Document:

Exhibit 4.18

 

 

Restated

 

Exclusive Technical Consulting and

 

Services Agreement

 

 

between

 

Beijing Qu Na Information Technology Co., Ltd.

 

and

 

Beijing Qunar Software Technology Co., Ltd.

 

2016

 

 

TABLE OF CONTENTS

 

	
ARTICLE
    	
 
    	
 
    	
PAGE
    
	
 
    	
 
    	
 
    	
 
    
	
1.
    	
APPOINTMENT AND   PROVISION OF SERVICES
    	
 
    	
4
    
	
 
    	
 
    	
 
    	
 
    
	
2.
    	
INTELLECTUAL PROPERTY   RIGHTS
    	
 
    	
4
    
	
 
    	
 
    	
 
    	
 
    
	
3.
    	
SERVICE FEE AND PAYMENT
    	
 
    	
4
    
	
 
    	
 
    	
 
    	
 
    
	
4.
    	
REPRESENTATIONS AND   WARRANTIES
    	
 
    	
4
    
	
 
    	
 
    	
 
    	
 
    
	
5.
    	
CONFIDENTIALITY
    	
 
    	
5
    
	
 
    	
 
    	
 
    	
 
    
	
6.
    	
BREACH
    	
 
    	
5
    
	
 
    	
 
    	
 
    	
 
    
	
7.
    	
FORCE MAJEURE
    	
 
    	
5
    
	
 
    	
 
    	
 
    	
 
    
	
8.
    	
TERM AND EXTENSION
    	
 
    	
6
    
	
 
    	
 
    	
 
    	
 
    
	
9.
    	
TERMINATION
    	
 
    	
6
    
	
 
    	
 
    	
 
    	
 
    
	
10.
    	
MISCELLANEOUS
    	
 
    	
7
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
EXHIBIT:
    	
 
    
	
 
    	
 
    	
 
    
	
I.
    	
SCOPE OF SERVICES
    	
 
    
	
II.
    	
CALCULATION AND PAYMENT   OF THE SERVICE FEE
    	
 
    

 

2

 

THIS RESTATED EXCLUSIVE TECHNICAL CONSLUTING AND SERVICES AGREEMENT (Agreement) is entered into on March 23, 2016 (Execution Date) in Beijing, the People’s Republic of China (PRC).

 

By and between

 

(1)                                Beijing Qu Na Information Technology Co., Ltd. (北京趣拿信息技术有限公司), a limited liability company registered in Beijing, with its registered address at Room 1709 17th Floor, Viva Plaza, Building 18, Yard 29, Suzhou Street, Haidian District Beijing, China (Party A);

 

and

 

(2)                                Beijing Qunar Software Technology Co., Ltd.(北京趣拿软件科技有限公司), a wholly foreign owned enterprise duly incorporated and validly existing under the laws of the PRC, with its registered address at Room 1701-1707, 1710-1720,17th Floor, Viva Plaza, Building 18, Yard 29, Suzhou Street, Haidian District Beijing, China (Party B).

 

Recitals

 

A.                                    Party A is a domestic company duly incorporated and validly existing under the laws of the PRC, and is an operating vehicle of the website www.qunar.com, Party A wishes to develop its technology, improve its management and increase and enhance its market position.

 

B.                                   Party B is a wholly foreign owned enterprise duly incorporated and validly existing under the laws of the PRC, which holds the resources and qualifications for technical and consulting services.  Party B is engaged in research and development relating to networks and has expertise in providing technical training and consulting services.

 

C.                                    The parties entered into an Exclusive Technical Consulting and Services Agreement (独家技术咨询和服务协议,Original Agreement) on October 27, 2006, pursuant to which Party B was willing to provide to Party A, and Party A was willing to accept exclusively from Party B, technical and consulting services.

 

D.                                    Party A and Party B have strictly complied with all stipulations under the Original Agreement. After mutual negotiation, Party A and Party B believe it in the best interest of both parties to restate the Original Agreement. Party A and Party B further acknowledge that this Agreement does not substantially change the Original Agreement, and the provisions of this Agreement reflect the intention of the parties when they executed the Original agreement.

 

3

 

NOW, THEREFORE, the parties agree as follows:

 

1.                                      APPOINTMENT AND PROVISION OF SERVICES

 

1.1                                Scope of Services.  Party A hereby appoints Party B to provide Party A with the Services detailed in the Exhibit I (Services).

 

1.2                                Provision of Services.  The parties agree that Party B shall provide the Services to Party A on an exclusive basis, for the duration of the term of this Agreement and at standards commonly accepted in the market. For the duration of the term of this Agreement, Party A may not enter into any agreement with any third party for the provision of the Services without prior written consent from Party B.

 

2.                                      INTELLECTUAL PROPERTY RIGHTS

 

The parties agree that the intellectual property rights created by Party B in the course of performing this Agreement (including without limitation any copyrights, trademarks or logos registered or not, patents and proprietary technology), shall belong to Party B.

 

3.                                      SERVICE FEE AND PAYMENT

 

3.1                                Service Fee.  The parties agree that the Service Fee under this Agreement shall be determined according to the Exhibit II.

 

3.2                                Payment Method.  Party B shall, within the first 5 business days of each month, provide Party A with written statement of the service fee spent providing the Services during the previous month. Party A shall confirm to Party B in writing within 3 business days of receipt that the service see is correct.  If Party A fails to provide such confirmation on time, Party A shall be deemed to have confirmed Party B’s statement.  Party A shall pay the service fee to Party B’s designated account within 10 business days after confirming the service fee provided in Party B’s written statement.

