Document:

exv10w7

Exhibit 10.7

Share Pledge Agreement

     This Share Pledge Agreement (this “Agreement”) has been executed by and among the
following Parties on this ___ day of ______, in Beijing:

	 	 	 

	Party A:

	 	Beijing Bitauto Internet Information Company (hereinafter
“Pledgee”)
	 
	 	 
	Address:

	 	Beijing New Century Hotel Office Building 6 Flr, No.6 Beijing
Capital Stadium Road South, Haidian District, Beijing, P.R.
China 100044
	 
	 	 
	Party B:

	 	[a shareholder of our PRC SPEs] (hereinafter “Pledgor”)
	ID Number:

	 	
	 
	 	 
	Party C:

	 	[one of our PRC SPEs]
	Address:

	 	

     In this Agreement, each of Pledgee, Pledgor and Party C shall be referred to as a “Party”
respectively, and they shall be collectively referred to as the “Parties”.

     Whereas,

	 	1.	 	Pledgor is the citizens of the People’s Republic of China (“China”), and holds 80%
of the equity interest in Party C. Party C is a limited liability company registered in
Beijing, China engaging in e-commerce and internet content provision business. Party C
intends to acknowledge the respective rights and obligations of Pledgor and Pledgee under
this Agreement, and to provide any necessary assistance in registering the Pledge;
	 
	 	2.	 	Pledgee is a Wholly Foreign Owned Enterprise registered in Beijing, China. Pledgee
and Party C have executed an Exclusive Business Cooperation Agreement on _________;
	 
	 	3.	 	To ensure that Pledgee collects all payments due by Party C, including without
limitation the consulting and service fees regularly from Party C, Pledgor hereby pledges
all of the equity interest he holds in Party C as security for Party C’s payment of the
consulting and service fees under the Exclusive Business Cooperation Agreement.

     To perform the provisions of the Business Cooperation Agreement, the Parties have mutually
agreed to execute this Agreement upon the following terms.

1. Definitions

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

	 	1.1	 	Pledge: shall refer to the security interest granted by Pledgor to Pledgee

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	 	 	 	pursuant to Article 2 of this Agreement, i.e., the right of Pledgee to be compensated on
a preferential basis with the conversion, auction or sales price of the Equity Interest.
	 
	 	1.2	 	Equity Interest: shall refer to all of the equity interest lawfully now held and
hereafter acquired by Pledgor in Party C.
	 
	 	1.3	 	Term of Pledge: shall refer to the term set forth in Section 3 of this Agreement.
	 
	 	1.4	 	Business Cooperation Agreement: shall refer to the Exclusive Business Cooperation
Agreement executed by and between Pledgee and Party C, partially owned by Pledgor on
_________.
	 
	 	1.5	 	Event of Default: shall refer to any of the circumstances set forth in Article 7 of
this Agreement.
	 
	 	1.6	 	Notice of Default: shall refer to the notice issued by Pledgee in accordance with
this Agreement declaring an Event of Default.

2. The Pledge

As collateral security for the prompt and complete payment and performance when due (whether
at stated maturity, by acceleration or otherwise) of any or all the payments due by Party C,
including without limitation the consulting and services fees payable to the Pledgee under the
Business Cooperation Agreement, Pledgor hereby pledges to Pledgee a first security interest in
all of Pledgor’s right, title and interest, whether now owned or hereafter acquired by
Pledgor, in the Equity Interest of Party C.

3. Term of Pledge

	 	3.1	 	The Pledge shall become effective as of the date when the pledge of the Equity
Interest is registered in the shareholders’ register of Party C. The Pledge shall be
continuously valid until all payments due under the Business Cooperation Agreement have
been fulfilled by Party C. The Parties agree that Pledgor and Party C shall register the
Pledge in the shareholders’ register of Party C within 3 business days following the
execution of this Agreement.
	 
	 	3.2	 	During the Term of Pledge, in the event Party C fails to pay the exclusive
consulting or service fees in accordance with the Business Cooperation Agreement, Pledgee
shall have the right, but not the obligation, to dispose of the Pledge in accordance with
the provisions of this Agreement.

4. Custody of Records for Equity Interest subject to Pledge

	 	4.1	 	During the Term of Pledge set forth in this Agreement, Pledgor shall deliver to
Pledgee’s custody the capital contribution certificate for the Equity Interest and the
shareholders’ register containing the Pledge within

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	 	 	 	one week from the execution of this Agreement. Pledgee shall have custody of such items
during the entire Term of Pledge set forth in this Agreement.
	 
	 	4.2	 	Pledgee shall have the right to collect dividends generated by the Equity Interest
during the Term of Pledge.

5. Representations and Warranties of Pledgor

	 	5.1	 	Pledgor is the sole legal and beneficial owner of the Equity Interest.
	 
	 	5.2	 	Pledgee shall have the right to dispose of and transfer the Equity Interest in
accordance with the provisions set forth in this Agreement.
	 
