Document:

Exclusive Option Agreement

 Exhibit 4.125 
 Exclusive Option Agreement 
 THIS OPTION AGREEMENT (this “Agreement”) dated
                     is entered into in Beijing between: 
  

	1.	Party A: KONG YI (hereinafter referred to as “Party A”), Chinese citizen, who lives at Room 502, Floor 2, Unit 5, Building 10, Hua Xing Yuan Block, Beijing, and whose ID
number is 132821197301270476; 

  

	2.	Party B: BEIJING LEI TING WAN JUN NETWORK TECHNOLOGY COMPANY LIMITED (hereinafter referred to as “Party B”), a limited liability company duly incorporated and existing
under the PRC laws with its registered address at RoomC-610 No.18, Xi Nan Huan Road, Beijing Economic- Technology Development Area, Beijing, the communication address is Floor 8, West Three Building, East Economic and Trade City, East Plaza,
No. 1, Dong Chang An Road, Dong Cheng District, Beijing (Postal Code 100738) 

 In this Agreement, each of Party A and Party B shall be
hereinafter individually referred to as a “Party” and collectively the “Parties”. 
 WHEREAS: 
  

	 1.
	 Party A, Party B and Zhang Wei executed the “Share Transfer Agreement” (hereinafter referred to as “Share
Transfer Agreement 1”) about Beijing Huan Jian Shu Meng Science and Technology Development Co. LTD (hereinafter referred to as “HJSM”) on January 4th, 2006, after finishing the share transfer in the Share Transfer Agreement 1, Party A owns 13.75% shares of HJSM, Zhang Wei owns 11.25% shares of HJSM, Party B
owns 75% shares of HJSM. 

  

	2.	Party A and Zhang Wei, entered into a “Share Transfer Agreement” (hereinafter referred to as “Share Transfer Agreement 2”) about HJSM on
            , after finishing the share transfer in the Share Transfer Agreement 2, Party A owns 25% shares of HJSM, Zhang Wei not owns shares of HJSM anymore, Party B owns 75%
shares of HJSM. 

  

	3.	Party A and Party B agree, Party B has exclusive option right for Party A’s 25% shares of HJSM. 

 Now therefore, through friendly negotiation, the Parties reach the agreement as follows: 

	1.	Stock Exclusive Option 

  

	1.1	Party A hereby irrevocably grants to Party B an irrevocable right to purchase, in person or by a designated person (“Designee”), the 25% shares of Party A at any time in
part or in whole at Party B’s sole and absolute discretion to the extent permitted by Chinese laws and the relevant regulation of “Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange of Hong Kong
Limited”, in 2 years after the completion of the share transfer in “Share Transfer Agreement 1” (the date of completing the alteration registration with industrial and commercial administration is the criterion) at the price of US
2,400,000 dollars. No other persons shall be entitled to the above stock exclusive option except Party B and its Designee(s). 

  

	1.2	Subject to the provisions of PRC laws and regulations, when exercising the stock option, Party B shall issue to Party A a written notice (the “Stock Option Notice”) which
shall specify the following items: (a) the decision of Party B to exercise the stock option and appointing the alienee; (b) the purchase date /the transfer date. 

  

	1.3	When Party B exercises the Stock Option: 

  

	 	1.3.1	Party A shall take part in a shareholders meeting promptly, on which the stock option transfer of 25% shares of HJSM from Party A to Party B and / or its Designee(s) shall be
approved; 

  

	 	1.3.2	Party A shall execute a share transfer agreement with Party Band/or its Designee (whichever is applicable) pursuant to the provisions of this Agreement and the Stock Option Notice;

  

	 	1.3.3	Party A shall execute all other necessary contracts, agreements or documents, obtain all necessary government licenses and permits and take all necessary actions, to assign to Party
B and/or its Designee(s) the valid title to the Option Stock without any encumbrance of any security interest, and to cause Party B and/or its Designee(s) to be registered the legal holder(s) of the Option Stock with registration with the industry
and commerce administration. For the purpose of this section and this Agreement, “security interest” shall include security, mortgages, third party’s rights or interests, any stock options, acquisition right, right of first refusal,
right to offset, ownership detention or other security arrangements. 

	2.	Confidentiality 

  

	2.1	Each Party admits and confirm any verbal or written information exchanged through the business under this Agreement is confidentiality (including but not limited to the content of
the Agreement). 

