with the provisions set forth in this Agreement.

 

5.3                      Except for the Pledge, Pledgor has not placed any security interest or
other encumbrance on the Equity Interest.

 

6.                  Covenants and Further Agreements of Pledgor

 

6.1                      Pledgor hereby covenants to the Pledgee, that during the term of this
Agreement, Pledgor shall:

 

6.1.1                      not transfer the Equity Interest, place or permit the existence of any
security interest or other encumbrance that may affect the Pledgee’s rights and
interests in the Equity Interest, without the prior written consent of Pledgee,
except for the performance of the Exclusive Option Agreement executed by
Pledgor, Pledgee and Party C on
the date of this Agreement;

 

6.1.2                      comply with the provisions of all laws and regulations applicable to the
pledge of rights, and within 5 days of receipt of any notice, order or
recommendation issued or prepared by relevant competent authorities regarding
the Pledge, shall present the aforementioned notice, order or recommendation to
Pledgee, and shall comply with the aforementioned notice, order or
recommendation or submit objections and representations with respect to the aforementioned
matters upon Pledgee’s reasonable request or upon consent of Pledgee;

 

3

 

6.1.3                      promptly notify Pledgee of any event or notice received by Pledgor that may
have an impact on Pledgee’s rights to the Equity Interest or any portion thereof,
as well as any event or notice received by Pledgor that may have an impact on
any guarantees and other obligations of Pledgor arising out of this Agreement.

 

6.2                      Pledgor agrees that the rights acquired by Pledgee in accordance with this
Agreement with respect to the Pledge shall not be interrupted or harmed by
Pledgor or any heirs or representatives of Pledgor or any other persons through
any legal proceedings.

 

6.3                      To protect or perfect the security interest granted by this Agreement
for payment of the consulting and service fees under the Exclusive Business
Cooperation Agreement, Pledgor hereby undertakes to execute in good faith and
to cause other parties who have an interest in the Pledge to execute all
certificates, agreements, deeds and/or covenants required by Pledgee.  Pledgor also undertakes to perform and to
cause other parties who have an interest in the Pledge to perform actions
required by Pledgee, to facilitate the exercise by Pledgee of its rights and authority
granted thereto by this Agreement, and to enter into all relevant documents
regarding ownership of Equity Interest with Pledgee or designee(s) of Pledgee
(natural/legal persons).  Pledgor
undertakes to provide Pledgee within a reasonable time with all notices, orders
and decisions regarding the Pledge that are required by Pledgee.

 

6.4                      Pledgor hereby undertakes to comply with and perform all guarantees,
promises, agreements, representations and conditions under this Agreement. In
the event of failure or partial performance of its guarantees, promises,
agreements, representations and conditions, Pledgor shall indemnify Pledgee for
all losses resulting therefrom.

 

7.                  Event of Breach

 

7.1                      The following circumstances shall be deemed Event of Default:

 

7.1.1                      Party C fails to perform any obligations under the Exclusive Business
Cooperation Agreement, including but not limited to its failure to pay in full
any of the consulting and service fees payable under the Exclusive Business
Cooperation Agreement or breaches any other obligations of Party C thereunder;

 

7.1.2                        Any representation or warranty by Pledgor in Article 5 of this Agreement
contains material misrepresentations or errors, and/or Pledgor violates any of
the warranties in Article 5 of this Agreement;

 

4

 

7.1.3                 Pledgor and Party C substantially breach any provisions of this
Agreement, or fails to correct such breach within 30 days after being notified
by the non-breaching party;

 

7.1.4                 Except as expressly stipulated in Section 6.1.1, Pledgor transfers or
purports to transfer or abandons the Equity Interest pledged or assigns the
Equity Interest pledged without the written consent of Pledgee;

 

7.1.5                 The successor or custodian of Party C is capable of only partially
perform or refuses to perform the payment obligations under the Exclusive
Business Cooperation Agreement; and

 

7.1.6                 Any other circumstances occur where Pledgee is or may become unable to
exercise its right with respect to the Pledge.

 

7.2                      Upon notice or discovery of the occurrence of any circumstances or event
that may lead to the aforementioned circumstances described in Section 7.1,
Pledgor shall immediately notify Pledgee in writing accordingly.

 

7.3                      Unless an Event of Default set forth in this Section 7.1 has been successfully
resolved to Pledgee’s satisfaction, Pledgee may issue a Notice of Default to
Pledgor in writing upon the occurrence of the Event of Default or at any time
thereafter and demand that Pledgor immediately pay all outstanding payments due
under the Principal Agreements and all other payments due to Pledgee, and/or
dispose of the Pledge in accordance with the provisions of Article 8 of
this Agreement.

