Document:

EX-4.4

 Exhibit 4.4 

FINAL VERSION 
  

 
  

THIRD AMENDED AND RESTATED SHAREHOLDERS AGREEMENT

 by and among 

DIRECTOUCH HOLDINGS LIMITED 

DIRECTOUCH MANAGEMENT LIMITED 

BEIJING CHUKONG AIPU TECHNOLOGY CO. LTD. 

BEIJING CHUKONG TECHNOLOGY CO. LTD. 

BEIJING WAN’AI INTERNET TECHNOLOGY CO.
LTD. 
 CHENGDU CHUKONG TECHNOLOGY CO. LTD.

 XIAMEN YAJI SOFTWARE CO. LTD. 

BEIJING TIANSHENGCHENGYE INFORMATION TECHNOLOGY CO.
LTD. 
 CHEN HAOZHI 

LIU GUANQUN 

MA FEI 

DIRECTOUCH SUCCESS PARTNERS LIMITED 

DIRECTOUCH GROUP LIMITED 

DIRECTOUCH DEVELOPMENT GROUP LIMITED 

and 
 BRIGHTFISH
INVESTMENT LTD 
 GGV CAPITAL IV L.P. 

GGV CAPITAL IV ENTREPRENEURS FUND L.P. 

GGV CT LIMITED 

STEAMBOAT VENTURES V, L.P. 

NORTHERN LIGHT VENTURE CAPITAL II, LTD. 

SEQUOIA CAPITAL 2010 CV HOLDCO, LTD. 

Dated October 18, 2013 
  

 

US$50,000,000.00 

SERIES D PREFERRED SHARES 

 
  

  

 
 TABLE OF CONTENT 

 

							
	 1.
	 	 INTERPRETATION
	  	 	3	  
			
	 2.
	 	 INFORMATION RIGHTS
	  	 	9	  
			
	 3.
	 	 REGISTRATION RIGHTS
	  	 	11	  
			
	 4.
	 	 PARTICIPATION
	  	 	21	  
			
	 5.
	 	 TRANSFER RESTRICTIONS
	  	 	24	  
			
	 6.
	 	 DRAG-ALONG RIGHTS
	  	 	29	  
			
	 7.
	 	 ASSIGNMENT AND AMENDMENT
	  	 	31	  
			
	 8.
	 	 CONFIDENTIALITY AND NON-DISCLOSURE
	  	 	32	  
			
	 9.
	 	 PROTECTIVE PROVISIONS
	  	 	33	  
			
	 10.
	 	 ADDITIONAL COVENANTS
	  	 	36	  
			
	 11.
	 	 GENERAL PROVISIONS
	  	 	43	  

 SCHEDULES 
  

			
	SCHEDULE A	  	FOUNDERS
		
	SCHEDULE B	  	DEED OF ADHERENCE
		
	SCHEDULE C	  	PFIC ANNUAL INFORMATION STATEMENT
		
	SCHEDULE D-1	  	LIST OF SERIES B INVESTORS
		
	SCHEDULE D-2	  	LIST OF SERIES C INVESTORS
		
	SCHEDULE D-3	  	LIST OF SERIES D INVESTORS

 THIRD AMENDED AND RESTATED SHAREHOLDERS AGREEMENT 

This THIRD AMENDED AND RESTATED SHAREHOLDERS AGREEMENT (this “Agreement”) is made and entered into on October 18, 2013 by and
among 
  

	(i)	Directouch Holdings Limited (the “Company”), an exempted company duly established and validly existing under the laws of the Cayman Islands; 

 

	(ii)	Directouch Management Limited (the “HK Co.”), a limited liability company established under the laws of Hong Kong; 

  

	(iii)	Beijing Chukong Aipu Technology Co., Ltd. 

, a wholly foreign owned enterprise established by the HK Co. under the laws of the PRC (the “WFOE”, together with PRC Companies (as defined below), the “PRC Subsidiaries”);

  

	(iv)	Beijing Chukong Technology Co., Ltd.

, a limited liability company established under the laws of the PRC (“Chukong”); 

  

	(v)	Beijing Wan’ai Internet Technology Co., Ltd.

, a limited liability company established under the laws of the PRC (“Wan’ai”); 

  

	(vi)	Chengdu Chukong Technology Co., Ltd. 

 , a limited liability company established under the laws of the PRC (“Chengdu Chukong”); 

  

	(vii)	Xiamen Yaji Software Co., Ltd. 

 , a limited liability company established under the laws of the PRC (“Xiamen Yaji”); 

  

	(viii)	Beijing Tianshengchengye Information Technology Co., Ltd. 

, a limited liability company established under the laws of the PRC (“Tianshengchengye”, together with Chukong, Wan’ai, Chengdu Chukong, Xiamen Yaji, the “PRC Companies”);

  

	(ix)	the founders listed on Schedule A who are also full time employees of the Group Companies (the “Founders”, together with any other party who may become a holder of Ordinary Shares, the
“Ordinary Holders”); 

  

	(x)	Directouch Success Partners Limited, a business entity established under the laws of the British Virgin Islands (“BVI 1”); 

 

	(xi)	Directouch Group Limited, a business entity established under the laws of the British Virgin Islands (“BVI 2”); 

  

	(xii)	Directouch Development Group Limited, a limited liability company established under the laws of the British Virgin Islands (“BVI 3”, together with BVI 1 and BVI 2, the “BVI Companies”);

	(xiii)	Northern Light Venture Capital II, Ltd (the “Series A Investor”); 

  

	(xiv)	the Investors listed on Schedule D-1 (the “Series B Investors”); 

  

	(xv)	the Investors listed on Schedule D-2 (the “Series C Investors”) and 

  

	(xvi)	the Investors listed on Schedule D-3 (the “Series D Investors”, together with the Series A Investor, Series B Investors and Series C Investors, the “Investors”);

 For the purpose of this Agreement, the Company, the HK Co., the PRC Subsidiaries and all other direct or indirect subsidiaries of
the foregoing shall each be referred to as a “Group Company”, and collectively, the “Group Companies”. Capitalized terms used herein not otherwise defined hereunder shall have the meanings ascribed to such terms in
the Series D Purchase Agreement (as defined below). 
 RECITALS 

A. The Series A Investor, the Series B Investors, the Series C Investors, the Company, the Founders, the BVI Companies, the HK Co the
WFOE, Chukong and Wan’ai entered into a Second Amended and Restated Shareholders Agreement dated August 28, 2012 (the “Prior Agreement”). 

B. The Investors, the Company and the Founders and other parties as stated therein have entered into a Series D Preferred Share
Purchase Agreement dated of even date hereof (the “Series D Purchase Agreement”), according to which the Investors agrees to purchase from the Company, and the Company agrees to sell to the Investors, certain series D convertible,
redeemable and participating preferred shares, par value US$0.000002 per share, of the Company (the “Series D Preferred Shares”). 

C. The Series D Purchase Agreement provides that the amendment and restatement of the Prior Agreement by execution and delivery of this
Agreement by the parties is a condition precedent to the consummation of the transactions contemplated thereunder. 
 D. The Parties hereto,
representing all of the parties to the Prior Agreement, desire to amend and restate the Prior Agreement by entering into this Agreement on the terms and conditions set forth herein, which shall amend, restate, supersede and replace in its entirety
the Prior Agreement. 
 E. The parties have agreed to enter into this Agreement in connection with the Company’s issuance of the Series
D Preferred Shares. 

  
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 NOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set
forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
  

	1.	INTERPRETATION. 

 1.1 Definitions. The following terms shall have the meanings
ascribed to them below: 
 “Accounting Principles” has the meaning set forth in Section 2.1(a). 

“Additional Number” has the meaning set forth in Section 4.4(b). 

“Affiliate” means, with respect to a Person, any other Person that, directly or indirectly, Controls, is Controlled by or is
under common Control with such Person, and any shareholder, member or partner of such Person. 
 “Agreement” has the
meaning set forth in the preamble. 
 “Board” means the board of Directors of the Company. 

“Big Four Accounting Firms” means the following accountancy firms: Deloitte Touche Tohmatsu, PricewaterhouseCoopers, KPMG and
Ernst & Young. 
 “Co-Sale Participant” has the meaning set forth in Section 5.2(c)(1). 

“Commission” means (i) with respect to any offering of securities in the United States, the SEC or any other
federal agency at the time administering the Securities Act, and (ii) with respect to any offering of securities in a jurisdiction other than the United States, the regulatory body of the jurisdiction with authority to supervise and regulate
the sale of securities in that jurisdiction. 
 “Company” has the meaning set forth in the preamble. 

“Control” means the power or authority, whether exercised or not, to direct the business, management and policies of a
Person, directly or indirectly, or by effective control whether through the ownership of voting securities, by contract or otherwise, which power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power
to direct the vote of more than 50% of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control the composition of the board of directors of such Person; the terms “Controlled” and
“Controlling” have the meaning correlative to the foregoing. 
 “Conversion Shares” means the
Ordinary Shares upon conversion of the Series A Preferred Shares, the Series B Preferred Shares, Series C Preferred Shares or the Series D Preferred Shares, as the case may be. 

“Covenantors” has the meaning set forth in Section 10.10(a). 

“Deemed Liquidation Event” has the meaning set forth in the Restated Articles. 

“Disclosing party” has the meaning set forth in Section 8.3. 

  
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 “Drag-Along Notice” has the meaning set forth in Section 6.2.
“Drag-Along Sale” has the meaning set forth in Section 6.1(a). 
 “Directors” means the members of
the Board for the time being of the Company. 
 “Earn-Out ESOP” has the meaning set forth in the Series D Share Purchase
Agreement. 
 “Eligible Holder” means any Holder holding at least 1,000,000 Preferred Shares or Conversion Shares of the
Company, as adjusted for share splits, subdivisions, combinations and the like. 
 “Equity Securities” has the meaning set
forth in Section 5.6. 
 “Excepted Issuance” has the meaning set forth in the Restated Articles. 

“Exchange Act” means the United States Securities Exchange Act of 1934, as amended. 

“Financing Term” has the meaning set forth in Section 8.1. 

“First Participation Notice” has the meaning set forth in Section 4.4(a). 

“Form F-3” means Form F-3 promulgated by the Commission under the Securities Act or any successor form or substantially
similar form then in effect. 
 “Form S-3” means Form S-3 promulgated by the Commission under the Securities Act or any
successor form or substantially similar form then in effect. 
 “Founders” has the meaning set forth in the preamble. 

“Group Company” has the meaning set forth in the preamble. 

“HK Co.” has the meaning set forth in the preamble. 

“Holders” means the holders of Registrable Securities and their transferees who receive Registrable Securities pursuant to
the terms and subject to the conditions of this Agreement and the Restated Articles. 
 “Immediate Family Member” has the
meaning set forth in Section 5.9. 
 “Indemnification Cap” has the meaning set forth in Section 10.10(b). 

“Indemnified Parties” has the meaning set forth in Section 10.10(a). 

“Information” has the meaning set forth in Section 10.6(j). 

“Initiating Holders” means, with respect to a request duly made under Section 3.2 or Section 3.3 to register any
Registrable Securities, the Holders initiating such request. 

  
 4 

 “Inspection Rights” has the meaning set forth in Section 2.2. 

“Investors” has the meaning set forth in the preamble. 

“Investor’s Favorable Terms” has the meaning set forth in Section 10.8. 

“Losses” has the meaning set forth in Section 10.10(b). 

“New Securities” has the meaning set forth in Section 4.3. 

“Offered Shares” has the meaning set forth in Section 5.2(a). 

“Option Period” has the meaning set forth in Section 5.2(b)(1). 

“Ordinary Director” has the meaning given to such term in the Restated Articles. 

“Ordinary Holders” has the meaning set forth in the preamble. 

“Ordinary Share Equivalents” means any indebtedness, shares or other securities directly or indirectly convertible into or
exchangeable for Ordinary Shares or any rights, options or warrants to subscribe for, purchase or otherwise acquire Ordinary Shares or convertible securities. 

“Ordinary Shares” means the ordinary shares, par value US$0.000002 per share, of the Company. 

“Participation Rights Holder” has the meaning set forth in Section 4.1. 

“Person” means any individual, sole proprietorship, partnership, limited partnership, limited liability company, firm, joint
venture, estate, trust, unincorporated organization, association, corporation, institution, public benefit corporation, entity or governmental or regulatory authority or other enterprise or entity of any kind or nature. 

“Permitted Transfer” has the meaning set forth in Section 5.9. 

“Permitted Transferee” has the meaning set forth in Section 5.9. 

“PFIC” has the meaning set forth in Section 10.9(b). 

“PRC” means the People’s Republic of China, but solely for the purposes of this Agreement excludes the Hong Kong Special
Administrative Region, Macau Special Administrative Region and the islands of Taiwan. 
 “PRC Companies” has the meaning
set forth in the preamble. 
 “PRC Subsidiaries” has the meaning set forth in the preamble. 

“Preferred Directors” has the meaning set forth in Section 10.6(d). 

  
 5 

 “Preferred Shares” means collectively, the Series A Preferred Shares, the Series
B Preferred Shares, the Series C Preferred Shares and the Series D Preferred Shares. 
 “Prior Agreement” has the meaning
set forth in the recitals. 
 “Pro Rata Share” has the meaning set forth in Section 4.2. 

“Pro Rata Portion” has the meaning set forth in Section 5.2(b)(2). 

“Purchase and Co-Sale Notice” has the meaning set forth in Section 5.2(b)(1). 

“Purchasing Holder” has the meaning set forth in Section 5.2(b)(1). 

“Qualified IPO” has the meaning given to such term in the Restated Articles. 

“Registrable Securities” means (i) the Preferred Shares, (ii) the Ordinary Shares issued upon conversion of the
Preferred Shares and (iii) any Ordinary Shares of the Company issued as (or issuable upon the conversion, exchange or exercise of any Ordinary Share Equivalent issued) a dividend or other distribution with respect to, or in exchange for, or in
replacement of, the shares referenced in (i) and (ii), excluding in all cases, however, any Registrable Securities sold by a Person in a transaction other than an assignment pursuant to Section 7.1. 

