Document:

exv10w5

Exhibit 10.5

Business Operations Agreement

     This Business Operations Agreement (the “Agreement”) is made and entered into by and
between the following parties (the “Parties”) in Beijing on June 5, 2007.

Party A: NetQin Mobile (Beijing) Technology Co., Ltd. (“NetQin Beijing”)

     Address: Room 1238-1, Building 1-B, Enterprise Incubator, Zhongguancun Software Industrial Park, Dongbeiwang, Haidian District, Beijing, China

     Legal Representative: Lin Yu

Party B: Beijing NetQin Technology Co.,Limited (“NetQin Technology” or the
“Company”)

     Address: Room 1322, Building 1-C, Enterprise Incubator, Zhongguancun Software Industrial Park, Dongbeiwang, Haidian District, Beijing, China

     Legal representative: Lin Yu

Party C:

     Mr. Lin Yu, ID number: 352124197612060013

     Address: No. 10, Xitucheng Road, Haidian District, Beijing (Postgraduate 98)

     Mr. Zhou Xu, ID number: 110104690310301

     Address: Room 1601, Building 1, No.48, North Huayuan Road, Haidian
District, Beijing

     Mr. Shi Wenyong, ID number: 352124197711280513

     Address: Teaching Staff Dormitory, No. 5, Yiheyuan Road, Haidian District,
Beijing

Whereas:

1. Party A is a wholly foreign-owned enterprise which is registered and established and
continuously exists within the territory of the People’s Republic of China.

2. Party B is a limited-liability company which is registered and established by natural persons
within the territory of the People’s Republic of China.

3. Party A and Party B have established business relations by signing an “Exclusive Technical
Consulting Services Agreement” as well as other relevant agreements. Party B shall, under these
agreements, make payments to Party A, so the daily business operations of Party B will cause a
material effect on its ability to making relevant payments to Party A.

4. Party C are shareholders of Party B (the “Founding Shareholders”). Mr. Lin Yu holds 52%, Mr.
Zhou Xu holds 33.25%, and Mr. Shi Wenyong holds 14.75% of the equity interest of Party B.

 

 

Upon the principles of amicable consultation and mutual benefits, all Parties hereby agree to abide
by the following provisions and conditions.

1. Obligations of Abstention (Non-action Obligations)

     In order to facilitate Party B to perform such agreements as signed with Party A and to
perform its obligations to Party A, the Founding Shareholders hereby confirm and agree that,
without the prior written consent of Party A or Party A’s representatives, Party B will not engage
in any transaction which may materially affect the its assets, services, personnel, obligations,
rights or operation, including but not limited to:

     1.1 Engaging in any activity which exceeds the normal business scope of the Company.

     1.2 Borrowing money from any third party or assuming any debt, except for any loan or debt
with single contract amount of less than RMB 150,000 during normal or daily business operation, or
many contracts signed and concluded with a same party within three consecutive months with the
total amount of less than RMB 150,000.

     1.3 Changing or removing any director or any executive officer of the Company;

     1.4 Selling to or procuring from any third party any assets or rights with an amount of more
than RMB 200,000, including but not limited to any intellectual property right.

     1.5 Providing any third party with any warranty or guaranty by the Company’s assets or
intellectual property rights, or attaching any other obligations to the Company’s assets, except
for a warranty which occurs during normal or daily business operation with the prior written
consent of Party A.

     1.6 Altering or changing the “Articles of Association” or business scope of the Company.

     1.7 Altering or changing any normal business procedure or bylaws or any major internal rules
of the Company.

     1.8 Transferring to any third party any right or obligation under this Agreement.

2. Operation management and personnel arrangement

     2.1 Party B and the Founding Shareholders hereby agree and accept any proposals provided by
Party A, from time to time, regarding the employee appointment and removal, daily business
operation and financial management of the Company.

     2.2 Party B and the Founding Shareholders hereby agree that the Founding Shareholders shall,
pursuant to relevant laws and regulations and the Company’s “Articles of Association”, select such
persons as appointed by Party A to serve as the directors, general manager, chief financial
officer, and other senior managers of the Company.

     2.3 In the event that such person as appointed by Party A leaves Party A, whether through
voluntary resignation or being dismissed by Party A, he or she can no longer hold any position in
Party B. Under such circumstance, the Founding Shareholders shall select another person as
appointed by Party A to serve such position.

 

 

     2.4 For the purpose of the aforesaid Clause 2.3, the Founding Shareholders shall, pursuant to
the stipulations of relevant laws and the Company’s “Articles of Association” and this Agreement,
take and adopt all necessary internal and external measures to complete and finish the aforesaid
removal and selection procedures.

     2.5 The Founding Shareholders hereby agree that, upon signing this Agreement, they will sign a
“Power of Attorney” (as Appendix 1 hereto). The Founding Shareholders shall, pursuant to such
“Power of Attorney”, irrevocably authorize such persons as appointed by Party A to exercise all
voting powers and rights that the Founding Shareholders enjoy as shareholders of Party B. The
Founding Shareholders further agree that they will, pursuant to the requirements of Party A,
immediately replace and change such authorized persons who are set out in the aforesaid Power of
Attorney.

