Equity Pledge Agreement
This Equity Pledge Agreement (this “Agreement”) is made and entered into as of September 28, 2006 by and among:
Pledgee: AutoNavi Information Technology Co., Ltd.
Address: Room 2, 16/F Daheng Scitech Mansion, 3 Suzhou Street, Haidian District, Beijing
Hou Jun: a Chinese citizen whose ID number is and address is at 119, Shangxie Street, Xuanwu District, Beijing;
Tang Xiyong: a Chinese citizen whose ID number is and address is at Room 502, Unit 1, Building 31, Bajiaobeili,
Shijingshan District, Beijing
The Pledgors, i.e. Hou Jun and Tang Xiyong holds 100% equity interests in Beijing MapABC Technology Co., Ltd.
(“MapABC”). MapABC is a company registered in Beijing of China carrying out its business activities within the
approved scope of business.
The Pledgee is a wholly foreign owned enterprise registered in Beijing of China engaging in the business of research and
development, computer software production, system integration, technology training, and consulting service according
to law with the approval of the relevant Chinese governmental authorities. The Pledgee and MapABC have entered into
Exclusive Technology Consulting and Service Agreement and Know-how License Agreement on September [ ], 2006
(the “Business Agreements” collectively);
In order to ensure that the Pledgee can receive technology consulting and service fee normally from MapABC owned by
the Pledgors, the Pledgors pledge the entire 100% equity interests held by them in MapABC as a security for the payment
of the consulting service fee and know-how license fee under the Business Agreements.
For the purpose of performing the terms of the Business Agreements, the Pledgors and the Pledgee agree to enter into
this Agreement on the terms and conditions specified below.
Except as otherwise stipulated herein, the following terms shall have the following meanings: