Document:

English Translation of Licensing Agreement dated September 18, 2003

 Exhibit 10.47 
 Licensing Agreement 
 Hongcheng Technology Development Co., Ltd 
 Licensing Agreement 
 Signed at:
Dalian 

 Party A: Dalian Dongcai Technology Development Co., Ltd 
 Address: No. 217, Jianshan Street, Shahekou District, Dalian 
 Tel:
0411-4710817 
 Fax: 0411-4710817 
 Party B: Hongcheng
Technology Development Co., Ltd 
 Address: Fl.12, Capital Times Square, No. 88, West Chang’an Street, Beijing 
 Tel: 010-83915888 
 Fax: 010-83913165 
 The following agreement on the licensed right to use the relevant technological product provided by Party B to Party A was entered into by the two parties upon friendly
negotiation on the basis of reciprocity and mutual benefit: 
  

	I.	Party B will provide Party A with the licensed right to use their technological product with the independent intellectual property rights and re-license right agreed to in this
agreement. 

  

	II.	Product and service 

  

	1.	Product name (hereinafter the “Product”): Hongcheng Online Education Management System 

  

	2.	Product function description: 

  

	 	•	 	 Educational administration 

  

	 	•	 	 Teaching process management 

  

	 	•	 	 Teaching quality assessment 

  

	III.	Period of licensed use and range of use: 

  

	1.	The period for the right to use the Product under this agreement (including the updated Product) granted by Party B to Party A is: 20 years, starting from the effective date of this
agreement. 

  

	2.	The range of the rights of Party A in regards to the Product (including the updated Product) under this agreement are: the Product will be used by Party A to provide technical
service for the Online Education College of Dongbei University of Finance and Economics. Party A is entitled to customize and update the Product under this agreement, and license the customized and updated Product to the Online Education College of
Dongbei University of Finance and Economics to use in its online education. 

  

	IV.	Method of calculation and payment of license fee 

  

	 	A.	Calculation of license fee 

 Party B will receive the
license fee of RMB 600,000 from Party A in one installment. 
  

 2 

	 	B.	Payment mode 

 The license fee should be fully paid within
10 days of the signing of this agreement. 
  

	V.	Confidentiality 

  

	A.	Confidential information is business information and strategies in connection with the present and future development of Party A and Party B, including but not limited to:
information of business strategy, technological development, direction of business and development, and clients’ list of the two parties. It excludes information that was made public prior to the signing of this agreement;

  

	B.	The two parties should keep confidential information that has already been or may be acquired before or after the signing of this agreement confidential at any time before or after
the termination of this agreement. No party may disclose such information to a third party without the prior consent of the other party; 

  

	C.	Both parties should ensure that their employees abide by the duty of confidentiality; 

  

	D.	If any confidential information is disclosed, published, or made known to a third party due to the intention, fault, or other reason of any party, the loss arising therein should be
assumed by the this party. The suffering party will reserve the right to ascertain the legal liability of the other party. 

  

	E.	The termination or invalidation of this agreement due to any reason will not affect the force of this provision. 

  

	VI.	Intellectual property rights 

  

	A.	The intellectual property rights (including but not limited to: copyrights, patents, proprietary technology, etc.) of the products provided by Party B to Party A according to this
agreement, including the platform or proprietary technology and software in other forms, will belong to Party B and will be used for the purpose of this agreement. Party B permits Party A to use the products within the range and manner provided in
this agreement. Party B’s prior permission in writing is necessary if Party A is to use the products for other purposes beyond the range provided in this agreement. 

  

	B.	The intellectual property rights of Party A based on the customization and update of the products under this agreement (including but not limited to: copyrights, patents,
proprietary technology, etc.) belong to Party A. 

  

 3 

	C.	The termination or invalidation of this agreement due to any reason will not affect the force of Article 8 of this agreement. 

  

	VII.	Transfer of rights and obligations 

 Without the written consent of the
other party, no party may transfer or shift the rights and obligations under this agreement to a third party. Where one party violates this provision, the other party is entitled to unilaterally terminate this agreement and reserve the right to
ascertain legal liability. 
  

	VIII.	Breach of the agreement and dispute settlement: 

  

	A.	During the enforcement of this agreement, if any party violates any article of this agreement, the other party may issue written notice to the defaulting party at any time, and the
defaulting party may reply in writing within 15 days and adopt remedial measures. If the defaulting party does not reply or adopt remedial measures within 15 days after the notice is issued, the non-defaulting party may terminate the execution of
this agreement and seek compensation for damages in conformity with this agreement and the law. 

  

	B.	The disputes arising from and in connection with the execution of this agreement should be settled in line with the principle of friendly negotiation; if the parties involved fail
to reach a consensus through negotiation, any party is entitled to bring a lawsuit to the local court of the defendant. During the dispute settlement process, this agreement, excepting the part under negotiation or lawsuit, should continue to be
executed. 