  

	2.2	Both Parties shall keep them confidential, and shall not disclose such confidential information to any third party without the prior written consent of the other party except that:
(a) such information has been disclosed or is to be disclosed to the public (except being disclosed to the public by the information recipient without the consent of the other party); (b) such information shall be disclosed to the public
in accordance with the Hong Kong laws or the regulations or practices of the Hong Kong Stock Exchanges; or (c) such information need to be disclosed to the legal counsel or the financial advisor who shall bear the confidential obligations.

  

	3.	Dispute Resolution 

  

	3.1	The effectiveness, construction and performance of this Agreement shall be governed by PRC laws. 

  

	3.2	All disputes arising out of the performance of this Agreement shall be resolved by the Parties through friendly consultation. Should the Parties fail to reach an agreement, such
dispute shall be referred to the China International Economics and Trade Arbitration Commission for resolution by arbitration, in accordance with its then-effective arbitration rules. The arbitration shall be performed in Beijing. The award shall be
final and binding on both Parties. 

  

	4.	Effectiveness 

  

	4.1	This Agreement shall become effective upon execution by the Parties in four counterparts, two held by each Party A and Party B. Each counterpart shall be equally authentic.

  

	4.2	In witness whereof, this Agreement has been duly executed on the day and year first above written. 

							
	(No articles in this page)	  		  	
			
	Party A: Kong Yi	  		  	
	Signature:	 	  
	  		  	
	
	Party B: Beijing Lei Ting Wan Jun Network Technology Company Limited
	Legal representative:	  		  	
	Signature:	 	  
	  		  	
	Seal:Equity Transfer Agreement

 EXHIBIT 4.126 
 KONG YI 
 and 
 ZHANG WEI 
 SHARE TRANSFER AGREEMENT 
 on 
 BEIJING HUAN JIAN SHU MENG NETWORK TECHNOLOGY DEVELOPMENT CO., LTD

 SHARE TRANSFER AGREEMENT 
 THIS AGREEMENT is made this 23rd day of August, 2006 by and between: 
  

	(1)	KONG YI (hereinafter referred to as “Party A”), who lives at No.522, 2/F, Unit 5, Suit 10, Huaxing Garden, Tongzhou District, Beijing, and whose ID number is
132821197301270476; and 

  

	(2)	ZHANG WEI (hereinafter referred to as “Party B”), who lives at Zijin Astronomical Observatory, Xuanwu District, Nanjing, and whose ID number is 320923197504080316.

 Party B and Party A shall be hereinafter referred to as a “Party” and collectively as “the Parties” 
 WHEREAS: 
  

	(A)	Party A, Party B and Beijing Lei Ting Wan Jun Network Technology Company Limited (hereinafter referred to as “LTWJ”) entered into a share transfer agreement as of
4 January 2006 regarding the share transfer of Beijing Huan Jian Shu Meng Network Technologyd Development Co., Ltd (hereinafter referred to as HJSM). Upon the completion of this share transfer, Party A owned 13.75% HJSM shares, Party B owned
11.25% HJSM shares, and LTWJ owned 75% of the HJSM shares; and 

  

	(B)	Party B hereby wishes to sell to Party A and Party A hereby wishes to purchase from Party B 11.25% of HJSM shares under the terms and conditions of this Agreement.

 NOW THEREFORE, it is hereby agreed as follows: 
  

	1.	Sale and Purchase of the Shares 

  

	1.1	Party B agrees to sell to Party A and Party A hereby agrees to purchase from Party B 11.25% of SDHT shares at the price of RMB 2.25 million yuan. 

  

	1.2	Party A shall pay for the share transfer price subject to Article 2 hereof. 

  

	2.	Payment of Share Transfer Price 

  

	2.1	Party A shall pay to Party B for the share transfer price in cash, i.e. RMB 2.25 million yuan within fifteen business days (any day (excluding Saturday and Sunday) on which
banks are generally open in PRC for the transaction of normal banking business) after the satisfaction of the following conditions: 

  

	 	(1)	The shareholders and board of HJSM have passed the resolution on approving Party B of transferring its 11.25% of HJSM shares to Party A and LTWJ waives its right of first refusal
against such transfer; and 

  

 1 

	 	(2)	Party A, Party B and LTWJ have registered with the original industrial and commercial administration for alteration of shareholders and amendment to the articles of association.

  

	3.	Equity Ratio after the Share Transfer 

  

	3.1	After the share transfer as agreed in Article 1 and Article 2, Party A shall own 25% of HJSM shares; Party B shall not own any HJSM shares and LTWJ shall own 75% HJSM shares.

