Document:

English Translation of Business Operation Agreement among PW Software, PW Litera

 Exhibit 4.41 
 English Translation 
 Business Operation Agreement 
 THIS BUSINESS OPERATION AGREEMENT (“this Agreement”) is entered into by and among the parties below (“the Parties”) in Beijing, China on
June 25, 2008. 
 Party A: 
 Beijing Perfect
World Software Co., Ltd. 
 Address: 
 8F,
Huakong Building, 1# Shangdi East Road, Haidian District, Beijing 
 Party B: 
 Beijing Huanxiang Zongheng Network Technology Co., Ltd. 
 Address: 
 E701, Yingchuang Dongli, 1# Shangdi East Road, Haidian District 
 Party C: 
 Yufeng Chi 
 ID Number:

 110108197109148935 
 Party D: 
 Qi Zhu 
 ID Number: 
 110101197208063019 
 WHEREAS: 
 1. Party A is a wholly foreign-owned enterprise incorporated and existing under the laws of the People’s Republic of China (hereinafter referred to as
“China”); 
 2. Party B is a limited liability company incorporated and registered under Chinese laws, which is engaged in Internet-based
information services; 
 3. Party A and Party B have established the business relationship by signing the Exclusive Technology Consulting and Service
Agreement and other agreements on June 25, 2008. Under these agreements, Party B shall make payments to Party A. Thus, Party B’s daily business activities will have a material influence on its ability of making payments to Party A; and

 4. Party C and Party D are Party B’s shareholders (“Party B’s Shareholders”). Each of Party C and Party D holds 50% equity interests
in Party B, respectively. 
 NOW, THEREFORE, through friendly negotiations and abiding by the principle of equality and mutual benefit, the Parties hereby
agree as follows: 
 1. Prohibitions 
 In order to
ensure that Party B performs the agreements signed with Party A as well as the obligations towards Party A, Party B’s Shareholders hereby acknowledge and agree that without the prior written consent of Party A or other party as designated by
Party A, 

 
Party B will not be engaged in any transaction as may substantially influence its assets, business, personnel, obligations, rights or operations as confirmed
by Party A, including, but not limited to, the following: 
 1.1 Engage in any activity beyond its normal business scope; 
 1.2 Get a single loan of over RMB 400,000 from any third party or assume any debt of over RMB 400,000; 
 1.3 Change or dismiss any of its directors or remove and replace any of its officers; 
 1.4 Sell or acquire assets or rights to or from any third party, including, but not limited to, any intellectual property rights; 
 1.5 Provide a guarantee for any third party through its assets or intellectual property rights or any other form of guarantee or set any encumbrance on
its assets; 
 1.6 Amend its articles of association or change its business scope; 
 1.7 Change its normal business procedures or amend any of its important rules and regulations; or 
 1.8 Transfer its rights and obligations under this Agreement to any third party. 
 2. Operations, Management and Personnel Arrangement 
 2.1 Party B and Party B’s Shareholders
hereby agree to accept and comply with the advices raised by Party A from time to time regarding Party B’s employment and dismissal of employees, daily operations, management and financial management system. 
 2.2 Party B and Party B’s Shareholders hereby agree that Party B’s Shareholders will elect the nominees designated by Party A as Party B’s
directors in accordance with the procedures specified by laws, regulations and articles of association, and assure that such directors will elect the nominee recommended by Party A as Party B’s chairman of the board and appoint the personnel
nominated by Party A as Party B’s general manager, chief financial officer and other officers. 
 2.3 Where any of the above directors
or officers designated by Party A no longer serves Party A (whether he/she resigns or is dismissed by Party A), he/she will be bereft of the qualification of any position at Party B. In this case, Party B’ Shareholders will elect another person
designated by Party A to fill this vacancy. 
 2.4 For the purpose of Article 2.3 hereof, Party B’s Shareholders will take any and all
necessary internal and external procedures to fulfill the foregoing dismissal and employment in accordance with laws, articles of association and this Agreement. 
 2.5 Party B’s Shareholders hereby agree to sign the power of attorney in Exhibit 1 attached hereto while this Agreement is signed. According to this power of attorney, Party B’s Shareholders will irrevocably
authorize Party A’s designee to exercise their shareholder’s rights and also to exercise all voting rights of Party B’s Shareholders at Party B’s shareholders’ general meetings. Party B’s Shareholders further agree to
replace the authorized person in the power of attorney hereof upon request by Party A from time to time. 

