EX-10.39



 Exhibit 10.39 

EXECUTION COPY 
 AMENDED AND
RESTATED INTELLECTUAL PROPERTY LICENSE 
 AND 

SOFTWARE TECHNOLOGY SERVICES AGREEMENT 

by and among 
 ALIBABA GROUP
HOLDING LIMITED, 

浙江蚂蚁小微金融服务集团有限公司 

(ZHEJIANG ANT SMALL AND MICRO FINANCIAL SERVICES GROUP CO., LTD.), 

and 

支付宝(中国)网络技术有限公司 

(ALIPAY.COM CO., LTD.), 
 Dated as
of August 12, 2014 







 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	 ARTICLE I

DEFINITIONS AND CONSTRUCTIONS
	   
   

			
	 Section 1.1
	 	Definitions	  	 	2	  
	 Section 1.2
	 	Cross-Reference of Other Definitions	  	 	13	  
	 Section 1.3
	 	Construction	  	 	15	  
	 Section 1.4
	 	Exhibits	  	 	16	  
	
	 ARTICLE II

LICENSE GRANTS
	   
   

			
	 Section 2.1
	 	Alipay-Exclusive IP and New FIG Business-Exclusive IP	  	 	16	  
	 Section 2.2
	 	Alipay-Related IP and New FIG Business-Related IP	  	 	18	  
	 Section 2.3
	 	Alibaba Delivery Obligation	  	 	19	  
	 Section 2.4
	 	Sublicensing	  	 	19	  
	 Section 2.5
	 	Restrictions	  	 	22	  
	 Section 2.6
	 	Use of Trademarks	  	 	22	  
	 Section 2.7
	 	Grant Back	  	 	24	  
	 Section 2.8
	 	No Other Grant	  	 	25	  
	 Section 2.9
	 	Injunctive Relief	  	 	25	  
	
	 ARTICLE III

SERVICES
	   
   

			
	 Section 3.1
	 	Performance of Software Technology Services	  	 	25	  
	 Section 3.2
	 	Reports	  	 	26	  
	 Section 3.3
	 	Alipay Responsibilities	  	 	26	  
	 Section 3.4
	 	No Further Obligations	  	 	26	  
	
	 ARTICLE IV

OWNERSHIP
	   
   

			
	 Section 4.1
	 	Licensed IP	  	 	26	  
	 Section 4.2
	 	Alipay IT Materials	  	 	26	  
	 Section 4.3
	 	Ownership of Enhancements	  	 	27	  
	 Section 4.4
	 	New Patents, Trademarks and Domain Names	  	 	27	  
	 Section 4.5
	 	Alipay Materials	  	 	29	  
	
	 ARTICLE V

FEES AND PAYMENT
	   
   

			
	 Section 5.1
	 	Royalties and Other Amounts for Licensed IP	  	 	29	  
	 Section 5.2
	 	Fees and Expenses for Software Technology Services	  	 	30	  


  
 i 









							
	 Section 5.3
	 	Royalty Reporting and Payment Terms	  	 	31	  
	 Section 5.4
	 	Taxes	  	 	32	  
	 Section 5.5
	 	Books and Records; Audit Rights	  	 	33	  
	 Section 5.6
	 	Disputed Royalty or Charges	  	 	34	  
	 Section 5.7
	 	Alibaba Independent Committee	  	 	34	  
	 Section 5.8
	 	Income Share Buyout Amount	  	 	34	  
	
	 ARTICLE VI

INTELLECTUAL PROPERTY PROSECUTION AND ENFORCEMENT
	   
   

			
	 Section 6.1
	 	IP Prosecution and Registration	  	 	34	  
	 Section 6.2
	 	Patent Enforcement	  	 	36	  
	
	 ARTICLE VII

WARRANTIES
	   
   

			
	 Section 7.1
	 	Limited Software Technology Services Warranty	  	 	39	  
	 Section 7.2
	 	Alipay-Exclusive IP and New FIG Business-Exclusive IP Warranty	  	 	39	  
	 Section 7.3
	 	Warranty Disclaimer	  	 	39	  
	
	 ARTICLE VIII

INDEMNIFICATION
	   
   

			
	 Section 8.1
	 	Purchaser Indemnification of Alibaba	  	 	40	  
	 Section 8.2
	 	Indemnification Procedures	  	 	40	  
	
	 ARTICLE IX

CONFIDENTIALITY
	   
   

			
	 Section 9.1
	 	Confidential Information	  	 	42	  
	 Section 9.2
	 	Permitted Disclosures	  	 	42	  
	 Section 9.3
	 	Disclosure in Compliance With Law	  	 	43	  
	 Section 9.4
	 	Restricted Data	  	 	43	  
	 Section 9.5
	 	Confidentiality of the Licensed IP	  	 	43	  
	 Section 9.6
	 	Residuals	  	 	43	  
	
	 ARTICLE X

LIMITATION OF LIABILITY
	   
   

			
	 Section 10.1
	 	Limitation of Liability	  	 	44	  
	
	 ARTICLE XI

NO EFFECT ON TRANSFEREE’S SEPARATE INTELLECTUAL PROPERTY RIGHTS
	   
   

			
	 Section 11.1
	 	No Effect on Acquirer’s Separate Intellectual Property Rights	  	 	44	  


  
 ii 









							
	
	 ARTICLE XII

COMPLIANCE WITH LAWS
	   
   

			
	 Section 12.1
	 	Compliance with Laws	  	 	45	  
	
	 ARTICLE XIII

TERM AND TERMINATION
	   
   

			
	 Section 13.1
	 	Term	  	 	45	  
	 Section 13.2
	 	Termination by Alibaba for Purchaser Bankruptcy	  	 	45	  
	 Section 13.3
	 	No Termination by Purchaser	  	 	45	  
	 Section 13.4
	 	Injunctive Relief	  	 	46	  
	 Section 13.5
	 	Non-payment	  	 	46	  
	 Section 13.6
	 	Effects of Termination	  	 	46	  
	 Section 13.7
	 	Survival	  	 	46	  
	
	 ARTICLE XIV

OBLIGATION OF THE PARTIES REGARDING SUBSIDIARIES
	   
   

			
	 Section 14.1
	 	Obligations of the Parties Regarding Subsidiaries	  	 	47	  
	
	 ARTICLE XV

GENERAL
	   
   

			
	 Section 15.1
	 	Relationship of the Parties as Independent Contractors	  	 	47	  
	 Section 15.2
	 	Alipay IP/Technology Providers Addenda	  	 	48	  
	 Section 15.3
	 	Notices	  	 	48	  
	 Section 15.4
	 	Headings	  	 	50	  
	 Section 15.5
	 	Counterparts and Exchanges by Electronic Transmission or Facsimile	  	 	50	  
	 Section 15.6
	 	Arbitration	  	 	50	  
	 Section 15.7
	 	Governing Law	  	 	52	  
	 Section 15.8
	 	Assignment	  	 	52	  
	 Section 15.9
	 	No Assignment of Alipay-Exclusive IP	  	 	52	  
	 Section 15.10
	 	Remedies Cumulative; Specific Performance	  	 	52	  
	 Section 15.11
	 	Change of Control	  	 	53	  
	 Section 15.12
	 	Waiver	  	 	53	  
	 Section 15.13
	 	Amendments	  	 	53	  
	 Section 15.14
	 	Severability	  	 	54	  
	 Section 15.15
	 	Entire Agreement	  	 	54	  
	 Section 15.16
	 	English Language Only	  	 	54	  
	 Section 15.17
	 	Further Assurances	  	 	54	  
	 Section 15.18
	 	Disclosure	  	 	55	  


  
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 AMENDED AND RESTATED INTELLECTUAL PROPERTY LICENSE 

AND 
 SOFTWARE TECHNOLOGY
SERVICES AGREEMENT 
 THIS AMENDED AND RESTATED INTELLECTUAL PROPERTY LICENSE AND SOFTWARE TECHNOLOGY SERVICES AGREEMENT (this “Amended
IPLA”), dated as of August 12, 2014 (the “Effective Date”), is entered into by and among: 
 (1) ALIBABA Group
Holding Limited, a Cayman Island registered company (“Alibaba”); 
 (2)
浙江蚂蚁小微金融服务集团有限公司 (Zhejiang Ant Small and Micro Financial Services Group Co., Ltd.), a limited liability company organized under the Laws
of the PRC (“Purchaser”); and 
 (3)
支付宝(中国)网络技术有限公司 (Alipay.com Co., Ltd.), a limited liability company organized under the Laws of the PRC (“Alipay”). 

The parties hereto are referred to collectively as the “Parties.” 

RECITALS 
 WHEREAS, Alipay was formerly a
Subsidiary (defined below) of Alibaba, during which time technology and other intellectual property necessary or useful for the operation of the Alipay Business (as defined herein) were developed by Alibaba and its Subsidiaries, including Alipay;

 WHEREAS, Purchaser now owns all of the equity of Alipay; 

WHEREAS, Alibaba, Purchaser, Alipay and certain other parties previously entered into that certain Framework Agreement dated as of July 29, 2011, as
amended (the “Framework Agreement”), setting forth such parties’ agreements as to Alipay’s continued operation of the Alipay Business (which was referred to as the “Business” in the Framework Agreement) and other
matters; and 
 WHEREAS, in connection with the Framework Agreement, Alibaba and Alipay entered into that certain Intellectual Property License and Software
Technology Services Agreement dated as of July 29, 2011 (the “IPLA”), pursuant to which Alibaba, on behalf of itself and its Subsidiaries, licensed to Alipay (which was referred to as “Opco” therein) certain
technology and other intellectual property and performed various software technology services for Alipay and its Subsidiaries; and 
 WHEREAS, the Parties
are also parties to the Transaction Agreement (defined below), pursuant to which the Framework Agreement is to be terminated; and 
 WHEREAS, the
Transaction Agreement provides that, concurrently with the execution of the Transaction Agreement, the IPLA shall be amended and restated; and 

  
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 WHEREAS, the Parties desire to amend and restate the IPLA in its entirety as set forth in this Amended IPLA. 

NOW, THEREFORE, in consideration of the foregoing and the representations, warranties, covenants and agreements contained herein and for other good and
valuable consideration, the receipt and adequacy of which are acknowledged, the Parties, intending to be legally bound, hereby agree that the IPLA is amended and restated in its entirety as follows: 

ARTICLE I 
 DEFINITIONS
AND CONSTRUCTIONS 
 Section 1.1 Definitions. As used herein, the following terms shall have the following meanings: 

“2011 Commercial Agreement” means the Commercial Agreement, dated as of July 29, 2011, currently in place among Alibaba,
Purchaser and Alipay, as amended. 
 “Affiliate” means, with respect to any specified Person, any other Person who,
directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such specified Person; provided that, for the purposes of this definition, “control” (including with
correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. For the avoidance of doubt, Affiliates of a Person include Subsidiaries of such Person. 

“Alibaba Business” means the businesses of Alibaba and its Subsidiaries (excluding, for the avoidance of doubt, the FIG
Holdco Business) from time to time (together with any and all logical extensions of the business of Alibaba and its Subsidiaries). 

“Alibaba Group” means Alibaba and its Subsidiaries. 

“Alibaba Independent Committee” has the meaning ascribed to that term in the Transaction Agreement. 

“Alibaba IT (A50)” means 阿里巴巴 (中国)有限公司 (Alibaba (China)
Co. Ltd.), the corporation known to the Parties as of the Effective Date as A50 and a wholly-owned Subsidiary of Alibaba. 

“Alibaba Services (A05)” means Alibaba Group Services Limited, a company incorporated in the Cayman Islands and commonly
known to the Parties as of the Effective Date as A05 and a wholly-owned subsidiary of Alibaba, or one or more other Subsidiaries of Alibaba that may be designated by Seller from time to time to license the New FIG Business-Exclusive IP and the New
FIG Business-Related IP. 

  
 2 








 “Alipay Business” means the business of providing payment and escrow services,
including: the provision of payment accounts, processing, clearing, settlement, network and merchant acquisition services; pre-paid, credit or debit cards or accounts; escrow accounts and processing; and cash on delivery services, whether
provided through online, mobile, electronic or physical means. 
 “Alipay Business Product” means any product or
service solely within the Alipay Business offered by Alipay and its Subsidiaries to its customers. 
 “Alipay-Exclusive
Copyrights” means the Copyrights solely in the Alipay-Exclusive Software or the Alipay-Exclusive Other Materials. 

“Alipay-Exclusive Domain Names” means the Domain Names registered in the name of Alibaba or a Subsidiary of Alibaba that are
set forth in Exhibit B, and any Domain Name that is a New Alipay Trademark/Domain Name registered or applied for in the name of Alibaba during the Term pursuant to Section 4.4 and that is added to Exhibit B, in each case that
relate solely to the Alipay Business. 
 “Alipay-Exclusive IP” means, collectively, the Alipay-Exclusive Copyrights, the
Alipay-Exclusive Software, the Alipay-Exclusive Other Materials, the Alipay-Exclusive Patents, the Alipay-Exclusive Trademarks and the Alipay-Exclusive Domain Names. 

“Alipay-Exclusive Other Materials” means documentation, promotional materials, handbooks, and other copyrightable materials
(other than software code) relating solely to the Alipay Business as of the Effective Time, owned by Alibaba or a Subsidiary of Alibaba and not used in the business of, and not in the possession of, Alibaba or any of its Subsidiaries (other than
Alipay IT Company (Z53) and its Subsidiaries) at any time between January 1, 2009 and the Effective Time, as well as other documentation, promotional materials, handbooks, and other copyrightable materials (other than software code) authored
solely by Dedicated Employees, or by Dedicated Employees and employees or Permitted Subcontractors of Alipay and its Subsidiaries, during the IPLA Period or during the term of this Amended IPLA in the course of the Dedicated Employees’
providing the Software Technology Services under the IPLA or under this Amended IPLA and relating solely to the Alipay Business. Notwithstanding the foregoing, Alipay-Exclusive Other Materials does not include any Stage 1 Retained IP (which Stage 1
Retained IP will be licensed to Alibaba as and to the extent set forth in the Cross-License Agreement to be executed in connection with its assignment by Alibaba to FIG Holdco pursuant to Section 2.2 of the Transaction Agreement) or SME Loan
Know-How. 
 “Alipay-Exclusive Patents” means: 

(i) the Patents owned by Alibaba set forth in Exhibit C that are based on inventions made solely by employees of Alipay and its
Subsidiaries, Alipay IT Company (Z53), and/or any of their Subsidiaries; 
 (ii) any Patent owned by Alibaba issuing during the Term that
claims an effective filing date based upon any of the Patents described in the foregoing clause (i), but only those claims in any such subsequently issuing Patent that are fully supported by the disclosure of one or more of the Patents
described by the foregoing clause (i); 

  
 3 








 (iii) any Patent issuing during the Term based on any invention made solely by Dedicated
Employees during the IPLA Period or during the Term of this Amended IPLA in the course of providing the Software Technology Services under the IPLA or under this Amended IPLA and relating solely to the Alipay Business; 

(iv) any New Alipay Patent issuing during the Term based on any invention made solely by employees or contractors of Purchaser and/or a
Purchaser Subsidiary and assigned to Alibaba pursuant to Section 4.4; 
 (v) any Patent issuing during the Term based on any invention
made jointly by Dedicated Employees during the IPLA Period or during the Term of this Amended IPLA in the course of providing the Software Technology Services under the IPLA or under this Amended IPLA and at least one employee or contractor of
Alipay or an Alipay Subsidiary; and 
 (vi) any Patent issuing during the Term based on any invention relating to the FIG Holdco Business
developed by Alibaba or a Subsidiary of Alibaba solely on behalf of Purchaser or a Subsidiary of Purchaser pursuant to a separate written development agreement that may be entered into between Alibaba or its Subsidiary and Purchaser or its
Subsidiary pursuant to which (a) Purchaser or its Subsidiary funds the development of the invention claimed in such Patent and (b) Alibaba or its Subsidiary and Purchaser or its Subsidiary agree that the applicable Patent is to be assigned
by Alibaba to Alipay Hong Kong (as defined in the Transaction Agreement) or to another wholly owned Subsidiary of the Purchaser designated by Purchaser together with the other Alipay-Exclusive Patents. 

Notwithstanding the foregoing, Alipay-Exclusive Patents do not include any Stage 1 Retained IP (which Stage 1 Retained IP will be licensed to Alibaba as and
to the extent set forth in the Cross-License Agreement to be executed in connection with its assignment by Alibaba to FIG Holdco pursuant to Section 2.2 of the Transaction Agreement) or SME Loan Know-How. 

“Alipay-Exclusive Software” means the software programs, in Source Code and Object Code form, (i) set forth in
Exhibit A relating solely to the Alipay Business as of the Effective Time that are owned by Alibaba, Alipay IT Company (Z53) or their respective Subsidiaries and not used in the business of, and not in the possession of, Alibaba or any of its
Subsidiaries (other than Alipay IT Company (Z53) and its Subsidiaries) at any time between January 1, 2009 and the Effective Time, (ii) any new software code, authored solely by Dedicated Employees, or by Dedicated Employees and employees
or Permitted Subcontractors of Alipay and its Subsidiaries, during the IPLA Period or during the Term of this Amended IPLA in the course of the Dedicated Employees’ providing the Software Technology Services under the IPLA or under this Amended
IPLA and that is used solely in the Alipay Business and set forth in or added to Exhibit A. Notwithstanding the foregoing, Alipay-Exclusive Software does not include any Stage 1 Retained IP (which Stage 1 Retained IP will be licensed to
Alibaba as and to the extent set forth in the Cross-License Agreement to be executed in connection with its assignment by Alibaba to FIG Holdco pursuant to Section 2.2 of the Transaction Agreement) or SME Loan Know-How. 

“Alipay-Exclusive Trademarks” means the Trademarks owned by Alibaba or its Subsidiaries as of the Effective Time or during
the IPLA Period that are set forth in Exhibit D, and any Trademark that is a New Alipay Trademark/Domain Name registered or applied for in the name of Alibaba during the Term pursuant to Section 4.4 that is added to Exhibit D, in
each case that relate solely to the Alipay Business. 

  
 4 








 “Alipay Group” means, collectively, Alipay and its Subsidiaries, Alipay IT
Company (Z53) and its Subsidiaries, and any of Purchaser or its Subsidiaries (other than Alipay, Alipay IT Company and their respective Subsidiaries) engaged in the Alipay Business. 

“Alipay IP/Technology Provider” means Alibaba IT (A50) . 

“Alipay IT Company (Z53)” means支付宝 (中国)信息
技术有限公司 Alipay (China) Information Technology Co. Ltd., a limited company known to the Parties as of the Effective Date as Z53 and a wholly-owned Subsidiary of Alibaba. 

“Alipay Non-Core IP” means software programs and other materials owned or licensable by Purchaser and its Subsidiaries of
which copies (in Source Code or Object Code form) (i) are held by Alibaba or its Subsidiaries (other than Alipay IT Company (Z53) and its Subsidiaries) on or before the Effective Date, or (ii) are provided by Purchaser or its Subsidiaries
(including Alipay and/or Alipay IT Company (Z53)) to Alibaba or its Subsidiaries (other than Alipay IT Company (Z53) and its Subsidiaries) during the Term, but in either (i) or (ii), does not include software programs and related materials that
are at the core of the FIG Holdco Business of Purchaser and its Subsidiaries, provided that the foregoing shall not exclude from the “Alipay Non-Core IP” any software or other materials that, prior to the Effective Date, constituted
“Opco Non-Core IP” pursuant to the IPLA. 
 “Alipay Qualified IPO” has the meaning ascribed to that term in the
Transaction Agreement. 
 “Alipay-Related Copyrights” means the Copyrights, other than the Alipay-Exclusive Copyrights,
owned by Alibaba IT (A50) or its Subsidiaries in the Alipay-Related Software and Alipay-Related Other Materials. 
 “Alipay-Related
IP” means, collectively, the Alipay-Related Copyrights, the Alipay-Related Software, the Alipay-Related Other Materials, and the Alipay-Related Patents. 

“Alipay-Related Other Materials” means any documentation, promotional materials, handbooks, data, and other materials, other
than the Alipay-Exclusive Other Materials, that are owned by Alibaba, Alibaba IT (A50) or their Subsidiaries as of the Effective Date and that are used in or necessary for the operation of the Alipay Business as of the Effective Date. 

“Alipay-Related Patents” means the Patents, other than the Alipay-Exclusive Patents, (i) owned by Alibaba or an Alibaba
Subsidiary as of the Effective Date that are used in or necessary for the operation of the Alipay Business, or (ii) filed by Alibaba or an Alibaba Subsidiary during the Term that are used in or necessary for the operation of the Alipay
Business. 
 “Alipay-Related Software” means (i) the software programs set forth in Exhibit G that are owned by
Alibaba IT (A50) as of the Effective Date, and (ii) any bug fixes, error corrections, updates and upgrades (including improvements) to the software programs set forth in clause (i) authored by employees or contractors of Alibaba IT (A50)
or its Subsidiaries (or owned by Alibaba IT (A50) or its Subsidiaries) that Alibaba or its Subsidiaries deploy generally for use by Alibaba or its Subsidiaries during the Term. 

  
 5 








 “Alipay Software Ltd. (Z52)” means
支付宝软件(上海)有限公司 (Alipay Software (Shanghai) Co. Ltd.), the corporation known to the Parties as of the Effective Date as Z52 and a wholly owned subsidiary of Alipay IT Company
(Z53). 
 “Amended Shared Services Agreement” has the meaning ascribed to that term in the Transaction Agreement. 

“Beneficial Owner” of any security means any Person who, directly or indirectly, through any Contract, arrangement,
understanding, relationship or otherwise has or shares (i) voting power, which includes the power to vote, or to direct the voting of, such security; and/or (ii) investment power which includes the power to dispose, or to direct the
disposition of, such security. “Beneficially Own” and “Beneficial Ownership” shall have correlative meanings. 

“Closing” has the meaning ascribed to that term in the Transaction Agreement. 

“Contract” means any loan or credit agreement, bond, debenture, note, mortgage, indenture, lease, supply agreement, license
agreement, development agreement or other contract, agreement, obligation, commitment or instrument, including all amendments thereto. 

“Cross-License Agreement” has the meaning ascribed to that term in the Transaction Agreement. 

“Data Sharing Agreement” means the Data Sharing Agreement between Alibaba and Purchaser dated as of the date hereof. 

“Dedicated Employees” means any employees of Alipay IT Company (Z53) and its Subsidiaries that, in each case, were dedicated
under the IPLA or are dedicated under this Amended IPLA on a full-time basis solely to the provision of the Software Technology Services and other technologies under the IPLA or under this Amended IPLA, in each such case to the extent that:
(i) such employees are employed by Alipay IT Company (Z53) or any of its Subsidiaries, (ii) Alipay IT Company (Z53) and its Subsidiaries remain entities that are legally distinct from Alibaba and its other Subsidiaries, (iii) Alipay
IT Company (Z53) and its Subsidiaries are under management separate and independent from the management of Alibaba and its other Subsidiaries (provided that the fact that a limited number of executives hold positions in both Alipay IT Company (Z53)
and Alibaba will not, of itself, mean that management is not separate and independent), (iv) Alipay IT Company (Z53) and its Subsidiaries occupy premises physically distinct from those of Alibaba and its other Affiliates, (v) Alipay IT
Company (Z53)’s and its Subsidiaries’ networks, electronic and physical document storage and email and similar systems remain segregated from those of Alibaba and its other Affiliates (other than systems used by Alibaba or its Affiliates
to provide the Alibaba Services (as defined in the Shared Services Agreement and the Amended Shared Services Agreement) pursuant to the Shared Services Agreement and the Amended Shared Services Agreement), and (vi) Alipay IT Company (Z53) and
its Subsidiaries remain solely dedicated to the provision of Software Technology Services and other technologies to the Purchaser Group, the results of which Software Technology Services, and which other technologies, are not provided to Alibaba or
any of its Subsidiaries, other than Alipay IT Company (Z53) and its Subsidiaries (provided that, for clarity, for purposes of this clause (vi), the use of such results and other technologies by the Alipay Group in providing Services (as defined in
the 2011 Commercial Agreement) to Alibaba or its Subsidiaries under the 2011 Commercial Agreement shall not be deemed to be the provision of such results of Software Technology Services and other technologies). “Dedicated Employees” also
means individual contractors of Alipay IT Company (Z53) and its Subsidiaries to the extent that such contractors, and Alipay IT Company (Z53) and the Subsidiaries engaging them, meet the foregoing criteria for Dedicated Employees, except that
(A) such contractors are engaged as contractors, rather than employees, of Alipay IT Company (Z53) and its Subsidiaries and (B) such contractors will not be disqualified from meeting the requirement of being dedicated on a full-time basis
solely to the provision of the Software Technology Services and other technologies hereunder merely because they engage in unrelated work for clients that are not Related Parties of Alibaba, Alipay, Purchaser or their Affiliates. 

  
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 “Effective Time” means the time and date on which the “Closing” (as
defined in the Framework Agreement) occurred under the Framework Agreement. 
 “Encumbrance” means any charge, claim,
mortgage, lien, option, pledge, title defect, security interest or other restriction or limitation of any kind (other than those created under applicable securities Laws). 

“Equity Securities” means, with respect to any entity, any equity interests of such entity, however described or whether
voting or nonvoting, and any securities convertible or exchangeable into, and options, warrants or other rights to acquire, any equity interests or equity-linked interests of such entity, including, for the avoidance of doubt, Purchaser Equity where
the subject entity is the Purchaser. 
 “Family Member” means any child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law of a person, and shall include adoptive relationships of the same type. 

“FIG Holdco Business” means (i) the provision and distribution of credit (including providing loans, factoring,
guarantees and loan servicing) and insurance; (ii) the provision of investment management and banking services (including capital markets advice, deposit services, custody services, trust services and other financial advisory services);
(iii) payment transaction processing and payment clearing services for third parties (including issuance of physical, virtual, online or mobile credit, debit or stored value cards, operation of payment networks, and acquisition of merchants for
rendering payment services); (iv) leasing, lease financing and related services; (v) trading, dealing and brokerage with respect to foreign exchange and financial instruments, including securities, indebtedness, commodities futures,
derivatives, and currencies; (vi) distribution of securities, commodities, funds, derivatives and other financial products (including trading and brokerage services with respect to the same); and (vii) provision of credit ratings and
credit profiles and reports. For the avoidance of doubt, FIG Holdco Business includes the Alipay Business. 
 “Governmental
Authority” means any instrumentality, subdivision, court, administrative agency, commission, official or other authority of any country, state, province, prefect, municipality, locality or other government or political subdivision thereof,
or any stock or securities exchange, or any multi-national, quasi-governmental or self-regulatory or private body exercising any regulatory, taxing, importing or other governmental or quasi-governmental authority. 

  
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 “Highly Sensitive Information” means information confidential to Purchaser,
Alipay, Alipay IT Company (Z53) or each of their Subsidiaries in the following categories: (i) user data, including Personal Information, that is not anonymized or aggregated; and (ii) algorithms, Source Code, Object Code, specifications,
and technical documentation regarding system security, fraud and abuse protection systems and detection of illegal or unusual activities that, in each case, relate primarily to the FIG Holdco Business. “Highly Sensitive Information” shall
not, however, include any information which: (a) is or becomes commonly known within the public domain other than by breach of this Amended IPLA or any other agreement that Purchaser, Alipay, Alipay IT Company (Z53), Alipay Service (A05),
Alibaba IT (A50) or any of their Subsidiaries has with any Person; (b) is obtained from a third Person (other than Purchaser, Alipay, Alipay IT Company (Z53) or any of their Subsidiaries) who is lawfully authorized to disclose such information
free from any obligation of confidentiality; (c) is independently developed without reference to or use of any Highly Sensitive Information; or (d) is known to Alibaba or any of its Subsidiaries (other than Alipay IT Company (Z53) or any
of its Subsidiaries) without any obligation of confidentiality prior to its receipt from Purchaser, Alipay, Alipay IT Company (Z53) or any of their Subsidiaries. 

“Income Share Buyout Event” means any Issuance occurring as a result of any of a Pre-QIPO Issuance Event, or a Post-QIPO
Issuance Event, in each case, as defined in the Transaction Agreement. 
 “Intellectual Property Rights” means all rights
of the following types, which may exist or be created under the Laws of any jurisdiction in the world: 
 (i) rights associated with works of
authorship, including exclusive exploitation rights, copyrights and moral rights, and all extensions, renewals, registrations and applications therefor (“Copyrights”); 

(ii) rights in trademarks, trade names, service marks, service names and similar rights, and all registrations and applications therefor, as
well as and all goodwill embodied therein (“Trademarks”); 
 (iii) rights in domain names and uniform resource locators, and
all registrations and applications therefor (“Domain Names”); 
 (iv) trade secret rights (“Trade
Secrets”); 
 (v) patents and patent applications, including any continuations, divisions, reissues, and reexaminations, and other
industrial property rights (“Patents”); and 
 (vi) all other proprietary rights in Technology. 

“IPLA Period” means the period beginning upon the Effective Time and ending upon the date hereof. 

  
 8 








 “IPO Retained IP Transfer” has the meaning ascribed to that term in the
Transaction Agreement. 
 “Laws” means any federal, state, territorial, foreign or local law, common law, statute,
ordinance, rule, regulation, code, measure, notice, circular, opinion or executive order of any Governmental Authority. 
 “Licensed
IP” means, collectively, the Alipay-Exclusive IP, New FIG Business-Exclusive IP, Alipay-Related IP, and New FIG Business-Related IP. 

“Liquidity Event” has the meaning ascribed to that term in the Transaction Agreement. 

“Liquidity Event Payment” has the meaning ascribed to that term in the Transaction Agreement. 

“New FIG Business” means the FIG Holdco Business other than the Alipay Business as conducted by Purchaser and its
Subsidiaries other than Alipay and its Subsidiaries. 
 “New FIG Business Product” means any product or service solely
within the New FIG Business offered by Purchaser and its Subsidiaries, other than Alipay and its Subsidiaries, to its customers. For clarity, the term “New FIG Business Product” excludes Alipay Business Products. 

“New FIG Business-Exclusive Domain Names” means the Domain Names relating solely to the New FIG Business as of the Effective
Date owned by Alibaba or a Subsidiary Licensor that are set forth on Exhibit I. 
 “New FIG Business-Exclusive IP” means,
collectively, the New FIG Business-Exclusive Domain Names, New FIG Business-Exclusive Patents, and New FIG Business-Exclusive Trademarks. 

“New FIG Business-Exclusive Patents” means the Patents relating solely to the New FIG Business as of the Effective Date owned
by Alibaba or a Subsidiary Licensor that are set forth on Exhibit J. 
 “New FIG Business-Exclusive Trademarks” means the
Trademarks relating solely to the New FIG Business as of the Effective Date owned by Alibaba or a Subsidiary Licensor that are set forth on Exhibit K. 

“New FIG Business-Related Copyrights” means the Copyrights owned by Alibaba or its Subsidiaries in the New FIG
Business-Related Other Materials. 
 “New FIG Business-Related IP” means, collectively, the New FIG Business-Related
Copyrights, the New FIG Business-Related Other Materials, and the New FIG Business-Related Patents. 
 “New FIG Business-Related
Other Materials” means any documentation, promotional materials, handbooks, data, and other materials, excluding software, that are owned by Alibaba or its Subsidiaries as of the Effective Date and that are used in or necessary for the
operation of the New FIG Business as of the Effective Date. 

  
 9 








 “New FIG Business-Related Patents” means the Patents, other than the New FIG
Business-Exclusive Patents, (i) owned by Alibaba or an Alibaba Subsidiary as of the Effective Date that are used in or necessary for the operation of the New FIG Business, or (ii) filed by Alibaba or an Alibaba Subsidiary during the Term
that are used in or necessary for the operation of the New FIG Business. 
 “Object Code” means the fully compiled,
machine-readable version of a software program that can be executed by a computer and used by an end user without further compilation. 

“Opco IP/Technology Providers Addenda” means, collectively, (i) the agreement that was attached as Exhibit F to the IPLA and
executed as of December 14, 2011 by and between Alipay and 阿里巴巴 (中国) 有限公司 (Alibaba (China) Co., Ltd. (A50)) and (ii) the agreement that was attached as Exhibit F to the IPLA
and executed as of December 14, 2011 by and between Alipay and Alipay IT Company (Z53). 
 “Ownership Interest” has the
meaning ascribed to such term in the Transaction Agreement. 
 “Payor” means Purchaser or its designated Subsidiary, as
applicable, that pays the Alipay Royalty, the New FIG Royalty and/or the Software Technology Services Fee pursuant to the obligations of Article V. 

“Person” means an individual, a partnership, a corporation, an association, a limited liability company, a joint stock
company, a trust, a joint venture, an unincorporated organization, a group, a Governmental Authority or any other type of entity. 

“Personal Information” means any information that identifies, or could reasonably be used by or on behalf of the recipient of
such information to identify, any natural person as an individual, including names, addresses, bank or other account numbers, and national identification numbers, but excludes anonymized and aggregated information that cannot be used to identify any
Person or individual. 
 “PRC” means the People’s Republic of China (for the purpose of this Amended IPLA, not
including Hong Kong Special Administrative Region, Macao Special Administrative Region or Taiwan). 
 “Proceeding” means
any action, suit, claim, hearing, proceeding, arbitration, mediation, audit, inquiry or investigation (whether civil, criminal, administrative or otherwise) by any Person or Governmental Authority. 

“Providers Addendum” mean one or more agreements, in the forms mutually agreed to by the Parties hereto and when agreed to
attached hereto as Exhibit F, between Alibaba, Alibaba Services (A05), the Alipay IP/Technology Provider and/or a Subsidiary Licensor, on the one hand, and Purchaser and/or a Purchaser Subsidiary (including Alipay and/or an Alipay Subsidiary,
as applicable), on the other, whereby, as contemplated by this Amended IPLA, Alibaba, Alibaba Services (A05), the Alipay IP/Technology Provider and/or a Subsidiary Licensor grants to Purchaser or a Purchaser Subsidiary (including Alipay or an Alipay
Subsidiary, as applicable) a license to the Alipay-Exclusive IP, New FIG Business-Exclusive IP, Alipay-Related IP and New FIG Business-Related IP owned by Alibaba, the Alipay IP/Technology Provider and/or the Subsidiary Licensor. 

  
 10 








 “Purchaser Equity” means (a) if the Purchaser is in the form of a limited
liability company, registered capital of the Purchaser; or (b) if the Purchaser is in a form of a company limited by shares, shares of the Purchaser. 

“Purchaser Group” means, collectively, Purchaser and its Subsidiaries. 

“Purchaser Qualified IPO” has the meaning ascribed to that term in the Transaction Agreement. 

“Related Party” of any Person means: 

(a) any Person who, individually or as part of a group, Beneficially Owns more than five percent (5%) of the Securities of such Person,
determined on a fully-diluted basis, using the treasury stock method, 
 (b) any officer or director, or individual performing an equivalent
function, of such Person or any Person named in clause (a), 
 (c) any Family Member of any such Person or any Person named in clause
(a) or (b), or 
 (d) any other Person in which any Person named in clauses (a), (b) or (c) Beneficially Owns more than twenty
percent (20%) of the Securities of such Person, determined on a fully-diluted basis, using the treasury stock method. 

“Renminbi” means the lawful currency of the People’s Republic of China. 

“Retained IP” means the Intellectual Property Rights set forth on Schedule 2.02(b) of the Framework Agreement and all of the
Alipay-Exclusive IP and the New FIG Business-Exclusive IP. 
 “Securities” means any equity capital or equity security, and
rights, options or warrants or other Contracts to purchase any equity capital or equity security, and any equity capital or equity securities or Contracts of any type whatsoever that are, or may become, convertible into or exchangeable for such
equity capital or equity security or that derive value, in whole or in part, from any equity capital or equity security (including Swap Agreements), or represent the right to share in the profits, income or revenues of the relevant Person. 

“Seller Audit Committee” has the meaning ascribed to that term in the Transaction Agreement. 

“Services Termination Date” means the first date on which the Accrued Deposit Amount is equal to zero following the earliest
to occur of (i) completion of all potential transfers pursuant to Section 2.2(b)(i) of the Transaction Agreement, (ii) completion of an IPO Retained IP Transfer, (iii) a Liquidity Event and (iv) the written agreement of the
Purchaser and Alibaba (with approval of the Seller Audit Committee) to terminate the Software Technology Services and the licenses of the New FIG Business-Exclusive IP provided for herein. 

  
 11 








 “Shared Services Agreement” has the meaning ascribed to that term in the
Transaction Agreement. 
 “SME Loan” means a loan made by a lender in the small and medium enterprise financing market.

 “SME Loan Know-How” means all know-how and Copyrights of Alibaba and/or its Subsidiaries relating solely to the
management and operation of an SME Loan business as conducted by Zhejiang Alibaba Small Loan Co. Ltd., Chongqing Alibaba Small Loan Co., Ltd and/or Shangchen Finance Guarantee Co., Ltd. as of the date hereof, including the materials listed in
Exhibit H, in each case that will be transferred to Purchaser or a Subsidiary of Purchaser in connection with the Transfer of the SME Loan Know-How pursuant to Section 2.2(a) of the Transaction Agreement at the date hereof. 

“Source Code” means the human-readable version of a software program that can be compiled into Object Code, including
programmer’s notes and materials and documentation, sufficient to allow a reasonably skilled programmer to understand the design, logic, structure, functionality, operation and features of such software program and to use, operate, maintain,
modify, support and diagnose errors pertaining to such software program. 
 “Software Technology Services” means the
services described in Exhibit E, or as otherwise mutually agreed to in writing by the Parties. 
 “Stage 1 Retained
IP” has the meaning ascribed to that term in the Transaction Agreement. 
 “Subsidiary” means, with respect to any
Person, each other Person in which the first Person (i) Beneficially Owns or controls, directly or indirectly, share capital or other equity interests representing more than fifty percent (50%) of the outstanding voting stock or other
equity interests, (ii) holds the rights to more than fifty percent (50%) of the economic interest of such other Person, including interests held through a VIE Structure or other contractual arrangements, or (iii) has a relationship
such that the financial statements of the other Person may be consolidated into the financial statements of the first Person under applicable accounting conventions. For the avoidance of doubt, none of Purchaser or its Subsidiaries shall be deemed
to be Subsidiaries of Alibaba or any of its Subsidiaries for purposes of this Amended IPLA. 
 “Subsidiary Licensor” means
Alibaba Services (A05) or one or more other Subsidiaries of Alibaba that may be designated by Alibaba from time to time to license to Purchaser, or to one or more Subsidiaries of Purchaser designated by Purchaser, the New FIG Business-Exclusive IP
or the New FIG Business-Related IP. 
 “Swap Agreement” means any agreement with respect to any swap, hedge, forward,
future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or Securities, or economic, financial or pricing indices or measures of
economic, financial or pricing risk or value or any similar transaction or any combination of these transactions. 

  
 12 








 “Technology” means any or all of the following: 

(i) works of authorship including computer programs, whether in Source Code or Object Code, and whether embodied in software, firmware or
otherwise, documentation, designs, files, net lists, records and data; 
 (ii) inventions (whether or not patentable), improvements and
technology; 
 (iii) proprietary and confidential information, including technical data and customer and supplier lists, trade secrets and
know how; 
 (iv) databases, data compilations and collections and technical data; and 

(v) all instantiations of the foregoing in any form and embodied in any media. 

“Trademark Agreement” means the Trademark Agreement between Alibaba and Purchaser dated as of the date hereof. 

“Transaction Agreement” means the Share and Asset Purchase Agreement by and among Alibaba, Purchaser and certain other
parties named therein dated as of the date hereof. 
 “Transaction Documents” has the meaning ascribed to that term in the
Transaction Agreement. 
 “Transfer” means and includes any direct or indirect sale, assignment, Encumbrance,
hypothecation, pledge, conveyance in trust, gift, transfer by bequest, devise or descent, or other transfer or disposition of any kind, including transfers to receivers, levying creditors, trustees or receivers in bankruptcy Proceedings or general
assignees for the benefit of creditors, whether voluntary or by operation of Law, or by forward or reverse merger. 
 “VIE
Structure” means the investment structure in which a PRC-domiciled operating entity and its PRC shareholders enter into a number of Contracts with a non-PRC investor (or a foreign-invested enterprise incorporated in the PRC invested by the
non-PRC investor) pursuant to which the non-PRC investor achieves control of the PRC-domiciled operating entity and also consolidates the financials of the PRC-domiciled entity with those of the non-PRC investor. 

Section 1.2 Cross-Reference of Other Definitions. Each capitalized term listed below is defined in the corresponding Section of
this Amended IPLA: 
  

			
	 Term
	  	 Section

	 Accrued Deposit Amount
	  	5.3(b)
	 Accrued Excess Fee Amount
	  	5.3(c)
	 Adjusted Target Amount
	  	5.2
	 Alibaba

Alibaba Costs
	  	 Preamble
 5.2

	 Alibaba Indemnitees
	  	8.1
	 Alibaba Marks
	  	4.4(b)
	 Alipay
	  	Preamble
	 Alipay End Users
	  	2.4(c)    


  
 13 









			
	 Term
	  	 Section

	 Alipay-Exclusive Prosecution Function
	  	6.1(b)
	 Alipay IT Materials
	  	4.2
	 Alipay Materials
	  	3.3
	 Alipay-Retained IP
	  	2.7(a)
	 Alipay Royalty
	  	5.1(a)
	 Amended IPLA
	  	Preamble
	 Auditor
	  	5.5(b)
	 Claimant
	  	15.6(b)
	 Confidential Information
	  	9.1
	 Copyrights
	  	Within the definition of “Intellectual Property Rights”
	 Disclosing Party
	  	9.1
	 Domain Names
	  	Within the definition of “Intellectual Property Rights”
	 Effective Date
	  	Preamble
	 End User License
	  	2.4(c)
	 Enforcement Action

Fee/Royalty Sum
	  	 6.2(a)
 5.2

	 Framework Agreement
	  	Recitals
	 ICC
	  	15.6(a)
	 Income Share
	  	5.2
	 Income Share Buyout Amount
	  	5.8
	 Income Multiplier
	  	5.2
	 IPLA
	  	Recitals
	 IP Function Separation
	  	6.1(c)
	 Issuance Percentage
	  	5.2
	 Losses
	  	8.1
	 New Alipay Patents
	  	4.4(a)
	 New Alipay Trademark/Domain Name
	  	4.4(c)
	 New FIG Royalty
	  	5.1(b)
	 Parties
	  	Preamble
	 Patents
	  	Within the definition of “Intellectual Property Rights”
	 Payment Date
	  	5.3(a)
	 Permitted Subcontractors
	  	2.4(b)
	 Purchaser
	  	Preamble
	 Qualifying Infringement
	  	6.2(b)
	 R1
	  	5.1(a)
	 R2
	  	5.1(b)
	 Receiving Party
	  	9.1
	 Request
	  	15.6(b)
	 Residual Information
	  	9.6
	 Respondent
	  	15.6(b)
	 Right of Refusal
	  	6.2(c)


  
 14 









			
	 Term
	  	 Section

	 Similar Mark/Domain Name
	  	4.4(b)
	 Software Technology Services Fee
	  	5.2
	 Subcontractor Agreement
	  	2.4(b)
	 Sublicense Agreement
	  	2.4(a)
	 Subsidiary Sublicensee
	  	2.4(a)
	 Target Amount
	  	5.2
	 Term
	  	13.1
	 Third Party Claim
	  	8.2(a)
	 Trademarks
	  	Within the definition of “Intellectual Property Rights”
	 Trade Secrets
	  	Within the definition of “Intellectual Property Rights”
	 Transferee
	  	11.1

 Section 1.3 Construction. In this Amended IPLA, unless the context otherwise requires: 

(a) references in this Amended IPLA to “writing” or comparable expressions includes a reference to facsimile transmission or
comparable means of communication (but excluding email communications); 
 (b) words expressed in the singular number shall include the
plural and vice versa, and words expressed in the masculine shall include the feminine and neutral genders and vice versa; 
 (c) references
to Articles, Sections, Exhibits, Schedules and Recitals are references to articles, sections, exhibits, schedules and recitals of this Amended IPLA; 

(d) references to “day” or “days” are to calendar days; 

(e) references to this Amended IPLA or any other agreement or document shall be construed as references to this Amended IPLA or such other
agreement or document, as the case may be, as the same may have been, or may from time to time be, amended, varied, novated or supplemented from time to time; 

(f) a reference to a subsection without further reference to a Section is a reference to such subsection as contained in the same Section in
which the reference appears, and this rule shall also apply to paragraphs and other subdivisions; 
 (g) the table of contents to this
Amended IPLA and all section titles or captions contained in this Amended IPLA or in any Schedule or Exhibit annexed hereto or referred to herein are for convenience only and shall not be deemed a part of this Amended IPLA and shall not affect the
meaning or interpretation of this Amended IPLA; 

  
 15 








 (h) “include,” “includes” and “including” are deemed to be followed
by “without limitation” whether or not they are in fact followed by such words or words of similar import; 
 (i) the words
“herein,” “hereof,” “hereunder” and other words of similar import refer to this Amended IPLA as a whole and not to any particular provision; and 

(j) references to a Person are also to its permitted successors and assigns and, in the case of an individual, to his or her heirs and estate,
as applicable. 
 Section 1.4 Exhibits. The Exhibits to this Amended IPLA are incorporated into and form an integral part of
this Amended IPLA. 
 ARTICLE II 

LICENSE GRANTS 

Section 2.1 Alipay-Exclusive IP and New FIG Business-Exclusive IP. 

(a) Alipay-Exclusive IP. Subject to the terms and conditions of this Amended IPLA, Alibaba hereby grants to Alipay, and shall cause
Alipay IT (A50) to grant to Alipay or to one or more Subsidiaries of Alipay designated by Purchaser, pursuant to a Providers Addendum, the following worldwide, non-transferable and non-assignable (except pursuant to Section 15.8),
non-sublicensable (except pursuant to Section 2.4) rights and licenses during the Term: 
 (i) under the Alipay-Exclusive Patents it
owns, (a) to make, have made (subject to Section 2.4(e)), use, sell, offer for sale, import, export and otherwise commercialize Alipay Business Products solely in the course of conducting the Alipay Business, and (b) to make, have
made and use any device or process, in each case solely internally and solely in the course of conducting the Alipay Business; 
 (ii) under
the Alipay-Exclusive Trademarks it owns, and subject to Section 2.6, to use the Alipay-Exclusive Trademarks solely in connection with the sale, offer for sale, license and provision of Alipay Business Products in the course of conducting the
Alipay Business; 
 (iii) under the Alipay-Exclusive Domain Names it owns, to use the Alipay-Exclusive Domain Names solely in connection with
the sale, license, offer for sale or license and provision of Alipay Business Products in the course of conducting the Alipay Business; and 

(iv) under the Alipay-Exclusive Copyrights it owns, to reproduce, distribute, modify, prepare derivative works of, perform and display the
Alipay-Exclusive Software and Alipay-Exclusive Other Materials, solely in connection with the sale, offer for sale or license, license, making, using and provision of Alipay Business Products in the course of conducting the Alipay Business. 

  
 16 








 (b) New FIG Business Exclusive IP. Subject to the terms and conditions of this Amended
IPLA, Alibaba hereby grants to Purchaser, and shall cause a Subsidiary Licensor to grant to Purchaser or to one or more Subsidiaries of Purchaser designated by Purchaser (other than Alipay and its Subsidiaries), the following worldwide,
non-transferable and non-assignable (except pursuant to Section 15.8), non-sublicensable (except pursuant to Section 2.4) rights and licenses during the Term: 

(i) under the New FIG Business-Exclusive Patents it owns, (a) to make, have made (subject to Section 2.4(e)), use, sell, offer for
sale, import, export and otherwise commercialize New FIG Business Products solely in the course of conducting the New FIG Business, and (b) to make, have made and use any device or process, in each case solely internally and solely in the
course of conducting the New FIG Business; 
 (ii) under the New FIG Business-Exclusive Trademarks it owns, and subject to Section 2.6,
to use the New FIG Business-Exclusive Trademarks solely in connection with the sale, offer for sale, license and provision of New FIG Business Products in the course of conducting the New FIG Business; and 

(iii) under the New FIG Business-Exclusive Domain Names it owns, to use the New FIG Business-Exclusive Domain Names solely in connection with
the sale, license, offer for sale or license and provision of New FIG Business Products in the course of conducting the New FIG Business. 
 In the event
that Alibaba or its relevant Subsidiary Licensor determines that, for tax, regulatory or other reasons, a Providers Addendum (i) should be executed to confirm the grant of one or more of the licenses set forth in this Section 2.1(b) or
(ii) is necessary in order for Purchaser or its designated Subsidiary to comply with any of its payment obligations pursuant to Article V, then upon request of Alibaba, Alibaba and/or a Subsidiary Licensor, on the one hand, and Purchaser and/or
a Purchaser Subsidiary (other than Alipay and its Subsidiaries), on the other, shall promptly execute such Providers Addendum in a form mutually agreed between the executing parties, which Providers Addendum shall then be added to Exhibit F
of this Amended IPLA, and obtain all necessary authorizations or consents with respect to such Providers Addendum from applicable Governmental Authorities in order for each Party to obtain the full benefits of this Amended IPLA. For clarity, the
fact that a Providers Addendum may later be executed pursuant to this Section 2.1(b) shall not relieve Purchaser of any of its payment obligations hereunder with respect to the New FIG Royalty or any other payments. 

(c) The rights and licenses granted to Alipay pursuant to Section 2.1(a) and to Purchaser pursuant to Section 2.1(b) are exclusive to
the following (but only to the following) extent: 
 (i) The rights and licenses granted to Alipay pursuant to Section 2.1(a)(ii) and
(iii) and to Purchaser pursuant to Section 2.1(b)(ii) and (iii) are exclusive (even as to Alibaba and its Subsidiaries) throughout the world. 

  
 17 








 (ii) The exclusivity of the rights and licenses granted to Alipay pursuant to
Section 2.1(a)(i) and (iv) and to Purchaser pursuant to Section 2.1(b)(i) is co-extensive with, and in no case broader than, the scope of the activities that Alibaba and its Subsidiaries are expressly prohibited by Section 9.9(b)
of the Transaction Agreement from performing, but only if and to the extent that, and only for as long as, Alibaba and its Subsidiaries are so prohibited. The exclusivity of rights and licenses under Section 2.1(a)(i) and (iv) and under
Section 2.1(b)(i) shall not preclude Alibaba or its Subsidiaries from engaging in any activities not expressly prohibited by Section 9.9(b) of the Transaction Agreement, including engaging third Persons for the procurement or provision of
(and having such third Persons provide) services in accordance with Section 2.6 of the 2011 Commercial Agreement. Nonetheless, other than in connection with engaging such third Persons, Alibaba and its Subsidiaries shall not have the right to
grant to any third Person a license within the scope of Section 2.1(a)(i) or (iv) or Section 2.1(b)(i). For the avoidance of doubt, the foregoing shall not affect any obligations or rights of Alibaba or its Subsidiaries pursuant to
Section 9.9(b) of the Transaction Agreement. 
 Section 2.2 Alipay-Related IP and New FIG Business-Related IP. 

(a) Alipay-Related IP. Subject to the terms and conditions of this Amended IPLA, Alibaba hereby grants to Alipay, and shall cause its
relevant Subsidiaries to grant to Alipay, pursuant to a Providers Addendum, the following worldwide, non-exclusive, non-transferable and non-assignable, non-sublicensable (except pursuant to Section 2.4) rights and licenses during the Term:

 (i) under the Alipay-Related Patents it owns, (i) to make, have made (subject to Section 2.4), use, sell, offer for sale,
import, export and otherwise commercialize Alipay Business Products solely in the course of conducting the Alipay Business, and (ii) to make, have made and use any device or process, in each case solely internally and solely in the course of
conducting the Alipay Business; and 
 (ii) under the Alipay-Related Copyrights its owns, to (i) reproduce, distribute, modify, prepare
derivative works of, perform and display, in each case solely internally, the Alipay-Related Software and the Alipay-Related Other Materials, and (ii) to distribute, perform and display the Alipay-Related Software, solely in Object Code format,
and the Alipay-Related Other Materials, in each case solely to the extent permitted pursuant to Section 2.4, and, with respect to both of clauses (i) and (ii), solely in connection with the sale, license or other provision of Alipay
Business Products in the course of conducting the Alipay Business. 
 (b) New FIG Business-Related IP. Subject to the terms and
conditions of this Amended IPLA, Alibaba hereby grants to Purchaser, and shall cause a Subsidiary Licensor to grant to Purchaser or to one or more Subsidiaries of Purchaser designated by Purchaser (other than Alipay and its Subsidiaries), the
following worldwide, non-exclusive, non-transferable and non-assignable, non-sublicensable (except pursuant to Section 2.4) rights and licenses during the Term: 

(i) under the New FIG Business-Related Patents it owns, (i) to make, have made (subject to Section 2.4), use, sell, offer for sale,
import, export and otherwise commercialize New FIG Business Products solely in the course of conducting the New FIG Business, and (ii) to make, have made and use any device or process, in each case solely internally and solely in the course of
conducting the New FIG Business; and 

  
 18 








 (ii) under the New FIG Business-Related Copyrights its owns, to (i) reproduce, distribute,
modify, prepare derivative works of, perform and display, in each case solely internally, the New FIG Business-Related Other Materials, and (ii) to distribute, perform and display the New FIG Business-Related Other Materials, in each case
solely to the extent permitted pursuant to Section 2.4, and, with respect to both of clauses (i) and (ii), solely in connection with the sale, license or other provision of New FIG Business Products in the course of conducting the New FIG
Business. 
 In the event that Alibaba or its relevant Subsidiary Licensor determines that, for tax, regulatory or other reasons, a Providers Addendum
(i) should be executed to confirm the grant of one or more of the licenses set forth in this Section 2.2(b) or (ii) is necessary in order for Purchaser or its designated Subsidiary to comply with any of its payment obligations
pursuant to Article V, then upon request of Alibaba, Alibaba and/or a Subsidiary Licensor, on the one hand, and Purchaser and/or a Purchaser Subsidiary (other than Alipay and its Subsidiaries), on the other, shall promptly execute such Providers
Addendum in a form mutually agreed between the executing parties, which Providers Addendum shall then be added to Exhibit F of this Amended IPLA, and obtain all necessary authorizations or consents with respect to such Providers Addendum from
applicable Governmental Authorities in order for each Party to obtain the full benefits of this Amended IPLA. For clarity, the fact that a Providers Addendum may later be executed pursuant to this Section 2.2(b) shall not relieve Purchaser of
any of its payment obligations hereunder with respect to the New FIG Royalty or any other payments. 
 Section 2.3 Alibaba Delivery
Obligation. At any time during the Term, upon reasonable request in writing of Alipay or its Subsidiary Sublicensee, Alibaba, Alibaba IT (A50) or a Subsidiary of Alibaba IT (A50) will deliver to Alipay or its Subsidiary Sublicensee copies of the
Alipay-Related Software (in both Source Code and Object Code form) and bug fixes, error corrections, updates and upgrades (including improvements) developed after the Effective Date and included in the Alipay-Related Software licensed under
Section 2.2(a), in the form actually developed or owned by Alibaba, Alibaba IT (A50) or a Subsidiary of Alibaba IT (A50). For clarity, any such bug fixes, error corrections, updates or upgrades (including improvements) provided hereunder will
be provided “as-is” and “as available.” 
 Section 2.4 Sublicensing. 

(a) Subsidiaries. Subject to this Section 2.4(a), Alipay or the applicable Alipay Subsidiary, or Purchaser or the applicable
Purchaser Subsidiary, to whom rights are granted under Section 2.1 and Section 2.2 to the (1) Alipay-Exclusive IP and the Alipay-Related IP or (2) New FIG Business-Exclusive IP and the New FIG Business-Related IP, as applicable,
may sublicense its rights to an Alipay Subsidiary, in the case of Alipay or such Alipay Subsidiary, or a Purchaser Subsidiary (other than Alipay or any Alipay Subsidiary), in the case of Purchaser or a Purchaser Subsidiary (a “Subsidiary
Sublicensee”). Any such sublicense of rights to a Subsidiary Sublicensee must be granted pursuant to an enforceable, written agreement with such Subsidiary Sublicensee that (i) requires, to the extent necessary to enable Alipay or
Purchaser, as applicable, to comply with the ownership provisions set forth in this Amended IPLA, each such Subsidiary Sublicensee to assign to Alipay or its Subsidiary, in the case of a Subsidiary Sublicensee of Alipay, or Purchaser or its
Subsidiary (other than Alipay or its Subsidiaries), in the case of a Subsidiary Licensee of Purchaser (in each case as designated by Alipay or Purchaser with notice to Alibaba) all right, title and interest in and to any Intellectual Property Rights
arising from or related to the exercise of such Subsidiary Sublicensee’s rights thereunder, and (ii) contains terms that are at least as protective of Alibaba’s or the relevant Alibaba Subsidiary’s rights in, and confidentiality
and Source Code security with respect to, the Alipay-Exclusive IP, the Alipay-Related IP, the New FIG Business-Exclusive IP and the New FIG Business-Related IP as those contained in this Amended IPLA (each, a “Sublicense
Agreement”). Purchaser shall provide Alibaba with complete and accurate copies of all Sublicense Agreements. 

  
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 (b) Subcontractors. Subject to Alipay’s and Purchaser’s compliance with
Section 9.9(b) of the Transaction Agreement and with Section 3.3 of the 2011 Commercial Agreement, Alipay or Purchaser may sublicense any of its applicable rights to the Alipay-Exclusive Patents, the New FIG Business-Exclusive Patents, the
Alipay-Exclusive Trademarks, the New FIG Business-Exclusive Trademarks, the Alipay-Exclusive Software, the Alipay-Exclusive Other Materials, the Alipay-Related Other Materials, and the New FIG Business-Related Other Materials to third Person
subcontractors engaged by Alipay or Purchaser, or an Alipay Subsidiary or Purchaser Subsidiary, in connection with the conduct of the Alipay Business, in the case of Alipay or any Alipay Subsidiary, or the New FIG Business, in the case of Purchaser
or any Purchaser Subsidiary (other than Alipay and its Subsidiaries) (“Permitted Subcontractors”), solely to the extent necessary to permit the Permitted Subcontractors to perform on behalf of Alipay or Purchaser, or an Alipay
Subsidiary or Purchaser Subsidiary, the services for which the Permitted Subcontractors were engaged. Any such engagement of Permitted Subcontractors shall be pursuant to an arm’s-length agreement that (i) requires, to the extent necessary
to enable Alipay or Purchaser to comply with the ownership provisions set forth in this Amended IPLA, each such Permitted Subcontractor to assign to Alipay or its Subsidiary, or Purchaser or its Subsidiary (other than Alipay and its Subsidiaries)
(in each case as designated by Alipay or Purchaser with notice to Alibaba) all right, title and interest in and to any Intellectual Property Rights arising from or related to the exercise of such Permitted Subcontractor’s rights thereunder, and
(ii) contains terms that are at least as protective of Alibaba’s or the relevant Alibaba Subsidiary’s rights in, and confidentiality and Source Code security with respect to, the Alipay-Exclusive Patents, the New FIG
Business-Exclusive Patents, the Alipay-Exclusive Trademarks, the New FIG Business-Exclusive Trademarks, the Alipay-Exclusive Software, the Alipay-Exclusive Other Materials, the Alipay-Related Other Materials, and the New FIG Business-Related Other
Materials, as applicable, as those contained in this Amended IPLA (each, a “Subcontractor Agreement”). Any Subcontractor Agreement permitting any use of an Alipay-Exclusive Trademark or New FIG Business-Exclusive Trademark by a
Permitted Subcontractor shall obligate the Permitted Subcontractor to comply with the applicable trademark and brand usage guidelines for such Alipay-Exclusive Trademarks and New FIG Business-Exclusive Trademarks and shall provide that all goodwill
arising from that Permitted Subcontractor’s use of any Alipay-Exclusive Trademarks and New FIG Business-Exclusive Trademarks inures to the benefit of Alibaba or a designated Alibaba Affiliate, and Alipay or Purchaser shall enforce these terms
against any Permitted Subcontractor. 

  
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 (c) End Users. Alipay and its Subsidiary Sublicensees may distribute certain elements of
the Alipay-Exclusive Software, the Alipay-Related Software, the Alipay-Exclusive Other Materials and the Alipay-Related Other Materials comprising client-side end user software and related documentation and materials to Alipay’s and its
Subsidiaries’ end user customers (“Alipay End Users”) and sublicense to Alipay End Users the limited right to use or reproduce such Alipay-Exclusive Software, Alipay-Related Software, Alipay-Exclusive Other Materials and
Alipay-Related Other Materials, solely in Object Code in the case of software and solely as incorporated in or otherwise a part of an Alipay Business Product. Any distribution or sublicense to an Alipay End User of the Alipay-Exclusive Software, the
Alipay-Related Software, the Alipay-Exclusive Other Materials and/or the Alipay-Related Other Materials must be pursuant to an enforceable agreement with such Alipay End User containing terms that are at least as protective of Alibaba’s or the
Alipay IP/Technology Provider’s rights in the Alipay-Exclusive Software, Alipay-Related Software, the Alipay-Exclusive Other Materials and/or the Alipay-Related Other Materials as those contained in this Amended IPLA (each, an “End User
License”). In addition, in an End User License, Alipay or a Subsidiary Sublicensee may grant Alipay End Users who are merchants a non-exclusive, non-transferable, non-assignable and revocable sublicense to use the Alipay-Exclusive
Trademarks in connection with such Alipay End User’s use of Alipay Business Products, solely in connection with Alipay’s or the Subsidiary Sublicensee’s conduct of the Alipay Business. Alipay and its Subsidiary Sublicensees shall
require in such End User License that all Alipay End Users comply with all applicable trademark and brand usage guidelines for such Alipay-Exclusive Trademarks and that all goodwill arising from any Alipay End User’s use of the Alipay-Exclusive
Trademarks inures to the benefit of Alibaba or a designated Alibaba Subsidiary, and Alipay or the applicable Subsidiary Sublicensee shall enforce these terms against any Alipay End User. 

(d) Purchaser’s Rights and Obligations. Each Sublicense Agreement and Subcontractor Agreement entered into by Alipay or Purchaser
or their respective Subsidiary Sublicensees, and each End User License entered into by Alipay or its Subsidiary Sublicensee, in each case in connection with the exercise of its rights and obligations under this Amended IPLA, shall not contain any
provision that is inconsistent with the terms of this Amended IPLA. For the avoidance of doubt, (i) any rights and responsibilities performed or provided by Subsidiary Sublicensees, Permitted Subcontractors or Alipay End Users shall be deemed
to be performed by Alipay or Purchaser (as applicable), and (ii) Alipay or Purchaser (as applicable) shall be responsible and liable for any breach of the terms and conditions of any Sublicense Agreement, Subcontractor Agreement or End User
License by any Subsidiary Sublicensee, Permitted Subcontractor or Alipay End User (as applicable) to the same extent as if breach were committed by Alipay or Purchaser (as applicable). 