 

4.                                      REPRESENTATIONS AND WARRANTIES

 

Each party represents and warrants to the other that, as of the date of signing hereof:

 

4.1                                it has full power and authority as an independent legal person to execute and deliver this Agreement and to carry out its responsibilities and obligations hereunder;

 

4.2                                its execution and performance of this Agreement will not result in a breach of any law, regulation, authorization or agreement to which it is subject.

 

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5.                                      CONFIDENTIALITY

 

5.1                                Confidentiality Obligations.  The parties shall protect and maintain the confidentiality of all information relating to or arisen from this Agreement, or made available under this Agreement to a party or any associate thereof (Confidential Information).  Without the prior written consent of the other party, no party shall disclose any Confidential Information to any third party unless the disclosure is required by laws or by enforceable orders of the court or related government departments.  Under such circumstances, the party required to disclose the Confidential Information shall notify the other party immediately, take all possible measures to minimize the disclosure, and notify the persons to whom information is being disclosed of the confidentiality obligation. Notwithstanding anything to the contrary above, Party A shall have the full right to disclose any Confidential Information to its shareholders, affiliates or professional advisors.

 

5.2                                Obligations upon Termination.  Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party.  If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices.  No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

 

5.3                                No Time Limit.  There is no time limit to the confidentiality obligations stipulated in this Article, which obligations will survive the termination of this Agreement unless the Confidential Information is disclosed to the public for reasons not due to the breach of this Agreement by any party.

 

6.                                      BREACH

 

6.1                               Written Notice. If a party breaches any of its respective representations, warranties or obligations under this Agreement, the non-breaching party may send a written notice to the breaching party demanding rectification within 10 days.

 

6.2                                Compensation.  The breaching party shall be liable to compensate the non-breaching party for any losses it has sustained as a result of the breach, including loss of profits.

 

7.                                      FORCE MAJEURE

 

7.1                                Definition.  The term Force Majeure refers to any unforeseeable (or if foreseeable, reasonably unavoidable), event beyond the reasonable control of any party which prevents the performance of this Agreement, including without limitation acts of government, acts of nature, fire, explosion, typhoon, flood, earthquake, tide, lightning and war, but excluding any shortage of credit.

 

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7.2                                Exemption.  Where either party fails to perform this Agreement in full or in part due to Force Majeure, such party shall be exempted from its responsibilities hereunder, to the extent of the Force Majeure in question and except where PRC laws provides otherwise.  For the avoidance of doubt, a party shall not be excused from performing its obligations hereunder where Force Majeure occurs following the delay by that party to perform this Agreement.

 

7.3                                Notice.  Should either party be unable to perform this Agreement as a result of Force Majeure, it shall inform the other party, as soon as possible following the occurrence of such Force Majeure, of the situation and the reason(s) for non-performance, so as to minimize any losses incurred by the other party as a consequence thereof.  Furthermore, within a reasonable time after notice of Force Majeure has been given, the party encountering Force Majeure shall provide to the other party a legal certificate issued by a public notary (or other appropriate organization) of the place wherein the Force Majeure occurred, in witness of the same.

 

7.4                                Mitigation.  The party affected by Force Majeure may suspend the performance of its obligations under this Agreement until any disruption resulting from the Force Majeure has been resolved.  However, such party shall make every effort to eliminate any obstacles resulting from the Force Majeure, thereby minimizing to the greatest extent possible the adverse effects of such, as well as any resulting losses.

 

8.                                      TERM AND EXTENSION

 

This Agreement shall enter into effect as of the date first indicated above and shall continue to be in effect until it is terminated by Party B or under Clause 9 of this Agreement. Party A shall not terminate unilaterally this Agreement.

 

9.                                      TERMINATION

 

9.1                                Early Termination.  This Agreement may be terminated early in the following situations:

 

9.1.1                                               with the mutual written consent of the parties following consultation;

 

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9.1.2                                               in case of a Force Majeure event prevailing for 30 days or longer, the parties shall discuss whether performance under this Agreement shall be partially exempted or postponed according to the degree by which such performance is affected by the Force Majeure event;

 

9.1.3                                               by Party B, in its sole discretion, with 30 days’ prior written notice to Party A at any time; or

 

9.1.4                                               in case that either of the parties can’t maintain its corporate existence.

 

9.2                                Survival of Obligations.  The expiry or early termination of this Agreement for any reason whatsoever shall not affect the payment obligations of the parties hereunder, the respective liability of the parties for damages or the confidentiality obligations of the parties.

 

10.                               MISCELLANEOUS

 

10.1                         Notices and Delivery.  All notices and communications between the parties shall be written in English or Chinese and delivered in person (including courier service), by facsimile transmission or by registered mail to the appropriate addresses set forth below:

 

Party A

 

	
Address
    	
:
    	
Room 1709 17th Floor, Viva Plaza,
   Building 18, Yard 29, Suzhou Street,
   Haidian District Beijing,China
    
	
Tel
    	
:
    	
010-5760 3000
    

 

Party B

 

	
Address
    	
:
    	
Room 1701-1707, 1710-1720, 17th Floor,
   Viva Plaza, Building 18, Yard 29, Suzhou 
   Street, Haidian District Beijing,China
    
	
Tel
    	
:
    	
010-5760   3000
    

 

10.2                         Timing.  The time of receipt of the notice or communication shall be deemed to be:

 

10.2.1                                        if in person (including courier), at the time of signing of a receipt by the receiving party or a duly authorized person at the receiving party’s address;

 

10.2.2                                        if by facsimile transmission, at the time displayed in the corresponding transmission record, unless such facsimile is sent after 5:00 p.m. or on a non-business day in the place of receipt, in which case the date of receipt shall be deemed to be the following business day; or

 

7

 

10.2.3                                        if by registered mail, on the 10th day after the date of the receipt of the registered mail.