“Registration” means a registration effected by preparing and filing a Registration Statement and the declaration or ordering
of the effectiveness of that Registration Statement; and the terms “Register” and “Registered” have meanings correlative to the foregoing. 

“Registration Expenses” means all costs and expenses incurred by the Company and Holders in connection with a registration or
offering (including fees of counsel to the selling shareholders) excluding Selling Expenses. 
 “Registration Statement”
means a registration statement prepared on Form F-1, F-3, S-1 or S-3 under the Securities Act, or on any comparable form in connection with registration in a jurisdiction other than the United States. 

“Request Notice” has the meaning set forth in Section 3.2(a). 

“Restated Articles” means the Third Amended and Restated Memorandum and Articles of Association of the Company, as amended
from time to time. 
 “Right Participants” has the meaning set forth in Section 4.4(b). 

“Right of Participation” has the meaning set forth in Section 4.1. 

“SEC” means the Securities and Exchange Commission of the United States. 

“Second Participation Notice” has the meaning set forth in Section 4.4(b). 

“Second Participation Period” has the meaning set forth in Section 4.4(b). 

  
 6 

 “Securities Act” means the United States Securities Act of 1933, as amended.

 “Selling Expenses” means all underwriting discounts and selling commissions applicable to the sale of Registrable
Securities pursuant to this Agreement. 
 “Sequoia” means Sequoia Capital 2010 CV Holdco, Ltd. 

“Series A Closing Date” means April 13, 2011. 

“Series A Investor” has the meaning set forth in the preamble. 

“Series A Preferred Director” means has the meaning set forth in Section 10.6(a). 

“Series A Preferred Shares” means the Series A Preferred Shares of the Company, par value US$0.000002 per share, with the
rights and privileges as set forth in the Restated Articles. 
 “Series A Purchase Agreement” means the Series A Preferred
Share Purchase Agreement entered into by and among the Company, the Series A Investor and certain other parties thereto dated April 13, 2011. 

“Series B Closing Date” means August 18, 2011. 

“Series B Investors” has the meaning set forth in the preamble. 

“Series B Lead Investor” means Steamboat Ventures V, L.P. 

“Series B Preferred Director” has the meaning set forth in Section 10.6(b). 

“Series B Preferred Shares” means the Series B Preferred Shares of the Company, par value US$0.000002 per share, with the
rights and privileges as set forth in the Restated Articles 
 “Series B Purchase Agreement” means the Series B Preferred
Share Purchase Agreement entered into by and among the Company, the Series B Investor and certain other parties thereto dated August 18, 2011. 

“Series C Investors” has the meaning set forth in the preamble. 

“Series C Lead Investor” means collectively GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. 

“Series C Preferred Director” has the meaning set forth in Section 10.6(c). 

“Series C Preferred Shares” means the Series C Preferred Shares of the Company, par value US$0.000002 per share, with the
rights and privileges as set forth in the Restated Articles. 

  
 7 

 “Series D Closing Date” means the date of Closing as contemplated under the
Series D Purchase Agreement. 
 “Series D Investors” has the meaning set forth in the preamble. 

“Series D Lead Investor” means the Brightfish Investment Ltd. 

“Series D Preferred Director” has the meaning set forth in Section 10.6(c). 

“Series D Preferred Shares” means the Series D Preferred Shares of the Company, par value US$0.000002 per share, with the
rights and privileges as set forth in the Restated Articles. 
 “Series D Purchase Agreement” has the meaning set forth in
the recitals. 
 “Subsidiary” has the meaning set forth in the Restated Articles. 

“Transaction Agreements” has the meaning set forth in the Series D Purchase Agreement. 

“Transfer” has the meaning set forth in Section 5.2(a). 

“Transferor” has the meaning set forth in Section 5.2(a). 

“Transfer Notice” has the meaning set forth in Section 5.2(a). 

“United States” means the United States of America. 

“US GAAP” means generally accepted accounting principles in the United States. 

“Violation” has the meaning set forth in Section 3.8(a). 

“WFOE” has the meaning set forth in the preamble. 

1.2 Interpretation. For all purposes of this Agreement, except as otherwise expressly provided, (i) the terms defined in this
Section 1 shall have the meanings assigned to them in this Section 1 and include the plural as well as the singular, (ii) all accounting terms not otherwise defined herein have the meanings assigned under the Accounting Principles,
(iii) all references in this Agreement to designated “Sections” and other subdivisions are to the designated Sections and other subdivisions of the body of this Agreement, (iv) pronouns of either gender or neuter shall include,
as appropriate, the other pronoun forms, (v) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Section or other subdivision,
(vi) “or” is not exclusive, (vii) all references in this Agreement to designated Schedules are to the Schedules attached to this Agreement unless explicitly stated otherwise, (viii) the term “including” will be
deemed to be followed by “but not limited to,” (ix) the terms “shall,” “will,” and “agrees” are mandatory, and the term “may” is permissive, (x) the term “day” means
“calendar day”, and (xi) all references to dollars are to currency of the United States. 

  
 8 

 1.3 Jurisdiction. The terms of this Agreement are drafted primarily in contemplation of a
securities offering in the United States. The parties recognize, however, the possibility that there may be one or more securities offerings in a jurisdiction other than the United States. It is, accordingly, their intention that whenever this
Agreement refers to a law, form, process or institution of the United States but the parties wish to effectuate a securities offering in a different jurisdiction, reference in this Agreement to the laws or institutions of the United States shall be
read as referring, mutatis mutandis, to the comparable laws, forms, processes or institutions of the jurisdiction in question. 
  

	2.	INFORMATION RIGHTS. 

 2.1 Information Rights. The Group Companies covenant and
agree that, for so long as any Series A Preferred Shares, Series B Preferred Shares, Series C Preferred Shares and Series D Preferred Shares are outstanding, the chief financial officer or financial controller of the Company, shall deliver to the
Board, the Holders and if requested by any Holder, the Affiliates of such Holder: 
 (a) as soon as practicable, but in any
event within one hundred and twenty (120) days after the end of each fiscal year of the Company, audited financial statements for such fiscal year, including consolidated income statements and statements of cash flows for the Group Companies
for such fiscal year and consolidated balance sheets for the Group Companies as of the end of the fiscal year, all prepared in accordance with the US GAAP (the “Accounting Principles”), consistently applied in accordance with
prior practice, certified by the chief financial officer of the Company, and audited and certified by one of the Big Four Accounting Firm approved by the Board (including the approval of at least one Series A Preferred Director, one Series B
Preferred Director, one Series C Preferred Director and one Series D Preferred Director), together with a management report including a comparison of financial results with the applicable budget, all prepared in English; 

(b) as soon as practicable, but in any event within forty-five (45) days after the end of each of the first three fiscal
quarters of each financial year of the Company, consolidated unaudited income statements and statements of cash flows for such fiscal quarter and consolidated unaudited balance sheets for the Group Companies as of the end of such fiscal quarter, all
prepared in accordance with the Accounting Principles consistently applied in accordance with prior practice, and certified by the chief financial officer of the Company, together with a management report including a comparison of financial results
with the applicable budget, all prepared in English; 
 (c) as soon as practicable, but in any event within sixty
(60) days after the end of each month, consolidated unaudited income statements and statements of cash flows for such month and consolidated unaudited balance sheets for the Group Companies as of the end of such month, all prepared in
accordance with the Accounting Principles consistently applied in accordance with prior practice, and certified by the chief financial officer of the Company, together with a management report, including a headcount of the Group Companies, a
comparison of financial results with the applicable budget, a bank statement for such month, and any other information reasonably requested by any Investor all prepared in English; 

  
 9 

 (d) as soon as practicable, but in any event at least thirty (30) days prior
to the end of each fiscal year, a capital and operating budget and business plan for the succeeding fiscal year for the Group Companies, including a balance sheet, a cash flow statement and a profit and loss statement and setting forth for each
quarter during such succeeding fiscal year projected revenues, profits and operating expenses, certified by the chief financial officer of the Company; 

(e) as soon as practicable, but in any event within thirty (30) days after the end of each fiscal year of the Company,
updated and detailed capitalization table of the Company, HK Co., each PRC Subsidiary and each direct or indirect Subsidiary of the Company as of the end of the fiscal year; 

(f) copies of all other documents or other information sent to any Person in such Person’s capacity as a shareholder of a
Group Company, and notice of any material liabilities incurred by or threatened against, and any material lawsuit or other material claim filed or threatened against, any Group Company; and 

(g) copies of any reports filed by the Group Companies with any relevant stock exchange, regulatory authority or governmental
agency. 
 2.2 Inspection Rights. Each of the Group Companies further covenants and agrees that, for so long as any Series A
Preferred Shares, Series B Preferred Shares, Series C Preferred Shares or Series D Preferred Shares or Conversion Shares are outstanding, the Holders shall have (i) the right to inspect facilities, records and books of the Company and any of
its Subsidiaries (including HK Co. and the PRC Subsidiaries) and to make extracts and copies therefrom, at any time during regular working hours on reasonable prior notice to the Company, HK Co. or the PRC Subsidiaries respectively, and
(ii) the right to discuss the business, operations and conditions of the Company and any of its Subsidiaries (including HK Co. and the PRC Subsidiaries) with their respective directors, officers, employees, accountants, legal counsel and
investment bankers (the “Inspection Rights”). The Group Companies agree to provide to the Holders other information and access as may be mutually agreed upon from time to time. 

2.3 Financing Documents. Each of the Group Companies further covenants and agrees that, for so long as any Series A Preferred Shares,
Series B Preferred Shares, Series C Preferred Shares, Series D Preferred Shares or Conversion Shares are outstanding, the Holders shall be provided upon written demand with (i) current versions of all documents relating to all financing
transactions by the Group Companies, the management of the Group Companies or otherwise potentially affecting the interests of the Holders or any other documents that the Holders are required to submit to any securities authorities, stock exchange
or other government agencies in charge, or any other reports and documents that are provided to any shareholder of a Group Company, bearing the signatures of all parties and (ii) the Restated Articles bearing the file stamp of the appropriate
government authority, in each case with all amendments and restatements. For the avoidance of any doubt, the Holders’ rights under this Section 2.3 shall survive the closing of a Qualified IPO. 

  
 10 

	3.	REGISTRATION RIGHTS. 

 3.1 Applicability of Rights. The Holders shall be entitled
to the following rights with respect to any public offering of the Company’s securities in the United States and shall be entitled to reasonably equivalent or analogous rights with respect to any other offering of the Company’s securities
in any other jurisdiction in which the Company undertakes to publicly offer or list such securities for trading on a recognized securities exchange. 

3.2 Demand Registration. 

(a) Request by Holders. If the Company shall, at any time after the earlier of (i) the third (3rd) anniversary
of the Series A Closing Date and (ii) six (6) months following the closing of a Qualified IPO, receive a written request from the Holders of at least ten percent (10%) of the Registrable Securities then outstanding (voting together as
a single class on an as-converted basis) that the Company file a Registration Statement under the Securities Act covering the registration of Registrable Securities pursuant to this Section 3.2, then the Company shall, within ten (10) days
of the receipt of such written request, give written notice of such request (“Request Notice”) to all Holders, and use its best efforts to effect, as soon as practicable, the registration under the Securities Act of all Registrable
Securities that the Holders request to be registered and included in such registration by written notice given by such Holders to the Company within twenty (20) days after receipt of the Request Notice, subject only to the limitations of this
Section 3.2; provided, however, that the Company shall not be obligated to effect any such registration pursuant to this Section 3.2 if the Company has, within the six (6) month period preceding the date of such request,
already effected a registration under the Securities Act pursuant to this Section 3.2 or Section 3.4 or in which the Holders had an opportunity to participate pursuant to the provisions of Section 3.3, other than a registration from
which the Registrable Securities of the Holders have been excluded (with respect to all or any portion of the Registrable Securities the Holders requested be included in such registration) pursuant to the provisions of Section 3.3(a). For
purposes of this Agreement, reference to registration of securities under the Securities Act and the Exchange Act shall be deemed to mean the equivalent registration in any jurisdiction in which the Company’s securities are listed, quoted or
registered, it being understood and agreed that in each such case all references in this Agreement to the Securities Act, the Exchange Act and rules, forms of registration statements and registration of securities thereunder, United States law and
the SEC, shall be deemed to refer to the equivalent statutes, rules, forms of registration statements, registration of securities and laws of any equivalent government authority in the applicable non-United States jurisdiction. 

  
 11 

 (b) Underwriting. If the Holders initiating the registration request under
this Section 3.2 (the “Initiating Holders”) intend to distribute the Registrable Securities covered by their request by means of an underwriting, then they shall so advise the Company as a part of their request made pursuant to
this Section 3.2 and the Company shall include such information in the Request Notice. In such event, the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon the inclusion of such
Holder’s Registrable Securities in the underwriting (unless otherwise mutually agreed by a majority in interest of the Initiating Holders and such Holder) to the extent provided herein. All Holders proposing to distribute their securities
through such underwriting shall enter into an underwriting agreement in customary form with the managing underwriter or underwriters selected for such underwriting by the Holders of a majority of the Registrable Securities being registered (voting
together as a single class on an as-converted basis) and reasonably acceptable to the Company. Notwithstanding any other provision of this Section 3.2, if the underwriter(s) advise(s) the Company in writing that marketing factors require a
limitation of the number of securities to be underwritten, then the Company shall so advise all Holders of Registrable Securities which would otherwise be registered and underwritten pursuant hereto, and the number of Registrable Securities that may
be included in the underwriting shall be reduced as required by the underwriter(s) and allocated among the Holders of Registrable Securities on a pro rata basis according to the number of Registrable Securities then outstanding held by each Holder
requesting registration (including the Initiating Holders); provided, however, that the number of shares of Registrable Securities to be included in such underwriting and registration shall not be reduced unless all other securities
are first entirely excluded from the underwriting and registration including, without limitation, all shares that are not Registrable Securities and are held by any other person, including, without limitation, any person who is an employee, officer,
Director, consultant or holder of the Ordinary Shares of the Company or any Subsidiary of the Company; and provided further, that at least thirty percent (30%) of the Registrable Securities requested by the Holders to be included
in such underwriting and registration shall be so included. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the underwriter(s), delivered at least five
(5) days prior to the printing and delivery of, or other dissemination of, a preliminary prospectus, or similar document for use in the Company’s road show. Any Registrable Securities excluded or withdrawn from such underwriting shall be
excluded and withdrawn from the registration. 
 (c) Maximum Number of Demand Registrations. The Company shall not be
obligated to effect more than three (3) such demand registrations pursuant to this Section 3.2. 
 (d)
Deferral. Notwithstanding the foregoing, if the Company shall furnish to the Holders requesting registration pursuant to this Section 3.2, a certificate signed by the president or chief executive officer of the Company stating that in
the good faith judgment of the Board, it would be materially detrimental to the Company and its shareholders for such registration statement to be filed at such time, then the Company shall have the right to defer such filing for a period of not
more than ninety (90) days after receipt of the request of the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any twelve (12) month period; provided further,
that the Company shall not register any other of its securities during such twelve (12) month period. A demand right shall not be deemed to have been exercised until such deferred registration shall have been effected. 