	 	5.3	 	Except for the Pledge, Pledgor has not placed any security interest or other
encumbrance on the Equity Interest.

6. Covenants and Further Agreements of Pledgor

	 	6.1	 	Pledgor hereby covenants to the Pledgee, that during the term of this Agreement,
Pledgor shall:

	 	6.1.1	 	not transfer the Equity Interest, place or permit the existence of any
security interest or other encumbrance that may affect the Pledgee’s rights and
interests in the Equity Interest, without the prior written consent of Pledgee,
except for the performance of the Exclusive Option Agreement executed by Pledgor,
Pledgee and Party C on _________;
	 
	 	6.1.2	 	comply with the provisions of all laws and regulations applicable to
the pledge of rights, and within 5 days of receipt of any notice, order or
recommendation issued or prepared by relevant competent authorities regarding the
Pledge, shall present the aforementioned notice, order or recommendation to
Pledgee, and shall comply with the aforementioned notice, order or recommendation
or submit objections and representations with respect to the aforementioned matters
upon Pledgee’s reasonable request or upon consent of Pledgee;
	 
	 	6.1.3	 	promptly notify Pledgee of any event or notice received by Pledgor
that may have an impact on Pledgee’s rights to the Equity Interest or any portion
thereof, as well as any event or notice received by Pledgor that may have an impact
on any guarantees and other obligations of Pledgor arising out of this Agreement.

	 	6.2	 	Pledgor agrees that the rights acquired by Pledgee in accordance with this
Agreement with respect to the Pledge shall not be interrupted or harmed by Pledgor or any
heirs or representatives of Pledgor or any other persons through any legal proceedings.
	 
	 	6.3	 	To protect or perfect the security interest granted by this Agreement for

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	 	 	 	payment of the consulting and service fees under the Business Cooperation Agreement,
Pledgor hereby undertakes to execute in good faith and to cause other parties who have
an interest in the Pledge to execute all certificates, agreements, deeds and/or
covenants required by Pledgee. Pledgor also undertakes to perform and to cause other
parties who have an interest in the Pledge to perform actions required by Pledgee, to
facilitate the exercise by Pledgee of its rights and authority granted thereto by this
Agreement, and to enter into all relevant documents regarding ownership of Equity
Interest with Pledgee or designee(s) of Pledgee (natural/legal persons). Pledgor
undertakes to provide Pledgee within a reasonable time with all notices, orders and
decisions regarding the Pledge that are required by Pledgee.
	 
	 	6.4	 	Pledgor hereby undertakes to comply with and perform all guarantees, promises,
agreements, representations and conditions under this Agreement. In the event of failure
or partial performance of its guarantees, promises, agreements, representations and
conditions, Pledgor shall indemnify Pledgee for all losses resulting therefrom.

7. Event of Breach

	 	7.1	 	The following circumstances shall be deemed Event of Default:

	 	7.1.1	 	Party C fails to pay in full any of the consulting and service fees
payable under the Business Cooperation Agreement or breaches any other obligations
of Party C thereunder;
	 
	 	7.1.2	 	Any representation or warranty by Pledgor in Article 5 of this
Agreement contains material misrepresentations or errors, and/or Pledgor violates
any of the warranties in Article 5 of this Agreement;
	 
	 	7.1.3	 	Pledgor and Party C fail to register the Pledge in the shareholders’
register of Party C stipulated in Section 3.1;
	 
	 	7.1.4	 	Pledgor and Party C breach any provisions of this Agreement;
	 
	 	7.1.5	 	Except as expressly stipulated in Section 6.1.1, Pledgor transfers or
purports to transfer or abandons the Equity Interest pledged or assigns the Equity
Interest pledged without the written consent of Pledgee;
	 
	 	7.1.6	 	Any of Pledgor’s own loans, guarantees, indemnifications, promises or
other debt liabilities to any third party or parties (1) become subject to a demand
of early repayment or performance due to default on the part of Pledgor; or (2)
become due but are not capable of being repaid or performed in a timely manner;
	 
	 	7.1.7	 	Any approval, license, permit or authorization of government agencies
that makes this Agreement enforceable, legal and effective is withdrawn,
terminated, invalidated or substantively changed;

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	 	7.1.8	 	The promulgation of applicable laws renders this Agreement illegal or
renders it impossible for Pledgor to continue to perform its obligations under this
Agreement;
	 
	 	7.1.9	 	Adverse changes in properties owned by Pledgor, which lead Pledgee to
believe that that Pledgor’s ability to perform its obligations under this Agreement
has been affected;
	 
	 	7.1.10	 	The successor or custodian of Party C is capable of only partially perform or
refuses to perform the payment obligations under the Business Cooperation
Agreement; and
	 
	 	7.1.11	 	Any other circumstances occur where Pledgee is or may become unable to exercise
its right with respect to the Pledge.

