Document:

Exhibit 10.5.4

 

Form of Amended and Restated
Equity Pledge Agreement

 

This
Amended and Restated Equity Pledge Agreement (this “Agreement”)
has been executed by and among the following parties on [      ] in Hong Kong:

 

	
  Pledgor A:

  	
  Yu
  Dong

  
	
  Nationality:

  	
  China

  
	
  ID Card No.:

  	
   

  
	
  Address:

  	
  No.1, Floor 10,
  Building 14, East Bridge Road, Chaoyang District, Beijing

  
	
   

  	
   

  
	
  Pledgor
  B:

  	
  [       ]

  
	
  Nationality:

  	
   

  
	
  ID Card No.:

  	
   

  
	
  Address:

  	
   

  
	
   

  	
   

  
	
  Pledgor
  C:

  	
  [       ]

  
	
  Nationality:

  	
   

  
	
  ID Card No.:

  	
   

  
	
  Address:

  	
   

  
	
   

  	
   

  
	
  Pledgee:

  	
  Beijing
  Bona New World Media Technology Co., Ltd.

  
	
  Address:

  	
   

  

 

Pledgor
A, Pledgor B, and Pledgor C shall be collectively referred to as the “Pledgors”;
the parties hereinabove shall be referred to as the “Parties” collectively and
a “Party” respectively.

 

Whereas:

 

1.              Pledgor
A holds [     ]% of the equity interest in [Affiliated Consolidated Entity];
Pledgor B holds/obtained through assignment on [DATE] [     ]% of the equity
interest in [Affiliated Consolidated
Entity]; and Pledgor C holds/obtained through assignment on [DATE] [    
]% of the equity interest in [Affiliated Consolidated Entity]. [Affiliated Consolidated Entity] is a company registered in
Beijing, engaging in the business of [     ].

 

2.              Pledgee
is a wholly foreign-owned limited liability company registered in Beijing, the business scope of which
includes researching and developing management software of film distribution,
providing technical service / technical consultation / 

 

1

 

technical
training and technology transfer, marketing self-developed products, providing
business information consultation / investment advisory / management consultation.
Pledgee and [Affiliated Consolidated Entity], of which the equity interests are
held by Pledgors, have executed an Exclusive Technical Support and Advisory
Service Agreement (including any and all amendments to it, hereinafter
collectively referred as the “Service Agreement”) on [DATE].

 

3.              To
ensure that Pledgors fully perform their obligations under the Service
Agreement, and that Pledgee can normally obtain the service fees thereunder,
subject to the terms and conditions of this Agreement, Pledgors hereby pledge
to Pledgee all of the equity interests they hold respectively in [Affiliated Consolidated Entity] as
security for all liabilities [Affiliated
Consolidated Entity] owes to Pledgee under the Service Agreement.

 

4.              [Pledgor
A, Pledgor B and Pledgee have on July 6, 2009 executed “Amended Equity Interest
Pledge Agreement” (the “Original Agreement”).]

 

5.              [Parties
hereby agree to execute this Agreement to amend certain provisions in the
Original Agreement, and this Agreement shall supersede and replace the Original
Agreement upon execution.]

 

Pledgors
and Pledgee have mutually agreed to execute this Agreement upon the following
terms.

 

1.                      Definitions

 

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

 

1.1                     Pledge: shall refer to all contents set forth in Article 2 of this
Agreement.

 

1.2                     Equity Interest: shall refer to the [     ]% equity interests lawfully held by
Pledgors in [Affiliated Consolidated
Entity].

 

1.3                     Pledged Object: shall refer to the equity interests pledged to Pledgee
by Pledgors under this Agreement and all dividends deriving from the same.

 

1.4                     Pledged Liability: shall refer to all liabilities [Affiliated Consolidated Entity] owes
to Pledgee, including service fees, interests, damages, compensation, costs for
enforcement of liabilities, the direct losses Pledgee suffers which are
incurred by default of [Affiliated
Consolidated Entity] and all other due expenses.

 

1.5                     Term of Pledge: shall refer to the term set forth in Section 4.1 of this
Agreement.

 

1.6                     Event of Default: shall refer to any of the circumstances set forth in
Article 

 

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9 of this Agreement.

 

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

 

2.          Pledge

 

2.1                     Pledgors hereby pledge to Pledgee all equity interests they hold in [Affiliated Consolidated Entity] as
collateral security for the performance of Pledged liabilities. The Pledge
shall refer to the right of prior compensation which Pledgee enjoys to the
amount deriving from conversion into money / auction / sale of the equity
interests which are pledged to Pledgee by Pledgors. The effect of the Pledge
shall extend to the dividends deriving from equity interests during term of
this Agreement.