(e) Have Made Rights. The “have made” rights granted in Sections 2.1 and 2.2 shall apply only to Alipay Business Products and
New FIG Business Products (as applicable) which (i) have designs originating with and owned by Alipay or an Alipay Subsidiary, or Purchaser or a Purchaser Subsidiary (other than Alipay and its Subsidiaries), as applicable, and (ii) are
sold or otherwise transferred or disposed of by the “have made” manufacturer only to Alipay or its Subsidiaries or Purchaser or its Subsidiaries (other than Alipay and its Subsidiaries), as applicable. 

  
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 Section 2.5 Restrictions. Alipay acknowledges that the Source Code of the
Alipay-Exclusive Software and the Alipay-Related Software, constitutes and contains Trade Secrets of Alibaba and its Subsidiaries, and, in order to protect such Trade Secrets and other interests that Alibaba or its Subsidiaries may have in the
Alipay-Exclusive Software or the Alipay-Related Software, Alipay shall not, and shall not permit any third Person to, except as expressly authorized in this Amended IPLA: 

(a) transfer, sublicense (other than pursuant to Section 2.4), disclose, distribute or otherwise expose the Source Code of the
Alipay-Exclusive Software or the Alipay-Related Software to any third Person other than a Subsidiary Sublicensee or a Permitted Subcontractor in accordance with Section 2.4; or 

(b) disassemble, decompile or reverse engineer any of the Alipay-Exclusive Software or the Alipay-Related Software provided to Alipay or its
Subsidiary only in Object Code form, nor permit any third Person to do so, except to the extent such restrictions are prohibited by Law. 
 Alibaba’s
and its relevant Subsidiaries’ license of Intellectual Property Rights pursuant to this Article II is granted: 
 (x) only if such
Intellectual Property Rights are owned exclusively by Alibaba and/or its relevant Subsidiaries, as applicable, and may be licensed under applicable Law pursuant to this Article II without the need to obtain the consent or approval of any co- or
joint owner of such Intellectual Property Rights; 
 (y) solely to the extent of Alibaba’s and/or its relevant Subsidiary’s right
to grant such license; and 
 (z) only if Alibaba’s and/or its relevant Subsidiary’s grant of such license does not incur any
obligation to pay royalties or other consideration to any third Person (except for payments between Alibaba and its relevant Subsidiary, or payments from Alibaba or its relevant Subsidiary to their respective employees or contractors for the use of
the Intellectual Property Rights made or created by or for Alibaba, the relevant Alibaba Subsidiary, or such employees or contractors while employed or retained by Alibaba or its relevant Subsidiary). 

Section 2.6 Use of Trademarks. 

(a) Trademark Usage Guidelines. The use by Alipay and any of its Subsidiary Sublicensees of the Alipay-Exclusive Trademarks or by
Purchaser and any of its Subsidiary Sublicensees of the New FIG Business-Exclusive Trademarks, as applicable, shall at all times adhere to Alibaba’s and Alibaba’s Subsidiary’s, as applicable, then-current trademark or brand usage
guidelines, as such guidelines may be revised during the Term by Alibaba or Alibaba’s Subsidiaries. Upon Alibaba’s request, Alipay, Purchaser or any of their respective Subsidiary Sublicensees shall provide Alibaba with samples of
advertising and promotional materials developed by or for Alipay, Purchaser or the applicable Subsidiary Sublicensee(s) and using the Alipay-Exclusive Trademarks or New FIG Business-Exclusive Trademarks, as applicable, in order for Alibaba to assess
compliance with this Section 2.6(a). In the event of any breach with respect to Alipay’s, Purchaser’s or any of their respective Subsidiary Sublicensee’s failure to adhere to the then-current applicable Alibaba or Alibaba
Subsidiary trademark or brand usage guidelines, Alipay, Purchaser and/or the applicable Subsidiary Sublicensee(s), as applicable, shall immediately cease all use of the materials not conforming with such brand usage guidelines and shall cure, or
cause to be cured, within thirty (30) days, any breach with respect to Alipay’s, Purchaser’s or the applicable Subsidiary Sublicensee’s use thereof. Alipay and Purchaser shall not use, nor permit the use of, and shall cause their
respective Subsidiary Sublicensees not to use or permit the use of, the Alipay-Exclusive Trademarks or the New FIG Business-Exclusive Trademarks in any manner that could otherwise reasonably be expected to impair, tarnish, dilute or otherwise damage
the value and goodwill associated with Alipay-Exclusive Trademarks or the New FIG Business-Exclusive Trademarks. 

  
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 (b) Quality Control Standards/Limited Use. Alipay and Purchaser each agrees, during the
Term, to maintain, and to cause its Subsidiary Sublicensees to maintain, a level of quality for the Alipay Business Products and the New FIG Business Products, as applicable, in connection with which Alipay, Purchaser and their respective Subsidiary
Sublicensees use, reproduce or display the Alipay-Exclusive Trademarks or the New FIG Business-Exclusive Trademarks, as applicable, that is at least as high as the level of quality of the comparable products and services in connection with which
Alipay, Purchaser and their respective Subsidiary Sublicensees use, reproduce or display Trademarks owned by Alipay, Purchaser or their respective Subsidiaries. Each of Alipay and Purchaser shall not use, nor permit the use of, and shall cause its
Subsidiary Sublicensees not to use or permit the use of, the Alipay-Exclusive Trademarks or the New FIG Business-Exclusive Trademarks, as applicable, (i) in any manner that could otherwise reasonably be expected to impair, tarnish, dilute or
otherwise damage the value and goodwill associated with Alipay-Exclusive Trademarks or the New FIG Business-Exclusive Trademarks, or any other Trademarks or Domains Names owned, held, or licensed by Alibaba or any Alibaba Subsidiary, or that are in
the process of registration or application for registration by Alibaba or any Alibaba Subsidiary, anywhere in the world, or (ii) in connection with any unfair, misleading, illegal, vulgar, obscene, immoral or offensive materials, or any
products or services that violate applicable Laws or are false or misleading. 
 (c) No Adverse Claim. Each of Alipay and Purchaser
shall not and shall cause its Subsidiary Sublicensees not to, and each of Alipay and Purchaser shall not and shall cause its Subsidiary Sublicensees not to authorize any third Person to, at any time during the Term, assert any claim or interest in,
or take any action which may in any way: 
 (i) adversely affect the validity or enforceability of, 

(ii) result in the harm or misuse of, bring into disrepute, or adversely affect Alibaba’s or any Alibaba Subsidiary’s rights or
interest in and to, or 
 (iii) result in obtaining registrations in or otherwise challenge the validity of, or Alibaba’s or any Alibaba
Subsidiary’s ownership of or rights in: 
 (1) the Alipay-Exclusive Trademarks and the New FIG Business-Exclusive Trademarks and/or (2) except as
otherwise expressly permitted in the Trademark Agreement, any other Trademark or Domain Name that is derivative of or similar to any Trademarks or Domain Names (including the Alipay-Exclusive Trademarks and New FIG Business-Exclusive Trademarks)
owned, held, or licensed by Alibaba or any Alibaba Subsidiary, both prior to and after the Effective Date, including any Trademarks or Domain Names commencing with the letters “ALI” or “TAO.” 

(d) Goodwill. All goodwill arising from Alipay’s, Purchaser’s or their respective Subsidiary Sublicensees’ use of the
Alipay-Exclusive Trademarks and New FIG Business-Exclusive Trademarks, as applicable, prior to their assignment to Purchaser pursuant to Section 2.2(b) of the Transaction Agreement, will inure solely to the benefit of Alibaba or the applicable
Alibaba Subsidiary, and Alipay and Purchaser and any applicable Subsidiary Sublicensee shall transfer and assign and do hereby transfer and assign to Alibaba or the applicable Alibaba Affiliate designated by Alibaba on an ongoing basis, prior to
such assignment, all such goodwill arising from the use of the Alipay-Exclusive Trademarks and New FIG Business-Exclusive Trademarks permitted hereunder. 

  
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 Section 2.7 Grant Back. 

(a) Subject to the terms and conditions of this Amended IPLA, Purchaser, on behalf of itself and its Subsidiaries, hereby grants (and agrees to
grant and cause Purchaser and its Subsidiaries to grant) to Alibaba and its Subsidiaries during the Term a non-exclusive, irrevocable, worldwide, royalty-free, non-transferable (except to a successor of Alibaba in connection with a merger or
consolidation, or to a transferee of Alibaba in connection with the transfer of all or any substantial portion of the assets of Alibaba and its Subsidiaries), right and license, under all Patents (including all New Alipay Patents and Patents
constituting Stage 1 Retained IP) owned or licensable by Purchaser or any of Purchaser’s Subsidiaries during the Term (“Alipay-Retained IP”) to make, have made, use, sell, offer for sale, import, export and otherwise
commercialize any products and services, including engaging third Persons by Alibaba or its Subsidiaries for the procurement by Alibaba or its Subsidiaries of (and having such third Persons provide) services for the benefit of Alibaba and/or its
Subsidiaries. For the avoidance of doubt, such third Persons will have immunity under such Patents only to the extent they are providing services for the benefit of Alibaba and/or its Subsidiaries and not for services provided to other customers of
such third Persons. For clarity, the Parties acknowledge that any New Alipay Patents, if they are owned solely by Alibaba or assigned to Alibaba as required by Section 4.4(a), and not owned by Purchaser or any of Purchaser’s Subsidiaries,
will be subject to the provisions of this Amended IPLA relating to Alipay-Exclusive Patents and New FIG Business-Exclusive Patents and not to this Section 2.7. 

(b) Subject to the terms and conditions of this Amended IPLA, Purchaser, on behalf of itself and its Subsidiaries, hereby grants (and agrees to
grant and cause Purchaser and its Subsidiaries to grant) to Alibaba and its Subsidiaries during the Term a non-exclusive, irrevocable, worldwide, royalty-free, non-transferable (except to a successor of Alibaba in connection with a merger or
consolidation, or to a transferee of Alibaba in connection with the transfer of all or any substantial portion of the assets of Alibaba and its Subsidiaries), right and license to (i) reproduce, distribute, modify, prepare derivative works of,
perform and display the Alipay Non-Core IP and the non-Patent Stage 1 Retained IP and (ii) to internally use and exploit the SME Loan Know-How, in each case solely in connection with the sale, license or provision of products and services of
Alibaba and its Subsidiaries. Such right and license (x) includes the right to have such activities performed on behalf of Alibaba and its Subsidiaries by third Persons and (y) includes the rights to reproduce, perform, display and
distribute to merchants, distributors, customers, and other participants in the businesses of Alibaba and Alibaba Subsidiaries the portions, if any, of the Alipay Non-Core IP intended for use by such merchants, distributors, customers, or other
participants. Any such license to merchants, distributors, customers, and other participants shall be on the same terms that Alibaba and its Subsidiaries use for the licensing of their own accompanying software and other materials. Notwithstanding
anything to the contrary set forth in this Section 2.7(b), Alibaba and its Subsidiaries shall not disclose any Highly Sensitive Information to any third Persons, except to the extent expressly permitted by the Data Sharing Agreement with
respect to Contributed Data (as defined in the Data Sharing Agreement), or user data to the extent that (i) disclosure of such user data is required for the purpose of engaging a third Person to provide services comparable to the Services (as
defined in the 2011 Commercial Agreement) (provided that such third Person shall not use such data for any other purpose), (ii) disclosure of such user data to such third Person in accordance with this Amended IPLA does not violate applicable
Law, and (iii) disclosure of such user data to such third Person in accordance with this Amended IPLA does not violate the terms of use or terms of service under which such data was collected. 

  
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 (c) This Section 2.7: (i) does not require that Purchaser or any Purchaser Subsidiary
deliver any Technology, including Alipay Non-Core IP, to Alibaba or its Subsidiaries and (ii) does not relieve Alibaba or its Subsidiaries from its obligations under Section 9.9(b) of the Transaction Agreement. 

Section 2.8 No Other Grant. Except as otherwise expressly provided herein, nothing in this Amended IPLA shall be deemed to grant,
directly or by implication, estoppel or otherwise, any right, license or covenant from Alibaba or any Alibaba Subsidiary to Alipay, Purchaser, any of their respective Subsidiaries, or any third Person, or from Purchaser or any Purchaser Subsidiary
to Alibaba or any Alibaba Subsidiary or any third Person. 
 Section 2.9 Injunctive Relief. Each of Alipay and Purchaser
acknowledges that any material breach of the provisions of this Article II may result in irreparable harm to Alibaba and Alibaba’s Subsidiaries, and in such event the exact amount of damages will be difficult to ascertain and the remedies at
law for such breach may not be adequate. Accordingly, in the event of any material breach of the provisions of this Article II by Alipay or Purchaser or any Alipay Subsidiaries or Purchaser Subsidiaries, Alibaba, in addition to any other relief
available to it at law, in equity or otherwise, shall be entitled to seek temporary and permanent injunctive relief restraining Alipay, Purchaser or any of their respective Subsidiaries from engaging in the conduct constituting such material breach,
without the necessity of proving actual damages or posting a bond or other security. 
 Section 2.10 Termination of Opco
IP/Technology Providers Addenda. Alipay and Alibaba (acting on behalf of 阿里巴巴 (中国) 有限公司 (Alibaba (China) Co., Ltd. (A50)) and Alipay IT Company (Z53)) agree that the Opco
IP/Technology Providers Addenda are terminated as of the Effective Date. 
 ARTICLE III 

SERVICES 

Section 3.1 Performance of Software Technology Services. Alipay IT Company (Z53) and its Subsidiaries shall perform the Software
Technology Services for the Alipay Group until the Services Termination Date. Except as provided for in Section 3.3, Alipay IT Company (Z53) and its Subsidiaries shall, at their sole cost and expense, provide all tools, equipment, personnel and
physical facilities required for the performance of the Software Technology Services, unless otherwise agreed to by the parties in writing. To the extent that Alipay IT Company (Z53) or any of its Subsidiaries requires access to the sites,
facilities, network or computer systems of Alipay or an Alipay Subsidiary in order to perform the Software Technology Services, Alipay IT Company (Z53) and its Subsidiaries shall comply and cause its personnel to comply with Alipay’s or the
applicable Alipay Subsidiary’s standard health and safety, security, privacy, and other policies and procedures that are provided by Alipay or the applicable Alipay Subsidiary to Alipay IT Company (Z53) or its Subsidiaries. 

  
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 Section 3.2 Reports. At Alipay’s reasonable request, Alipay IT Company (Z53)
shall provide periodic written reports to Alipay with respect to Alipay IT Company (Z53)’s and its Subsidiaries’ performance of the Software Technology Services. In addition, Alipay IT Company (Z53) shall promptly notify Alipay of any
material technical or developmental problems which may arise in the performance of Alipay IT Company (Z53)’s or its Subsidiaries’ duties under this Article III. 

Section 3.3 Alipay Responsibilities. In connection with the Software Technology Services, the Alipay Group shall perform such
duties and tasks as may be reasonably required to allow Alipay IT Company (Z53) and its Subsidiaries to perform the Software Technology Services. The Alipay Group shall provide Alipay IT Company (Z53) and its Subsidiaries with access to
Alipay’s, the other applicable Alipay Group members’ sites, facilities, network or computer systems as reasonably required by Alipay IT Company (Z53) and its Subsidiaries to perform the Software Technology Services. Subject to
Section 9.4, the Alipay Group shall also make available to Alipay IT Company (Z53) and its Subsidiaries any data, information and any other materials required by Alipay IT Company (Z53) or its Subsidiaries to perform Software Technology
Services (collectively, “Alipay Materials”). 
 Section 3.4 No Further Obligations. Alipay IT Company (Z53) and
its Subsidiaries shall have no obligation during the Term to provide any services other than the Software Technology Services, and no other obligation to provide any such services except as expressly set forth in this Article III, unless otherwise
agreed by the Parties in writing. 
 ARTICLE IV 

OWNERSHIP 

Section 4.1 Licensed IP. Subject to the express licenses granted in this Amended IPLA, as between the Parties, Alibaba or its
Subsidiaries will retain exclusive right, title and interest in and to the Licensed IP, and all Intellectual Property Rights subsisting therein. There are no implied licenses under this Amended IPLA, and all rights not expressly granted hereunder
are reserved. Purchaser and Purchaser’s Subsidiaries shall not delete or in any manner alter any Copyright, Trademark, Patent, confidentiality or other proprietary rights notices appearing on the Licensed IP as delivered to Purchaser or a
Purchaser Subsidiary. Purchaser and Purchaser’s Subsidiaries shall reproduce such notices on all copies they make of the Licensed IP. 

Section 4.2 Alipay IT Materials. As between the Parties, Alipay IT Company (Z53) or its Subsidiaries will exclusively own all
right, title and interest in and to any Technology of any kind developed solely by the Dedicated Employees of Alipay IT Company (Z53) or its Subsidiaries in connection with performing the Software Technology Services under the IPLA during the IPLA
Period or during the Term of this Amended IPLA, other than the Stage 1 Retained IP (collectively “Alipay IT Materials”), including all Intellectual Property Rights subsisting therein. If the Alipay IT Materials include or constitute
modifications, customizations, enhancements or extensions to the Alipay-Exclusive Software, the Alipay-Related Software, the Alipay-Exclusive Other Materials, the Alipay-Related Other Materials, or the New FIG Business-Related Other Materials,
Alipay or Purchaser, as applicable, will have rights and licenses to such modifications, customizations, enhancements or extensions to the same extent that it has rights and licenses to the underlying Alipay-Exclusive Software, Alipay-Related
Software, Alipay-Exclusive Other Materials, Alipay-Related Other Materials, or New FIG Business-Related Other Materials, respectively. 

  
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 Section 4.3 Ownership of Enhancements. Subject to Section 4.4, the Parties agree
that, as between the Parties, all modifications, enhancements and derivative works of the Alipay-Exclusive Software, the Alipay-Related Software, the Alipay-Exclusive Other Materials, the Alipay-Related Other Materials, and the New FIG
Business-Related Other Materials created by (or by a third Person on behalf of) Alipay or Purchaser or a Subsidiary Sublicensee under the licenses granted in Section 2.1 or 2.2 and otherwise in accordance with this Amended IPLA will be
exclusively owned by Alipay or Purchaser or the relevant Subsidiary Sublicensee, as applicable. 
 Section 4.4 New Patents,
Trademarks and Domain Names. 
 (a) Any new Patents applied for or issued during the Term based on any invention made solely by employees
or contractors of Alipay or Purchaser and/or employees or contractors of an Alipay Subsidiary or Purchaser Subsidiary during the Term (“New Alipay Patents”) will be applied for in the name of and owned by Alibaba and for the
purposes of this Amended IPLA will be deemed Alipay-Exclusive Patents (if pertaining to the Alipay Business) or New FIG Holdco-Exclusive Patents (if pertaining to the New FIG Business). 

(b) Except as expressly authorized in the Trademark Agreement with respect to Licensed Trademarks and Domain Names, Component Trademarks and
Component Domain Names (as the preceding terms are defined in the Trademark Agreement), each of Alipay and Purchaser shall not, and shall cause all its Subsidiaries not to, adopt, use or conduct any business using (except for any use of the
Alipay-Exclusive Trademarks, New FIG Business-Exclusive Trademarks, the Alipay-Exclusive Domain Names and the New FIG Business-Exclusive Domain Names as expressly authorized by Section 2.1 and for any use of New Alipay Trademark/Domain Names as
provided by Section 4.4(c) below), create, file, register, seek to register, or cause to be registered (other than any Trademark or Domain Name required by applicable Law to be held or registered in the name of Alipay or Purchaser or a
Subsidiary of Alipay or Purchaser), any Trademarks or Domain Names that are derivative of or confusingly similar to any Trademarks (including the Alipay-Exclusive Trademarks and New FIG Business-Exclusive Trademarks) or Domain Names (including the
Alipay-Exclusive Domain Names and New FIG Business-Exclusive Domain Names) owned, held, or licensed by Alibaba or any Alibaba Subsidiary, or otherwise used in connection with any conduct of any business by Alibaba or any Subsidiary of Alibaba, both
prior to and after the Effective Date (the “Alibaba Marks”). Notwithstanding the foregoing, if any Alibaba Mark, Alipay-Exclusive Trademark, New FIG Business-Exclusive Trademark, Alipay-Exclusive Domain Name, New FIG
Business-Exclusive Domain Name or any Trademark or Domain Name that is derivative of or confusingly similar to any Alibaba Mark, Alipay-Exclusive Trademark, New FIG Business-Exclusive Trademark, Alipay-Exclusive Domain Name or New FIG
Business-Exclusive Domain Name (each, a “Similar Mark/Domain Name”), other than any Trademark or Domain Name required by applicable Law to be held or registered in the name of Purchaser or a Purchaser Subsidiary, or any application
therefor, is filed or registered by Alipay or Purchaser or any Alipay Subsidiary or Purchaser Subsidiary during the Term then, except as may be expressly permitted in the Trademark Agreement, such Similar Mark/Domain Name shall be assigned by Alipay
or Purchaser or the applicable Alipay Subsidiary or Purchaser Subsidiary to Alibaba pursuant to this Section 4.4 and shall be exclusively owned by Alibaba. To the extent required in the preceding sentence, each of Alipay and Purchaser hereby
assigns, and shall cause each of its Subsidiaries to assign, to Alibaba, all of Alipay’s or Purchaser’s and such Alipay Subsidiary’s or Purchaser Subsidiary’s, as applicable, rights, title and interest in and to any and all
Similar Marks/Domain Names, whether now existing or in the future created. 

