Document:

exv10w22

Exhibit 10.22

      

Xudong ZHU

Jun LUO

Shanghai SINA Leju Information Technology Co., Ltd.

AND

Beijing Yisheng Leju Information Service Co., Ltd.

 

Shareholder Voting Right Proxy Agreement

In respect of Beijing Yisheng Leju Information Service Co., Ltd.

 

September 29, 2009

 

 

 

Shareholder Voting Right Proxy Agreement

This Shareholder Voting Right Proxy Agreement (this “Agreement”) is entered into as of September
29, 2009 by and between the following Parties:

	1.	 	Xudong ZHU
	 
	 	 	ID Card No.: 310108196710054852
	 
	2.	 	Jun LUO
	 
	 	 	ID Card No: 310110196801064214
	 
	 	 	(Xudong ZHU and Jun LUO are hereinafter referred to individually as a “Shareholder” and
collectively as the “Shareholders”.)
	 
	3.	 	Shanghai SINA Leju Information Technology Co., Ltd. (hereinafter, the “WFOE”)
	 
	 	 	Registered address: Room 11A, #971 Dongfang Road, Pudong New District, Shanghai
	 
	4.	 	Beijing Yisheng Leju Information Service Co., Ltd. (hereinafter, the “Company”)
	 
	 	 	Registered address: Room 806-810, Ideal International Plaza, #58 North Sihuan West Road,
Haidian District, Beijing
	 
	 	 	(In this Agreement, the above parties are hereinafter referred to individually as a “Party”
and collectively as the “Parties”.)

WHEREAS:

	1.	 	Fei CAO, Jingning SHAO and the Shareholders entered into an Equity Interest Transfer
Agreement (“Equity Interest Transfer Agreement”) on September 29, 2009. According to the
Equity Interest Transfer Agreement, Fei CAO and Jingning SHAO agree to transfer all the equity
interest they hold in the Company respectively to the Shareholders (“Equity Transfer”). After
the Equity Transfer takes effect, the Shareholder will become shareholders of the Company,
holding 100% equity interest of the Company.
	 
	2.	 	The Shareholders intend to severally entrust their voting rights in the Company to the
individuals designated by the WFOE after the Equity Transfer takes effect, and the WFOE
intends to designate the individuals to accept such entrust.

NOW, THEREFORE, the Parties, after friendly consultations, hereby mutually agree below:

Article 1 Voting Right Delegation

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	1.1	 	The Shareholders hereby irrevocably undertake to respectively sign a power of attorney in
substance and form as set forth in Annex 1 hereof after this Agreement takes effect, to
respectively entrust the individuals then designated by the WFOE (hereinafter, the “Entrusted
Persons”) to exercise, on behalf of each of the Shareholders, the following rights that the
Shareholders are entitled to in the capacity of shareholders of the Company under the then
effective articles of association of the Company (collectively, the “Entrusted Rights”):

	 	(1)	 	To propose to convene and attend Shareholders’ meetings of the Company as the
representative of each of the Shareholders according to the articles of association of
the Company;
	 
	 	(2)	 	To exercise, on behalf of each of the Shareholders, their voting rights on
all matters requiring discussion or resolutions of the Shareholders’ meetings of the
Company, including without limitation, the appointment and election of the Company’s
directors and other senior management to be appointed and removed by the Shareholders;
	 
	 	(3)	 	To exercise other voting rights of the Shareholder as specified in the
articles of association of the Company (including any other shareholder voting rights
as specified in the amended articles of association).

	 	 	The above authorization and entrustment are granted on the condition that the Entrusted
Persons are PRC citizens and that the WFOE approves such authorization and entrustment.
Upon and only upon written notice of dismissing and replacing the Entrusted Person(s) given
by the WFOE to each of the Shareholders shall the Shareholder promptly entrust another PRC
citizen then designated by the WFOE to exercise the above Entrusted Rights, and the new
authorization and entrustment shall, upon the grant supersede the previous authorization
and entrustment. The Shareholders shall not revoke the authorization and entrustment to
the Entrusted Person(s) unless as provided in this Article.
	 
	1.2	 	The Entrusted Persons shall perform their obligations in respect of the entrustment hereunder
to the extent authorized hereunder with due care and diligence and in compliance with laws.
The Shareholders acknowledge and shall assume liabilities for any legal consequences arising
as a result of the Entrusted Persons’ exercise of the foregoing Entrusted Rights.
	 
	1.3	 	The Shareholders hereby confirm that the Entrusted Persons are not required to seek opinions
from the relevant Shareholder prior to their exercise of the foregoing Entrusted Rights.
However, the Entrusted Persons shall inform the Shareholders in a timely manner of any
resolution or proposal on convening an interim shareholders’ meeting after such resolution or
proposal is made.

Article 2 Right to Information

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	2.1	 	For the purpose of exercising the Entrusted Rights hereunder, the Entrusted Persons are
entitled to know various relevant information of the Company such as those in respect of its
operation, business, customers, finance and employees, and shall have access to the relevant
documentations and materials of the Company. The Company shall fully cooperate with the
Entrusted Persons in this regard.

Article 3 Exercise of the Entrusted Rights

	3.1	 	The Shareholders will provide sufficient assistances to the Entrusted Persons with regard to
their exercise of the Entrusted Rights, including timely execution where necessary of
resolutions of shareholders’ meetings adopted by the Entrusted Persons or other pertinent
legal documents (e.g., where the same is required in order to submit documents for purpose of
governmental approvals, registrations or filings.).
	 
	3.2	 	If at any time within the term of this Agreement, the grant or exercise of the Entrusted
Rights hereunder is unrealizable for whatever cause (except for default of any Shareholder or
the Company), the Parties shall immediately seek the most similar alternative solution and, if
necessary, enter into a supplementary agreement to amend or adjust the provisions herein, in
order to ensure the realization of the purpose of this Agreement.

Article 4 Exemption and Compensation

	4.1	 	The Parties acknowledge that in no case shall the WFOE be required to be liable to or
compensate (monetary or otherwise) the other Parties or any third party in respect of exercise
of the Entrusted Rights hereunder by the individuals designated by it.
	 
	4.2	 	The Shareholders and the Company agree to indemnify and hold the WFOE free from and harmless
against all losses incurred or likely to be incurred due to exercise of the Entrusted Rights
by the Entrusted Persons designated by the WFOE, including without limitation, any loss
resulted from any litigation, demand, arbitration or claim by any third party against it or
from administrative investigation or penalty, PROVIDED, HOWEVER, THAT no indemnification is
available for any losses caused by a willful default or gross negligence of the Entrusted
Persons.