 

3.          Scope of the Pledge

 

3.1                     Scope of the Pledge under this Agreement shall
include all pledged liabilities, including service
fees incurred by Service Agreement, interests, damages, compensation, costs for
enforcement of liabilities, the direct losses Pledgee suffers which are
incurred by default of [Affiliated
Consolidated Entity] and all other due expenses.

 

4.          Term of Pledge and Registration

 

4.1                     This Agreement shall become effective on such date when the Pledged
Object contemplated herein has been registered with the Shareholders’ Register
of [Affiliated Consolidated Entity].
The Pledge shall be continuously valid during the valid period of the Service
Agreement (in case the valid period of the Service Agreement extends, the valid
period of the Pledge shall extend accordingly). Pledgors shall be under the
obligation of urging [Affiliated
Consolidated Entity] to register the Pledged Object under this Agreement
with the Shareholders’ Register of [Affiliated
Consolidated Entity] within 3 working days following the execution of
this Agreement.

 

4.2                     [Pledgors and Pledgee shall submit to the local Administration of
Industry and Commerce of the place where [Affiliated Consolidated Entity] registered for registration of an
equity interest pledge, and the Pledge shall become effective on such date the
Pledge is registered with the abovementioned authority.]

 

4.3                     In case any registered matter of the Pledge changes, and such change
should be submitted for change of registration, Pledgors and Pledgee shall
submit to the Administration of Industry and Commerce for change of
registration within 10 working days accordingly following the occurrence of
such changes.

 

3

 

5.          Custody of Records for Equity Interest subject to
Pledge

 

Pledgors shall deliver to
Pledgee’s custody the capital contribution certificate for the equity interests
and the shareholders’ register of [Affiliated
Consolidated Entity] within seven (7) working days from the execution of
this Agreement.

 

6.          Representations and Warranties of Pledgors

 

6.1                     Pledgors are / Pledgor A is the lawful and complete owner of [·]% of the equity interests of [Affiliated
Consolidated Entity] ; [Pledgor B is the lawful and complete owner of [·]% of the equity interests of [Affiliated
Consolidated Entity]]; [Pledgor C is the lawful and complete owner of [·]% of the equity interests of [Affiliated
Consolidated Entity]]; and Pledgors shall have the right to pledge the
equity interests they hold to Pledgee according to this Agreement.

 

6.2                     Pledgors are fully aware of the content of the Service Agreement, the execution
and performance of this Agreement is on voluntary basis, and the entire
declarations of intention are true. The signature of the authorized
representative (if any) shall be lawfully authorized.

 

6.3                     All documents, materials, reports and certificates provided by Pledgors
to Pledgee shall be accurate, true, complete and effective.

 

6.4                     At any time, once the Pledgee exercises the Pledgee’s right to the Pledge
according to this Agreement, it shall not be interfered by any other party.

 

6.5                     Pledgee shall have the right to dispose of and transfer the Pledge in
accordance with the provisions set forth in this Agreement.

 

6.6                     Except for the Pledge in accordance with this Agreement, Pledgors have
not placed any other encumbrance on the Equity Interest.

 

7.          Covenants of Pledgors

 

7.1                     Pledgors hereby covenant to the Pledgee for the benefit of the Pledgee,
that during the term of this Agreement, Pledgors shall:

 

7.1.1                   except
for transferring to Bona International Film Group Limited or any institution or
person designated by it [in accordance with the “Amended Equity Voting Rights
Authorization and Equity Option Agreement” dated March 9, 2010,] or among
Pledgors without affecting the validity of the Pledge (provided that assignor
shall notify the Pledgee in advance), without the prior written consent from the
Pledgee, not transfer the equity interests, place or permit the existence of
any security interest or other encumbrance which may affect the Pledgee’s right
or interest, or cause the board of directors of [Affiliated Consolidated Entity] to make any resolution which
relates to the sale / assignment / pledge or disposal of any lawful usufruct on
equity interests in any other means or permits to set any other encumbrance on
such equity interests.

