ASSETTRANSFERAGREEMENTTHISOFFSHOREASSETTRANSFERAGREEMENT(Agreement)isenteredintoonthe1stdayofApril20**in***City,***Countrybyandamong(1)***(Seller),acompanydulyestablishedandexistingunderthelawsofBritishVirginlslands,withitsregisteredaddressat***;(2)***(ManagementShareholder),a***CountryresidentwithIDcardno.1***andwithhisprincipalresidentialaddressat***;and(3)***(Purchaser),acompanydulyestablishedandexistingunderthelawsofBritishVirginlslands,withitsregisteredaddressat***.Itisawholly-ownedsubsidiaryinBritishVirginIslandsof***.WHEREASATheSelleracquiredtheAssetsfrom***(Operator)and/ortheManagementShareholder,pursuanttotheAssetsTransferAgreement(Offshore-ATA)enteredintobyandbetweenthosepartiesonApril1st,20**.Afterthecompletionofabovesaidtransactions,theSellerorthethirdpartydesignatedbytheSellerownsfullrightandtitletotheAssets(asdefinedbelow),andisentitledtodisposeoftheAssetswhichareusedintheBusiness(asdefinedbelow)ortheoperationrelatedthereto.BTheOperatorisajointstockcompanyunderPRClaw,inwhichtheaffiliateoftheSellerholds28%equityinterests.TheaffiliateoftheSelleracquired12%oftheOperator'sequityinterestpursuanttotheequitytransferagreementsignedonApril1st,20**withthenaturalpersonshareholdersoftheOperator(NaturalPersonShareholderEquityTransferAgreement).Therefore,uponthecompletionoftheforegoingtransactions,theSellerholdsanaggregate40%oftheOperator'sequityinterests.ThePurchaserorthethirdpartydesignatedbythePurchaserexecutedanequitytransferagreementwith***Co.,Ltd(***)(State-ownedShareholderEquityTransferAgreement)andshallacquiretemporarily60%oftheOperator'sequityinterestswithatotalconsiderationofRMB**million.ThereforetheSellerandtheManagementShareholderagree,uponthePurchaser'sperformancehereof,torepurchasethe60%equityinterestsheldbythePurchaseorthethirdpartydesignatedbythePurchaserinaccordancewiththepost-Closingarrangementherein.CThePurchaser'swholly-ownedsubsidiaryinthePRC,***(***),hasalsoobtainedtangibleassets,personnelandbusinesscontractsrelatedtotheBusinessfromtheOperatorpursuanttotheBusinessandAssetsTransferAgreement(BATA)enteredintobyandbetweenthosepartiesonApril1st,20**.Also,theManagementShareholderand***shallsignalaborcontractwithservicetermnotlessthan**years.DTheManagementShareholderholds100%oftheSeller'sequityinterests.Adecision,act,consentorinstructionoftheManagementShareholder(includinganamendment,extensionorwaiverofthisAgreement)shallbefinal,bindingandconclusiveuponthePurchaser,andthePurchasermayrelyuponanysuchdecision,act,consentorinstructionoftheManagementShareholderasbeingthedecision,act,consentorinstructionofeachoftheSeller.ETheSellerwishestoselltothePurchaser,andthePurchaserwishestopurchasefromtheSeller,theAssets.NOW,THEREFORE,thepartieshaveagreedasfollows:Article1DefinitionsandInterpretations1.1Definitions.Unlessotherwisestipulatedherein,thefollowingtermsshallhavethemeaningsetforthbelow:AssetstheintangibleassetsacquiredbytheSellerfromtheOperatorandcanbetransferredtothePurchaser,including,withoutlimitation,theOperator'sintellectualpropertyrightsandgoodwillinconnectionwiththeWebsites,theDomainNames,theTrademarksandSoftware,assetforthinAppendixII,providedthattheinsurancebusinesscoresystemsoftware(PharosSystem)shallbeprocessedinaccordancewithAppendixIV;Businessallthebusiness,servicesandtradeconductedorengagedinbytheManagementShareholder,theSellerortheOperator,andwhichareinconnectionwiththedevelopmentofsoftwareandhardware,productionandtechnicalservices,andcomputersystemintegrationservice;-2-BusinessContractsallbusinesscontractssignedbytheOperator,asdefinedandlistedintheBATA;BusinessDayadayonwhichcommercialbanksareopenforcorporatebusinessinthePRC;ClosingDatethedatewhichisnotmorethan2BusinessDaysafteralloftheClosingconditionsassetforthinArticle7havebeensatisfiedorwaivedinwritingbytheappropriateparty,providedthattheClosingDateshallnotbelaterthanMay31st,20**unlessotherwiseagreedtoinwritingbytheSellerandthePurchaser;ClosingDocumentsanycertificates,consents,approvals,agreements,anddocumentsrelatingtothetransactionscontemplatedbythisAgreementasaresetforthonAppendixIV;DomainNamesthedomainnamesrelatedtotheBusinessortheWebsites(asdefinedbelow)andthatarenowownedbytheSeller,whicharepartoftheAssets;EmployeesallemployeesemployedintheBusiness,asdefinedandlistedintheAppendixIIofBATA;KeyEmployeesEmployeesspecifiedasKeyEmployeesinAppendixIIofBATA;ForceMajeureanyearthquake,storm,fire,flood,warorothersignificanteventofnaturalorhuman-causeddisasterarisingaftersigninghereofwhichisunforeseen,unavoidableandnotpossibletoovercome,andisbeyondthecontrolofanyparty,andpreventsthetotalorpartialperformanceofthisAgreement;GovernmentAuthorityanycompetentgovernmentdepartmentsandauthorities;Lawofajurisdiction,meansalllawsandlegislationofthatjurisdictionthatareineffect,includinglaws,regulations,decreesandanyorder,ruling,writ,judgment,injunctionordecreeanygovernmentagenciesandotherdocumentsofalegislative,administrativeorjudicialnature;Liabilitiesanyandallliabilities,claims,obligations,expensesordamages,whetherknownorunknown,contingentorabsol