Document:

Unassociated Document

    

    [Form
      of
      Letter Agreement for Keith Shui Kee Wu]

    

    [date]

    

    ASM
      Acquisition Company Limited

    Unit
      601-2, 6th
      Floor

    St.
      George’s Building

    2
      Ice
      House Street

    Central,
      Hong Kong

    

    UBS
      Securities LLC

    299
      Park
      Avenue

    New
      York,
      NY 10171

    

    
      	Re:	
              Initial
                Public Offering of ASM Acquisition Company
                Limited

            

    

    

    Ladies
      and Gentlemen:

    

    This
      letter is being delivered to you in accordance with the Underwriting Agreement
      (the “Underwriting
      Agreement”)
      entered into by and among ASM Acquisition Company Limited, an exempted company
      organized under the laws of the Cayman Islands (the “Company”),
      and
      UBS Securities LLC as the representative (the “Representative”)
      of the
      underwriters named in Schedule A thereto (collectively, the “Underwriters”),
      relating to an underwritten initial public offering (the “IPO”)
      of the
      Company’s units (the “Units”),
      each
      composed of one of the Company’s ordinary shares, par value $0.001 per share
      (the “Ordinary
      Shares”),
      and
      one warrant, which is exercisable for one Ordinary Share (the “Warrants”).
      Certain capitalized terms used herein are defined in paragraph 18
      hereof.

    

    In
      order
      to induce the Company and the Underwriters to enter into the Underwriting
      Agreement and to proceed with the IPO, and in recognition of the benefit that
      such IPO will confer upon the undersigned officer and/or director or advisor
      of
      the Company, and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the undersigned hereby agrees
      with
      the Company as follows:

    

    1. In
      the
      event that the Company fails to consummate a Business Combination within 24
      months (or 36 months if the Extended Period is approved by the Company’s
      shareholders) from the consummation of the IPO, the undersigned will take all
      reasonable actions within his or her power to (a) cause the Trust Account to
      be
      liquidated and distributed to the holders of the Ordinary Shares underlying
      the
      Units issued in the IPO (the “IPO
      Shares”)
      as
      promptly as practicable and (b) cause the Company to voluntarily wind-up and
      liquidate as promptly as practicable (the earliest date on which the conditions
      in clauses (a) and (b) are both satisfied being the “Liquidation
      Date”).
      

    

    2. Neither
      the undersigned nor any affiliate of the undersigned will be entitled to
      receive, and no such person will accept, any finder’s fee, consulting fee,
      reimbursement or cash payment or any other form of compensation, including
      the
      issuance of the Company’s securities, from the Company for services rendered to
      the Company prior to or in connection with the consummation of a Business
      Combination, other than (subject to the following sentence) (a) repayment
      of those certain Promissory Notes in the amount of $125,000 and $250,000 made
      to
      the Company by ASM SPAC(1) Limited, a British Virgin Islands incorporated
      company, to cover offering expenses; (b) a payment of an aggregate of $7,500
      per
      month to Argyle Street Management Limited, a British Virgin Islands incorporated
      company, for office space, administrative services and secretarial support;
      (c) reimbursement for any reasonably incurred out-of-pocket expenses
      related to identifying, investigating and consummating a Business
      Combination; (d) other expenses or advances that the Company is permitted to
      incur; or (e) compensation or fees that may be received for any services
      provided following such Business Combination. The undersigned acknowledges
      that
      the Company’s Audit Committee (or the Company’s Board of Directors, with any
      interested director abstaining from such review and approval, in the case of
      a
      director who is a member of the Company’s Audit Committee) will review and
      approve all payments made to the undersigned, the Company’s Existing Holders,
      Founders, officers, directors and advisors and the Company’s or their
      affiliates, other than the payments described in clauses (a) and (b) of the
      immediately preceding sentence.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3. The
      undersigned acknowledges and agrees that the Company will not enter into
      any transaction with any of the Company’s officers, directors or advisors or any
      of the Company’s or their respective affiliates, including loans by the
      Company’s officers, directors and advisors and any forgiveness of loans,
      (a) without the prior approval by a majority of the Company’s
      disinterested, “independent” (as defined below) directors or, in the event the
      Company has no “independent” directors, the members of the Company’s Board of
      Directors who do not have an interest in the transaction, in either case who
      had
      access, at the Company’s expense, to the Company’s attorneys or independent
      legal counsel, and (b) unless the Company’s disinterested, “independent”
directors determine that the terms of such transaction are no less favorable
      to
      the Company than those that would be available to the Company with respect
      to
      such a transaction from unaffiliated third parties. As used herein “independent”
means
      a
      director who qualifies as (a) an “independent director” under
      Section 121 of the American Stock Exchange’s AMEX Company Guide and
      (b) independent under Rule 10A-3 under the Securities Exchange Act of
      1934, as amended. 