 

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

 

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

 

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

 

7.3                     To protect or perfect the security interest granted by this Agreement
for payment of the Pledged Liability, Pledgors hereby undertake to execute in
good faith and to cause other parties who have an interest in the Pledge to
execute all certificates, agreements, deeds and/or covenants required by the
Pledgee. Pledgors undertake to perform and to cause other parties who have an
interest in the Pledge to perform actions required by the Pledgee, to
facilitate the exercise by the Pledgee of its rights and authority granted
thereto by this Agreement, and to enter into all relevant documents regarding
ownership of the Equity Interest with the Pledgee or designee(s) of the Pledgee
(natural persons/legal persons). Pledgors undertake to provide the Pledgee
within a reasonable time with all notices, orders and decisions regarding the
Pledge that are required by the Pledgee. Pledgors also undertake to obey and
perform all warranties, promises, agreements, presentations and conditions. In
case Pledgors fail or partly fail to perform their warranties, promises,
agreements, representations and conditions, Pledgors shall compensate to the Pledgee
for all direct losses suffered thereby.

 

8.          Event of Breach

 

8.1                    The following circumstances shall be deemed an Event of Default:

 

8.1.1                  [Affiliated Consolidated Entity], of which the equity interests are held by Pledgors, fails to fully and
timely fulfill any liabilities, and the time of delay exceeds 3 months;

 

8.1.2                  any representation or warranty made by Pledgors in Article 6 of this
Agreement is of substantial misrepresentation or mistake, and/or 

 

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Pledgors violate warranties set forth in
Article 6;

 

8.1.3                  Pledgors violate promises set forth in Article 7 of this Agreement;

 

8.1.4                  (except as permitted by this Agreement), Pledgors transfer or purport to
transfer or abandon the Pledged Object or any part of it without the written
consent of the Pledgee;

 

8.1.5                  any loan, encumbrance, compensation, promise or any other liability of
Pledgors themselves to any party: (1) is required to repay or perform
beforehand due to material breach, or (2) has been due but cannot be paid or
performed on time, and thus cause substantial influence on Pledgors’ capability
of performing the obligations under this Agreement;

 

8.1.6                  Pledgors cannot repay any other substantial liability;

 

8.1.7                  due to enactment of relevant laws, this Agreement becomes illegal, or
Pledgors cannot proceed to perform obligations under this Agreement;

 

8.1.8                  any consent, permission, approval or authorization of relative
governmental authorities which is necessary for legal existence or
effectiveness or enforceability of this Agreement, is revoked, suspended,
invalid or substantially revised;

 

8.1.9                  in case material changes occur to property owned by Pledgors, thus causing
Pledgors’ capability of performing the obligations under this Agreement to be substantially
influenced;

 

8.1.10           the successor or custodian can only partly perform or refuses to perform
the payment liability under the Service Agreement;

 

8.1.11           Pledgors’ violations of other provisions of this Agreement by act or omission,
which constitute a default;

 

8.1.12           other occasions under which the Pledgee cannot enforce Pledge pursuant
to relative laws.

 

8.2                    Upon notice or discovery of the occurrence of any circumstances or event
that may lead to the aforementioned circumstances described in Article 8.1,
Pledgors shall immediately notify the Pledgee in writing accordingly.

 

8.3                    Unless an Event of Default set forth in this Article 8.1 has been
successfully resolved to the Pledgee’s satisfaction, the Pledgee may issue a
Notice of Default to Pledgors in writing at any time thereafter, demanding the
Pledgors to immediately pay the unpaid price under the Service Agreement and
other payment due, or dispose of the Pledge in accordance with the provisions
of this Agreement.

 

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8.4                    The terms with respect to default stipulated in this Agreement, shall
not prejudice any other right of relief which Parties may enjoy in accordance
with current effective laws and regulations of China.

 

9.          Exercise of Pledge

 

9.1                    Prior to the full payment of all liabilities under the Service
Agreement, without the Pledgee’s written consent, Pledgors shall not assign or
dispose of in any other means the Pledged Object.

 

9.2                    The Pledgee shall issue a Notice of Default to Pledgors when exercising
the Pledge.

 

9.3                    Subject to the provisions of Article 8.3, the Pledgee may exercise the
right to enforce the Pledge at the time when, or at any time after, the
issuance of the Notice of Default in accordance with Article 8.3.

 

9.4                    The Pledgee is entitled to dispose of the entire or part of the Pledged
Object in accordance with applicable legal procedures (including but not
limited to consulting with Pledgors for conversion into money, or arranging for
the auction or sale, of the Pledged Object) and obtain prior compensation,
until the liabilities secured are fully performed.

 

9.5                    Once the Pledgee disposes of the Pledge in accordance with this
Agreement, Pledgors shall not set up any obstacle, and shall provide necessary
assistance to enable the Pledgee to enforce the Pledge.

