Document:

EX-10.67

 Exhibit 10.67 
 Business Division and Partnership Agreement 
 between 

Beijing Sogou Technology Development Co., Ltd 
 and 
 Beijing Sogou Information Service Co., Ltd. 

September 26, 2010 

  
 1 

 This Business Division and Partnership Agreement (hereinafter referred to as the
“Agreement”) is entered into by and between the following parties on September 26, 2010: 
  

			
	Party A:	 	Beijing Sogou Technology Development Co., Ltd, Registered Address: Room 1, Level 9, Sohu Internet Plaza, Zhongguancun East Road, Haidian District, Beijing
		
	Party B:	 	Beijing Sogou Information Service Co., Ltd., Registered Address: Room 2, Level 9, Sohu Internet Plaza, Zhongguancun East Road, Haidian District, Beijing

 In this Agreement, Party A and Party B are referred to as the “parties” collectively or “a
party” individually. 
 Whereas: 
  

	1	Party A is a wholly foreign-invested limited liability company incorporated and existing under laws of the People’s Republic of China and owns expertise and staff
in connection with Internet information services as well as relevant customer channels. 

  

	2	Party B is a domestic limited liability company incorporated under laws of the People’s Republic of China, which has the capability and qualification to deal in
Internet information service and Internet search business, runs the Sogou website and primarily conducts the business of online information publication and Internet search service. 

 

	3	Party A possesses resources required in the offering of computer technologies, network technology development and technical service, is a provider of technical support
required by network operations, and signed an Exclusive Technical Consultancy and Service Agreement with Party B on September 26, 2010. 

  

	4	With regard to the joint provision of enterprise promotion service to customers, both parties have been partnering with each other as per the division of business based
on their respective business scope since their incorporation. Before execution of this Agreement, both parties had reached full common understanding and concluded an oral agreement on their respective rights and obligations under the business
division and partnership. In order to document the prior partnership pattern between the parties and the relevant terms and conditions, and to standardize future business division and partnership, both parties hereby enter into the following written
agreement for clarification and mutual performance. 

  
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 I. Content of Partnership 

 

	 	1.	In order to fully leverage and make use of the Sogou brand to offer enterprise promotion service to customers, Party B agrees and acknowledges that Party A may sign
package service contracts with customers and/or agents on a unified manner depending on the circumstances. 

  

	 	2.	After execution of such a contract, and subject to compliance with applicable Chinese laws and regulations, Party A shall only provide the customer with the technical
consultancy and technical support service within its business scope that is required in online information publication and publication of the customer’s promotional information, and shall provide network-related technical and consulting support
to Party B as per the Exclusive Technology Consulting and Service Agreement. 

  

	 	3.	Party B shall, as per this Agreement and the provisions of such service contract signed by Party A, provide the customer with Internet information publication service,
publish online information, enterprise promotion information, and furnish other services in connection with the business conducted by Party A. 

  

	 	4.	Both parties agree that Party A will charge and invoice customers on a unified basis, and Party A shall, after receiving the charges, pay to Party B the consideration
for provision of Internet information service depending on the charges collected and the amounts of work offered by both parties during the underlying service, and according to the provisions of Article II of this Agreement.

  

	 	5.	Party A permits Party B to use on the website of Party B the software copyrighted by Party A that is in connection with performance of this Agreement.

 II. Payment of Consideration 
  

	 	1.	As the consideration for the Internet information service and other relevant services offered by Party B to customers, Party A will pay a service fee to Party B after
receiving the package amounts from the customers, and the amount of the service fee will be determined and paid as per the terms set forth in the attachment hereto and may be subject to adjustment by both parties depending on the circumstances.

  
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	 	2.	Both parties agree that they shall jointly bear all financial losses that may arise from performance of this Agreement. 

 

	 	3.	Both parties hereby acknowledge that, before the execution of this written Agreement, and as per the business division and partnership orally agreed upon by both
parties, Party A had paid to Party B through various ways (including but not limited to sharing operating costs) the full amount of the service fee that was due and payable for the Internet information service and other relevant services offered by
Party B. 

 III. Representations and Warranties 

 

	 	1.	Party A hereby represents and warrants as follows: 

  

	 	(a)	Party A is a company legally incorporated and validly existing under Chinese laws. 

 

	 	(b)	Party A performs this Agreement within the scope of its corporate powers and business scope, has taken necessary corporate acts and appropriate authorizations and
obtained requisite consents and approvals from third parties and governmental authorities for performance of this Agreement, and its performance of this Agreement does not violate any legal or contractual restrictions that are binding upon or may
affect it. 

  

	 	(c)	Once executed, this Agreement shall immediately become a valid and effective legal instrument that is binding and enforceable upon Party A. 

 

	 	2.	Party B hereby represents and warrants as follows: 

  

	 	(a)	Party B is a company incorporated and validly existing under Chinese laws and is qualified to offer Internet information service and other relevant services.