    

    4. The
      undersigned is not obligated to present to the Company any potential business
      combination and may become involved as a principal (without involving the
      Company) or agent for a third party with respect to potential business
      combinations that otherwise would be appropriate for the Company, other
      than:

    

    (a) any
      business combination or opportunity that is brought to the attention of the
      undersigned solely in his capacity as a director of the Company; or

    

    (b) any
      business combination or opportunity that is identified by the undersigned solely
      through the disclosure of information by or on behalf of the
      Company.

    

    The
      undersigned agrees not to become affiliated with a blank check company other
      than the Company that may seek a Target Business until the earlier of the
      consummation by the Company of a Business Combination, the liquidation of the
      Company or until such time as the undersigned ceases to be an officer or
      director of the Company.

    

    5. The
      undersigned acknowledges and agrees that (i) the Company will not (a) consummate
      a Business Combination with a Target Business that is either (x) a portfolio
      company of, or has otherwise received a financial investment from, the Founders
      or their affiliates, or (y) affiliated with the Founders or the Company’s
      directors, officers or advisors, or (b) consummate a Business Combination with
      any Underwriter, or IPO selling group member, or any of their affiliates,
      unless, in each case, the Company obtains an opinion from an unaffiliated,
      independent investment banking firm which is a member of the Financial Industry
      Regulatory Authority (“FINRA”)
      that a
      Business Combination with such Target Business is fair to the Company’s
      shareholders from a financial point of view; and (ii) if, in connection with
      a
      Business Combination, any entity or entities with which the Company’s officers,
      directors or advisors are affiliated purchases a minority interest in the Target
      Business, the entity or entities affiliated with such officers, directors and/or
      advisors will be required to pay the same price per share or unit for their
      interest in the Target Business as the Company pays, the other terms of the
      investment of such affiliated entity or entities will be required to be no
      more
      favorable than the terms of the Company’s investment and such investment will
      require the prior approval by a majority of the Company’s disinterested,
“independent” directors.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    6. The
      undersigned will escrow any and all of (A) the Founders’ Units, Founders’
Shares and Founders’ Warrants (including the Ordinary Shares to be issued upon
      the exercise of the Founders’ Warrants) beneficially owned by him or her until
      one year after the consummation by the Company of a Business Combination and
      (B)
      the Insider Warrants (including the Ordinary Shares to be issued upon exercise
      of the Insider Warrants) beneficially owned by him or her until the consummation
      by the Company of a Business Combination subject to the terms of an Escrow
      Agreement which the Company will enter into with the Founders and the Existing
      Holders and an escrow agent acceptable to the Company.

    

    7. The
      undersigned agrees not to resign as Director until the earlier of the
      consummation by the Company of a Business Combination or the Liquidation
      Date,
      unless
      he
      or she becomes disabled by virtue of ill health or other disability and is
      unable to perform substantially and continuously his or her duties. The
      undersigned’s biographical and conflicts of interest information furnished to
      the Company and attached hereto as Exhibit A is true and accurate in all
      respects, does not omit any material information with respect to the
      undersigned’s background or conflicts of interest and contains all of the
      information required to be disclosed pursuant to Section 401 of Regulation
      S-K,
      promulgated under the Securities Act of 1933, as amended. The undersigned’s
      questionnaire(s) furnished to the Company and the Underwriters and attached
      hereto as Exhibit B is true and accurate in all respects. The undersigned
      represents and warrants that:

    

    (a) the
      undersigned is not subject to or a respondent in any legal action for, any
      injunction, cease-and-desist order or order or stipulation to desist or refrain
      from, any act or practice relating to the offering of securities in any
      jurisdiction;

    

    (b) the
      undersigned has never been convicted of or pleaded guilty to any crime
      (i) involving any fraud or (ii) relating to any financial transaction or
      handling of funds of another person, or (iii) pertaining to any dealings in
      any
      securities and the undersigned is not currently a defendant in any such criminal
      proceeding; and

    

    (c) the
      undersigned has never been suspended or expelled from membership in any
      securities or commodities exchange or association or had a securities or
      commodities license or registration denied, suspended or revoked.