  
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 (c) If during the Term (i) Alipay or an Alipay Subsidiary desires to have filed or
registered any new Trademark or Domain Name that includes the word “ALIPAY” or is derivative of any other Alipay-Exclusive Trademark set forth in Exhibit D or (ii) Purchaser or a Purchaser Subsidiary desires to have filed or
registered any new Trademark or Domain Name that is derivative of any New FIG Business-Exclusive Trademark set forth in Exhibit K (each such Trademark or Domain Name within the scope of clause (i) or (ii), a “New Alipay
Trademark/Domain Name”), in each case to the extent any such Trademark or Domain Name is not required by applicable Law to be held or registered in the name of Alipay or Purchaser or an Alipay Subsidiary or Purchaser Subsidiary, then,
subject to Alibaba’s agreement , each such New Alipay Trademark/Domain Name will be filed and registered in the name of (at Alipay’s or Purchaser’s expense, as applicable) and solely owned by Alibaba during the Term of this Amended
IPLA, and for the purposes of this Amended IPLA will, in the case of clause (i), be deemed to be an Alipay-Exclusive Trademark or Alipay-Exclusive Domain Name, as applicable, or, in the case of clause (ii), be deemed to be a New FIG
Business-Exclusive Trademark or New FIG Business-Exclusive Domain Name, in each case upon being added to the applicable Exhibit hereto. For purposes of the foregoing, Alibaba’s agreement shall not be unreasonably withheld or delayed to the
extent such desired New Alipay Trademark/Domain Name is not inconsistent with the provisions of the Trademark Agreement and does not contain any component (other than the word “ALIPAY” or product marks included in the Alipay-Exclusive
Trademarks set forth in Exhibit D or New FIG Business-Exclusive Trademarks set forth in Exhibit K that are not confusingly similar to or derivative of other Trademarks owned, held or licensed by Alibaba or any Alibaba Subsidiary) that
is derivative of or confusingly similar to any Trademarks or Domain Names owned, held, or licensed by Alibaba or any Alibaba Subsidiary (including any Trademarks or Domain Names commencing with the letters “ALI”, other than as used in
“ALIPAY,” or with the letters “TAO”), or otherwise used in connection with any conduct of any business by Alibaba or an Alibaba Subsidiary, prior to and after the Effective Date. 

(d) Alipay and Purchaser and each Alipay Subsidiary and Purchaser Subsidiary shall assist Alibaba in every reasonable way, at Alipay’s or
Purchaser’s or Alipay’s Subsidiary’s or Purchaser’s Subsidiary’s expense (except with respect to maintaining Similar Mark/Domain Names), to obtain, secure, perfect, maintain, defend and enforce all Intellectual Property
Rights with respect to the Similar Mark/Domain Names. The prosecution of and registration for any New Alipay Patent or New Alipay Trademark/Domain Name owned by Alipay or Purchaser or a designated Alipay Subsidiary or Purchaser Subsidiary will be
executed pursuant to Section 6.1. The enforcement of any New Alipay Patent will be executed pursuant to Section 6.2. Every twelve (12) months during the Term, or upon either Party’s reasonable request, the Parties shall amend
this Amended IPLA by updating Exhibits B, C , D, I, J, or K as applicable, to add such newly issued, filed or registered New Alipay Patents and New Alipay Trademark/Domain Names. 

  
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 (e) Except as expressly authorized in the Trademark Agreement or except to the extent Alibaba is
acting at the request of Alipay or an Alipay Subsidiary in filing, registering, seeking to register, or causing to be registered a Trademark or Domain Name, Alibaba shall not, and shall cause all its Subsidiaries not to, file, register, seek to
register, or cause to be registered, or conduct any business using any Trademarks or Domain Names that contain the word “ALIPAY.” 

Section 4.5 Alipay Materials. As between Alibaba and Alipay, Alipay will retain its right, title and interest in and to any Alipay
Materials owned by Alipay, including all Intellectual Property Rights of Alipay subsisting therein; provided, however, that Alipay agrees to grant and does hereby grant to Alibaba and any applicable Alibaba Subsidiary a limited, royalty-free,
non-exclusive, non-transferable (except to a successor in connection with a merger or consolidation of Alibaba or the applicable Alibaba Subsidiary, or to a transferee in connection with the transfer of all or any substantial portion of the assets
of Alibaba) right and license to use such Alipay Materials if and for so long as, and only to the extent, such right and license is necessary in order for Alibaba or any of its Subsidiaries to carry out any obligations pursuant to this Amended IPLA.

 ARTICLE 
 VFEES AND
PAYMENT 
 Section 5.1 Royalties and Other Amounts for Licensed IP. 

(a) Alipay Royalty. In consideration for the licenses granted pursuant to Section 2 with respect to Alipay-Related IP owned by
Alibaba IT (A50), Alipay-Exclusive IP and Alipay-Related IP owned by Alibaba or any of its other Subsidiaries, Alipay or its designated Subsidiary shall pay (subject to Section 5.3) to Alibaba IT (A50) and/or to Alibaba (as directed by
Alibaba), ongoing royalties calculated pursuant to the following formula (the “Alipay Royalty”) in accordance with this Section 5.1(a): 

Alipay Royalty = (consolidated revenue of the Alipay Group before taking into account the Alipay Royalty, the New FIG Royalty,
and the Software Technology Services Fee) multiplied by R1, where 
 “R1” means a percentage to be agreed between Alipay
and Alibaba IT (A50) (and Alibaba, if in its sole discretion it decides to charge a royalty). 

  
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 (b) New FIG Royalty. In consideration for the licenses of the New FIG Business-Exclusive
IP and New FIG Business-Related IP owned by the Alibaba Group (including any Subsidiary Licensor), until the Services Termination Date, Purchaser or its designated Subsidiary shall have the obligation to pay to Alibaba or its designated Subsidiary
an aggregate fee calculated pursuant to the following formula (the “New FIG Royalty”) in accordance with this Section 5.1(b), provided, however, that Purchaser’s obligation to pay Seller the New FIG Royalty
shall terminate upon the transfer of the New FIG Business-Exclusive IP pursuant to Section 2.2 of the Transaction Agreement: 

New FIG Royalty = (consolidated pre-tax income (after excluding any minority interest income and any initial gain or loss
recognized upon entering into the Transaction Documents or consummating the transfers and issuances provided for in the Transaction Agreement, and any subsequent amortization of deferred charges or income resulting from such gain or loss) of the New
FIG Business, as conducted by Purchaser Group other than the Alipay Group, before taking into account the New FIG Royalty) multiplied by R2, where 

“R2” means a percentage to be agreed between Purchaser and Alibaba and at Alibaba’s election, its Subsidiaries, if in
its sole discretion it decides to charge a royalty. 
 Section 5.2 Fees and Expenses for Software Technology Services. In
consideration for Alipay IT Company (Z53)’s and its Subsidiaries’ performance of the Software Technology Services and for the licenses of Alipay-Exclusive IP and Alipay-Related IP owned by Alipay IT (A50) and its Subsidiaries, until the
Services Termination Date, Alipay shall pay (subject to Section 5.3) to Alipay IT (A50) and/or to Alibaba (as directed by Alibaba) an aggregate fee calculated in accordance with the following formula (the “Software Technology
Services Fee”) in accordance with this Section 5.2: 
 Software Technology Services Fee = Alibaba Costs plus
Income Share minus the New FIG Royalty, minus the Alipay Royalty, where 
 “Alibaba Costs” means the consolidated pre-tax
costs and expenses of Alipay IT Company (Z53) and its Subsidiaries incurred in the course of providing the Software Technology Services. 

“Income Share” means an amount equal to the product of the Income Multiplier multiplied by ((x) the consolidated pre-tax
income of the Alipay Group before taking into account the Alipay Royalty, the Software Technology Services Fee and any initial gain or loss recognized upon entering into the Transaction Documents or consummating the transfers and issuances provided
for in the Transaction Agreement, and any subsequent amortization of deferred charges or income resulting from such gain or loss minus (y) the Alibaba Costs). Notwithstanding the foregoing, in no event shall the Income Share be less than zero.

 “Income Multiplier” means a percentage agreed by the Parties cooperating in good faith, which shall be adjusted such
that the sum of the Alipay Royalty, the New FIG Royalty and the Software Technology Services Fee (“Fee/Royalty Sum”) shall at all times equal the Adjusted Target Amount; provided that to the extent that such adjustment of the
Income Multiplier would have a material adverse economic impact on any Party due to tax considerations, the Income Multiplier shall instead be adjusted such that the Fee/Royalty Sum is as near as economically reasonable to the Adjusted Target
Amount. 
 “Issuance Percentage” shall have the meaning ascribed to such term in the Transaction Agreement. 

  
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 “Target Amount” means the sum of (a) the product of (i) 100% minus the
Issuance Percentage, multiplied by (ii) 37.5% of the consolidated pre-tax income of the Purchaser Group (after excluding any minority interest income of the Purchaser Group on a consolidated basis) before taking into account the Alipay Royalty,
the New FIG Royalty and the Software Technology Services Fee, plus (b) the Alibaba Costs, plus (c), until the first to occur of a Purchaser Qualified IPO or an Alipay Qualified IPO, the IPLA Funded Amount Due (as defined in the Transaction
Agreement). 
 “Adjusted Target Amount” means the Target Amount, plus the Accrued Deposit Amount, less the Accrued Excess
Fee. 
 Section 5.3 Royalty Reporting and Payment Terms. 

(a) Within sixty (60) days of the end of each Alipay fiscal year, Alipay IT Company (Z53) shall provide to Alipay (a) a report
detailing with reasonable specificity the basis for the Alibaba Costs, and (b) such additional information as Alipay may reasonably request describing and further evidencing the calculation of the Alibaba Costs. Within ninety (90) days
after the end of each fiscal year of the Payor, or upon such other payment schedule as Alibaba and Purchaser may otherwise agree (the “Payment Date”), the Payor shall pay to Alibaba IT (A50) and/or to Alibaba (as directed by
Alibaba) the Software Technology Services Fee, the Alipay Royalty, and the New FIG Royalty each as owed during such fiscal year or other agreed-upon period. Concurrently with such payment, the Payor shall provide to Alibaba and Alibaba IT (A50)
(a) a report detailing with reasonable specificity the basis for the New FIG Royalty and Alipay Royalty payments, (b) a report detailing with reasonable specificity the basis for the Software Technology Services Fee, (c) true and
complete income statements of the revenues and expenses of the Purchaser Group (including separate income statements for the Alipay Group) reflecting the consolidated pre-tax income of the Purchaser Group and Alipay Group during the applicable
fiscal year, and (d) such additional information as Alibaba or Alibaba IT (A50) may reasonably request describing and further evidencing the calculation of the Alipay Royalty, New FIG Royalty and/or Software Technology Service Fee payments. The
Payor shall pay all amounts due under this Amended IPLA in Renminbi in the manner to be further agreed by the Parties. 
 (b) The
“Accrued Deposit Amount” shall initially be zero. If the Target Amount is greater than the Fee/Royalty Sum, Purchaser shall deposit with and/or loan to Alibaba an amount equal to the difference between the Fee/Royalty Sum and the
Target Amount, and the Accrued Deposit Amount shall be increased by the amount of such deposit. Alibaba shall, from time to time upon written request of the Purchaser, deliver to the Purchaser one or more notes and/or certificates of deposit
evidencing any loans and/or deposits, respectively, made pursuant to the preceding sentence. Upon any payment of any Alipay Royalty, New FIG Royalty and Software Technology Services Fee in accordance with this Article V that in the aggregate
for a given Alipay fiscal year exceed the amount that would have been paid had the Accrued Deposit Amount been zero, Alibaba shall return or repay an amount of the deposits or loans, respectively, equal to such excess, and the Accrued Deposit Amount
shall be reduced by an amount equal to such excess. Upon the third anniversary of any such deposit or loan, to the extent that the amount so deposited or loaned has not been returned or repaid pursuant to this Section 5.3, (i) the
obligations of Alibaba under the preceding sentence (and any such deposit or loan) shall terminate, (ii) Alibaba shall be entitled to retain and own, and Purchaser shall no longer have any rights to, the remaining amount of such deposit or
loan, and (iii) the Accrued Deposit Amount shall be reduced by the remaining amount of such deposit or loan. 

  
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 (c) The “Accrued Excess Fee Amount” shall initially be zero. If the Adjusted
Target Amount is less than the Fee/Royalty Sum, Purchaser shall pay only the Target Amount to Alibaba on the Payment Date, the difference between the Target Amount and the Fee/Royalty Sum paid shall be deferred and no longer due as of such Payment
Date, and the Accrued Excess Fee Amount shall be increased by the amount of such difference. The Accrued Excess Fee Amount shall remain an outstanding obligation of the Purchaser unless and until paid or extinguished in accordance with this Amended
IPLA. Upon any payment of any Alipay Royalty, New FIG Royalty and Software Technology Services Fee in accordance with this Article V that in the aggregate for a given Alipay fiscal year is less than the amount that would have been paid had
the Accrued Excess Fee Amount been zero, Purchaser will pay to Alibaba an amount of the Accrued Excess Fee Amount equal to such difference, and the Accrued Excess Fee Amount shall be reduced by such amount. Upon the third anniversary of any such
deferral, to the extent that the amount so deferred has not been paid or extinguished in accordance with this Section 5.3, (i) the obligations of Purchaser under the preceding sentence shall terminate, (ii) Purchaser shall be
entitled to retain and own, and Alibaba shall no longer have any rights to, such deferred amount, and (iii) the Accrued Excess Fee shall be reduced by such deferred amount. 

(d) If at any time and from time to time, both the Accrued Deposit Amount and Accrued Excess Fee are greater than zero, then they shall be
automatically netted against each other such that the larger of the two amounts is reduced to the difference between the two amounts, and the smaller of the two amounts is reduced to zero. From time to time, (i) Purchaser may, subject to the
prior consent of Alibaba, transfer assets to Alibaba, which shall be deemed to be contributed to Alibaba at their fair market value in satisfaction of an equal amount of the Accrued Excess Fee Amount, and (ii) Alibaba may, subject to the prior
written consent of Purchaser, transfer assets to Purchaser, which shall be deemed to be contributed to Purchaser at their fair market value in satisfaction of an equal amount of the Accrued Deposit Amount. 

Section 5.4 Taxes. Each Party and the Payor shall bear the taxes applicable to it in connection with this Amended IPLA, including
but not limited to turnover tax, business tax, value-added tax, income tax, profits tax or other taxes. 

  
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 Section 5.5 Books and Records; Audit Rights. 

(a) Purchaser and the other members of the Purchaser Group shall each maintain (and cause to be maintained) complete and accurate books and
records, in accordance with International Financial Reporting Standards, for the purpose of supporting and documenting the Alipay Royalty, New FIG Royalty and Software Technology Services Fee payable hereunder, and as otherwise reasonably necessary
to confirm Purchaser’s and Payor’s compliance with the terms and conditions of this Amended IPLA. All such books and records will be retained at each respective company’s, or its applicable Subsidiary’s, principal place of
business for a period of at least three (3) years after the payments to which they pertain have been made. The relevant books and records of the Purchaser Group will be open for inspection and audit during such three (3) year period
for the purpose of verifying the accuracy of the payments and charges made hereunder. 
 (b) Upon reasonable advance written request of
Alibaba to Purchaser, the Parties shall conduct, no more than once per fiscal year a joint audit of the consolidated financials of Purchaser and the other members of the Purchaser Group for the purposes of calculating the Alipay Royalty, New FIG
Royalty and Software Technology Services Fee. The auditor for such audit will be Ernst & Young or another internationally recognized auditor agreed to by the Parties (Ernst & Young or such other agreed auditor, the
“Auditor”), and the Auditor shall generate a reasonably detailed report, sufficient to document the accuracy of the applicable payments and charges made by Purchaser or the Payor, and any over- or under-payments or charges. The
report will be simultaneously provided to Purchaser and Alibaba. 
 (c) If any audit discloses a shortfall in Alipay Royalty, New FIG Royalty
and Software Technology Services Fee payments made during the period audited, Purchaser or the Payor shall pay (subject to Section 5.3) Alibaba IT (A50) or Alibaba (as directed by Alibaba) such underpaid amounts promptly thereafter. 

(d) If any audit discloses that Purchaser or the Payor overpaid the Alipay Royalty, New FIG Royalty and Software Technology Services Fee during
the period audited, Alibaba IT (A50) or Alibaba shall credit (subject to Section 5.3) the excess amount against the following year’s Alipay Royalty, New FIG Royalty and Software Technology Services Fee, as agreed by the parties, or
in the event this Amended IPLA has terminated, shall refund such excess amount. 
 (e) Each entity’s books and records for any
applicable period may be audited or investigated only once, provided that in the event any such audit or investigation reveals an underpayment of Alipay Royalty, New FIG Royalty and/or Software Technology Services Fee hereunder, Alibaba or Purchaser
may, in its discretion, conduct one (1) additional audit or investigation of such entity’s books and records, according to the procedures set forth in this Section 5.5, in the twelve (12) months following the audit or
investigation that revealed the underpayment or miscalculation. For clarity, neither Party nor its Subsidiaries shall be required to disclose to the other, or its auditors, pursuant to this Section 5.5, any Source Code, any materials or
information protected by attorney client, work product or similar privileges, or any information that the other Person or its auditors or investigators, as the case may be, is not permitted to access pursuant to applicable Law. Before beginning its
investigation, the Auditor shall execute a confidentiality agreement with Purchaser or other applicable members of the Purchaser Group that (A) limits the disclosure to Alibaba IT (A50) or Alibaba of information obtained by the firm as part of
the audit or investigation, to the results of the audit or investigation, the determinations of the firm in connection therewith, and the basis for such determinations, but (B) does not permit the disclosure to Alibaba IT (A50) or Alibaba of
any Personal Information, any Source Code or information that Alibaba IT (A50) or Alibaba is not permitted to access in accordance with this Amended IPLA pursuant to applicable Law. 

  
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 Section 5.6 Disputed Royalty or Charges. In the event Alibaba and Purchaser, or their
applicable Subsidiaries, after reasonable consultation between representatives of each Party, cannot agree on the proper amounts to be paid and/or credited between Purchaser or Payor and Alibaba IT (A50) or Alibaba, after conducting any audit as
described in Section 5.5, the dispute will be finally settled in accordance with the dispute resolution procedures set forth in Section 15.6. 

Section 5.7 Alibaba Independent Committee. Alibaba shall elect to have the Auditor conduct a joint audit, and shall exercise
Alibaba’s and Alibaba IT’s (A50) other rights under this Article V, if and to the extent so requested by the Alibaba Independent Committee. 

Section 5.8 Income Share Buyout Amount. Upon an Income Share Buyout Event, the fees and payments described in this Article V shall
be reduced in accordance with their terms, in consideration of a lump-sum cash payment from Purchaser to Alibaba and/or Alibaba IT (A50) (the “Income Share Buyout Amount”) agreed in good faith between the Parties as the fair value
of the projected decrease in the payments to be made pursuant to this Article V, to be paid at or prior to the Issuance related to the relevant Income Share Buyout Event. 

ARTICLE VI 

INTELLECTUAL PROPERTY PROSECUTION AND ENFORCEMENT 

Section 6.1 IP Prosecution and Registration. 

