EX-4.6 8 dex46.htm SERIES B PREFERRED SHARE PURCHASE AGREEMENT Series B Preferred Share Purchase Agreement

Exhibit 4.6

SERIES B PREFERRED SHARE PURCHASE AGREEMENT

THIS SERIES B PREFERRED SHARE PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of April 28, 2006 by and among Thinkplus Investments Limited, a company organized under the laws of the Cayman Islands (the “Company”); Worksoft Creative Software Technology Co., Ltd. LOGO, a limited liability company established under the laws of the PRC and a wholly-owned subsidiary of the Company (the “PRC Subsidiary”); WorkSoft Creative Software Technology Limited, a company organized under the laws of the British Virgin Islands (the “BVI Subsidiary”); Worksoft Creative Software Technology, Inc., a corporation organized and existing under the laws of Delaware (the “U.S. Subsidiary”); those certain holders of the ordinary shares of the Company listed in Schedule A hereto (collectively, the “Seller Parties”, and each, a “Seller Party”); and those investors listed in Schedule B hereto (collectively, the “Investors”, and each, an “Investor”).

WorkSoft Japan, Inc., a company limited by shares organized under the laws of Japan (the “Japan Subsidiary”), the PRC Subsidiary, BVI Subsidiary and U.S. Subsidiary are collectively referred to herein as the “Subsidiaries” and each, a “Subsidiary”. The Company and the Subsidiaries are referred to collectively herein as the “Group Companies”, and each, a “Group Company”.

RECITALS

A. The PRC Subsidiary is a wholly foreign-owned enterprise established on July 2, 2004 and has its principal place of business at 3/F, Building 8, Zhongguancun Software Park, Haidian District, Beijing 100094, China;

B. The BVI Subsidiary was incorporated on August 6, 2004 and has its principal place of business at 3/F, Building 8, Zhongguancun Software Park, Haidian District, Beijing 100094, China;

C. The Japan Subsidiary was established on March 18, 2002 and has its principal place of business at 16-20, Shibaura 3-chome, Minato-ku, Tokyo, Japan 150-0036;

D. The U.S. Subsidiary was established on November 29, 2005 and has its principal place of business at 76 Arcadia Avenue, Santa Clara, California 95051, USA;

E. The Group Companies are engaged in the business and activities set forth in the Company’s most recent budget as approved by the Board of Directors of the Company (the “Board”) and in the Company’s latest business plan, written copies of both of which have been delivered to the Investors (the “Business”);

F. On February 25, 2005, the Company, certain of the Subsidiaries, certain shareholders of the Company and certain Investors entered into several agreements regarding the issuance and sale of the Company’s Series A Preferred Shares; and

G. The Company desires (i) to issue and sell to the Investors, and the Investors desire to purchase from the Company, Series B-1 preferred shares, par value US$0.001 per


share, of the Company (the “Series B-1 Preferred Shares”) and Series B-2 preferred shares, par value US$0.001 per share, of the Company (the “Series B-2 Preferred Shares”), and (ii) to reserve for issuance Series B-3 preferred shares, par value US$0.001 per share, of the Company (the “Series B-3 Preferred Shares”) pursuant to the terms of the Investor Warrants (as those terms are defined herein), respectively, on the terms and conditions set forth in this Agreement (the Series B-1 Preferred Shares, Series B-2 Preferred Shares and Series B-3 Preferred Shares collectively referred to herein as the “Series B Preferred Shares”).

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

Term

   Section Defined

Act

   3.2

Action

   3.10

Affiliate

   3.20

Amended and Restated Shareholders Agreement

   3.2

Ancillary Documents

   3.4

Associate

   3.20

Balance Sheet Date

   3.16

Board

   RECITAL E

Business

   RECITAL E

Centre

   8.14

CFC

   3.19

Circular 75

   3.11

Closing

   2.1

Constitutional Documents

   3.12

Conversion Shares

   1.2

Disclosure Schedule

   3

Dispute Notice

   8.14

Employee Securities

   3.2

Financial Statements

   3.16

Financing Documents

   3.4

Governmental Authority

   3.8

Group Company Contracts

   3.12

Investor Warrants

   3.2

Law

   3.11

material

   3.9

Material Adverse Effect

   3.1

Ordinary Shares

   3.2

PFIC

   3.19

Proceeds

   5.1

Proprietary Assets

   3.8

Purchase Price

   1.2

Registered Intellectual Property

   3.8

Request for Consultation

   8.14

Restated Articles

   1.1

SEC

   3.2

Series A Preferred Shares

   3.2

Series B Preferred Shares

   RECITAL G

Series B-1 Preferred Shares

   RECITAL G

Series B-2 Preferred Shares

   RECITAL G

Series B-3 Preferred Shares

   RECITAL G

US GAAP

   3.16

 

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1. AGREEMENT TO PURCHASE AND SELL SHARES

1.1. Authorization. As of the Closing, the Company will have authorized the issuance, pursuant to the terms and conditions of this Agreement, of 2,990,000 Series B-1 Preferred Shares, 6,380,188 Series B-2 Preferred Shares and 1,000,000 Series B-3 Preferred Shares, having the rights, preferences, privileges and restrictions as set forth in the Amended and Restated Memorandum of Association and Articles of Association of the Company attached hereto as Exhibit A (the “Restated Articles”).

1.2. Agreement to Purchase and Sell. Subject to the terms and conditions hereof, the Company hereby agrees to issue and sell to each Investor, and each Investor hereby agrees to purchase from the Company, on the date of the Closing, Series B-1 Preferred Shares at a price of US$2.20 per shares and Series B-2 Preferred Shares at a price per share of US$2.8996 per share in the amounts set forth adjacent to such Investor’s name in Schedule B hereto, amounting to an aggregate purchase price of twenty-five million seventy-eight thousand U.S. dollars (US$25,078,000) (the “Purchase Price”). The ordinary shares of the Company issuable upon conversion of the Series B Preferred Shares will be collectively hereinafter referred to as the “Conversion Shares”. The Purchase Price shall be paid by wire transfer of funds to a designated account of the Company, provided that wire transfer instructions are delivered to the Investors at least five (5) business days prior to the Closing.

 

2. CLOSINGS; DELIVERY

2.1. Closing. Subject to the fulfillment of the conditions to closing as set forth in Section 6, the sale of the Series B Preferred Shares hereunder shall be held at the offices of O’Melveny and Myers LLP in Beijing, China, on May 15, 2006 or at such other time and place as the Company and the Investors may mutually agree upon (the “Closing”).

2.2. Delivery. At the Closing, the Company will deliver to the Investors the Series B-1 Preferred Shares and Series B-2 Preferred Shares purchased hereunder against the payment of the Purchase Price.

 

3. REPRESENTATIONS AND WARRANTIES OF THE GROUP COMPANIES AND THE SELLER PARTIES.

The Group Companies (other than the Japan Subsidiary), jointly and severally; the Seller Parties, severally but not jointly, hereby represent and warrant to the Investors, except

 

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as set forth in the Disclosure Schedule (the “Disclosure Schedule”) attached to this Agreement as Exhibit B (which Disclosure Schedule shall be deemed a part of the representations and warranties to such Investors), as of the date hereof and as of the date of the Closing hereunder, as follows:

3.1. Organization, Standing and Qualification. Each Group Company is duly organized, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, the laws of the place of its incorporation or establishment and has all requisite corporate power and authority to own its properties and assets and to carry on its business as now conducted, and to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is qualified to do business and is in good standing (or equivalent status in the relevant jurisdiction) in each jurisdiction where failure to be so qualified would have a material adverse effect on the business (as presently conducted), properties, assets, condition (financial or otherwise), or results of operation of any Group Company (a “Material Adverse Effect”).

3.2. Capitalization.

(a) Authorized Share Capital. Immediately prior to the Closing, the authorized share capital of the Company consists of the following: (i) A total of 70,000,000 authorized ordinary shares, par value US$0.001 per share (the “Ordinary Shares”), of which 8,610,000 are issued and outstanding; (ii) 7,175,000 Series A Preferred Shares, par value US$0.001 per share (the “Series A Preferred Shares”), all of which are issued and outstanding, (iii) 2,990,000 Series B-1 Preferred Shares, par value US$0.001 per share, none of which are issued and outstanding, (iv) 6,380,188 Series B-2 Preferred Shares, par value US$0.001 per share, none of which are issued and outstanding; and (v) 1,000,000 Series B-3 Preferred Shares, par value US$0.001 per share, none of which are issued and outstanding.

(b) Options, Warrants, Reserved Shares. The Company has reserved sufficient number of Ordinary Shares for issuance upon the conversion of the Series B Preferred Shares. Except for (i) the conversion privileges of the Series A Preferred Shares, (ii) the conversion privileges of the Series B Preferred Shares, (iii) the preemptive rights provided in the Amended and Restated Shareholders Agreement to be entered into at the Closing in the form attached hereto as Exhibit C (the “Amended and Restated Shareholders Agreement”), (iv) 1,867,500 Ordinary Shares (and options and warrants therefor) as of the date of this Agreement, and 2,467,500 Ordinary Shares (and options and warrants therefor) as of the date of the Closing, reserved for issuance to employees pursuant to the employee equity incentive plans approved by the Board, (v) as provided in the Amended and Restated Memorandum of Association and Articles of Association of the Company effective on the date of this Agreement and, as of the Closing, in the Restated Articles, (vi) the conversion privileges provided in the Investor Warrants to be entered into at the Closing between the Company and each Investor in the form attached hereto as Exhibit D (“Investor Warrants”), and (vii) as contemplated elsewhere herein, including, without limitation, the Disclosure Schedule, there are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance thereof, presently outstanding to purchase any of the shares of the Company. Apart from the exceptions noted in this Section 3.2 and the Amended and Restated Shareholders Agreement, no shares (including the Series B Preferred Shares and the Conversion Shares) of the Company’s outstanding share capital, or shares issuable upon exercise or exchange of any outstanding options or other shares issuable by the Company, are subject to any preemptive rights, rights of first refusal or other rights to purchase such shares (whether in favor of the Company or any other person).

 

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(c) Outstanding Security Holders. A complete and current list of all outstanding shareholders, option holders and other security holders of the Company as of the date hereof is set forth in Section 3.2(c) of the Disclosure Schedule, indicating the type and number of shares, options, warrants or other securities held by each such shareholder, option holder, warrant holder or other security holder, and the exercise price and date of grant for any options or warrants.

(d) Capitalization and Shareholdings. Intentionally Omitted.

(e) Lock-Up. As of the Closing, all outstanding securities of the Company, including, without limitation, all outstanding share capital of the Company, all shares of the Company issuable upon the conversion or exercise of all convertible or exercisable securities and all other securities that the Company is obligated to issue, will have been subject to a one hundred eighty (180) day “market stand-off” restriction upon an initial public offering of the Company’s securities pursuant to a registration statement filed with the Securities and Exchange Commission (“SEC”) pursuant to the United States Securities Act of 1933, as amended (the “Act”), in a form substantially identical to Section 2.13 of the Amended and Restated Shareholders Agreement.

(f) Section 3.2(f) of the Disclosure Schedule sets forth a complete list of each security of the Company owned by any officer, director or employee of the Group Companies, or by any Affiliate or any member of the immediate family of any such individual (the “Employee Securities”). The vesting schedule set forth in Section 9.4 of the Amended and Restated Shareholders Agreement shall apply to all of the Employee Securities. Except as set forth in the Disclosure Schedule, no share plan, share purchase, share option or other agreement or understanding between the Company and any holder of any securities or rights exercisable or convertible for securities provides for acceleration or other changes in the vesting provisions or other terms of such agreement or understanding as the result of the occurrence of any event.

3.3. Subsidiaries; Group Structure.

(a) Except for the BVI Subsidiary, one hundred percent (100%) of the equity interest of which is owned by the Company, the PRC Subsidiary, one hundred percent (100%) of the equity interest of which is owned by the Company, the Japan Subsidiary, fifty-one percent (51%) of the equity interest of which is owned by the Company, and the U.S. Subsidiary, one hundred percent (100%) of the equity interest of which is owned by the Company, the Company does not presently own or control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association, or other entity. None of the Subsidiaries has any subsidiaries, nor does any of the Subsidiaries own or control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity, nor does any of the Subsidiaries maintain any offices or branches or subsidiaries except for its offices indicated in the Recitals.

(b) As of the Closing, each Subsidiary shall possess all requisite approvals, permits and licenses for the conduct of the Business as currently conducted and for the ownership and operation of its assets and property.

 

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(c) There are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance thereof, presently outstanding to purchase any of the equity interest in any of the Subsidiaries.

3.4. Due Authorization. All corporate or other action on the part of each Seller Party and Group Company (as applicable, its respective officers, directors and shareholders) necessary for (i) the authorization, execution and delivery of, and the performance of all obligations of the Group Companies and the Seller Parties under, this Agreement, the Amended and Restated Shareholders Agreement, and any other agreements to which it is a party and the execution of which is contemplated hereunder (the “Ancillary Documents”, and collectively with this Agreement and the Amended and Restated Shareholders Agreement, the “Financing Documents”), and (ii) the authorization, issuance, reservation for issuance and delivery of all of the Series B Preferred Shares being sold under this Agreement and of the Ordinary Shares issuable upon conversion of such Series B Preferred Shares has been taken or will be taken prior to the Closing. Each of the Financing Documents is a valid and binding obligation of the Group Companies and the Seller Parties enforceable in accordance with its terms, subject, as to enforcement of remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar Laws affecting creditors’ rights generally and to general equitable principles.

3.5. Valid Issuance of Series B Preferred Shares.

(a) The Series B Preferred Shares and the Conversion Shares, when issued, sold and delivered in accordance with the terms of this Agreement will be duly and validly issued, fully paid and nonassessable.

(b) The outstanding capital shares of the Company are duly and validly issued, fully paid and nonassessable, and all outstanding shares, options, warrants and other securities of the Company have been issued in full compliance with the requirements of all applicable securities Laws and regulations including, to the extent applicable, the registration and prospectus delivery requirements of the Act, or in compliance with applicable exemptions therefrom, and all other provisions of applicable securities Laws and regulations, including, without limitation, anti-fraud provisions.

3.6. Minute Books. The Company has delivered copies of its most recent budget as approved by the Board and its latest business plan to the Investors. The minute books of each Group Company have been made available to the Investors and such minutes books contain a complete summary of all meetings and actions taken by directors and shareholders or owners of such Group Company since its time of formation, and reflect all transactions referred to in such minutes accurately in all material respects. All Board and shareholder resolutions, charter documents (and any amendments thereto) and any other required filings of the Company have been duly filed with the registrar of companies of the Cayman Islands within the required deadlines for such filings under Cayman Islands Law.

3.7. Title to Properties and Assets. Each Group Company has good and marketable title to its properties and assets held in each case subject to no mortgage, pledge, lien, encumbrance, security interest or charge of any kind. With respect to the property and assets it leases, each Group Company is in compliance with such leases and, to the best of its and each Seller Party’s knowledge, such Group Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.

 

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3.8. Status of Proprietary Assets. For purposes of this Agreement, (i) “Proprietary Assets” shall mean all patents, patent applications, trademarks, service marks, trade names, domain names, copyrights, copyright registrations and applications and all other rights corresponding thereto, inventions, databases and all rights therein, all computer software including all source code, object code, firmware, development tools, files, records and data, including all media on which any of the foregoing is stored, formulas, designs, trade secrets, confidential and proprietary information, proprietary rights, know-how and processes, and all documentation related to any of the foregoing; and (ii) “Registered Intellectual Property” means all Proprietary Assets of any Group Company, wherever located, that is the subject of an application, certificate, filing, registration or other document issued by, filed with or recorded by any Governmental Authority. “Governmental Authority” means any nation or government or any province or state or any other political subdivision thereof, or any entity, authority or body exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any government authority, agency, department, board, commission or instrumentality or any political subdivision thereof, any court, tribunal or arbitrator, and any self-regulatory organization. Each Group Company (i) has independently developed and owns (or can obtain on commercially reasonable terms) free and clear of all claims, security interests, liens or other encumbrances, or (ii) has (or can obtain on commercially reasonable terms) a valid right or license to use all Proprietary Assets, including Registered Intellectual Property, necessary and appropriate for its business as now conducted, the lack of which could reasonably be expected to have a Material Adverse Effect, and without any conflict with or infringement of the rights of others. Section 3.8 of the Disclosure Schedule contains a complete list of all Registered Intellectual Property of each Group Company. There are no outstanding options, licenses, agreements or rights of any kind granted by any Group Company or any other party relating to any Group Company’s Proprietary Assets, nor is any Group Company bound by or a party to any options, licenses, agreements or rights of any kind with respect to the Proprietary Assets of any other person or entity, except, in either case, for standard end-user agreements with respect to commercially readily available intellectual property such as “off the shelf” computer software, agreements with its employees or consultants, support/maintenance agreements or agreements entered into in the ordinary course of business of such Group Company. No Group Company or Seller Party has received any written communications alleging that it has violated or, by conducting its business, would violate any Proprietary Assets of any other person or entity, nor, to the best knowledge of the Group Companies and the Seller Parties, is there any reasonable basis therefor. To the best knowledge of each Group Company and each Seller Party, none of the Seller Parties nor any of the current or former officers, employees or consultants of any Group Company (at the time of their employment or engagement by a Group Company) has been or is obligated under any contract (including licenses, covenants or commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency, that would interfere with the use of his, her or its best efforts to promote the interests of such Group Company or that would conflict with the business of such Group Company as presently conducted or that would prevent such officers, employees or consultants from assigning to such Group Company inventions conceived or reduced to practice in connection with services rendered to such Group Company. Neither the execution nor delivery of any of the Financing Documents, nor the carrying on of the business of any Group Company by its employees, nor the conduct of the business of any Group Company as presently conducted, will, to the best knowledge of each Group Company and Seller Party, conflict with or result in a breach of the terms, conditions or provisions of, or constitute a default under, any contract, covenant or instrument under which any of such employees is now obligated. Each Group Company and Seller Party believes that it will not

 

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be necessary to utilize without proper authorization any inventions of any of the Group Companies’ employees (or people the Group Companies currently intend to hire) made prior to or outside the scope of their employment by the relevant Group Company. No government funding, facilities of any educational institution or research center, or funding from third parties has been used in the development of any Proprietary Assets of any Group Company.

3.9. Material Contracts and Obligations. All agreements, contracts, leases, licenses, instruments, commitments (oral or written), indebtedness, liabilities and other obligations to which each Group Company is a party or by which it is bound that (i) are material to the conduct and operations of its business and properties, (ii) involve any of the officers, consultants, directors, employees or shareholders of the Group Company; or (iii) materially obligate such Group Company to share, license or develop any product or technology are listed in Section 3.9 of the Disclosure Schedule and have been made available for inspection by the Investors and their counsel. For purposes of this Section 3.9, “material” shall mean (i) having an aggregate value, cost or amount, or imposing liability or contingent liability on any Group Company, in excess of one hundred thousand U.S. dollars (US$100,000) or granting rights or imposing obligations that extend for more than one year beyond the date of this Agreement, (ii) not being terminable upon thirty (30) days notice without incurring any material penalty or obligation, (iii) containing exclusivity, non-competition, or similar clauses that impair, restrict or impose conditions on any Group Company’s right to offer or sell products or services in specified areas, during specified periods, or otherwise, (iv) not being in the ordinary course of business, (v) transferring or licensing any Proprietary Assets to or from any Group Company (other than licenses granted in the ordinary course of business or licenses from commercially readily available “off the shelf” computer software) or (vi) an agreement the termination of which would be reasonably likely to have a Material Adverse Effect.

3.10. Litigation. There is no action, suit, proceeding, claim, arbitration or investigation (“Action”) pending (or, to the best knowledge of each Group Company and Seller Party, currently threatened) against any of the Group Companies, any Group Company’s activities, properties or assets or, to the best of each Group Company’s and Seller Party’s knowledge, against any officer, director or employee of each Group Company in connection with such officer’s, director’s or employee’s relationship with, or actions taken on behalf of any Group Company, or otherwise. To the best knowledge of each Group Company and Seller Party, there is no factual or legal basis for any such Action that is likely to result, individually or in the aggregate, in a Material Adverse Effect. By way of example, but not by way of limitation, there are no Actions pending against any of the Group Companies or, to the best knowledge of each Group Company and Seller Party, threatened against any of the Group Companies, relating to the use by any employee of any Group Company of any information, technology or techniques allegedly proprietary to any of their former employers, clients or other parties. None of the Group Companies is a party to or subject to the provisions of any order, writ, injunction, judgment or decree of any court or Governmental Authority and there is no Action by any Group Company currently pending or which it intends to initiate. There is no Action pending, threatened or contemplated by any Group Company against any person or entity, including without limitation present or former employees of any Group Company.

3.11. Compliance with Laws; Consents and Permits.

(a) None of the Group Companies is in violation of any applicable Law of any Governmental Authority in respect of the conduct of its business or the

 

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ownership of its properties. All consents, permits, approvals, orders, authorizations or registrations, qualifications, designations, declarations or filings by or with any Governmental Authority or any third party which are required to be obtained or made by each Group Company and each Seller Party in connection with the consummation of the transactions contemplated hereunder shall have been obtained or made prior to and be effective as of the Closing. “Law” means any constitutional provision, statute or other law, rule, regulation, official policy or interpretation of any Governmental Authority.