  

	 	(b)	Party B performs this Agreement within the scope of its corporate powers and business scope, has taken necessary corporate acts and appropriate authorizations and
obtained requisite consents and approvals from third parties and governmental authorities for performance of this Agreement, and its performance of this Agreement does not violate any legal or contractual restrictions that are binding upon or may
affect it. 

  

	 	(c)	Once executed, this Agreement shall immediately become a valid and effective legal instrument that is binding and enforceable upon Party B. 

  
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 IV. Responsibility for Defaults 

 

	 	1.	Unless otherwise stated herein, a party shall be deemed as being in default of this Agreement if and to the extent that it fails to fully perform or suspends
performance of its obligations hereunder and fails to correct the said act within thirty days upon receipt of the other party’s notice, or if and to the extent that its representations and warranties are untrue, inaccurate or incomplete.

  

	 	2.	If either party breaches this Agreement or any representation or warranty it has made herein, the non-defaulting party may give a written notice to the defaulting
party, requesting the defaulting party to correct the default within ten days from receipt of the notice, take appropriate measures to effectively prevent detrimental consequences in a timely manners, and continue performance of this Agreement.

  

	 	3.	If either party’s default of this Agreement causes the other party to bear any expenses, liabilities or to suffer any losses (including but not limited to loss of
corporate profits), the defaulting party shall indemnify the non-defaulting party for any such expenses, liabilities or losses (including but not limited to interest and attorney’s fee that may be paid or lost due to the default). The sum of
such indemnities paid by the defaulting party to the non-defaulting party shall be equal to the losses arising from the default, and such indemnities shall include the benefits that the non-defaulting party should have received as result of
performance of this Agreement but shall not exceed the reasonable expectation of both parties. 

  

	 	4.	If both parties breach this Agreement, the amount of indemnities each party shall pay respectively shall be determined depending on the degree of its default.

  
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 V. Taxes 
 Each party shall independently bear the taxes it incurs during performance of this Agreement according to the requirements of applicable laws. 
 VI. Confidentiality Clause 
  

	 	1.	Both parties agree to endeavor to take all reasonable measures to keep in confidence the execution, terms and conditions as well as performance of this Agreement, and
the confidential data and information of either party that the other party may know or access during performance of this Agreement (hereinafter referred to as “Confidential Information”), and shall not disclose, make available or assign
such Confidential Information to any third party without the prior written consent of the party providing the information. 

  

	 	2.	The above restriction is not applicable to: 

  

	 	(a)	information that has already become generally available to the public at the time of disclosure; 

 

	 	(b)	information that, after the time of disclosure, has become generally available to the public not because of either party’s fault; 

 

	 	(c)	information that either party can prove that it has already possessed before the time of disclosure and that has not been directly or indirectly acquired from the other
party; and 

  

	 	(d)	the foregoing Confidential Information that either party is obliged to disclose to relevant governmental authorities or stock exchanges, among others, as required by
law, or that either party discloses to its direct legal counsels and financial advisors as needed during its due course of business. 

  

	 	3.	Both parties agree that this clause will continue to remain valid and effective regardless of any alteration, cancellation or termination of this Agreement.

  
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 VII. Effectiveness and Term of Agreement 

 

	 	1.	This Agreement shall take effect as of the first written date of execution after being affixed with the company seals of both parties. 

 

	 	2.	This Agreement shall remain valid for ten years from the date of effectiveness unless Party A cancels it early. Before expiration of this Agreement, performance of this
Agreement may be terminated early or the term of this Agreement may be extended if so agreed by both parties or if unilaterally requested by Party A. 

 VIII. Governing Law and Settlement of Disputes 
  

	 	1.	Governing Law 

 The execution,
effectiveness, performance, construction and interpretation of and the settlement of disputes over this Agreement shall be governed by Chinese laws. 
  

	 	2.	Arbitration 

 When any dispute
occurs between both parties with regard to the interpretation and performance of any clauses herein, the parties shall seek settlement of the dispute through good-faith negotiation. If both parties cannot reach any agreement on settlement of the
dispute within thirty (30) days after either party sends to the other party the written notice requesting resolution through negotiation, either party may refer the dispute to China International Economic and Trade Arbitration Commission for
determination according to the arbitration rules of the said Commission as then prevailing. Arbitration shall occur in Beijing and the language of arbitration shall be Chinese. The arbitration ruling shall be final and binding upon both parties.
This clause shall survive regardless of termination or cancellation of this Agreement. 
 IX. Force Majeure 

 

	 	1.	Force majeure shall refer to all events that are uncontrollable and unforeseeable by either party hereto or that are inevitable even if foreseeable and prevent that
party from performing or from fully performing the obligations hereunder. Such events include, without limitation to, any strikes, factory closedowns, explosions, marine perils, natural disasters or acts of public enemy, fire, floods, destructive
activities, accidents, wars, riots, rebellions and any other similar events. 