  
 12 

 3.3 Piggyback Registrations. 

(a) Notification. The Company shall notify all Holders of Registrable Securities in writing at least thirty
(30) days prior to filing any registration statement under the Securities Act for purposes of effecting a public offering of securities of the Company (including, but not limited to, registration statements relating to secondary offerings of
securities of the Company, but excluding registration statements relating to any registration under Section 3.2 or Section 3.4 of this Agreement or to any employee benefit plan or a corporate reorganization), and shall afford each such
Holder an opportunity to include in such registration statement all or any part of the Registrable Securities then held by such Holder. Each Holder desiring to include in any such registration statement all or any part of the Registrable Securities
held by it shall within twenty (20) days after receipt of the above-described notice from the Company, so notify the Company in writing, and in such notice shall inform the Company of the number of Registrable Securities such Holder wishes to
include in such registration statement. If a Holder decides not to include all of its Registrable Securities in any registration statement thereafter filed by the Company, such Holder shall nevertheless continue to have the right to include any
Registrable Securities in any subsequent registration statement or registration statements as may be filed by the Company with respect to offerings of its securities, all upon the terms and conditions set forth herein. 

(b) Underwriting. If a registration statement under which the Company gives notice under this Section 3.3 is for an
underwritten offering, then the Company shall so advise each Holder of Registrable Securities. In such event, the right of any such Holder’s Registrable Securities to be included in a registration pursuant to this Section 3.3 shall be
conditioned upon the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their Registrable Securities through such underwriting shall enter into an
underwriting agreement in customary form with the managing underwriter or underwriters selected for such underwriting. Notwithstanding any other provision of this Agreement but subject to Section 3.11, if the managing underwriter(s)
determine(s) in good faith that marketing factors require a limitation of the number of shares to be underwritten, then the managing underwriter(s) may exclude shares from the registration and the underwriting, and the number of shares that may be
included in the registration and the underwriting shall be allocated, first, to the Company, second, to each of the Holders requesting inclusion of their Registrable Securities in such registration statement on a pro rata basis based
on the total number of shares of Registrable Securities then held by each such Holder, and third, to holders of other securities of the Company; provided, however, that the right of the underwriter(s) to exclude shares
(including Registrable Securities) from the registration and underwriting as described above shall be restricted so that (i) the number of Registrable Securities included in any such registration is not reduced below thirty percent
(30%) of the aggregate number of shares of Registrable Securities for which inclusion has been requested; and (ii) all shares that are not Registrable Securities and are held by any other Person, including, without limitation, any Person
who is an employee, officer, Director or holder of the Ordinary Shares of the Company (or any Subsidiary of the Company) shall first be excluded from such registration and underwriting before any Registrable Securities are so excluded. If any Holder
disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the underwriter(s), delivered at least five (5) days prior to the printing and delivery of, or other
dissemination of, a preliminary prospectus, or similar document for use in the Company’s road show. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration. 

(c) Not Demand Registration. Registration pursuant to this Section 3.3 shall not be deemed to be a demand
registration as described in Section 3.2 above. There shall be no limit on the number of times the Holders may request registration of Registrable Securities under this Section 3.3. 

  
 13 

 3.4 Form S-3 or Form F-3 Registration. In case the Company shall receive from any Holder
or Holders of a majority of all Registrable Securities then outstanding (voting together as a single class on an as-converted basis) a written request or requests that the Company effect a registration on Form S-3 or Form F-3 and any related
qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or Holders, then the Company will: 

(a) Notice. Promptly give written notice of the proposed registration and the Holder’s or Holders’ request
therefor, and any related qualification or compliance, to all other Holders of Registrable Securities; and 
 (b)
Registration. As soon as practicable, effect such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holders or
Holders’ Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within twenty
(20) days after the Company provides the notice contemplated by Section 3.4(a); provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance pursuant to this
Section 3.4: 
 (1) if Form S-3 or Form F-3 is not available for such offering by the Holders; 

(2) if the Holders, together with the holders of any other securities of the Company entitled to inclusion in such
registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public of less than US$1,000,000; 

(3) if the Company shall furnish to the Holders a certificate signed by the president or chief executive officer of the
Company stating that in the good faith judgment of the Board, it would be materially detrimental to the Company and its shareholders for such Form S-3 or Form F-3 Registration to be effected at such time, in which event the Company shall have the
right to defer the filing of the Form S-3 or Form F-3 registration statement no more than once during any twelve (12) month period for a period of not more than ninety (90) days after receipt of the request of the Holder or Holders under
this Section 3.4; provided that the Company shall not register any other securities during such ninety (90) day period; 

  
 14 

 (4) if the Company has, within the six (6) month period preceding the date
of such request, already effected a registration under the Securities Act other than a registration from which the Registrable Securities of Holders have been excluded (with respect to all or any portion of the Registrable Securities the Holders
requested be included in such registration) pursuant to the provisions of Sections 3.2, 3.3 and 3.4; or 
 (5) in any
particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance. 

Subject to the foregoing, the Company shall file a Form S-3 or Form F-3 registration statement covering the Registrable Securities and other
securities so requested to be registered as soon as practicable after receipt of the request or requests of the Holders. 

(c) Not Demand Registration. Form S-3 or Form F-3 registrations shall not be deemed to be demand registrations as
described in Section 3.2 above. Except as otherwise provided herein, there shall be no limit on the number of times the Holders may request registration of Registrable Securities under this Section 3.4. 

3.5 Expenses. All Registration Expenses incurred in connection with any registration pursuant to Sections 3.2, 3.3 or 3.4 (but
excluding Selling Expenses) shall be borne by the Company. Each Holder participating in a registration pursuant to Sections 3.2, 3.3 or 3.4 shall bear such Holder’s proportionate share (based on the total number of shares sold in such
registration other than for the account of the Company) of all Selling Expenses. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any registration proceeding commenced pursuant to Section 3.2 if the
registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered, unless the Holders of a majority of the Registrable Securities then outstanding agree that such registration
constitutes the use by the Holders of one (1) demand registration pursuant to Section 3.2 (in which case such registration shall also constitute the use by all Holders of Registrable Securities of one (1) such demand registration);
provided further, that if at the time of such withdrawal, the Holders have learned of a material adverse change in the condition, business, or prospects of the Company not known to the Holders at the time of their request for such
registration and have withdrawn their request for registration with reasonable promptness after learning of such material adverse change, then the Holders shall not be required to pay any of such expenses and such registration shall not constitute
the use of a demand registration pursuant to Section 3.2. 

  
 15 

 3.6 Obligations of the Company. Whenever required to effect the registration of any
Registrable Securities under this Agreement the Company shall, as expeditiously as reasonably possible: 
 (a)
Registration Statement. Prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its best efforts to cause such registration statement to become effective, and, upon the request of the Holders
of a majority of the Registrable Securities registered thereunder, keep such registration statement effective until the distribution contemplated in the registration statement has been completed; provided, however, that in the case of
any registration of Registrable Securities on Form F-3 which are intended to be offered on a continuous or delayed basis, such period shall be extended, if necessary, to keep the registration statement effective until all such Registrable Securities
are sold. 
 (b) Amendments and Supplements. Prepare and file with the SEC such amendments and supplements to such
registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration
statement. 
 (c) Prospectuses. Furnish to the Holders such number of copies of a prospectus, including a preliminary
prospectus, in conformity with the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of the Registrable Securities owned by them that are included in such registration.

 (d) Blue Sky. Use its best efforts to register and qualify the securities covered by such registration statement
under such other securities or “blue sky” laws of such jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do
business or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act. 

(e) Underwriting. In the event of any underwritten public offering, enter into and perform its obligations under an
underwriting agreement in usual and customary form, with the managing underwriter(s) of such offering. Each Holder participating in such underwriting shall also enter into and perform its obligations under such underwriting agreement. 

(f) Notification. Notify each Holder of Registrable Securities covered by such registration statement at any time when a
prospectus relating thereto is required to be delivered under the Securities Act of (i) the issuance of any stop order by the SEC in respect of such registration statement, or (ii) the occurrence of any event as a result of which the
prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the
light of the circumstances then existing. 

  
 16 

 (g) Opinions and Comfort Letter. Furnish, at the request of any Holder
requesting registration of Registrable Securities, on the date that such Registrable Securities are delivered to the underwriter(s) for sale, if such securities are being sold through underwriters, or, if such securities are not being sold through
underwriters, on the date that the registration statement with respect to such securities becomes effective, (i) legal opinions, each dated as of such date, of counsel representing the Company for the purposes of such registration, in form and
substance as is customarily given to underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders requesting registration, addressed to the underwriters, if any, and to the Holders requesting
registration of Registrable Securities and (ii) letters dated as of (x) the effective date of the registration statement covering such Registrable Securities and (y) the closing date of the offering, from the independent certified
public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders
requesting registration, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities. 
 3.7
Furnish Information. It shall be a condition precedent to the obligations of the Company to take any action pursuant to Sections 3.2, 3.3 or 3.4 that the selling Holders shall furnish to the Company such information regarding themselves, the
Registrable Securities held by them and the intended method of disposition of such securities as shall be required to timely effect the Registration of their Registrable Securities. 

3.8 Indemnification. In the event any Registrable Securities are included in a registration statement under Sections 3.2, 3.3 or 3.4:

 (a) By the Company. To the extent permitted by law, the Company will indemnify and hold harmless each Holder, its
partners, officers, directors, employees, legal counsel, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange
Act, against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act, or other United States federal or state law, insofar as such losses, claims, damages, or
liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”): 

(i) any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including
any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; 
 (ii) the
omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or 

(iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any United States federal or
state securities law, or any rule or regulation promulgated under the Securities Act, the Exchange Act, or any United States federal or state securities law in connection with the offering covered by such registration statement; 

  
 17 

 and the Company will reimburse each such Holder, its partner, officer, director, legal counsel,
underwriter or controlling person for any legal or other expenses reasonably incurred by them, as such expenses are incurred, in connection with investigating or defending any such loss, claim, damage, liability or action; provided,
however, that the indemnity agreement contained in this subsection 3.8(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company
(which consent shall not be unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim, damage, liability or action to the extent (and only to the extent) that it arises out of or is based upon a Violation
which occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by such Holder, partner, officer, director, employee, legal counsel, underwriter or controlling person of such
Holder. 
 (b) By Selling Holders. To the extent permitted by law, each selling Holder will, if Registrable Securities
held by such Holder are included in the securities as to which such registration qualifications or compliance is being effected, indemnify and hold harmless the Company, each of its directors, each of its officers who has signed the registration
statement, each person, if any, who controls the Company within the meaning of the Securities Act, any underwriter and any other Holder selling securities under such registration statement or any of such other Holder’s partners, directors,
officers, legal counsel, accountant or any person who controls such Holder within the meaning of the Securities Act or the Exchange Act, against any losses, claims, damages or liabilities (joint or several) to which the Company or any such director,
officer, employee, legal counsel, accountant, controlling person, underwriter or other such Holder, partner or director, officer, employee or controlling person of such other Holder may become subject under the Securities Act, the Exchange Act or
other United States federal or state law, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation
occurs in reliance upon and in conformity with written information furnished by such Holder expressly for use in connection with such registration; and each such Holder will reimburse any legal or other expenses reasonably incurred by the Company or
any such director, officer, employee, controlling person, underwriter or other Holder, partner, officer, director, employee or controlling person of such other Holder in connection with investigating or defending any such loss, claim, damage,
liability or action; provided, however, that the indemnity agreement contained in this subsection 3.8(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected
without the consent of the Holder, which consent shall not be unreasonably withheld; and provided, further, that in no event shall any indemnity under this Section 3.8(b) exceed the net proceeds received by such Holder in the
registered offering out of which the applicable Violation arises. 

  
 18 

 (c) Notice. Promptly after receipt by an indemnified party under this
Section 3.8 of notice of the commencement of any action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 3.8, deliver to the
indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to
assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party shall have the right to retain its own counsel, with the fees and expenses to be paid by the indemnifying party,
if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential conflict of interests between such indemnified party and any other party represented by such counsel in
such proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall relieve such indemnifying party of liability to the indemnified party under this Section 3.8
to the extent the indemnifying party is prejudiced as a result thereof, but the omission to so deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this
Section 3.8. 
 (d) Contribution. In order to provide for just and equitable contribution to joint liability
under the Securities Act in any case in which either (i) any indemnified party makes a claim for indemnification pursuant to this Section 3.8 but it is judicially determined (by the entry of a final judgment or decree by a court of
competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding the fact that this Section 3.8 provides for indemnification in
such case, or (ii) contribution under the Securities Act may be required on the part of any indemnified party in circumstances for which indemnification is provided under this Section 3.8; then, and in each such case, the indemnified party
and the indemnifying party will contribute to the aggregate losses, claims, damages or liabilities to which they may be subject (after contribution from others) in such proportion so that a Holder (together with its related persons) is responsible
for the portion represented by the percentage that the net proceeds received from the sale of its Registrable Securities offered by and sold under the registration statement bears to the net proceeds received from the sale of all securities offered
by and sold under such registration statement, and the Company and other selling Holders are responsible for the remaining portion. The relative fault of the indemnifying party and of the indemnified party shall be determined by a court of law by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission; provided, however, that, in any such case: (A) no Holder will be required to contribute any amount in excess of
the net proceeds to such Holder from the sale of all such Registrable Securities offered and sold by such Holder pursuant to such registration statement; and (B) no person or entity guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) will be entitled to contribution from any person or entity who was not guilty of such fraudulent misrepresentation. 