(a) Alibaba shall have the sole control and discretion over the filing for, prosecution and maintenance of any Alipay-Related IP and New FIG
Business-Related IP. 
 (b) Alibaba shall have the first right, at its option, but subject to the exceptions set forth in
Section 6.1(c), to control at its own expense the filing for, and prosecution and maintenance of, any Alipay-Exclusive IP or New FIG Business-Exclusive IP (“Alipay-Exclusive Prosecution Function”). For so long as there are
personnel employed or engaged by Alibaba or its Subsidiaries (or operating under the management or supervision of a manager or supervisor employed or engaged by Alibaba or its Subsidiaries) who have responsibility for patent applications, domain
name registrations, and/or trademark registrations of Purchaser or its Subsidiaries, or that comprise Alipay-Exclusive IP or New FIG Business-Exclusive IP (as the Parties acknowledge to be the case as of the Effective Date), such personnel will
(i) continue to have access to the prosecution files and docket system to review the status of any filings for, and prosecution of, the Alipay Exclusive IP and the New FIG-Business Exclusive IP and (ii) have the responsibility and an
obligation to raise with Purchaser or its designated Subsidiary and Alibaba any objections to the manner in which any Alipay-Exclusive IP or New FIG Business-Exclusive IP is being handled, including whether and how any Alipay-Exclusive Patents, New
FIG Business-Exclusive Patents, Alipay-Exclusive Domain Names, New FIG Business-Exclusive Domain Names, Alipay-Exclusive Trademarks or New FIG Business-Exclusive Trademarks are being filed for, prosecuted and/or maintained. Alibaba shall, at
Purchaser’s or its designated Subsidiary’s request and at reasonable intervals, provide Purchaser or its designated Subsidiary with information reasonably requested by Purchaser or its designated Subsidiary regarding the status of filing,
prosecution and maintenance of any Alipay-Exclusive Patents, New FIG Business-Exclusive Patents, Alipay-Exclusive Domain Names, New FIG Business-Exclusive Domain Names, Alipay-Exclusive Trademarks or New FIG Business-Exclusive Trademarks, or allow
appropriate personnel of Purchaser or its designated Subsidiary to directly access such information (in either event, permitting the appropriate personnel of Purchaser or its designated Subsidiary or their outside counsel reasonable access to the
files, or copies of the files, of the Alipay-Exclusive Patents, New FIG Business-Exclusive Patents, Alipay-Exclusive Domain Names, New FIG Business-Exclusive Domain Names, Alipay-Exclusive Trademarks and New FIG Business-Exclusive Trademarks) and
considering, in good faith, any suggestions or recommendations such personnel or counsel may have with respect to the conduct of the prosecution and maintenance of such Alipay Exclusive-Patents, New FIG Business-Exclusive Patents, Alipay-Exclusive
Domain Names, New FIG Business-Exclusive Domain Names, Alipay-Exclusive Trademarks and New FIG Business-Exclusive Trademarks. 

  
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 (c) If Purchaser or a designated Subsidiary establishes its own Intellectual Property Rights
group capable of handling the filing for, or prosecution or maintenance of, patent applications, domain names, and/or trademark registrations (“IP Function Separation”), the Parties shall, at the request of Purchaser or Alibaba,
discuss in good faith a process and procedures by which such group will assume responsibility for the Alipay-Exclusive Prosecution Function. The Parties acknowledge that if such process and procedures authorize Purchaser or its designated Subsidiary
to take actions in the name of Alibaba or its Affiliates, such process and procedures will include reasonable protections for Alibaba and its Affiliates. 

(d) If, after but notwithstanding the IP Function Separation, Purchaser elects not to assume responsibility for the Prosecution Function,
Alibaba will (i) at Purchaser’s or its designated Subsidiary’s request, at reasonable intervals, provide Purchaser or its designated Subsidiary with information reasonably requested by Purchaser or its designated Subsidiary regarding
the status of filing, prosecution and maintenance of any Alipay-Exclusive Patents, New FIG Business-Exclusive Patents, Alipay-Exclusive Domain Names, New FIG Business-Exclusive Domain Names, Alipay-Exclusive Trademarks or New FIG Business-Exclusive
Trademarks, or (ii) allow appropriate personnel of Purchaser or its designated Subsidiary to access such information (e.g., through access to Alibaba’s docket). If personnel of Purchaser or its designated Subsidiary do not have such
access, and Alibaba then elects to abandon, dedicate to the public, or otherwise allow to lapse any Alipay-Exclusive Patent, New FIG Business-Exclusive Patent, Alipay-Exclusive Domain Name, New FIG Business-Exclusive Domain Name, Alipay-Exclusive
Trademark or New FIG Business-Exclusive Trademark, Alibaba shall use commercially reasonable efforts to notify Purchaser or its designated Subsidiary of such election, and Purchaser or its designated Subsidiary shall then have the right, at
Alibaba’s election, (i) to undertake the prosecution and maintenance of such Alipay-Exclusive Patent, New FIG Business-Exclusive Patent, Alipay-Exclusive Domain Name, New FIG Business-Exclusive Domain Name, Alipay-Exclusive Trademark or
New FIG Business-Exclusive Trademark, at Purchaser’s or its designated Subsidiary’s own expense, in the name of Alibaba, or (ii) to receive an assignment to Purchaser or its designated Subsidiary, subject to Section 2.7(a), of
Alibaba’s entire right, title and interest in and to such Alipay-Exclusive Patent, New FIG Business-Exclusive Patent, Alipay-Exclusive Domain Name, New FIG Business-Exclusive Domain Name, Alipay-Exclusive Trademark or New FIG Business-Exclusive
Trademark, together with the right to recover any damages for past infringement of any such Alipay-Exclusive Patent or New FIG Business-Exclusive Patent. If Alibaba elects to allow Purchaser or its designated Subsidiary to prosecute an
Alipay-Exclusive Patent, New FIG Business-Exclusive Patent, Alipay-Exclusive Domain Name, New FIG Business-Exclusive Domain Name, Alipay-Exclusive Trademark or New FIG Business-Exclusive Trademark in the name of Alibaba, such prosecution shall be
subject to Alibaba’s approval, which approval shall not be unreasonably withheld. In any event, Purchaser or its designated Subsidiary shall, at Alibaba’s reasonable request, provide Alibaba with reasonable information regarding the status
of any applications or registrations for which Purchaser or its designated Subsidiary has undertaken the prosecution or maintenance or which Alibaba has assigned to Purchaser or its designated Subsidiary. Until such time as Alibaba elects to
abandon, dedicate to the public, or otherwise allow to lapse any Alipay-Exclusive Patent, New FIG Business-Exclusive Patent, Alipay-Exclusive Domain Name, New FIG Business-Exclusive Domain Name, Alipay-Exclusive Trademark or New FIG
Business-Exclusive Trademark, Alibaba will, at Purchaser’s or its designated Subsidiary’s reasonable request, use commercially reasonable efforts to include notifications in its applicable Intellectual Property dockets, and to instruct its
outside counsel responsible for Intellectual Property prosecution to include in its applicable Intellectual Property dockets maintained on behalf of Alibaba, that no Alipay-Exclusive Patent, New FIG Business-Exclusive Patent, Alipay-Exclusive Domain
Name, New FIG Business-Exclusive Domain Name, Alipay-Exclusive Trademark or New FIG Business-Exclusive Trademark expressly identified as such in the applicable docket should be abandoned, dedicated to the public or otherwise allowed to lapse without
providing advanced notice to Purchaser or its designated Subsidiary. 

  
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 (e) Notwithstanding the foregoing, no failure of Alibaba to provide to Purchaser or its
designated Subsidiary any notice or other information contemplated, or of Alibaba or its outside counsel to include any notifications in any Intellectual Property docket pursuant to this Article VI shall create any liability on the part of Alibaba
or any of its Affiliates in excess of Twenty-Five Thousand United States Dollars (US$25,000) per patent or patent application, not to exceed One Hundred Twenty Five Thousand United States Dollars (US$125,000) per patent family. 

Section 6.2 Patent Enforcement. Alibaba will have the sole control and discretion over the enforcement or defense of any
Alipay-Related Patent and New FIG Business-Related Patent. In the event that Purchaser or its designated Subsidiary reasonably believes that any Alipay-Exclusive Patent or New FIG Business-Exclusive Patent is being infringed by a third Person,
Purchaser or its designated Subsidiary shall promptly notify Alibaba in writing, or in the event that a declaratory judgment action is brought against Purchaser or any of its Subsidiaries with respect to an Alipay-Exclusive Patent or New FIG
Business-Exclusive Patent (or a reexamination request or post-grant challenge is filed against an Alipay-Exclusive Patent or New FIG Business-Exclusive Patent), it shall promptly notify Alibaba in writing. 

  
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 (a) As between the Parties hereto, Alibaba shall have the initial right (but not the obligation)
to control the enforcement of the Alipay-Exclusive Patents and New FIG Business-Exclusive Patents, or defend any declaratory judgment action against Purchaser or any of its Subsidiaries (or reexamination request or post-grant challenge) with respect
thereto (each, for purposes of this Section 6.2, an “Enforcement Action”). All recoveries obtained by Alibaba from an Enforcement Action pursuant to this Section 6.2(a) will be first used to reimburse Alibaba for its
out-of-pocket litigation expenses (including but not limited to any attorneys’ fees and court costs) in connection with the Enforcement Action and one hundred percent (100%) of any remaining recoveries will go to Purchaser or its
designated Subsidiary. For clarity, any such recoveries shall be included in the consolidated pre-tax income of the Purchaser Group for the applicable fiscal year in which they are accrued, and shall be taken into consideration in the calculation of
the Alipay Royalty and New FIG Royalty pursuant to Article V. At the request of Purchaser or its designated Subsidiary, Alibaba shall keep Purchaser or its designated Subsidiary reasonably informed of the progress of any such Enforcement Action
brought or defended by Alibaba pursuant to this Section 6.2(a). 
 (b) In the event that Alibaba does not initiate an Enforcement Action
to enforce the Alipay-Exclusive Patents or New FIG Business-Exclusive Patents against a commercially significant infringement by a third Person in the field of the FIG Holdco Business (“Qualifying Infringement”), within ninety
(90) days after a formal, written request by Purchaser or its designated Subsidiary to initiate such Enforcement Action, Alipay or its designated Subsidiary (in the case of an Alipay-Exclusive Patent) or Purchaser or its designated Subsidiary
(in the case of a New FIG Business-Exclusive Patent) may initiate an Enforcement Action against such infringement. In the event that Alibaba does not promptly undertake, at Alibaba’s expense, the defense of a declaratory judgment action against
Purchaser or any of its Subsidiaries (or a reexamination request or post-grant challenge) with respect to any of the Alipay Exclusive Patents or New FIG Business-Exclusive Patents, Alipay or its designated Subsidiary (in the case of an
Alipay-Exclusive Patent) or Purchaser or its designated Subsidiary (in the case of a New FIG Business-Exclusive Patent) shall have the right to do so at its own expense. Alipay or its designated Subsidiary or Purchaser or its designated Subsidiary,
as applicable, must consult with Alibaba prior to initiating any Enforcement Action or defending any declaratory judgment action (or reexamination) pursuant to this Section 6.2(b) with respect to an Alipay-Exclusive Patent or New FIG
Business-Exclusive Patent, and shall not assert any Alipay-Exclusive Patent or New FIG Business-Exclusive Patent against any third Person if, in the written opinion of outside patent counsel mutually agreed to by the Parties, it is more likely than
not that such third Person is not infringing the Alipay Exclusive Patent or New FIG Business-Exclusive Patent in the field of the FIG Holdco Business. Alibaba shall have the right (but not the obligation) to cooperate, at Alipay’s or its
designated Subsidiary’s expense or Purchaser’s or its designated Subsidiary’s expense, in any Enforcement Action initiated or defended by Alipay or its designated Subsidiary or Purchaser or its designated Subsidiary under this
Section 6.2(b) (including joining such Enforcement Action as a party plaintiff if necessary or desirable for initiation or continuation of such Enforcement Action) and shall have the right (but not the obligation) to participate and be
represented in any such Enforcement Action with counsel of its choice at Alibaba’s own expense. In any event, Alipay or its designated Subsidiary or Purchaser or its designated Subsidiary shall keep Alibaba reasonably informed of the progress
of any such Enforcement Action initiated or defended by Alipay or its designated Subsidiary or Purchaser or its designated Subsidiary pursuant to this Section 6.2(b) and, upon Alibaba’s request, shall seek Alibaba’s input on any
substantive submissions or positions it takes in the litigation regarding the scope, validity and enforceability of the Alipay-Exclusive Patents and New FIG Business-Exclusive Patents. Alipay or its designed Subsidiary or Purchaser or its designated
Subsidiary, as applicable, shall have the right to enter into an agreement in settlement of any Enforcement Action brought or defended pursuant to this Section 6.2(b), including the grant of a license within the field of the Alipay Business (in
the case of an Alipay-Exclusive Patent) or New FIG Business (in the case of a New FIG Business-Exclusive Patent), but shall not enter into any settlement agreement which would impose any obligation or cost on, or otherwise adversely affect, Alibaba
or any of its Subsidiaries (for clarity, for purposes or the foregoing, the Parties acknowledge that a non-exclusive license consistent with this Amended IPLA that is granted to the defendant in any such Enforcement Action shall not be regarded as
adversely affecting Alibaba or its Subsidiaries), or make any admission relating to the validity or enforceability of any Alipay-Exclusive Patents or New FIG Business-Exclusive Patents, without the prior written consent of Alibaba, such consent not
to be unreasonably withheld or delayed. All recoveries obtained by Purchaser or its designated Subsidiary from an Enforcement Action pursuant to this Section 6.2(b) will be first used to reimburse Alibaba for its out-of-pocket
litigation-related expenses (including reasonable attorneys’ fees and court costs) in connection with the Enforcement Action and any remaining recoveries will be retained one hundred percent (100%) by Purchaser and/or its Subsidiaries (as
designated by Purchaser) and included in the consolidated pre-tax income of the Purchaser Group in the fiscal year in which such recoveries are accrued. 

  
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 (c) Notwithstanding anything set forth in Section 6.2(b), Alibaba may, in its sole
discretion, refuse to cooperate with Alipay or its designated Subsidiary or Purchaser or its designated Subsidiary in connection with, or otherwise participate in, any Enforcement Action (“Right of Refusal”), and Alipay or its
designated Subsidiary or Purchaser or its designated Subsidiary shall not seek to join Alibaba or any Alibaba Subsidiary as a party in any Enforcement Action. In the event Alibaba exercises its Right of Refusal with respect to any Alipay-Exclusive
Patents or New FIG Business-Exclusive Patents, then, upon Alipay’s or its designated Subsidiary’s or Purchaser’s or its designated Subsidiary’s written request, Alibaba agrees to cooperate with Alipay or designated Subsidiary or
Purchaser or its designated Subsidiary to determine if the assignment of any Alipay-Exclusive Patent or New FIG Business-Exclusive Patent to Alipay or its designated Subsidiary, or to Purchaser or its designated Subsidiary, as applicable, or waiver
of Alibaba’s right to enforce the subject Alipay-Exclusive Patent or New FIG Business-Exclusive Patent would be necessary for the purposes of Alipay or its designated Subsidiary or Purchaser or its designated Subsidiary to pursue or defend the
applicable Enforcement Action. If Alibaba and Alipay or its designated Subsidiary , or Purchaser or its designated Subsidiary , determine that such an assignment of any Alipay-Exclusive Patent(s) or New FIG Business-Exclusive Patent(s), as
applicable, or waiver of Alibaba’s rights is necessary, then Alibaba will elect, in its sole discretion and subject to the unanimous approval of the Alibaba Independent Committee as to which option to elect: (i) to join in the applicable
Enforcement Action, (ii) file appropriate papers with the applicable court confirming that it waives its rights to enforce the applicable Alipay-Exclusive Patent or New FIG Business-Exclusive Patent and agrees that Alipay or its designated
Subsidiary or Purchaser or its designated Subsidiary may enforce such Alipay-Exclusive Patent or New FIG Business-Exclusive Patent, as applicable, or (iii) to assign to Alipay or its designated Subsidiary, or to Purchaser or its designated
Subsidiary, as applicable, at Alibaba’s sole cost and expense and subject to Section 2.7(a), Alibaba’s entire right, title and interest in and to such Alipay-Exclusive Patent(s) or New FIG Business-Exclusive Patent(s), together with
the right to recover any damages for past infringement of such Alipay-Exclusive Patent(s) or New FIG Business-Exclusive Patent(s). For clarity, any Alipay-Exclusive Patent or New FIG Business-Exclusive Patent assigned to Alipay or its designated
Subsidiary, or to Purchaser or its designated Subsidiary, pursuant to this Section 6.2(c) will constitute Alipay-Retained IP licensed to Alibaba and its Subsidiaries pursuant to Section 2.7(a). 

  
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 ARTICLE VII 

WARRANTIES 

Section 7.1 Limited Software Technology Services Warranty. Alibaba warrants that the Software Technology Services shall be
performed in a manner consistent with similar services historically provided by the Alipay IP/Technology Providers to other Subsidiaries of the Alibaba Group (including Alipay and its Subsidiaries). This warranty will be in effect for a period of
thirty (30) days from the completion of any Software Technology Services. As Alipay’s and the Alipay Subsidiaries’ sole and exclusive remedy and Alibaba’s and the Alipay IP/Technology Provider’s entire liability for any
breach of the foregoing warranty, Alibaba shall, at its sole option and expense, promptly re-perform, or caused to be re-performed, any Software Technology Services that fail to meet this limited warranty or refund to Alipay the fees paid for the
non-conforming Software Technology Services. 
 Section 7.2 Alipay-Exclusive IP and New FIG Business-Exclusive IP Warranty.
Purchaser represents and warrants to Alibaba as of the Effective Date that (a) the Stage 1 Retained IP and each of the Alipay-Exclusive Copyrights (including the Alipay-Exclusive Software and Alipay-Exclusive Other Materials) set forth in
Exhibit A, the Alipay-Exclusive Domain Names set forth in Exhibit B, the New FIG Business-Exclusive Domain Names set forth in Exhibit I, the Alipay-Exclusive Trademarks set forth in Exhibit D and the New FIG
Business-Exclusive Trademarks set forth in Exhibit K, in each case, is exclusively used in and relates solely to the Alipay Business or the New FIG Business, as applicable, as conducted by Alipay and its Subsidiaries or by Purchaser and its
Subsidiaries (other than Alipay and its Subsidiaries), as applicable, and is not used in, or necessary for use by, Alibaba or its Affiliates in connection with the conduct of the Alibaba Business, and (b) each of the Alipay-Exclusive Patents
set forth in Exhibit C and the New FIG Business-Exclusive Patents set forth in Exhibit J is based solely on inventions made solely by employees or contractors of Alipay IT Company (Z53), Alipay Software Ltd. (Z52), Purchaser or
Purchaser’s Subsidiaries. 
 Section 7.3 Warranty Disclaimer. THE EXPRESS WARRANTIES IN SECTION 7.1 ARE IN LIEU OF, AND
ALIBABA AND THE RELEVANT ALIBABA SUBSIDIARIES HEREBY DISCLAIM, ALL OTHER WARRANTIES, REPRESENTATIONS OR CONDITIONS OF ANY KIND, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE, TITLE AND NONINFRINGEMENT. WITHOUT LIMITATION TO THE GENERALITY OF THE FOREGOING, EXCEPT AS EXPRESSLY PROVIDED IN SECTION 7.1, THE LICENSED IP IS LICENSED BY ALIBABA AND THE RELEVANT ALIBABA SUBSIDIARIES TO ALIPAY, ALIPAY SUBSIDIARIES,
PURCHASER AND PURCHASER SUBSIDIARIES AND THE SOFTWARE TECHNOLOGY SERVICES AND ANY RELATED WORK PRODUCT ARE PROVIDED “AS IS,” WITHOUT WARRANTY OF ANY KIND, AND SHALL NOT BE SUBJECT TO ANY STANDARDS, SERVICE LEVELS, REVIEWS, MODIFICATIONS OR
ACCEPTANCE CRITERIA OF ANY KIND UNLESS OTHERWISE EXPRESSLY AGREED BY THE PARTIES IN WRITING. 

  
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 ARTICLE VIII 

INDEMNIFICATION 

Section 8.1 Purchaser Indemnification of Alibaba. Purchaser agrees on behalf of itself and its Subsidiaries, to defend, indemnify,
and hold harmless Alibaba, the Alipay IP/Technology Provider, and Alibaba’s other Affiliates, and each of their respective directors, officers, employees, representatives and agents (the “Alibaba Indemnitees”) from and against
any and all claims, actions, causes of action, judgment, awards, liabilities, losses, costs or damages (including reasonably attorneys’ fees and expenses) (collectively, “Losses”) arising out of or relating to any claim by any
third Person arising out of or relating to Purchaser’s and/or the Purchaser Subsidiaries’ use of, or the exercise of its rights in and to, the Licensed IP, the Stage 1 Retained IP and the SME Loan Know-How. For clarity, the Parties
acknowledge that to the extent that a claim arises out of or relates to the Services (as defined in the 2011 Commercial Agreement) provided to Alibaba or its Subsidiaries under the 2011 Commercial Agreement, the indemnification provisions of the
2011 Commercial Agreement (rather than this Section 8.1) shall apply. 
 Section 8.2 Indemnification Procedures. 

(a) Promptly after receipt by Alibaba of notice of the commencement or threatened commencement of any action, suit, proceeding, claim,
arbitration, investigation or litigation, whether civil or criminal, at Law or in equity, made or brought by a third Person (each a “Third Party Claim”), in respect of which Alibaba will seek indemnification pursuant to
Section 8.1, Alibaba shall notify Purchaser of such Third Party Claim in writing. No failure to so notify Purchaser shall relieve it of its obligations under this Amended IPLA, except to the extent that it can demonstrate that it was materially
prejudiced by such failure. 
 (b) Purchaser shall have thirty (30) days after receipt of notice to elect, at its option, to assume and
control the defense of, at its own expense and by its own counsel, any such Third Party Claim, and shall be entitled to assert any and all defenses available to Alibaba, Alibaba’s Subsidiaries, including the Alipay IP/Technology Provider to the
fullest extent permitted under applicable Law; provided, however, that Purchaser shall have no right to assume and control, and Alibaba shall at all times remain in sole control of (including selecting counsel), the defense of any
Third Party Claim related to taxes. If Purchaser shall undertake to compromise or defend any such Third Party Claim, it shall promptly, but in any event within ten (10) days of the receipt of notice from Alibaba of such Third Party Claim,
notify Alibaba of its intention to do so, and Alibaba shall cooperate fully with Purchaser and its counsel in the compromise of, or defense against, any such Third Party Claim; provided, however, that (A) Purchaser shall not
settle, compromise or discharge, with respect to, any such Third Party Claim without Alibaba’s prior written consent (which consent shall not be unreasonably withheld, delayed, or conditioned) and (B) Purchaser shall not admit any
liability with respect to any such Third Party Claim without Alibaba’s prior written consent (which consent shall not be unreasonably withheld, delayed, or conditioned). 

