Document:

Exhibit 4.8

 

AMENDED AND RESTATED LOAN AGREEMENT

 

This Amended and Restated Loan Agreement (this “Agreement”) is entered into in Shanghai, the People’s Republic of China (“PRC”) as of February 28, 2013 by and between the following parties:

 

(1)                                 Party A: Ctrip Computer Technology (Shanghai) Co., Ltd.
 Address: 3F Block 63, 421 Hong Cao Road, Shanghai; and

 

(2)                                 Party B: Min Fan
 Sex: Male
 PRC Identification Card No.: 310104196506140432
 Address: Room 1603 Block 2, Lane 355 Beijing Road (W), Huangpu District, Shanghai;

 

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

 

WHEREAS

 

(1)                                 Party A is a wholly foreign owned enterprise duly incorporated and validly existing under the PRC laws, and Party B is a PRC citizen.

 

(2)                                 Party B holds 89.8% equity interest in Shanghai Ctrip Commerce Co., Ltd. (“Ctrip Commerce”), and needs to obtain financial support from Party A to contribute such equity interest; meanwhile, Party A is willing to provide capitals to Party B in the form of a loan.

 

(3)                                 Party B entered into a Supplementary Loan Agreement and two Loan Agreements as of September 10, 2003, January 15, 2004 and September 16, 2011 respectively (including all subsequent amendments and supplements thereto, collectively, the “Original Loan Agreements”), and the Parties wish to amend and restate the Original Loan Agreements and enter into this Agreement to supersede the Original Loan Agreements.

 

NOW, THEREFORE, Upon mutual consultation, the Parties hereby agree as follows:

 

1.                                      Loan

 

1.1                               Subject to the terms and conditions of this Agreement, Party A agrees to provide Party B with a long-term loan at an aggregate amount of RMB twenty six million nine hundred and forty thousand (¥26,940,000) (the “Loan”).

 

1.2                               Party A confirms to have received the Loan.

 

1.3                               The Parties agree and confirm that any increase of the registered capital of Ctrip Commerce subscribed by Party B in the future shall be funded by a loan from Party A, and with respect to such increase of the registered capital, the Parties agree to enter into a supplementary agreement based on this Agreement. Party B shall not pay such 

 

 

subscribed increase of registered capital with its own funds or through a loan from a third party other than Party A, except with the written consent from Party A.

 

1.4                               The Parties agree and confirm that unless otherwise provided herein, the Loan hereunder shall be interest free, which is to say, Party B does not need to pay any interest to Party A with respect to the Loan hereunder.

 

2.                                      Use of Loan

 

2.1                               Party B agrees to accept the Loan provided by Party A, and hereby agrees and undertakes that the Loan has been used in its entirety to pay Party B’s subscription to the registered capital of Ctrip Commerce for its formation or to subscribe to the increase (if any) of the registered capital of Ctrip Commerce. Party B shall use the Loan solely for the foregoing purpose, and shall not use the Loan for any purposes other than that agreed herein unless Party A’s prior written consent has been obtained. Furthermore, Party B shall not transfer or pledge its equity interest or other rights in Ctrip Commerce to any third party, or otherwise dispose of its equity interest in Ctrip Commerce, including creating any encumbrances thereupon, except for the benefit of Party A and/or its designated person (including legal or natural, the “Party A’s Designated Person”) as requested by Party A.

 

2.2                               Party B hereby agrees and confirms that it will not withdraw and take out its contribution to Ctrip Commerce throughout the operating term of Ctrip Commerce.

 

3.                                      Term of Loan

 

3.1                               The term of the  Loan hereunder shall commence from the date when Party B actually receives  the Loan to the tenth (10th) anniversary of the date hereof.

 

3.2                               The term of the Loan will be automatically extended for another ten (10) years upon the expiry of the first ten-year term, and so forth thereafter for unlimited number of times, unless Party A sends a prior written notice to disapprove the extension. Once Party A sends such notice, the Loan shall become mature at the end of the term, and Party B shall perform its repayment obligation in the manner stipulated in Article 4 below within thirty (30) days upon the maturity of the Loan. Party B has no right to decide on the extension of the term, nor may it repay the Loan before scheduled.

 

3.3                               During the term or any extended term of the Loan, the Loan will become immediately due and payable by Party B (or its inheritors, successors or assigns) in the manner stipulated in Article 4 hereof if:

 

(1)                                 Party B dies or becomes a person incapacitated or with limited capacity for civil acts;

 

(2)                                 Party B ceases to hold the position of director or senior officer of Party A or any of its affiliates, or leaves, or is dismissed by, Party A or any of its affiliates;

 

(3)                                 Party B commits or is involved in a crime;

 

 

(4)                                 any third party claims RMB five hundred thousand (¥500,000) against Party B;

 

(5)                                 any of the representations or warranties made by Party B hereunder is proved to be untrue at the time it is made, or inaccurate in any material respect; or Party B breaches any of its obligations under this Agreement or any other agreement entered into with Party A, including without limitation the Equity Pledge Agreement (as defined below) and Exclusive Call Option Agreement (as defined below);

 

(6)                                 Party A exercises the exclusive call option under the Exclusive Call Option Agreement defined in Article 5.2 below;

 

(7)                                 this Agreement, the Equity Pledge Agreement, or the Exclusive Call Option Agreement is terminated or held invalid by any court for any reason whatsoever; or

 

(8)                                 Party A, at its sole discretion, sends a written notice to Party B at any time, requesting Party B to repay the Loan earlier than scheduled.

 

4.                                      Repayment of Loan

 

4.1                               Party A and Party B hereby mutually agree and confirm that the Loan shall be repaid in the following manner only: to the extent permitted by applicable laws, Party B will transfer all or part of its equity interest in Ctrip Commerce to Party A or Party A’s Designated Person as requested by Party A in writing.

 

4.2                               Party A and Party B hereby mutually agree and confirm that any and all proceeds from Party B’s transfer of its equity interest in Ctrip Commerce shall be entirely used for repayment of the principal of the Loan and as the consideration for the grant of the Loan by Party A to Party B; the principal of the Loan and such consideration shall be fully paid in the manner designated by Party A.

 

4.3                               Party A and Party B hereby mutually agree and confirm that, to the extent permitted by the applicable laws, Party A has the right but no obligation to purchase, or have Party A’s Designated Person purchase at any time, all or part of the equity interest held by Party B in Ctrip Commerce at any price confirmed by Party A.

 

4.4                               Party A and Party B hereby mutually agree and confirm that, Party B shall be deemed to have fulfilled its repayment obligations hereunder only after both of the following conditions have been satisfied:

 

(1)                                 Party B shall have transferred all of its equity interests in Ctrip Commerce to Party A and/or Party A’s Designated Person as requested by Party A; and

 

(2)                                 Party B has repaid to Party A the entire transfer proceeds for repayment of the principal of the Loan and as consideration for the grant of the Loan by Party A to Party B hereunder.

 

4.5                               If Ctrip Commerce goes bankrupt, is dissolved or is duly ordered for closure during the term of the Loan hereunder, Party B shall liquidate Ctrip Commerce according to

 

 

laws and transfer all of the proceeds or remaining property from such liquidation to Party A for repayment of the principal of the Loan and as consideration for the grant of Loan by Party A to Party B hereunder.

 

4.6                               Interest of Loan

 

(1)                                 The Loan will be deemed as a zero interest loan if the price to transfer the equity interests in Ctrip Commerce to Party A or Party A’s Designated Person by Party B is equal to or less than the principal of the Loan;

 

(2)                                 On the other hand, if the equity interest transfer price exceeds the principal of the Loan hereunder, the exceeding amount shall, to the extent permitted by applicable law, be deemed as the consideration for the grant of Loan by Party A to Party B hereunder, and shall be reimbursed to Party A by Party B together with the principal of the Loan. Such consideration shall include, without limitation, highest interest possible accrued on the Loan during the term of the Loan to the extent permitted by applicable law, cost of capital occupation, and all taxes, fees and expenses incurred by the parties (including transferor and transferee) over the course of equity transfer by Party B to Party A or Party A’s Designated Person under this Agreement.

 

5.                                      Conditions Precedent to the Loan

 

The obligation of Party A to provide Party B with the Loan hereunder is conditional upon and subject to the satisfaction, or the waiver in writing by Party A of each of the following condition:

 

5.1                               Party A and Party B having duly entered into an Amended and Restated Equity Pledge Agreement (the “Equity Pledge Agreement”), pursuant to which Party B agrees to pledge all its equity interest in Ctrip Commerce to Party A;

 

5.2                               Party A, Party B and Ctrip Commerce having duly entered into an Amended and Restated Exclusive Call Option Agreement (the “Exclusive Call Option Agreement”), pursuant to which Party B will grant an irrevocable and exclusive call option for Party A to purchase all of Party B’s equity interest in Ctrip Commerce;

 

5.3                               each of the representations and warranties made by Party B under Article 6.2 below being true, complete, correct and not misleading, and will be true, complete, correct and not misleading as of the day when the Loan is received; and

 

5.4                               Party B not breaching any of its covenants made in Article 7 below, and no events having occurred or being anticipated to occur that may affect Party B’s performance of its obligations hereunder.

 

6.                                      Representations and Warranties

 

6.1                               From the date of this Agreement until the termination hereof, Party A represents and warrants to Party B that:

 

(1)                                 it is a wholly foreign-owned company duly incorporated and validly existing under the laws of the PRC;

 

 

(2)                                 it has the power and receives all approvals and authorities necessary and appropriate to execute and perform this Agreement. Its execution and performance of this Agreement are in compliance with its business scope, its articles of association or other organizational documents;

 

(3)                                 neither the execution nor the performance of this Agreement by Party A is in breach of any law, regulation, government approval, authorization, notice or any other government document by which it is bound or affected, or any agreement between it and any third party or any covenant issued to any third party; and

 

(4)                                 this Agreement, once executed, constitutes a legal, valid and enforceable obligation upon Party A.

 

6.2                               From the date of this Agreement until the termination hereof, Party B represents and warrants to Party B that:

 

(1)                                 neither the execution nor the performance of this Agreement by Party B is in breach of any law, regulation, government approval, authorization, notice or any other government document by which it is bound or affected, or any agreement between it and any third party or any covenant issued to any third party;

 

(2)                                 this Agreement, once executed, constitutes a legal, valid and enforceable obligation upon Party A;

 

(3)                                 it will duly pay up the full contribution with respect to its equity interest in Ctrip Commerce according to law, and has not withdrawn or taken out any of its contributions to Ctrip Commerce;

 

(4)                                 except for those provided under the Equity Pledge Agreement and Exclusive Call Option Agreement, it creates no mortgage, pledge or any other encumbrance (including security interest) upon its equity interest in Ctrip Commerce, provides no offer to any third party to transfer such equity interest, makes no covenant regarding any offer to purchase such equity interest from any third party, or enters into any agreement with any third party to transfer such equity interest;

 

(5)                                 there is no existing or potential dispute, suit, arbitration, administrative proceeding or any other legal proceeding relating to Party B and/or its equity interest in Ctrip Commerce; and

 

(6)                                 Ctrip Commerce has completed all government approvals, authorizations, licenses, registrations and filings necessary to conduct its businesses included in its business scope and own its assets.

 

7.                                      Covenants by Party B

 

7.1                               Party B covenants in its capacity of shareholder of Ctrip Commerce that during the term of this Agreement it will cause Ctrip Commerce:

 

 

(1)                                 not to, in any form whatsoever, supplement, amend or modify its articles of association, or increase or decrease its registered capital, or change its shareholding structure without prior written consent from Party A;

 

(2)                                 to maintain its existence, prudently and effectively operate its businesses and deal with its affairs in line with fair financial and business standards and customs;

 

(3)                                 not to make any act and/or omission that may materially affect Ctrip Commerce’s assets, business and liabilities without prior written consent from Party A; at any time as of the date hereof, not to sell, transfer, pledge or otherwise dispose of any legal or beneficial interest in any of Ctrip Commerce’s assets, businesses or revenues, or allow creation of any other form of encumbrances thereon without prior written consent from Party A;

 

(4)                                 not to incur, inherit, guarantee or allow the existence of any debt without prior written consent from Party A, except for (i) any debt arising from ordinary or day-to-day business rather than from borrowing; and (ii) any debt which has been disclosed to  and has obtained the written consent from Party A;

 

(5)                                 to always carry out all activities in the ordinary course of business to maintain the value of its assets, and not to make any act and/or omission that may adversely affect its results and asset value;

 

(6)                                 not to enter into any material contract without prior written consent from Party A, other than those executed in the ordinary course of business (for purpose of this paragraph, any contract with a contact value exceeding RMB fifty thousand (50,000) shall be deemed as a material contract)

 

(7)                                 not to provide any loan or guarantee to any person without prior written consent from Party A;

 

(8)                                 to provide any and all information regarding its operations and financial conditions at the request from Party A;

 

(9)                                 to purchase and always maintain requisite insurance policies from an insurer acceptable to Party A, the amount and type of which shall be the same as or equivalent to those maintained by the companies having similar operations, properties or assets in the same region;

 

(10)                          not to combine, merge with, be acquired by, acquire or invest in any person without prior written consent from Party A;

 

(11)                          to immediately notify Party A of any actual or potential occurrence of any litigation, arbitration or administrative proceeding regarding its assets, business and revenue;

 

(12)                          to execute all documents, conduct all actions, and make all claims or defenses necessary or appropriate to maintain its ownership of all of its assets;

 

 

(13)                          not to distribute any form of dividends to any shareholder without the prior written consent from Party A, but to immediately distribute all distributable profits to the shareholders upon Party A’s request; and

 

(14)                          to strictly comply with the provisions of the Exclusive Call Option Agreement, and not to make any act and/or omission which may affect its validity and enforceability.