 3. Other Provisions 
 3.1 Upon termination or expiry of any agreement between Party A and Party B, Party A shall be entitled to decide whether or not to terminate all other agreements between them, including, without limitation, Exclusive
Technology Consulting and Service Agreement. 
 3.2 Considering that Party A and Party B have established a business relationship by signing
the Exclusive Technology Consulting and Service Agreement and other agreements, Party B’s daily business activities will have a material influence on its ability of making payments to Party A. Party B’s Shareholders agree that to the
extent permitted by Chinese policies as well as relevant laws and regulations, all dividends or other earnings or interests (in whatsoever forms) obtained by them from Party B in the capacity of Party B’s shareholders shall be forthwith paid or
transferred, when realized, to Party A without any additional conditions. 
 4. Entirety and Amendments 
 4.1 This Agreement, along with all agreements and/or documents stated or contemplated herein, constitutes the entire agreement among the Parties with
respect to the subject matter hereof and supersedes all prior agreements, contracts, understandings and communications among the Parties with respect to the subject matter hereof, whether oral or written. 
 4.2 This Agreement may be amended by a written instrument signed by the Parties. All amendments and supplements to this Agreement duly signed by the
Parties shall form an integral part of this Agreement and shall have the same legal effect as this Agreement. 
 5. Applicable Law 
 The execution, validity, performance and interpretation of and settlement of disputes in connection with this Agreement shall be governed and construed by the Chinese
laws. 
 6. Settlement of Disputes 
 6.1
Any dispute arising in connection with the interpretation and performance of the provisions under this Agreement shall be settled by the Parties in good faith and through amicable negotiations. In case no settlement can be reached, either party may
submit such dispute to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in accordance with CIETAC’s arbitration rules then in effect. The seat of arbitration shall be Beijing and language of
proceedings shall be Chinese. The arbitral award shall be final and binding upon the Parties. 
 6.2 Except for the matters involved in a
dispute, the Parties shall continue to perform their respective obligations under this Agreement in good faith. 
 7. Notices 
 Any notice required to be made by the Parties when performing the rights and obligations under this Agreement shall be in writing and delivered to the following
addressees by personal delivery, registered or certified mail (postage prepaid), recognized courier service or fax: 
 Party A: 
 Beijing Perfect World Software Co., Ltd. 
 Address:

 8F, Huakong Building, 1# Shangdi East Road, Haidian District, Beijing 

 Fax: 
 010-58851012 
 Tel.: 
 010-58858256

 Attention: 
 Xinguang Yan 
 Party B: 
 Beijing Huanxiang Zongheng Network Technology Co.,
Ltd. 
 Address: 
 E701, Yingchuang Dongli, 1#
Shangdi East Road, Haidian District 
 Fax: 
 58859055 
 Tel.: 
 58859059 

Postal code: 
 100085 
 Attention: 
 Daning Guo 
 Email: 
 guodaning@wanmei.com 
 Party C: 
 Yufeng Chi 
 Address: 
 8F, Huakong Building, 1# Shangdi East Road,
Haidian District 
 Fax: 
 58851012 

Tel.: 
 58858555 
 Party D: 
 Qi Zhu 
 Address: 
 8F, Huakong Building, 1# Shangdi East Road,
Haidian District 
 Fax: 
 58851012 