  
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 (i) Notwithstanding an election by Purchaser to assume the defense of any Third Party Claim,
Alibaba and/or the applicable member of the Alibaba Indemnitees shall have the right to employ separate counsel and to participate in the defense of such Third Party Claim, and Purchaser shall bear the reasonable fees, costs and expenses of such
separate counsel if (1) Alibaba shall have determined in good faith that an actual or potential conflict of interest makes representation by the same counsel or the counsel selected by Purchaser inappropriate, or (2) Purchaser shall have
authorized Alibaba to employ separate counsel at Purchaser’s expense. 
 (ii) Alibaba, Purchaser, and their respective counsel shall
cooperate in the defense of any Third Party Claim subject to Section 8.1, keep such persons informed of all developments relating to any such Third Party Claims, and provide copies of all relevant correspondence and documentation relating
thereto, except as necessary to preserve attorney-client, work product and other applicable privileges. All reasonable costs and expenses incurred in connection with Alibaba’s cooperation shall be borne by Purchaser. In any event, Alibaba
and/or the applicable member of the Alibaba Indemnitees shall have the right at its own expense to participate in the defense of such asserted liability. 

(c) If Purchaser does not elect to defend a Third Party Claim pursuant to Section 8.2(b), or does not defend such Third Party Claim in
good faith, Alibaba and/or the Alipay IP/Technology Provider or Alibaba Affiliate shall have the right, in addition to any other right or remedy it may have hereunder, at Purchaser’s expense, to defend such Third Party Claim; provided,
however, that Alibaba and/or the Alipay IP/Technology Provider or Alibaba Affiliate shall not settle, compromise or discharge, or admit any liability with respect to, any such Third Party Claim without Purchaser’s prior written consent,
which consent shall not be unreasonably withheld, delayed, or conditioned. 

  
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 ARTICLE IX 

CONFIDENTIALITY 

Section 9.1 Confidential Information. Each Party (the “Receiving Party”) shall use the same standard of care to
prevent the public disclosure and dissemination of the Confidential Information of the other Party or its Subsidiaries (the “Disclosing Party”) as the Receiving Party uses to protect its own comparable Confidential Information.
“Confidential Information” of a Party means confidential, non-public marketing plans, product plans, business strategies, financial information, forecasts, Personal Information, Highly Sensitive Information, customer lists and
customer data, technical documents and information and any similar confidential, non-public materials and information, regarding such Party and its Affiliates, or their representatives or customers, disclosed by the Disclosing Party to the Receiving
Party under or in connection with the IPLA or this Amended IPLA, whether orally, electronically, in writing, or otherwise, including copies thereof, in each case to the extent expressly marked in writing as “Confidential,” or, if disclosed
orally, identified as confidential at the time of disclosure and set forth or summarized in a written document expressly marked as “Confidential” delivered to the Receiving Party no later than thirty (30) days after the date of the
initial oral disclosure thereof, or, if not so marked or identified as “Confidential,” shall nevertheless be regarded as Confidential Information if a reasonable person under the circumstances would know the information is considered
confidential by the Disclosing Party. Confidential Information of Alibaba includes the Source Code of the Alipay-Exclusive Software and the Source Code and Object Code of the Alipay-Related Software. Notwithstanding the foregoing,
(a) Confidential Information may be disclosed on an as needed basis to personnel or subcontractors (in the case of Purchaser, solely to Permitted Subcontractors) of the Receiving Party and its Subsidiaries solely as and to the extent required
for the purpose of fulfilling the Receiving Party’s obligations or exercising the Receiving Party’s rights under any Transaction Document (including, in the case Alibaba and its Subsidiaries, its rights to contract with other Persons for
the procurement by Alibaba or its Subsidiaries of services comparable to the Services (as defined in the 2011 Commercial Agreement)), (b) Confidential Information may be disclosed and used as expressly permitted pursuant to the Data Sharing
Agreement with respect to Contributed Data (as defined in the Data Sharing Agreement), and (c) nothing in this Section 9.1 shall be deemed to prevent Purchaser and its Subsidiaries from engaging in the FIG Holdco Business or Alibaba and
its Subsidiaries from engaging in the business of Alibaba and its Subsidiaries or otherwise preventing Purchaser or Alibaba and their respective Subsidiaries from exercising their rights in and to the Licensed IP, Alipay-Retained IP or Alipay
Non-Core IP. Nonetheless, each Receiving Party (x) shall, except as expressly permitted by the Data Sharing Agreement with respect to Contributed Data (as defined in the Data Sharing Agreement), limit the disclosure of the Disclosing
Party’s Confidential Information to third Persons to what is necessary for a reasonable purpose in the conduct of the business of the Receiving Party (including its Subsidiaries), and (y) Alibaba and its Subsidiaries shall not disclose any
Highly Sensitive Information to any third Persons, except as expressly permitted in the Data Sharing Agreement with respect to Contributed Data (as defined in the Data Sharing Agreement), or with respect to user data to the extent that
(i) disclosure of such user data is required for the purpose of engaging a third Person to provide services comparable to the Services (as defined in the 2011 Commercial Agreement) (provided that such third Person shall not use such user data
for any other purpose), (ii) disclosure of such user data to such third Person in accordance with this Amended IPLA does not violate applicable Law, and (iii) disclosure of such user data to such third Person in accordance with this
Amended IPLA does not violate the terms of use or terms of service under which such data was collected. Each Receiving Party shall take all reasonable steps to ensure that any such Confidential Information disclosed to any personnel or
subcontractors in accordance with this Section 9.1 is treated as confidential by the personnel, Subsidiary Sublicensees, Permitted Subcontractors, and Alipay End Users to whom it is disclosed, and shall require the foregoing to enter into an
agreement which imposes confidentiality obligations no less protective of the Confidential Information than those imposed under this Amended IPLA. 

Section 9.2 Permitted Disclosures. The provisions of this Article IX shall not apply to any Confidential Information which:
(a) is or becomes commonly known within the public domain other than by breach of this Amended IPLA or any other agreement that the Disclosing Party has with any Person; (b) is obtained from a third Person who is lawfully authorized to
disclose such information free from any obligation of confidentiality; (c) is independently developed without reference to or use of any Confidential Information of the Disclosing Party; or (d) is rightfully known to the Receiving Party
without any obligation of confidentiality prior to its receipt from the Disclosing Party. 

  
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 Section 9.3 Disclosure in Compliance With Law. Nothing in this Article IX shall
prevent the Receiving Party from disclosing Confidential Information where it is required to be disclosed by judicial, administrative, governmental, or regulatory process in connection with any action, suit, Proceeding or claim, or otherwise by
applicable Law; provided, however, that the Receiving Party shall, if legally permitted, give the Disclosing Party prior reasonable notice as soon as possible of such required disclosure so as to enable the Disclosing Party to seek
relief from such disclosure requirement or measures to protect the confidentiality of the disclosure. 
 Section 9.4 Restricted
Data. Notwithstanding anything to the contrary set forth herein, nothing in this Amended IPLA shall require Purchaser or its Subsidiaries to disclose to Alibaba or its Subsidiaries any information, communications or documents that are protected
by attorney-client privilege, work product privilege or is protected under similar legal principles in foreign jurisdictions, or Personal Information of any person, or any other information or data where such disclosure would be prohibited by
applicable Law, including PRC Laws relating to payment data security or state economic security. 
 Section 9.5 Confidentiality of
the Licensed IP. In addition to the obligations set forth in Section 9.1 and Section 2.4(c), Purchaser and its Subsidiary Sublicensees shall comply with the obligations set forth in this Section 9.5 with respect to the
Alipay-Exclusive Software and Alipay-Related Software. Purchaser and the Subsidiary Sublicensees shall take reasonable steps, during the Term with respect to Alipay-Exclusive Software, and both during and after the Term with respect to
Alipay-Related Software, to ensure that no unauthorized copy, in whole or in part, of the Alipay-Exclusive Software or Alipay-Related Software will be made available to any third Person. Purchaser and the Subsidiary Sublicensees shall use the
Alipay-Exclusive Software and Alipay-Related Software disclosed to each of them hereunder under carefully controlled conditions, shall distribute such Alipay-Exclusive Software and Alipay-Related Software only to each of its respective employees
with a need to have access thereto, and solely to the extent necessary to exercise their license or sublicense rights set forth in this Amended IPLA, and Purchaser and each Subsidiary Sublicensee shall observe, at a minimum, the same level of
security, copy restrictions and non-disclosure as it exercises with respect to confidential Alipay-Exclusive Software and Alipay-Related Software and related documentation for each of their own products, which in no event shall be less than a
reasonable degree of care. Purchaser shall be fully responsible for the conduct of its employees, agents, representatives, Subsidiary Sublicensees and Permitted Subcontractors who may in any way breach this Amended IPLA, and Purchaser shall
immediately notify Alibaba of any known breach of this Amended IPLA including any act or omission by any Purchaser Affiliate that, if committed by Purchaser, would constitute a breach of this Amended IPLA. 

Section 9.6 Residuals. Notwithstanding anything to the contrary herein, the Receiving Party shall be free to use for any purpose
the Residual Information resulting from access to any Confidential Information disclosed to it under this Amended IPLA. “Residual Information” means information in non-tangible form which may be retained in the memory of employees
of the Receiving Party who have had access to the Confidential Information of the Disclosing Party. Receiving Party’s receipt of Confidential Information under this Amended IPLA shall not create any obligation that in any way limits or
restricts the assignment and/or reassignment of the Receiving Party’s employees. For the avoidance of doubt, the foregoing does not constitute a license under any Patent or otherwise affect any Party’s (or its Subsidiaries’) rights or
obligations under Section 9.9 of the Transaction Agreement. 

  
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 ARTICLE X 

LIMITATION OF LIABILITY 

Section 10.1 Limitation of Liability. IN NO EVENT WILL ALIBABA, ANY ALIBABA AFFILIATE OR THE ALIPAY IP/TECHNOLOGY PROVIDER BE
LIABLE TO PURCHASER, ANY PURCHASER AFFILIATE OR TO ANY THIRD PERSON FOR ANY SPECIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES (INCLUDING LOSS OF USE, DATA, BUSINESS OR PROFITS) ARISING OUT OF OR IN CONNECTION WITH THE IPLA OR THIS
AMENDED IPLA, THE LICENSED IP OR THE SOFTWARE TECHNOLOGY SERVICES OR ANY RESULTS OR WORK PRODUCT ARISING FROM THE SOFTWARE TECHNOLOGY SERVICES, HOWEVER CAUSED AND REGARDLESS OF THE THEORY OF LIABILITY, EVEN IF ALIBABA, THE ALIBABA AFFILIATE OR THE
ALIPAY IP/TECHNOLOGY PROVIDER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ALIBABA’S, ALIBABA AFFILIATES’ AND THE ALIPAY IP/TECHNOLOGY PROVIDER’S TOTAL LIABILITY TO PURCHASER AND PURCHASER AFFILIATES, FROM ALL CAUSES OF ACTION
AND ALL THEORIES OF LIABILITY UNDER THIS AMENDED IPLA, WILL BE LIMITED TO AND WILL NOT EXCEED THE TOTAL AMOUNTS ACTUALLY PAID TO ALIBABA AND THE ALIPAY IP/TECHNOLOGY PROVIDER BY THE PURCHASER GROUP UNDER THIS AMENDED IPLA DURING THE TWELVE
(12) MONTHS IMMEDIATELY PRECEDING THE DATE OF THE EVENT GIVING RISE TO THE MOST RECENT CLAIM OF LIABILITY. 
 ARTICLE XI 

NO EFFECT ON TRANSFEREE’S SEPARATE INTELLECTUAL PROPERTY RIGHTS 

Section 11.1 No Effect on Acquirer’s Separate Intellectual Property Rights. Notwithstanding anything to the contrary set
forth herein, in the event Alibaba merges with or acquires a third Person, or assigns or transfer this Amended IPLA to a third Person (any such third Person, “Transferee”), whether by merger, assignment, transfer of assets
(including but not limited to this Amended IPLA) or otherwise, the licenses granted pursuant to Section 2.2 will extend only to the Alipay-Related IP and New FIG Business-Related IP owned by Alibaba or the Alipay IP/Technology Provider
immediately prior to such merger, acquisition, assignment or transfer and will not affect or otherwise encumber in any manner the Transferee’s Intellectual Property Rights, except only any Alipay-Related IP and New FIG Business-Related IP owned
by Alibaba or the Alipay IP/Technology Provider immediately prior to such merger, acquisition, assignment or transfer and acquired by the Transferee from Alibaba or the Alipay IP/Technology Provider and any subsequently filed patents and patent
applications that claim an effective filing date based upon Alipay-Related Patents and New FIG Business-Related Patents that were owned by Alibaba or the Alipay IP/Technology Provider immediately prior to such assignment or transfer. 

  
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 ARTICLE XII 

COMPLIANCE WITH LAWS 

Section 12.1 Compliance with Laws. At all times during the Term, Purchaser shall comply, and shall cause its Subsidiaries to
comply, with all Laws applicable to Purchaser and Purchaser’s Subsidiaries concerning the FIG Holdco Business, any Alipay Business Product and/or any New FIG Business Product. Without limiting the foregoing, Purchaser acknowledges that the
Licensed IP and all related technical data and materials may be subject to export controls under the applicable export, import and/or use control Laws in any territory where the Licensed IP is used. Notwithstanding anything in this Amended IPLA to
the contrary, Alibaba and the Alipay IP/Technology Provider shall not be required to supply to Purchaser, any Purchaser Subsidiaries or any third Persons, and Purchaser and Purchaser Affiliates shall not export or re-export, any Licensed IP or
technical data supplied by Alibaba or the Alipay IP/Technology Provider, directly or through third Persons, to any source for use in any country or countries in contravention of any Laws. 

ARTICLE XIII 
 TERM AND
TERMINATION 
 Section 13.1 Term. This Amended IPLA will enter into effect upon the date hereof and continue in full force
and effect until the earlier of (i) following any Income Share Buyout Event resulting in an Issuance Percentage of 100%, the earlier of (A) completion of payment of the Funded Amounts up to the Funded Payments Cap by Purchaser pursuant to
the Transaction Agreement or (B) the first to occur of a Purchaser Qualified IPO or an Alipay Qualified IPO, (ii) following the first to occur of a Purchaser Qualified IPO or an Alipay Qualified IPO, an Income Share Buyout Event resulting
in an Issuance Percentage of 100%, (iii) the Liquidity Event Payment becoming payable pursuant to Section 2.5 of the Transaction Agreement, and (iv) the completion of an IPO Retained IP Transfer pursuant to Section 2.2(b)(iv) of
the Transaction Agreement, unless earlier terminated in accordance with this Article XIII (the “Term”). 

Section 13.2 Termination by Alibaba for Purchaser Bankruptcy. Alibaba shall have the right to terminate this Amended IPLA on the
occurrence of any of the following events if: 
 (a) Purchaser files a petition for bankruptcy or is adjudicated a bankrupt; 

(b) Purchaser becomes insolvent and makes an assignment for the benefit of its creditors or an arrangement for its creditors pursuant to any
bankruptcy Law; 
 (c) Purchaser discontinues the FIG Holdco Business; or 

(d) an administrator is appointed for Purchaser or its business. 

Section 13.3 No Termination by Purchaser. Purchaser and Alipay shall have no right to terminate this Amended IPLA based on any
breach hereof or for any other reason, and Purchaser’s and Alipay’s sole and exclusive remedy with respect to any breach hereof by Alibaba or the Alipay IP/Technology Provider will be to seek monetary damages for the breach and, in the
case of Alibaba’s or the Alipay IP/Technology Provider’s breach of its obligations under Article IX, injunctive or other equitable remedies to cure, limit and restrain any such breach or threatened breach. 

  
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 Section 13.4 Injunctive Relief. The Parties have agreed that the Software Technology
Services will be provided to Alipay and its Subsidiaries in accordance with this Amended IPLA and it is an essential element of the bargain between the parties that Alipay IT and its Subsidiaries will provide the Software Technology Services
described in this Amended IPLA except in the case of a rightful termination as set forth in this Article XIII. Therefore, Alipay and its Subsidiaries shall be entitled to equitable relief, including injunctive relief, in addition to all of its other
rights and remedies hereunder, at Law or in equity, to enforce the provisions of this Amended IPLA related to the performance of Software Technology Services. For the avoidance of doubt, Alipay’s (or Purchaser’s) right to injunctive relief
pursuant to this Section 13.4 shall not limit or otherwise affect Alipay’s and Purchaser’s obligations to make any royalty and fee payments required by, and in accordance with, Article V. 

Section 13.5 Non-payment. If Purchaser, Alipay, and/or any Payor fails to make payment of any amounts due and payable to Alipay IT
Company (Z53), Alibaba IT (A50) or Alibaba under this Amended IPLA by the date such payment is due, the Parties agree that Alipay IT Company (Z53), Alibaba IT (A50) or Alibaba, as applicable, is entitled to charge interest on such unpaid amounts at
twelve percent (12%) annual rate, commencing from the date on which payment was due. Purchaser’s, Alipay’s, or any Payor’s failure to pay the Alipay Royalty, the New FIG Royalty or the Software Technology Services Fee due under
this Amended IPLA will not entitle Alibaba to terminate this Amended IPLA. 
 Section 13.6 Effects of Termination. 

(a) Licenses. All licenses and sublicenses granted under this Amended IPLA will terminate upon the termination or expiration of this
Amended IPLA; provided, however, that the termination of such licenses and sublicenses pursuant to this Section 13.6 shall have no effect on any license of rights in and to Intellectual Property or Intellectual Property Rights in accordance
with Section 2.2(b)(i) of the Transaction Agreement or as otherwise agreed to by the Parties. 
 (b) Return of Confidential
Material. Within thirty (30) days after the termination or expiration of this Amended IPLA, each Party shall either deliver to the other, or destroy, all copies of any tangible Confidential Information of the other Party provided hereunder
in its possession or under its control, and shall furnish to the other Party an affidavit signed by an officer of its company certifying that such delivery or destruction has been fully effected. 

(c) Payment of Unpaid Royalty and Fee. Within sixty (60) days of the expiration or termination of this Amended IPLA, Purchaser
shall pay, or cause to be paid, to Alibaba or an Alibaba Affiliate designated by Alibaba, all sums, if any, due and owing pursuant to the terms of this Amended IPLA as of the date of expiration or termination of this Amended IPLA. 

Section 13.7 Survival. The respective rights and obligations of the Parties under Sections 2.5 (clauses (a) and (b)), 5.4,
5.5, 5.6, 13.6, 13.7, and Articles I, IV, VII, VIII, IX, X, XIV and XV (except Section 15.9) of this Amended IPLA will survive expiration or termination of this Amended IPLA. No termination or expiration of this Amended IPLA shall relieve any
Party from any liability for any breach of or liability accruing prior to the effective date of termination. 

  
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 ARTICLE XIV 

OBLIGATION OF THE PARTIES REGARDING SUBSIDIARIES 

Section 14.1 Obligations of the Parties Regarding Subsidiaries. Each Party shall require its respective Subsidiaries (including,
in the case of Purchaser, Payor) to fulfill each such Subsidiary’s duties and comply with its obligations, all as set forth in this Amended IPLA. Without limiting the generality of the foregoing, Purchaser and Alipay shall each cause its
Subsidiaries to carry out all obligations, duties and responsibilities of Purchaser and Alipay set forth in this Amended IPLA, including without limitation all obligations to take any actions or refrain from taking any actions, and any act or
failure to act by any Subsidiary of Purchaser or Alipay shall be deemed an act or failure to act of Purchaser or Alipay. Purchaser and Alipay shall each be liable for the performance of all obligations, duties and responsibilities of its
Subsidiaries in this Amended IPLA and for all actions or failures to act of its Subsidiaries, and any failure of Purchaser Subsidiaries or Alipay Subsidiaries to perform any obligation, duty or responsibility set forth in this Amended IPLA, or to
take or fail to take any action in accordance with this Amended IPLA, shall be deemed a breach of this Amended IPLA by Purchaser or Alipay, as applicable. Alipay and its Subsidiaries are deemed Subsidiaries of Purchaser for purposes of this
Section 14.1. 
 ARTICLE XV 

GENERAL 

Section 15.1 Relationship of the Parties as Independent Contractors. The Parties are and at all times will be and remain
independent contractors as to each other, and at no time will either Party be deemed to be the agent or employee of the other. No joint venture, partnership, agency, or other relationship will be created or implied as a result of this Amended IPLA.
Alibaba and the Alipay IP/Technology Provider performed the Software Technology Services as independent contractors of Alipay or Alipay’s Subsidiaries and nothing in this Amended IPLA will be construed as establishing an employment, agency,
partnership or joint venture relationship between Purchaser or any Purchaser Subsidiary or Alipay or any Alipay Subsidiary, on the one hand, and Alibaba, the Alipay IP/Technology Provider or any of their personnel, on the other. Alibaba and the
Alipay IP/Technology Provider have no authority to bind Purchaser, Alipay or Purchaser’s Subsidiaries or Alipay’s Subsidiaries by contract or otherwise, and Purchaser and Purchaser’s Subsidiaries and Alipay and Alipay’s
Subsidiaries have no authority to bind Alibaba or the Alibaba Group (including the Alipay IP/Technology Provider) by contract or otherwise. Alibaba and the Alipay IP/Technology Provider acknowledge and agree that their personnel are not eligible for
or entitled to receive any compensation, benefits or other incidents of employment that Purchaser and Purchaser’s Subsidiaries or Alipay or Alipay’s Subsidiaries makes available to any employees of Purchaser or any Purchaser Subsidiaries
or of Alipay or any Alipay Subsidiaries. Except as explicitly set forth herein, Alibaba and the Alipay IP/Technology Provider are solely responsible for all taxes, expenses, withholdings and other similar statutory obligations arising out of the
relationship between Alibaba and the Alipay IP/Technology Provider and their personnel and the performance of Software Technology Services by such personnel. 

