Document:

English translation of Agreement for the Sale and Purchase of Shanghai Chuwen

 Exhibit 4.3 
 [SHANGHAI PU DONG LAW OFFICE; TENTH DRAFT AS OF 20TH OCTOBER 2007] 
 EQUITY TRANSFER AGREEMENT 

BY AND BETWEEN 
 LI WENYONG AND HOU BIN

 (As the Transferors) 
 AND

 Home Inns & Hotels Management (Shanghai) Inc. 
 (As the Transferee) 
 With Respect to the Transfer of 100% Equities of 
 Chuwen Investment (Shanghai) Holdings Co., Ltd. 
 

 
 Dated: 21st October 2007 
  

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 This Equity Transfer Agreement (hereinafter
referred to as “The Agreement”) is made and entered in Shanghai, People’s Republic of China (“PRC”) on the 21st day of
October in 2007 by and between the parties referred to below. 
 WHEREAS, 
  

	(A)	LI Wenyong, a natural person of Chinese nationality, holding a Chinese ID Card numbered 310106620622121 and residing in No. 29, Lane 333, Wukang Road, Shanghai,
People’s Republic of China; HOU Bin, a natural person of Chinese nationality, holding a Chinese ID Card numbered 310107196003165012 and residing in Room 301, No. 18, Lane 1028, Changshou Road, Putou District, Shanghai, PRC
(collectively referred to as “the First Party”); and 

  

	(B)	Home Inns & Hotels Management (Shanghai) Inc., a corporation duly organized and existing under the laws of the People’s Republic of China, with its legal
address at No. 462, Shangzhong Road, Shanghai, PRC (hereinafter referred to as “the Second Party”). 

 WHEREAS, Chuwen Investment (Shanghai) Holdings Co., Ltd. 

 referred to in this Agreement is a limited liability company (LLC) duly incorporated and exists under the laws of the People’s Republic of China, with its registered address at No. 923, Zhong Shan
South No. 2 Road, Shanghai, PRC (hereinafter referred to as “the Company”). (The First Party and the Second Party are collectively referred to as the “Parties” and each is individually referred to as a
“Party”).  
  

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	1.	GENERAL PROVISIONS 

  

	 	1.1	PREAMBLE 

  

	 	(a)	The Company shall currently take the form of a limited liability company (a domestic joint venture). The registered capital of the Company is ONE HUNDRED MILLION RENMINBI
(RMB100,000,000.00), of which NINETY MILLION RENMINBI (RMB90,000,000.00) has been contributed by LI Wenyong in the form of cash (representing ninety percent (90%) of the total registered capital) and TEN MILLION RENMINBI (RMB10,000,000.00) has
been contributed by HOU Bin in the form of cash (representing ten percent (10%) of the total registered capital). The capital contributions of the Parties referred to above have been made in full and attested by the Certified Public Accountant
(CPA). 

  

	 	(b)	The Company is currently holding twenty percent (20%) of the equities of Shanghai Top Star Hotel Management Co., Ltd. (hereinafter referred to as “Top Star”), one
hundred percent (100%) of the equities of Nanning Top Star Hotel Management Co., Ltd. (hereinafter referred to as “Nanning Top Star”), ninety-five percent (95%) of Chengdu Top Star Hotel – Mareka Hotel Management Limited
Liability Company (hereinafter referred to as “Chengdu Top Star”), and ninety percent (90%) of the equities of Wen Lai Investment Management (Shanghai) Co., Ltd. (hereinafter referred to as “Shanghai Wen Lai”). In addition,
the Company is planning to invest in the establishment of Guoding Top Star Hotel (Shanghai) Co., Ltd. (hereinafter referred to as “Shanghai Guoding Top Star”). (Except for Shanghai Wen Lai, the other four (4) companies are
collectively referred to as the “Subsidiaries”). 

  

	 	(c)	As of October 10, 2007, Top Star has a total of twenty (20) branches. Except for its Shenzhen branch, the other nineteen (19) branches are currently operating
nineteen (19) “Top Star Hotels”. As of                      (Month)
             (Day), 2007, two of the branch stores (respectively located at Yan An Road (West) of Shanghai and the People’s Square of Changzhou) have not yet obtained the
business licenses (the twenty branches and the two branch stores are collectively referred to as “Branch Offices”). 

  

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	 	(d)	The First Party agrees to sell to the Second Party the equities (hereinafter referred to as “Equities”) corresponding to one hundred percent (100%) of the total
registered capital of the Company held by the First Party in accordance with the terms and conditions set out in the Agreement. Additionally, the Second Party has agreed to purchase the Equities. 

  

	 	(e)	As of August 31, 2007, the Company has not yet repaid Shanghai Chang Bai Real Estate Development Co., Ltd. 

 the debts in the amount of TWO HUNDRED AND TWENTY MILLION AND SIX HUNDRED THOUSAND RENMINBI (RMB220,600,000.00) (hereinafter referred to as “Loans”). 

  

	 	1.2	TITLE 

 The title of this Agreement
is provided herein for reference only and does not affect the interpretation of this Agreement. 
  

	2.	EQUITY TRANSFER 

  

	 	2.1	EQUITY TRANSFER 

 Pursuant to the
terms and conditions of this Agreement, the Second Party shall purchase the Equities from the First Party as of the Transaction Date (as defined hereunder). The transfer of Equities to the Second Party by the First Party herein is hereinafter
referred to as “Equity Transfer”. 
  

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	 	2.2	OWNERSHIP 

 Upon obtaining the new
business license with the Second Party recorded as the investor of the Company, the Second Party shall own one hundred percent (100%) of the Equities of the Company. 
  

	3.	PURCHASE PRICE AND PAYMENT 

  

	 	3.1	EQUITY PURCHASE PRICE 

 The total
purchase price for the transfer of equities from the First Party to the Second Party is ONE MILLION RENMINBI (RMB1,000,000.00) (hereinafter referred to as the “Purchase Price”). The Second Party shall pay the First Party the
Purchase Price through telegraphic transfer. 
 The Parties shall agree and arrive at the Purchase Price in consideration of
the consensus on and agreements for the net asset valuation of the Company. 
 The Second Party agrees that, upon the recall
of all the Company’s debt claims from Tuofeng Advertising (Shanghai) Co., Ltd. 

 by the Company, the Company upon the acquisition of the Company by the Second Party shall continue to repay the Company’s Loans to Shanghai Chang Bai Real Estate Development Co., Ltd. 

. 
  

	 	3.2	PAYMENT 

 The Second Party shall, in
accordance with the time schedule and the method(s) referred to below, pay the First Party the Purchase Price: 
 The Second
Party shall, after the completion of Equity Transfer in the Company on the first working day, pay the First Party ONE MILLION RENMINBI (RMB1,000,000.00); 
  

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 The First Party’s receiving bank account is subject to the First Party’s
written notification to the Second Party. 
 The First Party shall, upon each payment by the Second Party, issue a receipt to
the Second Party to confirm the receipt of the payment. 
  

	 	3.3	LOAN REPAYMENT 

 The Second Party
guarantees that, upon the completion of the transaction, the Company shall repay its Loans to Shanghai Chang Bai Real Estate Development Co., Ltd. 

 in accordance with the conditions and procedures set out below: 
  

	 	(a)	On the first working day upon the completion of the Equity Transfer (subject to the new business license), the Company shall repay the Loans in the amount of THIRTY-FOUR MILLION
RENMINBI (RMB34,000,000.00) to Shanghai Chang Bai Real Estate Development Co., Ltd. 

; 

  

	 	(b)	Upon the completion of the Company’s Equity Transfer, and upon the recall of all the Company’s debt claims from Tuofeng Advertising (Shanghai) Co., Ltd. 

 by the Company and Top Star, the Company shall, not later than November 30, 2007, repay the remaining Loans to Shanghai Chang Bai Real Estate Development Co., Ltd. 

. (If the two preceding conditions have not been satisfied by November 30, 2007, the remaining Loans shall be repaid until the two aforesaid conditions are satisfied.) 

  

	 	3.4	FEES 

 All the taxes and fees
imposed on equity transfer within the PRC by the relevant Chinese government authorities shall be 

  

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borne by the paying party of the said taxes and fees pursuant to the laws and regulations officially promulgated by the PRC. Nonetheless, any taxes and fees
not stipulated in the laws and regulations shall be equally borne by both parties hereto. If one party has already paid taxes or fees which shall be payable by the other party pursuant to the laws, the other party which shall pay the said taxes or
fees as set forth in the applicable laws and regulations shall, upon receipt of a written notice from the party who has already paid the taxes or fees on behalf of the other party, forthwith repay the party who has already paid the taxes or fees the
amount accordingly. 
 Pursuant to the current “Individual Income Tax Law”, the Second Party is responsible for
withholding and collecting individual income taxes for the First Party resulting from Equity Transfer. Accordingly, both parties hereto agree that the amount of individual income taxes withheld and collected by the Second Party for the First Party
shall be deducted from the Purchase Price to be paid by the Second Party to the First Party. 
  

	4.	CONDITIONS PRECEDENT 

  

	 	4.1	Prior to the completion of the transaction, the First Party shall ensure that the matters referred to below have been completed: 

  

	 	(a)	All the directors and legal representative(s) originally holding the relevant posts in the Company on behalf of the First Party have resigned, and have been replaced by persons
designated by the Second Party, unless the Second Party agrees that the relevant personnel originally taking up the posts may continue to hold such posts. 

  

	 	(b)	The Company has issued a written confirmation to confirm that no significant adverse changes have occurred to the Company and to any of its Subsidiaries as from the signing date to
the transaction completion date. 

  

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	 	(c)	The First Party, on that day upon the completion of the transaction and prior to the transaction, has not violated its representations, warranties or covenants under this Agreement.

  

	 	(d)	The First Party guarantees that it shall obtain the written confirmation from Shanghai Chang Bai Real Estate Development Co., Ltd. 

 for the consent of Shanghai Chang Bai Real Estate Development Co., Ltd. 

 to the Company’s repayment of the Loans thereto in accordance with the time and the method set out in Article 3.3 of this Agreement together with the exemption of interests to be borne by the Company as from
the loan date to the date on which the Loans are repaid. 

  

	 	4.2	Prior to the Transaction, the Second Party shall ensure that the matters referred to below have been completed: 

  

	 	(a)	The Second Party, on that day upon the completion of the transaction and prior to the transaction, has not been in breach of its representations, warranties or covenants under this
Agreement. 