 

10.3                         No Waiver. Unless otherwise agreed upon by the parties in writing, any failure or delay on the part of either party to exercise any right, authority or privilege under this Agreement, or under any other agreement relating hereto, shall not operate as a waiver thereof; nor shall any single or partial exercise of any right, authority or privilege preclude any other future exercise thereof.

 

10.4                         Severability. The provisions of this Agreement are severable from each other. The invalidity of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.

 

10.5                         Successors.  This Agreement shall be valid and binding upon the parties and upon their respective successors and assigns (if any).

 

10.6                         Assignment.  Party A shall not assign its rights or obligations under this Agreement to any third party without the prior written consent of Party B. Party B may transfer its rights or obligations under this Agreement to any third party without the consent of Party A, but shall inform Party A of the above assignment.

 

10.7                         Governing Law.  The execution, validity, interpretation and implementation of this Agreement and the settlement of disputes hereunder shall be governed by PRC laws.

 

10.8                         Arbitration.

 

10.8.1                                        If any dispute arises in connection with this Agreement, the parties shall attempt in the first instance to resolve such dispute through friendly consultation or mediation.

 

10.8.2                                        If the dispute cannot be resolved in the above manner within 30 days after the commencement of the consultation or mediation, either party may submit the dispute to arbitration as follows:

 

10.8.2.1                                         all disputes arising out of or in connection with this Agreement shall be submitted to the China International Economic and Trade Arbitration Commission for arbitration in accordance with the Commission’s then-current rules; and

 

8

 

10.8.2.2                                         the arbitration shall be held in Beijing and conducted in the English language, with the arbitral award being final and binding upon the parties.

 

10.8.3                                        When any dispute is submitted to arbitration, the parties shall continue to perform their obligations under this Agreement.

 

10.9                         Entire Agreement.  This Agreement and its Exhibits shall constitute the entire agreement between the parties in respect of the subject matter hereof and shall supersede any previous discussions, negotiations and agreements, including without limitation, the Original Agreement.

 

10.10                  Amendments.  Without the prior written consent of Party B, Party A shall not amend this Agreement.  If required by the applicable laws, the parties shall obtain all the necessary approvals, authorizations, licenses, registrations and filing procedures from the relevant governmental authorities to give effect to the amendment.

 

10.11                  Language and Copies.

 

This Agreement is prepared in both English and Chinese, and both language versions have the same legal effect. This Agreement shall be executed in 2 originals, with 1 original copy for each party.

 

[The space below is intentionally left blank.]

 

9

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed by their duly authorized representatives on the date first indicated above.

 

	
Party A: Beijing Qu Na   Information Technology Co., Ltd.
    	
 
    
	
(北京趣拿信息技术有限公司)
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ Cao Hui
    	
 
    
	
Name: Cao Hui
    	
 
    
	
Title: Legal Representative
    	
 
    
	
Company Seal:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party B: Beijing Qunar   Software Technology Co., Ltd.
    	
 
    
	
(北京趣拿软件科技有限公司)
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ Wei Fang
    	
 
    
	
Name: Wei Fang
    	
 
    
	
Title: Legal Representative
    	
 
    
	
Company seal:
    	
 
    

 

Signature page to Restated Exclusive Technical Consulting and Services Agreement

 

 

Exhibit I

 

Scope of Services

 

1.                            Technical Services. Party B will provide technical services and training to Party A, taking advantage of Party B’s advanced network, website and multimedia technologies to improve Party A’s system integration.  Such technical services shall include:

 

(a)        administering, managing and maintaining Party A’s information application system and website system infrastructure;

 

(b)        providing system optimization plans and implementing optimization features;

 

(c)        assuring the security and reliability of the website application systems;

 

(d)        procuring, installing and supporting the relevant products produced by Party B, and providing training in the use of those products;

 

(e)        managing and maintaining all network and providing technologies to assure the reliability and efficiency thereof;

 

(f)        providing information technology services and assuring the reliable operation of the information infrastructure.

 

2.         Marketing and Management Consulting.  For the purposes of expanding Party A’s market share, popularizing its products and creating a efficient internal operations, Party B will provide consulting services regarding marketing and management, which shall include:

 

(a)        providing strategic co-operation proposals and recommending relevant partners to Party A, and assisting Party A to establish and develop cooperative relationships with such partners with respect to information networks;

 

(b)        providing Party A with market development strategies, including but not limited to the design and improvement of Party A’s products, services and business model as well as strategic on its market position and brand-building; and

 

(c)        training management personnel and providing management consultation services, including but not limited to regular business training for Party A’s management personnel and formulating realistic and effective solutions to existing problems in Party A’s business operations.

 

 

Exhibit II

 

Calculation and Payment of the Service Fee

 

DURING THE TERM OF THIS AGREEMENT, THE SERVICE FEE PAYABLE BY PARTY A TO PARTY B FOR SERVICES RENDERED ACCORDING TO EXHIBIT I SHALL BE A FEE IN RMB DETERMINED BY THE FOLLOWING FORMULA:

 

SERVICE FEE PAYABLE = PARTY A’S REVENUE – TURNOVER TAXES – PARTY A’S TOTAL COSTS – PROFIT TO BE RETAINED BY PARTY A;

 

Where:

 

·                                          Party A’s Revenue is revenue received by Party A from third parties in the course of its ordinary business;

 

·                                          Turnover Taxes include, but are not limited to, business tax, value-added tax, urban maintenance and construction tax and education surcharges;b

 

·                                          Party A’s Total Costs include all costs and expenses, such as costs of goods sold and operating costs incurred by Party A for carrying out the business; and

 

·                                          Profit to be retained by Party A shall be determined by a reputable certified public accountant designated by Party B.