	 	7.2	 	Upon notice or discovery of the occurrence of any circumstances or event that may
lead to the aforementioned circumstances described in Section 7.1, Pledgor shall
immediately notify Pledgee in writing accordingly.
	 
	 	7.3	 	Unless an Event of Default set forth in this Section 7.1 has been successfully
resolved to Pledgee’s satisfaction, Pledgee may issue a Notice of Default to Pledgor in
writing upon the occurrence of the Event of Default or at any time thereafter and demand
that Pledgor immediately pay all outstanding payments due under the Business Cooperation
Agreement and all other payments due to Pledgee, and/or dispose of the Pledge in
accordance with the provisions of Article 8 of this Agreement.

8. Exercise of Pledge

	 	8.1	 	Prior to the full payment of the consulting and service fees described in the
Business Cooperation Agreement, without the Pledgee’s written consent, Pledgor shall not
assign the Pledge or the Equity Interest in Party C.
	 
	 	8.2	 	Pledgee may issue a Notice of Default to Pledgor when exercising the Pledge.
	 
	 	8.3	 	Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce
the Pledge concurrently with the issuance of the Notice of Default in accordance with
Section 7.2 or at any time after the issuance of the Notice of Default. Once Pledgee
elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or
interests associated with the Equity Interest.
	 
	 	8.4	 	In the event of default, Pledgee is entitled to take possession of the Equity
Interest pledged hereunder and to dispose of the Equity Interest pledged, to the extent
permitted and in accordance with applicable laws, without obligation to account to
Pledgor for proceeds of disposition and Pledgor hereby waives any rights it may have to
demand any such accounting from Pledgee. Likewise, in such circumstance Pledgor shall
have no obligation to Pledgee for any deficiency remaining after such disposition of the
Equity

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	 	 	 	Interest pledged.
	 
	 	8.5	 	When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and
Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in
accordance with this Agreement.

9. Assignment

	 	9.1	 	Without Pledgee’s prior written consent, Pledgor shall not have the right to assign
or delegate its rights and obligations under this Agreement.
	 
	 	9.2	 	This Agreement shall be binding on Pledgor and its successors and permitted
assigns, and shall be valid with respect to Pledgee and each of its successors and
assigns.
	 
	 	9.3	 	At any time, Pledgee may assign any and all of its rights and obligations under the
Business Cooperation Agreement to its designee(s) (natural/legal persons), in which case
the assigns shall have the rights and obligations of Pledgee under this Agreement, as if
it were the original party to this Agreement. When the Pledgee assigns the rights and
obligations under the Business Cooperation Agreement, upon Pledgee’s request, Pledgor
shall execute relevant agreements or other documents relating to such assignment.
	 
	 	9.4	 	In the event of a change in Pledgee due to an assignment, Pledgor shall, at the
request of Pledgee, execute a new pledge agreement with the new pledgee on the same terms
and conditions as this Agreement.
	 
	 	9.5	 	Pledgor shall strictly abide by the provisions of this Agreement and other
contracts jointly or separately executed by the Parties hereto or any of them, including
the Exclusive Option Agreement and the Power of Attorney granted to Pledgee, perform the
obligations hereunder and thereunder, and refrain from any action/omission that may
affect the effectiveness and enforceability thereof. Any remaining rights of Pledgor with
respect to the Equity Interest pledged hereunder shall not be exercised by Pledgor except
in accordance with the written instructions of Pledgee.

10. Termination

Upon the full payment of the consulting and service fees under the Business Cooperation
Agreement and upon termination of Party C’s obligations under the Business Cooperation
Agreement, this Agreement shall be terminated, and Pledgee shall then cancel or terminate this
Agreement as soon as reasonably practicable.

11. Handling Fees and Other Expenses

All fees and out of pocket expenses relating to this Agreement, including but not limited to
legal costs, costs of production, stamp tax and any other taxes and fees, shall be borne by
Party C. If Law (not defined) requires that Pledgee should bear some related taxes and fees,
Pledgor shall cause Party C to fully repay Pledgee

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the paid taxes and fees.

12. Confidentiality

The Parties acknowledge that any oral or written information exchanged among them with respect
to this Agreement is confidential information. Each Party shall maintain the confidentiality
of all such information, and without obtaining the written consent of other Parties, it shall
not disclose any relevant information to any third parties, except in the following
circumstances: (a) such information is or will be in the public domain (provided that this is
not the result of a public disclosure by the receiving party); (b) information disclosed as
required by applicable laws or rules or regulations of any stock exchange; or (c) information
required to be disclosed by any Party to its legal counsel or financial advisor regarding the
transaction contemplated hereunder, and such legal counsel or financial advisor are also bound
by confidentiality duties similar to the duties in this section. Disclosure of any
confidential information by the staff members or agency hired by any Party shall be deemed
disclosure of such confidential information by such Party, which Party shall be held liable
for breach of this Agreement. This section shall survive the termination of this Agreement for
any reason.

13. Governing Law and Resolution of Disputes

	 	13.1	 	The execution, effectiveness, construction, performance, and the resolution of
disputes hereunder shall be governed by the formally published and publicly available
laws of China. Matters not covered by formally published and publicly available laws of
China shall be governed by international legal principles and practices.
	 
	 	13.2	 	In the event of any dispute with respect to the construction and performance of the
provisions of this Agreement, the Parties shall negotiate in good faith to resolve the
dispute. In the event the Parties fail to reach an agreement on the resolution of such a
dispute within 30 days after any Party’s request for resolution of the dispute through
negotiations, any Party may submit the relevant dispute to the China International
Economic and Trade Arbitration Commission for arbitration, in accordance with its then
effective arbitration rules. The arbitration shall be conducted in Beijing, and the
language used during arbitration shall be Chinese. The arbitration ruling shall be final
and binding on all Parties.
	 
	 	13.3	 	Upon the occurrence of any disputes arising from the construction and performance
of this Agreement or during the pending arbitration of any dispute, except for the
matters under dispute, the Parties to this Agreement shall continue to exercise their
respective rights under this Agreement and perform their respective obligations under
this Agreement.

14. Notices

	 	14.1	 	All notices and other communications required or permitted to be given pursuant to
this Agreement shall be delivered personally or sent by

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	 	 	 	registered mail, postage prepaid, by a commercial courier service or by facsimile
transmission to the address of such party set forth below. A confirmation copy of each
notice shall also be sent by E-mail. The dates on which notices shall be deemed to have
been effectively given shall be determined as follows:

	 	14.1.1	 	Notices given by personal delivery, by courier service or by registered mail,
postage prepaid, shall be deemed effectively given on the date of delivery or
refusal at the address specified for notices.
	 
	 	14.1.2	 	Notices given by facsimile transmission shall be deemed effectively given on the
date of successful transmission (as evidenced by an automatically generated
confirmation of transmission).

	 	14.2	 	For the purpose of notices, the addresses of the Parties are as follows:

	 	 	 	 	 

	 

	 	Party A:
	 	Beijing Bitauto Internet Information Company
	 
	 	 	 	 
	 

	 	Address:
	 	Beijing New Century Hotel Office Building 6 Flr, No.6 Beijing Capital Stadium
Road South, Haidian District, Beijing, P.R. China 100044
	 

	 	Attn:
	 	Ye Jing/Li Bin
	 

	 	Phone:
	 	6849 2345
	 

	 	Facsimile:
	 	6849 2726
	 
	 	 	 	 
	 

	 	Party B:
	 	[a shareholder of our PRC SPEs]
	 

	 	Address:
	 	
	 

	 	Tel:
	 	
	 
	 	 	 	 
	 

	 	Party C:
	 	[one of our PRC SPEs]]
	 

	 	Address:
	 	
	 

	 	Attn:
	 	
	 

	 	Phone:
	 	
	 

	 	Facsimile:
	 	

	 	14.3	 	Any Party may at any time change its address for notices by a notice delivered to
the other Parties in accordance with the terms hereof.

15. Severability

In the event that one or several of the provisions of this Contract are found to be invalid,
illegal or unenforceable in any aspect in accordance with any laws or regulations, the
validity, legality or enforceability of the remaining provisions of this Contract shall not be
affected or compromised in any respect. The Parties shall strive in good faith to replace such
invalid, illegal or unenforceable provisions with effective provisions that accomplish to the
greatest extent permitted by law and the intentions of the Parties, and the economic effect of
such effective provisions shall be as close as possible to the economic effect of those
invalid, illegal or unenforceable provisions.

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16. Attachments

     The attachments set forth herein shall be an integral part of this Agreement.

17. Effectiveness

	 	17.1	 	Any amendments, changes and supplements to this Agreement shall be in writing and
shall become effective upon completion of the governmental filing procedures (if
applicable) after the affixation of the signatures or seals of the Parties.
	 
	 	17.2	 	This Agreement is written in Chinese and English in three copies. Pledgor, Pledgee
and Party C shall hold one copy respectively. Each copy of this Agreement shall have
equal validity. In case there is any conflict between the Chinese version and the
English version, the Chinese version shall prevail.

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

Party A: Beijing Bitauto Internet Information Company

	 	 	 	 	 

	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:

	 	Legal Representative	 	 
	 
	 	 	 	 
	Party B:

	 	[a shareholder of our PRC SPEs]	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Party C:

	 	[one of our PRC SPEs]	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:

	 		 	 

[Signature Page to Share Pledge Agreement — Bitauto IT]

 

 

Attachments:

	1.	 	Shareholders’ register of Beijing Bitauto Information Technology Company Limited;
	 
	2.	 	The Capital Contribution Certificate for Beijing Bitauto Information Technology Company
Limited.;
	 
	3.	 	Exclusive Business Cooperation Agreementexv10w8

Exhibit 10.8

Loan Agreement

     This Loan Agreement (this “Agreement”) is made and entered into by and between the
Parties below as of the — day of                      , in Beijing, China:

	 	(1)	 	Beijing Bitauto Internet Information Company (“Lender”), a Wholly Foreign Owned
Enterprise, organized and existing under the laws of the People’s Republic of China
(“PRC” or “China”), with its address at Beijing New Century Hotel Office Building 6 Flr,
No.6 Beijing Capital Stadium Road South, Haidian District, Beijing, P.R. China 100044;
	 
	 	(2)	 	[a shareholder of our PRC SPEs] (“Borrower”), a citizen of the People’s Republic of
China (“China”) with Chinese Identification Card No.:                .

     Each of the Lender and the Borrower shall be hereinafter referred to as a “Party”
respectively, and as the “Parties” collectively.

     Whereas:

	 	1.	 	Borrower holds                % of equity interests (“Borrower Equity Interest”) in [one of our
PRC SPEs] (“Borrower Company”), which is a limited company duly registered in Beijing,
China with its registered capital of RMB                ;
	 
	 	2.	 	Lender intends to provide Borrower with a loan to be used for the purposes set
forth under this Agreement.

     After friendly consultation, the Parties agree as follows:

	1.	 	Loan

	 	1.1	 	In accordance with the terms and conditions of this Agreement, Lender agrees to
provide an interest-free loan in the amount of RMB
                (the “Loan”) to Borrower. The term
of the Loan shall be
                years from the date of this Agreement, which may be extended
upon mutual written consent of the Parties. During the term of the Loan or the extended
term of the Loan, Borrower shall immediately repay the full amount of the Loan in the
event any one or more of the following circumstances occur:

	 	1.1.1	 	30 days elapse after Borrower receives a written notice from Lender
requesting repayment of the Loan;
	 
	 	1.1.2	 	Borrower’s death, lack or limitation of civil capacity;
	 
	 	1.1.3	 	Borrower ceases (for any reason) to be an employee of Lender, Borrower
Company or their affiliates;

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	 	1.1.4	 	Borrower engages in criminal act or is involved in criminal
activities;
	 
	 	1.1.5	 	Any third party filed a claim against Borrower that exceeds RMB [•];
or
	 
	 	1.1.6	 	According to the applicable laws of China, foreign investors are
permitted to invest in the e-commerce and Internet content provision business
and/or other business approved by Lender in China with a controlling stake or in
the form of wholly-foreign-owned enterprises, the relevant competent authorities of
China begin to approve such investments, and Lender exercises the exclusive option
under the Exclusive Option Agreement (the “Exclusive Option Agreement”) described
in this Agreement.

	 
	 	1.2	 	Lender agrees to remit the total amount of the Loan to the account designated by
Borrower within 20 days after receiving a written notification from the Borrower
regarding the same, provided that all the conditions precedent in Section 2 are
fulfilled. Borrower shall provide Lender with a written receipt for the Loan upon
receiving the Loan. The Loan provided by Lender under this Agreement shall inure to
Borrower’s benefit only and not to Borrower’s successors or assigns.
	 
	 	1.3	 	Borrower agrees to accept the aforementioned Loan provided by Lender, and hereby
agrees and warrants using the Loan to provide capital for Borrower Company to develop the
business of Borrower Company. Without Lender’s prior written consent, Borrower shall not
use the Loan for any purpose other than as set forth herein.
	 
	 	1.4	 	Lender and Borrower hereby agree and acknowledge that Borrower’s method of
repayment shall be at the sole discretion of Lender, and may at Lender’s option take the
form of Borrower’s transferring the Borrower Equity Interest in whole to Lender or
Lender’s designated persons (legal or natural persons) pursuant to the Lender’s exercise
of its right to acquire the Borrower Equity Interest under the Exclusive Option
Agreement.
	 
	 	1.5	 	Lender and Borrower hereby agree and acknowledge that any proceeds from the
transfer of the Borrower Equity Interest (to the extent permissible) shall be used to
repay the Loan to Lender, in accordance with this Agreement and in the manner designated
by Lender.
	 
	 	1.6	 	Lender and Borrower hereby agree and acknowledge that to the extent permitted by
applicable laws, Lender shall have the right but not the obligation to purchase or
designate other persons (legal or natural persons) to purchase Borrower Equity Interest
in part or in whole at any time, at the price stipulated in the Exclusive Option
Agreement.
	 