3. Other Stipulations

     3.1 If and whenever any agreement between Party A and Party B is terminated or expired, both
Parties shall consult whether to terminate all agreements between both Parties, including but not
limited to the “Exclusive Technical Consulting Services Agreement”.

     3.2 Whereas Party A and Party B have established business relations by signing an “Exclusive
Technical Consulting Services Agreement” as well as relevant agreements, and the daily business
activities of Party B will cause a material effect on its ability to make relevant payments to
Party A. The Founding Shareholders hereby agree that they shall unconditionally pay or transfer to
Party A any bonus, dividend or any other profit or interest (in any form) which is procured and
obtained from Party B as the shareholders of Party B.

4. Entire Agreement and Alteration

     4.1 This Agreement and all of such agreements and/or documents as mentioned or implied herein
shall constitute the entire agreement among the Parties with respect to the subject matter hereof,
and shall supersede all previous and contemporaneous, oral and written agreements, contracts,
negotiations and understandings.

     4.2 This Agreement can only be amended or altered by written agreement signed by both
Parities. Such amendment or supplemental agreement properly signed by the Parties shall be deemed
as an integral part hereof, and shall have the same legal effect with this Agreement.

5. Governing Laws

     The signing, effectiveness, performance and interpretation hereof, as well as the settling of
disputes, shall be governed by the laws of the People’s Republic of China.

6. Settling of Disputes

     6.1 Any dispute as arising from the interpretation or performance of the articles and clauses
hereunder shall be carefully settled through amicable discussions by the Parties. In the event that
no settlement could be reached, either Party may submit the dispute in question for arbitration to
China International Economic and Trade Arbitration Commission. The rules of this Commission shall
be applied. The arbitration shall be conducted in Beijing in mandarin Chinese. The award of the
Arbitration shall be final and binding upon the Parties.

 

 

     6.2 The Parties shall, at good will, continue to perform their respective obligations
hereunder except for the matters under arbitration.

7. Notices

     Any notice to be given by the Parties for performing the rights and obligations hereunder
shall be in writing and shall be sufficiently given by the designated person, fax or registered or
certified mail, postage prepaid, to the following addresses of the Parties.

Party A: NetQin Mobile (Beijing) Technology Co., Ltd. (“NetQin Beijing”)

     Address: Room 1238-1, Building 1-B, Enterprise Incubator, Zhongguancun
Software Industrial Park, Dongbeiwang, Haidian District, Beijing, China

     Fax:

     Telephone:

     Addressee:

Party B: Beijing NetQin Technology Co.,Limited (“NetQin Technology”)

     Address: Room 1322, Building 1-C, Enterprise Incubator, Zhongguancun
Software Industrial Park, Dongbeiwang, Haidian District, Beijing, China

     Fax: (8610) 85655518

     Telephone: (8610) 85655555-777

     Addressee:

Party C

Lin Yu

     Address: No. 10, Xitucheng Road, Haidian District, Beijing (Postgraduate 98)

     Fax: (8610) 85655518

     Telephone: (8610) 85655555-777

     Addressee:

Zhou Xu

     Address: Room 1601, Building 1, No.48, North Huayuan Road, Haidian
District, Beijing

     Fax: (8610) 85655518

     Telephone: (8610) 85655555-777

     Addressee:

Shi Wenyong,

     Address: Teaching Staff Dormitory, No.5, Yiheyuan Road, Haidian District,

 

 

     Beijing

     Fax: (8610) 85655518

     Telephone: (8610) 85655555-777

     Addressee:

8. Agreement Effectiveness, Term and Others

     8.1 All written consents, proposals, appointments and other decisions as materially affecting
the daily operation of Party B shall be made by the Board of Directors of Party A.

     8.2 This Agreement shall come into effect when it is signed and concluded by the Parties on
the date provided on the front page of this Agreement. This Agreement shall be effective till the
date when Party A is dissolved in accordance with the laws of the People’s Republic of China.

     8.3 Within the effective period hereof, neither Party B nor the Founding Shareholders shall
terminate this Agreement in advance. Party A shall have the right to terminate this Agreement by
issuing a notice in writing to Party B and the Founding Shareholders 30 days in advance.

     8.4 If and whenever any clause or provision hereof becomes illegal, invalid or unenforceable
in any jurisdiction, such clause shall be deemed as having been deleted herefrom, but the other
clauses and provisions hereof shall remain effective and valid, as if such clause were not included
herein in the first place. The Parties shall, upon amicable negotiations, replace and supersede the
deleted clause with an acceptable and legal and effective clause.

     8.5 Failure to exercise any right, power or privilege hereunder by any party shall not be
deemed as waiver. The exercise of any individual right, power or privilege or part of any right,
power or privilege shall not prevent and impair the exercise of any other right, power or
privilege.

     In witness whereof, the Parties have caused this Agreement to be executed by their duly
authorized representatives as of the date provided on the front page of this Agreement.