 

7.2                               Party B covenants during the term of this Agreement:

 

(1)                                 not to sell, transfer, pledge or otherwise dispose of any legal or beneficial interest in Party B’s equity interest, or allow creation of any other encumbrances (including security interest) thereon without prior written consent from Party A, except for those provided under the Equity Pledge Agreement and Exclusive Call Option Agreement;

 

(2)                                 to cause the shareholders’ meeting of Ctrip Commerce not to approve any sale, transfer, pledge or otherwise disposal of any legal or beneficial interest in Party B’s equity, or allow creation of any other security interests thereupon without prior written consent from Party A, except to Party A or Party A’s Designated Person;

 

(3)                                 not to vote for, support or execute any resolution at shareholders’ meetings of Ctrip Commerce to approve Ctrip Commerce’s merger or association with, acquisition by, acquisition of or investment in any person without prior written consent from Party A;

 

(4)                                 to immediately notify Party A of any actual or potential occurrence of litigation, arbitration or administrative proceeding regarding its equity interest in Ctrip Commerce;

 

(5)                                 to execute all documents, conduct all actions, and make all claims or defenses necessary or appropriate to maintain its ownership of its equity interest in Ctrip Commerce;

 

(6)                                 not to make any act and/or omission which may materially affect any asset, business or liability of Ctrip Commerce without prior written consent from Party A;

 

(7)                                 to accept and appoint the persons designated by Party A as directors, general manager and other senior management of Ctrip Commerce upon Party A’s request, and actively assist Party A in dealing with all matters in connection with the appointment of such persons, including but not limited to execution of necessary documents, and assist the registration of the appointment of such senior management at the AIC;

 

(8)                                 to the extent permitted under the PRC laws and at the request of Party A at any time, to transfer unconditionally and immediately all or part of its equity interests in Ctrip Commerce to Party A or Party A’s Designated Person, and waive its right of first refusal on the equity interests transferred by other shareholders of Ctrip Commerce to Party A or Party A’s Designated Person; to 

 

 

actively assist all the matters in connection with the equity transfer, including but not limited to execution of necessary documents, and assist the registration of the equity transfer at the AIC;

 

(9)                                 if Party A purchases Party B’s equity interest in Ctrip Commerce pursuant to the Exclusive Call Option Agreement, to use the price of such purchase to repay the Loan to Party A as agreed in this Agreement;

 

(10)                          to strictly comply with the provisions of this Agreement, the Equity Pledge Agreement and the Exclusive Call Option Agreement, diligently perform its obligations under each of such agreements, without making any act and/or omission which suffices to affect the validity and enforceability of each of such agreements; and

 

(11)                          to agree and undertake to sign an irrevocable power of attorney authorizing Party A or Party A’s Designated Person to exercise on its behalf all of its rights as shareholder of Ctrip Commerce.

 

8.                                      Effectiveness and Termination

 

8.1                               This Agreement shall become effective as of the date of its execution, and shall supersede the Original Loan Agreements once effective. The Parties hereby agree and confirm that the effect of the terms and conditions of this Agreement shall retrospect to the day when Party B receives the Loan.

 

8.2                               This Agreement shall remain valid until the Parties have performed their respective obligations under this Agreement.

 

8.3                               In no event shall Party B be entitled to unilaterally terminate or cancel this Agreement.

 

9.                                      Liabilities for Breach of Contract

 

9.1                               If any party (“Defaulting Party”) breaches any provision of this Agreement, which causes damage to the other party (“Non-defaulting Party”), the Non-defaulting Party could notify the Defaulting Party in writing and request it to rectify and correct such breach of contract; if the Defaulting Party fails to take any action satisfactory to the Non-defaulting Party to rectify and correct such breach within fifteen (15) working days upon the issuance of the written notice by the Non-defaulting Party, the Non-defaulting Party may immediately take the actions pursuant to this Agreement or take other remedies in accordance with laws.

 

9.2                               If Party B fails to repay the Loan within the period and in the manner stipulated under this Agreement, it will be liable for a penalty interest accrued upon the amount outstanding and payable at a daily interest rate of 0.01% for each overdue day until the Loan as well as any penalty interest and any other amount accrued thereupon are fully repaid by Party B as required herein.

 

10.                               Notices

 

Notices or other communications required to be given by any Party pursuant to this Agreement shall be written in Chinese or English and delivered personally or sent by

 

 

registered mail, postage prepaid mail, express delivery or facsimile transmission to the addresses of the other Parties set forth below, or to other designated addresses  notified by such other Parties to such Party from time to time, or the addresses of other persons  designated by such Party. A notice is deemed to be duly served: (a) if delivered personally, upon the delivery; (b) if sent by mail, on the tenth (10th) day after the date when the air registered mail with postage prepaid has been sent out (as is shown on the postmark), or the fourth (4th) day after delivered to the courier service agency; and (c) if sent by facsimile transmission, upon the receipt time as is shown on the transmission confirmation of relevant documents.

 

If to Party A:  Ctrip Computer Technology (Shanghai) Co., Ltd.

Attn: Min Fan
  Address: 3F Block 63, 421 Hong Cao Road, Shanghai
 Phone:          (021) 34064880
 Fax:                       (021) 54261600

 

If to Party B: Min Fan

Address: Room 1603 Block 2, Lane 355 Beijing Road (W), Huangpu District, Shanghai
 Phone:          (021) 51069999
 Fax:                       (021) 54261600

 

11.                               Confidentiality

 

All Parties acknowledge and confirm that any oral or written materials exchanged by and between the Parties in connection with this Agreement are confidential. All Parties shall keep secret of all such documents and not disclose any such documents to any third party without prior written consent from other Parties, except for such information: (a) as are known or will be known by the public (except by disclosure of the receiving party without authorization); (b) as are required to be disclosed in accordance with applicable laws or stock exchange rules or regulations; or (c) as are required to be disclosed by any Party to its legal counsel or financial consultant for the purpose of the transaction of this Agreement, provided that such legal counsel or financial consultant shall also be subject to the confidentiality obligation similar to that stated hereof. Any disclosure by employees or agencies employed by any Party shall be deemed the disclosure of such Party and such Party shall assume the liabilities for its breach of contract pursuant to this Agreement. This Article shall survive even if this Agreement is judged as void, cancelled, terminated or impractical for any reason whatsoever.

 

12.                               Governing Law and Dispute Resolution

 

12.1                        The formation, validity, interpretation, performance and termination of this Agreement and the amendment hereto as well as the resolution of any disputes arising hereunder shall be governed by the PRC laws.

 

12.2                        Any disputes arising from the interpretation and performance of this Agreement shall first be resolved through friendly consultation among the Parties. In case no settlement can be reached through consultation within thirty (30) days after the request for consultation is made by any Party with a written notice, any Party can submit such disputes to China International Economic and Trade Arbitration Commission Shanghai Sub-commission for arbitration in accordance with its then 

 

 

effective rules. The arbitration shall take place in Shanghai. The arbitration proceedings shall be conducted in Chinese. The arbitration award shall be final and binding upon both Parties.

 

12.3                        If any dispute arises from the interpretation and performance of this Agreement or any dispute is under arbitration, the Parties shall continue to perform their respective rights and obligations hereunder other than those in dispute.

 

13.                               Miscellaneous

 

13.1                        The headings contained in this Agreement are for the convenience of reference only and shall not be used to interpret, explain or otherwise affect the meaning of the provisions of this Agreement.

 

13.2                        The Parties agree to promptly execute such documents, or take such further actions, as are reasonably necessary or beneficial for performing the provisions or achieving the purposes hereof.

 

13.3                        The Parties confirm that this Agreement shall, upon its effectiveness, constitute the entire agreement and common understanding of the Parties with respect to the contents herein and fully supersede all prior verbal and/or written agreements and understandings between the Parties with respect to the contents herein.