Article 5 Representations and Warranties

	5.1	 	Each Shareholder hereby represents and warrants severally that:

	 	5.1.1.	 	It is a Chinese citizen with full capacity of action. It has the complete and

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	 	 	 	independent legal status and legal capacity to execute, deliver and perform this
Agreement. It may sue or be sued independently.
	 
	 	5.1.2.	 	When this Agreement takes effect, it has the full power and authority to execute and
deliver this Agreement and all other documents relating to the transaction
contemplated hereby that are to be executed by it; and the full power and authority to
consummate the transaction contemplated hereby. This Agreement is duly executed and
delivered by it. Upon the effectiveness, this Agreement shall constitute its legal
and binding obligation and may be enforceable against it in accordance with the terms
hereof.
	 
	 	5.1.3.	 	It is the registered legal shareholder of the Company as of the effective date of
this Agreement. Except for those rights created under this Agreement, the Equity
Pledge Agreement and the Exclusive Call Option Agreement entered into by and between
the Shareholders, the Company and the WFOE on the date hereof, the Entrusted Rights
are free of any third-party right. Pursuant to this Agreement, the Entrusted Persons
may exercise the Entrusted Rights fully and completely in accordance with the then
effective articles of association of the Company.

	5.2	 	Each of the WFOE and the Company hereby represents and warrants severally that:

	 	5.2.1	 	It is a limited liability company duly registered and validly existing under
the laws where it is registered and has the independent legal person status. It has
the full and independent legal status and legal capacity to execute, deliver and
perform this Agreement and may sue or be sued independently.
	 
	 	5.2.1	 	It has the full corporate power and authority to execute and deliver this
Agreement and all other documents relating to the transaction contemplated hereby that
are to be executed by it. It has the full power and authority to consummate the
transaction contemplated hereby.

	5.3	 	The Company further represents and warrants that:

	 	5.3.1	 	Each Shareholder is the registered legal shareholder of the Company as of
the effective date of this Agreement. Except for the rights under this Agreement, the
Equity Pledge Agreement and the Exclusive Call Option Agreement entered into by and
between the Shareholders, the Company and the WFOE on the date hereof, the Entrusted
Rights are free of any third-party right. Pursuant to this Agreement, the Entrusted
Persons may exercise the Entrusted Rights fully and completely in accordance with the
then effective articles of association of the Company.

Article 6 Term of this Agreement

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	6.1	 	After being duly executed by the Parties, this Agreement will become effective immediately
upon the Equity Transfer taking effect. Subject to the provisions of Articles 6.2 and 6.3
hereof, the term of this Agreement shall be twenty (20) years, unless it is early terminated
by the Parties in writing or pursuant to Article 9.1 hereof. The term of this Agreement will
not be extended upon expiration; provided, however, that the term of this Agreement will be
automatically extended for one (1) year upon the expiration, if the WFOE gives the other
Parties written notice requiring the extension thereof, and the same mechanism will apply
subsequently upon the expiration of each extended term.
	 
	6.2	 	This Agreement shall terminate, if the Company or the WFOE, upon expiry of its business term,
fails to deal with the approval and registration for the extension thereof.
	 
	6.3	 	If any Shareholder transfers all of the equity interest it holds in the Company to any person
with the WFOE’s prior consent, the Shareholder will no longer be a Party hereto and the
obligations and undertakings of any other Parties hereunder will not be adversely affected.

Article 7 Notices

	7.1	 	Any notice, request, demand and other correspondences required by this Agreement or made in
accordance with this Agreement shall be delivered in writing to the relevant Party(ies).
	 
	7.2	 	The above notices or other correspondence shall be deemed delivered (i) upon being sent out
if by facsimile or electric transmission, or (ii) upon handover in person if by hand delivery;
or (iii) upon the fifth (5th) day of being posted if by mail.

Article 8 Confidentiality

	8.1	 	Regardless of the termination of this Agreement, each Party is obligated to keep strictly
confidential trade secrets, proprietary information, clients’ information and all other
information of confidential nature related to the other Parties that are known to the former
Party during the course of its execution and performance of this Agreement (the “Confidential
Information”). Unless as agreed to by the Party who disclosed the Confidential Information
(the “Disclosing Party”) in writing in advance, or as required by the relevant laws,
regulations or the requirements applicable where the publicly listed affiliated company of any
Party is located, the receiving party of the Confidential Information (the “Receiving Party”)
shall not disclose to any third party any of such Confidential Information. Except for the
purpose of performing this Agreement, the Receiving Party shall not use any Confidential
Information.

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	8.2	 	The Confidential Information does not include:

	 	(a)	 	the information that has been lawfully acquired by the Party receiving the
information before as evidenced by certain written evidence;
	 
	 	(b)	 	the information entering the public domain without attribution to any fault
of the Party receiving the information; and
	 
	 	(c)	 	the information lawfully acquired by the Party receiving the information from
other sources after being received by the Party.

	8.3	 	The Receiving Party may, for the purpose of performing this Agreement, disclose Confidential
Information to its relevant employees, agents or professionals engaged by it, provided,
however, the Receiving Party shall ensure that such persons shall abide by the relevant terms
and conditions of this Article 8, and shall assume any liability incurred as a result of the
breach by any of such persons of the relevant terms and conditions of this Article 8.
	 
	8.4	 	Notwithstanding any other provision of this Agreement, the effect of this Article 8 shall not
be affected by the termination of this Agreement.

Article 9 Liabilities for Breach

	9.1	 	The Parties agree and confirm that, if any of the Parties (the “Breaching Party”) is
materially in breach of any provision hereof, or materially fails or delays in performing any
of the obligations hereunder, a breach hereof is constituted (a “Breach”), and any of the
other Parties which does not commit any Breach (a “Non-breaching Party”) has the right to
require that the Breaching Party rectify it or take a remedial action within a reasonable
period. If the Breaching Party fails to rectify the Breach or take remedial actions within
the reasonable period or within ten (10) days of the other Party’s written rectification
notice, then:

	 	9.1.1.	 	if any Shareholder or the Company is the Breaching Party, the WFOE is entitled to
terminate this Agreement and require the Breaching Party to indemnify it against its
damage;
	 
	 	9.1.2.	 	if the WFOE is the Breaching Party, each of the Non-defaulting Parties is entitled
to require the Breaching Party to indemnify it against its damage; but unless
otherwise provided for by law, in no case does it have the right to terminate or
cancel this Agreement.