(No text of this agreement below)

 

 

(This page is intentionally left blank for the signing of this Agreement)

	 	 	 	 	 
	 	Party A: NetQin Mobile (Beijing)

Technology Co., Ltd. (official

company seal)

Authorized Representative: Lin Yu

 	 
	 	/s/ Lin Yu
 	 
	 	 	 
	 	 	 
	 

	 	 	 	 	 
	 	Party B: Beijing NetQin

Technology Co.,Limited (official

company seal)

Legal representative: Lin Yu

 	 
	 	/s/ Lin Yu
 	 
	 	 	 
	 	 	 
	 

	 	 	 	 	 
	 	Party C:

Lin Yu

 	 
	 	/s/ Lin Yu
 	 
	 	 	 
	 	 	 
	 

	 	 	 	 	 
	 	Zhou Xu

 	 
	 	/s/ Zhou Xu
 	 
	 	 	 
	 	 	 
	 

	 	 	 	 	 
	 	Shi Wenyong

 	 
	 	/s/ Shi Wenyong
 	 
	 	 	 
	 	 	 

 

 

	 	 	 	 	 

Appendix 1:

Power of Attorney

     We, shareholders of Beijing NetQin Technology Co., Limited (“NetQin Technology”), Mr. Lin Yu
(ID number: 352124197612060013), Mr. Zhou Xu (ID number: 110104690310301) and Mr. Shi Wenyong (ID
number: 352124197711280513), (collectively, the “Authorizers”), hereby irrevocably authorize
Beijing NetQin Technology Co., Limited (“NetQin Beijing”, or the “Authorizee”) to exercise the
following rights within the effective period of this Power of Attorney.

     The Authorizee may duly represent us to enjoy and exercise all shareholders’ rights which are
stipulated by laws and the “Articles of Association” of the Company, including but not limited to:
the right to propose a shareholders’ meeting; the right to
receive any notice on shareholders’ meetings and agendas; the right to attend a shareholders’ meeting and exercise all voting rights
(including serving as our duly authorized representative to appoint and designate the directors,
general manager, chief financial officer, and other executive officer of the Company, and to decide
the bonus of the Company, etc.); the right to sell or transfer all or any of our shares in NetQin
Technology, etc.

     The Authorizee shall have the right to appoint such persons as selected by its Board of
Directors (or executive director) to exercise such rights hereunder as authorized by the
Authorizers.

     Unless this “Business Operations Agreement” as jointly signed and concluded by NetQin
Technology, NetQin Beijing, Mr. Lin Yu, Mr. Zhou Xu and Mr. Shi Wenyong is terminated in advance by
virtue of any reason, this Power of Attorney shall remain effective from the date it is signed to
the date when NetQin Beijing is dissolved in accordance with the laws of the People’s Republic of
China.

	 	 	 	 	 

	The Authorizer:

	 	The Authorizer:
	 	The Authorizer:
	/s/ Lin Yu

	 	/s/ Zhou Xu
	 	/s/ Shi Wenyong
	 

	 	 
	 	 
	Lin Yu

	 	Zhou Xu
	 	Shi Wenyong

Date: June 5, 2007exv10w6

Exhibit 10.6

Equity Interest Pledge Agreement

          This Equity Interest Pledge Agreement (hereinafter referred to as the “Agreement”) is executed
on August 6th, 2007 in Beijing by the following parties:

Party A: NetQin Mobile (Beijing) Technology Co., Ltd.

Address: Room 1238-1, Unit B, Bldg 1, Dongbeiwang Incubator, Beijing Zhongguanchun Software Park,
Haidian District, Beijing

Party B:

Lin Yu, ID number: 352124197612060013

Postgraduate, enrolled in 1998,

Address: No. 10, Xitucheng Rd, Haidian District, Beijing

Zhou Xu, ID number: 110104690310301

Address: Room 1601, Building 1, No.48 , North Huayuan Road, Haidian District, Beijing, China

Shi Wenyong, ID number: 352124197711280513

Address: Teaching Staff Dormitory, No. 5, Yiheyuan Road, Haidian District, Beijing

Wheareas:

	1.	 	Party A is an existing wholly foreign-owned enterprise lawfully registered within the
People’s Republic of China;
	 
	2.	 	Beijing NetQin Technology Co., Ltd. (hereinafter referred to as “NetQin Technology”) is a
liability limited company registered within China;
	 
	3.	 	Party B are shareholders of NetQin Technology (hereinafter referred to as “pledgers”), in
which Lin Yu holds 52% equities, Zhou Xu 33.25%, and Shi Wenyong 14.7%;
	 
	4.	 	Both Party A and Party B have executed an exclusive consulting services agreement, an equity
disposition agreement, and a business operation agreement with NetQin Technology on June 5th,
2007;
	 
	5.	 	In order to ensure that Party A can regularly collect service fees under the exclusive
consulting services agreement from NetQin Technology owned by Party B, and ensure the
performance of the equity disposition agreement and business operation agreement, the
pledgers, jointly and severally, pledge all their equity interests in NetQin Technology as the
pledge guarantee for aforesaid agreements, with Party A as the pledgee.