    

    8. The
      undersigned hereby agrees (i) not to request that the Company’s Board of
      Directors consider any proposal to eliminate or amend Article 170 of the
      Company’s Amended and Restated Memorandum and Articles of Association, (ii) in
      connection with any shareholder vote on a proposal to amend the Company’s
      Amended and Restated Memorandum and Articles of Association, to vote any and
      all
      of the Founders’ Shares owned directly or indirectly by him or her in the same
      manner as a majority of the Public Shareholders, and (iii) not to seek
      shareholder approval to extend the amount of time the Company has to consummate
      a Business Combination beyond the Extended Period. This paragraph may not be
      modified or amended under any circumstances.

    

    9. The
      undersigned has full right and power, without violating any agreement by which
      he or she is bound (including, without limitation, any non-competition or
      non-solicitation agreement with any employer or former employer), to enter
      into
      and perform under this letter agreement and serve as Director, and hereby
      consents to being named in the Registration Statement as a director of the
      Company.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    10. If
      the
      Company seeks approval of its shareholders of either the Extended Period or
      a
      Business Combination, the undersigned will:

    

    (a) vote
      any
      Founder’s Shares owned directly or indirectly by him or her in accordance with
      the majority of the Ordinary Shares voted by the Company’s Public Shareholders
      in connection with the vote on the Extended Period or any Business Combination,
      as applicable; and

    

    (b) vote
      all
      Ordinary Shares that he or she may acquire in or following the IPO in favor
      of
      the Extended Period or the Business Combination, as applicable.

    

    In
      addition, the undersigned waives his or her right to exercise redemption rights
      with respect to any Ordinary Shares owned or to be owned by the undersigned,
      directly or indirectly, and agrees that he or she will not seek redemption
      with
      respect to such shares in connection with any vote to approve the Extended
      Period or a Business Combination.

    

    11. The
      undersigned hereby waives any and all right, title, interest or claim of any
      kind in or to (i) any and all of the quarterly distributions (the “Quarterly
      Distributions”)
      required by the Company’s Amended and Restated Memorandum and Articles of
      Association and described in the Company’s final prospectus relating to the IPO
      and (ii) any distributions of the Trust Account, or to any other amounts
      distributed in connection with a liquidating distribution of the Company, in
      each case, with respect to his or her Founders’ Shares and the Ordinary Shares
      underlying the Founders’ Warrants or the Insider Warrants (any “Claim”),
      and
      hereby waives any Claim the undersigned may have in the future as a result
      of,
      or arising out of, any contracts or agreements with the Company and will not
      seek recourse against the Company or the Trust Account for any reason
      whatsoever; provided that the foregoing shall not apply to any IPO Shares
      acquired by the undersigned. The undersigned hereby agrees that the Company
      shall be entitled to reimbursement from the undersigned for any Quarterly
      Distribution, any distribution of the Trust Account or any other amounts
      distributed by the Company in connection with a liquidating distribution
      received by the undersigned with respect to his or her Founders’ Shares or the
      Ordinary Shares underlying the Founders’ Warrants or the Insider
      Warrants.

    