Tel.: 
 58858555 
 8. Effectiveness, Term and Miscellaneous 
 8.1 Party
A’s written consent, advice and designation and other decisions having a significant impact upon Party B’s daily operations under this Agreement shall be subject to the Board of Directors of Party A. 
 8.2 This Agreement shall be signed by the Parties and come into effect as of the date first above written. The valid term of this Agreement shall be from
the signing date of this Agreement to June 24, 2028. 
 8.3 Within the valid term of this Agreement, Party B and Party B’s
Shareholders shall not terminate this Agreement prematurely. Party A is entitled to terminate this Agreement at any time by giving a written notice 30 days in advance to Party B and Party B’s Shareholders. 

 8.4 Should any provision of this Agreement be held illegal or unenforceable by applicable law, such
provision shall be deemed deleted from this Agreement and become invalid, but all other provisions of this Agreement shall remain in full fore and effect. It shall be deemed that such deleted provision is not incorporated herein from the very
beginning. The Parties shall negotiate to replace such deleted provision with a legal and valid provision accepted by the Parties. 
 8.5 No
failure on the part of either party in exercising any right, power or privilege under this Agreement shall be treated as a waiver thereof, nor does any single or partial exercise preclude the exercise of any other right, power or privilege.

 8.6 Party A and Party B hereby agree and acknowledge that this Agreement represents the restatement of and conclusive provisions regarding
the subject matter hereof and, as from the effective date of this Agreement, substitutes the agreements in connection with the subject matter hereof as concluded by both parties before June 25, 2008. 
 IN WITNESS WHEREOF, all the parties hereto have caused this Agreement to be executed by their duly authorized representatives as of the day and the year first above
written. 

 (signature page, no text below) 
 Party A: Beijing Perfect World Software Co., Ltd. (seal) 
 [Seal: Beijing Perfect World Software Co., Ltd.] 
 Authorized Representative 
 Party B: Beijing Huanxiang Zongheng Network
Technology Co., Ltd. (seal) 
 [Seal: Beijing Perfect World Network Technology Co., Ltd.] 
 Authorized Representative 
  

	
	 Party C: Yufeng Chi (signature)

	
	 /s/    Yufeng Chi

  

	
	 Party D: Qi Zhu (signature)

	
	 /s/    Qi ZhuEnglish Translation of Call Option Agreement among PW Software, PW Literature,

 Exhibit 4.42 
 English Translation 
 Call Option Agreement 
 THIS CALL OPTION AGREEMENT (“this Agreement”) is entered into by and among the parties below (“the Parties”) in Beijing on June 25, 2008.

 Party A: Beijing Perfect World Software Co., Ltd. 
 Address:
8F, Huakong Building, 1# Shangdi East Road, Haidian District, Beijing 
 Party B: Beijing Huanxiang Zongheng Network Technology Co., Ltd. 
 Address: E701, Yingchuang Dongli, 1# Shangdi East Road, Haidian District 
 Party C: Yufeng Chi 
 ID Number: 110108197109148935 
 Party D: Qi Zhu 
 ID Number: 110101197208063019 
 WHEREAS: 
 (1) Party C and Party D are Party B’s shareholders and hold 50% and 50% of the equities of Party B respectively; 

(2) Party A is a wholly foreign-owned enterprise incorporated and existing under the Chinese laws and provides technology support, technology consultancy and other
related services for Party B. Currently, Party A has become an important partner of Party B; and 
 (3) Party C and Party D intend to grant to Party A the
exclusive option to purchase all or part of the equities of Party C and Party D in Party B at any time without violating Chinese legal requirements. 
 Pursuant to the relevant laws and regulations of the People’s Republic of China, the Parties, abiding by the principles of sincere cooperation, equality, mutual benefit and joint development and through friendly negotiations, hereby
agree as follows: 
 Article 1 Definitions 
 In this Agreement, the following terms shall have the following meanings: 
 1.1 Agreement means this Agreement, along with its annexes attached
hereto and the written amendments to this Agreement as may be signed by the Parties from time to time. 
 1.2 China means the People’s Republic of
China, and for the purpose of this Agreement, excludes Hong Kong, Taiwan and Macao. 
 1.3 Date means the year, month and day. The terms “within...
(figure)” and “no later than... (figure)” in this Agreement shall include these figures. 

