Loan and Share Pledge Agreement
Table of Contents
THIS LOAN AND SHARE PLEDGE AGREEMENT (this “ Agreement ”) is entered into on this 3rd day of November 2004 in
Beijing, People’s Republic of China (“ PRC ”)
(1) Sohu.com, Inc., a U.S. corporation, of Delaware, U.S. (“ Party A ”),
(2) Wang Xin, a PRC citizen whose ID number is 110108197111105483 and residential address is 14, Chaoyangmen South
Avenue, Chaoyang District, Beijing, PRC (“ Party B ”)
(individually a “ Party ” and together the “ Parties ”).
1. Definitions and Interpretations
2. Amount and Repayment of the Loan
3. Undertakings and Warranties of Party B
5. Share Pledge
6. Events of Default
7. Loan Conversion
Appendix: Form of Assignment Agreement
A. Party B wish to acquire 80% of the shares of Beijing Heng Da Yi Tong Digital Network Technology Co., Ltd., (the Domestic
Company) in Beijing, PRC.
B. The Domestic Company is and will continue to engaged in the business of providing value-added telecommunication
services in the PRC (the “Business”).
C. Party B wishes to borrow the amount specified in Article 2.1 below (the “ Loan ”) from Party A, and Party A has agreed to
provide the Loan to Party B on an interest-free basis, for the sole purpose of financing the acquisition of the shares of the
Domestic Company and developing the Domestic Company’s business, which shall specifically include the entering into
of a series of agreements with Party A and its Affiliates (as defined below).
NOW, THEREFORE, the Parties agree as follows:
D. As security for the Loan and their performance of this Agreement, Party B has agreed to pledge her portion of the equity
interest in the Domestic Company (the “ Shares ”) to Party A.