 

13.4                        If any one or more provisions of this Agreement is identified or judged by a court of competent jurisdiction or arbitration authority as void, invalid or unenforceable in any respect according to any laws or regulations, the validity, legality and enforceability of the other provisions hereof shall not be affected or impaired in any way. The Parties shall cease performing such void, invalid or unenforceable provisions and revise those void, invalid or unenforceable provisions only to the extent closest to the original intention thereof to recover its validity or enforceability for such specific facts and circumstances.

 

13.5                        Party B hereby agrees and confirms that, (i) if Party B dies or loses his/her full capacity for civil conducts, his/her rights and obligations hereunder will be immediately transferred to and succeeded by Party A’s Designated Person; (ii) Party A may assign its rights and obligations under this Agreement as Party A may decide at its sole discretion, and such assignment shall only be subject to a written notice sent to Party B at the time of transfer, without subject to its consent. When and as requested by Party A, Party B shall execute with the assignee a supplementary agreement or an agreement substantially the same as this Agreement.

 

13.6                        This Agreement shall be effective and binding upon the Parties hereto and their respective inheritors, successors and assigns. Party B may not assign any of its rights, interests or obligations under this Agreement to any third party without prior written consent from Party A.

 

13.7                        Any Party’s failure to exercise the rights under this Agreement in time shall not be deemed as its waiver of such rights and would not affect its future exercise of such rights.

 

 

13.8                        Any matters excluded in this Agreement shall be negotiated by the Parties. Any amendment and supplement to this Agreement and its exhibits shall be made by the Parties in writing. The amendment and/or supplement duly executed by each Party with respect to this Agreement shall be indispensable part of this Agreement and have the same legal effect as this Agreement.

 

13.9                        This Agreement is made in two (2) originals with each Party holding one (1) original.  Each original has the same effect.

 

IN WITNESS WHEREOF, this Agreement has been duly executed by the Parties or their respective authorized representatives on the date first above written.

 

[The remainder of this page is intentionally left blank]

 

 

[This page is execution page]

 

	
Party   A:  Ctrip   Computer Technology (Shanghai) Co., Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/ Min Fan
    	
 
    
	
Authorized representative: Min Fan
    	
 
    
	
(stamp)
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party   B:  Min Fan
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/ Min Fan
    	
 
    

 

 

Schedule A

 

The following schedule sets forth all other similar agreements the registrant entered into with each of its affiliated Chinese entities. Other than the information set forth below, there is no material difference between such other agreements and this exhibit.

 

	
VIE
    	
 
    	
Executing Parties
    	
 
    	
Execution Date
    	
 
    	
Amount
    
	
Shanghai Ctrip   Commerce Co., Ltd.
    	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Fan Min
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB 26.94   million, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB 3.06   million, lent by Party A to Party B
    
	
Shanghai Huacheng   Southwest Travel Agency Co., Ltd.
    	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB   250,000, lent by Party A to Party B
    
	
Beijing Ctrip   International Travel Agency Co., Ltd.
    	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB 1.6   million, lent by Party A to Party B
    
	
Shanghai Ctrip   International Travel Agency Co., Ltd.
    	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Fan Min
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB 5.48   million, lent by Party A to Party B
    
	
Shenzhen Ctrip   International Travel Agency Co., Ltd.
    	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Fan Min
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB 2.25   million, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Guo Dongjie
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB   250,000, lent by Party A to Party B
    
	
Guangzhou Ctrip   International Travel Agency Co., Ltd.
    	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Fan Min
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB 2.7   million, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Guo Dongjie
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB   300,000, lent by Party A to Party B
    
	
Nantong Tongcheng   Information Technology Co., Ltd.
    	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Zhang Fengying
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB 10   million, lent by Party A to Party B
    
	
Shanghai Zhizhan   Network Technology Co., Ltd.
    	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Tang Lan
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB   200,000, lent by Party A to Party B
    
	
Shanghai Quanlv   Network Technology Co., Ltd.
    	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Fan Min
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB 4.5   million, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB   500,000 million, lent by Party A to Party B
    
	
Nanjing Huacheng   International Travel Agency Co., Ltd.
    	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Fan Min
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB 4.75   million, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Ctrip Computer Technology (Shanghai) Co., Ltd.

Party B   (Borrower): Guo Dongjie
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB   250,000, lent by Party A to Party B
    
	
Tujia Online 
    	
 
    	
Party A (Lender):   Tujia Technology 
    	
 
    	
February   28, 2013
    	
 
    	
Amount: RMB   900,000,
    

 

 

	
VIE
    	
 
    	
Executing Parties
    	
 
    	
Execution Date
    	
 
    	
Amount
    
	
Information   Technology (Beijing) Co., Ltd.
    	
 
    	
(Beijing) Co.,   Ltd.  Party B (Borrower): Lou Jun
    	
 
    	
 
    	
 
    	
lent by Party A to   Party B
    
	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 1.1   million, lent by Party A to Party B
    
	
Hainan Sweetome   Hotel Management Co., Ltd.
    	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Lou Jun
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 2.25   million, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 2.75   million, lent by Party A to Party B
    
	
Tujia Property   Consulting (Zhejiang) Co., Ltd.
    	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Lou Jun
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 1   million, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 9   million, lent by Party A to Party B
    
	
Tujia Property   Consulting (Jiangsu) Co., Ltd.
    	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Lou Jun
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB   500,000, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 4.5   million, lent by Party A to Party B
    
	
Tujia Property   Consulting (Sichuan) Co., Ltd.
    	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Lou Jun
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB   200,000, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 1.8   million, lent by Party A to Party B
    
	
Tujia Property   Consulting (Shandong) Co., Ltd.
    	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Lou Jun
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 1   million, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 9   million, lent by Party A to Party B
    
	
Tujia Real Estate   Agency (Yunnan) Co., Ltd.
    	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.  

Party B   (Borrower): Lou Jun
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 1   million, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 9   million, lent by Party A to Party B
    
	
Tujia Property   Consulting (Guangxi) Co., Ltd.
    	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Lou Jun
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB   200,000, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 1.8   million, lent by Party A to Party B
    
	
Tujia Property   Consulting (Fujian) Co., Ltd.
    	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Lou Jun
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 1   million, lent by Party A to Party B
    
	
 
    	
Party A (Lender):   Tujia Technology (Beijing) Co., Ltd.

Party B   (Borrower): Sun Maohua
    	
 
    	
February 28, 2013
    	
 
    	
Amount: RMB 9   million, lent by Party A to Party BExhibit 4.9

 

AMENDED AND RESTATED EXCLUSIVE CALL OPTION AGREEMENT

 

This Amended and Restated Exclusive Call Option Agreement (this “Agreement”) is entered into in Shanghai, the People’s Republic of China (“PRC”) as of February 28, 2013 by and among the following parties:

 

(1)                                 Party A: Ctrip Computer Technology (Shanghai) Co., Ltd.
 Address: 3F Block 63, 421 Hong Cao Road, Shanghai

 

(2)                                 Party B: Min Fan
 Sex: Male
 PRC Identification Card No.: 310104196506140432
 Address: Room 1603 Block 2, Lane 355 Beijing Road (W), Huangpu District, Shanghai; and

 

(3)                                 Party C:  Shanghai Ctrip Commerce Co., Ltd.
 address: A zone 6F Block 1, 99 Fuquan Road, Changning District, Shanghai

 

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

 

WHEREAS

 

(1)                                 Party A is a wholly foreign owned enterprise duly incorporated and validly existing under the PRC laws.