 

 

Therefore, both parties hereto after friendly negotiation reached the following agreement for mutual observation in line with the principles of equality and reciprocity:

	1.	 	DEFINITION:
	 
	 	 	Unless otherwise defined herein, the following terms shall have the following meanings:
	 
	1.1	 	Right of pledge shall refer to all contents described in Article 2 hereof.
	 
	1.2	 	Equities shall refer to 100% equities pledgers jointly held in NetQin Technology and all
existing and future rights and interests derived from such equities.
	 
	1.3	 	Agreements shall refer to the exclusive consulting and service agreement, equity disposition
agreement, and business operation agreement executed by Party A, NetQin Technology, and other
parties concerned on June 5th, 2007.
	 
	1.4	 	Default events shall refer to any circumstances prescribed in Article 7 hereof.
	 
	1.5	 	Default notice shall refer to the notice of announcing any default events issued by Party A
hereunder.
	 
	2.	 	PLEDGE
	 
	2.1	 	Pledgers pledge all their equities in NetQin Technology to Party A for guaranteeing Party A’s
rights and interests under these agreements.
	 
	2.2	 	The guarantee coverage of the equity pledge hereunder are all fees (including legal fees),
expenditure, losses to be borne, interests, penalties, damages, cost for realizing creditor’s
rights payable by NetQin Technology and/or pledgers to Party A under these agreements, and any
liabilities to be born by NetQin Technology and pledgers when part or whole of these
agreements become valid due to whatsoever reason.
	 
	2.3	 	The rights of pledge is the Party A’s privilege to get compensation by discounting,
auctioning, or selling equities pledged by pledgers to Party A.
	 
	2.4	 	Unless otherwise agreed by Party A in writing after this Agreement comes into force, the
pledge hereunder may be released only when NetQin Technology and pledgers have properly
performed all obligations and responsibilities under these agreements and have obtained the
written acknowledge from Party A. Where NetQin Technology or pledgers fail to complete part or
whole of obligations or responsibilities under these agreements upon the expiration thereof,
Party A is still entitled to the rights of pledge prescribed herein till said obligations and
responsibilities being performed to the satisfaction of Party A.
	 
	3.	 	EFFECTIVENESS
	 
	3.1	 	This Pledge Agreement shall be founded as of the date both parties signed and sealed and come
into force from the date such equity pledge registered in the shareholders’ list.
	 
	3.2	 	During the pledge, Party A is entitled to exercise the rights of pledge according to this
Agreement after reasonably notification where NetQin Technology fails to pay service fees
under the

2

 

	 	 	exclusive consulting services agreement or to perform other clauses of such agreement,
business operation agreement, or equity disposition agreement.
	 
	4.	 	POSSESSION AND PRESERVATION OF EQUITY CREDENTIALS
	 
	4.1	 	Pledgers shall, within ten working days after the execution of this Agreement or earlier as
agreed by all parties, hand over their equity contribution certificate (original) of NetQin to
Party A for preservation, and submit the evidentiary certificate proving that this pledge
hereof has properly been registered in the shareholders’ list to Party A, go through all
approval and registration formalities as required by the laws of the People’s Republic of
China, and present the evidentiary certificate proving that equity pledge registration has
been made with competent administration for industry and commerce.
	 
	4.2	 	In the case that issues relating to the pledge shall be changed according to laws, both
parties shall, within 5 working days, make the corresponding changes and submit relevant
change registration documents.
	 
	4.3	 	During equity pledge, pledgers shall instruct NetQin not to distribute any dividends or
bonus, or make any profit distribution plans; where pledgers obtain any economic benefits of
whatsoever nature other than dividends, bonus, or other profit distribution plans from the
pledged equities, pledgers shall, as required by Party A, instruct NetQin to directly remit
relevant payment (realized payment) to the bank account specified by Party A and may not
utilize such payment without Party A’s prior written consent.
	 
	4.4	 	During equity pledge, where pledgers subscribe any new registered capital of NetQin
Technology or accept the equity of NetQin Technology held by other pledgers (newly added
equities), such newly added equities will automatically become the part of pledged equity
hereunder and pledgers shall, within 10 working days after the acquisition of such equities,
complete all formalities necessary for the pledge of such added equities. Where pledgers fail
to complete relevant formalities according to the preceding paragraph, Party A is entitled to
realize the rights of equity according to Article 8 hereof.
	 
	5.	 	STATEMENT AND COMMITMENT OF PLEDGERS
	 
	 	 	Upon the execution of this Agreement, pledgers make the following presentation and
commitment to Party A and confirm that the execution and performance of this Agreement by
Party A is on the basis of such presentation and commitment:
	 
	5.1	 	Pledgers lawfully hold equities hereunder and have the right to provide Party A with such
equities as pledge guarantee.
	 
	5.2	 	Where Party A exercises its rights or realizes the rights of pledge at any time from the date
this Agreement is executed to the date its rights of pledge expires, as set forth in Article
2.4 hereof, no lawful claim or justified intervention from other parties may be made.
	 
	5.3	 	Party A is entitled to exercise its rights of pledge according to laws, regulations and this
Agreement.
	 
	5.4	 	The execution hereof and performance of its obligations hereunder has necessarily been
authorized by its company and are not against any laws and regulations. The authorized
representatives signing this Agreement have been lawfully and validly authorized.

3

 

	5.5	 	There is no whatsoever lien or guarantee of any third party on the equities (including but
not limited to pledge) they hold.
	 
	5.6	 	The equities are free from any ongoing or future civil, administrative or criminal lawsuits,
administrative punishment or arbitration.
	 
	5.7	 	The equities are not involved in any payable yet unpaid taxes or charges, or any uncompleted
legal procedures or formalities that are to be completed.
	 
	5.8	 	All clauses herein are the expression of their real intention and have legal force upon them.
	 
	6.	 	COMMITMENTS OF PLEDGERS
	 
	6.1	 	Pledgers commit to Party A that pledgers, during the existence of this Agreement, will:
	 
	6.1.1	 	neither transfer pledged equities nor set up or allow the existence of any other liens such
as pledge that might affect Party A’s rights and interests or third party’s guarantee rights
and interests in whatsoever form, unless transfer to Party A or the person designated by Party
A and under Party A’s request.
	 
	6.1.2	 	abide by and implement all and any provisions of applicable laws and regulations. Pledgers
will, within five working days after receiving any notification, instruction or suggestion
issued or formulated by competent authorities regarding the rights of pledge, present the same
to Party A, and make moves as reasonably instructed by Party A;
	 
	6.1.3	 	inform Party A of any event or received notification that might affect pledgers’ equities or
any rights thereof, or change any pledgers’ obligations hereunder, or affect pleaders’
performance of their obligations hereunder in a timely manner and will make moves as
reasonably instructed by Party A.
	 
	6.2	 	Pledgers agree that Party A’s exercise of its any rights according to the clauses hereof will
not be interrupted or impeded by pledgers or their successors or assignees, or any other
persons.
	 
	6.3	 	Pledgers guarantee Party A that in order to protect or perfect the guarantee hereof on
pledgers and/or NetQin Technology under these Agreements, pledgers will conduct any necessary
amendment (if applicable) to their and NetQin Technology’s articles of association, that
pledgers will honestly execute, and cause other parties having interests in the pledge to
execute, all right certificates and covenants as required by Party A, and/or perform, and
cause other parties having interests in the pledge to perform, any actions required by Party
A, and provide any facilities to help Party A exercise its rights of pledge, that pledgers
will execute any change documents relating to equity certificates with any third party
specified by Party A and provided Party A with any relevant documents relating to the rights
of pledge as it deems necessary, within reasonable term.
	 
	6.4	 	Pledgers commit to Party A that pledgers will abide by and perform all guarantees,
commitments, agreements and presentations for the interests of Party A. Pledgers will
compensate Party A for its any losses arising therefrom where pledgers fail to perform or
incompletely perform their guarantees, commitments, agreements and presentations.
	 
	7.	 	DEFAULT EVENTS
	 
	7.1	 	The following events will be deemed as default events:

4

 

	7.1.1	 	NetQin Technology or its successors or assignees fail to pay any payable payments under
these agreements as scheduled and in full, or pledgers or their successors or assignees fail
to perform their obligations under the business operation agreement, equity disposal
agreement, and exclusive consultancy and service agreement;
	 
	7.1.2	 	Any statements, guarantees, or commitments made by pledgers in Articles 5 and 6 hereof
contain any substantial misleading or mistakes, and/or pledgers violate said statements,
guarantees, or commitments;
	 
	7.1.3	 	Pledgers significantly violates any clauses hereof;
	 
	7.1.4	 	Pledgers abandon pledged equities or transfer pledged equities without Party A’s written
consent, unless otherwise agreed in Article 6.1.1 hereof;
	 
	7.1.5	 	Pledgers’ external loans, guarantees, compensations, commitment, or other repayment
liabilities are to be paid or performed in advanced as are required or cannot be repaid or
performed as scheduled and thus causing Party A has a ground to believe that pledgers’ ability
to perform obligations hereunder has been affected and that will further affect Party A’s
interests;
	 
	7.1.6	 	Pledgers are unable to repay their general liabilities or other debts that will further
undermine Party A’s interests;
	 
	7.1.7	 	This Agreement becomes invalid due to the promulgation of relevant laws or pledgers are
unable to continue their performance of obligations hereunder;
	 
	7.1.8	 	The consent, permission, approval or authorization of any government authorities necessary
for this Agreement coming into force is withdrawn, suspended, invalidated or substantially
amended;
	 
	7.1.9	 	Party A believes that pledgers’ ability to perform the obligations hereunder has been
affected due to any adverse change of their owned assets; or
	 
	7.1.10	 	Other circumstances under which Party A may not exercise its rights of pledge as stipulated
by relevant laws.
	 
	7.2	 	Pledgers shall forthwith notify Party A in writing of any events prescribed in Article 7.1
that they have known or detected or that have happened.
	 
	7.3	 	Unless the default issues prescribed in Article 7.1 has been resolved to Party A’s
satisfaction, Party A may, at any time during or after the occurrence of such default events,
issue default notification to pledgers in writing, demanding immediate payment of all arrears
and other payables under these Agreements or timely performance of the equity disposal
agreement and business operation agreement. Where pledgers or NetQin fail to rectify their
default events or take any necessary remedies within ten days after the issuance of such
written notification, Party A is entitled to exercises its rights of pledge in accordance with
Article 8 hereof.
	 
	8.	 	EXERCISE OF RIGHTS OF PLEDGE
	 
	8.1	 	Pledgers may not transfer their equities prior to the full payment and performance of all
expenditures and obligations under these Agreements without Party A’s written consent.
	 
	8.2	 	When exercising the rights of pledge, Party A shall serve a default notification to pledgers
in accordance with Article 7.3 hereof.

5

 

	8.3	 	Subject to provision set forth in Article 7.3, Party A may exercises the rights of pledge at
any time after serving default notification in accordance with Article 7.3.
	 
	8.4	 	Party A is entitled to realize its first right of refusal by converting whole or part of
equities hereunder into cash in accordance with legal procedures, or auctioning or selling
such equities, till the full payment of unpaid service fees under these Agreement, full
deduction of other payables, and complete performance of the equity disposal agreement and
business operation agreement.
	 
	8.5	 	When Party A exercises its rights of pledge according to this Agreement, pledgers may not set
up any hindrance and shall give any necessary assistance so that Party A may realize its
rights of pledge.
	 
	9.	 	TRANSFER
	 
	9.1	 	Unless otherwise specifically agreed by Party A in writing in advance, pledgers may not
transfer any rights and/or obligation hereunder to any third parties.
	 
	9.2	 	This Agreement has binding force upon the pledgers and their successors, as well as Party A
and its successors and assignees.
	 
	9.3	 	Party A may transfer whole or part of any rights and obligations hereunder to its any
specified third party at any time; in such circumstances, assignees shall have the same rights
and obligations as those of Party A. When transferring rights and obligations hereunder,
pledgers shall execute relevant agreements and/or documents regarding such transfer as
required by Party A.
	 
	9.4	 	After the change of pledgee due to such transfer, both parties to the new pledge shall
re-execute the pledge agreement and pledgers shall be responsible for going through all
relevant registration formailities.
	 
	10.	 	PROCEEDS AND OTHER EXPENSES
	 
	10.1	 	All and any expenses and actual expenditure relating hereto, including but not limited to
legal fees, costs, stamp taxes and any other taxes and charges, shall be equally shared by
both parties hereto.
	 
	11.	 	FORCE MAJEURE
	 
	11.1	 	In the case that the performance hereof is delayed or impeded by any force majeure, the
affected party may only be exempted from any obligations hereunder only for such affected
part. Force majeure means any events that are beyond the reasonable control of a party and
are inevitable after the affected party paying reasonable attention, including but not limited
to government actions, natural forces, fire disasters, explosion, geographical changes,
storms, floods, earthquake, tides, lighting, or war. The credit, fund or finance
insufficiency, however, may not be deemed as issues that are beyond the reasonable control of
a party. The party affected by such force majeure and seeks for the exemption from any
performance hereunder shall notify another party of such issues as soon as possible and shall
inform such party of its actions to be taken.
	 
	11.2	 	The affected party does not have to undertake any liabilities hereunder, provided however
that the party seeking for the exemption will be exempted from such liabilities to the extent
of affected performance only when the affected party tries its best to perform this Agreement.
Once the

6

 

	 	 	reason for exemption is rectified or remedied, parties hereto
agree to try their best to resume the performance hereunder.
	 
	12.	 	GOVERNING LAWS AND DISPUTE SETTLEMENT
	 
	12.1	 	The execution, validity, performance and interpretation, as well as the settlement of dispute
shall be interpreted by laws of the People’s Republic of China.
	 
	12.2	 	Any dispute over the interpretation and performance of any clauses hereunder shall be settled
by parties hereto through friendly negotiation. If such negotiation fails, any party may bring
relevant dispute to China International Economic and Trade Arbitration Commission for
arbitration in accordance with existing arbitration rules by then. The arbitration shall be
made in Beijing and the arbitration language shall be Chinese. The rule of arbitration is
final, having binding force upon parties hereto.
	 
	12.3	 	Save as issue being disputed over, parties hereto shall continue their obligations hereunder
in line with the principle of good will.
	 
	13.	 	NOTICE
	 
	 	 	The notice issued by parties hereto for the performance of rights and obligations hereunder
shall be in writing and served to the following addresses in the forms of courier,
registered mail, postage pre-paid mail, recognized courier services, or fax.

Party A: NetQin (Beijing) Mobile Inc. (“NetQin Mobile”)

Address: Room 1238-1, Unit B, Bldg 1, Dongbeiwang Incubator, Beijing Zhongguanchun Software Park,

Haidian District, Beijing

Fax:

Telephone number:

Recipient:

Party B: Lin Yu

Postgraduate, enrolled in 1998, Address: No. 10, Xitucheng Rd, Haidian District, Beijing

Fax: (8610) 85655518

Telephone number: (8610) 85655555-777

Recipient:

Zhou Xu

Address: Room 1601, Building 1, No.48 , North Huayuan Road, Haidian District, Beijing, China

Fax: (8610) 85655518

Telephone number: (8610) 85655555-777

Recipient:

Shi Wenyong

Address: Teaching Staff Dormitory, No. 5, Yiheyuan Road, Haidian District, Beijing

Fax: (8610) 85655518

Telephone number: (8610) 85655555-777

Recipient:

	14.	 	ATTACHMENT
	 
	 	 	Attachments listed hereto are an integral part hereof.

7

 

	15.	 	WAIVER
	 
	 	 	Non-exercise or delayed exercise of any rights, remedies, authorities or privileges by Party
A shall not be deemed as waiver to such rights, remedies, authorities or privileges and the
separate or partial exercise of such rights, remedies, authorities or privileges by Party A
shall not exclude the exercise of any other rights, remedies, authorities or privileges. The
rights, remedies, authorities and privileges prescribed herein are accumulative and will not
exclude the application of any other rights, remedies, authorities and privileges stipulated
by any laws.
	 
	16.	 	MISCELLANEOUS
	 
	16.1	 	Any amendment, supplement or change of the agreement hereto shall be made in writing and
becomes effective after parties hereto sign and seal.
	 
	16.2	 	Parties hereto confirm that this Agreement is a fair and reasonable agreement reached by
parties hereto on the basis of equality and reciprocity. Where any clauses hereof conflict
with relevant laws and become invalid or cannot be forcibly performed, only such part is
invalid or is without force within the jurisdiction of relevant laws and will not affect the
legal force of other clauses.
	 
	16.3	 	This Agreement is made in quadruplicate in Chinese.

(There is no text below)

8

 

[No text in this page, which is the endorsement page of the Equity Disposal Agreement]

	 	 	 	 	 
	Party A: NetQin Mobile (Beijing) Technology Co., Ltd.

(Company Seal)

Authorized Representative:

 	 	 
	/s/ Lin Yu
 	 	 
	Lin Yu 	 	 
	 
	Party B:

Lin Yu

 	 	 
	/s/ Lin Yu
 	 	 
	 	 	 
	 
	Zhou Xu

 	 	 
	/s/ Zhou Xu
 	 	 
	 	 	 
	 
	Shi Wenyong

 	 	 
	/s/ Shi Wenyong
 	 	 
	 	 	 
	 	 	 
	 

9

 

Attachment:

	1.	 	List of NetQin Technology’s Shareholders
	 
	2.	 	Contribution Certificate of NetQin Technology’s Shareholders

10

 

List of NetQin Technology’s Shareholders

[August 6th, 2007]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Contribution	 	 	 	 	 	No. of	 	 
	 	 	 	 	 	 	Amount	 	Contribution	 	Contribution	 	Contribution	 	 
	Name	 	Address	 	Contribution Method	 	(RMB)	 	Percentage	 	Date	 	Certificate	 	Remarks
	Lin Yu

	 	Postgraduate,
enrolled in 1998,
Address: No. 10,
Xitucheng Rd,
Haidian District,
Beijing
	 	Intellectual
property rights and
cash
	 	5.2 million
	 	52% 
	 	April 24th, 2007
	 	01 
	 	The equities were
pledged to NetQin
Mobile (Beijing)
Technology Co., Ltd
on August 6th, 2007
	Zhou Xu

	 	Room 1601, Building
1, No.48 , North
Huayuan Road,
Haidian District,
Beijing, China
	 	Cash
	 	3.325 million
	 	33.25% 
	 	April 24th, 2007
	 	02- 
	 	The equities were
pledged to NetQin
Mobile (Beijing)
Technology Co., Ltd
on August 6th, 2007
	Shi Wenyong

	 	Teaching Staff
Dormitory, No. 5,
Yiheyuan Road,
Haidian District,
Beijing
	 	Cash
	 	1.475 million
	 	147.5% 
	 	April 24th, 2007
	 	03 
	 	The equities were
pledged to NetQin
Mobile (Beijing)
Technology Co., Ltd
on August 6th, 2007

	 	 	 	 	 
	Company: Beijing NetQin Technology Co., Ltd. (Seal)

Legal Representative: Lin Yu

 	 	 
	/s/ Lin Yu
 	 	 

Date: August 6, 2007

11

 

Contribution Certificate of NetQin Technology’s Shareholders

(No. 01)

          Beijing NetQin Technology Co., Ltd. (the “Company”) was founded on October 21st, 2005 and
registered in Haidian Branch of Beijing Administration for Industry and Commerce, with the
registration number: 110108008992276. Currently, the registered capital of the Company is RMB 10
million.

          Li Yu, a shareholder of the Company, has paid his contribution at RMB 5.2 million on April
24th, 2007. The Company hereby gives this certificate for evidence.

	 	 	 	 	 
	 	 	 
	/s/ Lin Yu
 	 	 
	 	 	 
	Lin Yu 	 	 

Beijing NetQin Technology Co., Ltd.

(Company Seal)

August 6th, 2007

12

 

Contribution Certificate of NetQin Technology’s Shareholders

(No. 02)

          Beijing NetQin Technology Co., Ltd. (the “Company”) was founded on October 21st, 2005 and
registered in Haidian Branch of Beijing Administration for Industry and Commerce, with the
registration number: 110108008992276. Currently, the registered capital of the Company is RMB 10
million.

