Xudong ZHU Jun LUO Shanghai SINA Leju Information Technology Co., Ltd. AND Beijing Yisheng Leju Information Service Co., Ltd. Shareholder Voting Right Proxy Agreement In respect of Beijing Yisheng Leju Information Service Co., Ltd. September 29, 2009

Exhibit 4.17

Xxxxxx XXX

Xxx XXX

Shanghai SINA Leju Information Technology Co., Ltd.

AND

Beijing Yisheng Leju Information Service Co., Ltd.

Shareholder Voting Right Proxy Agreement

In respect of Beijing Yisheng Leju Information Service Co., Ltd.

September 29, 2009

Shareholder Voting Right Proxy Agreement

This Shareholder Voting Right Proxy Agreement (this “Agreement”) is entered into as of September 29, 2009 by and between the following Parties:

1.		Xxxxxx XXX
		ID Card No.: 310108196710054852
2.		Xxx XXX
		ID Card No: 310110196801064214
		(Xxxxxx XXX and Xxx XXX are hereinafter referred to individually as a “Shareholder” and collectively as the “Shareholders”.)
3.		Shanghai SINA Leju Information Technology Co., Ltd. (hereinafter, the “WFOE”)
		Registered address: Xxxx 00X, #000 Xxxxxxxx Xxxx, Xxxxxx New District, Shanghai
4.		Beijing Yisheng Leju Information Service Co., Ltd. (hereinafter, the “Company”)
		Registered address: Room 806-810, Ideal International Plaza, #58 North Sihuan West Road, Haidian District, Beijing
		(In this Agreement, the above parties are hereinafter referred to individually as a “Party” and collectively as the “Parties”.)

WHEREAS:

1.		Xxx XXX, Xxxxxxxx XXXX and the Shareholders entered into an Equity Interest Transfer Agreement (“Equity Interest Transfer Agreement”) on September 29, 2009. According to the Equity Interest Transfer Agreement, Xxx XXX and Xxxxxxxx XXXX agree to transfer all the equity interest they hold in the Company respectively to the Shareholders (“Equity Transfer”). After the Equity Transfer takes effect, the Shareholder will become shareholders of the Company, holding 100% equity interest of the Company.
2.		The Shareholders intend to severally entrust their voting rights in the Company to the individuals designated by the WFOE after the Equity Transfer takes effect, and the WFOE intends to designate the individuals to accept such entrust.

NOW, THEREFORE, the Parties, after friendly consultations, hereby mutually agree below:

Article 1 Voting Right Delegation

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1.1 The Shareholders hereby irrevocably undertake to respectively sign a power of attorney in substance and form as set forth in Annex 1 hereof after this Agreement takes effect, to respectively entrust the individuals then designated by the WFOE (hereinafter, the “Entrusted Persons”) to exercise, on behalf of each of the Shareholders, the following rights that the Shareholders are entitled to in the capacity of shareholders of the Company under the then effective articles of association of the Company (collectively, the “Entrusted Rights”):

	(1)		To propose to convene and attend Shareholders’ meetings of the Company as the representative of each of the Shareholders according to the articles of association of the Company;
	(2)		To exercise, on behalf of each of the Shareholders, their voting rights on all matters requiring discussion or resolutions of the Shareholders’ meetings of the Company, including without limitation, the appointment and election of the Company’s directors and other senior management to be appointed and removed by the Shareholders;
	(3)		To exercise other voting rights of the Shareholder as specified in the articles of association of the Company (including any other shareholder voting rights as specified in the amended articles of association).

		The above authorization and entrustment are granted on the condition that the Entrusted Persons are PRC citizens and that the WFOE approves such authorization and entrustment. Upon and only upon written notice of dismissing and replacing the Entrusted Person(s) given by the WFOE to each of the Shareholders shall the Shareholder promptly entrust another PRC citizen then designated by the WFOE to exercise the above Entrusted Rights, and the new authorization and entrustment shall, upon the grant supersede the previous authorization and entrustment. The Shareholders shall not revoke the authorization and entrustment to the Entrusted Person(s) unless as provided in this Article.
1.2		The Entrusted Persons shall perform their obligations in respect of the entrustment hereunder to the extent authorized hereunder with due care and diligence and in compliance with laws. The Shareholders acknowledge and shall assume liabilities for any legal consequences arising as a result of the Entrusted Persons’ exercise of the foregoing Entrusted Rights.
1.3		The Shareholders hereby confirm that the Entrusted Persons are not required to seek opinions from the relevant Shareholder prior to their exercise of the foregoing Entrusted Rights. However, the Entrusted Persons shall inform the Shareholders in a timely manner of any resolution or proposal on convening an interim shareholders’ meeting after such resolution or proposal is made.