  
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	 	2.	If a force majeure event occurs and prevents the affected party from performing any obligation hereunder, the obligation so prevented shall be suspended throughout the
duration of the force majeure event and the date of performance of the obligation shall be automatically extended to the date of completion of the force majeure event, and the party so prevented from performing the obligation shall not be subject to
any punishment. 

  

	 	3.	The party encountering a force majeure event shall immediately give a written notice to the other party, and deliver appropriate proof of the occurrence and duration of
the force majeure event. The party encountering a force majeure event shall also make any and all reasonable efforts to terminate the force majeure event. 

  

	 	4.	Once a force majeure event occurs, both parties shall immediately negotiate to find an equitable solution, and shall also make any and all reasonable efforts to
minimize the consequences of the force majeure event. 

  

	 	5.	If a force majeure event lasts for over ninety (90) days and both parties cannot reach any agreement on an equitable solution, either party shall then have the
right to terminate this Agreement. Upon termination of the Agreement as per the foregoing provision, no further rights or obligations will accrue to either party, provided that the rights and obligations of each party that already accrue as of the
date of termination of this Agreement shall not be affected by the termination. 

 X. Miscellaneous 

 

	 	1.	Amendments to Agreement 

  

	 	(a)	Both parties hereby acknowledge that this Agreement is a fair and reasonable agreement reached by and between them on the basis of equality and mutual benefit. In the
event of any inconsistence, this Agreement shall prevail over all discussions, negotiations and written covenants reached by and between both parties with regard to the subject matter hereof before execution of this Agreement.

  

	 	(b)	Any and all amendments, additions or alterations to this Agreement shall be made in written and shall not take effect until and before being affixed with each
party’s company seal. Both parties’ amendments and additions to this Agreement shall constitute an integral part of and enjoy equal legal effectiveness as this Agreement. 

  
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	 	2.	Notices 

 Notices or other
correspondence that either party shall give as required by this Agreement shall be made in writing and in Chinese and delivered by person (including express mail service) or by registered airmail. All notices and correspondence shall be sent to the
following addresses unless any otherwise address has been informed by written notification: 
  

			
	Party A:	 	Beijing Sogou Technology Development Co., Ltd.
	Address:	 	Room 1, Level 9, Sohu Internet Plaza, Zhongguancun East Road, Haidian District, Beijing
	Postcode:	 	100084
		
	Party B:	 	Beijing Sogou Information Service Co., Ltd.
	Address:	 	Room 2, Level 9, Sohu Internet Plaza, Zhongguancun East Road, Haidian District, Beijing
	Postcode:	 	100084

  

	 	3.	Service of Notices 

 Notices and
correspondence shall be deemed as given as per the following terms: 
  

	 	(a)	If delivered by person (including by express mail service): on the date of sign-in by the receiving party. 

 

	 	(b)	 If delivered by registered mail: on the 3rd day from the date of receipt issued by the post office. 

 

	 	4.	Severity of Agreement 

 Without
affecting other terms and conditions of this Agreement, if any provision or part of this Agreement is held invalid, unlawful or unenforceable according to Chinese laws or is against public interest, the effectiveness, validity and enforceability of
the terms and conditions in all other parts of the Agreement shall not be affected and impaired in any way. Both parties shall negotiate in good faith to discuss and determine a clause to the satisfaction of both parties in order to replace the
invalid provision. 

  
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	 	5.	Successors and Assignees 

 This
Agreement shall be equally binding upon each party’s lawful successors and assignees. 
  

	 	6.	Waivers 

 Either party’s
failure to exercise or delay in exercising any of its rights hereunder shall not be regarded as its waiver of the right and single exercise of any right shall not prevent future exercise of any other right. 

 

	 	7.	Language and Counterparts 

 This
Agreement is executed in Chinese in FOUR identical copies, of which each party respectively holds TWO and all enjoy equal legal effectiveness. 
 (There is no text hereinafter. Followed is the signing page) 

  
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 (This page contains no text and is the signing page of the Business Division and Partnership Agreement)

 Party A: Beijing Sogou Technology Development Co., Ltd 
 (Seal) 
 Party B: Beijing Sogou Information Service Co., Ltd. 

(Seal) 

  
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 Exhibit: 
 Rate and Terms of Payment of Service Fee 
 I. Party A shall pay service fee to Party B at
the rate of RMB 2 million per annum. 
 II. Party A shall, within thirty days from the starting date of any fiscal year, pay the said
service fee of the prior year into the bank account designated by Party B. 
 III. If Party A believes that the service pricing mechanism set
forth in this clause cannot be applied and is to be adjusted due to certain reason, Party B shall, within ten working days from the date of the written service fee adjustment request of Party A, actively negotiate with Party A in good faith in order
to determine a new charge rate or pricing mechanism. Party B will be deemed as given tacit consent to the requested service fee adjustment if and to the extent that it fails to replay within ten working days after receiving the said adjustment
notice. If and as requested by Party B, Party A shall also negotiate with Party B regarding service fee adjustment. 