  
 19 

 (e) Survival; Consents to Judgments and Settlements. The obligations of
the Company and Holders under this Section 3.8 shall survive the completion of any offering of Registrable Securities in a registration statement, regardless of the expiration of any statutes of limitation or extensions of such statutes. No
indemnifying party, in the defense of any such claim or litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the
giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 
 3.9
Termination of the Company’s Obligations. The Company shall have no obligations pursuant to Section 3 with respect to any Registrable Securities proposed to be sold by a Holder in a registration pursuant to Section 3 if, in the
reasonable opinion of counsel to the Company, all Registrable Securities may then be sold without registration pursuant to Rule 144 promulgated under the Securities Act. 

3.10 No Registration Rights to Third Parties. Without the prior written consent of the Holders of a majority of the Registrable
Securities then outstanding (voting together as a single class on an as-converted basis), the Company shall not grant, or cause or permit to be created, for the benefit of any person or entity any registration rights of any kind (whether similar to
the demand, “piggyback” or Form S-3 or Form F-3 registration rights described in this Section 3, or otherwise) relating to any securities of the Company. 

3.11 Market Stand-Off. Each party agrees that, so long as it holds any voting securities of the Company, upon request by the Company or
the underwriters managing the initial public offering of the Company’s securities, it will not sell or otherwise transfer or dispose of any securities of the Company (other than those permitted to be included in the registration and other
transfers to affiliates permitted by law) without the prior written consent of the Company or such underwriters, as the case may be, for a period of time specified by the representative of the underwriters not to exceed one hundred and eighty
(180) days from the effective date of the registration statement covering such initial public offering or the pricing date of such offering as may be requested by the underwriters, provided that (i) all officers, Directors and holders of
the Ordinary Shares of the Company have been locked up during the said period, (ii) if any securities of the Company are excluded or released in whole or part from such restrictions, the Company shall so notify each Holder within three
(3) days and each Holder shall also be excluded or released, and (iii) the market stand-off agreement permits private transfers to any third-party transferee provided that such transferee agrees to be bound by the same market stand-off
agreement. The foregoing provision of this Section 3.11 shall not apply to (i) the private transfer of the securities of the Company by any Holder to its Affiliates and (ii) the sale of any securities of the Company to an underwriter
pursuant to any underwriting agreement. The Company shall require all future acquirers of the Company’s securities holding at least one percent (1%) of the then outstanding share capital of the Company to execute a market stand-off
agreement containing substantially similar provisions as those contained in this Section 3.11. 

  
 20 

 3.12 Rule 144 Reporting. With a view to making available to the Holders the benefits of
certain rules and regulations of the SEC which may at any time permit the sale of the Registrable Securities to the public without registration or pursuant to a registration on Form S-3 or Form F-3, after such time as a public market exists for the
Ordinary Shares, the Company agrees to: 
 (a) Make and keep public information available, as those terms are understood and
defined in Rule 144 under the Securities Act, at all times after the effective date of the first registration under the Securities Act filed by the Company for an offering of its securities to the general public; 

(b) File with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and
the Exchange Act (at any time after it has become subject to such reporting requirements); and 
 (c) So long as a Holder
owns any Registrable Securities, to furnish to such Holder forthwith upon request (i) a written statement by the Company as to its compliance with the reporting requirements of Rule 144 (at any time after ninety (90) days after the
effective date of the Company’s initial public offering), the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), or its qualification as a registrant whose securities may be resold
pursuant to Form S-3 or Form F-3 (at any time after it so qualifies), (ii) a copy of the most recent annual or quarterly report of the Company, and (iii) such other reports and documents of the Company as a Holder may reasonably request in
availing itself of any rule or regulation of the SEC that permits the selling of any such securities without registration or pursuant to Form S-3 or Form F-3. 

3.13 Public Offering Rights (Non-U.S. Offerings). In the event that the Company offers shares in an underwritten public offering
(whether or not a Qualified IPO) outside the United States in which any shareholder sells into the offering, each Holder shall have the right to include a pro-rata number of shares (calculated on a fully diluted and as-converted basis based on the
number of shares then held by the Holders and all other shareholders of the Company selling in the offering) in the offering on terms and conditions no less favorable to the Holders than those applicable to any other selling shareholder. 

3.14 Re-sale Rights. The Company shall use its best efforts to assist each Holder in the sale or disposition of its Registrable
Securities after a Qualified IPO, including the prompt delivery of applicable instruction letters by the Company and legal opinions from the Company’s counsels in forms satisfactory to the Holder’s counsel. In the event the Company has
depositary receipts listed or traded on any stock exchange or inter-dealer quotation system, the Company shall pay all costs and fees related to such depositary facility, including conversion fees and maintenance fees for Registrable Securities held
by the Holders. 
 3.15 Termination of Rights. The provisions under this Section 3 shall remain in full force and effect within
three (3) years after the closing of a Qualified IPO. 
  

	4.	PARTICIPATION. 

 4.1 General. The Eligible Holder and any Person to which rights
under this Section 4 have been duly assigned in accordance with Section 7 (each Eligible Holder and its assignee(s) are hereinafter referred to as a “Participation Rights Holder”) shall have the right to purchase such
Participation Rights Holder’s Pro Rata Share (as defined below) subject to the terms of Section 4.4(a), of all (or any part) of New Securities (as defined in Section 4.3) that the Company may from time to time issue after the date of
this Agreement (the “Right of Participation”). 

  
 21 

 4.2 Pro Rata Share. A Participation Rights Holder’s “Pro Rata Share”
for purposes of the Right of Participation is the ratio of (a) the number of Ordinary Shares (calculated on a fully diluted and as-converted basis, and, for the avoidance of any doubt, all shares underlying any warrant issued by the Company to
any Investor shall be calculated, no matter whether the Investor has exercised such warrant or not) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully diluted and as-converted basis, and,
for the avoidance of any doubt, all shares underlying any warrant issued by the Company to the Investors shall be calculated, no matter whether the Investor has exercised such warrant or not) issued, and issuable upon conversion of the Preferred
Shares, immediately prior to the issuance of New Securities giving rise to the Right of Participation. 
 4.3 New Securities.
“New Securities” shall mean any Preferred Shares, any other shares of the Company designated as “Preferred Shares”, Ordinary Shares or other voting shares of the Company, whether now authorized or not, and rights, options
or warrants to purchase such Preferred Shares, Ordinary Shares and securities of any type whatsoever that are, or may become, convertible or exchangeable into such Preferred Shares, Ordinary Shares or other voting shares, provided,
however, that the term “New Securities” shall not include any Excepted Issuance. 
 4.4 Procedure. 

(a) First Participation Notice. In the event that the Company proposes to undertake an issuance of New Securities (in a
single transaction or a series of related transactions), it shall give to each Participation Rights Holder written notice of its intention to issue New Securities (the “First Participation Notice”), describing the amount and type of
New Securities, the price and the general terms upon which the Company proposes to issue such New Securities. Each Participation Rights Holder shall have twenty (20) Business Days from the date of receipt of any such First Participation Notice
to (i) agree in writing to purchase up to its Participation Rights Holder’s Pro Rata Share of such New Securities for the price and upon the terms and conditions specified in the First Participation Notice by giving written notice to the
Company and stating therein the quantity of New Securities to be purchased (not to exceed such Participation Rights Holder’s Pro Rata Share) and (ii) provide written evidence of funds (i.e. bank confirmation letter) in the amount of the
purchase price of the New Securities elected to be purchased. If any Participation Rights Holder fails to satisfy both Section 4.4(a)(i) and Section 4.4(a)(ii) in writing within such twenty (20) Business Day period to purchase such
Participation Rights Holder’s full Pro Rata Share of an offering of New Securities, then such Participation Rights Holder shall forfeit the right hereunder to purchase that part of its Pro Rata Share of such New Securities that it did not agree
to purchase. Notwithstanding the foregoing, the Series B Lead Investor shall have the right, but not the obligation, to purchase an additional number of New Securities above and beyond the number of its Pro Rata Share up to an portion that the total
equity interest held by the Series B Lead Investor shall represent fifteen percent (15%) of the shares of the Company on fully-diluted and as-converted basis immediately after the closing of such issuance of New Securities. If the Series B Lead
Investor elects to exercise such right to purchase additional New Securities, then the maximum number of shares that each other Participating Rights Holders is entitled to purchase under this Section 4.4(a) shall be reduced accordingly. 

  
 22 

 (b) Second Participation Notice; Oversubscription. If any Participating
Rights Holder fails or declines to exercise its Right of Participation in accordance with Section 4.4(a) above and there remains any New Securities available for subscription, the Company shall promptly give notice (the “Second
Participation Notice”) to the other Participating Rights Holders who exercised their Right of Participation (the “Right Participants”) in accordance with Section 4.4(a) above. Each Right Participant shall have ten (10) days
from the date of the Second Participation Notice (the “Second Participation Period”) to (i) notify the Company of its desire to purchase more than its Pro Rata Share of the New Securities, stating the number of the additional
New Securities it proposes to buy (the “Additional Number”) and (ii) provide written evidence of funds (i.e. bank confirmation letter) in the amount of the purchase price of the Additional Number elected to be purchased. Such
notice may be made by telephone if confirmed in writing within in two (2) days, however the evidence of funds must be submitted in written form. Failure to satisfy the conditions in this Section 4.4(b) within the Second Participation
Period will forfeit any right of the Right Participant to purchase the Additional Number. If, as a result thereof, such oversubscription exceeds the total number of the remaining New Securities available for purchase, each oversubscribing Right
Participant will be cut back by the Company with respect to its oversubscription to that number of remaining New Securities equal to the lesser of (x) the Additional Number and (y) the product obtained by multiplying (i) the number of
the remaining New Securities available for subscription by (ii) a fraction, the numerator of which is the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such oversubscribing Right Participant and the
denominator of which is the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by all the oversubscribing Right Participants. Each Right Participant shall be obligated to buy such number of New Securities as
determined by the Company pursuant to this Section 4.4 and the Company shall so notify the Right Participants within fifteen (15) Business Days following the date of the Second Participation Notice. 

4.5 Failure to Exercise. Upon the expiration of the Second Participation Period, or in the event no Participation Rights Holder
exercises the Right of Participation within twenty (20) Business Days following the issuance of the First Participation Notice, the Company shall have ninety (90) days thereafter to sell the New Securities described in the First
Participation Notice (with respect to which the Right of Participation hereunder were not exercised) at the same or higher price and upon non-price terms not materially more favorable to the purchasers thereof than specified in the First
Participation Notice. In the event that the Company has not issued and sold such New Securities within such ninety (90) day period, then the Company shall not thereafter issue or sell any New Securities without again first offering such New
Securities to the Participation Rights Holders pursuant to this Section 4. 
 4.6 Termination. The Right of Participation for
each Participation Rights Holder shall terminate on the consummation of the Qualified IPO, or a Deemed Liquidation Event. 

  
 23 

	5.	TRANSFER RESTRICTIONS. 

 5.1 Prohibition on Sale. Subject to Section 5.9 of
this Agreement, for a period starting from the execution of this Agreement and ending on the consummation of the Qualified IPO (the “Restricted Period”), the Ordinary Holders shall not transfer, sell or pledge any Equity Securities
(as defined below) directly or indirectly held by them without the prior written consent of the Investors holding majority of the Preferred Shares. 

Notwithstanding any provisions to the contrary hereby, for the avoidance of doubt, to the full extent permitted by law, the Series A Preferred
Shares, the Series B Preferred Shares, the Series C Preferred Shares and Series D Preferred Shares shall not be subject to any lock-up, right of first refusal, co-sale right, or other contractual conditions or restrictions on transfers except as
required by law. 
 5.2 Right of First Refusal and Right of Co-Sale. 

(a) Transfer Notice. If (i) during the Restricted Period any Ordinary Holder proposes to sell or transfer Equity
Securities held by it to one or more third parties other than in connection with a Drag-Along Sale, or (ii) at any time any Equity Securities held by the Ordinary Holders are transferred involuntarily pursuant to divorce, legal separation,
bankruptcy or other proceedings, death or any other involuntary transfer (each such transferring party referenced in this Section 5.2(a), a “Transferor”, and each such disposition referenced in this Section 5.2(a), a
“Transfer”), then such Transferor shall give each Holder and the Company a written notice of such Transferor’s intention to make such Transfer (the “Transfer Notice”), which Transfer Notice shall include
(i) a description of the Equity Securities to be transferred (the “Offered Shares”), (ii) the identity of the prospective transferee(s) and (iii) the consideration and the material terms and conditions upon which the
proposed Transfer is to be made. The Transfer Notice shall certify that such Transferor has received a firm offer from the prospective transferee(s) and in good faith believes a binding agreement for the Transfer is obtainable on the terms set forth
in the Transfer Notice. The Transfer Notice shall also include a copy of any written proposal, term sheet or letter of intent or other agreement relating to the proposed Transfer. 

(b) Right of First Refusal. 

(1) Each Holder shall have the right, exercisable upon giving a written notice to the Transferor and the Company (the
“Purchase and Co-Sale Notice”) within thirty (30) days (the “Option Period”) after its receipt of the Transfer Notice, to purchase up to its Pro Rata Portion (as defined below) of the Offered Shares on the same
terms and conditions as set forth in the Transfer Notice, subject to Section 5.2(b)(4) below. The Purchase and Co-Sale Notice shall state (i) whether the Holder desires to purchase its Pro Rata Portion of the Offered Shares, and
(ii) whether the Holder elects not to purchase any of the Offered Shares but wishes to sell a portion of the securities held by such Holder pursuant to Section 5.2(c) of this Agreement and the number of securities to be sold (subject to
Section 5.2(c)(2)). A Holder has the option to either purchase or sell under this Section 5 and such right shall not be construed as an option to both purchase and sell with respect to the same Transfer. A Holder who elects to purchase its
entire Pro Rata Portion of the Offered Shares shall be referred to herein as a “Purchasing Holder”. If any Holder fails to exercise its right to purchase its full Pro Rata Portion of such Offered Shares, the Transferor shall deliver
written notice thereof (the “Second Notice”), within five (5) days after the expiration of the Option Period, to each Purchasing Holder and the Company. The Purchasing Holder shall have a right of re-allotment, and may exercise
an additional right to purchase such unpurchased Offered Shares by notifying the Transferor and the Company in writing within ten (10) days after receipt of the Second Notice (the “Re-allotment Period”); provided,
however, that if the Purchasing Holders desire to purchase in aggregate more than the number of such unpurchased Offered Shares, then such unpurchased Offered Shares will be allocated to the extent necessary among the Purchasing Holders in
accordance with their relative Pro Rata Shares. 