  

	5.	REPRESENTATIONS AND WARRANTIES 

  

	 	5.1	REPRESENTATIONS AND WARRANTIES OF THE FIRST PARTY 

 The First Party hereby makes the representations and warranties to the Second Party as follows: 
  

	 	(a)	The Company and Top Star are duly registered and incorporated under the applicable laws and shall continue to be legal enterprises during the renewal period;

  

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	 	(b)	The First Party is entitled with all the rights and powers to sign this Agreement and has been granted with all the necessary authorisations; 

  

	 	(c)	Except for the holding of rights and interests in each of its Subsidiaries and Top Star, the Company is not holding any other business or investment; 

  

	 	(d)	Except for the conditions set out in this Agreement, no warranties, other rights or any warranty against defects of title or any claims for equities or assets are provided for the
equities to be sold by the First Party as well as the equities and the assets of Top Star; 

  

	 	(e)	The signing and the performance of this Agreement by the First Party have neither been constituted as a breach of any covenants, approval or obligations which have been made in
contracts or in other forms but not yet been performed, nor been constituted as violation to any currently effective and applicable laws and regulations or policies or Articles of Association of the Company; 

  

	 	(f)	The First Party, the Company and Top Star shall ensure the authenticity and accuracy of the conditions precedent set out above and ensure that the First Party, the Company and Top
Star shall indemnify the Second Party for any losses suffered by the Second Party within the scope stipulated by applicable laws due to the falseness and/or errors of the conditions precedent set out above; 

  

	 	(g)	 The Purchase Price set out in Article 3.1 of this Agreement is determined by considering the rights, interests and liabilities corresponding to the creditor’s
rights and debts of the Company and Top Star as of October 31, 2007; the liabilities occurred prior to October 31, 2007 but not yet presented on the due diligence report of the Certified Public Accountant Office shall be fully discharged
by the First Party through the Company and Top Star. Upon the completion of the 

  

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transaction, if the Company and Top Star shall be subject to any claims resulting from the liabilities not presented as set out above from a third party, the
First Party shall forthwith discharge the liabilities directly to the third party or fully indemnify the Company and Top Star accordingly; 

  

	 	(h)	The First Party shall ensure that all the construction fixtures and fittings projects of the Branch Offices and Branches of Top Star as well as the Subsidiaries have passed relevant
inspection of and acceptance by relevant authorities. Upon the completion of the transaction, the Second Party may directly engage in normal operations. If Top Star, or the Company or each of the Subsidiaries is subject to losses arising from the
quality problems of the fixtures and fittings projects, such problems shall be dealt with pursuant to the terms of warranty as set out in the fixtures and fittings projects. If losses remain upon the settlement in accordance with the terms of
warranty, both parties hereto agree that the remaining losses shall be handled in accordance with Annex D of the “equity transfer agreement” dated October 21, 2007 entered into and by Fu Gang International Co., Ltd. 

 and HOME INNS & HOTEL MANAGEMENT (HONG KONG) LTD. with LI Wenyong from the First Party acting as the guarantor; 

  

	 	(i)	The First Party shall bear any legal liability and/or economic liability occurred between the Company and Top Star prior to October 31, 2007 or any legal liability and/or
economic liability arising in connection with any matters thereof; 

  

	 	(j)	Prior to the completion of the transaction and thereafter, the First Party shall deliver to the Second Party and/or its attorney(s) all the data and files pertaining to the Company,
the Subsidiaries of the Company, Top Star, and the Branch Offices of Top Star upon reasonable request of the Second Party, in order to confirm that the representations, warranties and covenants set out above are true and correct and have been
properly observed; 

  

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	 	(k)	In the event that the First Party knows any conditions that may possibly lead to errors, lack of trueness, misleading issues or breach of any of the representations, warranties and
covenants set out above, or any conditions that may bring any adverse impact to the assets or liabilities of the Company, Top Star and/or the Branch Offices of Top Star, the First Party shall forthwith notify the Second Party of the aforesaid
conditions; 

  

	 	(l)	The First Party shall indemnify the Second Party for all the costs, expenses, losses or other liabilities incurred arising from the breach of any of the representations, warranties
and/or covenants as set out under this Agreement; 

  

	 	(m)	In consideration of total indemnity, the First Party shall indemnify the Second Party for any losses, damages, costs, expenses and/or claims suffered by the Second Party within the
scope provided by applicable laws due to the breach of any of the First Party’s representations, warranties and/or covenants or other articles set out under this Agreement; 

  

	 	(n)	In the event of any losses, liabilities, damages, costs, claims and/or expenses (including, but not limited to, compensation, fines, expenses or interests) directly or indirectly
incurred by the Second Party arising from any misrepresentation, misleading issues or breach of the “Warranties” made upon the commitment of the First Party and the Company to the Second Party as set out in Article 5 and in other articles
of this Agreement, the First Party and the Company shall be jointly and severally liable to all the losses suffered by the Second Party; 

  

	 	(o)	Upon the signing of this Agreement, the Company shall no longer hold ninety percent (90%) of the equities of SHANGHAI WEN LAI. 

  

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	 	5.2	REPRESENTATIONS AND WARRANTIES OF THE SECOND PARTY 

 The Second Party hereby makes representations and warranties to the First Party as follows: 
  

	 	(a)	The Second Party is entitled with all the rights and powers to sign this Agreement and has been granted with all the necessary authorisations; 

  

	 	(b)	The signing and the performance of this Agreement by the Second Party have neither been constituted as a breach of any covenants, approval or obligations made in contracts or other
forms, nor been constituted as violation to any currently effective and applicable laws, regulations or policies; 

  

	 	(c)	The Second Party guarantees that, upon the completion of the transaction, the Company shall discharge the Loans as set out in Article 3.3. of this Agreement;

  

	 	(d)	In the event that the Second Party knows any conditions that may possibly lead to errors, lack of trueness, misleading issues or breach of any of the representations, warranties and
covenants set out above, or any conditions that may bring an adverse impact on the assets or liabilities of the Company under acquisition, Top Star and/or the Branch Offices of Top Star, the Second Party shall forthwith notify the First Party of the
aforesaid conditions; 

  

	6.	ACTIONS TO BE TAKEN PRIOR TO THE COMPLETION OF THE TRANSACTION 

  

	 	6.1	APPROVAL 

 If examination and
approval are required, the First Party shall, within two (2) working days as from the date of signing this 

  

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Agreement, file an application for the approval of this Agreement and the Equity Transfer as set out in this Agreement with the People’s Government of
Xuhui District in Shanghai or any other examination and approval authority (hereinafter referred to as “the Examination and Approval Authority”). If no examination or approval is required, the First Party shall, within two
(2) working days as from the date of signing this Agreement, assist the Company in filing an application for registration of changes to shareholder(s), including changes to the shareholder(s), legal representative(s) and the members of the
Board of Directors of the Company as well as changes to the Articles of Association of the Company, with the Xuhui District Administration of Industry and Commerce. If any files are required to be provided by the Second Party, the Second Party shall
provide such accordingly. 
  

	 	6.2	CONDITIONS FOR COMPLIANCE 

 The
Parties hereto shall make their best endeavors to facilitate the performance of the conditions provided in Article 4 and Article 5 of this Agreement as well as the conditions stipulated to be performed by each of the Parties hereto in the other
method(s) by the Parties on the transaction date or prior to the completion of the transaction. Additionally, the Parties hereto shall not commit any act which does not comply with each of the obligations under this Agreement, or which hinders or
delays the completion of transaction under this Agreement. 
  

	7.	VALIDITY 

  

	 	7.1	EFFECTIVE DATE 

 This Agreement
shall take effect upon the stamping and the signing of this Agreement by both parties hereto or upon examination and approval of the Examination and Approval Authority (if required to be examined and approved pursuant to applicable laws of the PRC).
Notwithstanding anything contained herein, both parties hereto unanimously agree that, upon the 

  

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signing of this Agreement, each of the obligations to be performed prior to the effective date of this Agreement as provided in this Agreement is not legally
binding on both parties hereto. In the event of any violation to the obligations referred to above, the Parties hereto shall still bear the liability stipulated for the breach of this Agreement. 
  

	8.	COMMITMENT AND PROFIT DISTRIBUTION 

  

	 	8.1	COMMITMENT DATE 

 The transaction
under this Agreement shall be completed (hereinafter referred to “Transaction Completion”) on the date (hereinafter referred to as the “Transaction Completion Date”) on which the Second Party has obtained the new
business license with the Second Party recorded as the investor as set out in Article 6.1 of this Agreement. 
  

	 	8.2	PROFIT DISTRIBUTION 

 Unless
otherwise specified in this Agreement, the rights and obligations of the Company prior to October 31, 2007 (inclusively) shall be borne by the First Party whilst the rights and obligations of the Company after October 31, 2007
(exclusively) shall be borne by the Second Party. 
  

	 	8.3	TRANSFER OF OPERATING RIGHTS 

 The
First Party shall, as from November 1, 2007, transfer the operating rights of the Company to the Second Party. On the date of operating rights transfer, the Second Party shall undertake the transfer item by item as set out in the Checklist for
the Handover of Financial Information and Legal Information for Equity Acquisition (See Annex A). 
  

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	 	8.4	HANDOVER FORMALITIES 

 On
November 1, 2007, the First Party shall transfer to the Second Party all the books of accounts, negotiable instruments, archives, bank accounts, and the business license and the stamp(s) of the Company. In addition, the First Party shall, upon
request of the Second Party, cooperate with the Second Party in all the subsequent formalities pertaining to the change of ownership, including, but not limited to, the formality involving changes to the signature and the stamp(s) for the bank
account(s) of the Company. 
  

	 	8.5	COMPANY NAME 

 Upon the completion
of the transaction, the Second Party may by its own discretion decide whether any changes are to be made to the company name recorded on the business license of the Company and on other registration certificates of the Company. 
  

	9.	CONFIDENTIALITY 

  

	 	9.1	CONFIDENTIAL INFORMATION AND CONFIDENTIALITY OBLIGATIONS 

 Each of the Parties hereto hereby promises and agrees that the Parties hereto shall make sure that the affiliated companies, directors, officers, employees, agents and/or representatives of each of the Parties hereto
strictly keep any information under this Agreement as well as the information on the business, clients, finances or other matters of the other party (hereinafter referred to as “Confidential Information”) in strict confidentiality.
Additionally, without the prior written approval of the other party, the Parties hereto may neither use the Confidential Information for their own interests or the interests of the other party nor disclose the Confidential Information (excluding the
exceptions set out below) to a third party. 
  