	 	1.7	 	Borrower also undertakes to execute an irrevocable Power of Attorney (the “Power of
Attorney”), which authorizes Lender or a legal or natural person

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	 	 	 	designated by Lender to exercise all of Borrower’s rights as a shareholder of Borrower
Company.

	2.	 	Conditions Precedent
	 
	 	 	The obligation of Lender to provide the Loan to Borrower contemplated in Section 1.1 shall be
subject to the satisfaction of the following conditions, unless waived in writing by Lender.

	 	2.1	 	Lender receives the written notification for drawdown under the Loan sent by
Borrower according to Section 1.2.
	 
	 	2.2	 	Borrower Company and Lender or other person (legal or natural person) designated by
Lender have officially executed an Exclusive Business Cooperation Agreement (“Exclusive
Business Cooperation Agreement”), under which Lender or other person designated by
Lender, as an exclusive service provider, will provide Borrower Company with technical
service and business consulting service.
	 
	 	2.3	 	Borrower, Borrower Company and Lender or other person (legal or natural person)
designated by Lender have executed a Share Pledge Agreement (“Share Pledge Agreement”),
the contents of which have been confirmed, and according to the Share Pledge Agreement,
Borrower agrees to pledge Borrower Equity Interest to Lender or other person designated
by Lender.
	 
	 	2.4	 	Borrower, Lender and Borrower Company have officially executed an Exclusive Option
Agreement, the contents of which have been confirmed, and under which Borrower shall
irrevocably grant Lender an exclusive option to purchase all of the Borrower Equity
Interest.
	 
	 	2.5	 	Borrower has executed an irrevocable Power of Attorney (“Power of Attorney”), which
authorizes Lender or other person (legal or natural person) designated by Lender to
exercise all of Borrower’s rights as a shareholder in Borrower Company.
	 
	 	2.6	 	The aforementioned Share Pledge Agreement, Power of Attorney, Exclusive Option
Agreement and Exclusive Business Cooperation Agreement have been entered into before or
on the date of execution of this Agreement and shall have full legal validity without any
default or encumbrance related to these agreements or contracts, and all the related
filing procedures, approvals, authorization, registrations and government procedures have
been completed (as applicable).
	 
	 	2.7	 	All the representations and warranties by Borrower in Section 3.2 are true,
complete, correct and not misleading.
	 
	 	2.8	 	Borrower has not violated the covenants in Section 4 of this Agreement, and no
event which may affect Borrower’s performance of its obligations under this Agreement has
occurred or is expected to occur.

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	3.	 	Representations and Warranties

	 	3.1	 	Between the date of this Agreement and the date of termination of this Agreement,
Lender hereby makes the following representations and warranties to Borrower:

	 	3.1.1	 	Lender is a corporation duly organized and legally existing in
accordance with the laws of China;
	 
	 	3.1.2	 	Lender has the legal capacity to execute and perform this Agreement.
The execution and performance by Lender of this Agreement is consistent with
Lender’s scope of business and the provisions of Lender’s corporate bylaws and
other organizational documents, and Lender has obtained all necessary and proper
approvals and authorizations for the execution and performance of this Agreement;
and
	 
	 	3.1.3	 	This Agreement constitutes Lender’s legal, valid and binding
obligations enforceable in accordance with its terms.

	 	3.2	 	Between the date of this Agreement and the date of termination of this Agreement,
Borrower hereby makes the following representations and warranties:

	 	3.2.1	 	Borrower has the legal capacity to execute and perform this Agreement.
Borrower has obtained all necessary and proper approvals and authorizations for the
execution and performance of this Agreement;
	 
	 	3.2.2	 	This Agreement constitutes Borrower’s legal, valid and binding
obligations enforceable in accordance with its terms; and
	 
	 	3.2.3	 	There are no disputes, litigations, arbitrations, administrative
proceedings or any other legal proceedings relating to Borrower, nor are there any
potential disputes, litigations, arbitrations, administrative proceedings or any
other legal proceedings relating to Borrower.

	4.	 	Borrower’s Covenants 

	 	4.1	 	As and when he becomes, and for so long as he remains a shareholder of Borrower
Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower
shall cause Borrower Company:

	 	4.1.1	 	to strictly abide by the provisions of the Exclusive Option Agreement
and the Exclusive Business Cooperation Agreement, and to refrain from any
action/omission that may affect the effectiveness and enforceability of the
Exclusive Option Agreement and the Exclusive Business Cooperation Agreement;

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	 	4.1.2	 	at the request of Lender (or a party designated by Lender), to execute
contracts/agreements on business cooperation with Lender (or a party designated by
Lender), and to strictly abide by such contracts/agreements;
	 
	 	4.1.3	 	to provide Lender with all of the information on Borrower Company’s
business operations and financial condition at Lender’s request;
	 