  
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 (2) Each Holder’s “Pro Rata Portion” shall be equal to a
fraction, the numerator of which is the number of the Ordinary Shares (calculated on an as if converted basis) held by the Purchasing Holder and the denominator of which is the total number of the Ordinary Shares (calculated on an as if converted
basis) held by all Purchasing Holders calculated immediately prior to the time of the purchase hereunder from the Transferor. 

(3) In the event that the consideration for the Offered Shares specified in a Transfer Notice is payable in property other
than cash and the Transferor and the Holder who wishes to purchase the Offered Shares cannot agree on the cash value of such property within ten (10) days after such Holder’s receipt of the Transfer Notice, the value of such property shall
be determined by an appraiser of recognized standing selected jointly by the Transferor and the Holder. If they cannot agree on an appraiser within twenty (20) days after receipt of the Transfer Notice by the Holders, within a further five
(5)-day period, the Transferor and the Holders shall each select an appraiser of recognized standing and the two appraisers shall designate a third appraiser of recognized standing to determine the value of such property. The value of such property
shall be determined by the appraiser selected pursuant to this Section 5.2(b)(3) within one month from its appointment, and such determination shall be final and binding on the Transferor and the Holders. The cost of such appraisal shall be
shared equally by the Transferor, on the one hand, and the Holders, on the other hand. If the Option Period has expired but the value of the consideration for the Offered Shares offered by the Transferor has not been determined, then such thirty
(30) day period shall be extended to the fifth Business Day after such valuation is determined to be final and binding pursuant to this Section 5.2(b)(3). 

  
 25 

 (4) In the event that the transfer in question is by operation of law or another
involuntary transfer (including a transfer incident to death, divorce, legal separation or bankruptcy) the price per share shall be the greater of the original purchase price paid by a Transferor for such Offered Shares (appropriately adjusted for
share splits, share dividends, combinations and the like) or the fair market value of such Offered Shares, which shall be a price set by the Board that will reflect the current value of the shares in terms of present earnings and future prospects of
the Company, determined within thirty (30) days after receipt by the Company of the Transfer Notice. In the event that the Transferor or the Transferor’s executor disagrees with such valuation as determined by the Board, the Transferor or
the Transferor’s executor shall be entitled to have the valuation determined by an independent appraiser to be mutually agreed upon by the Company and the Transferor or the Transferor’s executor, the fees of which appraiser shall be borne
equally by the Company and the Transferor or the Transferor’s estate. 
 (5) Subject to applicable securities Laws,
each Holder shall be entitled to apportion Offered Shares to be purchased among its Affiliates, provided that such Holder notifies the Company and the Transferor in writing. 

(c) Right of Co-Sale. 

(1) Following the expiration of the right of first refusal and purchase rights described in Section 5.2(b), each Holder
who previously notified the Transferor in writing of such Holder’s desire to sell a portion of his, her or its shares with the Transferor (such Holder, a “Co-Sale Participant”) shall have the right to participate in the sale of
any Offered Shares that were not purchased by the Holders pursuant to Section 5.2(b), on the same terms and conditions as specified in the Transfer Notice; provided, however, that no Holders shall be entitled under this
Section 5.2(c) to participate in Transfers of Equity Securities by a Transferor incident to divorce, legal separation, bankruptcy or other proceedings, or death or in any other involuntary Transfers of Equity Securities by a Transferor. To the
extent one or more Holders exercise such right of co-sale in accordance with the terms and conditions set forth below, the number of Equity Securities that the Transferor may sell in the Transfer shall be correspondingly reduced. 

(2) Each Co-Sale Participant may sell all or any part of that number of Equity Securities issued upon conversion equal to the
product obtained by multiplying (A) the Offered Shares, less any Offered Shares purchased by the Purchasing Holders, by (B) a fraction, the numerator of which shall be the number of Ordinary Shares (calculated on an as if converted basis)
held by such Co-Sale Participant and the denominator of which shall be the total number of Ordinary Shares (calculated on an as if converted basis) held by all Co-Sale Participants and the Transferor, calculated immediately prior to the time of the
Transfer. 

  
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 (3) Each Co-Sale Participant shall effect its participation in the sale by
promptly delivering to the Transferor for Transfer to the prospective purchaser one or more certificates, properly endorsed for transfer, which represent: 

(i) the series and number of securities of the Company which such Co-Sale Participant elects to sell; or 

(ii) that number of securities which such Co-Sale Participant elects to sell; provided, however, that if the
prospective third-party purchaser objects to the delivery of Preferred Shares in lieu of Ordinary Shares, such Co-Sale Participant intending to sell Preferred Shares shall first convert such Preferred Shares into Ordinary Shares and deliver Ordinary
Shares as provided in this Section 5.2(c)(2). The Company agrees to make any such conversion concurrent with the actual transfer of such shares to the purchaser and contingent upon such Transfer. 

(4) The share certificate or certificates that the Co-Sale Participant delivers to such Transferor pursuant to
Section 5.2(c)(3) shall be delivered to the Company and shall be cancelled and the Company shall re-issue a share certificated to be transferred to the prospective purchaser in consummation of the sale of the Offered Shares to the terms and
conditions specified in the Transfer Notice, and such Transferor shall concurrently therewith remit to such Co-Sale Participant that portion of the sale proceeds to which such Co-Sale Participant is entitled by reason of its participation in such
sale. To the extent that any prospective purchaser or purchasers prohibits such assignment or otherwise refuses to purchase shares or other securities from a Co-Sale Participant exercising its rights of co-sale hereunder, such Transferor shall not
sell to such prospective purchaser or purchasers any Equity Securities unless and until, simultaneously with such sale, such Transferor shall purchase such shares or other securities from such Co-Sale Participant for the same consideration and on
the same terms and conditions as the proposed Transfer described in the Transfer Notice. 
 5.3 Non-Exercise of Rights. To the extent
that the Holders have not exercised their rights to purchase all of a Transferor’s Offered Shares in accordance with Section 5.2(b), then, subject to the right of the Holders to exercise their rights to participate in the sale of Offered
Shares specified in Section 5.2(c), such Transferor shall have a period of sixty (60) days from the expiration of such rights in which to sell any remaining Offered Shares, upon terms and conditions (including the purchase price) no more
favorable to the purchaser than those specified in the Transfer Notice, to the third-party transferee(s) identified in the Transfer Notice. The third-party transferee(s) shall, as a condition to the effectiveness of transfer of the Offered Shares,
furnish the Company and the Holders with a written agreement to be bound by and comply with this Agreement, including without limitation all provisions of this Section 5, as if such transferee(s) were a Transferor hereunder, as well as the
terms of the agreement pursuant to which such Offered Shares were issued. The Company shall not register any such transferee(s) as the legal owner of the Offered Shares until such transferee(s) become a party to this Agreement. In the event a
Transferor does not consummate the sale or disposition of the Offered Shares within the sixty (60)-day period from the expiration of these rights, each Holder’s rights under Section 5.2 shall continue to be applicable to any subsequent
disposition of the Offered Shares by such Transferor. Furthermore, the exercise or non-exercise by the Holders to purchase Offered Shares from such Transferor shall not adversely affect the Holders’ rights to make subsequent purchases from any
Transferor of Offered Shares. Any proposed Transfer on terms and conditions different than those described in the Transfer Notice, as well as any subsequent proposed Transfer of any of the Offered Shares shall again be subject to the right of first
refusal and the co-sale right of the Holders and shall require compliance by the relevant Transferor with the procedures described in this Section 5. 

  
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 5.4 Prohibited Transfers. Notwithstanding the foregoing, any attempt by such Transferor to
transfer Offered Shares in violation of Section 5 hereof shall be void and the Company agrees it will not effect such a transfer nor will it treat any alleged transferee(s) as the holder of such shares without the written consent of a majority
in interest of the Holders. 
 5.5 Legend. 

(a) Each certificate representing the Equity Securities shall be endorsed with the following legend: 

“THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO CERTAIN
RESTRICTIONS ON TRANSFER SET FORTH IN A SHAREHOLDERS AGREEMENT, AS AMENDED, A COPY OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST TO THE COMPANY.” 

(b) Each party agrees that the Company may instruct its transfer agent to impose transfer restrictions on the shares
represented by certificates bearing the legend referred to in Section 5.5(a) above to enforce the provisions of this Agreement and the Company agrees to promptly do so. The legend shall be removed upon termination of the provisions of this
Section 5. 
 5.6 Equity Securities. For purposes of this Section 5, with respect to a given Co-Sale Participant, the term
“Equity Securities” shall mean any Ordinary Shares or Ordinary Share Equivalents or other securities of the Company now owned or subsequently acquired by the Co-Sale Participant. 

5.7 Grant of Proxy. Upon the failure of any of the Ordinary Holders to vote their shares, as applicable, to implement the provisions of
and to achieve the purposes of this Agreement, each of the Ordinary Holders hereby grants to a person designated by the Company a proxy coupled with an interest in all Ordinary Shares owned by the Ordinary Holders, which proxy shall be irrevocable
until this Agreement terminates pursuant to its terms or this Section 5.7 is amended to remove such grant of proxy in accordance with Section 7.2 hereof, to vote all such shares to implement the provisions of and to achieve the purposes of
this Agreement. 
 5.8 Avoidance of Restrictions. The parties to this Agreement agree that the transfer restrictions in this
Agreement and the Restated Articles shall not be capable of being avoided by the holding of securities indirectly through a company, individual or other entity that can itself be sold in order to dispose of an indirect interest in shares free of
such restrictions. 

  
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 5.9 Permitted Transfers. The right of first refusal of the Purchasing Holders and the
co-sale rights of the Co-Sale Participant hereunder shall not apply to (a) any sale or transfer of any Equity Securities to the Company pursuant to any repurchase right held by the Company in the event of a termination of employment or
consulting relationship with the Company; (b) if a Transferor is an entity, any sale or transfer of any Equity Securities to any Affiliate of such Transferor established for bona fide estate planning purposes; or (c) if a Transferor is a
natural person (including the beneficial owners), any gratuitous transfer of the Equity Securities by such Transferor (including on death by will or intestacy) to an Immediate Family Member (as defined below) of such Transferor, or to a custodian,
trustee, executor, or other fiduciary for the account of such Transferor’s Immediate Family Member (as defined below), or to a trust for such Transferor’s own self, in each case for bona fide estate planning purposes (each such transfer, a
“Permitted Transfer” and each foregoing transferee, a “Permitted Transferee”); provided that adequate documentation therefor shall be provided to the Company and each Purchasing Holder and that any Permitted
Transferee (other than the Company) shall agree in writing to be bound by this Agreement (and each other relevant Transaction Agreements) in place of the relevant Transferor and shall execute a deed of accession in form and substance approved by the
Board and become a party to, and to be bound by, this Agreement (and each other relevant Transaction Documents). For this Section 5.9, the term “Immediate Family Member” means a child, grandchild, parent, grandparent, spouse,
sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, of a person referred to herein. 
  

	6.	DRAG-ALONG RIGHTS 

 6.1 Drag-Along Sale. 

(a) If, at any time prior to an Qualified IPO and starting from the third
(3rd) anniversary of the Series D Closing Date, holder(s) of at least a majority of the outstanding Series D Preferred Shares voting as a class and holder(s) of at least a majority of the
Preferred Shares (other than the Series D Preferred Shares) voting as a class approve (i) a merger, consolidation or other business combination of the Group Companies with or into any other business entity in which the shareholders of the Group
Companies immediately after such merger, consolidation or business combination hold shares representing less than a majority of the voting power of the outstanding share capital of the surviving business entity, or (ii) the sale, lease,
transfer or other disposition of all or substantially all of any Group Company’s assets, to a third party not affiliated with the Holders (a “Drag-Along Sale”), then the Ordinary Holders and the Investors and their respective
assignees shall agree to, and shall vote in favor of, such Drag-Along Sale and shall transfer their shares or ownership interest in the Group Company or Group Companies involved in such Drag-Along Sale as required to effect the Drag-Along Sale. The
Ordinary Holders shall also procure all other shareholders of the relevant Group Companies to vote in favor of such Drag-Along Sale and to transfer their shares or ownership interest in the Group Company or Group Companies involved in such
Drag-Along Sale as required to effect the Drag-Along Sale. 

  
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 (b) Any such sale or disposition by the Ordinary Holders shall be on the same
terms and conditions, including, without limitation, as to the form of consideration, as those applicable to the proposed Draft-Along Sale by the Holders; provided, however, that the distribution of the proceeds of the Drag-Along Sale
shall be made among the selling shareholders of the Company in accordance with Article 7.2 of the Restated Articles (with such Drag-Along Sale being treated as a Deemed Liquidation Event (as defined in the Restated Articles) under Article 7.2
thereof). The Ordinary Holders shall be required to make customary representations and warranties in connection with the Drag-Along Sale, including, without limitation, as to their ownership and authority to sell, free of all liens, claims and
encumbrances of any kind, the shares proposed to be transferred or sold by such persons or entities and shall, without limitation as to time, indemnify and hold harmless to the full extent permitted by law, the Holders and the third party purchasers
against all obligations, cost, damages, expenses, losses, judgments, assessments, or other liabilities including, without limitation, any special, indirect, consequential or punitive damages, any court costs, costs of preparation, attorney’s
fees or expenses, or any accountant’s or expert witness’ fees arising out of, in connection with or related to any breach or alleged breach of any representation or warranty made by, or agreements, understandings or covenants of the
Ordinary Holders as the case may be, under the terms of the agreements relating to such Drag-Along Sale. 
 6.2 Drag-Along Notice.
Prior to making any Drag-Along Sale in which the Holders wish to exercise their rights under this Section 6, the Holders shall provide the Company, other Holders and the Ordinary Holders with a written notice (the “Drag-Along
Notice”). The Drag-Along Notice shall set forth: (i) the name and address of the third party purchasers; (ii) the proposed amount and form of consideration to be paid per share, and the terms and conditions of payment offered by
each of the third party purchasers; (iii) the estimated date of the closing of the Drag-Along Sale; (iv) the number of shares held of record by the Holders on the date of the Drag-Along Notice; (v) the number of shares to be
transferred, sold or otherwise disposed of by the Holders; and (vi) the number of shares of the Ordinary Holders to be included in the Drag-Along Sale. 