  

	IX.	Force majeure 

 Force majeure refers to unforeseen, objective events,
unavoidable and insurmountable by any party, including but not limited to: government behavior, natural force, fire, explosion, geographical change, windstorm, flood, earthquake, ocean tide, lightning, or war. The party affected by “force
majeure” should inform the other party of the accident, and submit the certificate issued by the competent authority to the other party for confirmation. The two parties should negotiate the further execution of this agreement according to the
influence of the accident of “force majeure”. 
  

	X.	Miscellaneous 

  

	A.	 Matters not covered in the agreement should be performed in accordance with the Contract Law of the People’s Republic of China and relevant laws and
regulations. The two parties may sign a supplementary agreement, which is of equal effect with this agreement, or sign a further cooperation agreement on the items agreed to in this agreement, which will not affect the 

  

 4 

	 	 
articles on which the two parties have reached a consensus. The rights and obligations in this agreement should be fully reflected in the new agreement, and
should continue to be fulfilled. 

  

	B.	The appendixes are an inseparable part of this agreement, and are of equal authenticity: the bidding document and additional documents are the appendixes to this agreement. Where
there are differences with this agreement, this agreement will prevail. 

  

	C.	This agreement has four original copies, each involved party holding two copies hereof, all of which will be effective as of the date of signature and seal of both parties, and are
of equal authenticity. 

 Party A: Dalian Dongcai Technology Development Co., Ltd (Seal) 
  

			
	By:	 	 /s/ Yang Qing

	Name:	 	Yang Qing
	Date:	 	September 18, 2003

 Party B: Hongcheng Technology Development Co., Ltd (Seal) 
  

			
	By:	 	 /s/ Huang Bo

	Name:	 	Huang Bo
	Date:	 	September 18, 2003

  

 5Charlotte Russe Holding, Inc. Executive Officer Compensation Program

 Exhibit 10.1 
 CHARLOTTE RUSSE HOLDING, INC. 
 EXECUTIVE OFFICER COMPENSATION PROGRAM 
 PURPOSE

 The purpose of this Charlotte Russe Holding, Inc. (the “Company”) Executive Officer Compensation Program (the
“Program”) is to align the interests of the Company’s executive officers with the interests of the Company’s stockholders and to attract, motivate and retain talented executive officers to continually maximize
stockholder value. 
 The Program is focused on “pay for performance” and accountability and targets annual base salaries for the
Company’s executive officers at the median of the Company’s peer group of companies (the “Peer Group”) while providing for above-market incentive payments for above-market performance. 
 The Peer Group for each fiscal year shall be approved by the Company’s board of directors (the “Board”) or the Compensation
Committee of the Board (the “Compensation Committee”) on an annual basis, following the completion of the previous fiscal year and with assistance from the Company’s management and outside consultants, in each case as
the Board or the Compensation Committee deems necessary or appropriate. 
 ELIGIBLE EMPLOYEES 
 The following Company employees shall be eligible to participate in the Program: 
  

	 	•	 	 President and Chief Executive Officer (“CEO”); 

  

	 	•	 	 Executive Vice President, Chief Financial Officer (“CFO”); 

  

	 	•	 	 Executive Vice President, General Merchandise Manager (“GMM”); 

  

	 	•	 	 Executive Vice President, Chief Supply Chain Officer (“CSCO”); and 

  

	 	•	 	 Any other persons named as “executive officers” within the meaning of the Securities Exchange Act of 1934, as amended. 

 ELEMENTS OF COMPENSATION 
 To accomplish the aforementioned objectives, compensation for the Company’s executive officers generally consists of the following components: cash compensation, consisting of base salary and an annual
incentive bonus; and equity compensation, consisting of stock options and restricted stock grants. 
 Cash Compensation

 Base salaries for each fiscal year shall be approved by the Board or Compensation Committee on an annual basis at or near the
beginning of such fiscal year, and shall be effective as of the first day of the applicable fiscal year. 
  

 1 

 Annual incentive bonuses for each fiscal year shall be approved by the Board or Compensation Committee on
an annual basis following the completion of such fiscal year and shall be calculated as a percentage of each executive officer’s base salary for such fiscal year. 
 Financial Component 
 70% of the annual incentive bonus shall be based upon the Company’s
achievement of operating income goals for the subject fiscal year (the “Financial Component”) that (i) are approved by the Board or the Compensation Committee, in their sole discretion, at the beginning of such fiscal
year and (ii) correspond to the minimum, midpoint and maximum percentages of each executive officer’s base salary as set forth below (the “Bonus Percentages”). 
  