 Article 2 Grant and Exercise of Call Option 
 2.1 The Parties agree that Party A has the exclusive option to purchase at any time all or part of the equities of Party C and/or Party D in Party B according to the
provisions of this Agreement. This option may be exercised by Party A or the qualified entity designated by Party A. This option is granted to Party A once this Agreement is signed by the Parties and such granting shall not be revoked within the
valid term of this Agreement once it is made. 
 2.2 The call option shall be exercised only when the following conditions are satisfied: the holding by
Party A (or by the qualified entity designated by Party A) of Party B’s equity does not violate applicable Chinese laws and regulations. 
 2.3 In order
to exercise call option, Party A shall give a written notice (“Exercise Notice”) to Party C or Party D, which indicates its intention of exercising call option according to the provisions of this Agreement as well as the quantity of the
equity to be purchased. 
 2.4 Within thirty days after receiving the Exercise Notice, Party C and/or Party D, as the case may be, shall sign with Party A or
the qualified entity designated by Party A the equity transfer contract consistent with the Exercise Notice, along with the other documents relating to transfer (collectively “Transfer Documents”). 
 2.5 To the extent permitted by law, when Party A decides to exercise call option, Party B, Party C and Party D shall unconditionally assist Party A in handling all
examination, approval, license, registration and filing procedures necessary for the transfer. 
 Article 3 Exercise Price 

Unless evaluation is required by law, the purchase price of all the equity to be purchased shall be: (1) RMB 10,000; or (2) the lowest price permitted by
law (whichever is higher). If Party A purchases part of Party B’s equity, the exercise price shall be adjusted on the basis of the ratio of the proposed equity to all the equity. 
 Party C and Party D agree that to the extent permitted by related Chinese policies, laws and regulations, all exercise prices obtained by the authorizer when Party A exercises call option will be given to Party B
without compensation. 
 Article 4 Representations and Warranties 
 4.1 Each party hereby represents and warrants to the other parties that: 
 (1) It has the full right,
capacity and authority necessary to execute this Agreement and perform all the obligations and liabilities under this Agreement; 
 (2) The
execution or performance of this Agreement does not violate any significant contract or agreement to which it is a party or any significant contract or agreement which binds upon it or its assets. 
 4.2 Party B, Party C and Party D severally and jointly represent and warrant to Party A that: 
 (1) On the effective date of this Agreement, Party C and Party D lawfully own the equity of Party B and have the full and valid right of disposal over
such equity (except the limitations under Chinese laws and regulations). Except for the pledge arrangement as mentioned in the Equity Pledge Agreement signed by the Parties as of June 25, 2008, Party B’s equity owned by Party C and Party D
is free and clear of any other pledge, third-party interests or third-party recourse. 

 (2) Within the valid term of this Agreement, without Party A’s written consent, Party C and Party D
shall not transfer their equities in Party B to any third party. 
 (3) Within the valid term of this Agreement, Party B’s business
activities comply with the laws, regulations, decrees as well as the administrative rules and guidelines promulgated by other relevant Chinese administrative authorities and have no violations of the above requirements, which have a material adverse
influence upon Party B’s business activities or assets. 
 (5) Before Party A (or the qualified entity designated by it) exercises call
option and obtains all of Party B’s equity, Party B shall not: 
 (a) make supplements, modifications or amendments to its articles of
association in any way or manner whatsoever, which will materially influence Party B’s assets, liabilities, operations, equity and other lawful rights (except pro-rata capital increases to meet legal requirements); 
 (b) engage in any transaction that will materially influence Party B’s assets, liabilities, operations, equity and other lawful rights (except those
occurring in its normal or ongoing course of business or disclosed to Party A and consented to by Party A in writing); 
 (c) cause its
shareholders’ general meeting to adopt the resolutions on dividend distribution; 
 (d) sell, transfer, mortgage or otherwise dispose of
the lawful or beneficial interests of any of its assets, businesses or income or allow them to be set with any other security interest (except those occurring in its normal or ongoing course of business or disclosed to Party A and consented to by
Party A in writing); 
 (e) without Party A’s prior written consent, inherit, guarantee or permit any debts, except the debts which:
(i) occur in the normal or ongoing course of business instead of borrowings; and (ii) are disclosed to Party A and consented to by Party A in writing; 
 (f) without Party A’s prior written consent, sign any significant contract, however, except for the contracts signed in the normal course of business (in this paragraph, a contract with a value exceeding RMB
100,000 is deemed as a significant contract); 
 (g) without Party A’s prior written consent, make a merger or consolidation with any
person or acquire any person or invest in any person; 
 (6) Before Party A (or the qualified entity designated by it) exercises call option
and obtains all of Party B’s equity, Party C and Party D shall jointly or severally: 
 (a) forthwith inform Party A of all lawsuits,
arbitrations or proceedings that have occurred or are likely to occur with respect to the equities owned by both of them; 
 (b) cause Party
B’s shareholders’ general meeting to approve the transfer of the equity to be purchased contemplated herein by voting; cause Party B to amend its articles of association so as to reflect the transfer of the shares or equities from Party C
and Party D to Party A or Party A’s designee as well as the other changes as set out herein and immediately handle change registration procedures with Chinese competent authorities; cause Party B’s shareholders’ general meeting to
adopt the resolution on appointing the person designated by Party A or Party A’s designee as new director and/or new legal representative; 
 (c) In order to maintain their ownership over the equity, sign all documents, take all actions and bring all complaints or make defenses against all claims, which are necessary or appropriate; 

 (d) To the extent permitted by relevant laws and regulations, upon request by Party A, promptly and
unconditionally transfer their respective equities to Party A or its representative at any time and waive their rights of first refusal with respect to the equity transfer by the other existing shareholder; 
 (e) fully comply with this Agreement and the other agreements signed by Party B and Party A jointly or severally, fully perform the obligations under
these agreements and be free of any action or inaction which will affect the validity and enforceability of these agreements; 
 (7) within
the valid term of this Agreement, unless otherwise specified herein or consented to by Party A in writing, Party C and Party D will jointly and severally cause Party B to: 
 (a) Based on good financial and commercial standards and practices, maintain its existence, prudently and effectively deal with its businesses and affairs and make its best efforts to ensure that it continuously has
the permits, licenses and approvals necessary for its business operations and that these permits, licenses and approvals are not cancelled; 
 (b) without Party A’s prior written consent, not seek a settlement or waive or change its request or other rights in any lawsuit; 
 (c) make its best efforts to keep its existing organization structure and continue maintaining its relations with customers so as to assure that Party B’s goodwill and operations are not materially influenced after equity transfer;