 

8.                   Exercise of the Pledge

 

8.1                      Prior to the full payment of the consulting and service fees described
in the Principal Agreements, without the Pledgee’s written consent, Pledgor shall
not assign the Pledge or the Equity Interest in Party C.

 

8.2                      Pledgee may issue a Notice of Default to Pledgor when exercising the Pledge.

 

8.3                      Subject to the provisions of Section 7.3, Pledgee may exercise the right
to enforce the Pledge concurrently with the issuance of the Notice of Default
in accordance with Section 8.2 or at any time after the issuance of the Notice
of Default. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to
be entitled to any rights or interests associated with the Equity Interest.

 

8.4                      In the event of default, Pledgee is entitled to take possession of the Equity
Interest pledged hereunder and to dispose of the Equity Interest pledged, to
the extent permitted and in accordance with applicable laws, without obligation
to account to Pledgor for proceeds of disposition and Pledgor hereby waives any
rights it may have to demand any such accounting from

 

5

 

Pledgee. Likewise, in such circumstance
Pledgor shall have no obligation to Pledgee for any deficiency remaining after
such disposition of the Equity Interest pledged.

 

8.5                      When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor
and Party C shall provide necessary assistance to enable Pledgee to enforce the
Pledge in accordance with this Agreement.

 

9.                  Assignment

 

9.1                      Without Pledgee’s prior written consent, Pledgor shall not have the
right to assign or delegate its rights and obligations under this Agreement.

 

9.2                      This Agreement shall be binding on Pledgor and its successors and
permitted assigns, and shall be valid with respect to Pledgee and each of its
successors and assigns.

 

9.3                      At any time, Pledgee may assign any and all of its rights and obligations
under the Principal Agreements to its designee(s) (natural/legal persons),
in which case the assigns shall have the rights and obligations of Pledgee
under this Agreement, as if it were the original party to this Agreement. When
the Pledgee assigns the rights and obligations under the Principal Agreements,
upon Pledgee’s request, Pledgor shall execute relevant agreements or other
documents relating to such assignment.

 

9.4                      In the event of a change in Pledgee due to an assignment, Pledgor shall,
at the request of Pledgee, execute a new pledge agreement with the new pledgee
on the same terms and conditions as this Agreement, and make modification
registration with competent administration of industry and commerce.

 

9.5                       Pledgor shall strictly abide by the provisions of this Agreement and
other contracts jointly or separately executed by the Parties hereto or any of
them, including the Exclusive Option Agreement and the Power of Attorney
granted to Pledgee, perform the obligations hereunder and thereunder, and
refrain from any action/omission that may affect the effectiveness and
enforceability thereof. Any remaining rights of Pledgor with respect to the
Equity Interest pledged hereunder shall not be exercised by Pledgor except in
accordance with the written instructions of Pledgee.

 

10.           Termination

 

Upon the full payment of the consulting and
service fees under the Exclusive Business Cooperation Agreement and upon termination
of Party C’s obligations under the Principal Agreements, this Agreement shall
be terminated, and Pledgee shall then cancel or terminate this Agreement as
soon as reasonably practicable.

 

6

 

11.           Handling Fees and Other Expenses

 

All fees and out of pocket expenses relating
to this Agreement, including but not limited to legal costs, costs of
production, stamp tax and any other taxes and fees, shall be borne by Party C.

 

12.           Confidentiality

 

The Parties acknowledge that any oral or
written information exchanged among them with respect to this Agreement is
confidential information. Each Party shall maintain the confidentiality of all
such information, and without obtaining the written consent of other Parties,
it shall not disclose any relevant information to any third parties, except in
the following circumstances: (a) such information is or will be in the
public domain (provided that this is not the result of a public disclosure by
the receiving party); (b) information disclosed as required by applicable
laws or rules or regulations of any stock exchange; or (c) information
required to be disclosed by any Party to its legal counsel or financial advisor
regarding the transaction contemplated hereunder, and such legal counsel or
financial advisor are also bound by confidentiality duties similar to the
duties in this section. Disclosure of any confidential information by the staff
members or agency hired by any Party shall be deemed disclosure of such
confidential information by such Party, which Party shall be held liable for breach
of this Agreement. This section shall survive the termination of this Agreement
for any reason.