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	 	9.2	EXCEPTIONS 

 Under the conditions
set out below, Article 9.1 of this Agreement does not apply to the Confidential Information: 
 (a) Where the disclosure of the Confidential
Information is required by a court of jurisdiction or a judicial organ, a government or a supervisory authority; 
 (b) Where the recipient or
its direct or indirect shareholder(s) is listed in the Stock Exchange, such disclosure is required by the rules of the said Stock Exchange(s); 
 (c) Where the Confidential Information has already been lawfully possessed by the recipient prior to the receipt of the Confidential Information from another party; or 
 (d) Where the Confidential Information is publicly known not resulting from the breach of this Article hereunder. 
  

	 	9.3	SURVIVAL 

 The obligations and
interests provided in this Article hereunder shall survive any expiration or termination of this Agreement. 
  

	10.	BREACH OF THE AGREEMENT AND THE COMPENSATION THEREFOR 

  

	 	10.1	If prior to December 31, 2007, FU GANG INTERNATIONAL CO., LTD. 

 is unable to clear up the particulars set out in Annex D of the “equity transfer agreement” dated October 21, 2007 entered into between FU GANG INTERNATIONAL CO., LTD. 

 and Home Inns & Hotel Management (Hong Kong) Ltd., with LI Wenyong from the First Party acting as the guarantor, the Second Party has the right to abandon the acquisition

  

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of the Subsidiaries or the Branches (If the Second Party abandons the acquisition of the Subsidiaries or the Branches, the First Party shall by itself bear
relevant costs; within twenty (20) working days as from the Second Party’s deciding to abandon the acquisition, the Second Party shall deregister the said Subsidiary or Branch and ensure that any debts of the said Subsidiary or Branch with
the Second Party do not involve with the Company) and is entitled to claim the losses incurred by the First Party, and to other measures that the Second Party may take. 

  

	 	10.2	If the Second Party is in breach of any terms under this Agreement, including, but not limited to, the failure to pay relevant costs to the First Party within the time period
stipulated in this Agreement, upon the consent of both parties hereto, the Second Party shall pay to the First Party a default penalty at a daily rate of THREE TEN-THOUSANDTHS (0.0003) for the outstanding amount to be settled. In addition to the
collection of the default penalty, the First Party has the right to request the Second Party to continue performance of this Agreement. 

  

	 	10.3	 In the event of significant adverse changes (amounting to an amount of RMB40,000,000.00 or above) to the operations of the Company, its Subsidiaries, Top Star or
Hong Kong Ai Jia Hotel Investment Co., Ltd. 

 arising from any significant event occurs to the Company, each of its Subsidiaries, Top Star or Hong Kong Ai Jia Hotel Investment Co., Ltd. 

 prior to the transfer of the operating rights as set out in Article 8.2 of this Agreement, the Second Party has the right to terminate this Agreement and is not required to pay a default penalty. Accordingly,
the First Party shall return to the Second Party the Purchase Price paid if the said significant adverse changes are caused by misrepresentations and/or false warranty of the First Party or 

  

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by misrepresentations and/or false warranty in the “equity transfer agreement” entered into and by Fu Gang International Co., Ltd. 

 and Home Inns & Hotel Management (Hong Kong) Ltd. as of October 21, 2007 with LI Wenyong from the First Party acting as the guarantor, the Second Party shall, regardless of whether the said
significant adverse changes occur prior to the completion of the transaction or thereafter, have the right to terminate this Agreement. The First Party shall return the Second Party the Purchase Price paid and pay a default penalty at an amount of
not lower than twenty percent (20%) of the Purchase Price until the default penalty paid has offset the actual economic losses suffered by the Second Party. 

  

	 	10.4	Under the existing provisions of this Agreement, the Parties hereto ensure that the other party may not, at present or at any moment thereafter, be subject to or bear any
liabilities, losses, damages or costs arising from any breach of the representations, warranties and covenants as provided under this Agreement. If the other party is subject to any liabilities, losses, damages or costs, the party concerned shall
compensate the other party in full and ensure that the other party shall not be liable for liabilities, losses, damages or costs. 

  

	 	10.5	If the liable party is unable to pay the compensation as provided in this Article hereunder within the time period designated by the other party, the liable party shall pay to the
other party a default penalty at a daily rate of THREE TEN-THOUSANDTHS (0.0003) for the amount owed until the payment is actually made. 

  

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	11.	OTHER PROVISIONS 

  

	 	11.1	NOTICE 

 Any notice or other
communication which shall be made by any party under this Agreement may be delivered to the address of the other party as set out below in person, or through an approved courier or by facsimile. Any party may, at any time and in accordance with the
provisions set out above, change its address by notifying the other party in writing. The time at which a notice or communication is deemed officially served shall be ascertained in accordance with the methods set out below: 
 (a) In person: The notice is deemed served on the date of actual receipt and delivery; 
 (b) Through courier: The notice is deemed served on the date indicated on the courier receipt; 
 (c) By facsimile: The notice is deemed served on the first working day upon successful delivery. 
 Notices to the First Party: 
 Received by: LI Wenyong 
 Address: No. 29, Lane 333, Wukang Road, Shanghai, People’s
Republic of China 
 Facsimile Number: 
 Telephone Number: 
  

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 Received by: HOU Bin 
 Address: Room 301, No. 18, Lane 1028, Changshou Road, Putou District, Shanghai, PRC 
 Facsimile Number: 
 Telephone Number: 
 Notices to the Second Party: 
 Received by: May Wu 
 Address: Lane 421, Changping Road, Jing’an District, Shanghai, China 
 Facsimile Number: 86-21-6271-6078

 Telephone Number: 86-21-3378-3009 
 Notices to the Company: 
 Prior to the Equity Transfer: 
 Received by: LI Wenyong 
 Address: No. 29, Lane 333, Wukang Road, Shanghai, People’s Republic of China 
 Facsimile Number: 
 Telephone Number: 
 After the Equity Transfer: 
 Received by: May Wu 
 Address: Lane 421, Changping Road, Jing’an District, Shanghai, China 
 Facsimile Number: 86-21-6271-6078

 Telephone Number: 86-21-3378-3009 
  

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	 	11.2	GOVERNING LAWS 

 The drafting, signing, validity,
interpretation and performance of this Agreement shall be governed by the laws which have been promulgated by the People’s Republic of China and which are publicly accessible. The interpretation of this Agreement shall be made pursuant to the
said governing laws. Nonetheless, with respect to any special matters not covered under the said governing laws, the generally accepted standards and principles of the International Commercial Law and international conventions shall apply.

  

	 	11.3	DISPUTE RESOLUTION 

 Any disputes pertaining to this
Agreement shall be handled in accordance with the terms set out below: 
  

	 	(a)	Any dispute or contradiction or claim resulting from or in connection with this Agreement or any breach, termination or voidance of this Agreement shall be first resolved by the
Parties through friendly consultation. 

  

	 	(b)	If the dispute has not been resolved within thirty (30) days upon the commencement of the negotiation, any party of the dispute may submit the dispute to the China
International Economic and Trade Arbitration Commission, Shanghai Commission for arbitration. 

  

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	 	(c)	The award on arbitration shall be final and binding upon the Parties hereto. The Parties agree that they shall be subject to the award on arbitration and perform this Agreement in
accordance with the award on arbitration. 

  

	 	(d)	The Parties shall bear arbitration fees as provided in the award on arbitration. 

  

	 	(e)	In the event that a dispute occurs and becomes the subject of friendly negotiation or arbitration, the Parties shall continue to exercise each of their respective rights and to
perform each of their other obligations, except for those in connection with the dispute. 

  

	 	11.4	ANNEX 

 Any annex of this Agreement
and other archives transferred as set forth in this Agreement shall be constituted as part of this Agreement and shall be deemed to be the main body of this Agreement. 
  

	 	11.5	SEVERABILITY 

 If any one or more of
the provisions of this Agreement is held to be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions of this Agreement will not be affected thereby. 
  

	 	11.6	FURTHER ASSURANCE 

 The Parties
agree that they shall promptly sign the files and/or perform the acts for any files and/or acts reasonably required or requested arising from the execution or performance of the Articles for purposes of this Agreement. 
  

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	 	11.7	RESERVATION OF RIGHTS 

 The waiver
by a party of the other party’s breach of any term or provision of this Agreement shall not constitute a waiver by the said party of any subsequent breach of the said term or provision or any subsequent breach of other terms or provisions of
this Agreement by the other party. Any party’s suspension from or delay in exercising the rights under this Agreement shall not be interpreted as a waiver. 
  

	 	11.8	AMENDMENTS 

 Both parties hereto
expressly agree that any amendment to this Agreement shall take effect only upon the signing of this Agreement in writing. 
  

	 	11.9	LANGUAGE 

 This Agreement is written
in Chinese and made in sextuplicate (6) with each of the Parties keeping two (2) copies hereof. The remaining two (2) copies are submitted to the relevant government department for approval and registration if examination and approval
are required. Otherwise, if examination and approval are not required, the First Party shall keep four (4) copies hereof whilst the Second Party shall keep two (2) copies hereof. 
  

 Page 23 of 24 

 IN WITNESS WHEREOF, respective representatives of the Parties have THIS AGREEMENT executed on the date
and year first above written. 
 FIRST PARTY: 
  

			
	Signature:	 	 /s/

	Name:	 	LI Wenyong
		
	Signature:	 	 /s/

	Name:	 	HOU Bin

 SECOND PARTY: 
  

			
	Signature:	 	 /s/

	Name:	 	SUN Jian
	Job Title:	 	Representative of the Legal Incorporation1

  

	 1
	 The term “legal incorporation” refers to an enterprise that may operate as a legal person in the People’s
Republic of China. 