 (d) without Party A’s prior written consent, not provide loans or credits for any person; 
 (e) without Party A’s prior written consent, not make a merger or consolidation with any third party, acquire the assets or businesses of any third
party, invest in any third party or transfer its assets or other rights to any third party; 
 (f) If Party A exercises call option according
to the provisions of this Agreement, make its best efforts to obtain all government approvals and other consents (if any) necessary for equity transfer as early as possible. 
 Article 5 Other Provisions 
 To the extent permitted by applicable laws, Party C and Party D
will extend Party B’s operation term depending on Party A’s approved operation term so as to be consistent with Party A’s operation term. 
 Article 6 Confidentiality 
 Each party hereto shall keep the contents of this Agreement confidential and without the
prior consent of the other Parties, not disclose to any other person or release the contents of this Agreement, provided, however, that this obligation does not apply to any information which is: (i) disclosed under requirement of relevant laws
and regulations; (ii) already publicly available other than through the fault of the disclosing party; (iii) disclosed to such party’s shareholder, legal adviser, accountant, financial consultant or other professional consultants; or
(iv) disclosed to the potential buyer of equity of such party or its shareholder or other investors, debt or equity financier, which shall make appropriate confidentiality commitments (also subject to Party A’s consent if transferor is not
Party A). 
 Article 7 Applicable Law and Defaulting Liability 
 The formation, validity, interpretation and performance of and settlement of disputes in connection with this Agreement shall be governed by the laws of the People’s Republic of China. 

 If any of the Parties violates the provisions of this Agreement and fails to fully perform this Agreement, or makes any
false representation or warranty in this Agreement, or conceals or omits any significant fact, or does not perform its warranty, it shall be deemed to be in breach of this Agreement. The breaching party shall under take the corresponding defaulting
liability in accordance with law. 
 Article 8 Settlement of Disputes 
 8.1 Any dispute arising from or out of the performance of this Agreement shall be settled by the Parties through friendly negotiations. In case no settlement can be reached, such dispute may be submitted for
arbitration. 
 8.2 The dispute will be submitted to Beijing Arbitration Commission (“the Commission”) for arbitration in Beijing in accordance
with the Commission’s arbitration rules then in effect. 
 8.3 The arbitral award shall be final and binding upon the Parties hereto. Arbitration costs
(including, but not limited to, arbitration expenses and lawyer’s fee) shall be borne by the losing party, unless otherwise specified in the award. 
 Article 9 Effectiveness 
 This Agreement shall come into effect after it is signed by the Parties until June 24,
2028. 
 Notwithstanding the foregoing provision, Party A may terminate this Agreement by giving a notice 30 days in advance to the other parties. No other
party may terminate this Agreement if the Parties do not reach a unanimous consent through negotiations. 
 Article 10 Amendments

 The Parties shall perform all the provisions of this Agreement once it becomes effective. Any amendment to this Agreement shall be subject to the
negotiations of the Parties and made by a written instrument signed by the Parties after obtaining necessary authorizations and approvals. 
 Article 11 Counterparts 
 This Agreement is executed in four originals, with each of Party A, Party B, Party C and Party D holding one
original. 
 Article 12 Supplementary Provisions 
 12.1 Party C and Party D shall undertake the joint and several obligations, commitments and liabilities towards Party A under this Agreement. As far as Party A is concerned, the breach by Party C or Party D shall also constitute a breach by
the other party. 
 12.2 The headings in this Agreement are inserted for convenience of reference only and are not deemed to limit the applicability or
affect the meaning of any of its provisions. 
 12.3 Party A and Party B hereby agree and acknowledge that this Agreement represents the restatement of and
conclusive provisions regarding the subject matter hereof and, as from the effective date of this Agreement, substitutes the agreements in connection with the subject matter hereof as concluded by the parties before June 25, 2008. 

 12.4 In case of anything not covered herein, the Parties may sign a supplementary agreement, which is annexed to and has
the same legal effect as this Agreement. 
 (No text below) 

 (Signature page, no text below) 
 Beijing Perfect World Software Co., Ltd. (seal) 
 [Seal: Beijing Perfect World Software Co., Ltd.] 
 Authorized representative (signature) 
 Beijing Huanxiang Zongheng Network
Technology Co., Ltd. (seal) 
 [Seal: Beijing Huanxiang Zongheng Network Technology Co., Ltd.] 
 Authorized representative (signature) 
  

	
	Yufeng Chi (signature)
	
	 /s/    Yufeng Chi

  

	
	Qi Zhu (signature)
	
	 /s/    Qi Zhu

 June 25, 2008

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