(b) Each Group Company has all franchises, permits, licenses and any similar authority necessary for the conduct of its business as currently conducted, the absence of which would be reasonably likely to have a Material Adverse Effect. None of the Group Companies is in default under any of such franchises, permits, licenses or other similar authority. Each Group Company and each Seller Party has taken, or is in the process of taking, all reasonable steps to comply with, and to cause compliance by all PRC residents or PRC citizens who are shareholders or option holders of such Group Company or who are owners or controlling persons of such Seller Party with, Circular Hui Fa (2005) No. 75 issued by the State Administration of Foreign Exchange on October 21, 2005 (“Circular 75”), including without limitation, cause such shareholder, option holders, owner or controlling person that is, or is directly or indirectly owned or controlled by, a PRC resident or PRC citizen to complete any registration and other procedures required under Circular 75.

3.12. Compliance with Other Instruments and Agreements. None of the Group Companies is in, nor shall the conduct of its business as currently conducted result in, violation, breach or default of any term of its memorandum of association, articles of association, business license, certificate of incorporation or other constitutional documents of the respective Group Company (the “Constitutional Documents”), or in any material respect of any term or provision of any mortgage, indenture, contract, agreement or instrument to which any Group Company is a party or by which it or any or its assets or properties is bound (the “Group Company Contracts”), or of any provision of any judgment, decree, order, statute, rule or regulation applicable to or binding upon the Group Company, except where such violation, breach of default would not have a Material Adverse Effect. None of the activities, agreements, commitments or rights of any Group Company is ultra vires, unauthorized or otherwise outside of the business scope of any Group Company as set forth in its Constitutional Documents. The execution, delivery and performance of and compliance with this Agreement and the other Ancillary Documents and the consummation of the transactions contemplated hereby and thereby will not result in any such violation, breach or default, or be in conflict with or constitute, with or without the passage of time or the giving of notice or both, either a default under any Group Company’s Constitutional Documents or any Group Company Contract, or, to the best knowledge of each Group Company and Seller Party, a violation of any Laws, or an event which results in the creation of any material lien, charge or encumbrance upon any asset of any Group Company. None of the Group Companies is aware of any material default by any other party to any Group Company Contract or any condition existing that with notice or lapse of time or both would constitute a material default, or give any person or entity the right to declare a material default or exercise any remedy under, or to accelerate the maturity or performance of, or to cancel, terminate, or modify, a Group Company Contract.

3.13. Disclosure. Each Group Company and Seller Party has fully provided the Investors with all the information that the Investors have requested for deciding whether to purchase the Series B Preferred Shares and all information that each of the Group

 

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Companies and the Seller Parties believes is necessary to enable the Investors to make such decision. No representation or warranty by any Group Company or Seller Party in this Agreement and no information or materials provided by any Group Company or Seller Party to the Investor in writing in connection with the negotiation or execution of this Agreement or any agreement contemplated hereby, when taken as a whole, contains or will contain any untrue statement of a material fact, or omits or will omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances in which they are made, not misleading.

3.14. Registration Rights. Except as provided in the Amended and Restated Shareholders Agreement, none of the Group Companies or the Seller Parties have granted or agreed to grant any person or entity any registration rights (including piggyback registration rights) with respect to, nor is the Company obliged to list, any of the Company’s shares (or the equity interest in any of the Subsidiaries) on any securities exchange. Except as contemplated under this Agreement and the Ancillary Documents, there are no voting or similar agreements which relate to the share capital of the Company or the equity interests of any other Group Company.

3.15. Financial Advisor Fees. Except for the retention of The Hina Group as the Company’s financial advisor, there exists no agreement or understanding between any Group Company or any of its affiliates and any investment bank or other financial advisor under which such Group Company may owe any brokerage, placement or other fees relating to the offer or sale of the Series B Preferred Shares.

3.16. Financial Statements.

(a) The Company has delivered to the Investors the unaudited consolidated balance sheet, income statement and cash flow statement for the Group Companies for the fiscal year ending on December 31, 2005 and the unaudited consolidated balance sheet of the Group Companies dated as of March 31, 2006 (the foregoing financial statements and any notes thereto are hereinafter referred to as the “Financial Statements” and March 31, 2006 as the “Balance Sheet Date”). Such Financial Statements shall be (a) in accordance with the books and records of the Group Companies, (b) true, correct and complete and present fairly the financial condition of the Group Companies at the date or dates therein indicated and the results of operations for the period or periods therein specified, and (c) have been prepared in accordance with United States Generally Accepted Accounting Principles (“US GAAP”) applied on a consistent basis, except as to the unaudited consolidated financial statements, for the omission of notes thereto and normal year-end audit adjustments. Specifically, but not by way of limitation, the respective balance sheets of the Financial Statements disclose all of the respective Group Company’s material debts, liabilities and obligations of any nature, whether due or to become due, as of their respective dates (including, without limitation, absolute liabilities, accrued liabilities, and contingent liabilities) to the extent such debts, liabilities and obligations are required to be disclosed in accordance with US GAAP.

(b) Each Group Company has good and marketable title to all assets set forth on the balance sheets of the respective Financial Statements, in each case subject to no material mortgage, pledge, lien, lease, encumbrance or charge, other than (i) liens for current taxes not yet due and payable, or (ii) liens imposed by Law and incurred in the ordinary course of business for obligations not past due, and except for such assets as have been spent, sold or transferred in the ordinary course of business since their respective

 

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dates. Except as disclosed in the Financial Statements, none of the Group Companies or Seller Parties is a guarantor or indemnitor of any indebtedness of any other person or entity. Each Group Company has maintained a standard system of accounting established and administered in accordance with generally accepted accounting principles as required in the jurisdiction where it is incorporated.

3.17. Activities Since Balance Sheet Date. Since the Balance Sheet Date, with respect to any Group Company, there has not been:

(a) any change in the assets, liabilities, financial condition or operating results of such Group Company from that reflected in the Financial Statements, except changes that are in the ordinary course of business.

(b) any material change in the contingent obligations of such Group Company by way of guarantee, endorsement, indemnity, warranty or otherwise;

(c) any damage, destruction or loss, whether or not covered by insurance, which would be reasonably likely to have a Material Adverse Effect.

(d) any waiver by such Group Company or any Seller Party of a valuable right or of a material debt;

(e) any satisfaction or discharge of any lien, claim or encumbrance or payment of any obligation by such Group Company, except such satisfaction, discharge or payment made in the ordinary course of business;

(f) any material change or amendment to any Group Company Contract except for changes or amendments which are expressly provided for or disclosed in this Agreement;

(g) any material change in any compensation arrangement or agreement with any present or prospective employee, contractor or director;

(h) any sale, assignment or transfer of any Proprietary Assets or other material intangible assets of such Group Company;

(i) any resignation or termination of any officer or key employee of such Group Company, including any of the Founders;

(j) any mortgage, pledge, transfer of a security interest in, or lien created by such Group Company or any Seller Party, with respect to any of such Group Company’s properties or assets, except liens for taxes not yet due or payable;

(k) any debt, obligation, or liability incurred, assumed or guaranteed by such Group Company in excess of ten thousand U.S. dollars (US$10,000) individually or in excess of twenty-five thousand U.S. dollars (US$25,000) in the aggregate;

(l) any declaration, setting aside or payment or other distribution in respect of any of such Group Company’s share capital, or any direct or indirect redemption, purchase or other acquisition of any of such share capital by such Group Company;

 

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(m) any failure to conduct business in the ordinary course, consistent with such Group Company’s past practices;

(n) any transactions with any of its officers, directors or employees, or any members of their immediate families, or any entity controlled by any of such individuals;

(o) any other event or condition of any character which could reasonably be expected to have a Material Adverse Effect; or

(p) any agreement or commitment by such Group Company or any Seller Party to do any of the things described in this Section 3.17.

3.18. Liabilities. Except as reflected in the Financial Statements or as set forth in the Disclosure Schedule, no Group Company has any indebtedness for borrowed money that it has directly or indirectly created, incurred, assumed, or guaranteed, or with respect to which the Group Company has otherwise become directly or indirectly liable.

3.19. Tax Matters.

(a) The provisions for taxes in the respective Financial Statements are adequate for the payment of all accrued and unpaid applicable taxes of the covered Group Company, whether or not assessed or disputed as of the date of each such balance sheet. Each Group Company has filed all applicable tax returns required to be filed thereby and such returns are true and complete in all material respects, and all taxes, assessments, fees, and other governmental charges upon or payable by such Group Company, or upon any of its properties, income, or franchises, shown in its returns to be due and payable, have been paid. None of the Group Companies’ income tax returns or franchise tax or sales or use tax returns has ever been audited by Governmental Authorities. Since the Balance Sheet Date, none of the Group Companies has incurred any taxes, assessments or charges from any Governmental Authority other than in the ordinary course of business and each Group Company has made adequate provisions on its books of account for all taxes, assessments and charges from any Governmental Authority with respect to its business, properties and operations for such period.

(b) The Company and each Group Company was not a “passive foreign investment company” (“PFIC”) as defined in Section 1297 of the Internal Revenue Code of 1986, as amended (the “Code”) for the 2005 taxable year and each does not anticipate that it will be a PFIC for the current taxable year or any future taxable year. Except as set forth in Section 3.19(b) of the Disclosure Schedule, none of the direct, indirect, or deemed owners of the Ordinary Shares of the Company are “United States persons” as described in Section 7701(a)(30) of the Code.

(c) The Company and each Group Company is treated as a corporation for U.S. federal income tax purposes.

3.20. Interested Party Transactions. No Seller Party nor any officer or director of a Group Company or any “Affiliate” or “Associate” (as those terms are defined in Rule 405 promulgated under the Act) of any such person has any agreement (whether oral or written), understanding, proposed transaction with, or is indebted to, any Group Company, nor is any Group Company indebted (or committed to make loans or extend or guarantee

 

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credit) to any of such persons (other than for accrued salaries, reimbursable expenses or other standard employee benefits). To the best knowledge of each Group Company and each Seller Party, no officer or director of a Group Company has any direct or indirect ownership interest in any firm or corporation with which a Group Company is affiliated or with which a Group Company has a business relationship, or any firm or corporation that competes with a Group Company. No Seller Party nor any Affiliate or Associate of any officer or director of a Group Company is directly or indirectly interested in any material contract with a Group Company. No Seller Party nor any officer or director of a Group Company or any Affiliate or Associate of any such person has had, either directly or indirectly, a material interest in: (a) any person or entity which purchases from or sells, licenses or furnishes to a Group Company any goods, property, intellectual or other property rights or services; or (b) any contract or agreement to which a Group Company or any Seller Party is a party or by which it may be bound or affected. There is no agreement between any Seller Party and any other shareholder with respect to the ownership or control of any Group Company.

3.21. Environmental and Safety Laws. None of the Group Companies is in violation of any applicable Law relating to the environment or occupational health and safety and no material expenditures are or will be required in order to comply with any such existing Law.

3.22. Employee Matters. The Group Companies have complied in all material aspects with all applicable employment and labor Laws. The Group Companies are not aware that any officer or key employee intends to terminate their employment with any Group Company, nor does any Group Company have a present intention to terminate the employment of any officer or key employee. The Group Companies are not party to or bound by any currently effective employment contract, incentive plan, profit sharing plan, retirement agreement or other employee compensation agreement. Each current and former employee, officer, director and consultant of the Group Companies has duly executed a Probationary Contract, Job Acceptance Agreement, Non-disclosure and Non-competition Agreement, Competitive Restriction Agreement, Employment Contract with Salary Agreement and Non-disclosure and Non-competition Agreement, Temporary Labor Agreement or Training Contract as set forth in Section 3.22 of the Disclosure Schedule, the form of such agreements which have been provided to the Investor (the “Labor Agreements”), and neither the Group Companies nor the Seller Parties is aware, after reasonable investigation, that any of such current and former employees, officers, directors or consultants are in violation thereof.

3.23. Exempt Offering. Based in part on the representations and warranties of the Investors set forth in Section 4 below, the offer, sale and issuance of the Series B Preferred Shares under this Agreement are exempt from the registration requirements of the Act and from the registration or qualification requirements of any other applicable securities Laws of any Governmental Authority, and the issuance of Ordinary Shares upon conversion of the Series B Preferred Shares in accordance with the Restated Articles, will be exempt from such registration or qualification requirements.

3.24. No Other Business. The Company was formed solely to acquire and hold an equity interest in the Subsidiaries and since its formation has not engaged in any business and has not incurred any liability in the course of its business of acquiring and holding its equity interest in the Subsidiaries. The Group Companies are engaged solely in the Business and have no other activities.

 

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3.25. Other Representations and Warranties Relating to the PRC Subsidiary.

(a) The Constitutional Documents and certificates of the PRC Subsidiary are valid and have been duly approved or issued (as applicable) by competent PRC Governmental Authorities.

(b) All consents, approvals, authorizations or licenses required under PRC Law for the due and proper establishment and operation of the PRC Subsidiary have been duly obtained from the relevant PRC Governmental Authorities and are in full force and effect.

(c) All filings and registrations with the PRC Governmental Authorities required in respect of the PRC Subsidiary and its operations, including but not limited to the registrations with the Ministry of Commerce (or any of its predecessors), the State Administration of Industry and Commerce, the State Administration for Foreign Exchange, tax bureau, customs authorities, product registration authorities, and PRC health regulatory authorities have been duly completed in accordance with the relevant rules and regulations.

(d) The registered capital of the PRC Subsidiary is fully paid up. The Company legally and beneficially owns 100% of the equity interest in the PRC Subsidiary. There are no outstanding rights, or commitments made by the Company to sell any of its equity interest in the PRC Subsidiary.

(e) the PRC Subsidiary is not in receipt of any letter or notice from any relevant Governmental Authority notifying revocation of any permits or licenses issued to it for noncompliance or the need for compliance or remedial actions in respect of the activities carried out directly or indirectly by it.

(f) The PRC Subsidiary has been conducting and will conduct its business activities within the permitted scope of business as set forth on its business license and on its foreign-invested enterprise approval certificate as currently in effect, copies of which have been provided to the Investors, and is otherwise operating its business in full compliance with all relevant legal requirements and with all requisite licenses, permits and approvals granted by competent PRC Governmental Authorities.

(g) In respect of approvals, licenses or permits requisite for the conduct of any part of the business of the PRC Subsidiary which are subject to periodic renewal, neither the Group Companies nor any Seller Party has any valid reason to believe that such requisite renewals will not be timely granted by the relevant PRC Governmental Authorities.

(h) With regard to employment and staff or labor management, the PRC Subsidiary has complied with all applicable PRC Laws in all material respects, including without limitation, Laws pertaining to welfare funds, social benefits, medical benefits, insurance, retirement benefits, and pensions, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

(i) All PRC regulatory and corporate authorizations and approvals, where applicable, have been obtained in respect of the transactions contemplated herein, and such authorizations and approvals currently are, or will be as of the Closing, valid and subsisting at PRC Law and in accordance with their respective terms.

 

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3.26. Insurance. Each Group Company has in full force and effect fire and casualty insurance policies sufficient in amount (subject to reasonable deductibles) to allow it to replace any of its properties that might be damaged or destroyed.

 

4. REPRESENTATIONS AND WARRANTIES OF THE INVESTORS

Each Investor represents and warrants to the Company as follows:

4.1. Authorization. Such Investor has all requisite power, authority and capacity to enter into this Agreement and the Ancillary Documents to which such Investor is a named party, and to perform its obligations under this Agreement and the Ancillary Documents to which such Investor is a named party. This Agreement has been duly authorized, executed and delivered by such Investor. This Agreement and the Ancillary Documents, when executed and delivered by such Investor, will constitute valid and legally binding obligations of such Investor, subject, as to enforcement of remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar Laws affecting creditors’ rights generally and to general equitable principles.

4.2. Purchase for Own Account. The Series B Preferred Shares and the Conversion Shares will be acquired for such Investor’s own account, not as a nominee or agent, and not with a view to or in connection with the sale or distribution of any part thereof and that such Investor has no present intention of selling, granting any participation in, or otherwise distributing the same. Such Investor further represents that it does not have any contract, undertaking, agreement or arrangement with any person or entity to sell, transfer or grant participation to such person or entity or to any third person or entity with respect to any of the Series B Preferred Shares or Conversion Shares.

4.3. Exempt from Registration; Restricted Securities. Such Investor understands that the Series B Preferred Shares and the Conversion Shares will not be registered under the Act or registered or listed publicly pursuant to any other applicable securities Laws, on the ground that the sale provided for in this Agreement is exempt from registration under the Act or the registration or listing requirements of any other applicable securities Laws, and that the reliance of the Company on such exemption is predicated in part on such Investor’s representations set forth in this Agreement. Such Investor understands that the Series B Preferred Shares and the Conversion Shares are restricted securities within the meaning of Rule 144 under the Act; that the Series B Preferred Shares and the Conversion Shares are not registered or listed publicly and must be held indefinitely unless they are subsequently registered or listed publicly or an exemption from such registration or listing is available.

4.4. Legends. Such Investor understands and agrees that the certificates evidencing the Series B Preferred Shares or the Conversion Shares, or any other securities issued in respect of the Series B Preferred Shares or the Conversion Shares upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event, shall bear the following legend (in addition to any legend required by the Amended and Restated Shareholders Agreement or under applicable state securities Laws):

“THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER SUCH ACT AND/OR APPLICABLE STATE SECURITIES LAWS, OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL OR OTHER EVIDENCE, REASONABLY SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.”

 

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4.5. Representations by Non-U.S. Persons. If an Investor is not a United States person, such Investor’s subscription and payment for, and such Investor’s continued beneficial ownership of, the Series B Preferred Shares and the Conversion Shares will not violate any applicable securities or other Laws of such Investor’s jurisdiction.

 

5. COVENANTS OF THE GROUP COMPANIES AND THE SELLER PARTIES.

Each of the Group Companies and the Seller Parties covenants to the Investors as follows:

5.1. Use of Proceeds from the Sale of Series B Preferred Shares. The proceeds to the Company from the sale of the Series B Preferred Shares (the “Proceeds”) shall be used to repurchase Ordinary Shares from Team Dragon International Limited pursuant to that certain Letter Agreement in the form attached hereto as Exhibit E, for business expansion, capital expenditures and general working capital in connection with the Business.

5.2. Business of the Company. The business of the Company shall be restricted to the holding, management and disposition of equity interest in the Subsidiaries.

5.3. Business of the Subsidiaries. The business of the Subsidiaries shall be restricted to the Business.

5.4. Directors of the Subsidiaries. The Board of Directors of each of the Subsidiaries, other than the Japan Subsidiary, shall have the same composition as the Board of Directors of the Company.

5.5. Equity Compensation. The Company shall not directly or indirectly issue Ordinary Shares, share options or other forms of equity of the Company to employees, directors or consultants except in accordance the equity incentive plans approved by the Board of Directors of the Company and by the Investors.

5.6. Confidentiality, Non-compete and Invention Assignment Agreement. The Group Companies shall cause (i) all of their respective current and future employees and consultants to enter into Confidentiality and Invention Assignment Agreements in form and substance satisfactory to the Investors, and (ii) all of their respective employees to enter into standard Employment Agreements, including customary non-competition and non-solicitation terms, in form and substance satisfactory to the Investors.

 

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5.7. Additional Covenants. Except as required by this Agreement, no resolution of the directors, owners, members, partners or shareholders of any of the Group Companies shall be passed, nor shall any contract or commitment be entered into, in each case, prior to the Closing without the prior written consent of the Investors, except that the Group Companies may carry on the Business in the same manner as heretofore and may pass resolutions and enter into contracts for so long as they are effected in the ordinary course of business.

If at any time before the Closing, any of the Group Companies or Seller Parties comes to know of any material fact or event which:

(a) is materially inconsistent with any of the representations and warranties given by the Group Companies or the Seller Parties, and/or

(b) is reasonably likely to result in any material fact warranted to be materially misleading, and/or

(c) would be reasonably likely to negatively affect the willingness of a prudent investor to purchase the Series B Preferred Shares or the amount of consideration which the Investors would be prepared to pay for the Series B Preferred Shares,

such Group Company or Seller Party shall give immediate written notice thereof to the Investors in which event each Investor may within fourteen (14) business days of receiving such notice terminate this Agreement by written notice without any penalty whatsoever and without prejudice to any rights that such Investor may have under this Agreement or applicable Law.

5.8 Employee Stock Options. Following the Closing, the Board and/or the Compensation Committee of the Board shall approve the granting of, and the Company shall grant, options for the purchase of six hundred thousand (600,000) Ordinary Shares, as adjusted for stock splits, dividends, recapitalizations and the like. The exercise price for such options shall be the fair market value of such Ordinary Share as determined by the Board (including the affirmative vote of the Preferred Directors, as defined in the Restated Articles) and the Compensation Committee of the Board.

5.9 Series B-3 Preferred Shares. The Series B-3 Preferred Shares may only be issued in connection with the Investor Warrants, and the Company shall refrain from issuing Series B-3 Preferred Shares for any other purpose without the consent of the holders of a majority of the Series B Preferred Shares. Any attempt to issue Series B-3 Preferred Shares in contravention of this paragraph shall be null, void and without effect,

 

6. CONDITIONS TO THE INVESTORS’ OBLIGATIONS AT THE CLOSING.

The obligation of each Investor to purchase the Series B-1 Preferred Shares and Series B-2 Preferred Shares at the Closing is subject to the fulfillment, to the satisfaction of the Investor on or prior to the Closing, of the following conditions:

6.1. Representations and Warranties True and Correct. The representations and warranties made by the Group Companies and the Seller Parties in Section 3 hereof shall be true and correct and complete in all material respects when made, and as of the date of the Closing with the same force and effect as if they had been made on and as of such date.

 

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6.2. Performance of Obligations. Each of the Group Companies and the Seller Parties shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing.