	9.2	 	Notwithstanding any other provision herein, the effect of this Article 9 shall not be
affected by the suspension or termination of this Agreement.

Article 10 Miscellaneous

	10.1	 	This Agreement is written in Chinese in four (4) originals. Each of the Parties to

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	 	 	this Agreement shall hold one (1) original.
	 
	10.2	 	The execution, effectiveness, performance, revision, interpretation and termination of this
Agreement shall be governed by laws of People Republic of China.
	 
	10.3	 	Any dispute arising out of or in connection with this Agreement shall be resolved by the
Parties through consultation. In the event the Parties fail to agree with each other within
thirty (30) days after the dispute arises, the dispute shall be submitted to China
International Economic and Trade Arbitration Commission Shanghai Commission for arbitration in
Shanghai in accordance with the arbitration rules thereof effective at the submission of the
application for arbitration. The arbitration award shall be final and binding upon the
Parties.
	 
	10.4	 	None of the rights, powers or remedies granted to each of the Parties by any provision of
this Agreement shall preclude any other rights, powers or remedies that such Party is entitled
to under the laws and under any other provisions of this Agreement, and any Party’s exercise
of any of its rights, powers or remedies shall not preclude its exercise of any other rights,
powers or remedies that it is entitled to.
	 
	10.5	 	A Party’s failure or delay in exercising any of its rights, powers or remedies that it is
entitled to under this Agreement or under the laws (the “Available Rights”) shall not
constitute its waiver of such rights, nor shall any single or partial waiver of any Available
Rights by a Party preclude its exercise of those rights in another manner or its exercise of
any other Available Rights.
	 
	10.6	 	The headings in this Agreement are written for the ease of reference only, and in no event,
shall be used for, or affect, the interpretation to this Agreement.
	 
	10.7	 	Each provision herein is separable and independent from all other provisions herein. If any
one provision or more provisions of this Agreement become invalid, illegal or unenforceable at
any time, the validity, legality and enforceability of other provisions herein shall not be
affected.
	 
	10.8	 	This Agreement, after takes effect, shall supersede any other prior legal documents among the
Parties with respect to the subject matter hereof. Any amendment or supplement hereto shall be
made in writing and shall not become effective until its due execution by the Parties hereto.
	 
	10.9	 	Without the WFOE’s prior written consent, none of the other Parties may transfer any of its
rights and/or obligations hereunder to any third party. The Shareholders and the Company
hereby agree that the WFOE is entitled to transfer any of its rights and/or obligations
hereunder to any third party upon written notice thereof to the Shareholders and the Company.
	 
	10.10	 	This Agreement shall be binding on the legal successors of the Parties.

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[SIGNATURE PAGE]

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 	Xudong ZHU

 	 
	 	By:  	/s/ Xudong ZHU
 	 
	 	 	 	 
	 	Jun LUO

 	 
	 	By:  	/s/ Jun LUO
 	 
	 	 	 	 
	 	Shanghai SINA Leju Information Technology Co., Ltd.

(Company seal)

 
	 	By:  	/seal
 	 
	 
	 	Name:  	 	 
	 
	 	Title:  	 	 
	 
	 	Beijing Yisheng Leju Information Service Co., Ltd.

(Company seal)

 
	 	By:  	/seal
 	 
	 
	 	Name:  	 	 
	 
	 	Title:  	 	 

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Annex 1:

Power of Attorney

THIS POWER OF ATTORNEY (hereinafter, the “Power of Attorney”) is executed by [Shareholder of the
Company] (Domicile [*], ID card No.: [*]) as of [*], 2009 and issued to [*] (Domicile [*], ID card
No.: [*]) (hereinafter, the “Entrusted Person”).

I, [Name], hereby entrust the Entrusted Person with full representative power to exercise the
following rights owned by me in the capacity of a shareholder of Beijing Yisheng Leju Information
Service Co., Ltd. (hereinafter, the “Company”) on my behalf:

	(1)	 	As my representative, to propose to convene and attend Shareholders’ meetings of the Company
according to the articles of association of the Company;;
	 
	(2)	 	As my representative, to exercise, on behalf of each of the Shareholders, their voting rights
on all matters requiring discussion or resolutions of the Shareholders’ meetings of the
Company, including without limitation, the appointment and election of the Company’s directors
and other officers to be appointed and removed by the Shareholders;;
	 
	(3)	 	As my representative, to exercise other voting rights of a shareholder as specified in the
articles of association of the Company (including any other shareholder voting rights as
specified in the amended articles of association).

I hereby irrevocably confirm that this Power of Attorney shall continue to be valid unless and
until the Shareholder Voting Right Proxy Agreement executed by and between Shanghai SINA Leju
Information Technology Co., Ltd. (hereinafter, the “WFOE”), the Company and the Shareholders of the
Company as of [*], 2009 expires or is early terminated, unless the WFOE gives me a direction to
replace the Entrusted Person.

Authorization is hereby made.

Name:

Signature:                                        

Date: [*], 2009

9exv10w23

Exhibit 10.23

 

Xudong ZHU

Jun LUO

Shanghai SINA Leju Information Technology Co., Ltd.

AND

Beijing Yisheng Leju Information Service Co., Ltd.

 

Equity Pledge Agreement

regarding Beijing Yisheng Leju Information Service Co., Ltd.

 

September 29, 2009

 

 

 

EQUITY PLEDGE AGREEMENT

This EQUITY PLEDGE AGREEMENT (this “Agreement”) is entered into in Shanghai, the PRC, on September
29, 2009 by and among:

	1.	 	Xudong ZHU
	 
	 	 	Identity Card No.: 310108196710054852
	 
	2.	 	Jun LUO
	 
	 	 	Identity Card No: 310110196801064214
	 
	 	 	(Xudong ZHU and Jun LUO are hereinafter referred to individually as a “Pledgor” and
collectively as the “Pledgors”.)
	 