  
 11EX-10.68

 Exhibit 10.68 
 English Translation 
 Equity Interest Purchase Right Agreement

 Among 
 Shenzhen 7Road Network Technologies Co., Ltd. 
 (As the Equity Interest
Purchase Obligee) 
  
  

(As the Equity Interest Purchase Obligor) 
 And 
 Shenzhen 7Road Technology Co., Ltd. 

June 26, 2012 

 Table of Contents 

 

							
	 1.
	  	 Purchase Rights of Equity Interest
	  	 	1	  
			
	 2.
	  	 Party B and Party C’s Promises
	  	 	3	  
			
	 3.
	  	 Party B and Party C’s Representations and Warranties
	  	 	6	  
			
	 4.
	  	 Breach of Contract
	  	 	7	  
			
	 5.
	  	 Assignment
	  	 	8	  
			
	 6.
	  	 Effectiveness and Term
	  	 	8	  
			
	 7
	  	 Termination
	  	 	9	  
			
	 8.
	  	 Taxes and Expenses
	  	 	9	  
			
	 9.
	  	 Confidentiality
	  	 	9	  
			
	 10.
	  	 Notices
	  	 	10	  
			
	 11.
	  	 Applicable Law and Dispute Resolution
	  	 	11	  
			
	 12.
	  	 Miscellaneous
	  	 	11	  

 EQUITY INTEREST PURCHASE RIGHT AGREEMENT 

This Equity Interest Purchase Right Agreement (this “Agreement”) is entered into as of June 26, 2012 between and by the following Parties
in Shenzhen, People’s Republic of China (“PRC”): 
  

			
	Party A:	  	Shenzhen 7Road Network Technologies Co., Ltd., with the registered address of 7F, Matsunichi Hi-Tech Building, 9996 Shennan Boulevard, Nanshan District, Shenzhen and the
legal representative is Tao Wang;
		
	Party B:	  	                    , with the address of
                    ; and ID number of
                    ;
		
	Party C:	  	Shenzhen 7Road Technology Co., Ltd., with the registered address of 8-9F, Matsunichi Hi-Tech Building, 9996 Shennan Boulevard, Nanshan District, Shenzhen and the legal
representative is Tao Wang;

 In this Agreement, all the above parties are called collectively as the “Parties” and respectively as a
“Party”. 
 WHEREAS: 
  

	1.	Party A, a wholly foreign-owned enterprise incorporated under PRC laws; 

  

	2.	Party C, a limited liability company incorporated under PRC laws; 

  

	3.	Party B, a Chinese citizen and the registered shareholders of Party C holding     % equity interests of Party C (“Equity
Interests”); 

  

	4.	The Equity Interest Pledge Agreement (“Equity Pledge Agreement”) was entered into between and by Party A and Party B on June 26, 2012; and

  

	5.	The Business Operation Agreement was entered among and by Party A, Party C and its shareholders on June 26, 2012. 

NOW, THEREFORE, through friendly negotiations, the Parties hereby agree to the following: 

 

	1.	Purchase Rights of Equity Interest 

  

	 	1.1	Grant Rights 

 Party B hereby
exclusively, irrevocably and without any additional conditions grants to Party A or any or several designated person(s) (“Designated Person”) an option to purchase, at any time according to the steps determined by Party A, and at the price
specified in Section 1.3 of this Agreement, from Party B a portion or all of the equity interests held by Party B in Party C (the “Option”). No Option shall be granted to any third party other than Party A and/or the Designated
Person. The “person” set forth in this Agreement means any individual person, corporation, joint venture, partnership, enterprise, trust or non-corporation organization. 

  
 1 

	 	1.2	Exercise Steps 

 Party A and/or
the Designated Person may exercise the Option by issuing a written notice (the “Notice”) in the form of the sample attached in Appendix 1 to Party B specifying the specific percentage of equity interest to be purchased from Party B (the
“Purchased Equity Interest”) and the manner of purchase. 
 Within 7 business days upon the receipt of the Notice,
Party B shall enter into an equity transfer agreement with Party A and/or its designated person and ensure the transfer of Purchased Equity Interest to Party A and/or its designated person as soon as practicable. 

 

	 	1.3	Purchase Price 

  

	 	1.3.1	When Party A exercises the Option, the purchase price of the Purchased Equity Interest (“Purchase Price”) shall be RMB nominal purchase price. If the
then applicable PRC laws permitted lowest price is higher than RMB nominal purchase price, the Purchase Price shall be set at the lowest price permissible under the applicable laws. 

 

	 	1.3.2	Except for the Purchase Price provided under Clause 1.3.1, Party B shall not require Party A and/or the Designated Person to pay any other consideration.