6.3. Proceedings and Documents. All corporate and other proceedings in connection with the transactions contemplated hereby and all documents and instruments incident to such transactions shall be satisfactory in substance and form to the Investors, and the Investors shall have received all such counterpart originals or certified or other copies of such documents as they may reasonably request.

6.4. Approvals, Consents and Waivers. Except as set forth in Section 3.11 of the Disclosure Schedule, each Group Company shall have obtained any and all approvals, consents and waivers necessary for consummation of the transactions contemplated by this Agreement, including, but not limited to, (i) all permits, authorizations, approvals, consents or permits of any Governmental Authority, and (ii) the waiver by the existing shareholders of the Company of any anti-dilution rights, rights of first refusal, preemptive rights and all similar rights in connection with the issuance of the Series B Preferred Shares at the Closing.

6.5. No Material Adverse Effect. There shall have been no Material Adverse Effect since the date of this Agreement.

6.6. Compliance Certificate. At the Closing, the Group Companies and the Seller Parties shall deliver to the Investor certificates, dated the date of the Closing, signed by the Company’s President or director, the legal representative of each of the Group Companies and the Seller Parties certifying that the conditions specified in Sections 6.1, 6.2, 6.4 and 6.5 have been fulfilled.

6.7. Securities Laws. The offer and sale of the Series B Preferred Shares to the Investors pursuant to this Agreement shall be exempt from the registration and/or qualification requirements of all applicable Laws.

6.8. Amendment to Constitutional Documents. The Restated Articles shall have been duly adopted by the Company by all necessary corporate action of its Board and its shareholders.

6.9. Register of Members. The Investors shall have received a copy of the Company’s register of members, certified by a director of the Company as true and complete as of the date of the Closing, updated to show the Investors as the holders of their respective number of Series B Preferred Shares as of the Closing.

6.10. Appointment of Directors. As of the Closing, the Board of Directors of the Company and each of the Subsidiaries (other than the Japan Subsidiary) shall consist of Zhou Kui, Robert I. Theis, Hao Chen, Chen Shuning and Zhong Shan.

 

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6.11. Opinions of Company’s Counsel. The Investors shall have received from Cayman Islands and PRC counsel to the Group Companies opinions addressed to the Investors, dated the date of the Closing, in form and substance satisfactory to the Investors.

6.12. Execution of Amended and Restated Shareholders Agreement. The Company shall have delivered to the Investors the Amended and Restated Shareholders Agreement, duly executed by the Company and all other parties thereto (except for the Investors).

6.13. Investor Warrants. The Company shall have delivered to each Investor an Investor Warrant, duly executed by the Company, granting such Investor the right to purchase a certain number of Series B-3 Preferred Shares, par value US$0.001, of the Company for a purchase price of US$2.8996 per share (subject to any adjustment resulting from the reclassification, split, subdivision or combination of the Series B-3 Preferred Shares) in the form attached as Exhibit D hereto.

6.14. Repurchase of Shares. The Company shall have completed the repurchase of 2,990,000 Ordinary Shares from Team Dragon International Limited, a company organized under the Laws of the British Virgin Islands and shall have obtained a release of all claims against the Company from Team Dragon International Limited in connection therewith.

6.15. Labor Agreements. Each employee of the Group Companies as set out in Section 3.22 of the Disclosure Schedule shall have entered into the Labor Agreements set forth opposite his or her name on Section 3.22 of the Disclosure Schedule, the form of such Agreements which have been provided to the Investors.

6.16. Good Standing. The Investor shall have received a certificate of good standing issued by the Registrar of Companies of the Cayman Islands certifying that the Company was duly constituted, paid all required fees and is in good legal standing.

6.17. Due Diligence. The Investors shall have completed their legal, financial, technical and business due diligence investigation of the Group Companies to their satisfaction.

6.18. Amendment to Form of Option Agreement. The Company’s form of option agreement shall have been amended to include language substantially in the form attached hereto as Exhibit F, and the Company shall have adopted a form of Authorization Letter substantially in the form attached hereto as Exhibit G to be executed by optionees who are PRC residents or PRC citizens, in each case with respect to options granted by the Company after the date of Closing.

6.19. Indemnification Agreements. The Company shall have entered into Indemnification Agreement with each of the Investors and/or the Sequoia Director (as defined in the Restated Articles) substantially in the form attached hereto as Exhibit H.

 

7. CONDITIONS TO THE COMPANY’S OBLIGATIONS AT THE CLOSING

The obligations of the Company under this Agreement with respect to the Investors are subject to the fulfillment at or before the Closing of the following conditions:

7.1. Representations and Warranties. The representations and warranties of the Investors contained in Section 4 hereof shall be true and correct as of the Closing.

 

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7.2. Payment of Purchase Price. The Investors shall have delivered to the Company the Purchase Price in accordance with Section 2.

7.3. Restated Articles Effective. The Restated Articles shall have been duly adopted by the Company by all necessary corporate action by its Board of Directors and shareholders, and shall have been duly filed with and accepted by the Registrar of Companies of the Cayman Islands.

7.4. Securities Exemptions. The offer and sale of the Series B Preferred Shares to the Investors pursuant to this Agreement shall be exempt from the registration and/or qualification requirements of all applicable securities Laws.

7.5. Execution of Amended and Restated Shareholders Agreement. The Investors shall have executed and delivered to the Company the Amended and Restated Shareholders Agreement.

 

8. MISCELLANEOUS

8.1. Governing Law. This Agreement shall be governed by and construed exclusively in accordance the internal laws of the State of New York (as permitted by Section 5-1401 of the New York General Obligations Law (or any similar successor provision)) without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of New York to the rights and duties of the parties hereunder.

8.2. Survival. The representations, warranties, covenants and agreements made herein shall survive any investigation made by any party hereto and the closing of the transactions contemplated hereby.

8.3. Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto whose rights or obligations hereunder are affected by such amendments. This Agreement and the rights and obligations therein may not be assigned by the Group Companies or Seller Parties without the written consent of the Investors.

8.4. Entire Agreement. This Agreement, the Ancillary Documents, and the schedules and exhibits hereto and thereto, which are hereby expressly incorporated herein by this reference, constitute the entire understanding and agreement between the parties with regard to the subjects hereof and thereof; provided, however, that nothing in this Agreement or related agreements shall be deemed to terminate or supersede the provisions of any confidentiality and nondisclosure agreements executed by the parties hereto prior to the date hereof, which agreements shall continue in full force and effect until terminated in accordance with their respective terms.

 

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8.5. Notices. Except as may be otherwise provided herein, all notices, requests, waivers and other communications made pursuant to this Agreement shall be in writing and shall be conclusively deemed to have been duly given (a) when hand delivered to the other party, upon delivery; (b) when sent by facsimile or electronic mail at the number or address set forth in Exhibit I hereto, upon receipt of confirmation of error-free transmission; (c) seven (7) business days after deposit in the mail as air mail or certified mail, receipt requested, postage prepaid and addressed to the other party as set forth in Exhibit I; or (d) three (3) business days after deposit with an overnight delivery service, postage prepaid, addressed to the parties as set forth in Exhibit I with next business-day delivery guaranteed, provided that the sending party receives a confirmation of delivery from the delivery service provider.

Each person making a communication hereunder by facsimile or electronic mail shall promptly confirm by telephone to the person to whom such communication was addressed each communication made by it by facsimile or electronic mail pursuant hereto but the absence of such confirmation shall not affect the validity of any such communication. A party may change or supplement the addresses given above, or designate additional addresses, for purposes of this Section 8.5 by giving, the other parties written notice of the new address in the manner set forth above.

8.6. Amendments and Waivers. Any term of this Agreement may be amended only with the written consent of the Company, Seller Parties, and the Investors.

8.7. Delays or Omissions. No delay or omission to exercise any right, power or remedy accruing to any party hereto, upon any breach or default of any other party hereto under this Agreement, shall impair any such right, power or remedy of such non-breaching party, nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of any similar breach or default thereafter occurring; nor shall any waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party hereto of any breach or default under this Agreement or any waiver on the part of any party hereto of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement, or by Law or otherwise afforded to each party hereto shall be cumulative and not alternative.

8.8. Finder’s Fees. Except for the Company’s retention of The Hina Group as its financial advisor, the terms of which have been approved by the Company’s CEO and the requisite holders of Series A Preferred Shares, the Company hereby represents and warrants to the Investors that it has retained no finder or broker and agrees to indemnify and to hold harmless the Investors from and against any liability for any commission or compensation in the nature of a finder’s fee of any broker or other person or firm (and the costs and expenses of defending against such liability or asserted liability) for which the indemnifying party or any of its employees or representatives are responsible.

8.9. Interpretation; Titles and Subtitles. This Agreement shall be construed according to its fair language. The rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in interpreting this Agreement. The titles of the sections and subsections of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement. Unless otherwise expressly provided herein, all references to Sections and Exhibits herein are to Sections and Exhibits of

 

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this Agreement. As used in this Agreement, the words “include” and “including”, and variations thereof, shall not be deemed to be terms of limitation, but rather shall be deemed to be followed by the words “without limitation”.

8.10. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument.

8.11. Severability. If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits intended by the parties. In such event, the parties shall use best efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most nearly effects the parties’ intent in entering into this Agreement.

8.12. Confidentiality and Non-Disclosure. The parties hereto agree to be bound by the confidentiality and non-disclosure provisions of Section 7 of the Amended and Restated Shareholders Agreement.

8.13. Further Assurances. Each party shall from time to time and at all times hereafter make, do, execute, or cause or procure to be made, done and executed such further acts, deeds, conveyances, consents and assurances without further consideration, which may reasonably be required to effect the transactions contemplated by this Agreement.

8.14. Dispute Resolution.

(a) Any dispute, controversy or claim arising out of or in connection with or relating to this Agreement, or the interpretation, breach, termination or validity hereof, shall be resolved through consultation between any of the parties hereto. Such consultation shall begin immediately after one party has delivered to one or more other parties a written request for such consultation (the Request for Consultation). If, within thirty (30) days following the date on which the Request for Consultation is delivered, the dispute cannot be resolved, the dispute shall be submitted to arbitration upon the request of either party to the dispute with written notice to the other (the Dispute Notice).

(b) The arbitration shall be conducted in Hong Kong under the auspices of the Hong Kong International Arbitration Centre (the Centre). There shall be three (3) arbitrators. The complainant or complainants, on the one hand, and the respondent or respondents, on the other, shall each nominate one (1) arbitrator within thirty (30) days after the delivery of the Dispute Notice to the respondent(s). The appointment of party-nominated arbitrators shall be confirmed by the Centre. Both arbitrators shall agree on the third arbitrator within thirty (30) days of their confirmation by the Centre. Should either the complainant(s) or respondent(s) fail to appoint an arbitrator or should the two arbitrators fail within thirty (30) days to reach agreement on the third arbitrator, such arbitrator shall be appointed by the Secretary General of the Centre.

(c) The arbitration proceedings shall be conducted in English. The

 

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arbitration tribunal shall apply the UNCITRAL Arbitration Rules as administered by the Centre at the time of the arbitration. However, if such rules conflict with the provisions of this Section 8.14, including the provisions concerning the appointment of arbitrators, the provisions of this Section 8.14 shall prevail.

(d) The arbitrators shall decide any dispute submitted by the parties thereto strictly in accordance with the substantive law of New York and shall not apply any other substantive law.

(e) Each party hereto shall cooperate with any of the parties to the dispute in making full disclosure of and providing complete access to all information and documents requested by any of the parties to the dispute in connection with such arbitration proceedings, subject only to any confidentiality obligations binding on such party.

(f) The costs of arbitration shall be borne by the losing party or parties, unless otherwise determined by the arbitration tribunal.

(g) When any dispute occurs and when any dispute is under arbitration, except for the matters in dispute the parties shall continue to fulfill their respective obligations and shall be entitled to exercise their rights under this Agreement.

(h) The award of the arbitration tribunal shall be final and binding upon the parties to the dispute, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award.

(i) Any party to a dispute under this Section shall be entitled to seek injunctive relief from any court of competent jurisdiction pending the constitution of the arbitration tribunal.

8.15. Expenses. The Company shall bear all of the Investors’ out-of-pocket third party expenses related to this transaction, including, without limitation, the reasonable fees and disbursements of the Investors’ counsel up to a maximum of US$            . If the transaction is terminated by the Investors, each party shall bear its own expenses related to this transaction.

8.16. Termination. This Agreement may be terminated by Investors on or after May 15, 2006, by written notice to the Company, if the Closing has not occurred on or prior to such date. Such termination under this Section 8.16 shall be without prejudice to any claims for damages or other remedies that the parties may have under this Agreement or applicable law.

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IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized representatives to execute this Agreement as of the date and year first above written.

 

THE GROUP COMPANIES:
THINKPLUS INVESTMENTS LIMITED
By:  

/s/ Chen Shuning

Name:  
Title:  
WORKSOFT CREATIVE SOFTWARE TECHNOLOGY LTD.
By:  

/s/ Chen Shuning

Name:  
Title:  
LOGO
Worksoft Creative Software Technology Co., Ltd.
By:  

/s/ Chen Shuning

Name:  
Title:  
WORKSOFT CREATIVE SOFTWARE TECHNOLOGY, INC.
By:  

/s/ Chen Shuning

Name:  
Title:  

SIGNATURE PAGE TO SERIES B PREFERRED SHARE PURCHASE AGREEMENT


IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized representatives to execute this Agreement as of the date and year first above written.

 

THE SELLER PARTIES:
BUTTON SOFTWARE LTD.
By:  

/s/ Chen Shuning

Name:  
Title:  
SURES CORPORATION LIMITED
By:  

/s/ Chen Jian

Name:  
Title:  

SIGNATURE PAGE TO SERIES B PREFERRED SHARE PURCHASE AGREEMENT


IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized representatives to execute this Agreement as of the date and year first above written.

 

THE INVESTORS:
SEQUOIA CAPITAL CHINA I, L.P.
SEQUOIA CAPITAL CHINA PARTNERS FUND I, L.P.
SEQUOIA CAPITAL CHINA PRINCIPALS FUND I, L.P.
By:   Sequoia Capital China Management I, L.P.
  A Cayman Islands Exempted Limited partnership General Partner of Each
By:   SC China Holding Limited
  A Cayman Islands limited liability company
  Its General Partner
By:   Sinobond Global Limited, Director
By:  

/s/ Fan Zhang

Name:   Fan Zhang
Title:   Director
SEQUOIA CAPITAL GROWTH FUND III
SEQUOIA CAPITAL GROWTH PARTNERS III
SEQUOIA CAPITAL GROWTH III PRINCIPALS FUND
By:   SCGF III Management, LLC
  A Delaware Limited Liability Company
  General Partner of Each
By:  

/s/ Doug Leone

  Managing Member

SIGNATURE PAGE TO SERIES B PREFERRED SHARE PURCHASE AGREEMENT


IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized representatives to execute this Agreement as of the date and year first above written.

 

THE INVESTORS:
LC FUND II
By:  

/s/ Chen Hao

Name:   Chen Hao
Title:   Managing Director
DCM IV, L.P.
DCM AFFILIATES FUND IV, L.P.
By:   DCM Investment Management IV, L.P.
  its General Partner
By:   DCM International IV, Ltd.
  its General Partner
By:  

/s/ Robert I. Theis

  Robert I. Theis, an authorized signatory

SIGNATURE PAGE TO SERIES B PREFERRED SHARE PURCHASE AGREEMENT


Schedule A

Seller Parties

Button Software Ltd.

Sures Corporation Limited


Schedule B

Schedule of Investors

 

Investor

   No. of Series B-1
Preferred Shares
   Purchase Price (US$)

SEQUOIA CAPITAL CHINA I, L.P.

   845,136    1,859,299.20

SEQUOIA CAPITAL CHINA PARTNERS FUND I, L.P.

   97,111    213,644.20

SEQUOIA CAPITAL CHINA PRINCIPALS FUND I, L.P.

   130,805    287,771.00

SEQUOIA CAPITAL GROWTH FUND III

   787,358    1,732,187.60

SEQUOIA CAPITAL GROWTH PARTNERS III

   8,680    19,096.00

SEQUOIA CAPITAL GROWTH III PRINCIPALS FUND

   38,558    84,827.60

LC FUND II

   357,684    786,904.80

DCM IV, L.P.

   706,696    1,554,730.84

DCM AFFILIATES FUND IV, L.P.

   17,972    39,538.40

 

Investor

   No. of Series B-2
Preferred Shares
   Purchase Price (US$)

SEQUOIA CAPITAL CHINA I, L.P.

   1,803,387    5,229,100.87

SEQUOIA CAPITAL CHINA PARTNERS FUND I, L.P.

   207,220    600,855.29

SEQUOIA CAPITAL CHINA PRINCIPALS FUND I, L.P.

   279,117    809,328.84

SEQUOIA CAPITAL GROWTH FUND III

   1,680,097    4,871,609.26

SEQUOIA CAPITAL GROWTH PARTNERS III

   18,521    53,703.49

SEQUOIA CAPITAL GROWTH III PRINCIPALS FUND

   82,278    238,573.29

LC FUND II

   763,241    2,213,095

DCM IV, L.P.

   1,507,978    4,372,533.96

DCM AFFILIATES FUND IV, L.P.

   38,349    111,196.80

 

2


LIST OF EXHIBITS

Exhibit A

Exhibit B

Exhibit C

Exhibit D

Exhibit E

Exhibit F

Exhibit G

Exhibit H

Exhibit I

 

3


EXHIBIT A

RESTATED ARTICLES

 

4


EXHIBIT B

DISCLOSURE SCHEDULE

Section 3.1 Organization, Standing and Qualification

The Company maintains a physical office space in Shenzhen that has not been registered with applicable PRC Governmental Authorities.

Section 3.2 Capitalization

 

(b) Options, Warrants, Reserved Shares

Pursuant to that certain Employee Engagement Compensation Agreement by and among the Company, the PRC Subsidiary, Envisys, and Richard Zhu, the Company shall sell to Richard Zhu USD$200,000 worth of shares of the Company in an aggregate amount to be calculated based on 80% of the price per share as of the new round of financing.

 

(c) Outstanding Security Holders

 

Holders of Ordinary Shares

   Number of Ordinary Shares Held

Inno Global Technology Limited

   2,875,000

Button Software Limited

   5,635,000

Sures Corporation Limited

   100,000

Total

   8,610,000

Holders of Series A Preferred Shares

   Number of Series A Preferred Shares Held

LC Fund II

   3,500,000

DCM IV, L.P.

   3,413,200

DCM Affiliates Fund IV, L.P.

   86,800

Harper Capital

   175,000

Total

   7,175,000

 

5


Option Holders

   Number of Ordinary
Shares Underlying Options
   Exercise Price    Date of Grant

CHEN Shuning

   50,000    0.30    January 7, 2006

David Chen

   20,000    0.30    January 7, 2006

Zhou Ying

   20,000    0.30    January 7, 2006

Liu Zhong

   20,000    0.30    January 7, 2006

Lu Jian Xin

   30,000    0.30    January 7, 2006

Wu Jian

   35,000    0.30    January 7, 2006

Liu Junbo

   35,000    0.30    January 7, 2006

Bai Lin

   9,000    0.30    January 7, 2006

Tony Tao Zhang

   12,000    0.30    January 7, 2006

Zhang Yanpeng

   9,000    0.30    January 7, 2006

Peng Chaohui

   9,000    0.30    January 7, 2006

Cheng Xiuwen

   12,000    0.30    January 7, 2006

Fei Liangjun

   12,000    0.30    January 7, 2006

Zhang Haihong

   8,000    0.30    January 7, 2006

Zhang chaoxin

   12,000    0.30    January 7, 2006

Rob Theis

   5,000    0.30    January 7, 2006

Chen Hao

   5,000    0.30    January 7, 2006

Zhong Shan

   5,000    0.30    January 7, 2006

Qi Zhan

   5,000    0.30    January 7, 2006

Wu Min

   5,000    0.30    January 7, 2006

Liu Tao

   2,000    0.30    January 7, 2006

Jia Xiaoming

   800    0.30    January 7, 2006

Yin Jian

   800    0.30    January 7, 2006

Sui Hua Rong

   800    0.30    January 7, 2006

Zhang Xiaowei

   300    0.30    January 7, 2006

Lu Kai

   300    0.30    January 7, 2006

 

6


Option Holders

   Number of Ordinary
Shares Underlying Options
   Exercise Price    Date of Grant

Yi Wei

   300    0.30    January 7, 2006

Mo Mouxin

   500    0.30    January 7, 2006

Wu Jing Jing

   500    0.30    January 7, 2006

Rao Mingquan

   500    0.30    January 7, 2006

Darryn Macdonald

   3,000    0.30    January 7, 2006

Zhang Long

   5,000    0.30    January 7, 2006

Xu Yanan

   3,000    0.30    January 7, 2006

Jim Liu

   2,500    0.30    January 7, 2006

Ma Yifan

   800    0.30    January 7, 2006

Lu Min

   800    0.30    January 7, 2006

Zhuang Xiaoou

   800    0.30    January 7, 2006

Xie Xiaofeng

   1,000    0.30    January 7, 2006

Wu Xiaoli

   1,000    0.30    January 7, 2006

Yu Weiping

   2,000    0.30    January 7, 2006

Zhang Jingwei

   800    0.30    January 7, 2006

Su Ying

   800    0.30    January 7, 2006

Zhang Yi

   800    0.30    January 7, 2006

Shen Jing

   800    0.30    January 7, 2006

Hao Tianhai

   800    0.30    January 7, 2006

Liao Chunhong

   800    0.30    January 7, 2006

Xie Zhiguang

   800    0.30    January 7, 2006

Ma Haiqing

   800    0.30    January 7, 2006

Zhao Hailong

   800    0.30    January 7, 2006

Dai Yuanchun

   800    0.30    January 7, 2006

 

7


Option Holders

   Number of Ordinary
Shares Underlying Options
   Exercise Price    Date of Grant

Zheng Xianghui

   1,500    0.30    January 7, 2006

Liang Yong

   800    0.30    January 7, 2006

Dai Geng

   500    0.30    January 7, 2006

Zhou Rong

   500    0.30    January 7, 2006

Zhang Xuan

   500    0.30    January 7, 2006

Jia Baoxi

   500    0.30    January 7, 2006

Li Mi

   500    0.30    January 7, 2006

Zhang Ling

   500    0.30    January 7, 2006

Yu Changqing

   500    0.30    January 7, 2006

He Hui

   500    0.30    January 7, 2006

Li Ying

   500    0.30    January 7, 2006

Zhang Jinge

   1,000    0.30    January 7, 2006

Yuan Jigang

   500    0.30    January 7, 2006

Huang Kaibo

   500    0.30    January 7, 2006

Zhou Sheng Yu

   500    0.30    January 7, 2006

Tian Ruiying

   500    0.30    January 7, 2006

Wang Mingxia

   800    0.30    January 7, 2006

Liu Xiaolu

   800    0.30    January 7, 2006

Pan Chuntang

   500    0.30    January 7, 2006

Li Bin

   500    0.30    January 7, 2006

Wang Yi

   800    0.30    January 7, 2006

Chen Fei

   500    0.30    January 7, 2006

Wan Xuefan

   500    0.30    January 7, 2006

Liu Jia

   500    0.30    January 7, 2006

 

8


Option Holders

   Number of Ordinary
Shares Underlying Options
   Exercise Price    Date of Grant

Zuo Ye

   500    0.30    January 7, 2006

Wu Hao

   500    0.30    January 7, 2006

Li Yuan

   5,000    0.30    January 7, 2006

Wang Haiyan

   3,000    0.30    January 7, 2006

Shi Jiansheng

   3,000    0.30    January 7, 2006

Shen Xueyin

   1,500    0.30    January 7, 2006

Yang Changyu

   1,200    0.30    January 7, 2006

Chen Shengneng

   1,200    0.30    January 7, 2006

Shi Hongmei

   500    0.30    January 7, 2006

Xi Qigeng

   1,000    0.30    January 7, 2006

Ruan Yi

   1,000    0.30    January 7, 2006

Li Ying

   1,000    0.30    January 7, 2006

Ke Rui

   1,500    0.30    January 7, 2006

Wang Junpeng

   8,000    0.30    January 7, 2006

Jin Yuhong

   1,000    0.30    January 7, 2006

Tao Ye

   800    0.30    January 7, 2006

Ren Yan

   800    0.30    January 7, 2006

Qiao Yu

   800    0.30    January 7, 2006

Zhang Zhenggang

   800    0.30    January 7, 2006

Wang Guoqiang

   800    0.30    January 7, 2006

Han Yu

   500    0.30    January 7, 2006

Zhao Juan

   4,000    0.30    January 7, 2006

Liu Ye

   4,000    0.30    January 7, 2006

Chu, Dyamond

   1,200    0.30    January 7, 2006

 

9


Option Holders

   Number of Ordinary
Shares Underlying Options
   Exercise Price    Date of Grant

Deng Jingjie

   1,400    0.30    January 7, 2006

Tian Yuqi

   1,000    0.30    January 7, 2006

Huangdong

   700    0.30    January 7, 2006

Wang Yuxi

   600    0.30    January 7, 2006

Li Jiangong

   700    0.30    January 7, 2006

Xiao HongBin

   600    0.30    January 7, 2006

Li Fengjing

   600    0.30    January 7, 2006

Jiang, Bole

   600    0.30    January 7, 2006

Dai Juntang

   700    0.30    January 7, 2006

Xiao Peng

   500    0.30    January 7, 2006

Pan Naiqiang

   500    0.30    January 7, 2006

Wang Xiumei

   500    0.30    January 7, 2006

Han Zongwei

   750    0.30    January 7, 2006

Chen, Hao

   850    0.30    January 7, 2006

Wang Juan

   500    0.30    January 7, 2006

Zhang LiQuan

   700    0.30    January 7, 2006

Su Jing

   4,500    0.30    January 7, 2006

Wang Xia

   3,000    0.30    January 7, 2006

Lu Li

   1,000    0.30    January 7, 2006

Fu Shan

   5,000    0.30    January 7, 2006

Gao Yi

   2,000    0.30    January 7, 2006

Wu Ge

   600    0.30    January 7, 2006

Yu Qian

   1,000    0.30    January 7, 2006

Zhou Hongcheng

   4,000    0.30    January 7, 2006

 

10


Option Holders

   Number of Ordinary
Shares Underlying Options
   Exercise Price    Date of Grant

Wang Dongyuan

   1,200    0.30    January 7, 2006

Liu Xiao

   600    0.30    January 7, 2006

Bi Jiajia

   300    0.30    January 7, 2006

Wang Qifeng

   3,000    0.30    January 7, 2006

Wang Senlin

   3,000    0.30    January 7, 2006

Wu Wenxue

   200    0.30    January 7, 2006

Liu Fang

   8,000    0.30    January 7, 2006

Xin Fang

   5,000    0.30    January 7, 2006

Zhu Liying

   5,000    0.30    January 7, 2006

Wang Wenting

   1,500    0.30    January 7, 2006

Liu Yuanyuan

   3,000    0.30    January 7, 2006

Lou Lijia

   1,500    0.30    January 7, 2006

Lu Ying

   5,000    0.30    January 7, 2006

Gao Wei

   2,000    0.30    January 7, 2006

Lu Xianying

   2,000    0.30    January 7, 2006

Gu Yan

   2,000    0.30    January 7, 2006

Gao Jianmin

   2,000    0.30    January 7, 2006

Mao Yanqing

   2,000    0.30    January 7, 2006

Ye Lin

   2,000    0.30    January 7, 2006

Yu Dong

   1,500    0.30    January 7, 2006

AKINBIYI

ADESINA

LALUDE

   3,000    0.30    January 7, 2006

Duan Yuanfeng

   1,000    0.30    January 7, 2006

He Jun

   1,000    0.30    January 7, 2006

Liang Beibei

   4,000    0.30    January 7, 2006

 

11


Option Holders

   Number of Ordinary
Shares Underlying Options
   Exercise Price    Date of Grant

Li Jie

   2,500    0.30    January 7, 2006

Chen Lin

   1,500    0.30    January 7, 2006

Wu Jian

   1,500    0.30    January 7, 2006

Sun Wenzhen

   3,000    0.30    January 7, 2006

Yu Liang

   1000    0.30    January 7, 2006

Total

   512,000      

 

(f) Employee Securities

The list of Options Holders in Section 3.2(c) of the Disclosure Schedule is incorporated by reference to this Section 3.2(f).

The vesting schedule of the stock options listed in Section 3.2(c) of the Disclosure Schedule is as follows: Twenty-five percent of the options granted shall vest on September 1, 2006. Thereafter, the remaining options shall vest pro-rata on a monthly basis over a period of three years.

The Thinkplus Investments Limited 2005 Stock Option Plan provides that the Board of Directors of the Company may provide in any award agreement, or in the event of a change of control, take such actions as it deems appropriate to provide for the acceleration of the exercisability and vesting in connection with such change of control of any outstanding options and shares acquired upon the exercise of such options subject to compliance with Section 409A of the Internal Revenue Code.

Section 3.3 Subsidiaries; Group Structure

(a) The PRC Subsidiary maintains branch offices in Shanghai, Wuhan, Dalian and Changsha and a physical office space in Shenzhen that has not been registered with applicable PRC Government Authorities.

(b) The Tax Registrations for Branches of Enterprises with Foreign Investment with respect to both national taxes and local taxes of the Dalian branch office of the PRC Subsidiary have expired and are currently in the process of being renewed.

The Business License of the PRC Subsidiary is currently being updated to included reference to its Changsha Branch Office.

Section 3.1 of this Disclosure Schedule is incorporated by reference to this Section 3.3(b).

 

12


Section 3.8 Status of Proprietary Assets

Registered Intellectual Property of the Group Companies

 

1. Software Products Registration Certificate for LOGO LOAD LOGO V1.0, certificate number: LOGO DGY—2004—0372, issuance date: June 23, 2004

 

2. Computer Software Copyright Registration Certificate for LOGO Load LOGO V1.0 ( LOGO:LMS), certificate number: LOGO BJ1801 LOGO, issuance date: February 23, 2005

 

3. Computer Software Copyright Registration Certificate for LOGO V1.0 ( LOGO), certificate number: LOGO 032335 LOGO, issuance date: January 20, 2005

 

4. Domain Name Certificate for www.worksoft.com.cn

Agreements Relating to Proprietary Assets

Section 3.9 of the Disclosure Schedule is incorporated by reference to this Section 3.8.

Section 3.9 Material Contracts and Obligations

 

1. Technical Service Agreement, dated March 19, 2004, by and between IBM China Company Limited and the PRC Subsidiary (No. 4903C20246).

 

2. Statement of Work to Technical Service Agreement, dated September 1, 2005, by and between IBM China Company Limited and Worksoft Creative Software Technology Limited (No. 4905C21421).

 

3. Equipment and Program Loan Agreement, dated September 1, 2005, by and between IBM China Company Limited and Worksoft Creative Software Technology Limited (No. 4905C21322).

 

4. Solutions Engagement Agreement, dated August 1, 2005, by and between IBM Global Services (China) Company Limited and Worksoft Creative Software Technology Ltd. (No. 4905C21163).

 

5. Third Party Assignment and Assumption Agreement, dated November 10, 2004, by and among Shanghai Wensi Creative Software and Technology Ltd., Worksoft Creative Software Tech., Ltd. and IBM China Company Limited (No. 4904C20925).

 

6. Statement of Work of Technical Service Agreement, dated April 1, 2005, by and between IBM China Company Ltd. and Worksoft Creative Software Technology Co., Ltd. (No. 4905C20387).

 

7. Statement of Work, dated November 17, 2003, by and between IBM China Company Limited and Shanghai Wensi Creative Software and Technology Ltd. (No. 4903C20833).

 

8. Statement of Work, dated February 1, 2005, by and between IBM China Company Limited and Shanghai Worksoft Creative Software Tech., Ltd. (No. 4905C20103).

 

13


9. Statement of Work, dated August 1, 2005, by and between IBM Global Services (China) Company Limited and Worksoft Creative Software Technology Ltd. (No. 4905C21164).

 

10. Technical Service Agreement, dated December 7, 2002, by and between IBM China Company Limited and Shanghai Wensi Creative Software and Technology Ltd (No. 4902C20773).

 

11. Master Services Agreement and Intellectual Property Assignment, dated November 1, 2005 by and between Worksoft Creative Software Technology Ltd. and Microsoft (China) Co. Ltd. (No. MSA – (Worksoft ) –FY06-051109A).

 

12. Master Services Agreement and Intellectual Property Assignment, dated July 14, 2005, by and between Worksoft Creative Software Technology Ltd. and Microsoft Corporation.

 

13. Contract Agreement, dated August 6, 2004, by and between PeopleSoft (Beijing) Software Co., Ltd. and Worksoft Creative Software Technology Ltd.

 

14. Purchase of IT Related Products and Services ( Including Software Development) Agreement, dated August 16, 2005, by and between Worksoft Creative Software Technology Limited and CITI Corp Software and Technology Services (Shanghai) Limited.

 

15. Outsourcing Services Agreement, dated October 28, 2005, by and between Tibco Software Inc and Worksoft Creative Software Technology Limited.

 

16. Outsourcing Services Agreement, dated February 10, 2006, by and between Fastmobile Inc. and Worksoft Creative Software Technology Limited.

 

17. Lease Contract, dated November 1, 2005, by and between Beijing Zhongguancun Huaxia Science and Technology Company Limited and the PRC Subsidiary.

 

18. Lease Contract, dated January 27, 2006, by and between Shanghai Lingang Group Development Company Limited and the Shanghai Branch Office of the PRC Subsidiary.

 

19. Lease, dated February 2, 2006, by and between the U.S. Subsidiary and Don Pearlman Joint Venture Eleven.

 

20. Consent and Waiver Agreement, dated April 20, 2006 by and among the Company, the PRC Subsidiary, the BVI Subsidiary, Inno Global Technology Limited, Button Software Limited, Team Dragon International Limited, CHEN Shuning, David Lifeng CHEN, XU Jinzhou, LC Fund II, DCM IV, L.P., DCM Affiliates Fund IV, L.P. and Harper Capital.

 

21. Founder Loan Agreement, dated March 10, 2005, as amended by that certain Amendment No. 1 to the Founder Loan Agreement, dated April 20, 2006 by and among Button Software Limited, Team Dragon International Limited, Chen Shuning, Xu Jinzhou and the Company.

 

14


22. Share Pledge Agreement, dated March 10, 2005, as amended by that certain Amendment No. 1 to the Share Pledge Agreement, dated April 20, 2006 by and among the Company, Button Software Limited and Team Dragon International Limited.

 

23. Promissory Note, dated March 10, 2005, by Button Software Limited in favor of the Company.

 

24. Indemnification Agreement, dated March 10, 2005, by and between Robert I. Theis and the Company.

 

25. Indemnification Agreement, dated March 10, 2005, by and between Chen Hao and the Company.

 

26. Agreement with The Hina Group regarding financial advisory services.

 

27. Asset Transfer Agreement, dated September 6, 2005 by and between the PRC Subsidiary and LOGO.

 

28. Employee Engagement Compensation Agreement , undated, by and among the Company, the PRC Subsidiary, Envisys, and Richard Zhu.

The PRC Subsidiary and its employees have entered into the various contracts and agreements referred to in Section 3.22 of this Disclosure Schedule.

Section 3.17(l) of the Disclosure Schedule is incorporated by reference in this Section 3.9.

Section 3.10 Litigation

A Microsoft representative requested that the Company remove from visibility a Microsoft logo that the Company had placed on its premises pending the outcome of a potential agreement that the two parties may enter into regarding Microsoft’s use of the Company as an outsourced facility. The Company is cooperating fully with Microsoft’s request.

Section 3.11 Compliance with Laws; Consents and Permits

The PRC Subsidiary has not obtained the consent to assignment of Microsoft (China) Co., Ltd. pursuant to Section 11.3 of that certain Master Services Agreement and Intellectual Property Assignment, dated November 1, 2005, by and between Worksoft Creative Software Technology Ltd. and Microsoft (China) Co. Ltd. (No. MSA – (Worksoft ) –FY06-051109A).

The PRC Subsidiary has not obtained the consent to assignment of Microsoft Corporation pursuant to Section 11.3 of that certain Master Services Agreement and Intellectual Property Assignment, dated July 14, 2005, by and between Worksoft Creative Software Technology Ltd. and Microsoft Corporation.

The beneficial owners of Team Dragon International Limited (“Dragon”), a former holder of Ordinary Shares of the Company, have not registered with the State Administration of Foreign Exchange pursuant to Circular 75.

 

15


Section 3.17 Activities Since Balance Sheet Date

(b) Section 3.17(l) of the Disclosure Schedule is incorporated by reference in this Section 3.17(b).

(k) Section 3.17(l) of the Disclosure Schedule is incorporated by reference in this Section 3.17(k).

(l) The Company has repurchased the Ordinary Shares of Dragon for an aggregate purchase price of US$6,578,000 pursuant to that certain Letter Agreement, dated April 19, 2006. Pursuant to the terms of the Letter Agreement, the Company has (1) cancelled all outstanding principal and interest of that certain Promissory Note made by Dragon to the Company (“Loan Agreement Note”) pursuant to that certain Loan Agreement dated March 10, 2005 by and among the Company, Button Software Limited and Dragon; (3) paid the amount of US$657,800 to Dragon in cash; and (3) issued a Non-Recourse Promissory Note by the Company to Dragon representing the remaining amount of the aggregate purchase price.

Section 3.19 Tax Matters

(b) Chen Lifeng, solely in his capacity as a shareholder of Button Software Ltd., may be deemed a “United States Person” as described in Section 7701(a)(30) of the Code.

Section 3.22 Employee Matters

The Company is bound by the Thinkplus Investments Limited 2005 Stock Plan and has entered into Stock Option Agreements with the individuals listed under Option Holders in Section 3.2(c) of this Disclosure Schedule. The Company has entered into a Competition Restriction Agreement with former employee, Deverick McIntyre. The Company has entered into the various contracts and agreements with its employees as listed below:

 

     Beijing     Wuhan     Dalian     Shanghai     Changsha     Total  
Number of Employees    738     19     106     330     22     1215  
Number of Employees with Social Insurance    367     13     72     210     14     676  
Number of Employees without social insurance    371     6     34     120     8     539  
Number of Employees in probation among the number of Employees without social Insurance    91     2     3     31     6     133  
Actual Proportion of the Employees that should have participated in Social Insurance but do not have any    37.94 %   21.05 %   29.25 %   26.96 %   9.09 %   33.41 %

 

16


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Chen Hao

   8/8/2005    8/7/2007       Y         

CSDL_

Parttime

   9/28/2004    9/27/2006          Y      

Darryn Macdonald

   7/15/2004    7/14/2006       Y         

David Chen

   7/30/2004    7/29/2006       Y         

HENRY YU

   1/1/2006    1/1/2007          Y      

Jeff Wu

   10/18/2004    10/17/2006       Y         

Jiang Bole

   8/1/2005    3/1/2006    Y            

Jim Liu

   5/11/2005    5/10/2007       Y         

Junbo Liu

   8/1/2005    3/31/2006       Y         

Tony Zhang

   7/22/2005    7/21/2007       Y         

TYLER

   8/1/2005    3/31/2006       Y         

Sufen Ai

   11/24/2004    11/23/2005          Y      

Jingjiao Bai

   2/8/2003    2/9/2007       Y         

Bai Lin

   6/15/2005    6/14/2007       Y         

Song Bai

   7/19/2004    7/18/2006       Y         

Yuyan Bao

   12/26/2005    12/25/2007    Y            

Chenli Bao

   6/13/2005    6/12/2007       Y         

Fei Bao

   3/30/2004    3/29/2006       Y         

Jiajia Bi

   3/29/2004    3/28/2006       Y         

Kai Bi

   8/16/2004    8/15/2006       Y         

Jun Bo

   12/13/2005    12/12/2007    Y            

Chao Cai

   8/2/2004    8/1/2006       Y         

Fang Cai

   5/30/2005    5/29/2007       Y         

Lei Cai

   2/5/2006    2/4/2008    Y            

Xiang Cai

   7/14/2004    7/13/2006       Y         

Zhuhong Cai

   2/17/2004    2/16/2006       Y         

Huiru Cao

Parttime

   2/5/2006    6/30/2006          Y      

Lan Cao

   11/16/2005    11/15/2007       Y         

Linlin Cao

   8/1/2005    3/31/2006       Y         

Xiaorong Cao

   12/1/2005    12/1/2007       Y         

Yuan Cao

   12/7/2004    12/6/2006       Y         

Yue Cao

   8/29/2005    8/28/2007       Y         

Yunfang Cao

   7/11/2005    7/10/2007    Y            

Fangyong Zha

   1/24/2005    1/23/2007       Y         

 

17


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Chunhua Chang

   2/6/2006    2/5/2008    Y            

Xin Che

   7/13/2005    7/12/2007       Y         

Yanjun Che

   12/28/2005    12/27/2007       Y       Y   

Fei Chen

   4/12/2004    4/11/2006       Y         

Jing Chen

   10/29/2004    10/28/2006       Y         

Jun Chen

   8/1/2001    8/1/2005       Y         

Jun Chen

   4/21/2005    4/20/2007       Y         

Lei Chen

   2/20/2006    2/19/2008    Y            

Quan Chen

   5/16/2005    5/15/2007       Y         

Shengneng Chen

   10/29/2001    10/27/2007       Y         

Shuning Chen

   7/15/2004    3/31/2006       Y         

Wei Chen

   12/12/2005    12/11/2007    Y            

Xiaotian Chen

Parttime

   11/1/2005    12/31/2006          Y      

Yan Chen

   12/28/2005    12/28/2007    Y            

Yan Chen

   8/15/2005    8/14/2007    Y            

Yu Chen

   10/8/2001    10/7/2005       Y         

Zhihong Chen

   3/14/2005    3/13/2007       Y         

Zhiyu Chen

   8/15/2005    8/14/2007       Y         

Bin Cheng

   1/1/2006    4/30/2007       Y         

Lei Cheng

   3/28/2005    3/27/2007       Y         

Fuqiang Cheng

   12/8/2005    12/7/2007    Y            

Junqiang Cheng

   11/3/2003    11/2/2007       Y         

Tao Cheng

   7/11/2005    7/10/2007       Y         

Xiangying Cheng

   11/19/2003    11/18/2007       Y         

Xiuwen Cheng

   4/15/1998    4/14/2005       Y         

Zhenwen Cheng

   2/22/2006    2/21/2008    Y            

Zhenzhen Chu

   9/10/2003    9/9/2007       Y         

Ying Chu

   9/2/2005    9/1/2007       Y         

Cheng Chu

   12/12/2005    12/11/2007          Y      

Bo Cui

   12/27/2004    12/26/2006       Y         

Jia Cui

Parttime

   2/5/2006    2/5/2008          Y       Y

Kefei Cui

   8/22/2005    8/21/2007       Y         

Liang Cui

   7/11/2005    7/10/2007       Y         

 