Article 2 Right to Information

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2.1 For the purpose of exercising the Entrusted Rights hereunder, the Entrusted Persons are entitled to know various relevant information of the Company such as those in respect of its operation, business, customers, finance and employees, and shall have access to the relevant documentations and materials of the Company. The Company shall fully cooperate with the Entrusted Persons in this regard.

Article 3 Exercise of the Entrusted Rights

3.1		The Shareholders will provide sufficient assistances to the Entrusted Persons with regard to their exercise of the Entrusted Rights, including timely execution where necessary of resolutions of shareholders’ meetings adopted by the Entrusted Persons or other pertinent legal documents (e.g., where the same is required in order to submit documents for purpose of governmental approvals, registrations or filings.).
3.2		If at any time within the term of this Agreement, the grant or exercise of the Entrusted Rights hereunder is unrealizable for whatever cause (except for default of any Shareholder or the Company), the Parties shall immediately seek the most similar alternative solution and, if necessary, enter into a supplementary agreement to amend or adjust the provisions herein, in order to ensure the realization of the purpose of this Agreement.

Article 4 Exemption and Compensation

4.1		The Parties acknowledge that in no case shall the WFOE be required to be liable to or compensate (monetary or otherwise) the other Parties or any third party in respect of exercise of the Entrusted Rights hereunder by the individuals designated by it.
4.2		The Shareholders and the Company agree to indemnify and hold the WFOE free from and harmless against all losses incurred or likely to be incurred due to exercise of the Entrusted Rights by the Entrusted Persons designated by the WFOE, including without limitation, any loss resulted from any litigation, demand, arbitration or claim by any third party against it or from administrative investigation or penalty, PROVIDED, HOWEVER, THAT no indemnification is available for any losses caused by a willful default or gross negligence of the Entrusted Persons.

Article 5 Representations and Warranties

5.1 Each Shareholder hereby represents and warrants severally that:

5.1.1. It is a Chinese citizen with full capacity of action. It has the complete and

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			independent legal status and legal capacity to execute, deliver and perform this Agreement. It may xxx or be sued independently.
	5.1.2.		When this Agreement takes effect, it has the full power and authority to execute and deliver this Agreement and all other documents relating to the transaction contemplated hereby that are to be executed by it; and the full power and authority to consummate the transaction contemplated hereby. This Agreement is duly executed and delivered by it. Upon the effectiveness, this Agreement shall constitute its legal and binding obligation and may be enforceable against it in accordance with the terms hereof.
	5.1.3.		It is the registered legal shareholder of the Company as of the effective date of this Agreement. Except for those rights created under this Agreement, the Equity Pledge Agreement and the Exclusive Call Option Agreement entered into by and between the Shareholders, the Company and the WFOE on the date hereof, the Entrusted Rights are free of any third-party right. Pursuant to this Agreement, the Entrusted Persons may exercise the Entrusted Rights fully and completely in accordance with the then effective articles of association of the Company.

5.2 Each of the WFOE and the Company hereby represents and warrants severally that:

	5.2.1		It is a limited liability company duly registered and validly existing under the laws where it is registered and has the independent legal person status. It has the full and independent legal status and legal capacity to execute, deliver and perform this Agreement and may xxx or be sued independently.
	5.2.1		It has the full corporate power and authority to execute and deliver this Agreement and all other documents relating to the transaction contemplated hereby that are to be executed by it. It has the full power and authority to consummate the transaction contemplated hereby.

5.3 The Company further represents and warrants that:

5.3.1 Each Shareholder is the registered legal shareholder of the Company as of the effective date of this Agreement. Except for the rights under this Agreement, the Equity Pledge Agreement and the Exclusive Call Option Agreement entered into by and between the Shareholders, the Company and the WFOE on the date hereof, the Entrusted Rights are free of any third-party right. Pursuant to this Agreement, the Entrusted Persons may exercise the Entrusted Rights fully and completely in accordance with the then effective articles of association of the Company.