  

 Page 24 of 24 

 Chuwen Investment (Shanghai) Holdings Co., Ltd. 
 Annex A: Checklist for the Handover of Legal Information for Equity Acquisition 
  

							
	Particulars	  	Contents	  	Handover Confirmation	  	Remarks
	Certificates	  	Business License	  	 	  	 
	  	Approval Documents issued by the relevant Health Authority	  	 	  	 
	  	Food Hygiene Licence	  	 	  	 
	  	Sewage Discharge Permit	  	 	  	 
	  	Approval Documents issued by the relevant Environmental Protection Authority	  	 	  	 
	  	Letter of Opinions on Fire Control	  	 	  	 
	  	Approval Documents for Public Order and Special Business	  	 	  	 
	  	Certificate of Organization Code	  	 	  	 
	  	Tax Registration Certificate - Financial	  	 	  	 
	  	Social Security Certificate and other Certificates or Governmental Approval Documents (for
example, the Name Approval Notice)	  	 	  	 
	 	 	 	 
	Stamps	  	Company’s Stamp(s)- Financial	  	 	  	 
	  	Stamp(s) for Contract Purposes	  	 	  	 
	  	Stamp(s) for Financial Purposes - Financial	  	 	  	 
	  	Stamp(s) for Legal Person - Formalities for Change of Financial Management	  	 	  	 
	  	Stamp(s) for Invoice Purposes - Financial	  	 	  	 
	 	 	 	 
	 Documents Pertaining to
 the Incorporation
	  	Resolutions of The Shareholders’ Meetings	  	 	  	 
	  	Equity Transfer Agreement	  	 	  	 
	  	Decisions of Executive Directors	  	 	  	 
	  	Application for the Industrial and Commercial Registration of Changes to the
Equity	  	 	  	 
	  	Articles of Association	  	 	  	 
	  	Articles of Association - Archival Certificate from the Administration of Industry and
Commerce	  	 	  	 
	 	 	 	 
	 Contracts and
 Agreements
	  	Lease Agreements and other annexes and supplemental agreements	  	 	  	Property Ownership Certificate (or Title) / Business License of the Lessor / and so on
	  	Lease Agreements for the Leased Properties	  	 	  	 
	  	Employment Agreements - Review of the Number and Types of Personnel as well as \the Contents
of the Review, Rules and Regulations, Employee Handbook	  	 	  	 
	  	Construction Agreements	  	 	  	 
	  	Purchase Agreements	  	 	  	 
	  	Room Reservation Agreements	  	 	  	 
	  	Hotel Operations Agreements	  	 	  	 
	  	Other Documents such as Contracts and Agreements	  	 	  	 
	 	 	 	 
	Project Drawings	  	Building Plans and Architectural Drawings	  	 	  	 
	 	 	 	 
	 Intellectual Property
 Rights
	  	Trademarks	  	 	  	 
	  	Patents (Inventions, Utility Models, and Designs)	  	 	  	 
	  	Copyrights	  	 	  	 

 Chuwen Investment (Shanghai) Holdings Co., Ltd. 
 Annex A: Checklist for the Handover of Financial Information for Equity Acquisition 
  

							
	Particulars	  	Contents	  	Handover Confirmation	  	Remarks
	Fixed Assets	  	Fixed assets such as air conditioning, TV sets, elevators and so on	  	 	  	As from November 1, Home Inns and Hotels Management (HIMM) and the
transferor have conducted physical inventory of fixed assets and inventories and signed for the physical transfer (signed by both parties hereto).
	 	 	 	 
	Taxation Information	  	Certificate of Taxation Registration (State Tax and Local Tax)	  	 	  	 
	  	Quarterly and Tax Payment Vouchers for Enterprise Income Tax	  	 	  	 
	  	Enterprise Income Tax - Annual Income Tax Return, Attached Forms and Tax
Certificates	  	 	  	 
	  	Photocopies of Monthly Business Tax Return and Business Tax Certificates	  	 	  	 
	  	Auditor’s Report on Taxation (if available)	  	 	  	 
	  	Tax Return for Other Tax Types (such as stamp taxes) and their Respective Tax Certificates
	  	 	  	 
	 	 	 	 
	 Financial Statements,
 Account Books and
 Certificates

	  	Financial Statements (Monthly and Annual)	  	 	  	 
	  	Auditor’s Report (if available)	  	 	  	 
	  	Past Capital Verification Reports	  	 	  	 
	  	Books of Accounts (General Ledgers and Subsidiary Ledgers)	  	 	  	In order to ensure integrity of the books of accounts, make sure that the
subsidiary ledgers and the general ledgers are verified with the accounts of the financial statements one by one.
	  	All Vouchers	  	 	  	The vouchers need to have their serial numbers verified to check for
their completeness.
	 	 	 	 
	 Registration for Assets
 and Other Properties
	  	Information on Bank Account Opening Registration, Changes and Cancellation	  	 	  	Ensure that the original documents for the bank account opening registrations of the existing bank
accounts have been completely obtained.
	  	Information on Bank Stamp Registration and Changes	  	 	  	Ensure that the stamps for the existing bank accounts have been
completely obtained.
	  	Information on the Registration and Changes of the Company’s Stamp for Financial
Purposes	  	 	  	Ensure that the Company’s Stamp(s) for Financial Purposes for the
existing bank accounts have been completely obtained.
	  	Information on the Registration and Changes of the Company’s Stamp for Invoice Purposes
	  	 	  	Ensure that the Company’s Stamps for Invoice Purposes for the
existing bank accounts have been completely obtained.
	  	Registration of Company’s Assets such as properties and vehicles (if
available)	  	 	  	 
	  	Checklist of Fixed Assets and Inventory (if available)	  	 	  	 
	  	Agreement for Material Asset Transfer (if available)	  	 	  	 
	  	Accounts of Fixed Assets Prepared based on the Book Value Thereof on the Date of Handover
	  	 	  	Total inventory is required to ascertain profits or
losses.
	  	Subsidiary Ledgers of Inventory Prepared based on the Book Value of the Assets on the Date
of Handover	  	 	  	Total inventory is required to ascertain profits or
losses.
	  	Project Payment Confirmation	  	 	  	Please verify the trading amounts and balances set out in Annex 1 for the
transactions with the suppliers of the other party.
	 	 	 	 
	 Other Relevant Financial
 Information
	  	Personnel Agreements and Monthly Payroll Records	  	 	  	 
	  	Social Security Payment Records	  	 	  	 
	  	Invoices and other Original Receipts Not yet Posted to the Accounts	  	 	  	 
	  	Material Contracts Involving High Trading Volume with the Company (and Lease Registration
Certificates)	  	 	  	Ensure the completeness of the leases and their registration and recordal
as well as other unbilled contracts (particularly the contracts with office tenants).
	  	Bank Statements and Bank Reconciliation Statements	  	 	  	Ensure the completeness of bank statements at the very
least.
	  	Stub Copies and Invoice Copies of the Company’s Invoices	  	 	  	 
	  	Register for the Use of Company’s Stamp (if available)	  	 	  	 
	  	Relevant Decisions on the Litigations with the Company and other Related
Information	  	 	  	 
	  	Registration Records for System Users	  	 	  	 
	  	Relevant User Certificates, Passwords and other Related Information for Financial Software
PackagesForm of Stock Option Agreement

 Exhibit 10.50 
 FORM OF STOCK OPTION AGREEMENT 
 WITH VARIED VESTING SCHEDULE OR CIRCUMSTANCES 
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 2006
INCENTIVE AWARD PLAN 
 NONSTATUTORY STOCK OPTION AGREEMENT 
  

			
	OPTIONEE:	  	[Name]
		
	GRANT DATE:	  	            , 20    
		
	OPTION PRICE:	  	$             per share
		
	COVERED SHARES:	  	[Shares]

 1. Definitions; Grant of Option. Certain terms used in this Nonstatutory Stock Option Agreement (the
“Agreement”) are defined in Annex A (which is incorporated herein as part of the Agreement) or elsewhere in the Agreement, and such definitions will apply except where the context otherwise indicates. 
 Pursuant to The PNC Financial Services Group, Inc. 2006 Incentive Award Plan (the “Plan”) and subject to the terms of the Agreement, PNC hereby grants to
Optionee an Option to purchase from PNC that number of shares of PNC common stock specified above as the “Covered Shares,” exercisable at the Option Price. 
 In the Agreement, “PNC” means The PNC Financial Services Group, Inc. and “Corporation” means PNC and its Consolidated Subsidiaries. Headings used in the Agreement are for convenience only and are
not part of the Agreement. 
 2. Terms of the Option. 
 2.1 Type of Option. The Option is intended to be a Nonstatutory Stock Option. 
 2.2 Option Period. Except as otherwise set forth in
Section 2.3, the Option is exercisable in whole or in part as to any Covered Shares as to which it is outstanding and has become exercisable (“vested”) at any time and from time to time through the Expiration Date as defined in
Section A.18 of Annex A hereto, including the early termination provisions set forth in said definition. 
 To the extent that the Option or relevant portion
thereof is outstanding, the Option will vest as to Covered Shares as set forth in this Section 2.2. 
 (a) Unless the Option has become fully vested
pursuant to another subsection of this Section 2.2, the Option will become exercisable (“vest”) as follows: 
 [provide vesting schedule and/or
circumstances, including any special provisions for retirement, etc.] 
 (b) If Optionee’s employment is terminated by the Corporation by reason of
Total and Permanent Disability and not for Cause, the Option will vest as to all outstanding Covered Shares as to which it has not otherwise vested commencing on Optionee’s Termination Date. 
  