    12. The
      undersigned agrees to indemnify and hold harmless the Company, jointly and
      severally with ASM SPAC(1) Limited and the other Founders, against any and
      all
      losses, liabilities, claims, damages and expenses whatsoever (including, but
      not
      limited to, any and all legal or other expenses reasonably incurred in
      investigating, preparing or defending against any litigation, whether pending
      or
      threatened, or any claim whatsoever) (collectively, “Damages”)
      to
      which the Company may become subject, but only if, and to the extent (a) the
      claims reduce the amounts in the Trust Account available for payment to holders
      of the IPO Shares in the event of a liquidation of the Trust Account and (b)
      the
      claims are made (i) by a vendor for services rendered, or products sold, to
      the
      Company; (ii) by a third party with which the Company enters into a contractual
      relationship following consummation of the IPO; or (iii) by a prospective Target
      Business arising out of any negotiations, contracts or agreements with the
      Company, provided that such indemnity shall not apply to any amounts claimed
      owed to a third party who executed a valid and legally enforceable waiver of
      any
      right, title, interest or claim of any kind in or to the Trust Account, or
      as to
      any claims under the Company’s obligation to indemnify the Underwriters against
      certain liabilities, including liabilities under the Securities Act of 1933,
      as
      amended. In the case of the Company’s dissolution and liquidation, the
      undersigned understands that the Company expects that all costs and expenses
      associated with implementing the Company’s plan of distribution, as well as
      payments to any creditors, will be funded from amounts remaining out of the
      $50,000 of proceeds from the IPO held outside the Trust Account and from the
      up
      to $2.5 million in interest income on the balance of the Trust Account that
      will
      be released to the Company to fund its working capital and general corporate
      requirements. Should the aforementioned funds not be sufficient, the undersigned
      hereby agrees to reimburse the Company for its out-of-pocket costs associated
      with its dissolution and liquidation, excluding any special, indirect or
      consequential costs, such as litigation, pertaining to the dissolution and
      liquidation. The undersigned hereby represents and warrants to the Company
      that
      it is an accredited investor as such term is defined in Regulation D under
      the Securities Act of 1933, as amended.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    13. This
      letter agreement shall be binding on the undersigned and such person’s
      respective successors, heirs, personal representatives and assigns. This letter
      agreement shall terminate on the earlier of (a) the consummation of a Business
      Combination and (b) the Liquidation Date; provided that such termination shall
      not relieve the undersigned from liability for any breach of this agreement
      prior to its termination.

    

    14. The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to the Underwriters and its legal representatives
      or
      agents (including any investigative search firm retained by the Underwriters)
      any information they may have about the undersigned’s background and finances
      (“Information”).
      Neither the Underwriters nor its agents shall be violating the undersigned’s
      right of privacy in any manner in requesting and obtaining the Information
      and
      the undersigned hereby releases them from liability for any damage whatsoever
      in
      that connection.

    

    15. The
      undersigned acknowledges and understands that the Company and the Underwriters
      will rely upon the agreements, representations and warranties set forth herein
      in proceeding with the IPO. Nothing contained herein shall be deemed to render
      the Underwriters a representative of, or a fiduciary with respect to, the
      Company, its shareholders, or any creditor or vendor of the Company with respect
      to the subject matter hereof.

    

    16. This
      letter agreement shall be governed by and interpreted and construed in
      accordance with the laws of the State of New York applicable to contracts formed
      and to be performed entirely within the State of New York, without regard to
      the
      conflicts of law provisions thereof to the extent such principles or rules
      would
      require or permit the application of the laws of another
      jurisdiction.

    

    17. No
      term
      or provision of this letter agreement may be amended, changed, waived, altered
      or modified except by written instrument executed and delivered by the party
      against whom such amendment, change, waiver, alteration or modification is
      to be
      enforced.

    

    18. As
      used
      herein:

    

    
      	 	
              ·

            	
              “Business
                Combination”
                means the acquisition of all or at least a majority of the equity
                interest
                in one or more Target Businesses through a merger, capital stock
                exchange,
                asset acquisition, stock purchase, or other similar transaction,
                including
                obtaining a majority interest through contractual
                arrangements.

            

    

    

    
      	 	
              ·

            	
              “Existing
                Holders”
                means all of the holders of the Company’s securities before completion of
                the IPO.

            

    

    

    
      	 	
              ·

            	
              “Extended
                Period”
                means the 12 month extension to the time period within which the
                Company
                must complete a Business Combination, which extension is conditioned
                upon
                (i) the Company entering into a letter of intent, agreement in principle
                or definitive agreement with respect to a Business Combination within
                24
                months following the consummation of the IPO, (ii) the Company’s
                shareholders approving the Extended Period at a special meeting of
                the
                Company’s shareholders for the purpose of soliciting their approval for
                such extension, and (iii) holders of less than 30.0% of the IPO Shares
                both voting against the Extended Period and exercising their redemption
                rights in connection with such
                vote.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	 	
              ·

            	
              “Founders”
                means the Company’s officers and directors and ASM SPAC(1)
                Limited.