 

10.   Assignment

 

10.1            Without
the Pledgee’s prior written consent, Pledgors shall not have the right to donate
or assign their rights and obligations under this Agreement.

 

10.2            This
Agreement shall be binding on Pledgors and their successors, and shall be valid
with respect to the Pledgee and each of its successors and assignees.

 

10.3            At
any time, the Pledgee may assign any and all of its rights and obligations
under the Service Agreement to its designee(s) (natural/legal person), in which
case the assigns shall have the rights and obligations of the Pledgee under
this Agreement, as if it were the original party to this Agreement.

 

10.4            In
the event of a change in Pledgee due to an assignment, new parties to the
Pledge shall execute a new pledge agreement.

 

11.   Termination

 

Upon
the full payment of all liabilities and upon termination of all obligations of [Affiliated Consolidated Entity] of
which equity interests are held by Pledgors under the Service Agreement, this Pledge
Agreement shall be terminated, and the Pledgee shall then cancel or terminate
this Agreement as soon as reasonably

 

7

 

practicable.

 

12.   Handling Fees and Other Expenses

 

12.1         All
fees and out of pocket expenses relating to this Agreement, including but not
limited to legal costs, costs of production, stamp tax and any other taxes and
fees, shall be borne by Pledgors and the Pledgee, on a 50% to 50% basis.

 

12.2         In
case Pledgors fail to pay any taxes or fees it should pay, or due to any other
reason, which causes the Pledgee to recourse in any other ways or means,
Pledgors shall undertake all costs (including but not limited to all taxes,
handling charges, management fees, court expenses, attorney fees and insurance
expenses).

 

13.   Force Majeure

 

13.1         In case the performance of this Agreement is
delayed or hampered by any “Force Majeure Event”, to the extent the performance
is delayed or hampered, the party impacted by Force Majeure shall be exempted
from any liabilities under this Agreement. “Force Majeure Event” refers to any
event which is out of reasonable control of a party, and can not be avoided
under reasonable care of the impacted party, including but not limited to
government actions, act of God, fire, explosion, geographical change, storm,
flood, earthquake, tidal, lightning or war. However, lack of credit standing,
fund or financing shall not be viewed as an event out of the control of a
party. The party which is impacted by a “Force Majuere Event” and seeking for
exemption from liabilities under this Agreement or any provision of this
Agreement shall as soon as possible notify the other party with such event to
exemption and inform the steps it shall take to fulfill the performance.

 

13.2         The party impacted by Force Majuere shall be
exempted from any liability for a corresponding event under this Agreement,
however, such impacted party shall not be exempted from such obligation of
performance, unless it has been doing its best efforts reasonably practical to
perform, and the exemption shall be limited to the extent of the part of
performance delayed or hampered. Once the reasons for such exemptions have been
corrected or cured, all parties shall make their best efforts to proceed with performance
under this Agreement.

 

14.   Disputes Resolution

 

14.1       This
Agreement shall be governed by and interpreted according to the laws of the People’s
Republic of China.

 

14.2       In
the event of any dispute with respect to the construction and performance of any
provision of this Agreement, the Parties shall resolve the dispute through
friendly consultations. If a resolution can not be reached thereafter, either
Party may submit the relevant dispute to the China International Economic and
Trade Arbitration Commission for arbitration, in accordance

 

8

 

with its current Arbitration Rules. The arbitration
shall be conducted in Beijing, and the language used in arbitration shall be
Chinese. The arbitration award shall be final and binding on all Parties.

 

15.   Notices

 

All notices dispatched from parties to exercise the
rights and obligations under this Agreement shall be of written form. Notices
given by personal delivery, shall be deemed effectively delivered on the date
of actual arrival at the address specified for notices; notices given by telex
or fax, shall be deemed effectively delivered on the date of sending, if the
delivery date is not a business day or the time of delivery is out of business
time, the delivery date shall be the next business day of such actual delivery
date. The delivery address refers to to the Parties’ addresses set forth in the
first page of this Agreement, or any address notified hereafter by written
form. Written includes fax and telex.

 

16.   Amendment, Rescission and Interpretation

 

16.1      This Agreement can be amended, supplemented or
rescinded after obtaining written consents of all parties, and obtaining necessary
authorizations and approvals by all parties respectively; this Agreement and
any amendment and supplement to it shall all constitute an indivisible part of
this Agreement.

 

16.2      Each provision of this Agreement shall be
independent with respect to validity; invalidity to any provision may not
impact the validity of other provisions.

 

17.           Effectiveness and Miscellaneous

 

17.1      This
Agreement shall come into effect upon execution by the Parties.

 

17.2      The
Pledge shall be set up upon the completion of registration with the
Administration of Industry and Commerce.