	 	4.1.4	 	to immediately notify Lender of the occurrence or possible occurrence
of any litigation, arbitration or administrative proceedings relating to Borrower
Company’s assets, business or income;
	 
	 	4.1.5	 	at the request of Lender, to appoint any persons designated by Lender
as directors of Borrower Company;

	 	4.2	 	Borrower covenants that during the term of this Agreement, he shall:

	 	4.2.1	 	endeavor to keep Borrower Company to engage in its current e-commerce
and internet content provision businesses;
	 
	 	4.2.2	 	abide by the provisions of this Agreement, the Power of Attorney, the
Share Pledge Agreement and the Exclusive Option Agreement, perform his obligations
under this Agreement, the Power of Attorney, the Share Pledge Agreement and the
Exclusive Option Agreement, and refrain from any action/omission that may affect
the effectiveness and enforceability of this Agreement, the Power of Attorney, the
Share Pledge Agreement and the Exclusive Option Agreement;
	 
	 	4.2.3	 	not sell, transfer, mortgage or dispose of in any other manner the
legal or beneficial interest in Borrower Equity Interest, or allow the encumbrance
thereon of any security interest or the encumbrance, except in accordance with the
Share Pledge Agreement;
	 
	 	4.2.4	 	cause any shareholders’ meeting and/or the board of directors of
Borrower Company not to approve the sale, transfer, mortgage or disposition in any
other manner of any legal or beneficial interest in Borrower Equity Interest, or
allow the encumbrance thereon of any security interest, except to Lender or
Lender’s designated person;
	 
	 	4.2.5	 	cause any shareholders’ meeting and/or the board of directors of the
Borrower Company not to approve the merger or consolidation of Borrower Company
with any person, or its acquisition of or investment in any person, without the
prior written consent of Lender;

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	 	4.2.6	 	immediately notify Lender of the occurrence or possible occurrence of
any litigation, arbitration or administrative proceedings relating to Borrower
Equity Interest;
	 
	 	4.2.7	 	to the extent necessary to maintain his ownership of the Borrower
Equity Interest, execute all necessary or appropriate documents, take all necessary
or appropriate actions and file all necessary or appropriate complaints or raise
necessary and appropriate defense against all claims;
	 
	 	4.2.8	 	without the prior written consent of Lender, refrain from any action /
omission that may have a material impact on the assets, business and liabilities of
Borrower Company;
	 
	 	4.2.9	 	appoint any designee of Lender as director of Borrower Company, at the
request of Lender;
	 
	 	4.2.10	 	to the extent permitted by the laws of China, at the request of Lender at any
time, promptly and unconditionally transfer all of Borrower Equity Interest to
Lender or Lender’s designated representative(s) at any time, and cause the other
shareholders of Borrower Company to waive their right of first refusal with respect
to the share transfer described in this Section;
	 
	 	4.2.11	 	to the extent permitted by the laws of China, at the request of Lender at any
time, cause the other shareholders of Borrower Company to promptly and
unconditionally transfer all of their equity interests to Lender or Lender’s
designated representative(s) at any time, and Borrower hereby waives his right of
first refusal (if any) with respect to the share transfer described in this
Section;
	 
	 	4.2.12	 	in the event that Lender purchases Borrower Equity Interest from Borrower in
accordance with the provisions of the Exclusive Option Agreement, use such purchase
price obtained thereby to repay the Loan to Lender; and
	 
	 	4.2.13	 	without the prior written consent of Lender, not to cause Borrower Company to
supplement, change, or amend its articles of association in any manner, increase or
decreases its registered capital or change its share capital structure in any
manner.

	5.	 	Liability for Default

	 	5.1	 	In the event either Party breaches this Agreement or otherwise causes the
non-performance of this Agreement in part or in whole, the Party shall be liable for such
breach and shall compensate all damages (including litigation and attorneys fees)
resulting therefrom. In the event that both Parties breach this Agreement, each Party
shall be liable for its respective breach.

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	 	5.2	 	In the event that Borrower fails to perform the repayment obligations set forth in
this Agreement, Borrower shall pay overdue interest of 0.01% per day for the outstanding
payment, until the day Borrower repays the full principal of the Loan, overdue interests
and other payable amounts.

	6.	 	Notices

	 	6.1	 	All notices and other communications required or permitted to be given pursuant to
this Agreement shall be delivered personally or sent by registered mail, postage prepaid,
by a commercial courier service or by facsimile transmission to the address of such Party
set forth below. A confirmation copy of each notice shall also be sent by email. The
dates on which notices shall be deemed to have been effectively given shall be determined
as follows:

	 	6.1.1	 	Notices given by personal delivery, by courier service or by
registered mail, postage prepaid, shall be deemed effectively given on the date of
delivery.
	 
	 	6.1.2	 	Notices given by facsimile transmission shall be deemed effectively
given on the date of successful transmission (as evidenced by an automatically
generated confirmation of transmission).