	3.	 	Shanghai SINA Leju Information Technology Co., LTd. (the “Pledgee”)

			
	     
Registered address:	 	Room 11A, 971 Dongfang Road, Pudong New District, Shanghai

	4.	 	Beijing Yisheng Leju Information Service Co., Ltd. (the “Company”)

			
	      Registered address:	 	Rooms 806-810, Ideal Plaza, 58 Bei Si Huan Xi Road, Haidian District,
Beijing

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

WHEREAS:

	(1)	 	Fei CAO, Jingning SHAO and the Pledgors entered into an Equity Interest Transfer Agreement
(the “Equity Interest Transfer Agreement”) on September 29, 2009. According to the Equity
Interest Transfer Agreement, Fei CAO and Jingning SHAO agreed to transfer all the equity
interest they held in the Company respectively to the Pledgors (the “Equity Interest
Transfer”). After the Equity Interest Transfer takes effect, the Pledgors will become
shareholders of the Company, legally holding all the equity interest in the Company (the
“Company Equity Interest”). Appendix 1 sets forth the capital contribution amount and the
shareholding percentage of each Pledgor in the registered capital
of the Company after the Equity Interest Transfer takes effect.
	 
	(2)	 	The Parties to this Agreement entered into the Exclusive Call Option Agreement (the “Call
Option Agreement”) on September 29, 2009. The Call Option Agreement will take effect
immediately after the Equity Interest Transfer becomes effective. Under the Call Option
Agreement, the Pledgors

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	 	 	shall, to the extent permitted by the PRC Law, transfer all or part of
the equity interest they hold in the Company to the Pledgee and/or any other entity or
individual designated by the Pledgee based on the Pledgee’s request.
	 
	(3)	 	The Parties to this Agreement entered into the Shareholder Voting Rights Proxy Agreement (the
“Proxy Agreement”) on September 29, 2009. The Proxy Agreement will take effect immediately
after the Equity Interest Transfer becomes effective. Under the Proxy Agreement, the Pledgors
irrevocably delegated the individual then designated by the Pledgee with the full power to
exercise on behalf of the Pledgors all their shareholder voting rights in the Company.
	 
	(4)	 	The Company and the Pledgee entered into the Exclusive Technology Service Agreement (the
“Service Agreement”) on May 8, 2008, whereby the Company exclusively engaged the Pledgee to
provide the technology assistances such as relevant technology transfer, technology licensing,
technology service, and provision of equipment, etc. to the Company, and agreed to pay the
corresponding fee to the Pledgee for such technology assistances.
	 
	(5)	 	The Pledgors and Pledgee entered into a Loan Agreement on September 29, 2009 (the “Loan
Agreement”). The Loan Agreement will take effect immediately after the Equity Interest
Transfer becomes effective. According to the Loan Agreement, the Pledgee agrees to provide the
Pledgors with a loan in the amount of RMB1,000,000 (in words: one million Yuan).
	 
	(6)	 	As the Pledgors’ security for the performance of the Contractual Obligations (as defined
below) and the discharge of the Secured Liabilities (as defined below), the Pledgors are
willing to pledge all the Company Equity Interest they hold in favor of the Pledgee and grant
the Pledgee the first pledge after the Equity Interest Transfer takes effect, and the Company
agrees to such equity interest pledge arrangement.

THEREFORE, the Parties, through negotiation, agree as follows:

Article 1 Definitions

	1.1	 	Unless otherwise indicated in the context, in this Agreement, the following terms shall be
interpreted as follows.
	 
	 	 	“Contractual Obligations” means all the contractual obligations of the Pledgors under the
Call Option Agreement, the Proxy Agreement and the Loan Agreement, all the contractual
obligations of the Company under the Call Option Agreement, the Proxy Agreement and the
Service Agreement, and all

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	 	 	the contractual obligations of the Pledgors and the Company
under this Agreement.
	 
	 	 	“Secured Liabilities” means all the direct, indirect and derivative losses and loss of
foreseeable interest incurred by the Pledgee due to any Event of Default (as defined below)
on the part of the Pledgors and/or the Company; the basis for determining the amount of
such losses includes but not limited to the reasonable commercial plan and profit forecast
of the Pledgee; and all the expenses incurred by the Pledgee to enforce the performance by
the Pledgors and/or the Company of their Contractual Obligations.
	 
	 	 	“Transaction Documents” means the Call Option Agreement, the Proxy Agreement, the Service
Agreement and the Loan Agreement.
	 
	 	 	“Event of Default” means any breach by any Pledgor of any of its Contractual Obligations
under the Call Option Agreement, the Proxy Agreement, the Loan Agreement and/or this
Agreement, and any breach by the Company of any of its Contractual Obligations under the
Call Option Agreement, the Proxy Agreement, the Service Agreement and/or this Agreement.
	 
	 	 	“Pledged Equity Interest” means all the Company Equity Interest lawfully owned by the
Pledgors after the Equity Interest Transfer takes effect and to be pledged to the Pledgee
in accordance with this Agreement as the security for the performance of the Contractual
Obligations by the Pledgors and the Company (see Appendix 1 for the specific Pledged Equity
Interest of each Pledgor), and the increased capital contribution amount and the dividend
as provided in Article 2.6 and Article 2.7 of this Agreement.
	 
	 	 	“PRC” means the People’s Republic of China, for the purpose of this Agreement, excluding
Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan.
	 
	 	 	“PRC Law” means the then-effective laws, administrative regulations, administrative rules,
local regulations, judicial interpretations, and other binding regulatory documents of the
PRC.
	 
	1.2	 	Any reference to any PRC Law in this Agreement shall be deemed (1) to include references to
the amendments, changes, supplements and restatement of such PRC Law, irrespective of whether
they take effect before or after the
execution of this Agreement, and (2) to include the references to other decisions, notices
and regulations enacted in accordance therewith or effective as a result thereof.

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	1.3	 	Unless otherwise specified in the context herein, any reference to an Article, clause, item
or paragraph in this Agreement shall refer to the corresponding part of this Agreement.

Article 2 Pledge of Equity Interest

	2.1	 	The Pledgors hereby agree to pledge, after the Equity Interest Transfer takes effect, the
Pledged Equity Interest, which they lawfully own and are entitled to dispose of, to the
Pledgee in accordance with the provisions of this Agreement as the security for the
performance of the Contractual Obligations and the discharge of the Secured Liabilities. The
Company hereby agrees to the Pledgors’ pledge of the Pledged Equity Interest to the Pledgee in
accordance with the provisions of this Agreement.
	 