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 (c) If Optionee’s employment with the Corporation is terminated by reason of Optionee’s death, the Option will
immediately vest as to all outstanding Covered Shares as to which it has not otherwise vested, and the Option may be exercised by Optionee’s properly designated beneficiary, by the person or persons entitled to do so under Optionee’s will,
or by the person or persons entitled to do so under the applicable laws of descent and distribution. 
 (d) If, after the occurrence of a CIC Triggering
Event but prior to the occurrence of a CIC Failure or of the Change in Control triggered by the CIC Triggering Event, Optionee’s employment with the Corporation is terminated by the Corporation without Cause or by Optionee with Good Reason, the
Option will vest as to all outstanding Covered Shares as to which it has not otherwise vested commencing on Optionee’s Termination Date. 
 (e)
Notwithstanding any other provision of this Section 2.2, to the extent that the Option is outstanding but not yet fully vested at the time a Change in Control occurs, the Option will vest as to all then outstanding Covered Shares as to which it
has not otherwise vested, effective as of the day immediately prior to the occurrence of the Change in Control, provided that, at the time the Change in Control occurs, Optionee is either (i) an employee of the Corporation or (ii) a
former employee of the Corporation whose unvested Option, or portion thereof, is then outstanding and continues to qualify for vesting pursuant to the terms of another subsection of this Section 2.2. 
 (f) The Committee or its delegate may in their sole discretion, but need not, accelerate the vesting date of all or any portion of the Option subject, if applicable, to
such limitations as may be set forth in the Plan. 
 If Optionee is employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to
be a consolidated subsidiary of PNC under generally accepted accounting principles and Optionee does not continue to be employed by PNC or a Consolidated Subsidiary, then for purposes of the Agreement, Optionee’s employment with the Corporation
terminates effective at the time this occurs. 
 2.3 Formal Allegations of Detrimental Conduct. If any criminal charges are brought against Optionee
alleging the commission of a felony that relates to or arises out of Optionee’s employment or other service relationship with the Corporation in an indictment or in other analogous formal charges commencing judicial criminal proceedings, the
Committee may determine to suspend the exercisability of the Option, to the extent that the Option is then outstanding and exercisable, or to require the escrow of the proceeds of any exercise of the Option. Any such suspension or escrow is subject
to the following restrictions: 
 (a) It may last only until the earliest to occur of the following: 
 (i) resolution of the criminal proceedings in a manner that constitutes Detrimental Conduct; 
 (ii) resolution of the criminal proceeding in one of the following ways: (A) the charges as they relate to such alleged felony have been dismissed (with or without prejudice), (B) Optionee has been acquitted
of such alleged felony, or (C) a criminal proceeding relating to such alleged felony has been completed without resolution (for example, as a result of a mistrial) and the relevant time period for recommencing criminal proceedings relating to
such alleged felony has expired without any such recommencement; and 
 (iii) termination of the suspension or escrow in the discretion of the Committee; and

 (b) It may be imposed only if the Committee makes reasonable provision for the retention or realization of the value of the Option to Optionee as if no
suspension or escrow had been imposed upon any termination of the suspension or escrow under clauses (a)(ii) or (iii) above. 
 2.4
Nontransferability; Designation of Beneficiary; Payment to Legal Representative. 
 (a) The Option is not transferable or assignable by Optionee.

  

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 (b) During Optionee’s lifetime, the Option may be exercised only by Optionee or, in the event of Optionee’s
legal incapacity, by his or her legal representative, as determined in good faith by PNC. 
 (c) During Optionee’s lifetime, Optionee may file with PNC,
at such address and in such manner as PNC may from time to time direct, on a form to be provided by PNC on request, a designation of a beneficiary or beneficiaries (a “properly designated beneficiary”) to hold and exercise Optionee’s
stock options, to the extent outstanding and exercisable, in accordance with their respective stock option agreements and the Plan in the event of Optionee’s death. 
 (d) If Optionee dies prior to the full exercise or expiration of the Option and has not filed a designation of beneficiary form as specified above, the Option will be held and may be exercised by the person or persons
entitled to do so under Optionee’s will or under the applicable laws of descent and distribution, as to which PNC will be entitled to rely in good faith on instructions from Optionee’s executor, administrator, or other legal
representative. 
 (e) Any delivery of shares or other payment made or action taken hereunder by PNC in good faith to or on the instructions of
Optionee’s executor, administrator, or other legal representative shall extinguish all right to payment hereunder. 
 3. Capital Adjustments.
Upon the occurrence of a corporate transaction or transactions (including, without limitation, stock dividends, stock splits, spin-offs, split-offs, recapitalizations, mergers, consolidations or reorganizations of or by PNC (each, a “Corporate
Transaction”)), the Committee shall make those adjustments, if any, in the number, class or kind of Covered Shares as to which the Option is outstanding and has not yet been exercised and in the Option Price that it deems appropriate in its
discretion to reflect the Corporate Transaction(s) such that the rights of Optionee are neither enlarged nor diminished as a result of such Corporate Transaction or Transactions, including without limitation cancellation of the Option immediately
prior to the effective time of the Corporate Transaction and payment, in cash, in consideration therefor, of an amount equal to the product of (a) the excess, if any, of the per share value of the consideration payable to a PNC common
shareholder in connection with such Corporate Transaction over the Option Price and (b) the total number of Covered Shares subject to the Option that were outstanding and unexercised immediately prior to the effective time of the Corporate
Transaction. 
 All determinations hereunder shall be made by the Committee in its sole discretion and shall be final, binding and conclusive for all
purposes on all parties, including without limitation the holder of the Option. 
 No fractional shares will be issued on exercise of the Option. PNC shall
determine the manner in which any fractional shares will be treated. 
 4. Exercise of Option. 
 4.1 Notice and Effective Date. The Option may be exercised, in whole or in part, by delivering to PNC written notice of such exercise, in such form as PNC may from
time to time prescribe, and by paying in full the aggregate Option Price with respect to that portion of the Option being exercised and satisfying any amounts required to be withheld pursuant to applicable tax laws in connection with such exercise.

 In addition, notwithstanding Sections 4.2 and 4.3, Optionee may elect to complete his or her Option exercise through a brokerage service/margin account
pursuant to the broker-assisted cashless option exercise procedure under Regulation T of the Board of Governors of the Federal Reserve System and in such manner as may be permitted by PNC from time to time consistent with said Regulation T.

 The effective date of such exercise will be the Exercise Date. Until PNC notifies Optionee to the contrary, the form attached to the Agreement as Annex B
shall be used to exercise the Option and the form attached to the Agreement as Annex C shall be used to make tax payment elections. 
  

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 In the event that the Option is exercised, pursuant to Section 2.4, by any person or persons other than Optionee,
such notice of exercise must be accompanied by appropriate proof of the derivative right of such person or persons to exercise the Option. 
 4.2 Payment
of Option Price. Upon exercise of the Option, in whole or in part, Optionee may pay the aggregate Option Price (a) in cash or (b) if and to the extent then permitted by PNC, using whole shares of PNC common stock (either by physical
delivery to PNC of certificates for the shares or through PNC’s share attestation procedure) having an aggregate Fair Market Value on the Exercise Date not exceeding that portion of the aggregate Option Price being paid using such shares, or
through a combination of cash and shares of PNC common stock; provided, however, that shares of PNC common stock used to pay all or any portion of the aggregate Option Price may not be subject to any contractual restriction, pledge or
other encumbrance and must be shares that have been owned by Optionee for at least six (6) months prior to the Exercise Date and, in the case of restricted stock, for which it has been at least six (6) months since the restrictions lapsed,
or, in either case, for such other period as may be specified or permitted by PNC. 
 4.3 Payment of Taxes. Optionee may elect to satisfy any or all
applicable federal, state, or local tax liabilities incurred in connection with exercise of the Option (a) by payment of cash, (b) if and to the extent then permitted by PNC and subject to such terms and conditions as PNC may from time to
time establish, through the retention by PNC of sufficient whole shares of PNC common stock otherwise issuable upon such exercise to satisfy the minimum amount of taxes required to be withheld in connection with such exercise, or (c) if and to
the extent then permitted by PNC and subject to such terms and conditions as PNC may from time to time establish, using whole shares of PNC common stock (either by physical delivery to PNC of certificates for the shares or through PNC’s share
attestation procedure) that are not subject to any contractual restriction, pledge or other encumbrance and that have been owned by Optionee for at least six (6) months prior to the Exercise Date and, in the case of restricted stock, for which
it has been at least six (6) months since the restrictions lapsed, or, in either case, for such other period as may be specified or permitted by PNC. 
 For purposes of this Section 4.3, shares of PNC common stock that are used to satisfy applicable taxes will be valued at their Fair Market Value on the date the tax withholding obligation arises. In no event will the Fair Market Value
of the shares of PNC common stock otherwise issuable upon exercise of the Option but retained pursuant to Section 4.3(b) exceed the minimum amount of taxes required to be withheld in connection with the Option exercise. 
 4.4 Effect. The exercise, in whole or in part, of the Option will cause a reduction in the number of unexercised Covered Shares as to which the Option is
outstanding equal to the number of shares of PNC common stock with respect to which the Option is exercised. 
 5. Restrictions on Exercise and on Shares
Issued on Exercise. Notwithstanding any other provision of the Agreement, the Option may not be exercised at any time that PNC does not have in effect a registration statement under the Securities Act of 1933 as amended relating to the offer of
shares of PNC common stock under the Plan unless PNC agrees to permit such exercise. Upon the issuance of any shares of PNC common stock pursuant to exercise of the Option at a time when such a registration statement is not in effect, Optionee will,
upon the request of PNC, agree in writing that Optionee is acquiring such shares for investment only and not with a view to resale and that Optionee will not sell, pledge, or otherwise dispose of such shares unless and until (a) PNC is
furnished with an opinion of counsel to the effect that registration of such shares pursuant to the Securities Act of 1933 as amended is not required by that Act or by rules and regulations promulgated thereunder, (b) the staff of the SEC has
issued a no-action letter with respect to such disposition, or (c) such registration or notification as is, in the opinion of counsel for PNC, required for the lawful disposition of such shares has been filed and has become effective;
provided, however, that PNC is not obligated hereby to file any such registration or notification. PNC may place a legend embodying such restrictions on the certificate(s) evidencing such shares. 
 6. Rights as Shareholder. Optionee will have no rights as a shareholder with respect to any Covered Shares until the Exercise Date and then only with respect to
those shares of PNC common stock issued upon such exercise of the Option and not retained as provided in Section 4.3. 
  