							
	 	  	Percentage of Base Salary
	 Title
	  	Minimum	 	Midpoint	 	Maximum
	 CEO
	  	50%	 	75%	 	100%
	 CFO
	  	25%	 	50%	 	80%
	 GMM
	  	25%	 	50%	 	80%
	 CSCO
	  	25%	 	50%	 	80%

 The actual Bonus Percentages for each fiscal year shall be determined by the Board or the
Compensation Committee, in their sole discretion, and may vary from the percentages set forth above. The Financial Component shall be determined by multiplying 70% of the executive officer’s base salary by the Bonus Percentage that corresponds
to the operating income goal achieved. Notwithstanding the foregoing, no Financial Component shall be paid if the operating income goal for the minimum Bonus Percentage is not achieved. 
 Non-Financial Component 
 30% of each
annual incentive bonus shall be based upon the achievement of non-financial corporate and individual performance goals for the subject fiscal year (the “Non-Financial Component”) approved by the Board or the Compensation
Committee, in their sole discretion, at the beginning of such fiscal year. The Board or the Compensation Committee shall also approve a floor operating income goal for such fiscal year that must be achieved as a condition to any Non-Financial
Component being paid (the “Floor Operating Income Target”). The Non-Financial Component shall be determined by multiplying 30% of the executive officer’s base salary by (i) the midpoint Bonus Percentage and
(ii) the percentage of the non-financial corporate and individual performance goals actually achieved, as determined by the Board or the Compensation Committee, in their sole discretion. Notwithstanding the foregoing, no Non-Financial Component
shall be paid if the Floor Operating Income Target is not achieved. 
 Equity Compensation 
 The Black-Scholes value of each executive officer’s total equity compensation for each fiscal year shall be approximately equal to a percentage of
such executive officer’s base salary for such fiscal year (the “Target Value”) and shall be approved by the Board or the Compensation Committee on an annual basis prior to the beginning of such fiscal year. 

 

 2 

 The table below sets forth guidelines for determining the Target Value for each executive officer’s
total equity compensation. 
  

							
	 	  	Percentage of Base Salary
	 Title
	  	Minimum	 	Midpoint	 	Maximum
	 CEO
	  	75%	 	125%	 	200%
	 CFO
	  	50%	 	75%	 	125%
	 GMM
	  	50%	 	75%	 	125%
	 CSCO
	  	50%	 	75%	 	125%

 The actual Target Value for each executive officer shall be determined by the Board or the
Compensation Committee, in their sole discretion, and may vary from the percentages set forth above based on prior years’ corporate and individual performance. 
 For each fiscal year: 30% of the Target Value shall be in the form of a stock option granted pursuant to the Company’s 1999 Equity Incentive Plan, as may be amended from time to time, or any successor plan
thereto (the “Plan”), approved prior to, and effective as of, the first business day of such fiscal year and subject to vesting in equal annual installments over a three-year period from the date of grant (the
“Stock Option”); 30% of the Target Value shall be in the form of restricted stock granted pursuant to the Plan, approved prior to, and effective as of, the first business day of such fiscal year and subject to vesting in
equal annual installments over a three-year period from the date of grant (the “Time-Based Restricted Stock Grant”); and 40% of the Target Value shall be in the form of restricted stock granted pursuant to the Plan, approved
prior to, and effective as of, the first business day of such fiscal year and subject to performance-based vesting over a three-year period from the date of grant as set forth in the table below (the “Performance-Based Restricted Stock
Grant”); provided, however, that the percentage of the Target Value allocated to the Stock Option, Time-Based Restricted Stock Option Grant and Performance-Based Stock Option Grant shall be subject to adjustment by the Board or
Compensation Committee for each fiscal year. 
  

			
	 Three-Year Total Stockholder Return,
 Company v. Peer Group
	  	 Percentage Vested at Third Anniversary of
 the Date of Grant(1)

	 Less than the 25th
Percentile
	  	0%
	 25th Percentile

	  	33 1/3%
	 50th Percentile

	  	66 2/3%
	 75th Percentile or
Greater
	  	100%

  

	 (1)
	 Percentage vested for Three-Year Total Stockholder Returns between the 25th and 75th percentile shall be calculated on a linear scale from 33 1/3% to 100%. 

 “Three-Year Total Stockholder Return” for any three consecutive Company fiscal years shall be defined as the change in market
valuation from the first day of the first such fiscal year through the last day of the third such fiscal year, as determined in good faith by the Board or Compensation Committee. For example, for fiscal 2008, the Three-Year Total Stockholder Return
shall be measured from the first day of the Company’s fiscal year 2008 through the last day of the Company’s fiscal year 2010. For each fiscal year, Three-Year Total Stockholder Returns shall be calculated for each member of the applicable
Peer Group and the Company shall be given a percentile ranking. 
  

 3 

 The number of shares subject to the Stock Option, Time-Based Restricted Stock Grant and Performance-Based
Restricted Stock Grant shall be rounded to the nearest 500 shares and determined following the close of business on the first business day of the applicable fiscal year (the effective date of grant) such that the Black-Scholes value of the Stock
Option, Time-Based Restricted Stock Grant and Performance-Based Restricted Stock Grant, based upon the closing price of the Company’s common stock on such day, shall be equal to 30%, 30% and 40% (or such other percentages as may be determined
by the Board or Compensation Committee for each fiscal year), respectively, of the Target Value. Such determination shall be confirmed as accurate by the Compensation Committee on the effective date of grant pursuant to authority delegated by the
Board. 
  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}]]