	2.2	 	The Pledgors undertake to be responsible for registering the equity interest pledge
arrangement (the “Equity Pledge”) under this Agreement on the Company’s register of
shareholders immediately after the Equity Interest Transfer takes effect.
	 
	 	 	The Parties shall use their best efforts to apply to the registration authority in charge
of the Company for registration of the Equity Pledge under this Agreement immediately after
this Agreement becomes effective.
	 
	2.3	 	During the valid term of this Agreement, unless attributable to the Pledgee’s willful conduct
or the Pledgee’s gross negligence with direct causation to the consequence, the Pledgee shall
in no way be held liable to any reduction of the value of the Pledged Equity Interest, and the
Pledgors have no right to claim any compensation or other request in any way against the
Pledgee.
	 
	2.4	 	Without breaching the provisions of Article 2.3 above, if there is any probability that the
value of the Pledged Equity Interest will notably reduce which is sufficient to jeopardize the
rights of the Pledgee, the Pledgee may at any time auction or sell the Pledged Equity Interest
on behalf of the Pledgors, and may reach agreement with the Pledgors to use the proceeds from
such auction or sales to prepay the Secured Liabilities or to deposit such proceeds with the
notary office in the place where the Pledgee is domiciled (all expenses so incurred shall be
assumed by the Pledgee). Further, if requested by the Pledgee, the Pledgors shall offer
additional security interest over other property.
	 
	2.5	 	Upon the occurrence of any Event of Default, the Pledgee has the right to dispose of the
Pledged Equity Interest in accordance with Article 4 of this Agreement.

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	2.6	 	The Pledgors shall not increase the registered capital of the Company without the Pledgee’s
prior consent. The increased capital contribution amount of the Pledgors in the registered
capital of the Company as a result of such capital increase of the Company shall be a part of
the Pledged Equity Interest.
	 
	2.7	 	No dividend or capital bonus on the Pledged Equity Interest shall be distributed to the
Pledgors without the Pledgee’s prior consent. The Pledgors agree that during the term of
pledge, the Pledgee has the right to collect any dividend or capital bonus out of the Pledged
Equity Interest. The Company shall pay such amount into the bank account designated by the
Pledgee.
	 
	2.8	 	The Pledgee has the right to dispose of any of the Pledged Equity Interest of any Pledgor in
accordance with this Agreement after the occurrence of any Event of Default.

Article 3 Release of Pledge

	3.1	 	After the Pledgors and the Company fully and completely perform all of the Contractual
Obligations and discharge all of the Secured Liabilities, the Pledgee shall, upon the
Pledgors’ request, release the Equity Pledge under this Agreement and cooperate with the
Pledgors to cancel the registration of the Equity Pledge on the Company’s register of
shareholders and with the administration of industry and commerce in charge of the Company.
The Pledgee shall assume the reasonable expenses arising out of the release of the Equity
Pledge.

Article 4 Disposal of Pledged Equity Interest

	4.1	 	The Parties agree that if any Event of Default occurs, the Pledgee has the right to, by
notifying the Pledgors in writing, exercise all the remedial rights and powers that it is
entitled to under the PRC Law, the Transaction Documents and the provisions of this Agreement,
including but not limited to being compensated in first priority with proceeds from auctions
or sales of the Pledged Equity Interest. The Pledgee shall not be liable to any loss caused by
its reasonable exercise of such rights and powers.
	 
	4.2	 	The Pledgee has the right to delegate in writing its lawyers or other agents to exercise all
or any part of its rights and powers above, and neither the Pledgors nor the Company may
oppose thereto.
	 
	4.3	 	The Pledgee has the right to deduct the reasonable expenses actually incurred from its
exercise of all or any part of its rights and powers above from the proceeds gained from its
exercise of such rights and powers.

5

 

	4.4	 	The proceeds gained from the Pledgee’s exercise of its rights and powers shall be settled in
accordance with the following order:

	 	(1)	 	firstly, pay all expenses arising out of the disposal of the Pledged Equity
Interest and the Pledgee’s exercise of its rights and powers (including the
remuneration paid to its lawyers and agents);
	 
	 	(2)	 	secondly, pay the taxes and charges payable for the disposal of the Pledged
Equity Interest; and
	 
	 	(3)	 	thirdly, repay the Secured Liabilities to the Pledgee.

	 	 	If there is any balance after the payment of the above amounts, the Pledgee shall return
the balance to the Pledgors or any other person entitled to such amount pursuant to
relevant laws and regulations, or deposit such amount with the notary office in the place
where the Pledgee is domiciled (all expenses so incurred to be assumed by the Pledgee).
	 
	4.5	 	The Pledgee has the discretion to, simultaneously or in certain sequence, exercise any
remedies for defaults it is entitled to. The Pledgee may exercise its rights to auction or
sell the Pledged Equity Interest under this Agreement without first exercising any other
remedies for defaults.

Article 5 Costs and Expenses

	5.1	 	All actual expenses related to the creation of the Equity Pledge under this Agreement,
including but not limited to the stamp duty, any other taxes and all legal fees and etc.,
shall be assumed by the Parties respectively.

Article 6 Continuity and No Waiver

	6.1	 	The Equity Pledge created under this Agreement is a continuing assurance, which shall be
valid until the Contractual Obligations are fully performed or the Secured Liabilities are
fully discharged. No waiver or grace period of any default of the Pledgors given by the
Pledgee, nor the Pledgee’s late exercise of any of its rights under the Transaction Documents
and this Agreement, shall affect the rights of the Pledgee under this Agreement, the
Transaction Documents and the relevant PRC Law to require at any time thereafter the Pledgors
to strictly implement the Transaction Documents and this Agreement, or the rights the Pledgee
is entitled to with respect to the Pledgors’ subsequent
breach of the Transaction Documents and/or this Agreement.

Article 7 Pledgors’ Representations and Warranties

6

 

Each of the Pledgors respectively represents and warrants to the Pledgee as follows:

	7.1	 	The Pledgors are PRC citizens with full legal capacity, having full civil rights and powers
to execute this Agreement and assume the legal obligations in accordance with this Agreement.
	 
	7.2	 	All the reports, documents and information related to the Pledgors and all the matters
required under this Agreement that the Pledgors provided to the Pledgee prior to the
effectiveness of this Agreement are true and accurate in all material respects as of the
effectiveness of this Agreement.
	 