            

    

    

    
      	 	
              ·

            	
              “Founders’
                Units”
                means the 4,312,500 units purchased from the Company by ASM SPAC(1)
                Limited on December 12, 2007 (up to 562,500 of which Founders’ Units will
                be redeemed by the Company to the extent that the Underwriters do
                not
                exercise their over-allotment option) for a purchase price of $25,000,
                or
                approximately $0.006 per Founders’ Unit. Each Founders’ Unit consists of
                one Ordinary Share (each a “Founders’
                Share”)
                and one warrant to purchase one Ordinary Share (each a “Founders’
                Warrant”).
                In February 2008, (a) Keith Wu purchased 215,625 Founders’ Units, (b)
                Kenneth Gaw purchased 215,625 Founders’ Units, (c) Kenneth Shen purchased
                269,531 Founders’ Units and (d) Richard Gadbois purchased 53,906 Founders’
                Units (an aggregate of 754,687 Founders’ Units) from ASM SPAC(1) Limited
                for approximately $0.006 per Founders’
Unit.

            

    

    

    
      	 	
              ·

            	
              “Insider
                Warrants”
                means the 4,550,000 warrants ASM SPAC(1) Limited, Keith Wu, Kenneth
                Gaw,
                Kenneth Shen and Richard Gadbois have committed to purchase at a
                price of
                $1.00 per warrant for an aggregate purchase price of $4,550,000 in
                a
                private placement that will occur immediately prior to the completion
                of
                the IPO.

            

    

    

    
      	 	
              ·

            	
              “Public
                Shareholders”
                means purchasers of Ordinary Shares in the IPO or in the secondary
                market,
                including any of the Company’s officers or directors and their affiliates
                to the extent that they purchase or acquire Ordinary Shares in the
                IPO or
                in the secondary market.

            

    

    

    
      	 	
              ·

            	
              “Target
                Business”
                means one or more operating businesses having its primary operations
                in
                Asia (including, without limitation, each country located in the
                Eastern,
                Southern and South Eastern subregions of Asia, but specifically excluding
                North Korea), which, after completion of the IPO, the Company may
                target
                for a Business Combination.

            

    

    

    
      	 	
              ·

            	
              “Trust
                Account”
                means the trust account established under the Investment Management
                Trust
                Agreement, dated as of [________], 2008, by and between the Company
                and
                Continental Stock Transfer & Trust
                Company.

            

    

     

    
       

      
        	 	
                By:

              	
                      
                  

              	 
	 	
                 

              	
                Name:
                  Keith Shiu Kee Wu

              	 
	 	
                 

              	
                Title:
                  Director

              

      

      
         

      

      Accepted
        and agreed:

      
        

        ASM
          ACQUISITION COMPANY LIMITED

        

        

        
          	
                  By:

                	
                     
                    

                	 
	
                   

                	
                  Name:
                    

                	 
	
                   

                	
                  Title:
                    

                	 

        

        

        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

      

    

     

    Exhibit
      A

    [Biographical
      and Conflicts of Interest Information Furnished to the Company]

    

    

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

     

    Exhibit
      B

    [D&O
      Questionnaire and NASD Questionnaire]

     

     

    
      
        
        

      

      
        B-1EX-4.19 TECHNOLOGY CONSULTING AND SERVICES AGMT

Exhibit 4.19

TRANSLATION

EXCLUSIVE TECHNOLOGY CONSULTING AND SERVICES AGREEMENT

This Exclusive Technology Consulting Services Agreement (this “Agreement”) is entered into in
[Location] on [Date] between the following two parties:

	 	 	 
	Party A:

	 	Baidu Online Network Technology (Beijing) Co., Ltd.
	 
	 	 
	Legal Address:

	 	12/F., Ideal International Plaza, No. 58 North-West 4th Ring, Haidian District, Beijing, PRC, 100080
	 
	 	 
	Party B:

	 	[Name of the consolidated affiliated PRC entity], (the “Company”)
	 
	 	 
	Legal Address:
	 	 

WHEREAS:

	1.	 	Party A is a wholly foreign-owned enterprise duly incorporated under the laws of the People’s
Republic of China (the “PRC”), which has the technology expertise and practical experience in
the development and design of computer software, and also has rich experience and a team of
professionals specializing in information technology and services;
	 
	2.	 	Party B is a limited liability company duly incorporated in [Location], which is licensed by
[Licensing Agency] to carry out the business of [Business];
	 
	3.	 	Since [Date], Party A has been providing exclusive technology consulting and related services
to Party B and Party B has agreed to accept such services. Both parties wish to continue this
cooperation and sign a written agreement to stipulate their respective rights and obligations.