18


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Pengcheng Cui

   2/18/2005    2/17/2007       Y         

Ying Cui

   7/25/2005    7/24/2007       Y         

Juntang Cui

   8/1/2005    3/31/2006       Y         

Geng Dai

   1/14/2005    1/13/2007       Y         

Hongbo Dai

   8/12/2005    8/11/2007          Y      

Yuanchun Dai

   8/7/2003    8/7/2007       Y         

Cuoji De

   2/28/2005    2/27/2008    Y            

Fengting Deng

   12/3/2001    4/9/2007       Y         

Hui Deng

   7/18/2005    7/17/2007       Y         

Jingjie Deng

   6/6/2002    6/2/2007       Y         

Suifen Deng

   4/28/2005    7/27/2007       Y         

Yingqiu Deng

Parttime

   12/21/2005    12/21/2007          Y      

Hao Di

   7/7/2003    7/6/2007       Y         

Changwei Ding

   8/12/1999    8/12/2005          Y      

Hao Ding

   12/9/2005    12/8/2007    Y            

Qian Ding

   4/20/2004    4/19/2006       Y         

Chengcheng Dong

   8/22/2005    8/21/2007       Y         

Jing Dong

   8/1/2005    8/1/2007       Y         

Le Dong

   8/15/2005    8/14/2007    Y            

Li Dong

   1/31/2005    1/30/2008       Y         

Xumei Dong

   2/20/2006    2/19/2008    Y            

Chunling Du

   11/1/2004    11/1/2005          Y      

Wa Du

   8/23/2004    8/22/2006       Y       Y   

Wentao Du

   11/21/2005    11/20/2007       Y         

Yang Du

   2/16/2005    2/15/2007       Y         

Yuanyuan Du

   3/21/2005    3/20/2008    Y            

Muchun Duan

   4/7/2004    4/6/2006       Y         

Jianwei Duan

   7/25/2005    7/24/2007       Y         

Xiangsu Duan

   1/1/2006    4/30/2007       Y         

Changxue Fan

   11/29/2005    11/28/2007    Y            

Benyin Fan

   12/8/2004    12/7/2006          Y      

Lu Fan

   9/1/2005    9/1/2007       Y         

Fang Fang

   5/16/2005    5/15/2007          Y      

 

19


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Fang Fang

   2/5/2006    6/30/2006          Y       Y

Chen Feng

   11/3/2003    11/2/2007       Y         

Guang Feng

Parttime

   2/8/2006    7/1/2006          Y      

Fan Feng

   4/16/2005    4/15/2007          Y      

Linrui Feng

   5/16/2005    5/15/2007       Y         

Miaotao Feng

   3/17/2004    3/16/2006       Y         

Peishan Feng

   11/7/2005    11/6/2007       Y         

Tieling Feng

   7/5/2004    7/4/2006       Y       Y   

Wei Feng

   3/20/2004    3/19/2008       Y         

Jiexiang Fu

   8/1/2005    3/31/2006       Y         

Shan Fu

   11/18/2003    11/17/2007       Y         

Xiaoyang Fu

   1/1/2006    1/1/2008    Y            

Fengli Fu

   2/28/2005    2/27/2007       Y         

Quan Gan

   12/14/2005    12/13/2007    Y            

Bing Gao

   3/21/2005    3/20/2007       Y         

Jiasheng Gao

   7/25/2005    7/24/2007       Y         

Jun Gao

   3/7/2005    3/6/2007       Y         

Liqi Gao

   1/12/2006    1/11/2008    Y            

Ming Gao

   3/22/2004    3/21/2007       Y         

Shiying Gao

   12/22/2003    12/21/2007       Y         

Sipeng Gao

   12/19/2005    12/18/2007       Y         

Xing Gao

   9/10/2003    9/9/2005       Y         

Yan Gao

   12/29/2005    12/28/2007       Y         

Yangao (2)

   2/13/2006    2/12/2008    Y            

Zheng Gao

   12/1/2005    12/1/2007          Y      

Yan Gao

   4/18/2005    4/17/2007       Y         

Zhenwen Ge

   3/21/2005    3/20/2007       Y         

Jie Gong

   6/14/2004    6/13/2006       Y         

Xiaofan Gong

   1/6/2005    1/5/2007       Y         

Ji Gu

   7/13/2005    7/12/2007       Y         

Chengen Guan

   9/15/2005    9/14/2007       Y         

Hongtao Guo

   6/13/2005    6/12/2007       Y         

Lina Guo

   3/22/2004    3/21/2007       Y         

 

20


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Peng Guo

   9/26/2003    9/25/2007       Y         

Guo Peng

Parttime

   8/11/2005    7/10/2006          Y      

Yu Guo

   7/25/2005    7/24/2006       Y         

Yun Guo

   2/2/2004    2/1/2006       Y         

Yunfeng Guo

   3/25/2005    3/24/2007       Y         

Guang Han

   11/3/2005    11/2/2007       Y         

Song Han

   1/23/2006    1/22/2009    Y             Y

Yu Han

   10/11/2004    10/10/2006       Y       Y   

Yufeng Han

   12/8/2005    12/7/2007    Y            

Zongwei Han

   8/1/2005    3/31/2006       Y         

Tianhai Hao

   2/12/2004    2/11/2008       Y         

Changqin He

   10/10/2004    10/9/2006       Y       Y   

Fei He

   2/16/2004    2/15/2006       Y         

Hui He

   10/8/2003    10/7/2007       Y         

Jun He

   8/1/2005    8/1/2007          Y      

Lei He

   9/12/2005    9/11/2007       Y         

Mian He

   8/25/2005    8/24/2007       Y         

Miao He

   12/3/2004    12/2/2006       Y         

Shuhua He

   7/12/1999    7/11/2005       Y         

Wei He

Parttime

   12/20/2005    5/1/2007          Y      

Zhangyi He

Parttime

   12/9/2005    1/31/2006          Y      

Dan He

Parttime

   11/1/2005    12/31/2006          Y      

Baojing Hou

   7/18/2005    7/17/2007       Y         

Chaosong Hou

   12/12/2005    12/11/2007       Y         

Tiejun Hou

Parttime

   1/22/2006    6/5/2007          Y       Y

Zhanyou Hou

   11/1/2004    11/1/2006       Y         

Qiaoyan Hou

   11/8/2004    11/7/2006       Y         

Binhui Hu

   12/27/2005    12/26/2007    Y            

Guangliang Hu

   8/22/2005    8/21/2007          Y      

Hao Hu

   6/3/2002    6/2/2006       Y         

Jian Hu

   3/17/2004    3/16/2006       Y         

Jianwei Hu

   3/21/2005    3/20/2007       Y         

 

21


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Lili Hu

Parttime

   11/1/2005    12/31/2006          Y      

Yanxin Hu

   1/18/2006    1/17/2008    Y            

Yong Hu

   4/16/2005    4/15/2007          Y      

Yu Hu

   11/5/2003    11/5/2005       Y         

Yuangang Hu

   6/13/2002    6/12/2006       Y         

Wei Hua

   12/20/2005    12/19/2007    Y            

Jun Huang

   9/26/2005    9/25/2007       Y         

Ai Huang

   8/22/2005    8/21/2007       Y         

Di Huang

   1/11/2005    1/10/2007       Y         

Dong Huang

   9/15/2003    9/14/2005       Y         

He Huang

   11/21/2005    11/20/2007    Y            

Jiang Huang

   11/2/2004    11/1/2006       Y         

Ju Huang

   6/7/2004    6/6/2006       Y         

Kaibo Huang

   11/4/2004    11/3/2006       Y         

Mengwei Huang

   12/9/2005    12/8/2007    Y            

Ning Huang

   10/8/2005    10/7/2007       Y         

Wei Huang

   12/7/2005    12/6/2007       Y         

Yan Huang

   3/11/2005    3/1/2007       Y         

Zhe Huang

   1/23/2006    1/22/2008    Y            

Chunpeng Huo

   7/22/2002    7/21/2006       Y         

Yuming Huo

   1/4/2006    1/3/2008    Y            

Baoxi Jia

   2/10/2004    2/9/2007       Y         

Minghui Jia

   5/19/2005    5/18/2007       Y         

Xingwei Jia

   2/6/2006    2/5/2008    Y            

Yuanyuan Jiang

   3/15/2005    3/14/2007       Y         

Chunhua Jiang

   2/8/2006    2/7/2008    Y          Y   

Kaiheng Jiang

   4/19/2005    4/18/2007       Y         

Li Jiang

Parttime

   9/1/2005    12/31/2006          Y      

Min Jiang

   10/10/2005    10/9/2007       Y         

Yi Jiang

   5/27/2005    5/26/2007       Y         

Yang Jiao

   2/9/2006    2/8/2007          Y      

Fahua Jin

   1/6/2005    1/5/2007       Y         

Fucheng Jin

   12/5/2005    12/4/2006          Y      

 

22


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Meng Jin

   8/2/2004    8/1/2006       Y         

Yuhong Jin

   10/8/2004    10/7/2006       Y       Y   

Zhengjun Jin

   6/9/2004    6/8/2006       Y         

Man Qu

   11/11/2005    11/10/2007       Y         

Rui Ke

   11/5/2001    11/3/2007       Y         

Fanchun Kong

   1/4/2006    1/3/2008    Y            

Lingjie Kong

   12/15/2005    2/14/2006          Y      

Lingjun Kong

   4/11/2005    4/10/2007       Y         

Song Lai

   8/1/2005    8/1/2007    Y            

Guangming Lan

   2/5/2006    2/4/2008    Y            

Xinlin Lang

   5/30/2005    5/29/2007       Y         

Bin Li

   2/22/2005    2/21/2007       Y         

Bingxin Li

   7/13/2005    7/12/2006          Y      

Bofeng Li

   7/18/2002    7/17/2006       Y         

Caixia Li

   7/26/2004    7/25/2006       Y         

Di Li

   7/21/2004    7/20/2006       Y         

Fangming Li

   10/28/2004    10/27/2006       Y         

Fengjing Li

   2/16/2004    2/15/2006       Y         

Guangxue Li

   8/25/2005    8/24/2007       Y         

Haibo Li

   1/10/2005    6/20/2008       Y         

Haili Li

   2/23/2006    2/22/2008    Y            

Haizheng Li

   2/20/2006    2/19/2008    Y            

Huan Li

   2/17/2006    2/16/2008    Y            

Hui Li

   11/9/2005    11/8/2007       Y         

Hui Li

   4/5/2004    4/4/2006       Y         

Jiangong Li

   6/11/2004    6/10/2006       Y         

Lihong Li

   9/28/2003    9/27/2007       Y         

Lin Li

   10/28/2005    10/27/2007          Y      

Lu Li

   7/5/2004    7/4/2006       Y         

Maochuan Li

   2/1/2004    1/31/2006       Y         

Meng Li

   7/21/2005    7/20/2007       Y         

Mi Li

   3/11/2004    3/10/2006       Y         

Miao Li

   7/25/2005    7/24/2007       Y         

Min Li

   11/23/2005    1/22/2006          Y      

 

23


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Ming Li

   4/26/2004    4/25/2006       Y         

Ming Li

   12/7/2005    12/6/2007       Y         

Mingjie Li

   8/26/2002    8/25/2006       Y         

Na Li

   10/31/2005    10/30/2007       Y         

Ning Li

   6/20/2005    6/19/2007       Y         

Peiyu Li

   12/30/2005    12/29/2007       Y         

Peiyuan Li

   11/14/2005    11/13/2007    Y            

Peng Li (2)

   10/24/2005    10/23/2007       Y         

Qiang Li

   12/1/2004    12/1/2006       Y         

Songyun Li

   2/6/2006    2/5/2008    Y            

Wei Li

   2/10/2004    2/9/2007       Y         

Wei Li

   12/13/2005    12/12/2007    Y            

Xi Li

   8/17/2005    8/16/2007       Y         

Xiangkun Li

   7/7/2005    7/6/2008       Y         

Xiangrong Li

   9/1/2005    9/1/2007       Y         

Xiaochao Li

   9/13/2004    9/12/2006       Y         

Yan Li

   4/15/2003    4/14/2007       Y         

Yang Li

   2/17/2004    2/16/2006       Y         

Ying Li

   5/13/2004    5/12/2006       Y         

Ying Li

   5/20/2003    5/19/2007       Y         

Yongchao Li

   4/7/2005    4/6/2007       Y         

Yonggang Li

   8/8/2005    8/17/2007       Y         

Yuming Li

   7/13/2005    7/12/2006          Y      

Yuan Li

   3/12/2000    3/10/2006       Y         

Yuan Li

   2/5/2005    2/4/2007       Y         

Yuexi Li

   5/16/2005    5/15/2007       Y         

Yue Li

   6/9/2004    6/8/2006       Y         

Zhaolin Li

   2/20/2006    2/19/2008    Y            

Zhonghua Li

   11/10/2003    11/9/2007       Y         

Zhu Li

   10/25/2004    10/24/2006       Y         

Yanci Li

   1/5/2006    1/4/2008    Y            

Erhu Li

   6/5/2003    6/5/2007       Y         

Peipei Liang

   9/29/2005    9/28/2007       Y         

Shuangsheng Liang

   5/8/2000    5/6/2006       Y         

 

24


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Yong Liang

   6/22/2004    6/21/2006       Y         

Yu Liang

   10/20/2004    10/19/2006       Y         

Yue Liang

   11/21/2005    11/20/2007    Y            

Chunhong Liao

   9/30/2003    9/29/2007       Y         

Li Liao

   7/8/2005    7/7/2008       Y         

Shaoyong Lin

   1/24/2005    1/23/2007       Y         

Chang Liu

   10/21/2004    10/20/2005          Y      

Chen Liu

   1/23/2006    1/22/2008          Y      

Dianping Liu

   3/7/2005    3/6/2007       Y         

Fang Liu

   6/11/2001    6/14/2007       Y         

Gang Liu

   12/27/2004    12/26/2006       Y         

Guiwang Liu

   11/6/2000    11/4/2006       Y         

Huiguang Liu

   8/8/2005    8/7/2007       Y         

Jia Liu

   3/3/2005    3/2/2007       Y         

Jian Liu

   1/19/2005    1/18/2007       Y         

Jingyu Liu

   3/1/2005    3/1/2007       Y         

Jing Liu

   12/22/2005    12/21/2007    Y            

Jing Liu

   11/16/2005    11/15/2007    Y            

Juan Liu

   6/18/2004    6/17/2006       Y         

Liming Liu

   11/18/2004    11/17/2006       Y         

Lisheng Liu

   1/10/2005    1/9/2007       Y         

Lian Liu

Parttime

   11/1/2005    12/31/2006          Y      

Min Lui

   12/15/2005    12/14/2007       Y         

Peichen Liu

   8/2/2004    8/1/2006       Y         

Pingting Liu

Parttime

   11/1/2005    12/31/2006          Y      

Qifan Liu

   1/10/2005    1/9/2007       Y         

Qian Liu

   1/19/2006    1/18/2008    Y            

Qin Liu

   4/4/2005    4/3/2007       Y         

Qun Liu

   1/1/2006    4/30/2007       Y         

Rui Liu

   4/28/2005    4/27/2007       Y         

Tao Liu

   8/22/2005    8/21/2007       Y         

Xianyong Liu

Parttime

   12/2/2005    1/31/2006          Y      

Xiao Liu

   8/27/2005    7/12/2007       Y         

 

25


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Xiaolu Liu

   3/30/2005    3/29/2007       Y         

Xiaorui Liu

   3/15/2005    3/14/2007       Y         

Xin Liu

   4/7/2004    4/6/2006       Y         

Yan Liu

   11/24/2005    2/23/2006          Y      

Ye Liu

   8/1/2005    8/1/2007       Y         

Yuhong Liu

   5/17/2004    5/16/2006       Y         

Yu Liu

   2/25/2005    2/24/2007       Y         

Yujuan Liu

   12/15/2004    12/14/2006       Y         

Yuelin Liu

   6/19/2002    6/19/2006       Y         

Yunhe Liu

   12/8/2005    12/7/2007    Y            

Zening Liu

   6/7/2004    6/6/2006       Y         

Zheng Liu

   6/30/2005    6/29/2008       Y         

Zhengyu Liu

   9/12/2005    9/11/2007       Y         

Zhong Liu

   7/30/2004    3/31/2006       Y         

Changhong Liu

   6/21/2004    6/20/2006       Y         

Shiwei Liu

   6/9/2003    6/8/2005       Y         

Li Lu

   11/5/2003    11/4/2007       Y         

Min Lu

   10/18/2004    10/17/2006       Y         

Bin Lu

   11/14/2001    11/13/2005       Y         

Kai Lu

   11/10/2003    11/9/2007       Y         

Weiping Lu

   11/26/2004    11/25/2006       Y         

Zengwang Lu

   3/2/2005    3/1/2007       Y         

Bote Luo

   1/5/2005    1/4/2007       Y         

Rong Luo

   7/21/2004    7/20/2006          Y      

Yanqiu Luo

   3/16/2004    3/15/2006       Y         

Yanxia Luo

Parttime

   11/1/2005    12/31/2006          Y      

Mingyue Luo

   5/8/2005    5/8/2006       Y         

Gang Ma

   1/24/2005    1/23/2007       Y         

Haiqing Ma

   5/22/2002    5/21/2006       Y         

Jia Ma

   8/1/2005    3/31/2006       Y         

Jiabin Ma

   6/1/2004    5/31/2006       Y         

Jincheng Ma

   10/15/2004    10/14/2006       Y       Y   

Jinxin Ma

   5/19/2004    5/18/2006       Y         

 

26


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Lei Ma

   12/9/2005    12/8/2007    Y            

Lipeng Ma

   1/24/2005    1/23/2007       Y         

Lin Ma

   5/23/2005    5/22/2007       Y         

Ruzhong Ma

   7/10/2005    7/9/2007       Y         

Shumin Ma

   11/6/2003    11/5/2005       Y         

Shuang Ma

   3/28/2005    3/27/2007          Y      

Wenqin Ma

Parttime

   1/9/2006    3/31/2006          Y      

Xiaodong Ma

   9/11/1999    9/10/2005       Y         

Yankun Ma

   5/30/2005    5/29/2008       Y         

Yifan Ma

   7/18/2002    1/1/2007       Y         

Yuehua Ma

   9/6/2005    9/5/2007       Y         

Linrui Mao

   7/19/2005    7/18/2007       Y         

Ping Mei

   1/5/2006    1/4/2008    Y            

Ling Meng

   1/9/2006    1/8/2008    Y            

Lingbo Meng

   12/8/2005    12/7/2007    Y            

Lingping Meng

   2/16/2006    2/15/2008    Y            

Qingfeng Meng

   3/23/2004    3/22/2006       Y         

Ya Meng

   10/11/2004    10/10/2006       Y       Y   

Shuangli Mi

   4/18/2005    4/17/2006          Y      

Mouxin Mo

   8/16/2004    8/15/2006       Y         

Weiling Ni

   2006.02.23    2008.02.22    Y          Y   

Xiongjian Ni

   2/16/2005    2/15/2007       Y         

Yan Ni

   12/19/2005    12/18/2007       Y         

Niufang Nian

   10/22/2003    10/21/2007       Y         

Dalong Nie

   12/1/2005    12/1/2007          Y      

Rui Nie

   2/20/2006    2/19/2008    Y            

Chuntang Pan

   5/26/2004    5/25/2006       Y         

Naiqiang Pan

   8/1/2005    3/31/2006    Y            

Yang Pan

   11/5/2004    11/4/2006       Y         

Zhaohui Pan

   8/1/2005    3/31/2006       Y         

Cheng Peng

   9/12/2005    9/11/2007       Y         

Jianfeng Peng

   8/3/2004    8/2/2006       Y         

Qingguo Peng

   3/3/2005    3/2/2007       Y         

 

27


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Xu Peng

   3/28/2005    3/27/2007          Y      

Yuanming Peng

   8/8/2005    8/7/2007       Y         

Hui Qi

   11/22/2004    11/21/2006       Y         

Wei Qi

Parttime

   12/12/2005    12/11/2007          Y      

Guilan Qi

   7/21/2005    7/20/2007       Y         

Hong Qi

   4/4/2005    4/3/2007       Y         

Jing Qi

   11/5/2003    11/4/2005       Y         

Xiaolong Qian

   11/10/2003    11/9/2007       Y         

Yu Qiao

   11/15/2004    11/14/2006       Y       Y   

Xiaoling Qin

   2/19/2001    2/18/2007       Y         

Yongkang Qin

   9/12/2005    9/11/2007       Y         

Zhi Qu

   5/20/2002    5/20/2005          Y      

Mingquan Rao

   2/23/2004    2/22/2006       Y         

Chuyu Ren

   11/21/2005    11/20/2007       Y         

Guangjin Ren

   8/1/2005    8/1/2007          Y      

Xuewei Ren

   2/7/2006    2/6/2008    Y            

Yan Ren

   9/6/2004    9/5/2006       Y       Y   

Lixian Rong

   2/10/2006    3/10/2006          Y      

Rong Rong

   1/31/2005    1/30/2007       Y         

Jiajun Ruan

   2/23/2004    2/22/2006       Y         

Tie Ruan

   7/11/2005    7/10/2007       Y         

Huibo Shang

   12/22/2004    12/21/2007       Y         

Xinyong Shang

   1/31/2005    1/30/2007       Y         

Bin Shao

   5/16/2005    5/15/2007       Y         

Jian Shao

   11/21/2005    11/20/2007       Y         

Haiwei Shen

   2/16/2006    2/15/2008    Y            

Xueyin Shen

   10/29/2003    10/28/2007       Y         

Cuixia Shen

   1/1/2006    4/30/2007       Y         

Hao Shen

   9/5/2005    9/4/2007       Y         

Hao Shen

   11/21/2005    11/20/2007       Y         

Jing Shen

   9/28/2003    9/27/2007       Y         

Quanyu Shen

   1/12/2005    1/11/2006          Y      

Shaojuan Shen

   5/16/2005    5/15/2007       Y         

 