  

	 	1.4	Transfer of the Purchased Equity Interest 

 After Party A provides written notice to purchase Equity Interest pursuant to this Agreement, each time the option is exercised: 

 

	 	1.4.1	Party B shall ask Party C to convene a shareholders’ meeting. During the meeting, a resolution, for Party B to transfer the Equity Interest to Party A and/or the
Designated Person, shall be made, and Party B shall sign a confirmation letter in the form of the sample attached in the Appendix 2 waiving the first right of refusal for other Equity Interests in Party C;

  
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	 	1.4.2	Party B shall, pursuant to the terms and conditions of this Agreement and the Purchased Equity Interest Notices, enter into an equity interest transfer agreement with
Party A and/or the Designated Person for each transfer; 

  

	 	1.4.3	The related parties shall execute all other requisite contracts, agreements or documents, obtain all requisite governmental approvals and consents, and conduct all
necessary actions, without any security interest, transfer the valid ownership of the Purchased Equity Interest to Party A and/or the Designated Person, and have Party A and/or the Designated Person be the registered owner of the Purchased Equity
Interest at administration for industry and commerce. In this clause and this Agreement, “Security Interest” includes guarantees, mortgages, pledges, the rights or interests of third parties, any equity interest purchase right, right of
acquisition, right of first refusal, right of set-off, ownership detainment or other security arrangements. It does not include any security interest subject to the Equity Pledge Agreement. 

 

	 	1.4.4	Party B and Party C shall unconditionally assist Party A in obtaining the governmental approvals, permits, registrations, filings and complete all necessary formalities
for obtaining the Purchase Equity Interest. 

  

	 	1.5	Payment 

 Payment method of the
Purchase Price shall be determined through consultation by Party A and/or the Designated Person with Party B according to applicable laws when the Option is exercised. 
  

	2.	Party B and Party C’s Promises 

  

	 	2.1	Without the prior written consent of Party A, the Articles of Association of Party C shall not be changed, amended or supplemented in any form, Party C’s
registered capital shall not be increased or decreased, or the structure of Party C’s registered capital shall not be changed in any other form. 

  

	 	2.2	Without the prior written consent of Party A, shall not sell, transfer, mortgage or dispose in any other form, any legitimate or beneficial Equity Interests, or approve
any other security interest set on it except the pledges pursuant to the Equity Pledge Agreement. 

  
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	 	2.3	Without the prior written consent of Party A, Party B shall not decide, support or execute any shareholders resolution at Party C’s shareholders’ meeting that
approves any sale, transfer, mortgage or disposal of any legitimate or beneficial Equity Interest, or allow any other security interest set on it, except pledges on the Equity Interests made to Party A or its Designated
Person.

  

	 	2.4	At any time, upon Party A’s request, to immediately transfer Equity Interests to Party A and/or the Designated Person unconditionally at any time.

  

	 	2.5	If the other shareholders of Party C propose to transfer all or any equity interests in Party C to Party A and/or its Designated Person, Party B shall waive the first
right of refusal unconditionally. Subject to applicable laws, regulations and any agreement to which Party B is a party (except for this Agreement), if Party B terminate the employment relationship with Party C for any cause, Party B shall transfer
Party B ’s equity interest holding in Party C to Party A and/or the Designated Person according to Article 1 of this Agreement. 

  

	 	2.6	Without the prior written consent by Party A, Party B shall not agree, support or execute any shareholders resolution at the Party C’s shareholders’ meeting
that allows Party C to merge, associate with, acquire, or invest in any person. 

  

	 	2.7	According to good financial and business standards and customs, shall maintain the existence of Party C, prudently and effectively operate the business and handle
affairs, ensure Party C’s continuous and normal operation of all business to maintain the asset value of Party C, and refrain from any action/inaction which affects Party C’s operations and asset value. 

 

	 	2.8	Without the prior written consent of Party A, shall not take any action and/or inaction, which may materially affect Party C’s assets, business and liabilities;
without the prior written consent of Party A , not sell, transfer, mortgage or dispose in any other form, any asset, legitimate or beneficial business interest or income of Party C, or approve any other security interest set on it at any time from
the date of execution of this Agreement . 

  
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	 	2.9	Without the prior written consent of Party A, Party C shall not enter into, inherit, guarantee or allow the existence of any debt, other than (i) debt arising in
the ordinary course of business but not from borrowing; and (ii) debt already disclosed to and consented to in writing by Party A. 

  

	 	2.10	Without the prior written consent of Party A, Party C shall not enter into any material contract, other than those in the ordinary course of business (As in this
paragraph, any agreement that exceeding one hundred thousand Yuan (RMB 100,000) shall be deemed as a material contract). 

  

	 	2.11	Without the prior written consent of Party A, Party C shall not provide any loans or credit to anyone. 

 

	 	2.12	Upon the request of Party A, shall provide all operations and financial information of Party C. 

 

	 	2.13	Party C shall purchase and hold insurance from insurance companies accepted by Party A upon the request of Party A. The insurance amount and category shall be the same
as those held by companies in the same area, operating a similar business and owning similar properties and assets as Party C. 