NOW THEREFORE, both parties, through negotiations, agree as follows:

	1.	 	Exclusive Technology Consulting and Services; Sole and Exclusive Interests

	 	1.1	 	During the term of this Agreement, Party A agrees, as the exclusive technology
consulting and services provider of Party B, to provide the exclusive technology
consulting and services to Party B in accordance with the terms and conditions of this
Agreement (the content of such services is specified in Appendix 1 hereto).
	 
	 	1.2	 	Party B agrees to accept the exclusive technology consulting and services
provided by Party A and further agrees that, during the term of this Agreement, Party B
shall not accept such technology consulting and services for the aforesaid business from
another party without the prior written consent of Party A.

	2.	 	Calculation, Payment and Guarantee of the Fees for the Technology Consulting and Services
(the “Fee”)

	 	2.1	 	Both parties agree to calculate and pay the Fee under this Agreement in
accordance with the methods listed on Appendix 2 hereof.
	 
	 	2.2	 	Party B’s shareholders shall pledge the equity interests of Party B to Party A
for securing the Fee payable by Party B pursuant to this Agreement.

	3.	 	Intellectual Property Rights

	 	3.1	 	Party A shall be the sole owner of the copyrights of the software designed by
Party A and other relevant software, any intellectual property obtained through the
research and development by Party A and any derivative rights arising from the
performance of this Agreement or any other agreement reached by both parties, including,
but not limited to, patent application rights,
copyrights or other intellectual property rights of the software, technical documents
and materials and the rights to license or transfer such intellectual property, etc.

 

 

	 	3.2	 	During the performance of this Agreement, if Party B needs to use Party A’s
software programs or systems, both parties shall sign a separate agreement setting forth
the scope, method and fee of such license.

	4.	 	Representations and Warranties

	 	4.1	 	Party A hereby represents and warrants as follows:

	 	4.1.1	 	Party A is a wholly foreign-owned enterprise duly incorporated and
validly existing under PRC law;
	 
	 	4.1.2	 	The execution and performance of this Agreement by Party A are
within its corporate power and business scope. Party A has taken necessary
corporate actions and obtained appropriate authorizations, and has obtained the
necessary consents or approvals from other third parties or government agencies.
The execution and performance of this Agreement by Party A do not violate the laws
and contracts binding upon or influencing Party A; and
	 
	 	4.1.3	 	Upon execution, this Agreement will constitute a legal, valid and
binding obligation of Party A enforceable against Party A in accordance with its
terms.

	 	4.2	 	Party B hereby represents and warrants as follows:

	 	4.2.1	 	Party B is a limited liability company duly incorporated and validly
existing under the laws of the PRC, and is licensed by [Licensing Agency] to carry
out the business of [Business];
	 
	 	4.2.2	 	The execution and performance of this Agreement by Party B are
within its corporate power and business scope. Party B has taken necessary
corporate actions and obtained appropriate authorizations, and has obtained the
necessary consents or approvals from other third parties or government agencies.
The execution and performance of this Agreement by Party B do not violate the laws
and contracts binding upon or influencing Party B; and
	 
	 	4.2.3	 	Upon execution, this Agreement will constitute a legal, valid and
binding obligation of Party B enforceable against Party B in accordance with its
terms.

	5.	 	Confidentiality

	 	5.1	 	Party B agrees to take all reasonable steps to protect and maintain the
confidentiality of the confidential data and information acknowledged or received by
Party B through accepting the exclusive consulting and services from Party A
(collectively, the “Confidential Information”). Party B shall not disclose, give or
transfer any Confidential Information to any third party without Party A’s prior written
consent. Upon termination of this Agreement, Party B shall, at Party A’s request, return
any and all documents, information or software containing any of such Confidential
Information to Party A or destroy it at its own discretion, and delete all of such
Confidential Information from any memory devices, and cease to use such Confidential
Information.
	 