28


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Minzhi Sheng

   7/20/2005    7/19/2007       Y         

Jiansheng Shi

   7/30/2001    7/30/2007       Y         

Huayu Shi

   4/14/2003    4/14/2007       Y         

Shangqing Shi

   1/23/2006    1/22/2008    Y            

Chaojiang Shi

   7/25/2005    7/24/2007       Y         

Quan Shi

   10/28/2005    10/27/2007       Y         

Hongmei Shi

   12/13/2004    12/12/2006       Y         

Kui Song

Parttime

   11/1/2005    12/31/2006          Y      

Ming Song

Parttime

   9/1/2005    6/30/2006          Y      

Jing Su

   7/1/2003    6/30/2007       Y         

Ying Su

   1/2/2003    1/1/2007       Y         

Xing Su

   4/5/2005    4/4/2008       Y         

Huarong Sui

   7/16/2002    7/15/2006       Y         

Dongkai Sun

   1/23/2006    1/22/2008    Y            

Guangwei Sun

   3/31/2003    3/30/2007       Y         

Kangqi Sun

Parttime

   2/13/2006    12/12/2006          Y      

Meng Sun

   12/5/2005    12/4/2007    Y            

Qi Sun

   2/17/2006    2/16/2008    Y            

Tao Sun

   8/17/2004    8/6/2006       Y         

Xiaoxia Sun

   2/13/2006    2/12/2008    Y            

Xiaoming Sun

   7/13/2005    7/12/2006          Y      

Yanhui Sun

   9/20/2004    9/19/2006       Y         

Yan Tan

   3/7/2005    3/6/2007       Y         

Zhongcheng Tan

   7/11/2005    7/10/2007       Y         

Guangchao Tan

   8/23/2004    8/22/2006       Y         

Yuan Tan

   4/11/2005    4/10/2007       Y         

Huaqin Tang

   2/4/2004    2/3/2006       Y         

Junxing Tang

   2/13/2006    2/12/2008    Y            

Mi Tang

   5/16/2005    5/15/2007       Y         

Sichen Tang

Parttime

   11/1/2005    12/31/2006          Y      

Xiantao Tang

   1/20/2006    1/19/2008    Y            

Zhengmei Tang

   2/13/2006    2/12/2008    Y            

Ye Tao

   11/17/2003    11/16/2007       Y       Y   

 

29


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Yun Teng

   2/13/2006    2/12/2008    Y            

Jing Tian

   9/19/2005    9/18/2007       Y         

Ruiying Tian

   3/24/2004    3/23/2006       Y         

Yongyi Tian

   3/28/2005    3/27/2007    Y            

Tonggulaga

   1/4/2006    1/3/2008       Y         

Hua Wan

   1/10/2005    1/9/2007       Y         

Xuefan Wan

   11/16/2004    11/15/2006          Y      

Caihong Wang

   2/13/2006    2/12/2008    Y            

Qingqing Wang

   5/23/2005    5/22/2007       Y         

Qinghua Wang

   12/15/2003    12/15/2005       Y         

Bo Wang

   2/24/2004    2/23/2006       Y         

Chaoyong Wang

   2/7/2006    2/6/2008    Y            

Chenting Wang

   9/16/2004    9/15/2006          Y      

Cheng Wang

   1/9/2006    1/8/2008    Y            

Chengcheng Wang

   4/4/2005    4/3/2007       Y         

Chengying Wang

   3/17/2004    3/16/2006       Y         

Chong Wang

   5/24/2005    5/23/2007       Y         

Chong Wang

   7/6/2005    7/5/2008       Y         

Chunhui Wang

   12/29/2005    1/14/2008       Y         

Chunpeng Wang

   7/13/2005    7/12/2006          Y      

Dalong Wang

   5/16/2005    5/15/2007       Y         

Dongyuan Wang

   6/14/2005    6/13/2007       Y         

Dong Wang

   10/17/2005    10/16/2007       Y         

Fei Wang

   9/13/2004    9/12/2006       Y       Y   

Guiying Wang

   11/15/2004    11/14/2006       Y         

Guoqiang Wang

   11/1/2004    11/1/2006       Y       Y   

Haihong Wang

   8/23/2004    8/22/2006       Y         

Haiyan Wang

   4/5/1999    4/3/2007       Y         

Haiying Wang

   4/22/2004    4/21/2006       Y         

Hao Wang

Parttime

   12/20/2005    5/1/2007          Y      

Hongbo Wang

   3/1/2005    3/1/2007       Y         

Hong Wang

   1/1/2006    4/30/2007       Y         

Huan Wang

   11/14/2005    11/13/2007       Y         

 

30


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Huan Wang

   10/17/2005    10/16/2007       Y         

Hui Wang

   10/8/2003    10/7/2007       Y         

Jibo Wang

   1/4/2006    1/3/2008    Y            

Jiande Wang

   8/12/2004    8/11/2006       Y         

Jingjing Wang

   5/16/2005    5/15/2008       Y         

Juan Wang

   8/29/2005    8/28/2007       Y         

Juan Wang

   8/1/2005    3/31/2006       Y         

Junpeng Wang

   9/18/2001    9/16/2007       Y       Y   

Lei Wang

   11/14/2005    11/13/2007          Y      

Li Wang

   7/11/2005    7/10/2007       Y         

Lichao Wang

   5/23/2005    5/22/2006       Y         

Lin Wang (1)

   1/14/2005    1/13/2007       Y         

Long Wang

   12/16/2003    12/15/2005       Y         

Mingxia Wang

   7/5/2004    7/4/2007       Y         

Pengwei Wang

   11/17/2005    11/16/2007    Y            

Peng Wang

   6/28/2004    6/27/2006       Y         

Peng Wang (1)

   3/21/2005    3/20/2007       Y         

Qifeng Wang

   4/21/2004    4/20/2006       Y         

Senlin Wang

   11/3/2003    11/2/2007       Y         

Tao Wang

   12/14/2004    12/13/2006       Y         

Tingting Wang

   1/10/2005    1/9/2007       Y         

Wei Wang

   5/19/2005    5/18/2007       Y         

Weihua Wang

   10/9/2004    11/15/2007       Y         

Wei Wang

   3/23/2005    3/22/2007       Y         

Wenhao Wang

   10/8/2004    10/7/2006       Y         

Wenlai Wang

   3/29/2004    3/28/2007       Y       Y   

Xia Wang

   12/8/2003    12/7/2005       Y         

Xiangrong Wang

   2/5/2006    2/4/2008    Y            

Xiaobo Wang

   7/5/2004    7/4/2006       Y         

Xiaochun Wang

   7/7/2005    7/6/2008          Y      

Xiaofang Wang

   11/29/2004    11/28/2006       Y         

Xiaoliang Wang

   8/1/2005    3/31/2006       Y         

Xinyi Wang

   3/28/2005    3/27/2007       Y         

Xiumei Wang

   8/1/2005    3/31/2006       Y         

 

31


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Xuefeng Wang

   12/15/2005    12/14/2007    Y            

Yan Wang

   12/12/2005    12/11/2007       Y       Y   

Yan Wang

   9/26/2005    9/25/2007       Y         

Ye Wang

   4/18/2005    4/17/2006          Y      

Yi Wang

   5/17/2005    5/16/2007       Y         

Yi Wang

   10/28/2004    10/27/2006       Y         

Ying Wang

   5/16/2005    5/15/2007       Y         

Yong Wang

   10/30/2003    10/29/2007       Y         

Yuxi Wang

   4/4/2005    4/3/2007       Y         

Yu Wang

   1/1/2006    4/30/2007       Y         

Yuxi Wang

   2/1/2005    1/31/2007       Y         

Zhenyu Wang

Parttime

   2006.02.20    2008.02.19    Y            

Ke Wei

   7/15/2004    7/14/2006       Y         

Li Wei

   3/15/2004    3/14/2006       Y         

Tun Wei

   12/23/2005    12/22/2007    Y            

Wei Wei

   1/24/2005    1/23/2007       Y         

Xie Wei

   4/4/2005    4/3/2007       Y         

Xinyan Wei

   11/21/2003    11/20/2007       Y         

Zhongyuan Wei

   2/16/2004    2/15/2006       Y         

Jian Wu

   3/17/2003    3/16/2005       Y         

Di Wu

   2/20/2006    6/19/2006          Y      

Ge Wu

   2/24/2005    2/23/2007       Y         

Guangze Wu

   3/30/2004    3/29/2006       Y         

Hao Wu

   4/8/2005    4/7/2007       Y         

Hao Wu

   2/28/2005    2/27/2007       Y         

Jingjing Wu

   11/11/2002    11/10/2006       Y         

Jing Wu

   10/21/2004    10/20/2006       Y         

Junliang Wu

   11/28/2005    11/27/2007          Y      

Min Wu

   2/28/2003    2/27/2005       Y         

Wenxue Wu

   4/9/2000    4/7/2006       Y         

Xiaoli Wu

   7/18/2005    7/17/2007       Y         

Yan Wu

   5/13/2004    5/12/2006       Y         

Ying Wu

   7/19/2004    7/18/2006       Y         

 

32


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Ling Wu

   1/9/2006    1/8/2008    Y            

Qigeng Xi

   11/29/2004    11/28/2006       Y         

Gen Xiao

   6/17/2002    6/16/2006       Y         

Hongbin Xiao

   10/30/2003    11/2/2007       Y         

Zhaoqian Xiao

   8/23/2004    8/22/2006       Y         

Lichao Xie

Parttime

   2/20/2006    2/19/2008          Y      

Limin Xie

   1/1/2006    4/30/2007       Y         

Rong Xie

   11/29/2004    11/28/2006       Y         

Wenkai Xie

   5/16/2005    5/15/2007       Y         

Xiaofeng Xie

   8/31/2004    8/31/2006          Y      

Xingyan Xie

   7/6/2005    7/5/2008       Y         

Zhiguang Xie

   3/3/2004    3/2/2006       Y         

Zhongying Xie

   1/23/2006    1/22/2008          Y      

Botao Xing

   3/31/2003    3/30/2007       Y         

Fugang Xu

   3/19/2004    3/18/2006       Y         

Haidong Xu

   2/10/2003    2/8/2007       Y         

Haiying Xu

   6/13/2005    6/12/2007       Y         

Hongbo Xu

   4/8/2005    4/7/2007       Y         

Jie Xu

   12/15/2004    12/14/2006       Y         

Jing Xu

   1/10/2006    1/9/2008    Y            

Jing Xu

   4/19/2004    4/18/2006       Y         

Liufang Xu

   12/5/2005    12/4/2007       Y         

Nan Xu

   5/16/2005    5/15/2007          Y      

Wei Xu

   12/26/2005    12/25/2007       Y       Y   

Xin Xu (1)

Parttime

   2/13/2006    2/12/2008          Y      

Yudi Xu

   2/24/2005    2/23/2007       Y         

Yuhong Xu

   11/22/2004    11/21/2005          Y      

Bin Xu

   3/29/2004    3/28/2006       Y         

Jun Xu

   12/5/2005    12/4/2007       Y         

Xiaoyuan Xu

   1/12/2006    1/11/2008    Y            

Yanan Xu

   11/25/2002    8/15/2006       Y         

Chunying Xue

   4/1/2005    4/1/2007       Y         

Weiwei Xue

   8/1/2005    8/1/2007       Y         

 

33


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Zhe Yan

   9/28/2005    9/27/2007       Y         

Ning Yan

   4/16/2005    4/15/2007          Y      

Ziyan Yan

   12/2/2000    12/1/2005       Y         

Bo Yang

   6/1/2005    5/31/2007       Y       Y   

Changyu Yang

   5/11/2001    5/10/2007       Y         

Fan Yang

   9/9/2005    9/8/2007       Y         

Haiyan Yang

   4/19/2004    4/18/2006       Y         

Jihua Yang

   12/30/2005    12/29/2007       Y         

Liyun Yang

   4/26/2005    4/25/2007       Y         

Pei Yang

   2/17/2006    2/16/2008    Y            

Qian Yang

   1/10/2005    1/9/2007       Y         

Ruijie Yang

   1/4/2006    2/3/2006          Y      

Xiaofei Yang

   6/3/2004    6/2/2006       Y         

Yuanlin Yang

   11/1/2005    12/31/2006          Y      

Xiaobin Yao

   6/3/2004    6/2/2006       Y         

Yunjuan Yao

   10/8/2001    10/7/2005       Y         

Zhonghua Yao

   12/12/2005    12/11/2007    Y            

Fangzheng Ye

   2/17/2006    2/16/2008    Y            

Liping Yi

   7/21/2004    7/20/2006       Y         

Ang Yi

   8/9/2004    8/8/2006       Y         

Jiankang Yi

   4/16/2005    4/15/2007          Y      

Wei Yi

   9/7/2004    9/6/2006       Y         

Jian Yin

   6/18/2001    6/17/2007       Y         

Qinlei Yin

   3/26/2004    3/25/2006       Y         

Cuizhu Yong

   12/5/2005    12/4/2007       Y         

Xiang You

   12/1/2005    12/1/2007    Y            

Bailin Yu

   8/18/2005    8/17/2007       Y         

Changqing Yu

   9/27/2003    9/26/2007       Y         

Fei Yu

   6/15/2005    6/14/2007       Y         

Feng Yu

   6/1/2004    5/31/2006       Y         

Jun Yu

   8/1/2005    3/31/2006       Y         

Liguo Yu

   9/12/2005    9/13/2007       Y         

Shiwei Yu

   8/9/2004    8/8/2006       Y         

Xiaoliang Yu

   2/28/2005    2/27/2007       Y         

 

34


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Yang Yu

   10/21/2005    10/20/2007       Y         

Yang Yu

   1/24/2005    1/23/2007       Y         

Yao Yu

   1/11/2005    1/10/2007       Y         

Qian Yu

   2/2/2004    2/1/2006       Y         

Weiping Yu

   7/14/2000    8/5/2006       Y         

Le Yu

   11/21/2005    11/20/2007    Y            

Honghai Yu

   1/4/2006    1/3/2008    Y            

Jianlan Yu

   4/21/2005    4/20/2008       Y         

Xiaojun Yu

   8/16/2004    8/15/2006       Y         

Xiuyu Yun

   3/23/2005    3/22/2008       Y         

Hang Yuan

   2/20/2006    2/19/2008    Y            

Jigang Yuan

   10/31/2003    10/28/2007       Y         

Jie Yuan

   3/29/2005    3/28/2007       Y         

Xiaojie Yuan

   12/3/2004    12/2/2006       Y         

Feng Yue

   1/1/2006    1/1/2008    Y            

Yi Zeng

   11/21/2005    11/20/2007       Y         

Yi Zeng

   7/13/2005    7/12/2007    Y            

Wei Zhai

   7/30/2001    7/29/2005       Y         

Chao Zhang

   3/16/2004    3/15/2006       Y         

Dan Zhang

   2/25/2004    2/4/2006       Y         

Dechao Zhang

Parttime

   11/1/2005    12/31/2006          Y      

Dike Zhang

   3/21/2005    3/20/2007       Y         

Guangpo Zhang

   2/5/2006    2/4/2008    Y            

Guoqin Zhang

   3/21/2003    3/20/2007       Y         

Haihong Zhang

   4/5/2001    8/15/2006       Y         

Haihong Zhang

   3/4/2004    3/3/2007       Y         

Haixia Zhang

   12/16/2004    12/15/2006       Y         

Hongyi Zhang

   2/8/2006    2/7/2008    Y            

Huatao Zhang

   4/29/2005    4/28/2008       Y         

Hui Zhang

   10/17/2005    10/16/2007       Y         

Jinduo Zhang

   3/14/2005    3/13/2007       Y         

Jinge Zhang

   10/24/2005    10/23/2007       Y         

Jingwei Zhang

   1/6/2003    1/4/2007       Y         

 

35


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Juan Zhang

   5/16/2005    5/15/2007          Y      

Junlan Zhang

   2/17/2006    2/16/2008    Y            

Kun Zhang

   3/7/2005    3/6/2007       Y         

Kun Zhang

   2/2/2004    2/2/2006       Y         

Li Zhang

   1/12/2005    1/11/2007       Y         

Liquan Zhang

   8/1/2005    3/31/2006       Y         

Li Zhang

   1/15/2005    1/14/2007       Y         

Lihui Zhang

   1/23/2006    6/30/2006          Y       Y

Linlin Zhang

   11/3/2003    11/2/2005       Y         

Ling Zhang (2003)

   8/18/2003    8/18/2007       Y         

Long Zhang

   9/9/2002    9/7/2006       Y         

Luchi Zhang

   12/14/2005    12/13/2007    Y            

Meng Zhang

   12/8/2005    12/7/2007    Y            

Nan Zhang

   8/13/2005    8/12/2006          Y      

Nan Zhang

   1/16/2006    1/15/2008    Y            

Qidong Zhang

   8/20/2002    8/19/2007       Y         

Qingan Zhang

   10/10/2005    10/9/2007       Y         

Rongsheng Zhang

   9/12/2005    9/11/2007       Y         

Rui Zhang

   1/16/2006    1/15/2008    Y            

Shengzhao Zhang

   2/13/2006    2/12/2008    Y            

Shizhe Zhang

   8/26/2005    8/25/2007       Y         

Wei Zhang

   6/20/2005    6/19/2007       Y         

Xianwei Zhang

   11/18/2002    11/16/2006       Y         

Xiang Zhang

   3/25/2005    3/24/2007       Y         

Xiaowei Zhang

   7/12/2004    7/11/2006       Y         

Xiaowen Zhang

   9/12/2005    9/11/2007       Y         

Xiaoyu Zhang

   7/13/2005    7/12/2006          Y      

Xiuli Zhang

   2/18/2005    2/17/2007       Y         

Xu Zhang

   1/23/2006    1/22/2008    Y            

Xuan Zhang

   10/30/2003    10/29/2007       Y         

Yan Zhang

   5/16/2005    5/15/2007       Y         

Yanjun Zhang

   6/14/2004    6/13/2006       Y         

Yan Zhang

   5/16/2005    5/15/2007       Y         

Yanpeng Zhang

   8/1/2005    3/31/2006       Y         

 

36


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Yang Zhang

   5/11/2005    5/10/2007       Y         

Yi Zhang

   7/17/2003    7/16/2007       Y         

Yingrui Zhang

   7/13/2005    7/12/2006          Y      

Ying Zhang

   7/7/2003    7/6/2007       Y         

Yongge Zhang

   12/13/2004    12/12/2006       Y         

Yongli Zhang

   7/2/2003    7/1/2007       Y         

Yousheng Zhang

   9/9/2005    9/8/2007       Y         

Yuwei Zhang

   3/28/2005    3/27/2007       Y         

Yuanyuan Zhang

   10/10/2003    10/9/2007       Y         

Zhenggang Zhang

   9/27/2004    9/26/2006       Y       Y   

Zhi Zhang

   1/10/2005    1/9/2007       Y         

Zhihong Zhang

   8/23/2005    1/31/2007          Y      

Zhuo Zhang

   5/31/2005    5/30/2007       Y         

Jiang Zhang?

Parttime

   9/1/2005    12/31/2006          Y      

Beili Zhao

   11/7/2005    11/6/2007       Y         

Disheng Zhao

   2/13/2006    2/12/2008    Y            

Dongbo Zhao

   8/1/2005    8/1/2007          Y      

Fang Zhao

   2/21/2005    2/20/2007       Y         

Hailong Zhao

   9/28/2003    9/27/2007       Y         

Hui Zhao

   2/19/2004    2/18/2006       Y         

Juan Zhao

   1/9/2004    1/8/2008       Y         

Liang Zhao

   1/4/2006    1/3/2008    Y            

Minghua Zhao

   9/27/2004    9/26/2006       Y       Y   

Ning Zhao

   3/22/2005    3/21/2007       Y         

Shaozhi Zhao

   12/16/2003    12/15/2007       Y         

Shunqiang Zhao

   8/30/2004    8/29/2006       Y         

Tian Zhao?

