Supplementary Agreement
Exhibit 4.55
(English Translation)
This Supplementary Agreement (the “Agreement”) is entered into by and among the following parties in Beijing on September 6, 2011:
| Party A: |
Baidu Online Network Technology (Beijing) Co., Ltd. (“Baidu Online”) | |
| Address: |
3/F, Baidu Campus, Xx. 00 Xxxxxxx 00xx Xxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx 000000, The People’s Republic of China | |
| Party B: |
Beijing Perusal Technology Co., Ltd. (“Beijing Perusal”) | |
| Address: |
0/X, Xx.00 Xxxxxxxx, Xxxxxxxxxxxx Xxxxxxxx Xxxx, Xx.0 Xxxxxxxxx Xxxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx | |
| Party C: |
Xxxxxx Xxx | |
| Party D: |
Yazhu Zhang | |
In this Agreement, the parties are referred to as a “Party” individually and “Parties” collectively.
Whereas:
1. The Parties to the Agreement individually or jointly signed the following agreements/contracts or powers of attorney:
| No. | Document Names | Signing Parties | Signing Dates | |||
| 1 | Technology Consulting and Services Agreement | Baidu Online, Beijing Perusal | June 23, 2006 | |||
| 2 | Operating Agreement | Baidu Online, Beijing Perusal, Xxxxxx Xxx, Yazhu Zhang | June 23, 2006 | |||
| 3 | Exclusive Equity Purchase Option Agreement | Baidu Online, Xxxxxx Xxx | May 19, 2006 | |||
| 4 | Exclusive Equity Purchase Option Agreement | Baidu Online, Yazhu Zhang | May 19, 2006 | |||
| 5 | Proxy Agreement | Xxxxxx Xxx, Yazhu Zhang, Baidu Online | May 17, 2008 | |||
| 6 | Irrevocable Power of Attorney | Xxxxxx Xxx | June 23, 2006 | |||
| 7 | Irrevocable Power of Attorney | Yazhu Zhang | June 23, 2006 |
2. The Parties agree to enter into this Agreement to amend certain sections in the agreements/contracts or powers of attorney set out above.
NOW THEREFORE, The Parties hereby agree as follows:
1. The amended sections:
1.1 Technology Consulting and Services Agreement:
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1.1.1 Section 7.2 is amended as: “7.2 The term of this Agreement shall be permanent, unless otherwise provided herein.”
1.1.2 Section 7.3 is amended as: “7.3 If the duration of operation of either party is expired within the term of this Agreement, such party shall renew the duration of operation in time so as to ensure the effectiveness and performance of this Agreement. If the renewal of the duration of operation is not approved or agreed by the competent authorities, the Agreement shall be terminated upon the expiration of such party’s duration of operation.”
1.1.3 Section 7.4 is deleted.
1.1.4 Section 8.1 is amended as: “8.1 [Blank]”.
1.2 Operating Agreement:
1.2.1 Section 15 is amended as: “15 The term of this Agreement shall be permanent, unless otherwise provided herein. If the duration of operation of either party is expired within the term of this Agreement, such party shall renew the duration of operation in time so as to ensure the effectiveness and performance of this Agreement. If the renewal of the duration of operation is not approved or agreed by the competent authorities, the Agreement shall be terminated upon the expiration of such party’s duration of operation.”
1.2.2 Section 16 is amended as: “16 During the term of this Agreement, Party B shall not terminate this Agreement, unless Party A has a gross negligence or fraud towards Party B. Notwithstanding the above stipulation, Party A shall have the right to terminate this Agreement at any time by issuing a thirty (30) days’ prior written notice to Party B.”
1.3 Exclusive Equity Purchase Option Agreement with Xxxxxx Xxx
1.3.1 Secion 5.2 is amended as: “Section 5.2 This Agreement shall be effective as of the date first set forth above, and terminated when all the shares held by Party B have been transferred to Party A and/or the Designated Persons pursuant to this Agreement.”
1.4 Exclusive Equity Purchase Option Agreement with Yazhu Zhang
1.4.1 Secion 5.2 is amended as: “Section 5.2 This Agreement shall be effective as of the date first set forth above, and terminated when all the shares held by Party B have been transferred to Party A and/or the Designated Persons pursuant to this Agreement.”
1.5 Proxy Agreement
1.5.1 Section 9 is amended as: “9. The term of this Agreement shall be permanent, unless the Company terminates this Agreement in writing.”
1.6 Irrevocable Power of Attorney issued by Xxxxxx Xxx
1.6.1 The last paragraph is amended as: “During the period that I am a shareholder of Beijing Perusal, this Power of Attorney is irrevocable and permanently effective from the date of this Power of Attorney, unless otherwise provided herein.”
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1.7 Irrevocable Power of Attorney issued by Yazhu Zhang
1.7.1 The last paragraph is amended as: “During the period that I am a shareholder of Beijing Perusal, this Power of Attorney is irrevocable and permanently effective from the date of this Power of Attorney, unless otherwise provided herein.”
2. Miscellaneous
2.1 The Effective Date
This Agreement shall be effective as of the date first set forth above.
2.2 The Applicable Laws
The conclusion, effectiveness, interpretation, performance, amendment, termination and dispute settlement shall be governed by PRC laws officially published and publicly available.
2.3 Language
This Agreement is executed in Chinese in four originals, each Party holding an original. All the originals shall have the same legal effect.
IN WITNESS WHEREOF, each party hereto have caused this Agreement to be duly executed by its legal representative on its behalf as of the date first set forth above.
| Party A: Baidu Online Network Technology (Beijing) Co., Ltd. |
Party B: Beijing Perusal Technology Co., Ltd. | |
| Legal Representative: /s/ Xxxx Xxxx (with the company seal of Baidu Online Network Technology (Beijing) Co., Ltd.) |
Legal Representative: /s/ Xxxx Xxxx (with the company seal of Beijing Perusal Technology Co., Ltd.) | |
| Party C: Xxxxxx Xxx |
Party D: Yazhu Zhang | |
| Signature: /s/ Xxxxxx Xxx |
/s/ Yazhu Zhang |
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