 

(2)                                 Party C is a limited liability company duly incorporated and validly existing under the PRC laws, and Party B is the registered shareholder of Party C duly holding 89.8% of its equity interests.

 

(3)                                 Party A and Party B entered into an Amended and Restated Loan Agreement as of February 28, 2013, which restated and superseded any prior related loan agreements and the supplements or amendments thereof entered into by and between Party A and Party B (the “Loan Agreement”).

 

(4)                                 Party B agrees to grant Party A through this Agreement with, and Party A agrees to accept, an exclusive call option to purchase all or part of the equity interests held by Party B in Party C, and hereby supersede the Exclusive Call Option Agreement entered into by and between the Parties as of September 16, 2011 (together with all subsequent supplements or amendments thereto, the “Original Exclusive Call Option Agreement”);

 

(5)                                 The Parties now wish to amend and restate the Original Exclusive Call Option Agreement and enter into this Agreement to supersede the Original Exclusive Call Option Agreement.

 

NOW, THEREFORE, Upon mutual consultation, the Parties hereby agree as follows:

 

 

1.                                Exclusive Call Option

 

1.1          Grant of Right

 

Party B hereby exclusively and irrevocably grants Party A an exclusive call option (the “Call Option”),  which permits Party A to purchase or designate one or several person(s) (“Party A’s Designated Person”) to purchase all or part of the equity interests held by Party B in Party C (the “Target Equity”) at any time from Party B at the price specified in Article 1.3 of this Agreement in accordance with the procedure determined by Party A at its own discretion and to the extent permitted by the PRC laws. Party A shall have the right to decide any Party A’s Designated Person to be the transferee of and acquire all or part of the Target Equity; Party B shall not refuse, and shall assign and transfer the Target Equity to such Party A’s Designated Person as requested by Party A. No third party other than Party A and Party A’s Designated Person may be entitled to the Call Option. Party C hereby agrees with Party B’s grant of the Call Option to Party A. The “person” set forth in this paragraph and this Agreement means any individual, corporation, joint venture, partnership, enterprise, trust or other non-corporation organization.

 

1.2          Exercise Procedure

 

Subject to the PRC laws and regulations, Party A may exercise the Call Option pursuant to Article 1.1 hereinabove by issuing a written notice (the “Purchase Notice”) to Party B  specifying the specific percentage of equity interest to be purchased from Party B (the “Purchased Equity Interest”) and the manner of purchase. Party A may exercise the Call Option for unlimited number of times. Within seven (7) working days upon the receipt of the Purchase Notice by Party B, Party B  shall enter into an equity transfer agreement with Party A and/or its Designated Person in the form attached hereto or any other form accepted by Party A to ensure the Purchased Equity Interest can be transferred to Party A and/or Party A’s Designated Person as soon as practicable and shall take any necessary action to ensure the prompt completion of the corresponding change formalities at relevant Administration for Industry and Commerce.

 

1.3          Purchase Price

 

The Parties agree that the purchase price of the Purchased Equity Interest (“Purchase Price”) shall be equal to the contribution actually made by Party B for the Purchased Equity Interest, unless the applicable PRC laws and regulations at the time of Party A’s exercise of the Call Option require valuation of the Purchased Equity Interest or otherwise impose restriction on the Purchase Price.  If the lowest price permissible under the applicable laws is higher than the contribution actually made by Party B for the Purchased Equity Interest, the amount exceeded shall be repaid to Party A by Party B according to the Loan Agreement.

 

1.4          Transfer of the Purchased Equity Interest

 

Each time the Call Option is exercised:

 

(a)               Party B shall cause Party C to convene a shareholders’ meeting in time. At the meeting, a resolution shall be adopted to approve Party B’s

 

 

transfer of equity interest to Party A and/or Party A’s Designated Person,  and Party B  shall sign a confirmation letter to waive its first right of refusal on the equity interest transferred by  Party C’s other shareholder(s) to Party A and/or Party A’s Designated Person;

 

(b)                Party B  shall, pursuant to the terms and conditions of this Agreement and the Purchase Notice in respect of the Purchased Equity Interest, enter into an equity transfer agreement with Party A and/or Party A’s Designated Person for each transfer in the form attached hereto as Exhibit 1 or any other form accepted by Party A;

 

(c)                The related Parties shall execute all other requisite contracts, agreements or documents, obtain all requisite governmental approvals and consents, and conduct all necessary actions, to transfer the ownership of the Purchased Equity Interest to Party A and/or Party A’s Designated Person without any security interest or other Encumbrances, and have Party A and/or Party A’s Designated Person be registered as the registered owner of the Purchased Equity Interest at Administration for Industry and Commerce. For purposes of this paragraph and this Agreement, “Encumbrances” mentioned herein include guarantees, mortgages, pledges, third-party rights or interests, any call option, right of purchase, right of first refusal, right of set-off, ownership detainment or other security arrangements, but for purpose of clarification, shall not include any security interest or encumbrances arising under this Agreement and the Equity  Pledge Agreement. The Equity Pledge Agreement mentioned in this paragraph and this Agreement shall mean the Amended and Restated Equity Pledge Agreement entered into by and between Party A and Party B as of the date hereof, pursuant to which Party B shall pledge to Party A all its equity interest in Party C to guarantee the performance by Party B and Party C of their obligations under this Agreement, the Loan Agreement and the Amended and Restated Technical Consulting and Services Agreement, each entered into by and among the Parties.

 

(d)                Party B and Party C shall unconditionally use its best efforts to assist Party A and Party A’s Designated Person in obtaining all governmental approvals, permits, registrations, filings and completing all formalities necessary for acquiring the Purchased Equity Interest.

 

1.5          Payment

 

Given that it is stipulated in the Loan Agreement that Party B shall use the entire proceeds from the transfer of its equity interest in Party C for repayment of the principal of the loan under the Loan Agreement and as the consideration for Party A’s grant of loan under the Loan Agreement, Party A does not need to pay Purchase Price to Party B when exercising its Call Option.