  
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 Section 15.2 Alipay IP/Technology Providers Addenda. Each Providers Addendum shall be
in the form set forth in Exhibit F or as otherwise agreed between the executing parties. In the event of any conflict between any Providers Addendum and any term or condition of this Amended IPLA, this Amended IPLA will control. 

Section 15.3 Notices. All notices and other communications hereunder shall be in writing, shall be made by personal delivery,
internationally recognized courier service, facsimile or electronic mail and shall be deemed received (i) on the date of delivery if delivered personally (ii) on the date of confirmation of receipt if delivered by an internationally
recognized courier service (or, the first (1st) Business Day following such receipt if (a) the date is not a Business Day or (b) receipt occurs after 5:00 p.m., local time of the
recipient) or (iii) on the date of receipt of transmission by facsimile or electronic mail (or, the first (1st) Business Day following such receipt if (a) the date is not a Business
Day or (b) receipt occurs after 5:00 p.m., local time of the recipient), to the Parties at the following addresses, facsimile numbers or email addresses (or at such other addresses or facsimile numbers or email addresses for a Party as shall be
specified by like notice): 
  

					
	 To Alibaba:

		
		 	 c/o Alibaba Group Services Limited

26th Floor, Tower One
 Times Square

		 	 1 Matheson Street
 Causeway Bay

Hong Kong

		 	Attention:	  	General Counsel
		 	Facsimile No.:	  	+852 2215 5200
		 	Email:	  	legalnotice@hk.alibaba-inc.com
	
	 with a copy (which shall not constitute notice) to:

		
		 	 Wachtell, Lipton, Rosen & Katz

51 West 52nd Street
 New York, NY 10019

		 	United States	  	
		 	Attention:	  	Mark Gordon
		 		  	DongJu Song
		 	Facsimile No.:	  	+1 212 403 2000
		 	Email:	  	mgordon@wlrk.com
		 		  	dsong@wlrk.com


  
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	 and
	 		  	
		
		 	Fenwick & West
		 	 555 California St., 12th Floor
 San
Francisco, CA 94104
 United States

		 	Attention:	  	David L. Hayes
		 	Facsimile No.:	  	+1 415 281 1350
		 	Email:	  	dhayes@fenwick.com
			
	 and
	 		  	
		
		 	 Morrison & Foerster

Shin-Marunouchi Building, 29th Floor
 5-1, Marunouchi
1-Chome

		 	 Tokyo, 100-6529
 Japan

		 	Attention:	  	Kenneth A. Siegel
		 	Facsimile No.:	  	+81 3 3214 6512
		 	Email:	  	ksiegel@mofo.com
			
	 and
	 		  	
		
		 	 Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square
 New York, NY 10036

		 	United States
		 	Attention:	  	Marc R. Packer
		 	Facsimile No.:	  	+1 212 735 2000
		 	Email:	  	marc.packer@skadden.com
		 		  	
	
	 To Purchaser or Alipay:

		
		 	 22F Block B
 Huanglong Times
Plaza
 No. 18 Wantang Road

		 	 Hangzhou, 310099
 People’s
Republic of China

		 	Attention:	  	Head of Legal
		 	Facsimile No.:	  	+(86571) 8656 2095
		 	Email:	  	legalnotice@alipay.com


  
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	 with a copy (which shall not constitute notice) to:

		
		 	 Wachtell, Lipton, Rosen & Katz

51 West 52nd Street
 New York, NY 10019

		 	United States
		 	Attention:	  	Mark Gordon
		 		  	DongJu Song
		 	Facsimile No:	  	+1 212 403 2000
		 	Email:	  	 mgordon@wlrk.com

            dsong@wlrk.com


 Section 15.4 Headings. The bold-faced headings contained in this Amended IPLA are for convenience
of reference only, will not be deemed to be a part of this Amended IPLA and will not be referred to in connection with the construction or interpretation of this Amended IPLA. 

Section 15.5 Counterparts and Exchanges by Electronic Transmission or Facsimile. This Amended IPLA may be executed in several
counterparts and such counterparts may be delivered in electronic format (including by email), all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the
Parties and delivered to the other Parties, it being understood that all Parties need not sign the same counterpart. 
 Section 15.6
Arbitration. 
 (a) Any dispute, controversy or claim arising out of, relating to, or in connection with this Amended IPLA, including
the breach, termination or validity hereof, shall be finally settled exclusively by arbitration. The arbitration shall be administered by, and conducted in accordance with the rules of the International Chamber of Commerce (the
“ICC”) in effect at the time of the arbitration, except as they may be modified by mutual agreement of the Parties. The seat of the arbitration shall be Singapore, provided, that, the arbitrators may hold hearings in such other
locations as the arbitrators determine to be most convenient and efficient for all of the Parties to such arbitration under the circumstances. The arbitration shall be conducted in the English language. 

(b) The arbitration shall be conducted by three (3) arbitrators. The Party (or the Parties, acting jointly, if there is more than one
(1)) initiating arbitration (the “Claimant”) shall appoint an arbitrator in its request for arbitration (the “Request”). The other Party (or the other parties, acting jointly, if there are more than one
(1)) to the arbitration (the “Respondent”) shall appoint an arbitrator within thirty (30) days of receipt of the Request and shall notify the Claimant of such appointment in writing. If within thirty (30) days of
receipt of the Request by the Respondent, either Party has not appointed an arbitrator, then that arbitrator shall be appointed by the ICC. The first two (2) arbitrators appointed in accordance with this provision shall appoint a third
arbitrator within thirty (30) days after the Respondent has notified Claimant of the appointment of the Respondent’s arbitrator or, in the event of a failure by a Party to appoint, within thirty (30) days after the ICC has notified
the Parties and any arbitrator already appointed of the appointment of an arbitrator on behalf of the Party failing to appoint. When the third (3rd) arbitrator has accepted the appointment, the two (2) arbitrators making the appointment
shall promptly notify the Parties of the appointment. If the first two (2) arbitrators appointed fail to appoint a third arbitrator or so to notify the Parties within the time period prescribed above, then the ICC shall appoint the third
(3rd) arbitrator and shall promptly notify the Parties of the appointment. The third (3rd) arbitrator shall act as chair of the tribunal. 

  
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 (c) The arbitral award shall be in writing, state the reasons for the award, and be final and
binding on the Parties. The award may include an award of costs, including reasonable attorneys’ fees and disbursements. In addition to monetary damages, the arbitral tribunal shall be empowered to award equitable relief, including an
injunction and specific performance of any obligation under this Amended IPLA. The arbitral tribunal is not empowered to award damages in excess of compensatory damages, and each Party hereby irrevocably waives any right to recover punitive,
exemplary or similar damages with respect to any dispute, except insofar as a claim is for indemnification for an award of punitive damages awarded against a Party in an action brought against it by an independent third Person. The arbitral tribunal
shall be authorized in its discretion to grant pre-award and post-award interest at commercial rates. Any costs, fees or taxes incident to enforcing the award shall, to the maximum extent permitted by Law, be charged against the Party resisting such
enforcement. Judgment upon the award may be entered by any court having jurisdiction thereof or having jurisdiction over the relevant Party or its assets. 

(d) In order to facilitate the comprehensive resolution of related disputes, and upon request of any Party to the arbitration Proceeding, the
arbitration tribunal may, within ninety (90) days of its appointment, consolidate the arbitration Proceeding with any other arbitration Proceeding involving any of the Parties relating to the Transaction Documents. The arbitration tribunal
shall not consolidate such arbitrations unless it determines that (i) there are issues of fact or law common to the Proceedings, so that a consolidated Proceeding would be more efficient than separate Proceedings, and (i) no Party would be
prejudiced as a result of such consolidation through undue delay or otherwise. In the event of different rulings on this question by the arbitration tribunal constituted hereunder and any tribunal constituted under the Transaction Agreement, the
ruling of the tribunal constituted under the Transaction Agreement will govern, and that tribunal will decide all disputes in the consolidated Proceeding. 

(e) The Parties agree that the arbitration shall be kept confidential and that the existence of the Proceeding and any element of it (including
any pleadings, briefs or other documents submitted or exchanged, any testimony or other oral submissions, and any awards) shall not be disclosed beyond the tribunal, the ICC, the Parties, their counsel and any person necessary to the conduct of the
Proceeding, except as may be lawfully required in judicial Proceedings relating to the arbitration or otherwise, or as required by NASDAQ rules or the rules of any other quotation system or exchange on which the disclosing Party’s securities
are listed or applicable Law. 
 (f) The costs of arbitration shall be borne by the losing Party unless otherwise determined by the
arbitration award. 
 (g) All payments made pursuant to the arbitration decision or award and any judgment entered thereon shall be made in
United States dollars (or, if a payment in United States dollars is not permitted by Law and if mutually agreed upon by the Parties, in Renminbi), free from any deduction, offset or withholding for taxes. 

  
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 (h) Notwithstanding this Section 15.6 or any other provision to the contrary in this Amended
IPLA, no Party shall be obligated to follow the foregoing arbitration procedures where such Party intends to apply to any court of competent jurisdiction for an interim injunction or similar equitable relief against any other Party, provided there
is no unreasonable delay in the prosecution of that application. None of the Parties shall institute a proceeding in any court or administrative agency to resolve a dispute arising out of, relating to or in connection with this Amended IPLA or the
other Transaction Documents, except for a court proceeding to compel arbitration or otherwise enforce this Amended IPLA to arbitrate, to enforce an order or award of the arbitration tribunal or petition for the provisional or emergency remedies
provided for herein. The Parties waive objection to venue and consent to the nonexclusive personal jurisdiction of the courts of Singapore in any action to enforce this arbitration agreement, any order or award of the arbitration tribunal or the
provisional or emergency remedies provided for herein. In any such permitted court action, the Parties agree that delivery of the complaint or petition by international courier, with proof of delivery, shall constitute valid and sufficient service,
and they individually and collectively waive any objection to such service. 
 Section 15.7 Governing Law. THIS AMENDED IPLA IS
MADE UNDER, AND SHALL BE CONSTRUED IN ACCORDANCE WITH, AND, TO THE EXTENT POSSIBLE, ALL OTHER TRANSACTION DOCUMENTS SHALL BE CONSTRUCTED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY CONFLICTS OF LAWS
PRINCIPLES. 
 Section 15.8 Assignment. No Party shall transfer this Amended IPLA, or assign any rights or delegate any
obligations hereunder, in whole or in part, whether voluntarily or by operation of Law, without the prior written consent of the other Parties. Any purported transfer, assignment or delegation by a Party without the appropriate prior written
approval will be null and void and of no force or effect. Subject to the foregoing, this Amended IPLA is binding upon the Parties’ successors, heirs and assigns. 

Section 15.9 No Assignment of Alipay-Exclusive IP. Alibaba, on behalf of itself and its Subsidiaries, agrees not to assign or
transfer any ownership interest in or to any Alipay-Exclusive IP or New FIG Business-Exclusive IP to any third Person (other than to its own Subsidiary), except as explicitly permitted by Section 6.2(c) of this Amended IPLA. 

Section 15.10 Remedies Cumulative; Specific Performance. The rights and remedies of the Parties hereto will be cumulative (and not
alternative). Each Party agrees that: (a) in the event of any breach or threatened breach by the other Party of any covenant, obligation or other provision set forth in this Amended IPLA, such Party will be entitled (in addition to any other
remedy that may be available to it) to seek: (i) a decree or order of specific performance or mandamus to enforce the observance and performance of such covenant, obligation or other provision; and (ii) an injunction restraining such
breach or threatened breach; and (b) no Party will be required to provide any bond or other security in connection with any such decree, order or injunction or in connection with any related Proceeding. 

  
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 Section 15.11 Change of Control. Prior to an Income Share Buyout Event resulting in
an Issuance Percentage of 100%, without the prior consent of Alibaba, Purchaser shall not enter into, effect or give effect to any Transfer of Equity Securities of the Purchaser or other transaction if to its knowledge after due inquiry, immediately
following such transaction, an individual or group (other than Jack Ma (or his successor, in the case of Jack Ma’s death or incapacity), other members of management or employees of the Purchaser or its Subsidiaries, and the Management Holdcos
(as defined in the Transaction Agreement), and Alibaba, directly or indirectly) would acquire Beneficial Ownership of Equity Securities of the Purchaser representing more than fifty percent (50%) of the voting or economic rights in, or assets
of, the Purchaser, it being understood that, without limitation, the applicable proposed Transferor party shall have satisfied his or its obligation of due inquiry if each Transferee party in such Transfer has given an enforceable representation and
warranty to each Transferor party to the effect that such individual or group would not, as a result of such Transfer or any other pending or agreed Transfer, acquire Beneficial Ownership of Equity Securities of the Purchaser representing more than
fifty percent (50%) of the voting or economic rights in, or assets of, the Purchaser. Prior to an Income Share Buyout Event resulting in an Issuance Percentage of at least 100%, none of Jack Ma (or his successor, in the case of Jack Ma’s
death or incapacity), the Management Holdcos (as defined in the Transaction Agreement) and Alibaba (directly or indirectly) or Purchaser shall enter into, effect or give effect to any Transfer of Equity Securities of the Purchaser unless immediately
following such Transfer, such persons (excluding Purchaser), in the aggregate, retain Beneficial Ownership of Equity Securities (including the power to direct the voting) of the Purchaser constituting a majority voting interest in the Purchaser.
Actions taken and agreements made by Purchaser not consistent with this Section 15.11 shall be null and void ab initio. 

Section 15.12 Waiver. No failure on the part of either Party to exercise any power, right, privilege or remedy under this Amended
IPLA, and no delay on the part of any Party in exercising any power, right, privilege or remedy under this Amended IPLA, will operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right,
privilege or remedy will preclude any other or further exercise thereof or of any other power, right, privilege or remedy. No Party will be deemed to have waived any claim arising out of this Amended IPLA, or any power, right, privilege or remedy
under this Amended IPLA, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of such Party; and any such waiver will not be applicable or have any
effect except in the specific instance in which it is given. 
 Section 15.13 Amendments. No amendment, waiver, or discharge
hereof (including any exhibit or schedule hereto) shall be valid unless in writing and signed (a) by the Party against which such amendment, waiver or discharge is sought to be enforced, and (b) in the case of Alibaba, with respect to
amendments of this Amended IPLA (including any amendments to the Alipay Royalty, the New FIG Royalty and the Software Technology Services Fee) and waivers or discharges of any material right of Alibaba or obligations of Purchaser under this Amended
IPLA, including those pertaining to Article V, after obtaining consent of the Seller Audit Committee (or the Alibaba Independent Committee for matters for which the consent of the Alibaba Independent Committee is expressly required by this Amended
IPLA). 

  
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 Section 15.14 Severability. Each provision of this Amended IPLA shall be deemed a
material and integral part hereof. Except as otherwise provided in this Section 15.14, in the event of a final determination of invalidity, illegality or unenforceability of any provision of this Amended IPLA, the Parties shall negotiate in
good faith to amend this Amended IPLA (and any other Transaction Documents, as applicable) or to enter into new agreements to replace such invalid, illegal or unenforceable provision(s) with valid, legal and enforceable provisions providing the
Parties with benefits, rights and obligations that are equivalent in all material respects as provided by the Amended IPLA (and any other Transaction Documents, as applicable) as if the invalid, illegal or unenforceable provision(s) had been valid,
legal and enforceable. In the event the Parties are not able to reach agreement on such amendments or new agreements, then the arbitrators (pursuant to the procedures set forth in Section 15.6 of this Amended IPLA) shall determine, as part of
their arbitral award, such amendments or new agreements such to provide the Parties with benefits, rights and obligations that are equivalent in all material respect as provided by the Amended IPLA as if the stricken provision(s) had been valid,
legal and enforceable. No Party shall, or shall permit any of its Related Parties to, directly or indirectly assert that any provision of any Transaction Document is invalid, illegal or unenforceable. 

Section 15.15 Entire Agreement. This Amended IPLA and all provisions of any Transaction Documents referred to herein, including
all schedules and exhibits hereto and thereto, sets forth the entire understanding of the Parties relating to the subject matter hereof and thereof and supersedes all prior agreements and understandings among or between any of the Parties relating
to the subject matter thereof. To the extent there is any inconsistency between (i) a provision of the Transaction Agreement or another Transaction Document that pertains to the subject matter of this Amended IPLA and (ii) a provision of
this Amended IPLA that is more specific or detailed with respect to such subject matter, then the provision of this Amended IPLA shall govern and control. Otherwise, the provision of the Transaction Agreement, or of the other Transaction
Document (provided it is not inconsistent with a more specific or detailed provision of the Transaction Agreement), shall govern and control to the extent of such inconsistency. 

Section 15.16 English Language Only. This Amended IPLA is in the English language only, which language will be controlling in all
respects, and all versions hereof in any other language will be for accommodation only and will not be binding upon the Parties hereto. All communications to be made or given pursuant to this Amended IPLA will be in the English language. 

Section 15.17 Further Assurances. During and after the Term, a Party shall, at the request of the other Party: (i) execute,
deliver, or cause to be executed or delivered, all such assignments, consents, documents or further instruments of transfer or license consistent with the provisions of this Amended IPLA; and (ii) take, or cause to be taken, all such other
actions that the requesting Party may reasonably deem necessary or desirable in order for such Party to obtain the full benefits of this Amended IPLA and the transactions contemplated hereby. 

  
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 Section 15.18 Disclosure. The terms of this Amended IPLA are confidential information
and shall not be disclosed by a Party to any Person that is not a Party or a Subsidiary of a Party without prior written consent from the other Party, except that nothing herein shall prevent a Party from (a) disclosing or acknowledging the
existence of this Amended IPLA, the identity of the Parties, and the existence of Licensed IP (but not the particular Licensed IP), (b) disclosing the terms of this Amended IPLA (including the financial terms) in confidence to such Party’s
legal counsel and professional advisors, tax preparers, accountants, auditors, insurers, and directors, (c) disclosing the terms of this Amended IPLA (including the financial terms) as required by any regulation, law, or court order, but only
to the extent required to comply with such regulation, law, or order and only after providing reasonable advance notice to the other Party to allow such Party to contest such disclosure, or (d) disclosing in confidence to a third party affected
by this Amended IPLA (e.g., a customer or potential successor party) the terms and conditions relevant to such third party, including the identity of particular Licensed IP. The Parties acknowledge and agree that notwithstanding anything in this
Amended IPLA to the contrary, Yahoo! may file with the U.S. Securities and Exchange Commission a Form 8-K and other U.S. Securities and Exchange Commission forms summarizing the material terms of this Amended IPLA and otherwise complying with the
requirements of such forms. Yahoo! shall provide a draft of such Form 8-K to Purchaser at a reasonable time in advance of its filing and shall consider in good faith any comments from Purchaser thereto. 

[Remainder of page intentionally blank] 

  
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 The Parties to this Amended IPLA have caused this Amended IPLA to be executed and delivered as of the date first
written above. 
  

			
	ALIBABA GROUP HOLDING LIMITED,
	a Cayman Island registered company
		
	By:	 	 /s/ Timothy Alexander Steinert

	Name:	 	Timothy Alexander Steinert
	Title:	 	Authorized Signatory
	
	
浙江蚂蚁小微金融服务集团有限公司

(ZHEJIANG ANT SMALL AND MICRO
FINANCIAL SERVICES GROUP CO., LTD.),

		
	By:	 	 /s/ Peng Lei

	Name:	 	Peng Lei
	Title:	 	Legal Representative
	
	 支付宝(中国)网络技术有限公司

(ALIPAY.COM CO., LTD.),
a Chinese limited liability company

		
	By:	 	 /s/ Peng Lei

	Name:	 	Peng Lei
	Title:	 	Legal Representative


 [Signature Page to Amended and Restated Intellectual Property License and Software Technology Services
Agreement]