 

During the term of this Agreement, Party B shall have the right to adjust the above Fees at its sole discretion without the consent of Party A.Exhibit 4.19

 

 

Loan Agreement

 

 

among

 

Beijing Qunar Software Technology Co., Ltd.

 

CAO Hui

 

And

 

WANG Hui

 

2016

 

 

TABLE OF CONTENTS

 

	
 
    	
 
    	
Pages
    
	
Articles
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
1.
    	
DEFINITIONS AND   INTERPRETATIONS
    	
 
    	
3
    
	
 
    	
 
    	
 
    	
 
    
	
2.
    	
LOANS
    	
 
    	
4
    
	
 
    	
 
    	
 
    	
 
    
	
3.
    	
CONDITIONS PRECEDENT
    	
 
    	
6
    
	
 
    	
 
    	
 
    	
 
    
	
4.
    	
REPRESENTATIONS AND   WARRANTIES
    	
 
    	
7
    
	
 
    	
 
    	
 
    	
 
    
	
5.
    	
UNDERTAKINGS
    	
 
    	
8
    
	
 
    	
 
    	
 
    	
 
    
	
6.
    	
ENFORCEMENT
    	
 
    	
11
    
	
 
    	
 
    	
 
    	
 
    
	
7.
    	
CONFIDENTIALITY
    	
 
    	
12
    
	
 
    	
 
    	
 
    	
 
    
	
8.
    	
DISPUTE RESOLUTION
    	
 
    	
13
    
	
 
    	
 
    	
 
    	
 
    
	
9.
    	
INDEMNITY
    	
 
    	
13
    
	
 
    	
 
    	
 
    	
 
    
	
10.
    	
MISCELLANEOUS
    	
 
    	
13
    

 

2

 

THIS LOAN AGREEMENT (Agreement) is entered into on March 23, 2016 in Beijing, People’s Republic of China (PRC)

 

by and among

 

(1)                                  Beijing Qunar Software Technology Co., Ltd.(北京趣拿软件科技有限公司), a wholly foreign owned enterprise duly incorporated and validly existing under the laws of the PRC, with its registered address at Room 1701-1707, 1710-1720,17th Floor, Viva Plaza, Building 18, Yard 29, Suzhou Street, Haidian District Beijing, China (Party A);

 

and

 

(2)                                  CAO Hui, a PRC citizen, ID card number 310110197908230424 of Room 1802, No. 6 of 710 Nong, Caoyang Road, Putuo District, Shanghai, China. (Party B).

 

and

 

(3)                                  WANG Hui, a PRC citizen, ID card number 310110197312240832 of Room 603, No. 4 of 57 Nong, Xuanhua Road, Changning District, Shanghai, China. (Party C)

 

Recitals

 

A.                                   Beijing Qu Na Information Technology Co., Ltd.  (北京趣拿信息技术有限公司, Company) is a domestic company of limited liability incorporated in Beijing, PRC. Party B and Party C hold 60% and 40% of the equity interest of the Company, respectively (Equity Interests);

 

B.                                   Party A, Party B, Party C, Zhuang Chenchao, Zhang Dongchen and other relevant parties have entered into a undertaking agreement on December 12, 2015, pursuant to which Zhuang Chenchao and Zhang Dongchen agree to transfer their equity interests of the Company to Party B and Party C respectively and Party B and Party C agree to undertake the liability and obligation of Zhuang Chenchao and Zhang Dongchen to repay a loan in the amount of RMB 11,000,000 to Party A(each a Loan, collectively Loans);

 

C.                                   Party A, Party B and Party C agree to sign this Agreement to reflect the intention of the Parties and specify the rights and liability of Parties.

 

NOW, THEREFORE, the parties agree as follows:

 

1.                                      DEFINITIONS AND INTERPRETATIONS

 

1.1                       Definitions.  Unless otherwise provided in this Agreement, the following terms shall have the meanings set forth below:

 

3

 

	
Designated Party
    	
 
    	
means a third party as designated by Party A;
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Event   of Default
    	
 
    	
means an event as described in Article 2.3;
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Equity   Option Agreement
    	
 
    	
means the Restated Equity Option Agreement by and   among Party A, Party B, Party C, the Company, and Qunar Cayman Islands   Limited dated the even date of this Agreement;
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Equity   Pledge Agreement
    	
 
    	
means the Equity Interest Pledge Agreement by and   among Party A, Party B, and Party C dated the even date of this Agreement;
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Power   of Attorney
    	
 
    	
means each of the Power of Attorney respectively   signed and issued by Party B and Party C dated the even date of this   Agreement conferring all his rights as a shareholder of the Company to Party   A or the Designated Party; and
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Repayment   Notice
    	
 
    	
means a written notice from Party A to Party B   and/or Party C for purposes of the repayment of the Loan(s).
    	
 
    

 

1.2                       Interpretations.  All headings used herein are for reference purposes only and do not affect the meaning or interpretation of any provision.  Any reference to an Article is to an article of this Agreement.  The use of the plural shall include the use of the singular, and vice versa. Unless otherwise indicated, a reference to a day, month or year is to a calendar day, month or year. The use of the masculine shall include the use of the feminine, and vice versa.

