Equity Interests Pledge Agreement
This Equity Interests Pledge Agreement (the "Agreement") is entered into on the day of August 15, 2004 by and
between the following parties:
ID Card No.: 440112611107062
Address: Room 2, No. 47 Daywan, 470 Xingangzhonglu, Guangzhou
1. Wang Xiaoping, the Pledgor, is a citizen of the People's Republic of China ("PRC"). The Pledgor owns 50%
of the equity interest in Beijing Enterprise Network Technology Co., Ltd. Beijing Enterprise Network
Technology Co., Ltd. is a limited liability company registered in Beijing, PRC carrying on value added
2. The Pledgee, a wholly foreign-owned company registered in Beijing, PRC, has been licensed by the PRC
relevant government authority to engage in the business of technology development, software production,
integrated system and technical services. The Pledgee and Beijing Enterprise Network Technology Co., Ltd.
owned by the Pledgor enter into Exclusive Technical Consulting and Services Agreement (the "Service
Agreement") on August 15, 2004.
3. In order to make sure that the Pledgee collects technical consulting and service fees as normal from Beijing
Enterprise Network Technology Co., Ltd., the Pledgor is willing to pledge all its equity interest in Beijing
Enterprise Network Technology Co., Ltd. to the Pledgee as a security for the Pledgee to collect technical
consulting and service fees under the Service Agreement.
In order to implement the terms of the service agreement, the Pledgee and the Pledgor through mutual
negotiations hereby enter into this Agreement based upon the following terms:
Unless otherwise provided in this Agreement, the following terms shall have the following meanings:
Pledgee: Hurray! Times Communications (Beijing) Ltd.
Pledgor: Wang Xiaoping
1.1 Pledge means the full content of Article 2 hereunder
1.2 Equity Interest means all its 50% equity interests in Beijing Enterprise Network Technology C