	7.3	 	All the reports, documents and information related to the Pledgors and all the matters
required under this Agreement to be provided by the Pledgors to the Pledgee after the
effectiveness of this Agreement will be true and valid in all material respects upon
provision.
	 
	7.4	 	Upon the effectiveness of this Agreement, the Pledgors are the sole legal owners of the
Pledged Equity Interest. There is no then pending disputes on the ownership of the Pledged
Equity Interest. Upon this Agreement taking effect, the Pledgors are entitled to dispose of
the Pledged Equity Interest or any part thereof.
	 
	7.5	 	Upon this Agreement taking effect, except the security interest created over the Pledged
Equity Interest under this Agreement and the rights created under the Transaction Documents,
there are no other security interest or third party rights or any other encumbrance over the
Pledged Equity Interest.
	 
	7.6	 	After the Equity Interest Transfer takes effect, the Pledged Equity Interest can be legally
pledged and transferred, and the Pledgors have full rights and powers to pledge the Pledged
Equity Interest to the Pledgee in accordance with the provisions of this Agreement.
	 
	7.7	 	This Agreement, upon due execution by the Pledgors, constitutes the lawful, valid and binding
obligations of the Pledgors after this Agreement takes effect.
	 
	7.8	 	Upon this Agreement taking effect, any third party approvals, permits, waivers and
authorizations, any approvals, permits and waivers of any governmental authorities, or any
registration or filing formalities with any government authorities (if legally required),
which is required with respect to the execution and performance of this Agreement and the
Equity Pledge under this Agreement, have been obtained or completed (subject to clause 2 of Article 2.2), and will
be fully effective during the valid term of this Agreement.

	7.9	 	Each Pledgor’s execution and performance of this Agreement does not violate

7

 

		 	or conflict with
any laws applicable thereto, any agreement to which it is a party or by which its assets is
bound, any court adjudication, any arbitration award or any decision of administrative
authorities.
	 
	7.10	 	After this Agreement takes effect, the pledge under this Agreement constitutes the security
interest over the Pledged Equity Interest with the first priority.
	 
	7.11	 	Upon this Agreement taking effect, unless otherwise provided by Equity Interest Transfer
Agreement, all taxes and expenses payable for obtainment of the Pledged Equity Interest have
been paid by the Pledgors in full.
	 
	7.12	 	Upon this Agreement taking effect, there is no pending or, to the knowledge of the Pledgors,
threatened lawsuit, legal proceeding or claim at any court or arbitration tribunal against the
Pledgors or their property or the Pledged Equity Interest, nor is there any pending or, to the
knowledge of the Pledgors, threatened lawsuit, legal proceeding or claim at any government
agency or administrative authority against the Pledgors or their property or the Pledged
Equity Interest, which will have material or adverse effect on the financial conditions of the
Pledgors or their abilities to perform their obligations and security liabilities under this
Agreement.
	 
	7.13	 	The Pledgors hereby undertake to the Pledgee that the above representations and warranties
will all be true and accurate and be fully complied with under any circumstance and at any
time before the Contractual Obligations are performed in full or the Secured Liabilities are
discharged in full.

Article 8 Company’s Representations and Warranties

The Company represents and warrants to the Pledgee as follows:

	8.1	 	The Company is a limited liability company duly registered and lawfully existing under the
PRC Law with independent legal person status, having independent and full legal status and
capacity to execute, deliver and perform this Agreement, and can be an independent party to a
lawsuit.
	 
	8.2	 	All the reports, documents and information related to the Pledged Equity Interest and all the
matters required under this Agreement which the Company provided to the Pledgee prior to the
effectiveness of this Agreement are true and accurate in all material respects as of the
effectiveness of this Agreement.
	 
	8.3	 	All the reports, documents and information related to the Pledged Equity Interest and all the
matters required under this Agreement to be provided by the Company to the Pledgee after the
effectiveness of this Agreement will be true and valid in all material respects upon
provision.

8

 

	8.4	 	This Agreement, upon due execution by the Company, constitutes the lawful, valid and binding
obligations of the Company after it takes effect.
	 
	8.5	 	It has full internal corporate power and authorization to execute and deliver this Agreement
and all other documents related to the transaction contemplated in this Agreement and to be
executed by it. It has full power and authorization to complete the transaction contemplated
in this Agreement.
	 
	8.6	 	There is no pending or, to the knowledge of the Company, threatened lawsuit, legal proceeding
or claim at any court or arbitration tribunal against the Pledged Equity Interest, the Company
or its property, nor is there any pending or, to the knowledge of the Company, threatened
lawsuit, legal proceeding or claim at any government agency or administrative authority
against the Pledged Equity Interest, the Company or its property, which will have material or
adverse effect on the financial conditions of the Company or the Pledgors’ abilities to
perform their obligations and security liabilities under this Agreement.
	 
	8.7	 	The Company hereby agrees to assume the joint and several liabilities to the Pledgee with
respect to the representations and warranties made by each of the Pledgors under Article 7.4,
Article 7.5, Article 7.6, Article 7.8 and Article 7.10 of this Agreement.
	 
	8.8	 	The Company hereby undertakes to the Pledgee that the above representations and warranties
will all be true and accurate and be fully complied with under any circumstance and at any
time before the Contractual Obligations are performed in full and the Secured Liabilities are
discharged in full.

Article 9 Pledgors’ Undertakings

Each Pledgor hereby respectively undertakes to the Pledgee as follows, after this Agreement takes
effect:

	9.1	 	Without the prior written consent of the Pledgee, the Pledgors shall not create, or allow to
be created, any new pledge or any other security interest over the Pledged Equity Interest.
Any pledge or other security interest created over all or any part of the Pledged Equity
Interest without the prior written consent of the Pledgee shall be invalid.
	 
	9.2	 	Without the prior written notice to and the prior written consent of the Pledgee, the
Pledgors shall not transfer the Pledged Equity Interest and all activities of the Pledgors to
transfer the Pledged Equity Interest shall be invalid. The proceeds obtained from the
Pledgors’ transfer of the Pledged Equity Interest shall be used first to prepay the Secured
Liabilities to the Pledgee or to be 

9

 

	 	 	deposited with a third party as agreed with the Pledgee.

	9.3	 	In the event of occurrence of any lawsuit, arbitration or other claim which may have adverse
effect on the interests of the Pledgors or the Pledgee under the Transaction Documents and
this Agreement or on the Pledged Equity Interest, the Pledgors undertake to notify the Pledgee
in writing as soon as possible and in a timely manner, and, as reasonably required by the
Pledgee, to take all necessary measures to ensure the pledge interest of the Pledgee over the
Pledged Equity Interest.
	 