 

2.                                      LOANS

 

2.1                       Amount.  Party A has provided to Party B and Party C, and Party B and Party C have received from Party A, the Loans, respectively, in which Party B has received RMB 6,600,000 and Party C has received RMB 4,400,000. The Loans shall be interest free, unless otherwise provided in this Agreement.

 

2.2                       Term.  The term of the Loans shall continue indefinitely until such time as Party B and/or Party C receives a Repayment Notice and fully repays the Loan(s) in accordance with the Agreement, or an Event of Default occurs unless Party A has sent a notice indicating otherwise within 15 calendar days after it is aware of such event.

 

2.3                       Event of Default.  For purposes of this Agreement, an Event of Default is deemed to have occurred if any of the following were to apply to Party B and/or Party C:

 

4

 

2.3.1                          a proceeding is commenced against him under any applicable bankruptcy, insolvency, reorganization, court mediation, or other similar laws;

 

2.3.2                          he makes or attempts to make any fraudulent use or any unauthorized transfer of the Loan(s) or the Equity Interests;

 

2.3.3                          he dies or his capacity to perform civil acts is lost or limited;

 

2.3.4                          he is charged with a criminal offense;

 

2.3.5                          any third party institutes a court action against him claiming over RMB 5,000;

 

2.3.6                          Party B and/or Party C breaches any of its covenants or other obligations under this Agreement, and such breach has not been remedied within 15 calendar days after receiving Party A’s written notice requiring remedy;

 

2.3.7                          the representations and warranties made by Party B and/or Party C prove to be false or misleading in any material respect;

 

2.3.8                          any indebtedness, guarantee or other obligation of Party B and/or Party C, whether pursuant to a contract or otherwise, (i) is accelerated as a result of a default thereunder and is required to be repaid or performed prior to the scheduled date; or (ii) has become due and is not repaid or performed as scheduled and thereby causes Party A to regard Party B and Party C’s capacity to perform the obligations specified herein as having been adversely affected;

 

2.3.9                          Party B and/or Party C are incapable of repaying his debts as they become due;

 

2.3.10                   the Agreement is illegal as a result of any applicable laws or Party B and/or Party C is restricted from continuing to perform its obligations as specified herein;

 

2.3.11                   any approval, permits, licenses, authorization, registration or filing procedure from any applicable governmental entity required for the Company to provide value added telecommunications services in respect of its information services business via the Internet in the PRC are withdrawn, suspended, invalidated or materially amended;

 

2.3.12                   any approval, permits, licenses or authorization from any applicable government authority required to perform this Agreement or make this Agreement enforceable, legal and valid are withdrawn, suspended, invalidated or materially amended;

 

2.3.13                   any property owned by Party B and/or Party C is altered or damaged and thereby causes Party A to deem that the capability of Party B and/or Party C to perform the obligations stated herein have been adversely affected; or

 

5

 

2.3.14                   Party B and/or Party C defaults under either of the Equity Pledge Agreement, the Equity Option Agreement or the Power of Attorney.

 

2.4                       Repayment Date. Unless otherwise agreed by Party A in writing, the Loan(s) borrowed by Party B and/or Party C, any portion of the Loan(s) and any other payment in arrears, if applicable, under this Agreement shall become due and payable five Business Days after Party A gives written notice to Party B and/or Party C demanding repayment in accordance with Article 6.1 (Repayment Date).

 

Party A shall have its sole discretion to demand repayment of the Loans or any portion of the Loans and send a written notice accordingly.

 

Without Party A’s express prior written consent, the Loans shall not be repaid and shall continue indefinitely until the Repayment Date.

 

2.5                       Form of Repayment. Unless agreed by the parties in writing, the Loans may only be repaid in the form specified in Article 6.

 

2.6                       Purpose of Loans. Party B and Party C have accepted the Loans provided by Party A and hereby agree and covenant that the Loans shall be used only to acquire to the equity interests of the Company or repay their debts incurred in connection with their contribution of the registered capital of the Company.  Without Party A’s prior written consent, Party B and Party C shall not use the Loans for any other purpose, or sell, assign, transfer, pledge or otherwise dispose of any legal rights or benefits in connection with, or create any security interest over, the Equity Interest to any third party. Furthermore, Party B and Party C agree only to borrow money from Party A for future registered capital increase of the Company and not to contribute registered capital by themselves or borrow money from other third parties.

 

3.                                      CONDITIONS PRECEDENT

 

Drawdown of the Loans by Party B and Party C shall, unless specifically waived by Party A in writing, be conditional upon the fulfillment of all of the following conditions precedent:

 

3.1                       Representations and Warranties.  All the representations and warranties provided by Party B and Party C in Article 4.2 are true, complete and correct, and shall remain true, complete and correct on the date of such drawdown, as if they are provided on such date.

 

3.2                       No Breach.  Party B and Party C shall not have breached any of his undertakings provided in Article 5, and no event which may affect the performance of Party B’s obligations hereunder shall have occurred or be likely to occur.

 

6

 

4.                                      REPRESENTATIONS AND WARRANTIES

 

4.1                       Party A’s Representations and Warranties.  Party A represents and warrants as follows:

 

4.1.1                          it is a company incorporated and validly existing under the laws of PRC;

 

4.1.2                          it has the power to enter into and perform this Agreement, and its execution and performance of this Agreement is in compliance with its business scope and the provisions of its articles of association or other constituent documents;

 

4.1.3                          the execution and performance of this Agreement by it will not result in a breach of any laws, regulations, authorizations, or agreement to which it is subject; and

 

4.1.4                          this Agreement shall constitute its legal, valid, and binding obligations, and is to be enforceable against it.