	 	5.2	 	Both parties acknowledge and confirm that any oral or written materials exchanged
pursuant to this Agreement are confidential. Each party shall keep confidential all such
materials and not disclose any such materials to any third party without the prior
written consent from the other party except in the following situations: (a) such
materials are or will become known by the public (through no fault of the receiving
party); (b) any materials as required to be disclosed by the applicable laws or rules of
the stock exchange; and (c) any materials disclosed by each party to its legal or
financial advisors relating to the transactions contemplated by this Agreement, and such
legal or financial advisors shall comply with the confidentiality provisions set forth
in this Article 5. Any disclosure of confidential information by the personnel of any
party or by the institutions
engaged by such party shall be deemed as a disclosure by such party, and such party
shall be liable for the breach under this Agreement.

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	 	5.3	 	Both parties agree that this Article 5 shall survive the invalidity,
cancellation, termination or unenforceability of this Agreement.

	6.	 	Indemnity

	 	 	 	Party B shall indemnify and hold harmless Party A from and against any losses, damages,
liabilities or expenses arising from any litigation, claims or other request against
Party A, which arises from or is caused by the content of consulting and services
required by Party B.

	7.	 	Effective Date and Term

	 	7.1	 	This Agreement shall be signed and take effect as of the date first set forth
above.
	 
	 	7.2	 	The term of this Agreement is ten (10) years unless terminated earlier as set
forth herein or in accordance with the terms set forth in other agreements entered into
by both parties.
	 
	 	7.3	 	This Agreement may be extended with the written consent of both parties at its
expiration, and the extended term shall be determined by both parties through
negotiation. If both parties fail to reach any agreement on such extension, this
Agreement shall be extended for one (1) year automatically at its expiration (including
any expiration of extended term) unless Party A informs Party B of its decision not to
extend this Agreement with a written notice before the expiration date.
	 
	 	7.4	 	If the duration of operation (including any extension thereof) of either party is
expired or terminated for other reasons within the term set forth in Sections 7.2 and
7.3 hereof, this Agreement shall be terminated simultaneously, except in the situation
where such party has assigned its rights and obligations in accordance with Article 13
hereof.

	8.	 	Termination

	 	8.1	 	Termination upon Expiration
	 
	 	 	 	This Agreement shall be terminated on its expiration date unless it is extended in
accordance with the provisions hereof.
	 
	 	8.2	 	Early Termination
	 
	 	 	 	During the term of this Agreement, Party B shall not terminate this Agreement unless
Party A engages in acts of gross negligence, fraud, other illegal acts or becomes
bankrupt. Notwithstanding the foregoing provisions, Party A may terminate this
Agreement at any time with a written notice to Party B given thirty (30) days in
advance. During the term of this Agreement, if Party B breaches this Agreement and has
not cured its breach within fourteen (14) days upon receipt of Party A’s written notice
of such breach, Party A may inform Party B with a written notice of the termination of
this Agreement.
	 
	 	8.3	 	Survival
	 
	 	 	 	The rights and obligations to both parties under Articles 5, 10 and 12 shall continue
to be effective upon the termination of this Agreement.

	9.	 	Governing Law
	 
	 	 	The performance, interpretation and enforcement of this Agreement shall be governed by the
laws of the PRC.
	 
	10.	 	Dispute Resolution
	 
	 	 	Any dispute arising in connection with the interpretation and performance of the provisions
of this Agreement shall be resolved by the parties in good faith through negotiations. In
case no resolution can
be reached by the parties within thirty (30) days after either party makes a request for a
dispute resolution through negotiations, either party may refer such dispute to the China
International Economic and Trade Arbitration Commission (the “CIETAC”) for arbitration in
accordance with CIETAC’s arbitration rules

3

 

	 	 	then in effect. The seat of arbitration shall be
in Beijing, and the language of the proceedings shall be Chinese. The arbitral award shall be
final and binding upon both parties.
	 
	11.	 	Force Majeure

	 	11.1	 	Force Majeure, which includes but not limited to acts of governments, acts of
nature, fires, explosions, typhoons, floods, earthquakes, tides, lightning or war, means
any unforeseen event that is beyond the party’s reasonable control and cannot be
prevented with reasonable care of the affected party. However, any insufficiency of
creditworthiness, capital or financing shall not be regarded as an event beyond the
party’s reasonable control. The party affected by Force Majeure and seeks for the
exemption from performing the obligations under this Agreement shall inform the other
party of such exemption and any action taken by it for performing this Agreement.
	 