 

13.           Governing Law and Resolution of Disputes

 

The execution, effectiveness, construction, performance,
and the resolution of disputes hereunder shall be governed by laws of PRC.

 

In the event of any dispute with respect to the
construction and performance of the provisions of this Agreement, the Parties
shall negotiate in good faith to resolve the dispute. In the event the Parties
fail to reach an agreement on the resolution of such a dispute within 30 days
after any Party’s request for resolution of the dispute through negotiations,
any Party may submit the relevant dispute to the China International Economic
and Trade Arbitration Commission for arbitration, in accordance with its then  effective arbitration rules. The arbitration
shall be conducted in Beijing, and the language used during arbitration shall be Chinese. The
arbitration ruling shall be final and binding on all Parties.

 

Upon the occurrence of any
disputes arising from the construction and performance of this Agreement or
during the pending arbitration of any dispute, except for the matters under
dispute, the Parties to this Agreement shall continue to exercise their
respective rights under this Agreement and perform their respective obligations
under this Agreement.

 

14.           Notices

 

All notices and other communications required or
permitted to be given pursuant to this Agreement shall be delivered personally
or sent by

 

7

 

registered mail, postage prepaid, by a commercial
courier service or by facsimile transmission to the address of such party set
forth below. A confirmation copy of each notice shall also be
sent by E-mail. The dates on which
notices shall be deemed to have been effectively given shall be determined as
follows:

 

Notices given by personal delivery, by courier
service or by registered mail, postage prepaid, shall be deemed effectively
given on the date of delivery or refusal at the address specified for notices.

 

Notices given by facsimile transmission shall
be deemed effectively given on the date of successful transmission (as
evidenced by an automatically generated confirmation of transmission).

 

For the purpose of notices, the addresses of
the Parties are as follows:

 

Party A: Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian Qiao Middle Road,
Chaoyang District, 100016, Beijing

Fax:  +
8610-6437 4251

 

Party B: Floor 6, Tower A, Galaxy Plaza, No.10 Jiu Xian Qiao Middle Road,
Chaoyang District, 100016, Beijing

Fax:  + 8610-6437
4251

 

Party C: Room 517,
Tongji Jiayuan Service Apartment, No.1033 Kangding Road, 2000041, Shanghai

Fax:  + 8621-5228 9716-810

 

Any
Party may at any time change its
address for notices by a notice delivered to the other Parties in accordance with the
terms hereof.

 

15.           Severability

 

In the event that one or several of the provisions
of this Contract are found to be invalid, illegal or unenforceable in any
aspect in accordance with any laws or regulations, the validity, legality or
enforceability of the remaining provisions of this Contract shall not be
affected or compromised in any respect. The Parties shall strive in good faith
to replace such invalid, illegal or unenforceable provisions with effective
provisions that accomplish to the greatest extent permitted by law and the
intentions of the Parties, and the economic effect of such effective provisions
shall be as close as possible to the economic effect of those invalid, illegal
or unenforceable provisions.

 

16.           Attachments

 

The attachments set forth herein shall be an
integral part of this Agreement.

 

8

 

17.           Effectiveness

 

Any amendments, changes and supplements to this
Agreement shall be in writing and shall become effective upon completion of the
governmental filing procedures (if applicable) after the affixation of the
signatures or seals of the Parties.

 

This Agreement is written in Chinese in three
copies.  Pledgor, Pledgee and Party C
shall hold one copy respectively.  Each
copy of this Agreement shall have equal validity.

 

9

 

IN WITNESS THEREOF, the parties have caused their
authorized representatives to sign this Share Pledge Agreement on the date
first above written.

 

 

Party
A: ChinaCache Network
Technology (Beijing) Co., Ltd.

 

 

	
  By:

  	
      /s/ Song Wang

  	
   

  
	
  Name: Song Wang

  	
   

  
	
  Title: Legal Representative

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Party
  B: Huiling Ying

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
          /s/
  Huiling Ying

  	
   

  

 

 

Party C: Shanghai
Jnet Telcom Co., Ltd.

 

 

	
  By:

  	
        /s/ Yong Sha

  	
   

  
	
  Name:
  Yong Sha

  	
   

  
	
  Title: Legal Representative

  	
   

  

 

10

 

Attachments:

 

1.                               Shareholders’ register of Shanghai Jnet Telcom Co., Ltd.;

 

2.                               Capital Contribution Certificate for Shanghai Jnet Telcom Co., Ltd.;

 

3.                               Exclusive Business Cooperation Agreement; and

 

4.                               Pledge Registration Documents (if any).

 

11

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