  

	4.	Representations and Warranties by Party A and Party B 

  

	4.1	Party A hereby represents and warrants that: 

  

	 	(1)	Party A is a Chinese citizen with Chinese nationality; 

  

	 	(2)	The execution and performance of this Agreement shall not violate any law or contract that has binding force or influence on Party B; 

  

	 	(3)	This Agreement constitutes the legitimate, valid and binding obligations on the Parties upon execution. 

  

	4.2	Party B hereby represents and warrants that: 

  

	 	(1)	Party B is a Chinese citizen with Chinese nationality; 

  

	 	(2)	The execution and performance of this Agreement shall not violate any law or contract that has binding force or influence on Party A; 

  

	 	(3)	This Agreement constitutes the legitimate, valid and binding obligations on the Parties upon execution; 

  

	 	(4)	Party B has the complete, valid and full title to the shares transferred to Party A under this Agreement. Such title is free of any mortgage, other security interest and third party
interest. 

  

	4.3	Party A shall be responsible for any loss Party B incurred from the incompliance with facts of the representations and warranties under the aforesaid Article 4.1.

  

	4.4	Party B shall be responsible for any loss Party A incurred from the incompliance with facts of the representations and warranties under the aforesaid Article 4.2.

  

 2 

	5.	Share of Relevant Costs and Expenses 

  

	5.1	Party B shall be liable for all the relevant income taxes incurred during the share transfer and assume relevant legal liabilities. 

  

	6.	Confidentiality 

  

	6.1	The Parties acknowledge and confirm that all the oral or written information in connection with this Agreement is the confidential information (including without limitation the
content of this Agreement). 

  

	6.2	The Parties shall keep them confidential, and shall not disclose such confidential information to any third party without the prior written consent from the other two parties except
for: (i) such information has been disclosed or is to be disclosed to the public (except being disclosed to the public by the recipient at its discretion); (ii) such information shall be disclosed to the public in accordance with the
practices, rules and regulations (including without limitation the Rules Governing the Listing of Securities on the Growth Enterprise Market on the Stock Exchange of Hong Kong Limited) or (iii) such information needs to be disclosed for the
transactions prescribed in this Agreement to the legal counsel or financial advisor who shall bear the confidential obligations hereof. 

  

	7.	Dispute Resolution 

  

	7.1	The effectiveness, interpretation and execution shall be governed by the laws of PRC. 

  

	7.2	All disputes arising out of the interpretation and performance of this Agreement shall be resolved by the Parties through friendly consultation. Should the Parties fail to reach an
agreement, either Party may submit such dispute to the China International Economy and Trade Arbitration Commission for arbitration in accordance with the prevailing arbitration rules thereof. The arbitration shall be performed in Beijing. The
arbitration award shall be final and binding on the Parties. 

  

	8.	Force Majeure 

  

	8.1	If any Party fails to perform all or part of its obligations hereunder due to force majeure (i.e. any event which could not be reasonably controlled or foreseen or be avoid and
overcome even if it is foreseeable by the affected party and which occurs after the execution date thus making it impossible or unpractical for such party to make full or partial performance hereunder (including failing to perform after spending a
reasonable amount money), including but not limited to, flood, fire, drought, typhoon, earthquake and other act of nature, infection, strike, turbulence, riot and war (whether declared or not) and act or omission of government), such Party shall
cease to perform such obligations when the force majeure is still in effect. 

  

 3 

	8.2	The Party claiming to be affected by force majeure shall send a written notice of such force majeure to the other Party as soon as possible, and present appropriate evidence within
fifteen days after the occurrence and existing time of such force majeure by personal service or registered airmail. The Party claiming that the impossible or impractical performance results from the force majeure shall make reasonable endeavours to
eliminate or reduce the influence of such force majeure. 

  

	8.3	In the event of force majeure, the Parties shall forthwith decide the implementation of this Agreement through amicable consultation. After such force majeure or its influence has
been terminated or eliminated, the Parties shall forthwith resume performing their respective obligations hereunder. 

  

	9.	Effectiveness 

  

	9.1	This Agreement shall become effective upon execution by the Parties in six counterparts, one held by each Party, one for alteration registration with industrial and commercial
administration, and three retained by HJSM. Each counterpart shall be equally effective. 

  

	9.2	IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written. 

  

 4 

 IN WITNESS WHEREOF, this Agreement has been duly executed on the day and year first above written. 
  

			
	Party A: KONG YI
		
	Signature:	 	  

	
	Party B: ZHANG WEI
		
	Signature:	 	  

  

 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}]]