   12/1/2004    12/1/2006       Y         

Wenbo Zhao

   3/11/2005    3/11/2006       Y         

Xiaoning Zhao

Parttime

   2/5/2006    6/30/2006          Y       Y

Xiaoyan Zhao

   1/1/2006    1/1/2008       Y         

Xuan Zhao

   4/1/2005    4/1/2007       Y         

Yu Zhao

   12/1/2005    12/1/2007       Y         

Zhanqiang Zhao

   10/17/2005    10/16/2007       Y         

 

37


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Zhiying Zhao

   7/4/2005    7/3/2008       Y         

Yan Zheng

   8/1/2005    3/31/2006       Y         

Hanfeng Zheng

   2/6/2005    2/5/2007       Y         

Lingli Zheng

   7/18/2005    7/17/2007       Y         

Wenping Zheng

   2/16/2005    2/1/2007       Y         

Xianming Zheng

   12/17/2003    12/16/2006       Y         

Xianghui Zheng

   9/18/2000    9/17/2008       Y         

Yijun Zheng

   3/5/2000     3/4/2005       Y         

Yong Zheng

   2/15/2006    2/14/2008    Y            

Liang Zhong

   2/24/2005    2/23/2007       Y         

Xia Zhong

   6/16/2004    6/15/2006       Y         

Yan Zhong

   6/7/2004    6/6/2006       Y         

Weiyan Zhong

   2/20/2006    2/19/2008    Y            

Aifang Zhou

   11/16/2005    11/15/2007          Y      

Cai Zhou

   9/20/2005    9/19/2007       Y         

Hongcheng Zhou

   8/31/2005    8/30/2007       Y         

Hongming Zhou

   6/1/2005    5/31/2007       Y         

Lizhe Zhou

   6/20/2005    6/19/2007       Y         

Rong Zhou

   1/24/2005    1/23/2007       Y         

Shengyu Zhou

   10/31/2003    10/28/2007       Y         

Shuqin Zhou

   4/15/2000    3/8/2006       Y         

Xiaochun Zhou

   3/28/2005    3/27/2007          Y      

Xiaoping Zhou

   2/5/2006    2/4/2008          Y      

Xuelian Zhou

   12/5/2005    12/4/2007       Y         

Yang Zhou

   3/22/2005    3/21/2007       Y         

Ying Zhou

   7/30/2004    3/31/2005       Y         

Yunguang Zhou

   11/22/2001    11/20/2007       Y         

Bin Zhou

   9/1/2005    9/13/2007       Y         

Jia Zhu

   3/28/2005    3/27/2007          Y      

Shenqi Zhu

   9/20/2004    9/19/2006       Y         

Tong Zhu

   5/23/2005    5/22/2007       Y         

Yingping Zhu

   5/16/2005    5/15/2007       Y         

Tianguang Zhu

   4/11/2005    4/10/2007       Y         

Yonghui Zhu

   1/1/2006    12/31/2008       Y         

 

38


Labor contracts with Employees in Beijing

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement,
Non-
disclosure
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Haiyan Zhuang

   11/30/2005    11/29/2007       Y         

Xiaoou Zhuang

   11/4/2005    11/3/2007       Y         

Changlin Zou

   10/8/2005    10/7/2007       Y         

Xiaotian Zou

Parttime

   1/19/2006    6/30/2006          Y       Y

Tian Zuo

   1/11/2006    1/10/2008    Y            

Ye Zuo

   7/19/2004    7/18/2006       Y         

 

39


Labor contracts with Employees in Wuhan

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Wenzhen Sun

   2001.06.08    2007.06.07       Y         

Qin Li

   2002.06.03    2007.06.02       Y         

Na Wang

   2002.06.24    2007.06.23       Y         

Liang Yu

   2004.12.15    2006.12.14       Y         

Gang Deng

   2005.07.01    2008.06.30       Y         

Ying Xiong

   2005.08.01    2007.07.31       Y         

Ming Zhang

   2006.02.20    2007.02.19    Y            

Yunfan Jiang

   2003.03.19    2006.03.18       Y         

Jialing Wu

   2003.11.03    2005.11.02       Y         

Dan Zhong

   2004.06.16    2006.06.15       Y         

Wenyan Wang

   2004.08.02    2006.08.01       Y         

Bin Yan

   2004.04.26    2005.04.25       Y         

Lin Sun

   2003.03.24    2005.03.26       Y         

Jing Peng

   2005.03.01    2006.02.28       Y         

Jing Yuan

   2006.02.17    2007.02.16    Y            

Minghan Qin

   2005.07.01    2006.07.10          Y      

Xiaojia Gao

   2005.07.01    2006.07.10          Y      

Deqiang Zhang

   2005.07.01    2007.06.30          Y      

Min Ouyang

   2005.07.01    2006.12.31          Y      

 

40


Labor contracts with Employees in Dalian

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Jihong Ma

   7/19/2004    7/18/2006       Y         

Dayan Jiang

   9/13/2004    9/12/2006       Y         

Liang Shi

   9/13/2004    9/12/2006       Y         

Jiaoyuan Li

   9/27/2004    9/26/2006       Y         

Yonghua Xie

   9/27/2004    9/26/2006       Y         

Xin Wang

   10/8/2004    10/7/2006       Y         

Daqing Li

   10/13/2004    10/12/2006       Y         

Zhongchen Liu

   10/25/2004    10/24/2006       Y         

Weixia Han

   11/1/2004    10/31/2006       Y         

Jian Liu

   12/1/2004    11/30/2006       Y         

Yan Yang

   11/8/2004    11/7/2006       Y         

Xiaoxin Wang

   11/8/2004    11/7/2006       Y         

Ligang Liu

   11/8/2004    11/7/2006       Y         

Li Zhang

   11/15/2004    11/14/2006       Y         

Bing Zhang

   12/3/2004    12/2/2006       Y         

Na Wang

   12/13/2004    12/12/2006       Y         

Fulei Zhang

   12/16/2004    12/15/2006       Y         

Yang Yang

   12/20/2004    12/19/2006       Y         

Hongkai Zhang

   3/16/2005    3/15/2007       Y         

Yu Fan

   12/23/2004    12/22/2006       Y         

Qiudan Zhou

   12/27/2004    12/26/2006       Y         

 

41


Labor contracts with Employees in Dalian

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Xinrui Yu

   12/29/2004    12/28/2006       Y         

Xiaoli Li

   1/1/2005    12/31/2007       Y         

Long Li

   1/24/2005    1/23/2007       Y         

Xingyi Qiao

   2/28/2005    2/27/2007       Y         

Yongyu Yang

   3/3/2005    3/2/2007       Y         

Yun Wang

   3/3/2005    3/2/2007       Y         

Hehua Di

   3/11/2005    3/10/2006       Y         

Linghua Lu

   3/21/2005       Y            

Lei Li

   4/1/2005    3/31/2007       Y         

Zhenyu Lan

   4/4/2005    4/3/2007       Y         

Farnaz Farid

   4/11/2005    4/10/2007       Y         

Tingxiu Jiang

   5/8/2005    5/7/2007       Y         

Lin Cong

   6/6/2005    6/5/2007       Y         

Hongrun Wang

   6/15/2005    6/14/2007       Y         

Suzette Mercado Aquisap

   6/17/2005    6/16/2007       Y         

Chuan Wu

   6/20/2005    6/19/2007       Y         

Fei Wu

   2005 LOGO 6 LOGO 24 LOGO    6/23/2007       Y         

Bo Yang

   2005 LOGO 6 LOGO 27 LOGO    6/26/2007       Y         

Zhiling Ma

   6/28/2005    6/27/2007       Y         

Yijing Zhang

   6/28/2005    6/27/2007       Y         

Dongliang Zhang

   6/28/2005    6/27/2007       Y         

Shuang Xu

   6/28/2005    6/27/2007       Y         

 

42


Labor contracts with Employees in Dalian

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Fanyu Zhang

   6/28/2005    6/27/2007       Y         

Shengsong Chen

   7/1/2005    6/30/2007       Y         

Ruijian Zhou

   7/11/2005    7/10/2007       Y         

Xuhui Liu

   7/15/2005    7/14/2007       Y         

Minzhen Zheng

   7/18/2005    7/17/2007       Y         

Yong Xu

   7/18/2005    7/17/2007       Y         

Anthony T. Ramirez

   7/29/2005    7/28/2007       Y         

Guanglin Zhang

   8/4/2005    8/3/2007       Y         

Xiaofei Chen

   8/8/2005    8/7/2007       Y         

Xiang Li

   8/10/2005    8/9/2007       Y         

Jianfeng Dong

   8/12/2005    8/11/2007       Y         

prabhu balan

   8/19/2005    8/18/2007       Y         

Zhuo Wang

   8/15/2005    8/14/2007       Y         

Haixian Cheng

   8/22/2005    8/21/2007       Y         

Bo Li

   8/25/2005    8/24/2007       Y         

Li Zhao

   8/25/2005    8/24/2007       Y         

Arlene T. liu

   9/7/2005    9/6/2007       Y         

Resty A. Arguelles

   9/7/2005    9/6/2007       Y         

Chao Meng

   9/9/2005    9/8/2007       Y         

Bo Wu

   9/12/2005    9/11/2007       Y         

Hu Zhou

   9/12/2005    9/11/2007       Y         

Yu Wang

   9/28/2005    9/27/2007       Y         

 

43


Labor contracts with Employees in Dalian

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Fuquan Yang

   10/8/2005    10/7/2007       Y         

Guevara Francis

   10/9/2005    10/8/2007       Y         

Jiawen Zhu

   10/9/2005    10/8/2007       Y         

Liang Chen

   10/11/2005    10/10/2007       Y         

Lin FuiJin

   10/20/2005    10/19/2007       Y         

Liming Dou

   11/14/2005    11/13/2007       Y         

Naidi Li

   11/14/2005    11/13/2007       Y         

Grace Aglubat

   11/14/2005    11/13/2007       Y         

Yang Wu

   11/16/2005    11/15/2007       Y         

JIesheng Cheng

   11/21/2005    11/20/2007       Y         

Jin Zhou

   11/26/2005    11/25/2007       Y         

Haoyang Liu

   11/30/2005       Y            

Hao Ren

   12/6/2005    12/5/2007       Y         

Dawei Pan

   12/14/2005    12/13/2007       Y         

Shuang Wang

   12/20/2005    12/19/2007       Y         

Yan Yang

   12/22/2005    12/21/2007       Y         

Weiyi Xia

   12/26/2005       Y            

Binbin Zhang

   12/31/2005    12/30/2007       Y         

Tingting Mao

   1/4/2006    1/3/2008       Y         

Xiejun Sun

   1/4/2006    1/3/2008       Y         

Wei Li

   1/4/2006    1/3/2008       Y         

Longshan Zhang

   1/4/2006    1/3/2008       Y         

 

44


Labor contracts with Employees in Dalian

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Jian Gao

   2/7/2006    2/6/2008       Y         

Yannian Wang

   2/8/2006    2/7/2008       Y         

Zhiren Fu

   2/8/2006    2/7/2008       Y         

Haipeng Na

   2/13/2006    2/12/2008       Y         

Ying Wang

   2/13/2006    2/12/2008       Y         

Mingcan Liu

   2/13/2006    5/30/2007       Y         

Zhigang Liu

   2/17/2006    2/16/2008       Y         

Chunlei Zhao

   2/22/2006    2/21/2008       Y         

Qi Wang

   3/2/2006       Y            

Yajing Yang

   11/1/2004    10/31/2006       Y         

Tianchao Xie

   2/2/2005    2/1/2007       Y         

Xiaonmei Yang

   5/16/2005    5/15/2007       Y         

Hua Jin

   7/4/2005    7/3/2007       Y         

Lewis, John Randall

Parttime

   6/13/2005             Y      

Laijun Deng

   8/22/2005    8/21/2007       Y         

Dan Liu

   9/1/2005    8/31/2007       Y         

Yin Jiao

   10/8/2005    10/7/2007       Y         

Dongning Shi

Parttime

   11/10/2005             Y      

Yanqiu Liu

   2/5/2006       Y            

 

45


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Ying hang

   1999.7.1    2006.7.1       Y         

Yi Zhou

   1999.7.1    2007.6.30       Y         

Jianxin Lu

   1999.5.2    2006.6.31       Y         

Ying Lu

   1999.7.1    2006.7.14       Y         

Xianying Lu

   1999.7.1    2007.6.30       Y         

Liangjun Fei

   1999.5.2    2006.6.31       Y         

Lin Ye

   2001.5.25    2006.5.24       Y         

Chunlei Li

   2001.6.15    2006.6.4       Y         

Huiqin Wang

   2001.9.3    2007.9.2       Y         

Haiyan Wang

   2002.3.27    2006.5.14       Y         

Wei Gao

   2002.6.10    2006.6.9       Y         

Yan Gu

   2002.6.3    2006.6.2       Y         

Yongxin Que

   2002.7.8    2006.7.7       Y         

Jianmin Gao

   2002.10.10    2006.10.9       Y         

Huixia Yang

   2003.1.6    2008.1.5       Y         

Ye Wang

   2003.3.6    2006.6.4       Y         

Yuanming Hou

   2003.3.17    2006.6.30       Y       Y   

Huan Wang

   2003.5.9    2007.5.8       Y         

Runhua Chi

   2003.5.13    2006.5.12       Y         

Dong Yu

   2003.5.27    2007.5.26       Y         

Yuanyuan Liu

   2005.6.13    2007.6.12       Y         

 

46


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Zhigang Dai

   2003.7.16    2006.7.15       Y       Y   

Xiaojian Wang

   2003.7.21    2007.7.20       Y         

Rong Luo

   2003.8.19    2006.8.18       Y         

Feifei Cai

   2003.8.28    2007.8.27       Y         

Wenjing Cai

   2003.9.22    2006.10.15       Y         

Xiaoqin Wu

   2003.9.22    2007.9.21       Y         

Yue Zhao

   2003.11.26    2006.11.25       Y         

Juan Lin

   2003.12.1    2008.11.30       Y         

Zhu Zhu

   2003.12.1    2006.11.30       Y         

Xiuhua Pan

   2003.12.22    2006.12.21       Y         

Wenfei Zhang

   2006.1.5    2008.1.4       Y         

Guanghui Li

   2004.2.16    2006.2.15       Y       Y   

Xi Zhou

   2004.3.1    2006.2.28       Y         

Ling Hu

   2004.3.2    2006.7.15       Y         

Changxiong Guo

   2004.3.15    2006.3.14       Y         

Jun He

   2004.4.12    2006.4.11       Y         

Wei Ge

   2004.4.19    2006.7.14       Y         

Guang Yang

   2004.4.19    2006.7.14       Y         

Yun Tang

   2004.4.19    2006.7.14       Y         

Mei Zhang

   2004.4.20    2006.7.19       Y         

Jingle Fan

   2004.5.9    2006.5.8       Y         

Lijing Qiu

   2004.5.10    2006.7.14       Y         

 

47


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Xin Wang

   2004.5.10    2007.8.2       Y         

Mingpin Ni

   2004.5.14    2005.12.31       Y         

Yiwei Tao

   2004.5.17    2006.7.15       Y         

Wenting Wang

   2004.5.17    2008.7.15       Y         

Jing Xu

   2004.5.17    2007.7.15       Y         

Xiaodong Ma

   2004.5.17    2007.7.15       Y         

Jun Pang

   2004.5.17    2007.7.15       Y         

Minhua Gao

   2004.5.17    2007.7.15       Y         

Xiaofeng Cai

   2004.5.25    2006.5.24       Y         

Libin Yang

   2004.6.21    2006.6.20       Y         

Hua Lan

   2004.6.15    2006.6.14       Y         

Beijun Xia

   2004.6.28    2006.6.27       Y         

Jia Li

   2004.7.5    2007.7.4       Y         

Jian Hu

   2004.7.5    2006.7.5       Y         

Hao Li

   2004.7.12    2007.5.17       Y         

Tao Liu

   2004.7.19    2007.7.18       Y         

Rui Shen

   2004.7.26    2006.7.25       Y         

Zhihua Zhou

   2004.7.20    2006.7.19       Y         

Linyuan Shen

   2004.7.21    2007.8.31       Y         

Jun Liu

   2004.7.26    2007.7.27       Y         

Lu Yang

   2004.8.4    2006.8.3       Y         

Huaiyi Liao

   2004.8.13    2006.8.12       Y         

 

48


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Yimin Zhang

   2004.8.30    2007.8.29       Y         

Xiankun He

   2004.8.30    2007.8.29       Y         

Yeting Huang

   2004.9.1    2007.8.30       Y         

Yu Zhang

   2004.9.1    2007.8.30       Y         

Hao Zhu

   2004.9.20    2006.6.30       Y         

Ye Song

   2004.10.8    2007.10.7       Y         

Dan Mao

   2004.10.10    2007.10.9       Y         

Wenqi Lou

   2004.6.8    2006.10.14       Y         

Hongyan Liu

   2004.11.8    2007.11.7       Y         

Dan Wang

   2004.11.15    2007.11.14       Y         

Lin Chen

   2004.11.15    2007.11.14       Y         

Wei Wu

   2004.11.26    2007.2.28       Y         

Leilei Wang

   2004.12.13    2007.3.15       Y         

Qingbo Xia

   2005.1.4    2008.1.3       Y         

Lihua Zhang

   2004.12.27    2006.12.26       Y         

Ji Shen

   2005.1.5    2007.1.5       Y         

Wenzhen Chen

   2005.1.17    2008.1.17       Y         

Jie Li

   2005.1.6    2008.3.14       Y         

Fang Xin

   2005.1.11    2008.1.10       Y         

Li Wen

   2004.12.24    2006.12.31       Y         

Beibei Liang

   2005.1.24    2007.1.23       Y         

Yanqing Mao

   2005.1.24    2007.1.23       Y         

 

49


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Min Ling

   2005.2.21    2007.2.15       Y         

Zhenhua Zhai

   2005.4.1    2006.3.31       Y         

Jiongmin Sun

   2005.2.16    2008.2.15       Y       Y   

Jie Chen

   2005.2.28    2007.2.27       Y         

Jia Xie

   2005.2.28    2007.2.27       Y         

Jieyi Shen

   2005.2.28    2007.7.31       Y         

Xiaohui Dai

   2005.2.28    2008.6.30       Y         

Wenjuan Zhang

   2005.3.3    2007.6.30       Y         

Wenfei Fan

   2005.3.7    2007.2.6       Y         

Shaoxin Yan

   2005.3.8    2008.3.7       Y         

Xinrong Yuan

   2005.3.7    2006.3.7       Y         

Bo Zhang

   2005.3.21    2007.3.20       Y         

Ying Jiang

   2005.3.22    2007.6.30       Y         

Lili Hu

   2005.3.24    2007.3.23       Y         

Weijia Xie

   2005.3.24    2007.3.23       Y         

Yujuan Wang

   2005.3.23    2007.8.19       Y         

Yugang Wu

   2005.3.23    2007.5.31       Y         

Weida Shi

   2005.3.23    2007.5.31       Y         

Yong Sun

   2005.3.23    2007.5.31       Y         

Qingyu Yang

   2005.3.28    2007.3.27       Y         

Rongbin Bian

   2005.4.1    2006.3.31       Y         

Jian Kang

   2005.4.1    2007.3.31       Y         

 

50


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Zhao Luo

   2005.4.1    2007.3.31       Y         

Yin Tang

   2005.4.1    2007.3.31       Y         

Jue Zhang

   2005.4.1    2007.3.31       Y         

Chong Xu

   2005.4.25    2008.4.25       Y         

Lijia Kou

   2005.4.6    2007.4.5       Y         

Ting Cao

   2005.4.11    2007.4.10       Y         

Yan Li

   2005.4.11    2007.4.10       Y         

Jiali Xu

   2006.1.4    2008.1.3       Y         

Rui Li

   2005.4.11    2007.4.10       Y         

Xiaoming Wang

   2005.4.11    2007.4.11       Y         

Zijian Cao

   2005.7.1    2008.7.1       Y         

Ling Hu

   2005.4.5    2006.4.4       Y         

Xiaofeng Lei

   2005.4.18    2006.4.18       Y         

Zhongqi Yang

   2005.4.18    2007.4.17       Y         

Jianhua Zhang

   2005.4.18    2007.4.17       Y         

Ling Zhao

   2005.4.20    2007.4.20       Y         

Jun Sun

   2005.4.20    2007.4.20       Y         

Hairong Qin

   2005.4.25    2006.4.25       Y         

Jingchun Mei

   2005.4.25    2007.4.25       Y         

Yun Pan

   2005.5.8    2007.5.7       Y         

Min Shen

   2005.5.16    2007.5.15       Y         

Baoqing Bei

   2005.5.16    2007.8.15       Y         

 

51


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Yin Yu

   2005.5.16    2007.5.15       Y         

Ben Shen

   2005.5.18    2006.5.18       Y         

Jiaming Ma

   2005.5.18    2007.8.17       Y         

Lu Zhang

   2005.5.24    2008.5.24       Y         

Yiming Cao

   2005.5.25    2006.5.25       Y         

Xiang Zhou

   2005.6.1    2008.5.31       Y         

Yinying Ni

   2005.5.30    2007.6.30       Y         

Yonghui Wang

   2005.5.30    2006.5.29       Y         

Jian Qiu

   2005.6.20    2007.6.20       Y         

Zhiqiang Chen

   2005.6.1    2006.6.1       Y         

Hua Qu

   2005.6.1    2007.5.31       Y         

Huan Xie

   2005.6.1    2007.5.31       Y         

Chunxiao Cai

   2005.6.1    2007.6.30       Y         

Li Qian

   2005.6.1    2007.6.30       Y         

Lu Han

   2005.6.1    2007.6.30       Y         

Jian Wang

   2005.6.6    2007.6.6       Y         

Rong Long

   2005.6.4    2006.6.3       Y         

Qingli Zhang

   2005.6.17    2007.6.16       Y         

Huawei Chen

   2005.6.20    2008.6.20       Y         

Jin Yi

   2005.6.20    2007.6.20       Y         

Youxing he

   2005.6.20    2007.6.19       Y       Y   

Bing Wei

   2005.6.20    2007.6.19       Y         

 