 

2.                                Covenants relating to the Equity Interest

 

2.1                               Covenants relating to Party C

 

Party B and Party C hereby covenants:

 

 

(a)                not to, in any form whatsoever, supplement, modify or amend the articles of association of Party C, increase or decrease the registered capital of Party C, or change its shareholding structure without prior written consent from Party A;

 

(b)                to maintain the due existence of Party C, and prudently and efficiently operate and handle its business in line with fair finance and business standards and customs;

 

(c)                not to make any act and/or omission that may adversely affect Party C’s assets, business and liabilities without prior written consent from Party A; at any time as of the date hereof, not to sell, transfer, pledge or otherwise dispose of any legal or beneficial interests in any of Party C’s assets, businesses or revenues, nor allow creation of other Encumbrances thereupon, including any security interests without prior written consent from Party A;

 

(d)                not to incur, inherit, guarantee or allow the existence of any debt without prior written consent from Party A, except for (i) any debt arising from ordinary or day-to-day business rather than from borrowing; and (ii) any debt which has been disclosed to  and has obtained the written consent from Party A;

 

(e)                to always carry out all activities in the ordinary course of business to maintain the value of Party C’s assets, and not to make any act and/or omission that may adversely affect Party C’s results and asset value;

 

(f)                not to enter into any material contract without prior written consent from Party A, other than those executed in the ordinary course of business (for purpose of this paragraph, any contract with a contact value exceeding RMB fifty thousand (50,000) shall be deemed as a material contract);

 

(g)                not to provide any loan or guarantee to any person without prior written consent from Party A;

 

(h)                to provide Party A with information about Party C’s operations and financial conditions at the request from Party A;

 

(i)                 to purchase and always maintain requisite insurance policies from an insurer acceptable to Party A, the amount and type of which shall be the same as or equivalent to those maintained by the companies having similar operations, properties or assets in the same region as Party C;

 

(j)                 not to combine, merge with, be acquired by, acquire or invest in any person without prior written consent from Party A;

 

(k)                to immediately notify Party A of any actual or potential occurrence of any litigation, arbitration or administrative proceeding related to Party C’s assets, business and revenue;

 

 

(l)                 to execute all documents, conduct all actions, and make all claims or defenses necessary or appropriate to maintain Party C’s ownership of all its assets; and

 

(m)              not to distribute any form of dividends to any shareholder without prior written consent from Party A, but to immediately distribute all distributable profits to the shareholders upon Party A’s request.

 

2.2                         Covenants relating to Party B

 

Party B hereby covenants:

 

(a)                at any time as of the date hereof, not to sell, transfer, pledge or otherwise dispose of any legal or beneficial interests in any equity interest, nor to allow creation of other Encumbrances thereupon without prior written consent from Party A, except for the pledge created on the equity interest held by Party B in Party C pursuant to the Equity Pledge Agreement;

 

(b)                cause Party C’s shareholders’ meeting not to approve the sale, transfer, pledge or other disposal of any legal or beneficial interests in any equity interest, or allow creation of other Encumbrances thereupon without prior written consent from Party A, except to Party A and/or Party A’s Designated Person; cause Party C’s shareholders’ meeting to vote for the transfer of the Purchased Equity Interest contemplated herein.

 

(c)                not to vote for, support or execute any shareholders’ resolution at  Party C’s shareholders’ meeting to approve  Party C’s merger or combination with, acquisition by, acquisition of or investment in any person without prior written consent from Party A;

 

(d)                to immediately notify Party A of any actual or potential occurrence of any litigation, arbitration or administrative proceeding related to the equity interests held by Party B in Party C;

 

(e)                to execute all documents, conduct all actions, and make all claims or defenses necessary and appropriate to maintain Party B’s ownership of the equity interest in Party C;

 

(f)                not to make any act and/or omission that may adversely affect Party C’s assets, business and liabilities without prior written consent from Party A;

 

(g)                to accept and appoint the persons designated by Party A as Party C’s directors, general manager and other senior management upon Party A’s request, and actively assist Party A in dealing with all matters in connection with the appointment of such persons, including but not limited to execution of necessary documents, and assist the registration of the appointment of such senior management at the Administration for Industry and Commerce;

 

 

(h)                to the extent permitted by PRC laws and upon Party A’s request at any time, to unconditionally and immediately transfer all or part of the equity interest held by Party B in Party C to Party A and/or Party A’s Designated Person at any time, and to waive its first right of refusal on the equity interest transferred by  Party C’s other shareholders to Party A and/or Party A’s Designated Person; to actively assist all the matters in connection with the equity transfer, including but not limited to execution of necessary documents, and assist the registration of the equity transfer at the Administration for Industry and Commerce;

 

(i)                 to strictly comply with the provisions of this Agreement and other agreements jointly or severally executed by Party C and Party A, and to duly perform all obligations under such  agreements, without making any act  or omission that suffices to affect the validity and enforceability of these  agreements; and

 

(j)                 to agree and undertake to execute an irrevocable power of attorney authorizing Party A or Party A’s Designated Person to exercise on its behalf all of its rights as shareholder of Party C.

 

3.                                Representations and Warranties

 

Party B hereby represents and warrants to Party A as of the date of this Agreement and each date of transfer that:

 

(a)                it has requisite capacity and authority to execute this Agreement and any equity transfer agreement to which it is a party and which is entered into for each transfer of Purchased Equity Interest hereunder (each a “Transfer Agreement”), and to perform its obligations hereunder and thereunder; this Agreement and each Transfer Agreement to which it is a party, once executed, will constitute its legal, valid and binding obligation, which is enforceable against it according the specific terms hereof and thereof;

 

(b)                Neither the execution of this Agreement or any Transfer Agreement nor the performance of its obligations hereunder and thereunder by Party B will (i) violate any relevant PRC laws, (ii) conflict with the articles of association or other organizational documents of Party C; (iii) cause any violation of, or constitute any breach under, any contracts or instruments to which it is a party or by which it is bound; (iv) lead to any violation of any restrictions in connection with the grant and/or continued effectiveness of any licenses or permits issued to it; or (v) lead to the suspension or revocation of, or imposition of additional conditions to, any licenses or permits issued to it;

 

(c)                Party C has good and merchantable title to all of its assets, on which Party C has, or will place, no Encumbrances of any form whatsoever, including security interest, unless Party A’s written consent has been obtained;

 

(d)                Party C has no outstanding debts, except for those (i) incurred in the ordinary course of business; and (ii) already disclosed to Party A for which Party A’s written consent has been obtained;

 

 

(e)                there are no ongoing, pending or threatened litigations, arbitrations or administrative proceedings in connection with the Target Equity, Party C’s assets and Party C; and

 

(f)                Party B has good and merchantable title to the equity interest held by it in Party C, on which Party B has, or will place, no Encumbrances of any form whatsoever, except for the pledge created under the Equity Pledge Agreement.

 

4.                                Breach of Contract

 

If any Party (“Defaulting Party”) breaches any provision of this Agreement, which causes damage to any of the other Parties (“Non-defaulting Party”), the Non-defaulting Party may notify the Defaulting Party in writing and request it to immediately rectify and correct such breach; if the Defaulting Party fails to take any action satisfactory to the Non-defaulting Party to rectify and correct its breach within fifteen (15) days upon the issuance of such written notice by the Non-defaulting Party, the Non-defaulting Party may immediately take the actions provided in this Agreement or take other remedies according to the laws.

 

5.                                Effectiveness and Term

 

5.1                               This Agreement shall come into effectiveness as of the date of its execution, and supersede the Original Exclusive Call Option Agreement immediately upon its effectiveness.  The Parties hereby agree and confirm that the effect of the terms and conditions of this Agreement shall retrospect to the day when Party B becomes a shareholder of Party C.

 

5.2                               The term of this Agreement is ten (10) years unless this Agreement is terminated pursuant to relevant provisions herein.

 

5.3                               This Agreement may be automatically extended for another ten (10) years upon its expiry, and may be extended for unlimited number of times thereafter, unless Party A notifies Party B and Party C in writing of its disagreement with the extension. Neither Party B nor Party C may veto the extension of the term of this Agreement.