  

	 	2.14	Shall immediately notify Party A on the occurrence or the potential occurrence of any litigation, arbitration or administrative procedures related to the Equity
Interests owned by Party B, or Party C’s assets, business and revenue.

  

	 	2.15	In order to keep the ownership of Party B’s Equity Interest, shall execute all requisite or appropriate documents, conduct all requisite or appropriate actions,
make all requisite or appropriate claims, and take all requisite or appropriate defenses against false claims of compensation. 

  

	 	2.16	In order to keep ownership of Party C’s assets, to execute all requisite or appropriate documents, conduct all requisite or appropriate actions, make all requisite
or appropriate claims, and take all requisite or appropriate defenses against false claims of compensation. 

  

	 	2.17	Without the prior written consent of Party A, Party C shall not distribute dividends to its shareholders in any manners. 

 

	 	2.18	Shall facilitate shareholder approval of the transfer of Purchased Equity Interests subject to this Agreement. 

  
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	 	2.19	Upon the request of Party A, to appoint any persons designated by Party A as director or senior management personnel of Party C. 

 

	 	2.20	Party B shall exercise rights as Party C’s shareholder upon the request, and only upon the written authorization of Party A. 

 

	 	2.21	To adhere strictly to the provisions of this Agreement and other Agreements entered into collectively or respectively by Party A, Party B and Party C, and to perform
all obligations under these Agreements, without taking any action or inaction which affects the validity and enforceability of these Agreements. 

  

	 	2.22	If Party B receives a Purchase Price for its Equity Interests higher than RMB             , or receive any
form of profits distribution, dividend or bonus from Party C, Party B agrees that Party B shall waive the premium amount and the said profit distribution, dividend or bonus (after deducting related taxes) as allowed by PRC law, and Party A is
entitled to these proceeds. 

  

	3.	Party B and Party C’s Representations and Warranties 

 As of the execution date of this Agreement and every transfer date, Party B and Party C hereby represents and warrants to Party A as follows: 

 

	 	3.1	It has the power and ability to enter into and deliver on this Agreement and any equity interest transfer Agreements (“Transfer Agreement”, respectively)
which is a party of, for every transfer of Purchased Equity Interest pursuant to this Agreement, and to perform its obligations under this Agreement and any Transferring Agreement. Upon execution, this Agreement and the Transfer Agreements to which
it is a party constitute a legal, valid and binding obligation enforceable against it in accordance with its terms;

  

	 	3.2	The execution, delivery, and performance obligations of this Agreement and any Transfer Agreements do not: (i) cause violation of any relevant PRC laws and
regulations; (ii) constitute a conflict with its Articles of Association or other organizational documents; (iii) cause a breach to any Agreement or instrument which it is a party of or is bound by, or constitute a breach under any
Agreement or instruments to which it is a party of or is bound by; (iv) cause violations of any relevant permits or approvals and (or) any relevant persistent valid conditions; or (v) cause any permits or approvals to be suspended, or
revoked, or induce additional conditions; 

  
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	 	3.3	Party C holds valid ownership and sales rights to all its assets. Party C has not set any security interest on these assets; 

 

	 	3.4	Party C does not have any unpaid debt, except (i) debt arising in the normal course business; and (ii) debt already disclosed to Party A to which Party A has
approved in writing; 

  

	 	3.5	Party C complies with all PRC laws and regulations applicable to the acquisition of assets; 

 

	 	3.6	No litigation, arbitration or administrative procedure relevant to the equity interest and assets of Party C or the corporation is in process, pending settlement or
likely to occur; 

  

	 	3.7	Party B holds valid ownership sales rights to its equity interest and has not any security interests on these interests, other than the security interests pursuant to
the Equity Interest Pledge Agreement. 

  

	4.	Breach of Contract 

  

	 	4.1	If any party (“Defaulting Party”) breaches any provision of this Agreement, which may cause damages to other parties (“Non-defaulting Party”), the
Non-defaulting Party can notify the Defaulting Party in writing, request rectification and correction of such a breach of contract; if the Defaulting Party does not take actions which rectify and correct such breach to the satisfaction of the
Non-defaulting Party within fifteen (15) days upon the issuance of the written notice, the Non-defaulting Party can take actions pursuant to this Agreement or other measures in accordance with laws in response. 

 

	 	4.2	The occurrence of the following events constitutes a breach of contract by Party B: 

 

	 	(1)	any violation by Party B of the provisions of this Agreement, or material mistakes, inaccuracies or other incorrect information in the representation and warranties
hereunder; 

  

	 	(2)	assignment or transfer in any manner of, or the pledging of, any rights pursuant to this Agreement without the prior written consent of Party A; or

  

	 	(3)	this Agreement and/or Equity Interest Pledge Agreement becomes invalid or unenforceable.