	9.4	 	The Pledgors undertake to complete the registration formalities to extend the business term
of the Company three months before the expiration of the business term of the Company so as to
continue the effect of this Agreement.
	 
	9.5	 	The Pledgors shall not take, or allow to be taken, any activity or action which may have
adverse effect on the Pledgee’s interest under the Transaction Documents and this Agreement or
on the Pledged Equity Interest. The Pledgors waive the right of first refusal to purchase the
Pledged Equity Interest when the Pledgee realizes its pledge rights.
	 
	9.6	 	The Pledgors shall, after this Agreement takes effect, use their best efforts and take all
necessary measures to register the Equity Pledge under this Agreement with the relevant
administration of industry and commerce as soon as possible, and the Pledgors undertake to, as
reasonably required by the Pledgee, take all necessary measures and execute all necessary
documents (including but not limited to any agreement supplemental to this Agreement) to
ensure the pledge interest of the Pledgee over the Pledged Equity Interest and the exercise
and realization thereof.
	 
	9.7	 	If the exercise of the right of pledge under this Agreement results in the transfer of any
Pledged Equity Interest, the Pledgors undertake to take all measures to complete such
transfer.
	 
	9.8	 	The Pledgors shall ensure that the convening process, voting methods and resolutions of the
shareholders meetings and board meetings of the Company convened for the purpose of the
exercise of the right of pledge under this Agreement be not in conflict with the laws,
administrative regulations or the articles of association of the Company.

Article 10 Company’s Undertakings

	10.1	 	If any third party approval, permit, waiver or authorization, or any approval, permit or
waiver of any governmental authorities, or any registration or filing formalities with any
government authorities (if legally required) is required to 

10

 

	 	 	be obtained or completed for the
execution and performance of this Agreement and for the Equity Pledge under this Agreement,
the Company shall endeavor to assist in obtaining it and keeping it fully effective during the
valid term of this Agreement.

	10.2	 	Without the prior written consent of the Pledgee, the Company shall not assist in or allow
the Pledgors’ creation of any new pledge or other security interest over the Pledged Equity
Interest.
	 
	10.3	 	Without the prior written consent of the Pledgee, the Company shall not assist in or allow
the Pledgors’ transfer of the Pledged Equity Interest.
	 
	10.4	 	In the event of occurrence of any lawsuit, arbitration or other claim which may have adverse
effect on the Company, the Pledged Equity Interest or the Pledgee’s interest under the
Transaction Documents and this Agreement, the Company undertakes to notify the Pledgee in
writing as soon as possible and in a timely manner, and, as reasonably required by the
Pledgee, to take all necessary measures to ensure the pledge interest of the Pledgee over the
Pledged Equity Interest.
	 
	10.5	 	The Company undertakes to complete the registration formalities to extend its business term
three months before the expiration of its business term so as to continue the effect of this
Agreement.
	 
	10.6	 	The Company shall not take, or allow to be taken, any activity or action which may have
adverse effect on the Pledgee’s interest under the Transaction Documents and this Agreement or
on the Pledged Equity Interest, including but not limited to any activity or action restricted
under Article 9.
	 
	10.7	 	The Company shall, in the first month of each calendar quarter, provide the Pledgee with the
financial statements of the Company for the immediately preceding calendar quarter, including
but not limited to the balance sheet, the profit and loss statements and the cash flow
statements.
	 
	10.8	 	The Company undertakes to, as reasonably required by the Pledgee, take all necessary measures
and execute all necessary documents (including but not limited to any agreement supplemental
to this Agreement) to ensure the pledge interest of the Pledgee over the Pledged Equity
Interest and the exercise and realization thereof.
	 
	10.9	 	If the exercise of the right of pledge under this Agreement results in the transfer of any
Pledged Equity Interest, the Company undertakes to take all measures to complete such
transfer.

11

 

Article 11 Change of Circumstances

	11.1	 	As supplement and not in conflict with the Transaction Documents and the other provisions of
this Agreement, if at any time, due to the promulgation or change of any PRC Law, regulations
or rules, or the change of interpretation or application of such laws, regulations or rules,
or the change of relevant registration procedures, the Pledgee believes that it is illegal or
in conflict with such laws, regulations and rules to keep this Agreement effective, to keep
the right of pledge under this Agreement effective and/or to dispose of the Pledged Equity
Interest in accordance with this Agreement, the Pledgors and the Company shall promptly take
any action and/or execute any agreement or other document upon written instruction by the
Pledgee and as reasonably required by the Pledgee, so as to:

	 	(1)	 	keep this Agreement and the right of pledge under this Agreement effective;
	 
	 	(2)	 	facilitate the disposal of the Pledged Equity Interest in accordance with
this Agreement; and/or
	 
	 	(3)	 	keep or realize the security created or intended by this Agreement.

Article 12 Effectiveness and Term of this Agreement

	12.1	 	This Agreement shall come into effect upon the satisfaction of all of the following
conditions:

	 	(1)	 	this Agreement has been duly executed by the Parties;
	 
	 	(2)	 	the Equity Interest Transfer takes effect, and the Call Option Agreement, the
Proxy Agreement and the Loan Agreement take effect;
	 
	 	(3)	 	the Equity Pledge under this Agreement has been duly registered on the
register of shareholders of the Company.

After this Agreement takes effect, the Pledgors shall provide the Pledgee with the evidence
of the registration of the Equity Pledge on the register of shareholders in form to the
satisfaction of the Pledgee, and shall, after the registration of the Equity Pledge is
completed and as required by the Pledgee, provide the Pledgee with the pledge certificate
issued by the administration of
industry and commerce in form to the satisfaction of the Pledgee.

	12.2	 	The term of this Agreement shall end upon the full performance of the Contractual Obligations
or the full discharge of the Secured Liabilities.

12

 

Article 13 Notices

	13.1	 	Any notice, request, demand and other correspondences required by this Agreement or made in
accordance with this Agreement shall be delivered in writing to the relevant Party.
	 
	13.2	 	If any of such notice or other correspondences is transmitted by facsimile or telex, it shall
be treated as delivered immediately upon transmission; if delivered in person, it shall be
treated as delivered at the time of delivery; if posted by mail, it shall be treated as
delivered five (5) days after posting.