 

6.                                Termination

 

6.1                               This Agreement shall remain valid unless Party A disagrees with the extension of the term hereof pursuant to Article 5.3 hereinabove.

 

6.2                               At any time during the term of this Agreement and any extended term hereof, Party A may, at its own judgment and discretion, unconditionally terminate this Agreement by issuing a written notice to Party B without assuming any liability. Neither Party B nor Party C is entitled to the right of unilateral termination of this Agreement.

 

7.                                Governing Law and Dispute Resolution

 

7.1                               The formation, validity, interpretation, performance and termination of this Agreement and the amendment hereto as well as the resolution of any disputes arising hereunder shall be governed by the PRC laws.

 

 

7.2                               Any disputes arising from the interpretation and performance of this Agreement shall first be resolved through friendly consultation among the Parties. In case no settlement can be reached through consultation within thirty (30) days after the request for consultation is made by any Party with a written notice, any Party can submit such disputes to China International Economic and Trade Arbitration Commission Shanghai Sub-commission for arbitration in accordance with its then effective rules. The arbitration shall take place in Shanghai. The arbitration proceedings shall be conducted in Chinese. The arbitration award shall be final and binding upon all the Parties.

 

7.3                               If any dispute arises from the interpretation and performance of this Agreement or any dispute is under arbitration, the Parties shall continue to perform their respective rights and obligations hereunder other than those in dispute.

 

8.                                Taxes and Expenses

 

Party B shall bear any and all taxes, costs and expenses incurred by or imposed on the Parties  under the PRC laws arising from the preparation and execution of this Agreement and each Transfer Agreement and the consummation of the transaction contemplated hereunder and thereunder, unless Party A agrees to bear all or part of such taxes, costs and expenses.

 

9.                                Notices

 

Notices or other communications required to be given by any Party pursuant to this Agreement shall be written in Chinese or English and delivered personally or sent by registered mail, postage prepaid mail, express delivery or facsimile transmission to the addresses of the other Parties set forth below, or to other designated addresses  notified by such other Parties to such Party from time to time, or the addresses of other persons designated by such Party. A notice is deemed to be duly served: (a) if delivered personally, upon the delivery; (b) if sent by mail, on the tenth (10th) day after the date when the air registered mail with postage prepaid has been sent out (as is shown on the postmark), or the fourth (4th) day after delivered to the courier service agency; and (c) if sent by facsimile transmission, upon the receipt time as is shown on the transmission confirmation of relevant documents.

 

 

If to Party A:  Ctrip Computer Technology (Shanghai) Co., Ltd.

Attn: Min Fan
  Address: 3F Block 63, 421 Hong Cao Road, Shanghai
 Phone:         (021) 34064880

Fax:                      (021) 54261600

 

If to Party B: Min Fan

Address: Room 1603 Block 2, Lane 355 Beijing Road (W), Huangpu District, Shanghai
 Phone:         (021) 51069999

Fax:                      (021) 54261600

 

If to Party C:  Shanghai Ctrip Commerce Co., Ltd.
 Address: A zone 6F Block 1, 99 Fuquan Road, Changning District, Shanghai
  Phone:         (021) 34064880

Fax:                      (021) 54261600

 

10.                         Confidentiality

 

All Parties acknowledge and confirm that any oral or written materials exchanged by and between the Parties in connection with this Agreement are confidential. All Parties shall keep secret of all such documents and not disclose any such documents to any third party without prior written consent from other Parties, except for such information: (a) as are known or will be known by the public (except by disclosure of the receiving party without authorization); (b) as are required to be disclosed in accordance with applicable laws or stock exchange rules or regulations; or (c) as are required to be disclosed by any Party to its legal counsel or financial consultant for the purpose of the transaction of this Agreement, provided that such legal counsel or financial consultant shall also be subject to the confidentiality obligation similar to that stated hereof. Any disclosure by employees or agencies employed by any Party shall be deemed the disclosure of such Party and such Party shall assume the liabilities for its breach of contract pursuant to this Agreement. This Article shall survive even if this Agreement is judged as void, cancelled, terminated or impractical for any reason whatsoever.

 

11.                         Further Warranties

 

The Parties agree to promptly execute such documents or take such further actions as are reasonably necessary or beneficial for performing the provisions or achieving the purposes hereof.

 

12.                         Miscellaneous

 

12.1                        Amendments, Modifications and Supplements

 

Any matters excluded in this Agreement shall be negotiated by the Parties. Any amendment and supplement to this Agreement and its exhibits shall be made by the Parties in writing. The amendment and supplement duly executed by each Party with respect to this Agreement and its exhibits are part of this Agreement and shall have the same legal effect as this Agreement.

 

 

12.2                 Compliance with Laws and Regulations

 

Each of the Parties shall comply with, and shall ensure that its operations fully comply with all existing and publicly available laws and regulations of the PRC.

 

12.3                        Entire Agreement

 

The Parties confirm that this Agreement shall, upon its effectiveness, constitute the entire agreement and common understanding of the Parties with respect to the contents herein and fully supersede all prior verbal and/or written agreements and understandings between the Parties with respect to the contents herein. The exhibits attached hereto shall constitute a component of this Agreement and shall be equally binding as this Agreement.

 

12.4                        Headings

 

The headings contained in this Agreement are for the convenience of reference only and shall not be used to interpret, explain or otherwise affect the meaning of the provisions of this Agreement.

 

12.5                        Severability

 

If any one or more provisions of this Agreement is identified or judged by a court of competent jurisdiction or arbitration authority as void, invalid or unenforceable in any respect according to any laws or regulations, the validity, legality and enforceability of the other provisions hereof shall not be affected or impaired in any way. The Parties shall cease performing such void, invalid or unenforceable provisions and revise those void, invalid or unenforceable provisions only to the extent closest to the original intention thereof to recover its validity or enforceability for such specific facts and circumstances.

 

12.6                        Assignment

 

(1)                                 Neither Party B or Party C may assign any of their respective rights or obligations under this Agreement to any third party without prior written consent from Party A. Party B and Party C hereby agree that Party A may assign its rights and obligations under this Agreement as Party A may decide at its sole discretion, and such assignment shall only be subject to a written notice sent to Party B and Party C, without subject to their consent. When and as requested by Party A, Party B and Party C shall execute with the assignee a supplementary agreement or an agreement substantially the same as this Agreement.

 

(2)                                 Party B hereby agrees and confirms that if Party B has died or lost his/her full capacity for civil conducts, his/her rights and obligations hereunder will be immediately transferred to and succeeded by Party A’s Designated Person, or to Party A for its disposal at its sole discretion, including but not limited to the cases under which Party A or Party A’s Designated Person will be transferred and thus acquire the equity interest held by Party B in Party C. Party B’s successor shall execute with Party A an agreement substantially the same as this Agreement.

 

 

12.7                        Successors

 

This Agreement shall be effective and binding upon all the Parties hereto and their respective inheritors, successors and assigns.

 

12.8                        Survival

 

Any obligations that are incurred or become due arising from this Agreement by the expiry or early termination of this Agreement shall survive the expiry or termination of this Agreement.

 

12.9                        Waiver

 

Any Party’s failure to exercise the rights under this Agreement in time shall not be deemed as its waiver of such rights and would not affect its future exercise of such rights.