 

17.3  This
Agreement is written in Chinese in five (5) copies, each of which shall have
equal legal effect. Each party shall hold one (1) copy respectively, and the
remaining one shall be submitted to the relative administrative authority for
registration.

 

IN
WITNESS WHEREOF, the Parties have caused their authorized representatives to
execute this Agreement as of the date first above written.

 

9

 

[The page hereunder is intentionally left blank for
signatures.]

 

	
  Pledgor
  A:

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  
	
  Pledgor
  B:

  	
   

  	
   

  
	
  By:

  	
   

  	
  (Signature)

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Pledgor
  C:

  	
   

  	
  (Signature)

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  Pledgee:

  	
  Beijing
  Bona New World Media Technology Co., Ltd. (Seal)

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

10Exhibit
10.6

 

CONFIDENTIALITY,
NON-COMPETITION AND INTELLECTUAL PROPERTY RIGHTS AGREEMENT

 

Party A: Beijing Bona New World Media
Technology Co., Ltd.

Address:

Legal Representative: Yu Dong

 

Party B:

Sex:

Zip Code:

Home Address:

Telephone No.:

ID/Passport Number:

 

Whereas:

 

1.                      Party A is a limited liability company
registered in Beijing, the People’s Republic of China (the “PRC”);

 

2.                      Party B is employed by Party A and
receives corresponding compensation now and hereafter by Party A pursuant to
the employment agreement entered into by and among Party A and Party B.

 

In purpose of clarifying the intellectual property
rights, trade secrets and non-competition issues, the Parties have agreed upon
the following terms which shall bind the Parties.

 

1.                    Confidential Information

 

1.1                     All the information that are of business
value to Party A, which was developed, created or discovered by Party A with
the resources of Party A, or in the name of Party A, or was known to Party A,
or transferred to Party A, including but not limited to technical secrets and
trade secrets.

 

1.2                     Technical secrets mentioned in this
Agreement include, but are not limited to technical plans, project designs,
circuit designs, manufacturing methods, formulae, process flows, technical
norms, computer software, database, development plans, records for research and
development, technical reports, inspection reports, experimental data,
examination results, blueprints, samples, prototypes, moulds, operation
manuals, technical documentation, relevant correspondences and etc.

 

1.3                     Trade secrets mentioned in this Agreement
include, but are not limited to customer lists, marketing plans, purchasing
documentation, pricing policy, financial documentation, purchasing channels,
information about legal business and human resources, salaries of other
employees, customer information relating to business of Party A, and
information obtained by Party A from third parties upon which Party A is under
confidential obligations.

 

1

 

2.                    Media of Confidential
Information

 

2.1                     All documents, information, photographs,
diagrams, notes, reports, letters, faxes, magnetic tapes, disks, apparatus and
any other forms of media, which are containing Confidential Information of
Party A and held or kept by Party B due to his/her work, shall be owned by
Party A, no matter whether the Confidential Information has business value.

 

2.2                     Party B shall return Party A all the
properties and media containing Confidential Information owned by Party A upon
Party A’s request or Party B’s dimission (whatever the reason is), and shall
not reproduce, hold or give the media abovementioned to any other person
without authorization of Party A.

 

2.3                     If the aforesaid media containing
Confidential Information of Party A belong to Party B, Party A shall make
corresponding economic compensation equivalent of the value of the media itself
to Party B when Party B returns such media to Party A.

 

3.                    Bylaws on Maintenance of
Confidentiality

 

3.1                     During the term of Party B’s employment
with Party A, Party B shall abide by the bylaws of Party A regarding the
confidentiality and perform his/her confidential obligations corresponding with
his/her working position.

 

3.2                     In case the bylaws on maintenance of
confidentiality are not clear, Party B shall take necessary and reasonable
measures with good faith, prudence and conscientiousness, to safeguard
technical secrets and trade secrets known or possessed by Party B during the
term of his/her employment with Party A. The aforesaid secrets can be those
belonging to Party A, or those that belong to third parties but Party A is
obligated to keep confidential.

 

4.                    Term of Employment

 

4.1                     The term of employment in this Agreement
means the longer of the following: the period from the day on which Party B
receives salaries from Party A to the day on which Party A terminates granting
salaries to Party B or Party B terminates receiving salaries from Party A, or
the term provided in the employment agreement.

 

4.2                     The dimission in this Agreement means
that any Party clearly demonstrates the will to

 

2

 

terminate the employment
and puts such will into practice, including but not limited to normal and
abnormal dimission, such as resignation and discharge.