	 	11.2	 	In the event that the affected party is delayed in or prevented from performing
its obligations under this Agreement by Force Majeure, and only to the extent of such
delay or prevention, the affected party shall not be liable for the obligations under
this Agreement. The affected party shall take appropriate measures to minimize or
remove the effects of Force Majeure and attempt to resume the performance of the
obligations delayed or prevented by the event of Force Majeure. Once the event of Force
Majeure is removed, both parties agree to resume the performance of this Agreement using
their best efforts.

	12.	 	Notices
	 
	 	 	Notices or other communications required to be given by any party pursuant to this Agreement
shall be written in English and Chinese and delivered personally or sent by registered mail
or postage prepaid mail or by a recognized courier service or by facsimile transmission to
the address of each relevant party or both parties set forth below or such other address or
addressees as specified by such party from time to time. The date when the notice is deemed
to be duly served shall be determined as follows: (a) a notice delivered personally is deemed
duly served upon delivery; (b) a notice sent by mail is deemed duly served the tenth (10th)
day after the date when the postage prepaid registered airmail was sent out (as is shown on
the postmark), or the fourth (4th) day after the delivery date to the
internationally-recognized courier service agency; and (c) a notice sent by facsimile
transmission is deemed duly served upon the receipt time as is shown on the transmission
confirmation for relevant documents.

	 	 	 
	Party A:

	 	Baidu Online Network Technology (Beijing) Co., Ltd.
	 
	 	 
	 

	 	Address: 12/F, Ideal Intl. Plaza, No. 58 West-North 4th Ring, Beijing PRC, 100080
	 
	 	 
	 

	 	Attn:
	 
	 	 
	 

	 	Fax: [86 10 8260-7009]
	 
	 	 
	 

	 	Tel: [86 10 8262-1188]
	 
	 	 
	Party B:

	 	[Name of the consolidated affiliated PRC entity]
	 
	 	 
	 

	 	Address:
	 
	 	 
	 

	 	Attn:
	 
	 	 
	 

	 	Fax:
	 
	 	 
	 

	 	Tel:

	13.	 	Assignment

	 	13.1	 	Party B shall not assign its rights or obligations under this Agreement to any
third party without the prior written consent of Party A.

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	 	13.2	 	Party B hereby agrees that Party A may assign its rights and obligations under
this Agreement as Party A deems necessary and such transfer shall only be subject to a
written notice sent to Party B by Party A, without further consent from Party B
required.

	14.	 	Entire Agreement
	 
	 	 	Both parties confirm that once this Agreement becomes effective, it shall constitute the
entire agreement of both parties hereto with respect to the subject matters hereof and
supersede all prior oral and/or written agreements and understandings by the parties with
respect to the subject matters hereof.
	 
	15.	 	Severability
	 
	 	 	If any provision of this Agreement is judged to be invalid or unenforceable because it is
inconsistent with applicable laws, such invalidity or unenforceability shall be only with
respect to such laws, and the validity, legality and enforceability of the other provisions
hereof shall not be affected.
	 
	16.	 	Amendment or Supplement
	 
	 	 	Any amendment or supplement to this Agreement shall be made by the parties in writing. The
amendments or supplements duly executed by each party shall form an integral part of this
Agreement and shall have the same legal effect as this Agreement.
	 
	17.	 	Counterparts
	 
	 	 	This Agreement shall be executed in two originals, with each party holding one original. All
originals shall have the same legal effect.

[No text below on this page]

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IN WITNESS WHEREOF, each party hereto have caused this Agreement to be duly executed by its legal
representative or a duly authorized representative on its behalf as of the date first set forth
above.

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

Legal or Authorized Representative:                     
                               
         

Seal:

Party B: [Name of the consolidated affiliated PRC entity]

Legal or Authorized Representative:                     
                
                        

Seal:

6

 

Appendix 1

Content of Technology Consulting and Services

7

 

Appendix 2

Calculation and Payment of the Fee for the Technology Consulting and Services

8

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