6.3 Closing Delivery. Upon or prior to the date of the closing of the Drag-Along Sale, the Ordinary Holders shall each deliver or cause
to be delivered a certificate or certificates evidencing its shares to be included in the Drag-Along Sale, duly endorsed for transfer with signatures guaranteed, to such third party purchasers in the manner and at the address indicated in the
Drag-Along Notice. 
 6.4 Failure to Deliver Share Certificate. If the Ordinary Holders receive the purchase price for their shares
or such purchase price is made available to them as part of a Drag-Along Sale and, in either case they fail to deliver certificates evidencing their shares as described in this Section 6, they shall for all purposes be deemed no longer to be a
shareholder of the Company (with the record books of the Company updated to reflect such status), shall have no voting rights, shall not be entitled to any dividends or other distributions with respect to any shares held by them, shall have no other
rights or privileges as a shareholder of the Company and, in the event of liquidation of the Company, their rights with respect to any consideration they would have received if they had complied with this Section 6, if any, shall be subordinate
to the rights of any equity holder. In addition, upon demand by the Holders, and in addition to any other rights or remedies of the Holders granted herein or otherwise, the Company shall stop any subsequent transfer of any such shares held by the
Ordinary Holders. 

  
 30 

 6.5 Grant of Proxy. Upon the failure of any of the Ordinary Holders to vote their shares,
as applicable, to implement the provisions of and to achieve the purposes of this Section 6, such Ordinary Holder hereby grants to a person designated by the Company a proxy coupled with an interest in all shares owned by such Ordinary Holder,
which proxy shall be irrevocable until this Agreement terminates pursuant to its terms or this Section 6 is amended to remove such grant of proxy in accordance with Section 7.2 hereof, to vote all such shares to implement the provisions of
and to achieve the purposes of this Section 6. 
  

	7.	ASSIGNMENT AND AMENDMENT. 

 7.1 Assignment. Notwithstanding anything herein to the
contrary: 
 (a) Information Rights and Registration Rights. The Information and Inspection Rights under
Section 2 may be assigned to any acquirer of more than five percent (5%) of the Company’s issued and outstanding share capital, calculated on a fully-diluted and as-converted basis; and the registration rights of the Holders under
Section 3 may be assigned to any Holder or to any Person acquiring Registrable Securities in a transfer; provided, however, that in either case no party may be assigned any of the foregoing rights unless the Company is given
written notice by the assigning party stating the name and address of the assignee and identifying the securities of the Company as to which the rights in question are being assigned; and provided further, that any such assignee shall
receive such assigned rights subject to all the terms and conditions of this Agreement, including without limitation the provisions of this Section 7. 

(b) Participation; First Refusal. The rights of the Holders under Sections 4 and 5 are fully assignable in connection
with a transfer of shares of the Company by such Holder; provided, however, that no party may be assigned any of the foregoing rights unless the Company is given written notice by the Holders at the time of such assignment, stating the
name and address of the assignee and identifying the securities of the Company as to which the rights in question are being assigned; and provided further, that any such assignee shall receive such assigned rights subject to all the
terms and conditions of this Agreement. 
 (c) Deed of Adherence. For any Transfer of Equity Securities to be deemed
effective, the transferee shall assume the obligations of the transferor under this Agreement by executing and delivering to the Company a Deed of Adherence substantially in the form attached hereto as Schedule B. Upon the execution and
delivery of a Deed of Adherence by any transferee, such transferee shall be deemed to be an Ordinary Holder hereunder, as appropriate. 

7.2 Amendment of Rights. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived
(either generally or in a particular instance and either retroactively or prospectively), only with the written consent of each of (i) the Company, (ii) the Investors holding more than seventy-five percent (75%) of the Series A
Preferred Shares, (iii) the Investors holding more than seventy-five percent (75%) of the Series B Preferred Shares, (iv) the Investors holding more than seventy-five percent (75%) of the Series C Preferred Shares, (v) the
Investors holding more than seventy-five percent (75%) of the Series D Preferred Shares, calculated on a fully-diluted and as-converted basis, and (vi) the holders of a majority of the Ordinary Shares then outstanding. Any amendment or
waiver effected in accordance with this paragraph shall be binding upon the parties and their respective successors and assigns. 

  
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	8.	CONFIDENTIALITY AND NON-DISCLOSURE. 

 8.1 Disclosure of Terms. The terms and
conditions of this Agreement, other Transaction Agreements, and all exhibits and schedules attached hereto and thereto (collectively, the “Financing Terms”), including their existence, shall be considered confidential information
and shall not be disclosed by any party hereto to any third party except in accordance with the provisions set forth below. No announcement regarding the Financing Terms or the Investor’s investment in the Group Companies in a press release,
conference, advertisement, announcement, professional or trade publication, marketing materials or otherwise to the general public may be made without the prior written consent of the Investors. 

8.2 Permitted Disclosures. Notwithstanding the foregoing, (a) any party may disclose any of the Financing Terms to its current or
bona fide prospective investors, employees, investment bankers, lenders, partners, accountants and attorneys, in each case only where such persons or entities are under appropriate nondisclosure obligations; (b) the Investors may disclose their
investment in the Group Companies and the Financing Terms of their investment to third parties or to the public at its sole discretion and, if they do so, the Group Companies, the Founders and the BVI Companies shall have the right to disclose to
third parties any such information disclosed in a press release or other public announcement by such Investors; and (c) The Investors shall be entitled to disclose to any bona fide proposed transferee of shares any information, documents or
materials known to or in the possession of the Investors, and the Group Companies shall provide any assistance or cooperation reasonably requested by the Investors or any proposed transferee in connection with such proposed transferee’s due
diligence investigation of the Group Companies. The Series A Preferred Director, the Series B Preferred Director, the Series C Preferred Director and the Series D Preferred Director shall be entitled to disclose the Financing Terms and other
information related to the Group Companies for the purposes of fund reporting or inter-fund reporting or to the Investors’ fund manager, other funds managed by the Investors’ fund manager and their respective auditors, counsel, directors,
officers, employees, lenders, shareholders or investors. 
 8.3 Legally Compelled Disclosure. In the event that any party is
requested or becomes legally compelled (including without limitation, pursuant to securities laws and regulations) to disclose the existence of this Agreement or any of the Financing Terms in contravention of the provisions of this Section 8,
such party (the “Disclosing party”) shall provide the other parties with prompt written notice of that fact so that the appropriate party may seek (with the cooperation and reasonable efforts of the other parties) a protective
order, confidential treatment or other appropriate remedy. In such event, the Disclosing party shall furnish only that portion of the information which is legally required and shall exercise its best efforts (and cooperate with the other
parties’ efforts) to obtain confidential treatment of materials so disclosed. 
 8.4 Notices. All notices required under this
section shall be made pursuant to Section 11.1 of this Agreement. 

  
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	9.	PROTECTIVE PROVISIONS. 

 9.1 Matters Requiring Special Consent of the Investors.
In addition to such other limitations as may be provided in the Restated Articles, so long as any Preferred Shares remains outstanding, without the prior written approval of the holder(s) of more than fifty percent (50%) of the then outstanding
Preferred Shares, voting together as a single class, the Company and where applicable its Subsidiaries (including without limitation, HK Co. and the PRC Subsidiaries) or any Person Controlled by the Company or any of its Subsidiaries shall not,
whether in a single transaction or a series of related transactions: 
 (i) amend any of the organizational documents of the
Company and any other Group Company; 
 (ii) create, authorize, recapitalize or issue (by reclassification or otherwise) any
equity security or debentures of any Group Company, including any other security convertible into or exchangeable for any equity security, including any additional Preferred Shares and Ordinary Shares (other than the shares issued pursuant to the
Warrant (as defined in the Series D Purchase Agreement) and the option plan approved by the Board with the consent of the Series A Preferred Director, the Series B Preferred Director, the Series C Preferred Director and the Series D Preferred
Director except for the Conversion Shares; 
 (iii) alter, reorganize or otherwise recapitalize the equity of any Group
Company, including, without limitation, any increase, reduction or cancellation of the equity of any Group Company or any consolidation, subdivision or conversion of, or any alteration of the rights in respect of, any equity of any Group Company;

 (iv) effect any sale, liquidation, winding up, or merger of any Group Company, or transfer of all or substantially all of
its assets, or any other transaction in which Control of any Group Company is transferred; 
 (v) repurchase or redeem any
capital stock of any Group Company, other than repurchase from a Founder or an employee upon termination of employment at the Founder’s or the employee’s original purchase price or pursuant to contractual rights of first refusal, or
pursuant to the Redemption Rights as set forth in the Restated Articles; 
 (vi) change the size of the Board; 

  
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 (vii) declare or pay any dividend or other distribution on any shares of any
Group Company; 
 (viii) (viii) approve or amend any stock option plan or other employee incentive plan or increase the
number of shares reserved for issuance to employees, directors or contractors; 
 (ix) change the principal business of the
Group Companies, acquire or enter a new line of business or exit the current line of business (representing investment or expenditure of more than US$1,000,000 in a single or a series of related transactions); 

(x) appoint or remove the auditors of any Group Company or make any material change in the accounting or financial policies of
the Group Companies; 
 (xi) appoint or remove directors of Group Companies (other than the Company); and 

(xii) approve the annual budget and business plans and any material deviations therefrom. 

Notwithstanding anything to the contrary contained herein, where any act listed in clauses (i) through (xii) requires the approval
of the shareholders of the Company in accordance with the applicable laws including through the passing of a special resolution of the Company, and required approval from holders of the Preferred Shares or Conversion Shares under this
Section 9.1 has not yet been obtained and a general meeting is convened, each holder of a Preferred Share or a Conversion Share who votes against the resolution shall be deemed to have one hundred times the number of votes per share as those
holders who vote in favor of such resolution. 
 9.2 Matters Requiring Consent of Preferred Directors. Notwithstanding the foregoing,
without the affirmative vote of all members of the Board which includes the approval of the Preferred Directors, none of the Company and other Group Companies shall, and the other parties shall each take all steps necessary to ensure that none of
the Company and other Group Companies shall, whether in a single transaction or a series of related transactions: 
 (i)
raise debt (including leasing) or create encumbrance and guarantee by the Group Companies, individually or in the aggregate, in excess of US$500,000 for one fiscal year; 

(ii) acquire a business or enter into a joint venture, individually or in the aggregate, in excess of US$100,000 for one
fiscal year; 
 (iii) incur any items of expenditure outside the duly approved annual budget in excess of US$150,000 per
month, individually or in the aggregate; 

  
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 (iv) provide any increase in compensation of any employee of any Group Company
with monthly salary of at least RMB40,000 by more than fifteen percent (15%) in a twelve (12) month period; 
 (v)
appoint or remove any of the following the positions of any Group Company: chairman, chief executive officer, chief financial officer, chief technology officer, president, managing director, financial controller, any other vice president level or
above position, controller, or human resource director; 
 (vi) enter into any transaction with any connected party or
Affiliate of any Group Company, or amend any existing agreement with such person; 
 (vii) dispose of any assets of more
than US$500,000 of any Group Company in a single or a series of related transactions; 
 (viii) issue any Ordinary Shares or
securities that can be converted or exchanged into Ordinary Shares or other rights to acquire Ordinary Shares, directly or indirectly to any employee, either through equity compensation plans or otherwise; and 

(ix) determine the mechanism with regard to the key performance indicators of the Earn-Out ESOP and whether Chen Haozhi and
Liu Guanqun have met the requirement of such key performance indicators. 
 9.3 Boards’ Approval. The Company will provide for
the Board’s approval the draft annual business plans, the draft annual budgets and the draft projected financial statements of the Company at least thirty (30) days before the relevant year end. 

9.4 Governance of Subsidiaries. All directors of each PRC Subsidiary, HK Co. and any direct or indirect Subsidiary of the Company shall
be appointed and removed only by the Company pursuant to action of the Board (including the approval of the Series A Preferred Director, the Series B Preferred Director, Series C Preferred Director and the Series D Preferred Director). All
corporate actions of each PRC Subsidiary, HK Co. and any direct or indirect subsidiary of the Company shall be made only pursuant to the Board’s actions (including the approval of the Series A Preferred Director, the Series B Preferred
Director, Series C Preferred Director and the Series D Preferred Director). 
 9.5 Optional Redemption. Subject to Article 7.5 of the
Restated Articles, in the event of either, (i) material breach of this Agreement, the Series A Purchase Agreement, the Series B Purchase Agreement, the Series C Purchase Agreement, the Series D Purchase Agreement or any other Transaction
Agreements (as defined in the Series D Purchase Agreement) by the Company, any Group Company, any Founder or any BVI Companies (other than Section 5.26 of the Series D Purchase Agreement) which cannot be cured within sixty (60) days after
receipt of the Redemption Notice (as defined in the Restated Articles), or (ii) under any circumstances, at any time after the third (3rd) anniversary of the Series D Closing Date and if
no Qualified IPO has been consummated then, upon written request to the Company made by the holders of the two-thirds (2/3) of then outstanding Series A Preferred Shares, the holders of the two-thirds (2/3) of then outstanding Series B
Preferred Shares, the holders of the two-thirds (2/3) of then outstanding Series C Preferred Shares and the holders of the two-thirds (2/3) of then outstanding Series D Preferred Shares, such holder(s) may request that the Company redeem
and the Company shall redeem all or a portion of the then outstanding Preferred Shares held by the Investors pursuant to Article 7.5 of the Restated Articles. In this case, the Ordinary Holders shall take all necessary actions to cause the Company
to take any corporate action to redeem the Preferred Shares in accordance with the request of the Investors, including but not limited to, voting at any general or special meeting of the Company and causing its appointed Director(s) to vote at any
meeting of the Board in favor of the redemption of the Preferred Shares. 