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 7. Employment. Neither the granting of the Option evidenced by the Agreement nor any term or provision of the
Agreement will constitute or be evidence of any understanding, expressed or implied, on the part of PNC or any subsidiary to employ Optionee for any period. 
 8. Subject to the Plan. The Option evidenced by the Agreement and the exercise thereof are subject to the terms and conditions of the Plan, which is incorporated by reference herein and made a part hereof, but the terms of the Plan
will not be considered an enlargement of any benefits under the Agreement. In addition, the Option is subject to any rules and regulations promulgated by or under the authority of the Committee. 
 9. Optionee Covenants. 
 9.1 General. Optionee and PNC
acknowledge and agree that Optionee has received adequate consideration with respect to enforcement of the provisions of Sections 9 and 10 hereof by virtue of receiving this Option, which gives Optionee an opportunity potentially to benefit from an
increase in the future value of PNC common stock (regardless of whether any such benefit is ultimately realized); that such provisions are reasonable and properly required for the adequate protection of the business of PNC and its subsidiaries; and
that enforcement of such provisions will not prevent Optionee from earning a living. 
 9.2 Non-Solicitation; No-Hire. Optionee agrees to comply with
the provisions of subsections (a) and (b) of this Section 9.2 while employed by the Corporation and for a period of twelve (12) months after Optionee’s Termination Date regardless of the reason for such termination of
employment. 
 (a) Non-Solicitation. Optionee shall not, directly or indirectly, either for Optionee’s own benefit or purpose or for the benefit
or purpose of any Person other than PNC or any of its subsidiaries, solicit, call on, do business with, or actively interfere with PNC’s or any subsidiary’s relationship with, or attempt to divert or entice away, any Person that Optionee
should reasonably know (i) is a customer of PNC or any subsidiary for which PNC or any subsidiary provides any services as of the Termination Date, or (ii) was a customer of PNC or any subsidiary for which PNC or any subsidiary provided
any services at any time during the twelve (12) months preceding the Termination Date, or (iii) was, as of the Termination Date, considering retention of PNC or any subsidiary to provide any services. 
 (b) No-Hire. Optionee shall not, directly or indirectly, either for Optionee’s own benefit or purpose or for the benefit or purpose of any Person other than
PNC or any of its subsidiaries, employ or offer to employ, call on, or actively interfere with PNC’s or any subsidiary’s relationship with, or attempt to divert or entice away, any employee of PNC or any of its subsidiaries, nor shall
Optionee assist any other Person in such activities. 
 Notwithstanding the above, if Optionee’s employment with the Corporation is terminated by the
Corporation without Cause or by Optionee with Good Reason and such Termination Date occurs during a Coverage Period (either as Coverage Period is defined in Section A.13 of Annex A or, if Optionee was a party to a CIC Severance Agreement that was in
effect at the time of such termination of employment, as Coverage Period is defined in such CIC Severance Agreement, if longer), then commencing immediately after such Termination Date, the provisions of subsections (a) and (b) of this
Section 9.2 shall no longer apply and shall be replaced with the following subsection (c): 
 (c) No-Hire. Optionee agrees that Optionee shall
not, for a period of twelve (12) months after the Termination Date, employ or offer to employ, solicit, actively interfere with PNC’s or any PNC affiliate’s relationship with, or attempt to divert or entice away, any officer of PNC or
any PNC affiliate. 
 9.3 Confidentiality. During Optionee’s employment with the Corporation, and thereafter regardless of the reason for
termination of such employment, Optionee will not disclose or use in any way any confidential business or technical information or trade secret acquired in the course of such employment, all of which is the exclusive and valuable property of the
Corporation whether or not conceived of or prepared by 

  

 April 2008 
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Optionee, other than (a) information generally known in the Corporation’s industry or acquired from public sources, (b) as required in the
course of employment by the Corporation, (c) as required by any court, supervisory authority, administrative agency or applicable law, or (d) with the prior written consent of PNC. 
 9.4 Ownership of Inventions. Optionee shall promptly and fully disclose to PNC any and all inventions, discoveries, improvements, ideas or other works of
inventorship or authorship, whether or not patentable, that have been or will be conceived and/or reduced to practice by Optionee during the term of Optionee’s employment with the Corporation, whether alone or with others, and that are
(a) related directly or indirectly to the business or activities of PNC or any of its subsidiaries or (b) developed with the use of any time, material, facilities or other resources of PNC or any subsidiary (“Developments”).
Optionee agrees to assign and hereby does assign to PNC or its designee all of Optionee’s right, title and interest, including copyrights and patent rights, in and to all Developments. Optionee shall perform all actions and execute all
instruments that PNC or any subsidiary shall deem necessary to protect or record PNC’s or its designee’s interests in the Developments. The obligations of this Section 9.4 shall be performed by Optionee without further compensation
and shall continue beyond the Termination Date. 
 10. Enforcement Provisions. Optionee understands and agrees to the following provisions regarding
enforcement of the Agreement. 
 10.1 Governing Law and Jurisdiction. The Agreement is governed by and construed under the laws of the Commonwealth of
Pennsylvania, without reference to its conflict of laws provisions. Any dispute or claim arising out of or relating to the Agreement or claim of breach hereof shall be brought exclusively in the federal court for the Western District of Pennsylvania
or in the Court of Common Pleas of Allegheny County, Pennsylvania. By execution of the Agreement, Optionee and PNC hereby consent to the exclusive jurisdiction of such courts, and waive any right to challenge jurisdiction or venue in such courts
with regard to any suit, action, or proceeding under or in connection with the Agreement. 
 10.2 Equitable Remedies. A breach of the provisions of
any of Sections 9.2, 9.3 or 9.4 will cause the Corporation irreparable harm, and the Corporation will therefore be entitled to issuance of immediate, as well as permanent, injunctive relief restraining Optionee, and each and every person and entity
acting in concert or participating with Optionee, from initiation and/or continuation of such breach. 
 10.3 Tolling Period. If it becomes necessary
or desirable for the Corporation to seek compliance with the provisions of Section 9.2 by legal proceedings, the period during which Optionee shall comply with said provisions will extend for a period of twelve (12) months from the date
the Corporation institutes legal proceedings for injunctive or other relief. 
 10.4 No Waiver. Failure of PNC to demand strict compliance with any of
the terms, covenants or conditions of the Agreement shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any such term, covenant or condition on any occasion or on multiple occasions be deemed a
waiver or relinquishment of such term, covenant or condition. 
 10.5 Severability. The restrictions and obligations imposed by Sections 9.2, 9.3 and
9.4 are separate and severable, and it is the intent of Optionee and PNC that if any restriction or obligation imposed by any of these provisions is deemed by a court of competent jurisdiction to be void for any reason whatsoever, the remaining
provisions, restrictions and obligations shall remain valid and binding upon Optionee. 
 10.6 Reform. In the event any of Sections 9.2, 9.3 and 9.4
are determined by a court of competent jurisdiction to be unenforceable because unreasonable either as to length of time or area to which said restriction applies, it is the intent of Optionee and PNC that said court reduce and reform the provisions
thereof so as to apply the greatest limitations considered enforceable by the court. 
 10.7 Waiver of Jury Trial. Each of Optionee and PNC hereby
waives any right to trial by jury with regard to any suit, action or proceeding under or in connection with any of Sections 9.2, 9.3 and 9.4. 
  

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 10.8 Applicable Law. Notwithstanding anything in the Agreement, PNC will not be required to comply with any term,
covenant or condition of the Agreement if and to the extent prohibited by law, including but not limited to federal banking and securities regulations, or as otherwise directed by one or more regulatory agencies having jurisdiction over PNC or any
of its subsidiaries. Further, to the extent, if any, applicable to Optionee, Optionee agrees to reimburse PNC for any amounts Optionee may be required to reimburse the Corporation pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, and
agrees that PNC need not comply with any term, covenant or condition of the Agreement to the extent that doing so would require that Optionee reimburse PNC or its subsidiaries for such amounts pursuant to Section 304 of the Sarbanes-Oxley Act
of 2002. 
 10.9. Compliance with Internal Revenue Code Section 409A. It is the intention of the parties that the Option and the Agreement comply
with the provisions of Section 409A to the extent, if any, that such provisions are applicable to the Agreement, and the Agreement will be administered by PNC in a manner consistent with this intent. 
 If any payments or benefits hereunder may be deemed to constitute nonconforming deferred compensation subject to taxation under the provisions of Section 409A,
Optionee agrees that PNC may, without the consent of Optionee, modify the Agreement and the Option to the extent and in the manner PNC deems necessary or advisable or take such other action or actions, including an amendment or action with
retroactive effect, that PNC deems appropriate in order either to preclude any such payments or benefits from being deemed “deferred compensation” within the meaning of Section 409A or to provide such payments or benefits in a manner
that complies with the provisions of Section 409A such that they will not be taxable thereunder. 
 11. Effective Date. If Optionee does not
accept the grant of the Option by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms of the Agreement in any way, within thirty (30) days of receipt by Optionee of a copy of the Agreement, PNC may,
in its sole discretion, withdraw its offer and cancel the Option and the Agreement at any time prior to Optionee’s delivery to PNC of a copy of the Agreement executed by Optionee. 
 Otherwise, upon execution and delivery of the Agreement by both PNC and Optionee and, in the event that Optionee is subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to PNC
securities, the filing with and acceptance by the SEC of a Form 4 reporting the Grant, the Option and the Agreement are effective as of the Grant Date. 
  

 April 2008 
 -7- 

 IN WITNESS WHEREOF, PNC has caused the Agreement to be signed on its behalf
effective as of the Grant Date. 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	 By:
	 	
		
		 	 Chairman and Chief Executive Officer

	
	 ATTEST:

		
	 By:
	 	
		
		 	 Corporate Secretary

 Accepted and agreed to as of the Grant Date 
  
  
  
 Optionee 
 Annex A - Certain Definitions 
 Annex B - Notice of Exercise 
 Annex C - Tax Payment Election Form 

 

 April 2008 
 -8- 

 ANNEX A 
 CERTAIN DEFINITIONS 
 *  *  * 
 A.1 “Agreement” means the Nonstatutory Stock Option Agreement between PNC and Optionee evidencing the grant of the Option to Optionee pursuant to the Plan.

 A.2 “Board” means the Board of Directors of PNC. 
 A.3 “Cause.” 
 (a) “Cause” during a Coverage Period. If the termination of Optionee’s employment with the
Corporation occurs during a Coverage Period, then, for purposes of the Agreement, “Cause” means: 
 (i) the willful and continued failure of
Optionee to substantially perform Optionee’s duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Optionee by
the Board or the CEO that specifically identifies the manner in which the Board or the CEO believes that Optionee has not substantially performed Optionee’s duties; or 
 (ii) the willful engaging by Optionee in illegal conduct or gross misconduct that is materially and demonstrably injurious to PNC or any of its subsidiaries. 
 For purposes of the preceding clauses (i) and (ii), no act or failure to act, on the part of Optionee, shall be considered willful unless it is done, or omitted to
be done, by Optionee in bad faith and without reasonable belief that Optionee’s action or omission was in the best interests of the Corporation. Any act, or failure to act, based upon the instructions or prior approval of the Board, the CEO or
Optionee’s superior or based upon the advice of counsel for the Corporation, shall be conclusively presumed to be done, or omitted to be done, by Optionee in good faith and in the best interests of the Corporation. 
 The cessation of employment of Optionee will be deemed to be a termination of Optionee’s employment with the Corporation for Cause for purposes of the Agreement
only if and when there shall have been delivered to Optionee, as part of the notice of Optionee’s termination, a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board, at a
Board meeting called and held for the purpose of considering such termination, finding on the basis of clear and convincing evidence that, in the good faith opinion of the Board, Optionee is guilty of conduct described in clause (i) or
(ii) above and, in either case, specifying the particulars thereof in detail. Such resolution shall be adopted only after (1) reasonable notice of such Board meeting is provided to Optionee, together with written notice that PNC believes
that Optionee is guilty of conduct described in clause (i) or (ii) above and, in either case, specifying the particulars thereof in detail, and (2) Optionee is given an opportunity, together with counsel, to be heard before the Board.