  
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	 	4.3	Should a breach of contract or violation of provisions under the Equity Interest Pledge Agreement and/or Business Operation Agreement occur, Party A can request Party B
to transfer to Party A or the Designated Person all or any percentage of the Purchased Equity Interests at the Purchase Price ; and 

  

	 	4.4	Once Party A realizes the pledge pursuant to Article 11 of the Equity Interest Pledge Agreement and, Party A obtains the relevant payments, Party B will be deemed to
have fulfilled its obligations under this Agreement and Party A should not request any other payments from Party B. 

  

	 	4.5	Notwithstanding other provisions of this Agreement, the effect of Article 4 will not be affected by the termination of this Agreement. 

 

	5.	Assignment 

  

	 	5.1	Without the prior written consent of the Party A, Party B shall not transfer its rights and obligations under this Agreement to any third party; if Party B dies, Party
B agrees to transfer the rights and obligation under this Agreement to the person designated by Party A. 

  

	 	5.2	This Agreement shall be binding on Party B and the successor to Party B and is effective on Party A, any successor o Party A or transferee as allowed by Party A. Party
B agrees, after his death to the extent permitted by law, Party A or the Designated Person will own the Equity Interests holding by him in Party C. 

  

	 	5.3	Party B hereby agrees that Party A shall be able to transfer all of its rights and obligation under this Agreement to any third party at its own discretion. Upon such
transfer, Party A is only required to provide written notice to Party B, and no further consent from Party B will be required. 

  

	6.	Effectiveness and Term 

  

	 	6.1	This Agreement shall be concluded and take effect as of the date of its execution. 

 

	 	6.2	The term of this Agreement is ten (10) years unless early termination in accordance with this Agreement or relevant provisions in any other relevant agreements
reached by the parties. This Agreement may be extended through the written confirmation by Party A before the expiration of this Agreement. The term of extension will be decided by Party A. 

  
 8 

	 	6.3	If Party A’s or Party C’s operation term expires (including any extensions of such term) or is otherwise terminated by any other reason prior to the
expiration of this Agreement as set forth in Section 6.2, this Agreement shall be terminated upon such termination of such Party, except where Party A has transferred its rights and obligations in accordance with this
Agreement.

  

	7.	Termination 

  

	 	7.1	At any time during the term of this Agreement, including any extension period, if Party A cannot exercise the Option indicated in Article 1 due to then applicable laws,
Party A can, at its own discretion, unconditionally terminate this Agreement by issuing a written notice to Party B and does not need to assume any liability. 

 

	 	7.2	If Party C, during the term of this Agreement and its extension period, is terminated due to bankruptcy, dissolution or being ordered to close down by law, the
obligations of Party B hereunder are terminated upon the termination of Party C; Party B shall continue to perform its obligations under other agreements entered with Party A. 

 

	 	7.3	Except under circumstances indicated in Section 7.2, Party B and Party C does not have the right to terminate this Agreement during the term and extension periods
of this Agreement. 

  

	8.	Taxes and Expenses 

 Each
Party shall, bear any and all taxes, costs and expenses as required by PRC laws for equity transfers incurred by or imposed on such Party arising from the preparation, execution and completion of this Agreement and all Transfer Agreements.

  

	9.	Confidentiality 

  

	 	9.1	The Parties acknowledge and confirm all oral or written materials exchanged by the Parties in connection with this Agreement are confidential. The Parties shall
maintain the secrecy and confidentiality of these materials. Without the written consent of the other Parties, no Party shall disclose to any third party such materials, except under the following circumstances: 

 

	 	(a)	The materials are, or soon to be, public information (but disclosure cannot be by the Party receiving the information); 

  
 9 

	 	(b)	The materials are required to be disclosed under applicable laws or the rules or provisions of a stock exchange; or 

 

	 	(c)	Where documents are disclosed by any party to its legal or financial counsel for the purpose of transactions described in this Agreement, said counsel shall also
maintain confidentiality. Any disclosure by employees or agencies employed by any party shall be deemed as disclosure by such party and shall assume the liabilities for breach of contract pursuant to this Agreement. 

 

	 	9.2	Upon termination of this Agreement, one Party shall return all documents, materials or software containing confidential information upon the request of another Party,
and cease to use such confidential information.

  

	 	9.3	Notwithstanding other provisions of this Agreement, the effect of Article 9 will not be affected by the termination of this Agreement. 

 

	10.	Notices 

 Notices or other communications by any party relating to this Agreement shall be made in writing and delivered personally, sent by mail or by facsimile transmission to the address set forth below, or such
other addressees specified by the relevant party from time to time. The effective date of the notice is be determined as follows: (a) a notice delivered personally is deemed duly served upon delivery; (b) a notice sent by mail is deemed
duly served on the seventh (7th) day after the date
when the air registered mail with postage prepaid has been sent out (as is shown on the postmark), or the fourth
(4th) day after it is delivered to an internationally
recognized courier service; and (c) a notice sent by facsimile transmission is deemed duly served as of the receipt time shown on the transmission confirmation.
  