  
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	10.	ADDITIONAL COVENANTS 

 10.1 Board Meetings. The Board shall have a secretary to
handle all shareholders and board meetings. The secretary shall be responsible for delivering the minutes of all board meetings to all members of the Board and all shareholders within five (5) working days after the relevant meeting. The
Company will promptly reimburse each member of and the observer to the Board who participate in or attend the Board and/or committee meetings for all reasonable, documented expenses incurred in connection with such participation or attendance,
including without limitation round-trip travel and lodging and/or long-distance telephone charges. 
 10.2 Insurance. The Company
shall, at the discretion of the Board, procure and maintain in effect, policies of workers’ compensation insurance, director insurance and of insurance with respect to its properties and business of the kinds and in the amounts not less than
that are customarily obtained by companies of similar size, in a similar line of business, engaged in international operations, and with operations in the PRC. 

10.3 Agreements with Employees. Unless otherwise determined by the Board, the Company shall require all employees now or hereafter
employed by the Company and all senior management employees (including the officers at or above the department manager level) now or hereafter employed by any other Group Companies to enter into a confidential information and inventions agreement
and a non-competition and non-solicitation agreement requiring such persons to protect and keep confidential each Group Company’s confidential information, intellectual property and trade secrets, prohibiting such persons from competing with
the Group Companies during their tenure with any Group Company, prohibiting such persons from soliciting the employees and consultants of the Group Companies for a reasonable time after their tenure with any Group Company, and requiring such persons
to assign all ownership rights in their work product to the Group Companies to the maximum extent permitted by applicable law. 
 10.4
Accounting and Controls; Financial Personnel. 
 (a) The Company will maintain the books and records of the Company,
and will prepare its unaudited and audited financial statements, in accordance with the Accounting Principles and in accordance with sound business practices. The Company shall, and shall cause any other Group Companies to, maintain an adequate
system of procedures and controls with respect to finance, management, and accounting that is in accordance with sound business practices and is satisfactory to the Investor. 

  
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 (b) Promptly, but in no event more than fifteen (15) days after the date
hereof, the Company shall cause the formation of a finance committee under the Board. The finance committee shall comprise of five (5) members and shall be vested with oversight functions for financial and accounting matters of the Company,
including without limitation the preparation of all budgets, preparation of internal auditing systems, internal auditing, preparation and approval of employee compensations, administration of the employee share option plan. Two (2) members of
the finance committee shall be the Ordinary Directors. For so long as any Series A Preferred Shares, any Series B Preferred Shares and any Series D Preferred Shares (or the corresponding Conversion Shares, if applicable) remains outstanding, the
other three (3) members shall be the Series A Preferred Director, the Series B Preferred Director and the Series D Preferred Director. The Series B Preferred Director shall be the chairperson of the finance committee. The finance committee
shall hold no less than one (1) meeting during each calendar quarter. 
 10.5 Employee Share Option Plan. Unless the Board so
authorizes (including the approval of the Series A Preferred Director, the Series B Preferred Director, the Series C Preferred Director and the Series D Preferred Director), the Company shall not issue any Ordinary Shares directly or indirectly to
its employees, either through equity compensation plans or otherwise, unless such Ordinary Shares are subject to a vesting schedule, such that 25% of the Ordinary Shares so issued would vest on the one (1)-year anniversary of the date of issuance,
with the balance vesting in thirty-six (36) equal monthly installments thereafter, thereby totaling a four-year vesting schedule, and with no acceleration of such vesting schedule. Any issuance of Ordinary Shares to the Company’s employees
not in accordance with this Section 10.5 shall be deemed to a dilutive event which requires the adjustment to the conversion price under the Restated Articles and shall be subject to the Investor’s right of first refusal under this
Agreement, unless such issuance has been approved by the Board (including the approval of the Series A Preferred Director, the Series B Preferred Director, the Series C Preferred Director and the Series D Preferred Director). 

10.6 Election of Directors. 

(a) Designation and Election of Series A Preferred Directors. The Series A Investor shall be entitled to designate one
(1) director (the “Series A Preferred Director”). For so long as any Series A Preferred Shares remain outstanding (or the Conversion Shares upon conversion of the Series A Preferred Shares), at each election of any Series A
Preferred Director, each holder of Ordinary Shares and Preferred Shares shall vote at any regular or special meeting of members, such number of Ordinary Shares and Preferred Shares as may be necessary, or in lieu of any such meeting, shall give such
holder’s written consent with respect to such number of Ordinary Shares and Preferred Shares (i) as may be necessary to elect as Series A Preferred Director one (1) individual designated by the holders of a majority of the then
outstanding Series A Preferred Shares and (ii) against any other Series A Preferred Director nominees that were not so designated. 

  
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 (b) Designation and Election of Series B Preferred Directors. The Series B Lead
Investor shall be entitled to designate one (1) director (the “Series B Preferred Director”). For so long as any Series B Preferred Shares remain outstanding (or the Conversion Shares upon conversion of the Series B Preferred
Shares), at each election of any Series B Preferred Director, each holder of Ordinary Shares and Preferred Shares shall vote at any regular or special meeting of members, such number of Ordinary Shares and Preferred Shares as may be necessary, or in
lieu of any such meeting, shall give such holder’s written consent with respect to such number of Ordinary Shares and Preferred Shares (i) as may be necessary to elect as Series B Preferred Director one (1) individual designated by
Series B Lead Investor and (ii) against any other Series B Preferred Director nominees that were not so designated. 

(c) Designation and Election of Series C Preferred Directors. The Series C Lead Investor shall be entitled to designate one
(1) director (the “Series C Preferred Director”). For so long as any Series C Preferred Shares remain outstanding (or the Conversion Shares upon conversion of the Series C Preferred Shares), at each election of any Series C
Preferred Director, each holder of Ordinary Shares and Preferred Shares shall vote at any regular or special meeting of members, such number of Ordinary Shares and Preferred Shares as may be necessary, or in lieu of any such meeting, shall give such
holder’s written consent with respect to such number of Ordinary Shares and Preferred Shares (i) as may be necessary to elect as Series C Preferred Director one (1) individual designated by Series C Lead Investor and (ii) against
any other Series C Preferred Director nominees that were not so designated. 
 (d) Designation and Election of Series D
Preferred Directors. The Series D Lead Investor shall be entitled to designate one (1) director (the “Series D Preferred Director”, together with the Series A Preferred Director, the Series B Preferred Director and the Series C
Preferred Director, the “Preferred Directors”). For so long as any Series D Preferred Shares remain outstanding (or the Conversion Shares upon conversion of the Series D Preferred Shares), at each election of any Series D Preferred
Director, each holder of Ordinary Shares and Preferred Shares shall vote at any regular or special meeting of members, such number of Ordinary Shares and Preferred Shares as may be necessary, or in lieu of any such meeting, shall give such
holder’s written consent with respect to such number of Ordinary Shares and Preferred Shares (i) as may be necessary to elect as Series D Preferred Director one (1) individual designated by Series D Lead Investor and (ii) against
any other Series D Preferred Director nominees that were not so designated. 
 (e) Designation and Election of Ordinary
Directors. The holders of a majority of the then outstanding Ordinary Shares, voting together as a separate class, shall be entitled to designate four (4) directors (the “Ordinary Directors”). At each election of Ordinary
Director, each holder of Ordinary Shares and Preferred Shares shall vote at any regular or special meeting of members such number of Ordinary Shares and Preferred Shares as may be necessary, or in lieu of any such meeting, shall give such
holder’s written consent, as the case may be, with respect to such number of Ordinary Shares and Preferred Shares (i) as may be necessary to elect as Ordinary Directors four (4) individuals designated by the holders of a majority of
the then outstanding Ordinary Shares and (ii) against any other Ordinary Director nominee not so designated. One of the Ordinary Directors shall be the Chief Executive Officer then holding office, who shall have a second or casting vote in case
of an equality of votes. Without limiting the generality of the foregoing, so long as Chen Haozhi is an Ordinary Director, and there are only two (2) Ordinary Directors appointed to the board of Directors, Chen Haozhi shall have three votes in
respect of any resolution proposed at a board meeting and each other director shall have one vote. When three (3) Ordinary Directors are appointed to the board of Directors, Chen Haozhi shall have two votes in respect of any resolution proposed
at a board meeting and each other director shall have one vote. When four (4) Ordinary Directors are appointed to the board of Directors, each director shall have one vote in respect of any resolution proposed at a board meeting. 

  
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 (f) Grant of Proxy. Upon the failure of any shareholder to vote its shares in
accordance with this Agreement, such shareholder hereby grants to a Person designated by the Company a proxy coupled with an interest in all shares owned by such shareholder, which proxy shall be irrevocable until this Agreement terminates pursuant
to its terms or this Section 10.6 is amended to remove such grant of proxy in accordance with Section 7.2 hereof, to vote all such shares in the manner provided in this Agreement. 

(g) Board Observer. For so long as Sequoia holds any Series B Preferred Share, it shall have the right to designate one
(1) representative to attend all meetings of the Boards of Directors and all committees thereof as a non-voting observer. Such observer shall be entitled to receive, at the same time and in the same manner as the board or committee members,
copies of all notices and materials provided to the board or committee members. 
 (h) Quorum. At all meetings of the Board
of Directors five (5) or more Directors (or their respective alternates), including at least one (1) Series A Preferred Director, one (1) Series B Preferred Director, one (1) Series C Preferred Director, one (1) Series D
Preferred Director, and one (1) Ordinary Director, elected in accordance with the Restated Articles shall be necessary and sufficient to constitute a quorum, and the vote of all Directors present (in person or in alternate) at any meeting at
which there is a quorum, shall be the act of the Board of Directors, except as may be otherwise specifically provided by the applicable law and the Restated Articles of the Company, including but not limited to Article 7.4(b) of the Restated
Articles. If a quorum shall not be present at any meeting of the Board of Directors, the Directors present thereat may adjourn the meeting, until a quorum shall be present. Notwithstanding the foregoing, if at any time a duly convened meeting of
Board of Directors fails to get a quorum due to the absence of any Director for two (2) consecutive times, the third duly convened meeting of Board of Directors could get a quorum, even without the presence of the majority of the number of
Directors. 
 (i) Directors of the HK Co. and the PRC Subsidiaries. The composition of the boards of directors and the quorum
and voting mechanism of the HK Co. and the PRC Subsidiaries, direct or otherwise, shall be identical to the Board of Directors. 

  
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 (j) Committees of the Board. The Board shall establish (i) a compensation
committee (the “Compensation Committee”) to manage the compensation affairs of the Company, including implementing salary and equity guidelines for the Company, approving compensation packages, severance agreements and employment
agreements for all senior managers as well as administering the Company’s employee equity incentive plans; and (ii) an audit committee (the “Audit Committee”) to select the Company’s auditor and to approve the scope
of the Company’s annual audit. Both the Compensation Committee and the Audit Committee shall consist of at least five (5) members, including two Ordinary Directors, the Series A Preferred Director, the Series B Preferred Director and the
Series D Preferred Director. All acts of the Compensation Committee and the Audit Committee shall require the approval of a majority of members of the committees, which shall include the Series A Preferred Director, the Series B Preferred Director
and the Series D Preferred Director. 
 (k) Waiver. Each Group Company acknowledges that the Investors will likely have, from
time to time, information that may be of interest to the Company or its Subsidiaries (“Information”) regarding a wide variety of matters including (i) the Investor’s technologies, plans and services, and plans and
strategies relating thereto, (ii) current and future investments the Investors have made, may make, may consider or may become aware of with respect to other companies and other technologies, products and services, including technologies,
products and services that may be competitive with those of the Company or any of its Subsidiaries, and (iii) developments with respect to the technologies, products and services, and plans and strategies relating thereto, of other companies,
including companies that may be competitive with the Company or any of its Subsidiaries. Each Group Company recognizes that a portion of such Information may be of interest to the Company or any of its Subsidiaries. Such Information may or may not
be known by the Preferred Directors or the observer(s). The Company, as a material part of the consideration for this Agreement, agrees that neither of the Preferred Directors and the observer shall have any duty to (i) disclose any Information
to the Company or any of its Subsidiaries, or (ii) permit the Company or any of its Subsidiaries to participate in any projects or investments based on any Information, or otherwise to take advantage of any opportunity that may be of interest
to the Company or any of its Subsidiaries if it were aware of such Information; and hereby waives, to the extent permitted by law, any claim based on the corporate opportunity doctrine or otherwise that could limit any Investors’ ability to
pursue opportunities based on such Information or that would require the Investors, any representative, any Preferred Director, or observer to disclose any such Information to the Company or any of its Subsidiaries or offer any opportunity relating
thereto to the Company or any of its Subsidiaries. 
 10.7 Qualified IPO. The Founders, the Ordinary Holders and the Group Companies
shall use their best efforts to achieve a Qualified IPO as soon as practical, and shall take all steps, to the extent permitted by law, to minimize the lock-up period of the Series A Preferred Shares, the Series B Preferred Shares, the Series C
Preferred Shares and the Series D Preferred Shares (or the corresponding Conversion Shares) in the event of a Qualified IPO. 
 10.8
Investor Favorable Terms. In the event that the Company or any Group Company pursues a future financing on terms more favorable to the prospective Investors than those set forth hereunder or under other Transaction Agreements (the
“Investor Favorable Terms”), the Founders, the Ordinary Holders and the Company shall, upon written request by any of the Investors, (and cause the prospective Investors to) enter into all necessary documents to make such Investor
Favorable Terms applicable to the respective Preferred Shares held by the Investors who have made such written request. 

  
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 10.9 U.S. Tax Matters. 