Article 6 Term of this Agreement

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6.1		After being duly executed by the Parties, this Agreement will become effective immediately upon the Equity Transfer taking effect. Subject to the provisions of Articles 6.2 and 6.3 hereof, the term of this Agreement shall be twenty (20) years, unless it is early terminated by the Parties in writing or pursuant to Article 9.1 hereof. The term of this Agreement will not be extended upon expiration; provided, however, that the term of this Agreement will be automatically extended for one (1) year upon the expiration, if the WFOE gives the other Parties written notice requiring the extension thereof, and the same mechanism will apply subsequently upon the expiration of each extended term.
6.2		This Agreement shall terminate, if the Company or the WFOE, upon expiry of its business term, fails to deal with the approval and registration for the extension thereof.
6.3		If any Shareholder transfers all of the equity interest it holds in the Company to any person with the WFOE’s prior consent, the Shareholder will no longer be a Party hereto and the obligations and undertakings of any other Parties hereunder will not be adversely affected.

Article 7 Notices

7.1		Any notice, request, demand and other correspondences required by this Agreement or made in accordance with this Agreement shall be delivered in writing to the relevant Party(ies).
7.2		The above notices or other correspondence shall be deemed delivered (i) upon being sent out if by facsimile or electric transmission, or (ii) upon handover in person if by hand delivery; or (iii) upon the fifth (5th) day of being posted if by mail.

Article 8 Confidentiality

8.1 Regardless of the termination of this Agreement, each Party is obligated to keep strictly confidential trade secrets, proprietary information, clients’ information and all other information of confidential nature related to the other Parties that are known to the former Party during the course of its execution and performance of this Agreement (the “Confidential Information”). Unless as agreed to by the Party who disclosed the Confidential Information (the “Disclosing Party”) in writing in advance, or as required by the relevant laws, regulations or the requirements applicable where the publicly listed affiliated company of any Party is located, the receiving party of the Confidential Information (the “Receiving Party”) shall not disclose to any third party any of such Confidential Information. Except for the purpose of performing this Agreement, the Receiving Party shall not use any Confidential Information.

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8.2 The Confidential Information does not include:

	(a)		the information that has been lawfully acquired by the Party receiving the information before as evidenced by certain written evidence;
	(b)		the information entering the public domain without attribution to any fault of the Party receiving the information; and
	(c)		the information lawfully acquired by the Party receiving the information from other sources after being received by the Party.

8.3		The Receiving Party may, for the purpose of performing this Agreement, disclose Confidential Information to its relevant employees, agents or professionals engaged by it, provided, however, the Receiving Party shall ensure that such persons shall abide by the relevant terms and conditions of this Article 8, and shall assume any liability incurred as a result of the breach by any of such persons of the relevant terms and conditions of this Article 8.
8.4		Notwithstanding any other provision of this Agreement, the effect of this Article 8 shall not be affected by the termination of this Agreement.

Article 9 Liabilities for Breach

9.1 The Parties agree and confirm that, if any of the Parties (the “Breaching Party”) is materially in breach of any provision hereof, or materially fails or delays in performing any of the obligations hereunder, a breach hereof is constituted (a “Breach”), and any of the other Parties which does not commit any Breach (a “Non-breaching Party”) has the right to require that the Breaching Party rectify it or take a remedial action within a reasonable period. If the Breaching Party fails to rectify the Breach or take remedial actions within the reasonable period or within ten (10) days of the other Party’s written rectification notice, then:

	9.1.1.		if any Shareholder or the Company is the Breaching Party, the WFOE is entitled to terminate this Agreement and require the Breaching Party to indemnify it against its damage;
	9.1.2.		if the WFOE is the Breaching Party, each of the Non-defaulting Parties is entitled to require the Breaching Party to indemnify it against its damage; but unless otherwise provided for by law, in no case does it have the right to terminate or cancel this Agreement.

9.2 Notwithstanding any other provision herein, the effect of this Article 9 shall not be affected by the suspension or termination of this Agreement.