 (b) “Cause” other than during a Coverage Period. If the termination of Optionee’s employment with the Corporation occurs other than
during a Coverage Period, then, for purposes of the Agreement, “Cause” means: 
 (i) the willful and continued failure of Optionee to substantially
perform Optionee’s duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Optionee by PNC that specifically
identifies the manner in which it is believed that Optionee has not substantially performed Optionee’s duties; 
  

 April 2008 
 A-1 

 (ii) a material breach by Optionee of (1) any code of conduct of PNC or one of its subsidiaries or (2) other
written policy of PNC or a subsidiary, in either case required by law or established to maintain compliance with applicable law; 
 (iii) any act of fraud,
misappropriation, material dishonesty, or embezzlement by Optionee against PNC or one of its subsidiaries or any client or customer of PNC or a subsidiary; 
 (iv) any conviction (including a plea of guilty or of nolo contendere) of Optionee for, or entry by Optionee into a pre-trial disposition with respect to, the commission of a felony; or 
 (v) entry of any order against Optionee, by any governmental body having regulatory authority with respect to the business of PNC or any of its subsidiaries, that
relates to or arises out of Optionee’s employment or other service relationship with the Corporation. 
 The cessation of employment of Optionee will be
deemed to have been a termination of Optionee’s employment with the Corporation for Cause for purposes of the Agreement only if and when the CEO or his or her designee (or, if Optionee is the CEO, the Board) determines that Optionee is guilty
of conduct described in clause (i), (ii) or (iii) above or that an event described in clause (iv) or (v) above has occurred with respect to Optionee and, if so, determines that the termination of Optionee’s employment with
the Corporation will be deemed to have been for Cause. 
 A.4 “CEO” means the chief executive officer of PNC. 
 A.5 “Change in Control” means a change of control of PNC of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of
Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under the Exchange Act, whether or not PNC is then subject to such reporting requirement; provided, however, that without limitation, a
Change in Control shall be deemed to have occurred if: 
 (a) any Person, excluding employee benefit plans of the Corporation, is or becomes the beneficial
owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act or any successor provisions thereto), directly or indirectly, of securities of PNC representing twenty percent (20%) or more of the combined voting power of PNC’s then
outstanding securities; provided, however, that such an acquisition of beneficial ownership representing between twenty percent (20%) and forty percent (40%), inclusive, of such voting power shall not be considered a Change in
Control if the Board approves such acquisition either prior to or immediately after its occurrence; 
 (b) PNC consummates a merger, consolidation, share
exchange, division or other reorganization or transaction of PNC (a “Fundamental Transaction”) with any other corporation, other than a Fundamental Transaction that results in the voting securities of PNC outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least sixty percent (60%) of the combined voting power immediately after such Fundamental Transaction of
(i) PNC’s outstanding securities, (ii) the surviving entity’s outstanding securities, or (iii) in the case of a division, the outstanding securities of each entity resulting from the division; 
 (c) the shareholders of PNC approve a plan of complete liquidation or winding-up of PNC or an agreement for the sale or disposition (in one transaction or a series of
transactions) of all or substantially all of PNC’s assets; 
  

 April 2008 
 A-2 

 (d) as a result of a proxy contest, individuals who prior to the conclusion thereof constituted the Board (including for
this purpose any new director whose election or nomination for election by PNC’s shareholders in connection with such proxy contest was approved by a vote of at least two-thirds (2/3rds) of the directors then still in office who were
directors prior to such proxy contest) cease to constitute at least a majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); 
 (e) during any period of twenty-four (24) consecutive months, individuals who at the beginning of such period constituted the Board (including for this purpose any new director whose election or nomination for election by PNC’s
shareholders was approved by a vote of at least two-thirds (2/3rds) of the directors then still in office who were directors at the beginning of such period) cease for any reason to constitute at least a majority of the Board (excluding any
Board seat that is vacant or otherwise unoccupied); or 
 (f) the Board determines that a Change in Control has occurred. 
 Notwithstanding anything to the contrary herein, a divestiture or spin-off of a subsidiary or division of PNC or any of its subsidiaries shall not by itself constitute a
Change in Control. 
 A.6 “CIC Failure” means the following: 
 (a) with respect to a CIC Triggering Event described in Section A.8(a), PNC’s shareholders vote against the transaction approved by the Board or the agreement to consummate the transaction is terminated; or 
 (b) with respect to a CIC Triggering Event described in Section A.8(b), the proxy contest fails to replace or remove a majority of the members of the Board. 

A.7 “CIC Severance Agreement” means the written agreement, if any, between Optionee and PNC providing, among other things, for certain change in control
severance benefits. 
 A.8 “CIC Triggering Event” means the occurrence of either of the following: 
 (a) the Board or PNC’s shareholders approve a transaction described in Subsection (b) of the definition of Change in Control contained in Section A.5; or

 (b) the commencement of a proxy contest in which any Person seeks to replace or remove a majority of the members of the Board. 
 A.9 “Committee” means the Personnel and Compensation Committee of the Board or such person or persons as may be designated or appointed by that committee as
its delegate or designee. 
 A.10 “Competitive Activity” means, for purposes of the Agreement, any participation in, employment by, ownership of
any equity interest exceeding one percent (1%) in, or promotion or organization of, any Person other than PNC or any of its subsidiaries (1) engaged in business activities similar to some or all of the business activities of PNC or any
subsidiary as of Optionee’s Termination Date or (2) engaged in business activities that Optionee knows PNC or any subsidiary intends to enter within the first twelve (12) months after Optionee’s Termination Date or, if later and
if applicable, after the date specified in clause (ii) of Section A.15(a), in either case whether Optionee is acting as agent, consultant, independent contractor, employee, officer, director, investor, partner, shareholder, proprietor or in any
other individual or representative capacity therein. 
 A.11 “Consolidated Subsidiary” means a corporation, bank, partnership, business trust,
limited liability company or other form of business organization that (1) is a consolidated subsidiary of PNC under generally accepted accounting principles and (2) satisfies the definition of “service recipient” under
Section 409A of the Internal Revenue Code. 
  

 April 2008 
 A-3 

 A.12 “Corporation” means PNC and its Consolidated Subsidiaries. 
 A.13 “Coverage Period” means a period (a) commencing on the earlier to occur of (i) the date of a CIC Triggering Event and (ii) the date of a
Change in Control and (b) ending on the date that is two (2) years after the date of the Change in Control; provided, however, that in the event that a Coverage Period commences on the date of a CIC Triggering Event, such
Coverage Period will terminate upon the earlier to occur of (x) the date of a CIC Failure and (y) the date that is two (2) years after the date of the Change in Control triggered by the CIC Triggering Event. After the termination of
any Coverage Period, another Coverage Period will commence upon the earlier to occur of clauses (a)(i) and (a)(ii) in the preceding sentence. 
 A.14
“Covered Shares” means the number of shares of PNC common stock that Optionee has the option to purchase from PNC pursuant to the Option. 
 A.15
“Detrimental Conduct” means, for purposes of the Agreement: 
 (a) Optionee has engaged,
without the prior written consent of PNC (with consent to be given at PNC’s sole discretion), in any Competitive Activity in the continental United States at any time during the period commencing on Optionee’s Termination Date and
extending through (and including) the first (1st) anniversary of the later of (i) Optionee’s Termination Date and, if different,
(ii) the first date after Optionee’s Termination Date as of which Optionee ceases to be engaged by the Corporation in any capacity for which Optionee receives compensation from the Corporation, including but not limited to acting for
compensation as a consultant, independent contractor, employee, officer, director or advisory director; 
 (b) any act of fraud, misappropriation, or
embezzlement by Optionee against PNC or one of its subsidiaries or any client or customer of PNC or one of its subsidiaries; or 
 (c) any conviction
(including a plea of guilty or of nolo contendere) of Optionee for, or any entry by Optionee into a pre-trial disposition with respect to, the commission of a felony that relates to or arises out of Optionee’s employment or other service
relationship with the Corporation. 
 Optionee will be deemed to have engaged in Detrimental Conduct for purposes of the Agreement only if and when the
Committee (if Optionee was an “executive officer” of PNC as defined in SEC Regulation S-K when he or she ceased to be an employee of the Corporation) or the CEO (if Optionee was not such an executive officer), whichever is applicable,
determines that Optionee has engaged in conduct described in clause (a) or clause (b) above or that an event described in clause (c) above has occurred with respect to Optionee, and, if so, determines that Optionee will be deemed to
have engaged in Detrimental Conduct. 
 A.16 “Exchange Act” means the Securities Exchange Act of 1934 as amended, and the rules and regulations
promulgated thereunder. 
 A.17 “Exercise Date” means the date (which must be a business day for PNC Bank, National Association) on which PNC
receives written notice, in such form as PNC may from time to time prescribe, of the exercise, in whole or in part, of the Option pursuant to the terms of the Agreement, subject to receipt by PNC of full payment of the aggregate Option Price,
calculation by PNC of the applicable withholding taxes, and receipt by PNC of payment for any taxes required to be withheld in connection with such exercise as provided in Sections 4.1, 4.2 and 4.3 of the Agreement. 
  

 April 2008 
 A-4 

 A.18 “Expiration Date.” 
 (a) Expiration Date. Expiration Date means the date on which the Option expires, which will be
[                    , but not later than the tenth (10th) anniversary of the Grant Date] unless the Option expires earlier pursuant to any of the provisions set forth in Sections A.18(b) through A.18(d); 
 provided, however, if there is a Change in Control, then notwithstanding Sections A.18(c) and A.18(d), to
the extent that the Option is outstanding and vested or vests at the time the Change in Control occurs, the Option will not expire at the earliest before the close of business on the ninetieth (90th) day after the occurrence of the Change in Control (or the tenth (10th) anniversary of the Grant Date if earlier), provided that either (1) Optionee is an employee of the Corporation at the time the Change in Control occurs and Optionee’s employment with the Corporation is not terminated
for Cause or (2) Optionee is a former employee of the Corporation whose Option, or portion thereof, is outstanding at the time the Change in Control occurs by virtue of the application of one or more of the exceptions set forth in Section
A.18(c) and at least one of such exceptions is still applicable at the time the Change in Control occurs. 
 In no event will the Option remain outstanding beyond the tenth (10th) anniversary of the Grant Date. 
 (b) Termination for Cause. Upon a termination of Optionee’s employment with the Corporation for Cause, unless the Committee determines otherwise, the Option
will expire at the close of business on Optionee’s Termination Date with respect to all Covered Shares, whether or not vested and whether or not Optionee is eligible to Retire or Optionee’s employment also terminates for another reason.