52


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Wei Xu

   2005.6.20    2007.9.19       Y         

Jing Zhan

   2005.6.20    2007.9.19       Y         

Qing Li

   2005.6.21    2007.6.20       Y         

Wei Peng

   2005.6.21    2007.6.20       Y         

Qiang Liu

   2005.7.11    2008.7.11       Y         

Qirui Zhang

   2005.6.24    2007.6.21       Y         

Zhou Zhou

   2005.6.27    2007.6.26       Y         

Di Wu

   2005.7.5    2008.7.5       Y         

Zhenhua ma

   2005.6.27    2007.8.7       Y         

Haihong Sheng

   2005.6.27    2007.8.7       Y         

Jiayun Li

   2005.6.27    2007.8.7       Y         

Zhaoxia Shang

   2005.6.27    2007.8.7       Y         

Ting Wang

   2005.6.27    2007.8.7       Y         

Wenxiao Zhu

   2005.6.27    2007.8.7       Y         

Xi He

   2005.6.27    2007.8.7       Y         

Lei Zhang

   2005.6.27    2007.8.7       Y         

Yongna Li

   2005.6.27    2007.8.7       Y         

Leilei Liu

   2005.6.27    2007.8.7       Y         

Peiyuan Zhu

   2005.6.27    2007.8.7       Y         

Dongliang Zhang

   2005.6.29    2007.6.27       Y         

Zhiling Ma

   2005.6.29    2007.6.27       Y         

Shuang Xu

   2005.6.29    2007.6.27       Y         

 

53


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Ruijin Zhang

   2005.6.29    2007.6.27       Y         

Yijing Zhang

   2005.6.29    2007.6.27       Y         

Jing Xu

   2005.7.1    2007.6.30       Y         

Rongzhou Zheng

   2005.7.4    2007.7.3       Y         

Yinyin Gu

   2005.7.4    2007.7.3       Y         

Baolei Li

   2005.7.4    2007.7.3       Y         

Yixin Chen

   2005.7.5    2007.7.4       Y         

Jiechun Wang

   2005.7.1    2008.7.1       Y         

Xi Yang

   2005.7.1    2008.7.1       Y         

Xiwen Xue

   2005.7.1    2008.7.11       Y         

Sicheng Zhang

   2005.7.1    2008.7.1       Y         

Sihua Shao

   2005.7.11    2008.7.11       Y         

Fengmao Wang

   2005.7.11    2008.7.11       Y         

Shaobin Wang

   2005.7.20    2008.7.20       Y         

Hanlin Chen

   2005.7.11    2008.7.11       Y         

Jun Zhang

   2005.7.11    2008.7.11       Y         

Tairan Chen

   2005.7.12    2008.7.11       Y         

Siran Huang

   2005.7.12    2007.7.11       Y         

Yuan Liu

   2005.7.18    2008.7.18       Y         

Yuwen Ji

   2005.7.14    2006.7.14       Y         

Wenbin Zhong

   2005.7.14    2006.7.14       Y         

Lifu Chen

   2005.7.1    2008.10.8       Y         

 

54


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Wanshan Tao

   2005.8.29    2008.8.29       Y         

Wen Li

   2005.7.18    2006.6.30       Y         

Yong Chen

   2005.7.18    2007.7.17       Y         

Gen Ji

   2005.7.18    2006.7.18       Y         

Qingtian Wang

   2005.7.20    2007.7.20       Y         

Yan Shen

   2005.7.20    2007.7.19       Y         

Shuzhe Pan

   2005.8.1    2007.10.31       Y         

Yi Lu

   2005.7.25    2006.7.24       Y         

Yao Wang

   2005.7.25    2007.7.24       Y         

Xing Yin

   2005.7.25    2007.7.24       Y         

Hong zhao

   2005.7.25    2007.7.25       Y         

Xiang Fei

   2005.7.26    2007.7.25       Y         

Zhao Zhang

   2005.8.15    2007.8.14       Y         

Weisong Wang

   2005.8.15    2007.8.15       Y         

Enyi Ai

   2005.8.8    2007.8.8       Y         

Ziheng Wang

   2005.8.1    2007.7.31       Y         

Xiaoxin Huang

   2005.8.1    2007.7.31       Y         

Tao Han

   2005.8.1    2007.7.31       Y         

Ting Li

   2005.8.1    2007.7.31       Y         

Beifang Hou

   2005.8.1    2007.7.31       Y         

Honge Tang

   2005.8.1    2007.7.31       Y         

Wei Xi

   2005.8.1    2007.7.31       Y         

 

55


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Dong Li

   2005.8.1    2007.7.31       Y         

Danqing Xu

   2005.8.1    2007.7.31       Y         

Jing Wu

   2005.8.1    2006.7.31       Y         

Juanjuan Li

   2005.8.1    2007.7.31       Y         

Qiang Chi

   2005.8.1    2007.7.31       Y         

Yuxiang Chen

   2005.8.1    2007.7.31       Y         

Shanshan Zhao

   2005.8.1    2007.7.31       Y         

Chunhua Duan

   2005.8.1    2007.7.31       Y         

Mengjuan Xia

   2005.8.1    2007.10.31       Y         

Qingrui Wu

   2005.8.1    2007.7.31       Y         

Rui Yu

   2005.8.8    2007.8.8       Y         

Jingwei Zhang

   2005.8.29    2008.8.29       Y         

Jian Liu

   2005.8.8    2007.8.8       Y         

Xiaoqin Hu

   2005.8.8    2007.8.7       Y         

Wenjia Shao

   2005.8.3    2006.8.3       Y         

Wei Zhu

   2005.8.8    2007.8.7       Y         

Congyi Yuan

   2005.8.22    2007.8.21       Y         

Guanglin Zhang

   2005.8.8    2007.8.3       Y         

Jiawei Liu

   2005.8.8    2007.8.7       Y         

Chunfang Li

   2005.8.8    2007.8.7       Y         

Xiaomang Gu

   2005.8.8    2007.8.7       Y         

Suling Xu

   2005.8.8    2007.8.7       Y         

 

56


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Yunyan Yu

   2005.8.8    2007.8.7       Y         

Jiacheng Gu

   2005.8.22    2007.8.21       Y         

Guocai Su

   2005.8.15    2006.12.31       Y         

Yinna Feng

   2005.8.15    2007.8.14       Y         

Baotai Wang

   2005.8.15    2006.8.14       Y         

Yushan Wang

   2005.8.19    2007.8.18       Y         

Bei Xu

   2005.9.1    2008.9.1       Y         

Rong Wang

   2005.8.29    2006.8.28       Y         

Dandan Chang

   2005.8.29    2007.8.28       Y         

Ming Xu

   2005.9.12    2007.9.21       Y         

Fei Huang

   2005.8.31    2006.8.31       Y         

Ning Tang

   2005.9.12    2007.9.21       Y         

Huyan Chen

   2005.9.1    2007.8.31       Y         

Bin Qian

   2005.9.12    2007.9.21       Y         

Zhengrong Zhu

   2005.9.12    2007.9.21       Y         

Hongbo Wang

   2005.9.5    2006.9.5       Y         

Zebei Huang

   2005.9.5    2006.9.5       Y         

Zhongxin Cao

   2005.9.7    2006.9.7       Y         

Qi Lu

   2005.9.26    2007.9.25       Y         

Zhiming Wang

   2005.9.19    2007.9.18       Y         

Jun Wang

   2005.9.19    2007.9.18       Y         

Jing Tang

   2005.9.19    2006.9.18       Y         

 

57


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Bin Liu

   2005.9.26    2006.9.25       Y         

Zhuo Ma

   2005.9.27    2008.9.26       Y         

Wei Le

   2005.10.8    2007.10.7       Y         

Hua Zheng

   2005.10.8    2007.10.7       Y         

Baorui Wang

   2005.10.8    2006.10.7       Y         

Shaojun Li

   2005.10.8    2006.10.7       Y         

Kangyong An

   2005.10.15    2006.10.14       Y         

Huhua Wang

   2005.10.17    2008.10.16       Y         

Zhi Guo

   2005.10.17    2008.10.16       Y         

Yuanfeng Duan

   2005.10.17    2007.10.16       Y         

Guangpu Jia

   2005.10.17    2007.10.16       Y         

Luwen Wang

   2005.10.17    2007.10.16       Y         

Xiaodong Du

   2005.10.25    2006.10.24       Y         

Huajie Wu

   2005.10.26    2006.10.25       Y         

Lijun Fan

   2005.10.27    2006.10.26       Y         

Yaqing Yu

   2005.11.1    2008.10.31       Y         

Yaoli Ma

   2005.11.1    2008.11.1       Y         

Weiqing Ou

   2005.11.1    2007.11.1       Y         

Zhengbin Pan

   2005.11.14    2006.11.14       Y         

Huijun You

   2005.11.21          Y         

Wenge Ran

   2005.11.21          Y         

Muhua Jiang

   2005.12.1    2006.11.30       Y         

 

58


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Xiaoxu Yu

   2005.12.6    2008.12.6       Y         

Yadi Zhao

   2005.12.6    2008.12.6       Y         

Junnan Xu

   2005.12.12    2008.12.12    Y            

Zhe Zhou

   2005.12.12    2008.12.12    Y            

Yu Xie

   2005.12.12    2006.12.12    Y            

Lili Jiang

   2005.12.19       Y            

Jing Huang

   2005.12.22    2008.12.21    Y            

Wenbin Lin

   2006.1.4    2008.1.3    Y            

Yian Gao

   2006.1.9    2009.1.9    Y            

Jian Hu

   2006.1.9    2008.1.8    Y            

Guibin Fang

   2006.1.16       Y            

Liang Han

   2006.2.5    2008.2.4    Y            

Zhuojia Xu

   2006.2.13    2008.2.12    Y            

Chongwen Wang

   2006.2.13       Y            

Heng Zheng

   2006.2.16       Y            

Feiting Chen

   2006.2.16             Y      

Taigang Pang

   2006.2.16       Y            

Hui Zheng

   2006.2.20       Y            

Bo Wang

   2006.2.20       Y            

Xiaohong Zhang

   2006.2.20    2007.2.19    Y            

Mei Yang

   2006.2.20    2008.2.19    Y            

Mo Jia

   2006.3.1    2007.3.1    Y            

 

59


Labor contracts with Employees in Shanghai

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Ou Xu

   2006.3.1    2008.3.1    Y            

Lei Shen

   2006.3.1    2007.3.1    Y            

Wei Hou

   2006.3.1    2007.2.28    Y            

Dongping Yu

   2006.3.1             Y      

Xuan Cai

               Y      

Yu Fan

               Y      

Yang Xu

               Y      

Shuo Peng

               Y      

Xiaoqiang Gao

               Y      

Yanfei Chen

               Y      

Yifan Chen

               Y      

Ling Pan

               Y      

Shengyang Fan

               Y      

Yi Zhang

               Y      

 

60


Labor contracts with Employees in Changsha

 

Name

   Time of
Commencement
   Maturity
Date
   Probationary
Contract,
Job
Acceptance
Agreement
and Non-
competition
Agreement
   Employment
contract
with salary
agreement
and non-
disclosure
and non-
competition
agreement
   Temporary
Labor
Contract
  

Training
Agreement

(Peoplesoft)

  

Training
Agreement

(Siebel)

Yuqi Tian

   2004.7    2006.3.31       Y         

Yongfu Wu

   2004.8    2006.3.31       Y         

Peng Xiao

   2003.8    2006.3.31       Y         

Wei Zhu

   2004.8    2006.3.31       Y         

Xianmou Chen

   2005.5    2006.3.31       Y         

Runfa Mao

   2005.6    2006.3.31       Y         

Yuqian Chen

   2005.6    2006.3.31       Y         

Jianxin Wu

   2005.7    2006.3.31       Y         

Zhiming Chang

   2005.8    2006.8.2       Y         

Wei Xiong

   2004.6    2006.3.31       Y         

Yan Xie

   2005.11    2006.11       Y         

Lan Dong

   2005.12    2006.12.26       Y         

Yingbin Tang

   2005.11    2006.3.31       Y         

Luo Lei

   2006.1    2006.3.31    Y            

yuhua Yang

   2006.2    2006.3.31    Y            

Huichao Ouyang

   2006.2    2006.3.31    Y            

Zhiping Tang

   2006.2    2006.6          Y      

Lixia Xue

   2005.11    2006.3.31          Y      

Shicheng Xu

   2005.8.17    2006.3.31          Y      

Zhibiao Huang

   2006.2.6    2006.6.31          Y      

Jinlian Zou

   2006.2.7    2006.6.32          Y      

Xiao Liu

   2006.3             Y      


Section 3.25 Other Representations and Warranties Relating to the PRC Subsidiary

(b) Section 3.3(b) of this Disclosure Schedule is incorporated by reference to this Section 3.25(b).

(f) Section 3.3(b) of this Disclosure Schedule is incorporated by reference to this Section 3.25(f).

Section 3.26 Insurance

None of the Group Companies have fire and casualty insurance policies.


EXHIBIT C

AMENDED AND RESTATED SHAREHOLDERS AGREEMENT


EXHIBIT D

INVESTOR WARRANTS


EXHIBIT E

LETTER AGREEMENT


EXHIBIT F

FOREIGN EXCHANGE REGISTRATION

Foreign Exchange Registration. The Holder hereby acknowledges and confirms that the following events are preconditions to the Holder receiving Shares upon the exercise of this Warrant/Option

(a) the Beijing bureau of the People’s Republic of China (“PRC”) State Administration of Foreign Exchange having begun to formally accept applications for foreign exchange registration for overseas investment by natural persons of the PRC pursuant to the Circular Hui Fa (2005) No. 75 (“Foreign Exchange Registration”); and

(b) delivery by the Holder to the Company of a duly signed Power of Attorney for use in connection with Foreign Exchange Registration in substantially the form attached hereto as Exhibit G (or in such form and substance as may be required by then applicable PRC Law).

Moreover, the Holder undertakes to take, or cause to be taken, any such actions as reasonably requested by the Company in order to complete Foreign Exchange Registration.


EXHIBIT G

Power of Attorney

 

Authorizing Person:        Name:  

ID Card:

 

      Address:

 

Postal Code:

 

Telephone

 
Authorized Person:        Name  

ID Card:

 

      Address:

 

Postal Code:

 

Telephone:

 

The authorizing person proposes to exercise the warrants obtained in accordance with the warrant executed with THINKPLUS INVESTMENTS LIMITED, an exempted Company under the laws of Cayman Islands (the “offshore companies”) in                     , 2006. If meeting the corresponding provisions set forth in the warrant, the authorizing person will acquire                  ordinary shares of the offshore company (accounting for             % of the company’s total stock capital). With respect to the exercise of the above warrant, the authorizing person hereby entrusts the authorized person to undergo the foreign exchange registration procedures.

The authority of the authorized person is limited to undergo the following maters on behalf of the authorizing person: submit the application; undergo the relevant formalities regarding statement, acknowledgement, modification or waiver; receive the notice, certificates, documents and other materials; and undergo other matters related to this foreign exchange registration.

Authorizing Person:                        (signature)

Date:                     , 2006


EXHIBIT H

INDEMNIFICATION AGREEMENTS


EXHIBIT I

NOTICES

To Sequoia:

2408 Air China Plaza

No. 36 Xiaoyun Road

Chaoyang District,

Beijing100027, China

Fax: +86-10-8447- 5669

Attention: Kui Zhou

To the Company, the BVI and PRC Subsidiaries and Button:

3F, Building 8

Zhongguancun Software Park

Haidian District, Beijing 100094, China

Fax: +86-10-8282-5268

Attention: Chen Shuning

To the Founders:

3/F Building 8

Zhongguancun Software Park

Haidian District, Beijing 100094, China

Fax: +86-10-8282-5268

To Legend:

10th Floor, Tower A

Raycom Info. Tech Center

No.2 Ke Xue Yuan Nan Lu

Zhong Guan Cun, Haidian District

Beijing, China 100800

Fax: +86-10-6250-9100

Attention: Mr. Wang Nengguang

To DCM:

c/o DCM—Doll Capital Management

2420 Sand Hill Road Suite 200

Menlo Park, California

USA 94025

Fax: +1-650-854-9159                         Email: rtheis@dcmvc.com

Attention: Robert I. Theis


AMENDMENT TO

SERIES B PREFERRED SHARE PURCHASE AGREEMENT

THIS AMENDMENT TO SERIES B PREFERRED SHARE PURCHASE AGREEMENT (the “Amendment”) is dated as of July 30, 2007, by and among Thinkplus Investments Limited, a company incorporated under the laws of Cayman Islands (the “Company”), and the other parties listed on the signature pages hereto (each, along with the Company, a “Party” and collectively, the “Parties”).

RECITALS:

 

(A) The Parties have entered into that certain Series B Preferred Share Purchase Agreement dated as of April 28, 2006 (the “Purchase Agreement”).

 

(B) The Parties desire to enter into this Amendment to supplement and amend the terms of the Purchase Agreement in consideration of the mutual covenants contained herein and other good and valuable considerations.

 

(C) Capitalized terms not otherwise defined in this Amendment have the respective meanings ascribed to such terms in the Purchase Agreement.

AGREEMENT:

 

1. Section 5.4 of the Purchase Agreement is hereby amended to read in its entirety as follows:

“Reserved.”

 

2. References. On and after the effectiveness of this Amendment, each reference in the Purchase Agreement to “this Agreement,” “hereunder” or words of like import referring to the Purchase Agreement shall mean and be a reference to the Purchase Agreement as amended by this Amendment.

 

3. Effectiveness. This Amendment shall become effective immediately upon the date hereof.

 

4. Ratification. The Purchase Agreement, as amended by this Amendment, is and shall continue to be in full force and effect and is hereby ratified and confirmed in all respects.

 

5. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS TO BE PERFORMED WHOLLY WITHIN SUCH JURISDICTION, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW OF ANY JURISDICTION.

 

6. Counterparts. This Amendment may be executed in one or more counterparts including counterparts transmitted by telecopier or facsimile, each of which shall be deemed an original, but all of which signed and taken together, shall constitute one document.

[The remainder of this page is intentionally left blank]

 

2


IN WITNESS WHEREOF, the parties have caused their respective duly authorized representatives to execute this Amendment as of the date and year first above written.

 

SERIES B INVESTORS:
SEQUOIA CAPITAL CHINA I, L.P.
SEQUOIA CAPITAL CHINA PARTNERS FUND I, L.P.
SEQUOIA CAPITAL CHINA PRINCIPALS FUND I, L.P.
By:   Sequoia Capital China Management I, L. P.
 

A Cayman Islands Exempted Limited

partnership General Partner of Each

By:   SC China Holding Limited
  A Cayman Islands limited liability company
  Its General Partner
By:   Sinobond Global Limited, Director
By:  

/s/ Jimmy

Name:   Jimmy Wong, an authorized signatory
Title:  
SEQUOIA CAPITAL GROWTH FUND III
SEQUOIA CAPITAL GROWTH PARTNERS III
SEQUOIA CAPITAL GROWTH III PRINCIPALS FUND
By:   SCGF III Management, LLC
  A Delaware Limited Liability Company
  General Partner of Each
By:  

/s/ Doug Leone

  Managing Member

SIGNATURE PAGE TO AMENDMENT TO SERIES B PURCHASE AGREEMENT

 

3


IN WITNESS WHEREOF, the parties have caused their respective duly authorized representatives to execute this Amendment as of the date and year first above written.

 

SERIES B INVESTORS:
LC FUND II
By:  

/s/ Chen Hao

Name:   Chen Hao
Title:   Managing Director
DCM IV, L. P.
DCM AFFILIATES FUND IV, L. P.
By:   DCM Investment Management IV, L. P.
  its General Partner
By:   DCM International IV, Ltd.
  its General Partner
By:  

/s/ Ruby Lu

  Ruby Lu, an authorized signatory

SIGNATURE PAGE TO AMENDMENT TO SERIES B PURCHASE AGREEMENT


IN WITNESS WHEREOF, the parties have caused their respective duly authorized representatives to execute this Amendment as of the date and year first above written.

 

SERIES A INVESTORS:
LC FUND II
By:  

/s/ Chen Hao

Name:   Chen Hao
Title:   Managing Director
DCM IV, L. P.
DCM AFFILIATES FUND IV, L. P.
By:   DCM Investment Management IV, L. P.
  its General Partner
By:   DCM International IV, Ltd.
  its General Partner
By:  

/s/ Ruby Lu

  Ruby Lu, an authorized signatory
HARPER CAPITAL
By:  

/s/ Steven Xi

Name:   Steven Xi
Title:   Managing Director

SIGNATURE PAGE TO AMENDMENT TO SERIES B PURCHASE AGREEMENT


IN WITNESS WHEREOF, the parties have caused their respective duly authorized representatives to execute this Amendment as of the date and year first above written.

 

GROUP COMPANIES:
THINKPLUS INVESTMENTS LIMITED
By:  

/s/ Chen Shuning

Name:  
Title:  
WORKSOFT CREATIVE SOFTWARE TECHNOLOGY LTD.
By:  

/s/ Chen Shuning

Name:  
Title:  
WORKSOFT CREATIVE SOFTWARE TECHNOLOGY CO., LTD.
LOGO
By:  

/s/ Chen Shuning

Name:  
Title:  
WORKSOFT CREATIVE SOFTWARE TECHNOLOGY, INC.
By:  

/s/ Chen Shuning

Name:  
Title:  

SIGNATURE PAGE TO AMENDMENT TO SERIES B PURCHASE AGREEMENT


IN WITNESS WHEREOF, the parties have caused their respective duly authorized representatives to execute this Amendment as of the date and year first above written.

 

FOUNDERS:

/s/ Chen Shuning

Chen Shuning

/s/ David Lifeng Chen

David Lifeng Chen
FOUNDER ENTITY AND ORDINARY SHAREHOLDERS:
INNO GLOBAL TECHNOLOGY LIMITED
By:  

/s/ Zhu Baoguo

Name:  
Title:  
BUTTON SOFTWARE LTD.
By:  

/s/ Chen Shuning

Name:  
Title:  
SURES CORPORATION LIMITED
By:  

/s/ Chen Jian

Name:  
Title:  

SIGNATURE PAGE TO AMENDMENT TO SERIES B PURCHASE AGREEMENT