 

5.                    Confidentiality
Obligations

 

5.1                     Except for the need of performing his/her
duties, Party B shall not disclose, disseminate, publicize, release, impart,
transfer to any third parties (including but not limited to other employees who
are not entitled to know Confidential Information in accordance with Party A’s
confidentiality administrations) or let such third parties know in any other
way without written authorization of Party A in advance, any technical secrets
or other trade secrets that belong to Party A or that belong to other parties
but Party A is obligated to keep confidential.

 

5.2                     It will be regarded that Party A has
agreed that Party B may disclose or use Confidential Information once Party B’s
superior manager has agreed in writing to let Party B do so, provided that
Party A has clearly stated in advance that such superior manager had been
granted such power.

 

5.3                     Without written consent of Party A, Party
B shall not inquiry, disclose or discuss the salary, bonus, welfare, option or
any other payments to or with any other persons except for the direct relatives
of Party B.

 

5.4                     Confidentiality Information and
Obligations provided in this Agreement shall not only apply to Party A itself,
but also its affiliated institutions, including but not limited to all the
branches, parent companies, wholly-owned and partially-owned companies.

 

6.                    Intellectual Property
Rights

 

During the term of his/her employment with Party A,
Party B shall promptly make full disclosure to Party A, all the creations,
inventions, discoveries, designs, development products, improvements, works,
computer software, semi-conductor chips, written documents upon which he/she
has copyrights, technical secrets and trade secrets designed, developed or
practiced alone or collectively with others which are relevant to the current
or potential business, products or research and development of Party
A(collectively referred to as “Products”).

 

6.1                     Products Made for Hire

 

6.1.1                  The Parties acknowledge that Party A
solely has all the intellectual property rights on all Products made by Party B
during the period of Party B’s employment with Party A which are produced upon
the duties of Party B or the tasks assigned to 

 

3

 

him by Party A or its
designee, or created mainly with the materials and technical resources of Party
A, or on the Products created within one year after Party B’s dimission, which
are relevant to the job or assigned tasks done by Party B for Party A.  Party A is entitled to use or transfer these
Products. Within the maximum scope allowed by law, Party B is obligated to
provide all the necessary information documentation and take all the necessary
actions, to assist Party A to prove, acquire, maintain, protect, achieve, or defend
for relevant rights related to these Products, including but not limited to
patent application, trademark registration, copyright (software) registration
and/or assistance or cooperation in legal disputes, and assisting Party A to
acquire and exercise relevant intellectual property rights.  For the above purpose, Party B hereby
irrevocably appoints Party A and/or its authorized senior manager to be Party
B’s representative with full power to execute relevant documentation and
exercise any legal act.

 

6.1.2                  The rights of authorship of the aforesaid
Products generally belong to Party A. If the law stipulates so and Party B
requests so in writing, the rights of authorship belong to Party B who is the
inventor, creator or designer, and Party B is entitled to be granted
corresponding bonus in accordance with relevant regulations of Party A.

 

6.2                     Products Not Made for
Hire

 

6.2.1                  If Party B claims the intellectual
property rights of the products completed by Party B during the term of
employment or inventions and creations related to his/her job or assigned tasks
in Party A made by him/her within one year after resignation, retirement or
transferring, he/she shall promptly make a statement to Party A in writing.
After written approval of Party A who considers them as Products Not Made for
Hire, Party B has the intellectual property rights.  If Party B assigns or gives permission to use
these Products Not Made for Hire, Party A has the priority to be assigned such
products.

 

6.2.2                  If Party B does not make the above
statement, the products are presumed to be Products Made for Hire, and Party A
may use or assign to third parties these Products. Even though these Products
are proved to be Products Not Made for Hire in the future, Party B shall not
request Party A to undertake any liabilities and/or compensate benefits to
Party B.

 

6.3                     Statements,
Representations and Warranties

 

6.3.1                  Party B has enclosed the Memorandum List
attached hereto as the Exhibit A, and provided relevant proofs, showing
all the products made prior to his/her 

 

4

 

employment with Party A
and owned by him/her. Party A confirms, through its signature and seal on the
attached list, that these products have not been included in this Agreement.

 

6.3.2                  Party B states that during his/her
employment with Party A, he/she has not used or disclosed and will not use or
disclose any confidential information, technical secrets, trade secrets or any
products belonging to past employers, principals, partners, cooperators and
clients (collectively referred to as “Former Employers”). In addition, Party B
will not bring any unpublished documents or any properties belonging to the
Former Employers to Party A, unless the Former Employers have consented. Party
B confirms that he/she has not breached and will not breach any agreements with
the Former Employers.