 (c) Ceasing to be an Employee other than by Termination for Cause. If Optionee ceases to be an employee of the Corporation other than by
termination of Optionee’s employment for Cause, then unless the Committee determines otherwise, the Option will expire at the close of business on Optionee’s Termination Date with respect to all Covered Shares, whether or not vested,
except to the extent that the provisions set forth in subsection (1), (2), (3), (4) or (5) of this Section A.18(c) apply to Optionee’s circumstances and such applicable subsection specifies a later expiration date for all or a portion
of the Option. If more than one of such exceptions is applicable to the Option or a portion thereof, then the Option or such portion of the Option will expire in accordance with the provisions of the subsection that specifies the latest expiration
date. 
 (1) Retirement. If the termination of Optionee’s employment with the
Corporation meets the definition of Retirement, then the Option will expire on                      [same as for blank in 1st paragraph of A.18(a) above] with respect to any Covered Shares as to which the Option is vested on the Retirement date or thereafter vests pursuant to
Section 2.2 of the Agreement. 
 (2) Death. If Optionee’s employment with the
Corporation is terminated by reason of Optionee’s death, then the Option will expire on                      [same as for blank in
1st paragraph of A.18(a) above]. 
 (3) Termination during a Coverage Period without Cause or with Good Reason. If Optionee’s
employment with the Corporation is terminated (other than by reason of Optionee’s death) during a Coverage Period by the Corporation without Cause or by Optionee with Good Reason, then the Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later than on
                     [same as for blank in 1st paragraph of A.18(a) above]). 
  

 April 2008 
 A-5 

 (4) Total and Permanent Disability. If
Optionee’s employment is terminated by the Corporation by reason of Total and Permanent Disability, then the Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later than on                      [same as for blank in 1st paragraph of A.18(a) above]). 
 (5) DEAP or Agreement or Arrangement in lieu of or in addition to DEAP. In the event that (a) Optionee’s employment with the Corporation is terminated by the Corporation, and Optionee is
offered and has entered into the standard Waiver and Release Agreement with PNC or one of its subsidiaries under an applicable PNC or subsidiary Displaced Employee Assistance Plan, or any successor plan by whatever name known (“DEAP”), or
Optionee is offered and has entered into a similar waiver and release agreement between PNC or one of its subsidiaries and Optionee pursuant to the terms of an agreement or arrangement entered into by PNC or a subsidiary and Optionee in lieu of or
in addition to the DEAP, and (b) Optionee has not revoked such waiver and release agreement, and (c) the time for revocation of such waiver and release agreement by Optionee has lapsed, then the Option will expire at the close of business
on the ninetieth (90th) day after Optionee’s Termination Date (but in no event later than on
                     [same as for blank in 1st paragraph of A.18(a) above]) with respect to any Covered Shares as to which the Option has already become vested; provided, however, that if Optionee returns to employment with the Corporation no later than said ninetieth (90
th) day, then for purposes of the Agreement, the entire Option, whether vested or unvested, will be treated as if the termination of
Optionee’s employment with the Corporation had not occurred. 
 If the vested portion of the
Option (or the entire Option if fully vested) will expire on Optionee’s Termination Date unless the conditions set forth in this Section A.18(c)(5) are met, then such vested Option or portion thereof will not terminate on the Termination Date,
but Optionee will not be able to exercise the Option after such Termination Date unless and until all of the conditions set forth in this Section A.18(c)(5) have been met and the Option will terminate on the ninetieth (90th) day after Optionee’s Termination Date (but in no event later than on
                     [same as for blank in 1st paragraph of A.18(a) above]). 
 (d) Detrimental Conduct. If the Option would otherwise remain outstanding after Optionee’s Termination
Date with respect to any of the Covered Shares pursuant to one or more of the exceptions set forth in the subsections of Section A.18(c), then notwithstanding the provisions of such exception or exceptions, the Option will expire on the date that
PNC determines that Optionee has engaged in Detrimental Conduct, if earlier than the date on which the Option would otherwise expire; provided, however, that: 
 (1) no determination that Optionee has engaged in Detrimental Conduct may be made on or after the date of Optionee’s death, and Detrimental Conduct will not apply to conduct by or activities of beneficiaries or
other successors to the Option in the event of Optionee’s death; 
 (2) in the event that Optionee’s employment with the Corporation is terminated
(other than by reason of Optionee’s death) during a Coverage Period by the Corporation without Cause or by Optionee with Good Reason, whether or not another exception is applicable, no determination that Optionee has engaged in Detrimental
Conduct for purposes of the Agreement may be made on or after such Termination Date; and 
 (3) no determination that Optionee has engaged in Detrimental
Conduct may be made after the occurrence of a Change in Control. 
 A.19 “Fair Market Value” as it relates to a share of PNC common stock as of any
given date means the average of the reported high and low trading prices on the New York Stock Exchange (or such successor reporting system as PNC may select) for a share of PNC common stock on such date, or, if no PNC common stock trades have been
reported on such exchange for that day, the average of such prices on the next preceding day and the next following day for which there were reported trades. 
  

 April 2008 
 A-6 

 A.20 “GAAP” or “generally accepted accounting principles” means accounting principles generally
accepted in the United States of America. 
 A.21 “Good Reason” means: 
 (a) the assignment to Optionee of any duties inconsistent in any respect with Optionee’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities immediately
prior to either the CIC Triggering Event or the Change in Control, or any other action by the Corporation that results in a diminution in any respect in such position, authority, duties or responsibilities, excluding for this purpose an isolated,
insubstantial and inadvertent action not taken in bad faith that is remedied by the Corporation promptly after receipt of notice thereof given by Optionee; 
 (b) a reduction by the Corporation in Optionee’s annual base salary as in effect on the Grant Date, as the same may be increased from time to time; 
 (c) the Corporation’s requiring Optionee to be based at any office or location that is more than fifty (50) miles from Optionee’s office or location immediately prior to either the CIC Triggering Event or the Change in
Control; 
 (d) the failure by the Corporation (i) to continue in effect any bonus, stock option or other cash or equity-based incentive plan in which
Optionee participates immediately prior to either the CIC Triggering Event or the Change in Control that is material to Optionee’s total compensation, unless a substantially equivalent arrangement (embodied in an ongoing substitute or
alternative plan) has been made with respect to such plan, or (ii) to continue Optionee’s participation in such plan (or in such substitute or alternative plan) on a basis at least as favorable, both in terms of the amount of benefits
provided and the level of Optionee’s participation relative to other participants, as existed immediately prior to the CIC Triggering Event or the Change in Control; or 
 (e) the failure by the Corporation to continue to provide Optionee with benefits substantially similar to those received by Optionee under any of the Corporation’s pension (including, but not limited to,
tax-qualified plans), life insurance, health, accident, disability or other welfare plans in which Optionee was participating, at costs substantially similar to those paid by Optionee, immediately prior to the CIC Triggering Event or the Change in
Control. 
 A.22 “Grant Date” means the date set forth as the Grant Date on page 1 of the Agreement and is the date as of which the Option is
authorized to be granted by the Committee in accordance with the Plan. 
 A.23 “Internal Revenue Code” means the Internal Revenue Code of 1986 as
amended, and the rules and regulations promulgated thereunder. 
 A.24 “Option” means the option to purchase shares of PNC common stock granted to
Optionee under the Plan in Section 1 of the Agreement in accordance with the terms of Article 6 of the Plan. 
 A.25 “Option Period” means the
period during which the Option may be exercised, as set forth in Section 2.2 of the Agreement. 
 A.26 “Option Price” means the dollar amount
per share of PNC common stock at which the Option may be exercised. The Option Price is set forth on page 1 of the Agreement. 
  

 April 2008 
 A-7 

 A.27 “Optionee” means the person to whom the Option is granted and is identified as Optionee on page 1 of the
Agreement. 
 A.28 “Person” has the meaning given in Section 3(a)(9) of the Exchange Act and also includes any syndicate or group deemed to be
a person under Section 13(d)(3) of the Exchange Act. 
 A.29 “Plan” means The PNC Financial Services Group, Inc. 2006 Incentive Award Plan.

 A.30 “PNC” means The PNC Financial Services Group, Inc. 
 A.31 “Retire” or “Retirement” means, for purposes of this Option and all PNC stock options held by Optionee, whether granted under the Plan or under an earlier PNC plan, termination of Optionee’s employment with the
Corporation (a) at any time on or after the first day of the first month coincident with or next following the date on which Optionee attains age fifty-five (55) and completes five (5) years of service (where a year of service is
determined in the same manner as the determination of a year of Vesting Service under the provisions of The PNC Financial Services Group, Inc. Pension Plan) with the Corporation and (b) for a reason other than termination by reason of
Optionee’s death or by the Corporation for Cause or, unless the Committee determines otherwise, termination in connection with a divestiture of assets or a divestiture of one or more subsidiaries. 
 A.32 “Retiree” means an Optionee who has Retired. 
 A.33
“SEC” means the U.S. Securities and Exchange Commission. 
 A.34 “Share” means a share of authorized but unissued PNC common stock or a
reacquired share of PNC common stock, including shares purchased by PNC on the open market for purposes of the Plan or otherwise. 
 A.35 “Termination
Date” means Optionee’s last date of employment with the Corporation. If Optionee is employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to be a consolidated subsidiary of PNC under generally accepted
accounting principles and Optionee does not continue to be employed by PNC or a Consolidated Subsidiary, then for purposes of the Agreement, Optionee’s employment with the Corporation terminates effective at the time this occurs. 
 A.36 “Total and Permanent Disability” means, unless the Committee determines otherwise, Optionee’s disability as determined to be total and permanent by
the Corporation for purposes of the Agreement. 
  

 April 2008 
 A-8

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