Article 14 Miscellaneous

	14.1	 	The Pledgors and the Company agree that the Pledgee may, upon notice to the Pledgors and the
Company, assign the Pledgee’s rights and/or obligations hereunder to any third party. However,
the Pledgors or the Company shall not, without the Pledgee’s prior written consent, assign
their rights, obligations or liabilities hereunder to any third party. The successors or
permitted assignees (if any) of the Pledgors and the Company shall continue to perform the
respective obligations of the Pledgors and the Company under this Agreement.
	 
	14.2	 	When the Pledgee exercises its right of pledge to the Pledged Equity Interest pursuant to the
provisions hereof, the amount of the Secured Liabilities determined by the Pledgee at its own
discretion shall be regarded as the conclusive evidence of the Secured Liabilities hereunder.
	 
	14.3	 	This Agreement is written in Chinese and executed in five (5) originals, with one (1)
original to be retained by each Party hereto. One (1) original is to be used for the
application to the administration of industry and commerce in charge of the Company for
registration of the Equity Pledge under this Agreement.
	 
	14.4	 	The execution, effectiveness, performance, revision, interpretation and termination of this
Agreement shall be governed by the PRC Law.
	 
	14.5	 	Any dispute arising out of and in connection with this Agreement shall be resolved through
consultations among the Parties. In case the Parties fail to reach agreement within thirty
(30) days after the dispute arises, such dispute shall be submitted to China International
Economic and Trade Arbitration
Commission Shanghai Commission for arbitration in Shanghai in accordance with such
Commission’s arbitration rules in effect at the time of applying for arbitration, and the
arbitration award shall be final and binding on the Parties.
	 
	14.6	 	None of the rights, powers or remedies granted to any Party by any provision 

13

 

	 	 	herein shall
preclude any other rights, powers or remedies available to such Party at law and under the
other provisions of this Agreement. In addition, the exercising by one Party of any of its
rights, powers and remedies shall not exclude such Party from exercising any of its other
rights, powers and remedies.

	14.7	 	No failure or delay by a Party in exercising any rights, powers and remedies available to it
hereunder or at law (the “Available Rights”) shall result in a waiver thereof, nor shall the
waiver of any single or partial exercise of the Available Rights shall exclude such Party from
exercising such rights in any other way and exercising the other Available Rights.
	 
	14.8	 	The headings of the provisions herein are for reference only, and in no event shall such
headings be used for or affect the interpretation of the provisions hereof.
	 
	14.9	 	Each provision contained herein shall be severable and independent from each of the other
provisions. If any one or more provisions herein become(s) invalid, illegal or unenforceable
at any time, the validity, legality and enforceability of the remaining provisions herein
shall not be affected as a result thereof.
	 
	14.10	 	Any amendments or supplements to this Agreement shall be made in writing. Except for
assignment by the Pledgee of its rights hereunder according to Article 14.1, the amendments or
supplements to this Agreement shall take effect only upon the due execution by the Parties to
this Agreement. If any amendments or supplements to this Agreement legally require any
approval of and/or any registration or filing with any government authority, the Parties shall
obtain such approval and/or complete such registration or filing in accordance with law.
	 
	14.11	 	This Agreement shall be binding on the legal successors of the Parties.
	 
	14.12	 	After this Agreement takes effect, upon a request of the Pledgee, each Pledgor shall
respectively sign a power of attorney in a form as set forth in Appendix 2 hereof (the “Power
of Attorney”) to authorize any person designated by the Pledgee to sign on the Pledgor’s
behalf according to this Agreement any and all legal documents necessary for the exercise of
the Pledgee’s rights hereunder. Such Power of Attorney shall be delivered to the Pledgee to
keep in custody and, when necessary, the Pledgee may at any time submit the Power of
Attorney to the relevant government authority.

[The remainder of this page intentionally left blank]

14

 

[EXECUTION
PAGE]

IN WITNESS WHEREOF, this EQUITY PLEDGE AGREEMENT is executed by the following Parties on the date
first written above.

	 	 	 	 	 
	Xudong ZHU	 	 
	 
	 	 	 	 
	By: /s/ Xudong ZHU	 	 
	 
	 	 	 	 
	Jun LUO	 	 
	 
	 	 	 	 
	By: /s/ Jun ZHU	 	 
	 
	 	 	 	 
	Shanghai SINA Leju Information Technology Co., Ltd.	 	 
	 
	 	 	 	 
	(Seal)
	 	 	 	 
	 
	 	 	 	 
	By:

	 	/seal/
 

	 	 
	 
	 	 	 	 
	Name:
	 	 	 	 
	 
	 	 	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	Beijing Yisheng Leju Information Service Co., Ltd.	 	 
	 
	 	 	 	 
	(Seal)
	 	 	 	 
	 
	 	 	 	 
	By:

	 	/s/ Fei Cao /seal/
 

	 	 
	 
	 	 	 	 
	Name:
	 	 	 	 
	 
	 	 	 	 
	Title:
	 	 	 	 

 

 

APPENDIX 1

COMPANY GENERAL INFORMATION

	 	 	 
	Company Name:

	 	Beijing Yisheng Leju Information Service Co., Ltd.
	 
	 	 
	Registered Address:

	 	Rooms 806-810, Ideal Plaza, 58 Bei Si Huan Xi Road,
Haidian District, Beijing
	 
	 	 
	Registered Capital:

	 	RMB1,000,000

Shareholding Structure:

	 	 	 	 	 	 	 
	Shareholder	 	Contribution in	 	Percentage of	 	Method of
	name	 	registered capital	 	contribution	 	contribution
	Xudong ZHU
	 	RMB800,000
	 	80%
	 	Currency
	 
	Jun LUO
	 	RMB200,000
	 	20%
	 	Currency
	 
	Total
	 	RMB1,000,000
	 	100%
	 	/

 

 

APPENDIX 2

FORM OF POWER OF ATTORNEY

I, [*], hereby irrevocably delegate [*] (identity card number: [*]) to act as my authorized
representative to execute all legal documents necessary or useful for Shanghai SINA Leju
Information Technology Co., Ltd. to exercise its rights under the “Equity Pledge Agreement
regarding Beijing Yisheng Leju Information Service Co., Ltd.” entered into by Beijing Yisheng Leju
Information Service Co., Ltd., it and me.

Signature:

Date:

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