			
	Party A:	  	Shenzhen 7Road Network Technologies Co., Ltd.
	Legal Address:	  	7F, Matsunichi Hi-Tech Building, No. 9996, Shennan Boulevard, Nanshan District, Shenzhen
		
	Party B:	  	  

	Address:	  	
		
	Party C:	  	Shenzhen 7Road Technology Co., Ltd.
	Legal Address:	  	8-9F, Matsunichi Hi-Tech Building, No. 9996, Shennan Boulevard, Nanshan District, Shenzhen

  
 10 

	11.	Applicable Law and Dispute Resolution 

  

	 	11.1	The conclusion, validity, performance, interpretation, termination and method of dispute resolution under this Agreement shall be governed by PRC law.

  

	 	11.2	The parties shall strive to settle any dispute arising from this Agreement through friendly negotiations. 

 

	 	11.3	If no settlement can be reached through negotiations within thirty (30) days after the request for consultation is made by any Party, either party can submit the
matter to China International Economic and Trade Arbitration Commission Shanghai Commission with its then effective rules. The arbitration shall take place in Shanghai. The arbitration decision shall be final and is binding upon the Parties. If
there is a dispute or a dispute is in the process of arbitration, other than the matters in dispute, the Parties shall enjoy all other rights and perform all other obligations pursuant to this Agreement. 

 

	12.	Miscellaneous 

  

	 	12.1	The headings contained in this Agreement are for convenient referencing only and do not affect the interpretation, explanation or meaning of the provisions of this
Agreement. 

  

	 	12.2	The Parties confirm that upon this Agreement effectiveness, all Parties are in complete agreement respect to the subject matters and interpretations of this Agreement
and replaces all prior verbal or/and written agreements and understandings. 

  

	 	12.3	This Agreement shall bind and benefit the Parties, the “successor” and the transferees allowed by each Party. 

 

	 	12.4	Any Party’s failure to exercise or delay in exercising of any right and remedy under this Agreement shall not be deemed as a waiver , and shall not affect the
future exercise of such rights in other manners or other r rights by the same Party. 

  

	 	12.5	If any provision of this Agreement is judged as void, invalid or unenforceable under relevant laws, the provision shall be deemed invalid only within the applicable
area of the law, The validity, legality and enforceability of the other provisions hereof are not affected or impaired in any way. The Parties shall cease performing such void, invalid or unenforceable provisions and replace these with provisions
which are valid, effective and enforceable regarding to the said facts and situation. 

  
 11 

	 	12.6	The Parties agree the meaning of “Party A’s (prior) written consent” hereunder means approval by the board of Party A. 

 

	 	12.7	Any matters excluded in this Agreement shall be negotiated by the Parties. Any amendment or supplement to this Agreement shall be made in writing. Amendments and
supplements duly executed by each Party shall be deemed as a part of this Agreement and enjoys the same legal effect as this Agreement. 

  

	 	12.8	This Agreement is drawn up with three (3) original copies; each Party holds one (1) copy and each copy has the same legal effect. 

 

	 	12.9	The appendix hereto constitutes an integral part of this Agreement and has the same legal effect as this Agreement. 

[No Text Below] 

  
 12 

 [no text, Signature Page of Equity Interest Purchase Right Agreement ] 

Party A: Shenzhen 7Road Network Technologies Co., Ltd. 
 Legal Representative: Tao Wang 

	
	
	  

 Party B: 

Signature: 
 Party C: Shenzhen 7Road
Technology Co., Ltd. 
 Legal Representative: Tao Wang 

	
	
	  

  
 1 

 Appendix 1: 
 Equity Purchase Notice 
 (Sample) 

To: 
 According to the Equity Interest Purchase
Agreement entered into between and by you and us dated June 26, 2012, we hereby notify and request you to transfer    % equity interests in Shenzhen 7Road Technology Co., Ltd. to
             at a transfer price of RMB              in accordance with the provisions of said agreement.

 Regards, 
 Shenzhen 7Road Network Technologies Co., Ltd. 
 (Seal) 

Date:                    

 Appendix 2: 
 Declaration of Waiving First Refusal Right 
 Shenzhen 7Road Technology Co. Ltd.
(“7Road”) is a limited liability company incorporated under the PRC laws on January 22, 2008. I, the legal registered shareholder of 7Road holding     % of 7Road’s shares, agree and permanently and irrevocably
waive all or part of any rights of first refusal held by me to a transfer of shares held by other shareholders of 7Road (except for me) to Shenzhen 7Road Network Technologies Co., Ltd. or Designated Person (as on the date hereof and the changed from
time to time), and shall not prevent the transfer in any form. 
  

	
	Signature:
	
	  

  

	
	Date:

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