 

6.3.3                  Party B promises that he/she has not used
and will not use products, tools or software that infringes intellectual
property rights of others. Otherwise he/she will undertake corresponding
liabilities. Party B will not be liable, however, for the products, tools or
software that Party A instructed, arranged, or provided have infringed
intellectual property rights of others.

 

7.                    Term of Confidentiality

 

7.1                     No matter why Party B leaves, he/she
shall, within five years after dimission (since the day when he leaves),
safeguard any technical secrets or other trade secrets, exposed to or known by
Party A, that belong to Party A or that belong to other parties but Party A is
obligated to keep confidential, in the same way as he/she does during the term
of employment with Party A.

 

7.2                     Party B confirms that he/she shall enter
into a memorandum with Party A before dimission, in order to further clarify
relevant obligations and extent of confidentiality.

 

8.                    Employment Agreement

 

8.1                     Party B promises that during the term of
his/her employment with Party A, he/she will not accept any other employment,
except for matters disclosed in the financing documents of Party A or the
parent companies of Party A. Especially, without the prior written consent of
Party A, Party B shall not serve as any position in any other business
organization or social organization doing business on products of the same kind
with that of Party A or providing similar service or having direct business
relationship with Party A, including but not limited to partners, directors,
supervisors, shareholders, managers, employees, agents and consultants. Party B
shall not take advantage of his/her position in 

 

5

 

Party A to seek benefits
with any unreasonable method, or shall not take advantage of his/her position
to seek private interests for himself/herself.

 

8.2                     No matter why Party B leaves from Party
A, within one year after his/her dimission (Party A may voluntarily determine
to waive or shorten this term) (hereinafter collectively referred to as
Non-competition Term), Party B promises that he/she will not, without the prior
written uniform consent of the Board of Directors of Party A ( the matters
disclosed in the financing documents of Party A or the parent companies of
Party A will be considered as the written uniform consent and recognition of
the Board of Directors of Party A), (i) serve as a partner, employee,
consultant, officer, director, manager, agent, cooperator, investor, or
otherwise for the entity which is in competition with or otherwise similar to
the business of Party A or the Group (ii) directly or indirectly, own,
purchase, organize or take preparatory steps for the organization of the entity
which is in competition with or otherwise similar to the business of Party A or
the Group, (iii) build, design, finance, acquire, lease, operate, manage,
invest in, work or consult for or otherwise affiliate Party B with, any
business, in competition with or otherwise similar to the business of Party A
or the Group discussed in Section 2 above. The foregoing covenant shall
cover Party B’s activities in every part of the Territory in which Party B may
conduct business during the term of such covenant as set forth above.
“Territory” shall mean (a) the Mainland of the People’s Republic of China,
(b) Taiwan, (c) Hong Kong, (d) Macao, (e) the United States
of America, and (f) all other countries and/or regions of the world.

 

8.3                     In order to perform the covenants in
Section 8.2, Party B will get compensation from Party A (hereinafter
referred to as the “Compensation”). The total amount of the Compensation will
be equal to the higher of 12 times that of Party B’s salary in the month in
which the employment is terminated, or the minimum amount required by
applicable laws (if Party A waives the requirements of Non-competition upon
Party B or shorten the Non-competition Term, the Compensation will be
eliminated or proportionately reduced). 
Such Compensation will be paid month by month during the Non-competition
Term.

 

8.4                     During the term of employment with Party
A and within one year after his/her dimission, Party B promises that he/she
will not, directly or indirectly, induce or try to induce other employees in
Party A or Party A’s affiliated companies, to depart to service for Party B or
any other individuals or entities. Party B promises that he/she will not induce
the former or current clients of Party A or Party A’s affiliated companies, to
usurp their business and directly or indirectly gain benefits.

 

9.                    Dispute Resolution

 

9.1                     Any dispute arising out of matters
provided in this Agreement shall be settled through friendly consultation
between the Parties. If the Parties fail to reach a resolution through 

 

6

 

consultation, any Party
may bring a lawsuit to the court. The court in Party A’s location will be the
court of first instance for the dispute between the Parties.

 

9.2                     Party A’s request that the intellectual
property administrative agencies deal with the torts with administrative
measures will not be affected by the above covenants.

 

10.             Damages Reimbursement

 

10.1              Party B confirms that the compensation
received from Party A has included all the fees and reimbursements for all the
obligations except these provided in Section 8 assumed by Party B.  Party B agrees and accepts such an
arrangement.