	 	6.2	 	For the purpose of notices, the addresses of the Parties are as follows:

	 	 	 	 	 

	 

	 	Lender:
	 	Beijing Bitauto Internet Information Company
	 

	 	Address:
	 	Beijing New Century Hotel Office Building 6 Flr, No.6 Beijing Capital Stadium
Road South, Haidian District, Beijing, P.R. China 100044
	 

	 	Attn:
	 	Ye Jing/Li Bin
	 

	 	Phone:
	 	6849 2345 
	 

	 	Facsimile:
	 	6849 2726 
	 
	 	 	 	 
	 

	 	Party B:
	 	[a shareholder of our PRC SPEs]
	 

	 	Address:
	 	            
	 

	 	Phone:
	 	            

	 	6.3	 	Any Party may at any time change its address for notices by a notice delivered to
the other Party in accordance with the terms hereof.

	7.	 	Confidentiality
	 
	 	 	The Parties acknowledge that any oral or written information exchanged among them with respect
to this Agreement is confidential information. The Parties shall maintain the confidentiality
of all such information, and without the written consent of other Party, either Party shall
not disclose any relevant information to any third party, except in the following
circumstances: (a) such information is or will be in the public domain (provided that this is
not the result of a public disclosure by the receiving party); (b) information disclosed as
required by applicable laws or rules or regulations of any stock exchange; or (c) information

7

 

	 	 	required to be disclosed by any Party to its legal counsel or financial advisor regarding the
transaction contemplated hereunder, and such legal counsel or financial advisor are also bound
by confidentiality duties similar to the duties in this section. Disclosure of any
confidential information by the staff members or agency hired by any Party shall be deemed
disclosure of such confidential information by such Party, which Party shall be held liable
for breach of this Agreement. This section shall survive the termination of this Agreement for
any reason.

	8.	 	Governing Law and Resolution of Disputes

	 	8.1	 	The execution, effectiveness, construction, performance, amendment and termination
of this Agreement and the resolution of disputes shall be governed by the laws of China.
	 
	 	8.2	 	In the event of any dispute with respect to the construction and performance of
this Agreement, the Parties shall first resolve the dispute through friendly
negotiations. In the event the Parties fail to reach an agreement on the dispute within
30 days after either Party’s request to the other Party for resolution of the dispute
through negotiations, either Party may submit the relevant dispute to the China
International Economic and Trade Arbitration Commission for arbitration, in accordance
with its then effective arbitration rules. The arbitration shall be conducted in Beijing,
and the language used in arbitration shall be Chinese. The arbitration award shall be
final and binding on all Parties.
	 
	 	8.3	 	Upon the occurrence of any disputes arising from the construction and performance
of this Agreement or during the pending arbitration of any dispute, except for the
matters under dispute, the Parties to this Agreement shall continue to exercise their
respective rights under this Agreement and perform their respective obligations under
this Agreement.

	9.	 	Miscellaneous

	 	9.1	 	This Agreement shall become effective on the date thereof, and shall expire upon
the date of full performance by the Parties of their respective obligations under this
Agreement.
	 
	 	9.2	 	This Agreement shall be written in both Chinese and English language in two copies,
each Party having one copy with equal legal validity. In case there is any conflict
between the Chinese version and the English version, the Chinese version shall prevail.
	 
	 	9.3	 	This Agreement may be amended or supplemented through written agreement by and
between Lender and Borrower. Such written amendment agreement and/or supplementary
agreement executed by and between Lender and Borrower are an integral part of this
Agreement, and shall have the same legal validity as this Agreement.

8

 

	 	9.4	 	In the event that one or several of the provisions of this Agreement are found to
be invalid, illegal or unenforceable in any aspect in accordance with any laws or
regulations, the validity, legality or enforceability of the remaining provisions of this
Agreement shall not be affected or compromised in any respect. The Parties shall strive
in good faith to replace such invalid, illegal or unenforceable provisions with effective
provisions that accomplish to the greatest extent permitted by law the intentions of the
Parties, and the economic effect of such effective provisions shall be as close as
possible to the economic effect of those invalid, illegal or unenforceable provisions.
	 
	 	9.5	 	The attachments (if any) to this Agreement shall be an integral part of this
Agreement and shall have the same legal validity as this Agreement.

9

 

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

	 	 	 	 	 

	 

	 	Lender:
	 	Beijing Bitauto Internet Information Company
	 
	 	 	 	 
	 

	 	By:

Name:
	 	 
 
	 

	 	Title:
	 	Legal Representative

[Signature Page to Loan Agreement — Bitauto IT]

 

	 	 	 

	Borrower:

	 	[a shareholder of our PRC SPEs]
	By:

	 	                    

[Signature Page to Loan Agreement — Bitauto IT]

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