Article 10 Miscellaneous

10.1 This Agreement is written in Chinese in four (4) originals. Each of the Parties to

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		this Agreement shall hold one (1) original.
10.2		The execution, effectiveness, performance, revision, interpretation and termination of this Agreement shall be governed by laws of People Republic of China.
10.3		Any dispute arising out of or in connection with this Agreement shall be resolved by the Parties through consultation. In the event the Parties fail to agree with each other within thirty (30) days after the dispute arises, the dispute shall be submitted to China International Economic and Trade Arbitration Commission Shanghai Commission for arbitration in Shanghai in accordance with the arbitration rules thereof effective at the submission of the application for arbitration. The arbitration award shall be final and binding upon the Parties.
10.4		None of the rights, powers or remedies granted to each of the Parties by any provision of this Agreement shall preclude any other rights, powers or remedies that such Party is entitled to under the laws and under any other provisions of this Agreement, and any Party’s exercise of any of its rights, powers or remedies shall not preclude its exercise of any other rights, powers or remedies that it is entitled to.
10.5		A Party’s failure or delay in exercising any of its rights, powers or remedies that it is entitled to under this Agreement or under the laws (the “Available Rights”) shall not constitute its waiver of such rights, nor shall any single or partial waiver of any Available Rights by a Party preclude its exercise of those rights in another manner or its exercise of any other Available Rights.
10.6		The headings in this Agreement are written for the ease of reference only, and in no event, shall be used for, or affect, the interpretation to this Agreement.
10.7		Each provision herein is separable and independent from all other provisions herein. If any one provision or more provisions of this Agreement become invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other provisions herein shall not be affected.
10.8		This Agreement, after takes effect, shall supersede any other prior legal documents among the Parties with respect to the subject matter hereof. Any amendment or supplement hereto shall be made in writing and shall not become effective until its due execution by the Parties hereto.
10.9		Without the WFOE’s prior written consent, none of the other Parties may transfer any of its rights and/or obligations hereunder to any third party. The Shareholders and the Company hereby agree that the WFOE is entitled to transfer any of its rights and/or obligations hereunder to any third party upon written notice thereof to the Shareholders and the Company.
10.10		This Agreement shall be binding on the legal successors of the Parties.

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[SIGNATURE PAGE]

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

	Xxxxxx XXX
	By:	/s/ Xxxxxx XXX
	Xxx XXX
	By:	/s/ Xxx XXX
	Shanghai SINA Leju Information Technology Co., Ltd. (Company seal)
	By:	/seal
	Name:
	Title:
	Beijing Yisheng Leju Information Service Co., Ltd. (Company seal)
	By:	/seal
	Name:
	Title:

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Annex 1:

Power of Attorney

THIS POWER OF ATTORNEY (hereinafter, the “Power of Attorney”) is executed by [Shareholder of the Company] (Domicile [*], ID card No.: [*]) as of [*], 2009 and issued to [*] (Domicile [*], ID card No.: [*]) (hereinafter, the “Entrusted Person”).

I, [Name], hereby entrust the Entrusted Person with full representative power to exercise the following rights owned by me in the capacity of a shareholder of Beijing Yisheng Leju Information Service Co., Ltd. (hereinafter, the “Company”) on my behalf:

(1)		As my representative, to propose to convene and attend Shareholders’ meetings of the Company according to the articles of association of the Company;;
(2)		As my representative, to exercise, on behalf of each of the Shareholders, their voting rights on all matters requiring discussion or resolutions of the Shareholders’ meetings of the Company, including without limitation, the appointment and election of the Company’s directors and other officers to be appointed and removed by the Shareholders;;
(3)		As my representative, to exercise other voting rights of a shareholder as specified in the articles of association of the Company (including any other shareholder voting rights as specified in the amended articles of association).

I hereby irrevocably confirm that this Power of Attorney shall continue to be valid unless and until the Shareholder Voting Right Proxy Agreement executed by and between Shanghai SINA Leju Information Technology Co., Ltd. (hereinafter, the “WFOE”), the Company and the Shareholders of the Company as of [*], 2009 expires or is early terminated, unless the WFOE gives me a direction to replace the Entrusted Person.

Authorization is hereby made.

Name:

Signature:                                        

Date: [*], 2009

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