          Zhou Xu, a shareholder of the Company, has paid his contribution at RMB 3.325 million on April
24th, 2007. The Company hereby gives this certificate for evidence.

Beijing NetQin Technology Co., Ltd. (Company Seal)

August 6th, 2007

13

 

Contribution Certificate of NetQin Technology’s Shareholders

(No. 03)

          Beijing NetQin Technology Co., Ltd. (the “Company”) was founded on October 21st, 2005 and
registered in Haidian Branch of Beijing Administration for Industry and Commerce, with the
registration number: 110108008992276. Currently, the registered capital of the Company is RMB 10
million.

          Shi Wenyong, a shareholder of the Company, has paid his contribution at RMB 1.475 million on
April 24th, 2007. The Company hereby gives this certificate for evidence.

	 	 	 	 	 
	 	 	 
	/s/ Lin Yu
 	 	 
	 	 	 
	Lin Yu 	 	 

Beijing NetQin Technology Co., Ltd. (Company Seal)

August 6th, 2007

14

 

Supplemental Agreement to the Equity Interest Pledge Agreement

     This supplemental agreement (the “Supplemental Agreement”) is entered into and executed
by the following parties (the “Parties”) on December 15, 2007 in Beijing, China.

Party A: NetQin Mobile (Beijing) Technology Co., Ltd.

Address: Room 1238-1, Unit B, Bldg 1, Dongbeiwang Incubator, Beijing Zhongguanchun Software Park,

Haidian District, Beijing

Party B:

Lin Yu, ID number: 352124197612060013

Postgraduate, enrolled in 1998,

Address: No. 10, Xitucheng Rd, Haidian District, Beijing

Zhou Xu, ID number: 110104690310301

Address: Room 1601, Building 1, No.48 , North Huayuan Road, Haidian District, Beijing, China

Shi Wenyong, ID number: 352124197711280513

Address: Teaching Staff Dormitory, No. 5, Yiheyuan Road, Haidian District, Beijing

Wheareas:

	1.	 	The Parties executed an Equity Interest Pledge Agreement (the “Original Agreement”) on August
6th, 2007 in Beijing, China, under which pledgers pledge all of their equities in
NetQin Technology to Party A, as a guarantee for Party A’s rights and interest under
agreements.
	 
	2.	 	Party A is an existing wholly foreign-owned enterprise lawfully registered within the
People’s Republic of China;
	 
	3.	 	Beijing NetQin Technology Co., Ltd. (hereinafter referred to as “NetQin Technology”) is a
liability limited company registered within China;
	 
	4	 	Party B are shareholders of NetQin Technology (hereinafter referred to as “pledgers”), in
which Lin Yu holds 52% equities, Zhou Xu 33.25%, and Shi Wenyong 14.7%;
	 
	5.	 	Both Party A and Party B have executed an exclusive consulting services agreement, an equity
disposition agreement, and a business operation agreement with NetQin Technology on June 5th,
2007;
	 
	6.	 	In order to ensure that Party A can regularly collect service fees under the exclusive
consulting services agreement from NetQin Technology owned by Party B, and ensure the
performance of the equity disposition agreement and business operation agreement, the
pledgers, jointly and severally, pledge all their equity interests in NetQin Technology as the
pledge guarantee for aforesaid agreements, with Party A as the pledgee.

15

 

Therefore, both parties hereto after friendly negotiation reached the following agreement for
mutual observation in line with the principles of equality and reciprocity:

	1.	 	The Parties hereby agree that, to the extent of practicable and in accordance with laws and
regulations, each of they will apply for pledge registration in relevant government
authorities. All parties shall cooperate and assist each other, including without limitation
to executing necessary documents, in order to make sure the equity pledges are all legally and
effective.
	 
	2.	 	Party A and Party B shall share the cost and expense of applying equity interest pledge
registration, at 50% to 50%.
	 
	3.	 	The other provisions in the Original Agreement shall remain effective.
	 
	4.	 	If either party breaches this Supplemental Agreement and causes losses of the non-breaching
party, the breaching party shall compensate the actual losses of the non-breaching party.
	 
	5.	 	This Supplemental Agreement shall become effective upon signing.
	 
	6.	 	This Agreement is made in quadruplicate in Chinese.

16

 

[No text in this page, which is the endorsement page of the Supplemental Agreement]

	 	 	 	 	 
	Party A: NetQin Mobile (Beijing) Technology Co., Ltd.

(Company Seal)

Authorized Representative:

 	 	 
	 	 	 
	/s/ Lin Yu
 	 	 
	Lin Yu 	 	 
	 
	Party B:

Lin Yu

 	 	 
	/s/ Lin Yu
 	 	 
	 	 	 
	 
	Zhou Xu

 	 	 
	/s/ Zhou Xu
 	 	 
	 	 	 
	 
	Shi Wenyong

 	 	 
	/s/ Shi Wenyong
 	 	 
	 	 	 
	 	 	 
	 

17

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