 

12.10                 Counterparts

 

This Agreement is executed with three (3) originals, with one Party holding one (1) original; each counterpart shall be equally binding.

 

IN WITNESS WHEREOF, this Agreement has been duly executed by the Parties or their respective authorized representatives on the date first above written.

 

[The remainder of this page is intentionally left blank]

 

 

[This page is execution page]

 

Party A:  Ctrip Computer Technology (Shanghai) Co., Ltd.

 

 

	
Signature:
    	
/s/ Min Fan
    	
 
    
	
Authorized representative: Min Fan
    	
 
    
	
(stamp)
    	
 
    

 

 

Party B: Min Fan

 

 

	
Signature:
    	
/s/ Min Fan
    	
 
    

 

 

Party C:  Shanghai Ctrip Commerce Co., Ltd.

 

 

	
Signature:
    	
/s/ Min Fan
    	
 
    
	
Authorized representative: Min Fan
    	
 
    
	
(stamp)
    	
 
    

 

 

APPENDIX 1

 

Equity Transfer Agreement

 

This Equity Transfer Agreement (“Agreement”) is entered into in           , the People’s Republic of China (“PRC”) by and between:

 

	
Transferor:
    	
 
    	
 
    
	
 
    	
 
    
	
Transferee:
    	
 
    	
 
    

 

NOW, the Parties agree as follows concerning the equity interest transfer:

 

1.              The Transferor agrees to transfer to the Transferee [•]% of equity interest of Shanghai Ctrip Commerce Co., Ltd. held by the Transferor, and the Transferee agrees to accept the said equity interest.

 

2.              After the closing of equity interest transfer, the Transferor shall not have any rights and obligations as a shareholder with regard to the transferred shares, and the Transferee shall have such rights and obligations as shareholder of Shanghai Ctrip Commerce Co., Ltd.

 

3.              Any matter not covered by this Agreement may be determined by the Parties by way of signing supplementary agreements.

 

4.              This Agreement shall be effective from the date of execution by the Parties.

 

5.              This Agreement is executed in four (4) originals, with each party holding one (1) original. The remaining originals are made for the purpose of going through change registration at the Administration for Industry and Commerce.

 

 

	
Transferor
    	
 
    	
Transferee
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
 
    	
 
    	
Authorized Signature:
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Date:
    	
 
    	
Date:
    

 

 

Schedule A

 

The following schedule sets forth all other similar agreements the registrant entered into with each of its affiliated Chinese entities. Other than the information set forth below, there is no material difference between such other agreements and this exhibit.

 

	
VIE
    	
 
    	
Executing Parties
    	
 
    	
Execution Date
    
	
Shanghai Ctrip   Commerce Co., Ltd.
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Fan Min

Party C: Shanghai   Ctrip Commerce Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Sun   Maohua

Party C: Shanghai   Ctrip Commerce Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Shanghai Huacheng   Southwest Travel Agency Co., Ltd.
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Sun   Maohua

Party C: Shanghai   Huacheng Southwest Travel Agency Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Beijing Ctrip   International Travel Agency Co., Ltd.
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Sun   Maohua

Party C: Beijing   Ctrip International Travel Agency Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Shanghai Ctrip   International Travel Agency Co., Ltd.
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Fan Min

Party C: Shanghai   Ctrip International Travel Agency Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Shenzhen Ctrip   International Travel Agency Co., Ltd.
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Fan Min

Party C: Shenzhen   Ctrip International Travel Agency Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Guo   Dongjie

Party C: Shenzhen Ctrip   International Travel Agency Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Guangzhou Ctrip   International Travel Agency Co., Ltd.
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Fan Min

Party C: Guangzhou   Ctrip International Travel Agency Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Guo   Dongjie

Party C: Guangzhou   Ctrip International Travel Agency Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Nantong Tongcheng   Information Technology Co., Ltd.
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Zhang   Fengying

Party C: Nantong   Tongcheng Information Technology Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Shanghai Zhizhan   Network Technology Co., Ltd.
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Tang Lan

Party C: Shanghai   Zhizhan Network Technology Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Shanghai Quanlv   Network Technology Co., Ltd.
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Fan Min

Party C: Shanghai   Quanlv Network Technology Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Sun   Maohua

Party C: Shanghai   Quanlv Network Technology Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Nanjing Huacheng   International Travel Agency Co., Ltd.
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Fan Min

Party C: Nanjing   Huacheng International Travel Agency Co., Ltd.
    	
 
    	
February 28,   2013
    

 

 

	
VIE
    	
 
    	
Executing Parties
    	
 
    	
Execution Date
    
	
 
    	
 
    	
Party A: Ctrip   Computer Technology (Shanghai) Co., Ltd.

Party B: Guo   Dongjie

Party C: Nanjing   Huacheng International Travel Agency Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Tujia Online   Information Technology (Beijing) Co., Ltd.
    	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Luo Jun

Party C: Tujia   Online Information Technology (Beijing) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Sun   Maohua

Party C: Tujia   Online Information Technology (Beijing) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Hainan Sweetome   Hotel Management Co., Ltd.
    	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Luo Jun

Party C: Hainan   Sweetome Hotel Management Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Sun   Maohua

Party C: Hainan   Sweetome Hotel Management Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Tujia Property Consulting   (Zhejiang) Co., Ltd.
    	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Luo Jun

Party C: Tujia   Property Consulting (Zhejiang) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Sun   Maohua

Party C: Tujia Property   Consulting (Zhejiang) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Tujia Property   Consulting (Jiangsu) Co., Ltd.
    	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Luo Jun

Party C: Tujia   Property Consulting (Jiangsu) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Sun   Maohua

Party C: Tujia   Property Consulting (Jiangsu) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Tujia Property   Consulting (Sichuan) Co., Ltd.
    	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Luo Jun

Party C: Tujia Property   Consulting (Sichuan) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Sun   Maohua

Party C: Tujia   Property Consulting (Sichuan) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Tujia Property   Consulting (Shandong) Co., Ltd.
    	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Luo Jun

Party C: Tujia   Property Consulting (Shandong) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Sun   Maohua

Party C: Tujia   Property Consulting (Shandong) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Tujia Real Estate   Agency (Yunnan) Co., Ltd.
    	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Luo Jun

Party C: Tujia   Real Estate Agency (Yunnan) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Sun   Maohua

Party C: Tujia   Real Estate Agency (Yunnan) Co., Ltd.
    	
 
    	
February 28,   2013
    

 

 

	
VIE
    	
 
    	
Executing Parties
    	
 
    	
Execution Date
    
	
Tujia Property   Consulting (Guangxi) Co., Ltd.
    	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Luo Jun

Party C: Tujia Property   Consulting (Guangxi) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Sun   Maohua

Party C: Tujia   Property Consulting (Guangxi) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
Tujia Property   Consulting (Fujian) Co., Ltd.
    	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Luo Jun

Party C: Tujia   Property Consulting (Fujian) Co., Ltd.
    	
 
    	
February 28,   2013
    
	
 
    	
Party A: Tujia   Technology (Beijing) Co., Ltd.

Party B: Sun   Maohua

Party C: Tujia   Property Consulting (Fujian) Co., Ltd.
    	
 
    	
February 28,   2013

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}]]