 

4.2                       Party B and Party C’s Representations and Warranties.  Party B and Party C severally represent and warrant as follows:

 

4.2.1                          he has and shall maintain the full power and authority to enter into this Agreement and to perform his obligations hereunder;

 

4.2.2                          the execution and performance of this Agreement by him will not result in a breach of any laws, regulations, authorizations, or agreement to which he is subject;

 

4.2.3                          this Agreement shall constitute his legal, valid, and binding obligations, and is to be enforceable against him;

 

4.2.4                          there are no civil, criminal or administrative, claims, actions, suits, investigations or proceedings pending or threatened against him which, based on his knowledge, would materially and adversely affect his execution or performance of this Agreement;

 

4.2.5                          there is no provision of any agreement, enforceable judgment or order of any court binding on him or affecting his property, which would in any way prevent or materially and adversely affect his execution or performance of this Agreement;

 

4.2.6                          the execution and performance of this Agreement and the realization of Party A’s rights hereunder will not violate any mortgage right, contract, judgment, decree or law that is binding upon him or his property;

 

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4.2.7                          with the exception of the Equity Pledge Agreement, the Equity Option Agreement and the Power of Attorney, he has not: (a) created any pledge, charge or any other security over any of the Equity Interests; (b) offered to transfer any of the Equity Interests to any third party; (c) issued an undertaking to any third party regarding any offer to purchase any of the Equity Interests; or (d) entered into any agreement to transfer any of the Equity Interests to any third party; and

 

4.2.8                          no dispute, action, arbitration, administrative procedure or other legal proceeding (potential or actual) regarding himself and/or any of the Equity Interests in existence or pending.

 

5.                                      UNDERTAKINGS

 

5.1                       Party B and Party C’s Undertakings relating to the Company. Party B and Party C severally undertake to vote his total interest in the Company and to take all other necessary actions to ensure that the Company:

 

5.1.1                          will obtain or complete all the necessary governmental approvals, authorizations, licenses, registrations and filing procedures to own its assets and to engage in the value added telecommunications business in respect of its information services business via the Internet in the PRC and other businesses specified in the operational scope of its business license;

 

5.1.2                          will not supplement, change, or modify in any way its articles of association or other constituent documents, increase or reduce its registered capital, or alter its shareholding structure without the prior written consent of Party A;

 

5.1.3                          will not sell, transfer, mortgage, pledge, grant any option rights or otherwise dispose of any asset, business or legal or beneficial interest, or permit the creation of any other security interest over the same without the prior written consent of Party A;

 

5.1.4                          will not incur, inherit, warrant or permit the existence of any loans without the prior written consent of Party A;

 

5.1.5                          will not enter into any contracts or extend any loan or credit to any party or provide any guarantee or assume any obligation of any party without the prior written consent of Party A;

 

5.1.6                          will provide all information relating to its operations and financial affairs to Party A upon the request of Party A;

 

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5.1.7                                 will not merge, consolidate with any third party, or acquire or invest in any third party, without the prior written consent of Party A;

 

5.1.8                                 will notify Party A immediately should any legal action, arbitration or administrative procedure relating to its assets, operations or income arises or is likely to arise;

 

5.1.9                                 will execute all necessary or appropriate agreements, take all necessary or appropriate actions and make all necessary or appropriate defenses for the purpose of maintaining all rights and proprietary interests in respect of its assets;

 

5.1.10                          will not pay dividends or distributions of any kind to its shareholders without the prior written consent of Party A;

 

5.1.11                          will strictly observe all of the provisions under this Agreement, the Equity Pledge Agreement, the Equity Option Agreement and the Power of Attorney and shall not cause any act or omission to take place which may impair the validity and enforceability of those documents; and

 

5.1.12                          will promptly notify Party A in writing of the occurrence of any event which may materially affect its assets, obligations, rights or operations.

 

5.2                                    Undertakings of Party B and Party C.  Party B and Party C severally further undertakes as follows:

 

5.2.1                                 he will not sell, transfer, mortgage, pledge, grant any option rights or otherwise dispose of any of the Equity Interests, or permit the creation of any other security interest in the Company without the prior written consent of Party A;

 

5.2.2                                 he will ensure that the shareholders’ meeting of the Company shall not approve any sale, transfer, pledge or other disposal of the Equity Interests, or permit the creation of any other security interest over the same without the prior written consent of Party A;

 

5.2.3                                 he will ensure that the shareholders’ meeting of the Company shall not approve the increase or reduce of the registered capital, consolidation, merger or division of the Company without the prior written consent of Party A;

 

5.2.4                                 he will ensure that the shareholders’ meeting of the Company shall decide on any matter only with the prior written instruction of Party A;

 

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5.2.5                                 he will notify Party A immediately if and when any legal action, arbitration, or administrative procedure relating to the Equity Interests arises or is likely to arise;

 

5.2.6                                 he will enter into all necessary or appropriate agreements, take all necessary or appropriate actions, file all necessary or appropriate charges and conduct all necessary or appropriate defenses for the purpose of maintaining ownership of the Equity Interests at the instruction of Party A;

 

5.2.7                                 he will not cause any actions and/or omissions which may materially and adversely affect the assets, operations or liability of the Company without the prior written consent of Party A;

 

5.2.8                                 he will, upon the request of Party A, appoint any person nominated by Party A as a director of , or to hold any other position in, the Company and take all necessary or appropriate actions to complete all the necessary governmental registrations and filing procedures required accordingly by the applicable laws;

 