 

10.2              In case Party B’s breach of contract
brings damages to Party A, Party B shall compensate the damages of Party A.

 

11.             Miscellaneous

 

11.1              Non-performance of any provisions in this
Agreement will not constitute any waiver of any provisions. If any provisions
in this Agreement are void or unenforceable, then the remaining provisions will
continue in full force and effect.

 

11.2              The amendment of this Agreement shall be
in writing. This Agreement sets forth the entire agreement and supersedes any
prior oral or written memorandum, arrangement and agreement related to the subject
matter of this Agreement. If there is any conflict between this Agreement and
any prior oral or written agreement, this Agreement shall prevail.

 

11.3              This Agreement shall become effective
from the date of the execution hereof. In case the Parties do not execute this
Agreement on the same day, the later date shall be the effective date of this
Agreement. This Agreement is written in Chinese in two copies, the Parties each
have each of them which shall be equally enforceable.

 

(The remaining is intentionally left blank)  

 

7

 

The Parties confirm that before the execution of this
Confidentiality, Non-competition and Intellectual Property Rights Agreement,
they have carefully read the entire Agreement and completely know the legal
meaning of any provision in this Agreement.

 

Execution Date:

 

 

	
  Party A:

  	
   

  	
  Party B:

  
	
   

  	
   

  	
   

  
	
  Beijing Bona New World Media
  Technology Co., Ltd.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Authorized Representative:

  	
   

  	
   

  	
  Signature:

  	
   

  
	
   

  	
   

  	
   

  
	
  Name: YU Dong

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Position: Legal Representative

  	
   

  	
   

  
					

 

8

 

Appendix A

 

Beijing
Bona New World Media Technology Co., Ltd.

 

Employee
Employment Memorandum

 

Memorandum
No. :                       

 

In consideration of employment by Beijing Bona New
World Media Technology Co., Ltd. (hereinafter referred to as the
“Company”), and in order to regulate our privity of employment and protect
reasonable rights and interests of the Company and myself, I, at the start
of my employment, make the following solemn statements:

 

1.                  Before I start to work in the
Company, I have legally terminated the employment with my former employers
(including full-time, part-time and non-full time), and there are no existing
economic and/or legal disputes.

 

2.                  During the term of the employment with
the Company, I have not used or disclosed and will not use or disclose any
confidential information, technology, trade secrets, designs, inventions or any
other products belonging to my former employers, principals, partners, cooperators
and clients (hereinafter referred to as “Former Employers”).

 

3.                  I have not brought and will not bring any
unpublished documents or properties belonging to the Former Employers to the
Company.

 

4.                  After I start to work in the
Company, I have not breached and will not breach any agreements with the
Former Employers by which I shall abide by working in the Company.

 

5.                  The following are technical products
completed by myself or in cooperation with others before starting to work in
the Company, which has nothing to do with the Company:

 

	
   

  	
  Name

  	
   

  	
  Number or Simple Descriptions

  	
   

  	
  Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

9

 

(If the above is blank, it means that there are no
technical products completed by myself or in cooperation with others before I
start to work in the Company. If it is filled with contents, it will not be
effective until relevant evidential documents are provided and the Company
confirms them. The result of confirmation shall be seen in the Confirmation
Letter appended to this Memorandum.)

 

6.                  The above warranties not only apply to
the Company itself, but also to the affiliated institutions of the Company,
including but not limited to all the branches, parent companies, wholly-owned
and partially-owned subsidiaries.

 

7.                  In case I breach any aforesaid
promises, I will undertake any liabilities arising from this.

 

8.                  This Memorandum constitutes integral part
of the Confidentiality, Non-competition and Intellectual Property Rights
Agreement. This Memorandum has two copies and the Parties hold each of them.

 

 

	
   

  	
  Employee Signature:

  	
   

  
	
   

  	
   

  
	
   

  	
  Name: (filled by the Company):

  
	
   

  	
   

  
	
   

  	
  Signature Date:

  	
   

  
	
   

  	
   

  
	
   

  	
  ID No.:

  	
   

  
					

 

 

Appendix: Confirmation Letter

 

Through examination and confirmation, Section 5
in this Memorandum is true and effective.

 

	
   

  	
  Beijing Bona New World Media Technology Co., Ltd. (stamp)

  
	
   

  	
   

  
	
   

  	
  Signature of Authorized Representative:

  	
   

  
	
   

  	
   

  
	
   

  	
  Date:

  

 

10

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