5.2.9                                 in the event that the Party A or the Designated Party purchases the Equity Interests pursuant to the Equity Option Agreement, he shall apply the entire proceeds therefrom to repay the Loans to Party A;

 

5.2.10                          he will promptly notify Party A in writing of the occurrence of any event which may materially or adversely affect his assets, obligations, rights or operations;

 

5.2.11                          he shall issue the Power of Attorney simultaneously when entering into this Agreement;

 

5.2.12                          the Equity Option Agreement shall be validly executed, pursuant to which Party B and Party C shall grant Party A or the Designated Party with an exclusive option to purchase the Equity Interests, to the extent permitted under PRC laws;

 

5.2.13                          the Equity Pledge Agreement, the Equity Option Agreement, and the Power of Attorney shall be in full effect and free of default, and all relevant filing or registrations procedures, approvals, and governmental proceedings shall have been duly obtained or completed;

 

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5.2.14                          he will strictly observe all the provisions and perform all of his obligations under this Agreement, the Equity Pledge Agreement,  the Equity Option Agreement and the Power of Attorney, causing no actions nor failing to take any actions that may impair the validity or enforceability of this Agreement, the Equity Pledge Agreement,  the Equity Option Agreement or the Power of Attorney;

 

5.2.15                          he shall maintain as strictly confidential the existence and provisions of this Agreement, as well as any correspondence, resolutions, ancillary agreements and any other documentation associated herewith; and

 

5.2.16                          he will not be entitled to any dividend or profit distribution of the Company and will not request or receive any of the same without the prior written consent of Party A. If such dividends or other distributions are distributed to him from the Company, he will immediately and unconditionally pay or transfer to Party A any such dividends or other distributions in whatsoever form obtained from the Company as a shareholder of the Company at the time such payables arise, after having deducted and paid any and all relevant taxes and expenses applicable as a result of his receipt of such dividends or other distributions. In the event that the profit, bonus, distribution or dividend he receives from the Company exceeds his repayment obligation under this Agreement, he shall immediately transfer such profit, bonus, distribution or dividend to Party A or to any party designated by Party A. If such transfer is prohibited by PRC laws, he shall remit the amount to Party A or to any party designated by Party A in a manner permitted under the applicable laws.

 

6.                                      ENFORCEMENT

 

6.1                              Repayment of Loans.

 

6.1.1                                       Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the entire Loans or any portion of the Loans, Party A may at its sole discretion issue a notice (Repayment Notice) to Party B and/or Party C requiring repayment of the entire Loans or any portion of the Loans and any other payment in arrears under this Agreement.

 

6.1.2                                       Party B and Party C shall repay the Loans by transferring the Equity Interest to Party A or the Designated Party, as directed by Party A, by signing and delivering an agreement for the transfer of the Equity Interest satisfactory to the Party A from the form to the substance.

 

6.1.3                                       Party B and Party C agree that if the total consideration to be received (if any) by Party B and Party C is higher than the registered capital of the Company corresponding to the transferred Equity Interests, the difference shall be deemed as interests and costs of Loan as much as permitted by PRC law and then the remaining consideration (if any) from the transfer of any part of the Equity Interests shall be remitted in full to Party A as a nonreciprocal transfer. If such transfer is prohibited by PRC law, Party B and Party C will remit the remaining consideration to Party A or its designees in a manner permitted under PRC law.

 

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6.1.4                                       If Party B and/or Party C fail to comply with its repayment obligations under this Agreement, late payment interest shall be assessed at the rate of 0.3% per day upon the outstanding amount of the Loan(s) and shall be payable from the Repayment Date until the date on which the total amount of the overdue loan, overdue interest and other monies payable to Party A are fully settled.

 

6.2                              Notification.  Party B and Party C shall immediately notify Party A in writing of the occurrence of any event set forth in Article 2.3 or any circumstance which may lead to the occurrence of any such event as soon as Party B and Party C know or is aware of such event or circumstance.

 

7.                                      CONFIDENTIALITY

 

7.1                       Confidentiality Obligations.  The parties shall protect and maintain the confidentiality of all information relating to or arisen from this Agreement, or made available under this Agreement to a party or any associate thereof (Confidential Information).  Without the prior written consent of the other parties, no party shall disclose any Confidential Information to any third party unless the disclosure is required by law or by enforceable orders of the court or related government departments.  Under such circumstances, the party required to disclose the Confidential Information shall notify the other parties immediately, take all possible measures to minimize the disclosure, and notify the persons to whom information is being disclosed of the confidentiality obligation. Notwithstanding anything to the contrary above, Party A shall have the full right to disclose any Confidential Information to its shareholders, affiliates or professional advisors.

 

7.2                       Obligations upon Termination.  Upon termination of this Agreement, each party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party.  If, for any reason, such document, material, database, equipment, or software cannot be returned, each party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices.  No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

 

7.3                       No Time Limit.  There is no time limit to the confidentiality obligations stipulated in this Article, which obligations will survive the termination of this Agreement unless the Confidential Information is disclosed to the public for reasons not due to the breach of this Agreement by any party.

 

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8.                                      DISPUTE RESOLUTION

 

8.1                       Governing Law.  This Agreement shall be governed by the laws of the PRC.

 

8.2                       Consultation and Mediation.  If any dispute arises in connection with this Agreement, the parties shall attempt in the first instance to resolve such dispute through friendly consultation or mediation.

 

8.3                       Arbitration.   Any dispute, controversy or claim arising out of or in connection with this Agreement shall be submitted to the China International Economic and Trade Arbitration Commission (CIETAC) for arbitration, which shall be conducted in accordance with the CIETAC’s rules in effect at the time of applying for arbitration.  The place of arbitration shall be Beijing.  The language of the arbitration shall be English. The tribunal shall consist of 3 arbitrators.  The arbitral award is final and binding upon the parties. The cost of arbitration shall be allocated as determined by the arbitrators.

 

9.                                      INDEMNITY

 

Party A agrees to indemnify and hold harmless Party B and Party C for any damages, fines or penalties solely incurred in his capacity as a shareholder or any other positions (including, without limitation, those of legal representative and director) directly as a result of the establishment of the Company and the operation of the Company’s business in contravention of PRC law; provided, however, that in no instance will Party A provide such indemnification if Party B and Party C have engaged in fraud or willful misconduct or has breached or is in breach of this Agreement.

 

10.                               MISCELLANEOUS

 

10.1                Notices.  All notices or other communications sent by each party shall be written in English or Chinese, and delivered in person, by mail or telecopy, to the other party at the following addresses.  The date at which the communication shall be deemed to be duly given or made shall be confirmed as follows: (a) for notices delivered in person, the date of delivery shall be deemed as having been duly given or made; (b) for notices delivered by mail, the 10th day of the delivery date of air certified mail with postage prepaid (as shown on stamp) or the 4th day of the delivery date to an internationally certified delivery institution shall be deemed as having been duly given or made; and (c) for notices by telecopy, the receipt date showed on the delivery confirming paper of the relevant document shall be deemed as having been duly given or made.

 

	
Party A
    	
:
    	
 
    	
Beijing Qunar Software Technology Co., Ltd.
    
	
Address
    	
:
    	
 
    	
Room 1701-1707, 1710-1720, 17th Floor, Viva
    
	
 
    	
 
    	
 
    	
Plaza, Building 18, Yard 29, Suzhou Street,
    
	
 
    	
 
    	
 
    	
Haidian District Beijing,China
    

 

13

 

	
Tel
    	
:
    	
 
    	
010-5760 3000
    
	
 
    	
 
    	
 
    	
 
    
	
Party B
    	
:
    	
 
    	
CAO Hui
    
	
Address
    	
:
    	
 
    	
Room 1802, No. 6 of 710 Nong, Caoyang Road,
    
	
 
    	
 
    	
 
    	
Putuo District, Shanghai, China
    
	
Tel
    	
:
    	
 
    	
021-34064880
    
	
 
    	
 
    	
 
    	
 
    
	
Party C
    	
:
    	
 
    	
WANG Hui
    
	
Address
    	
:
    	
 
    	
Room 603, No. 4 of 57 Nong, Xuanhua Road,
    
	
 
    	
 
    	
 
    	
Changning District, Shanghai, China
    
	
Tel
    	
:
    	
 
    	
021-34064880
    

 

10.2                Entire Agreement.  This Agreement, the Restated Exclusive Technical Consulting and Services Agreement, the Equity Pledge Agreement, the Equity Option Agreement, and the Power of Attorney entered by the Parties herein and/or other relevant parties) shall constitute the entire agreement among the parties in respect of the subject matter hereof and shall supersede any previous discussions, negotiations and agreements related thereto.

 

10.3                Amendment.  Without the prior written consent of Party A, neither Party B or Party C shall not amend this Agreement.  If required by law, the parties shall obtain all requisite approvals from the relevant authorities to give effect to the amendment.

 

10.4                No Waiver.  Unless otherwise agreed upon by the parties in writing, any failure or delay on the part of each party to exercise any right, authority or privilege under this Agreement, or under any other agreement relating hereto, shall not operate as a waiver thereof; nor shall any single or partial exercise of any right, authority or privilege preclude any other future exercise thereof.

 

10.5                Severability.  The provisions of this agreement are severable from each other.  The invalidity of any provision of this agreement shall not affect the validity or enforceability of any other provision of this agreement.

 

10.6                Successors.  This Agreement shall be valid and binding on the parties, their successors and permitted assigns.

 

10.7                Assignment.  Party A may transfer or assign any or all of its rights and obligations under this Agreement to any of its designated parties (natural person or legal entity) at any time.  In such circumstances, the transferee or assignee shall enjoy and undertake the same rights and obligations herein of Party A as if the transferee or assignee is Party A hereunder. When Party A transfers or assigns the rights and obligations under this Agreement, at the request of Party A, Party B and Party C shall execute the relevant agreements and/or documents with respect to such transfer or assignment. Party B and Party C shall not assign any of its rights or obligations hereunder without the prior written consent of the Party A.

 

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10.8                Effectiveness:  This Agreement shall be effective upon its signing by all the parties or their respective authorized representative and shall be deemed terminated as of the date when the Loans has been repaid in full.

 

10.9                Language and Counterparts.  This Agreement is prepared in 3 sets of originals in English.  Each party shall hold 1 set.

 

[The space below has been intentionally left blank.]

 

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IN WITNESS WHEREOF, each of the parties hereto has duly executed or has caused this Agreement to be duly executed in its name and on its behalf by the officer or representative duly authorized, on the day and year first above written.

 

	
Party   A:
    	
 
    
	
 
    	
 
    
	
Beijing   Qunar Software Technology Co., Ltd.
    (Company Seal)
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By: 
    	
/s/ Wei Fang
    	
 
    	
 
    
	
Name: Wei Fang 
    	
 
    
	
Title: Legal   Representative
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party   B:
    	
 
    
	
 
    	
 
    
	
/s/ Cao Hui
    	
 
    
	
Cao Hui
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party   C:  
    	
 
    
	
 
    	
 
    
	
/s/ Wang Hui
    	
 
    
	
Wang Hui

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