(a) The Company shall comply and shall cause its Subsidiaries to comply with all record-keeping, reporting, and other requests
necessary for the Company and its Subsidiaries to comply with any applicable U.S. tax law or to allow any direct or indirect shareholder to avail itself of any provision of U.S. tax law. The Company will also provide any direct or indirect
shareholder with any information requested by such direct or indirect shareholder to allow such shareholder to comply with U.S. tax law or to avail itself of any provision of U.S. tax law. 

(b) The Company acknowledges that certain Investors may be, or may be comprised of Investors that are, U.S. persons and that
the U.S. income tax consequences to those persons of the investment in the Company will be significantly affected by whether the Company and/or any of the entities in which it owns an equity interest at any time is (i) a “passive foreign
investment company” (a “PFIC”) (within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986, as amended) or (ii) classified as a partnership or a branch for U.S. federal income tax purposes. The
Company will use, and will cause each of its Subsidiary to use, commercially reasonable efforts to avoid classification as a PFIC. 

(c) The Company shall determine annually, with respect to its taxable year whether the Company and each of the entities in
which the Company owns or proposes to acquire an equity interest (directly or indirectly) is or may become a PFIC (including whether any exception to PFIC status may apply) or is or may be classified as a partnership or branch for U.S. federal
income tax purposes. If it is determined that a Group Company was a PFIC in such taxable year (or if a government authority or the Investors inform the Company that it has so determined), the Company shall, within forty (45) days from the end
of such taxable year, inform the Investors of such determination and provide such information as any direct or indirect shareholder may request to permit such direct or indirect shareholder to elect to treat the Company and/or any such entity as a
“qualified electing fund” (within the meaning of Section 1295 of the U.S. Internal Revenue Code of 1986, as amended) for U.S. federal income tax purposes. The Company shall also obtain and provide reasonably promptly upon request any
and all other information deemed necessary by the direct or indirect shareholders to comply with the provisions of this Agreement, including English translations of any information requested. 

(d) The Company shall if requested by the Investors or any other direct or indirect U.S. shareholders, cooperate in determining
whether it would be desirable, reasonable and appropriate for the Company and/or any such entity to elect to be classified as a partnership or branch for U.S. federal income tax purposes and, if so, to take all reasonable steps to cause any such
elections to be made. 
 (e) The Company shall provide to the direct or indirect U.S. shareholder within 45 days following
the end of the Company’s taxable year a complete and accurate “PFIC Annual Information Statement”, in the form of Schedule C attached to this Agreement, as applicable, for the Company and for each entity in which the Company
owns an equity interest at any time during such year. 

  
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 (f) None of the Group Companies will not take any action inconsistent with its
treatment as a corporation for U.S. federal income tax purposes and will not elect to be treated as other than a corporation for U.S. federal income tax purposes. The Company shall, and shall procure each of its Subsidiaries to, make such filings,
elections and disclosures as each Investor may reasonably required for the purpose of enabling the Investor to fulfill its legal compliance and tax reporting obligations. Such filings, elections and disclosure may include, without limitation, a
“check-the-box” election with the U.S. Internal Revenue Service (the “IRS”) and the provision of a Schedule K-1 and an Annual Intermediary Statement on forms prescribed by the IRS from time to time. 

(g) Each shareholder of the Company (except for the Investors) represents (i) that it is not a “United States
person” (“United States Person”) as defined in section 7701(a)(30) of the Code, and (ii) that it is not owned, wholly or in part, directly or indirectly, by any United States Person. Each shareholder of the Company (other
than the Investors) shall provide prompt written notice to the Company, and the Company shall in turn provide prompt written notice to the Investors, of any subsequent change in United States Person status in their shareholders. The Company
represents that, other than the Investors, it does not have any direct or indirect shareholders that are United States Persons. Within forty-five (45) days from the end of each taxable year, the Company shall determine whether it is a
controlled foreign corporation (“CFC”), as defined in section 957 of the Code. Each Group Company shall provide to the Investors upon request (i) any information in its possession concerning its shareholders and, to the Group
Company’s actual knowledge, the direct and indirect interest holders in each shareholder, sufficient for the Investors to determine whether or not such Group Company is a CFC; and (ii) in the event any Group Company is determined to be a
CFC, any information reasonably requested by the Investors in connection with complying with applicable reporting requirements for U.S. tax purposes. The Company shall use their best efforts to avoid generating for any taxable year in which any
Group Company is a CFC, income that would be includible in the income of such Investor pursuant to section 951 of the Code. 
 10.10
Amendment on Series A and Series B Indemnification. Each of the Series A Investors and the Series B Investors hereby agrees to amend the original indemnification section contemplated under the Series A Purchase Agreement and the Series B
Purchase Agreement respectively as following: 
 (a) Indemnification. From and after the Series A Closing Date or the Series
B Closing Date, as the case may be, the Group Companies, the BVI Companies and the Founders (collectively, the “Covenantors”) shall, jointly and severally, indemnify, defend and hold harmless the Investors and any of such
Investors’ Affiliates, and any of such Investors’ or its Affiliates’ officers, directors, employees, or agents (the “Indemnified Parties”), from and against any and all Losses (as defined below), subject to the
Indemnification Cap (as defined below), arising out of, relating to, connected with or incidental to: (i) any breach of any representation or warranty made by any of the Covenantors in the Transaction Agreements (as defined in the Series A
Purchase Agreement and the Series B Purchase Agreement, as the case may be), (ii) any failure by the Covenantors to comply with any covenant or agreement contained in the Transaction Agreements (as defined in the Series A Purchase Agreement and
the Series B Purchase Agreement, as the case may be), or in any other documents or agreements contemplated hereby or thereby, and (iii) untimely filing of tax returns, delay in tax payments, and underpaid or overdue tax payments by any Group
Company in respect of the individual income tax withholding obligations of any Group Company, provided, however, that such Investors shall firstly require the Covenantors other than the Founders to indemnify them according to this
Section. The agreements in this Section shall survive any termination of the Series A Purchase Agreement and the Series B Purchase Agreement, as the case may be. 

  
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 (b) Definition of Losses and Indemnification Cap. For the purpose of this
Section, “Losses” means all losses, liabilities, damages, deficiencies, diminution in value, suits, debts, obligations, interest, penalties, expenses, judgments or settlements of any nature or kind, including all costs and expenses
related thereto, including without limitation reasonable attorneys’ fees and disbursements, court costs, amounts paid in settlement and expenses of investigation, whether at law or in equity, whether known or unknown, foreseen or unforeseen, of
any kind or nature. For the purpose of this Section, “Indemnification Cap” shall mean the respective purchase price actually paid by the Investors for the subscription of the Series A Preferred Shares or the Series B Preferred
Shares at the Series A Closing Date or the Series B Closing Date, as the case may be. 
 (c) Founders’ Specific
Indemnification. The Founders shall jointly and severally indemnify the Group Companies from and against the Losses the Group Companies may suffer resulting from, arising out of, relating to or caused by the Founder’s personal
liability-related disputes, litigations or proceedings involving or having an adverse impact on any of the Group Companies. In fulfilling the aforesaid indemnification liabilities, any Founder shall have the discretion to choose either his
respective equity interest in the Group Companies or other non-stock assets owned by such Founder for the indemnification, provided that the fair market value of the equity interest in the Group Companies or the non-stock assets held by such Founder
shall be determined by an independent appraiser selected jointly by the Indemnified Parties and such indemnifying Founder. 
  

	11.	GENERAL PROVISIONS. 

 11.1 Notices. Any notice required or permitted pursuant to
this Agreement shall be given in writing in English and shall be given either personally or by sending it by express courier service, fax, electronic mail or similar means to the address as shown below the signature of such party on the signature
page of this Agreement (or at such other address as such party may designate by fifteen (15) days’ advance written notice to the other parties to this Agreement given in accordance with this Section). Where a notice is sent by express
courier service, service of the notice shall be deemed to be effected by properly addressing, pre-paying and sending by express service through an internationally-recognized courier a letter containing the notice, with a confirmation of delivery,
and to have been effected at the expiration of three (3) days after the letter containing the same is sent as aforesaid. Where a notice is sent by fax or electronic mail, service of the notice shall be deemed to be effected by properly
addressing, and sending such notice through a transmitting organization, with a written confirmation of delivery, and to have been effected on the day the same is sent as aforesaid. 

  
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 11.2 Entire Agreement. This Agreement, the Series D Purchase Agreement, and any other
Transaction Agreements, together with all the exhibits hereto and thereto, constitute and contain the entire agreement and understanding of the parties with respect to the subject matter hereof and supersedes any and all prior negotiations,
correspondence, agreements, understandings, duties or obligations between the parties respecting the subject matter hereof. 
 11.3
Governing Law. This Agreement shall be governed by and construed exclusively in accordance with the laws of Hong Kong. 
 11.4
Severability. If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the
transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force
and effect unless the severed provision is essential to the rights or benefits intended by the parties. In such event, the parties shall use best efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which
most nearly effects the parties’ intent in entering into this Agreement. 
 11.5 Third Parties. Nothing in this Agreement,
express or implied, is intended to confer upon any person, other than the parties hereto and their permitted successors and assigns any rights or remedies under or by reason of this Agreement. 

11.6 Successors and Assigns. Subject to the provisions of Section 7.1, the provisions of this Agreement shall inure to the benefit
of, and shall be binding upon, the successors and permitted assigns of the parties hereto. 
 11.7 Interpretation; Captions. This
Agreement shall be construed according to its fair language. The rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in interpreting this Agreement. The captions to sections of this
Agreement have been inserted for identification and reference purposes only and shall not be used to construe or interpret this Agreement. Unless otherwise expressly provided herein, all references to Sections and Schedules herein are to Sections
and Schedules of this Agreement. 
 11.8 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument. Facsimile and e-mailed copies of signatures shall be deemed to be originals for purposes of the effectiveness of this Agreement. 

11.9 Adjustments for Share Splits, Etc. Wherever in this Agreement there is a reference to a specific number of shares of Preferred
Shares or Ordinary Shares of the Company, then, upon the occurrence of any subdivision, combination or share dividend of the Preferred Shares or Ordinary Shares, the specific number of shares so referenced in this Agreement shall automatically be
proportionally adjusted to reflect the effect on the outstanding shares of such class or series of shares by such subdivision, combination or share dividend. 

  
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 11.10 Aggregation of Shares. All Preferred Shares or Ordinary Shares held or acquired by
Affiliated entities or persons (as defined in Rule 144 under the Securities Act) shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 

11.11 Shareholders Agreement to Control. If and to the extent that there are inconsistencies between the provisions of this Agreement
and those of the Restated Articles, the terms of this Agreement shall prevail as between the shareholders of the Company only and the shareholders agree to take all actions necessary or advisable, as promptly as practicable after the discovery of
such inconsistency, to amend the Restated Articles so as to eliminate such inconsistency. 
 11.12 Dispute Resolution. 

(a) Negotiation Between Parties; Mediations. The parties agree to negotiate in good faith to resolve any dispute between them
regarding this Agreement. If the negotiations do not resolve the dispute to the reasonable satisfaction of all parties within thirty (30) days, Section 11.12(b) shall apply. 

(b) Arbitration. In the event the parties are unable to settle a dispute between them regarding this Agreement in accordance
with subsection (a) above, such dispute shall be referred to and finally settled by arbitration at the Hong Kong International Arbitration Centre (the “Centre”) in accordance with the UNCITRAL Arbitration Rules in effect, which
rules are deemed to be incorporated by reference into this subsection (b). The arbitration tribunal shall consist of three arbitrators; one (1) of whom shall be appointed by the Investor, one (1) of whom shall be appointed by the Group
Companies, and the third arbitrator, who shall be the presiding arbitrator, shall be appointed by the Centre. The language of the arbitration shall be English. 

11.13 Expenses. If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing
party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other relief to which such party may be entitled. 

11.14 Further Assurances. The parties agree to execute such further instruments and to take such further action as may be reasonably
necessary to carry out the intent of this Agreement. The Group Companies agree to use their reasonable best efforts to ensure that the rights granted under this Agreement to the Holders are effective and that Holders enjoy the benefits thereof. The
Group Companies shall not, by any voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be performed by the Group Companies, but will at all times in good faith assist in the carrying out of all the provisions
of this Agreement and in the taking of all such actions as may be necessary or reasonably requested by a Holder in order to protect the rights of a Holder hereunder against impairment. 

  
 45 

 11.15 Rights Cumulative. Each and all of the various rights, powers and remedies of a
party hereto will be considered to be cumulative with and in addition to any other rights, powers and remedies which such party may have at law or in equity in the event of the breach of any of the terms of this Agreement. The exercise or partial
exercise of any right, power or remedy will neither constitute the exclusive election thereof nor the waiver of any other right, power or remedy available to such party. 

11.16 No Waiver. Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof will not be deemed a
waiver of such term, covenant, or condition, nor will any waiver or relinquishment of, or failure to insist upon strict compliance with, any right, power or remedy power hereunder at any one or more times be deemed a waiver or relinquishment of such
right, power or remedy at any other time or times. 
 11.17 No Presumption. The parties acknowledge that any applicable law that
would require interpretation of any claimed ambiguities in this Agreement against the party that drafted it has no application and is expressly waived. If any claim is made by a party relating to any conflict, omission or ambiguity in the provisions
of this Agreement, no presumption or burden of proof or persuasion will be implied because this Agreement was prepared by or at the request of any party or its counsel. 

11.18 Specific Performance. Each of the parties hereto recognizes and acknowledges that a breach by it of any covenants or agreements
contained in this Agreement will cause the other party to sustain damage for which it would not have an adequate remedy at law for money damages, and therefore each of the parties hereto agrees that in the event of any such breach the aggrieved
party shall be entitled to the remedy of specific performance of such covenants and agreements and injunctive and other equitable relief in addition to any other remedy to which it may be entitled, at law or in equity. 

— REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK — 

  
 46 

 IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized
representatives to execute this Agreement as a deed on the date and year first above written. 
 REMAINDER OF THIS PAGE LEFT
INTENTIONALLY BLANK 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Directouch Holdings Limited
				
	(Incorporated in the Cayman Islands)	 		 		 	
				
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed)

		 		 		 	
	Authorised Signatory	 		 		 	
	Name:	 	 CHEN Haozhi 

 Director
	 		 	 
	Title:	 	 		 	 

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Signed, sealed and delivered as a deed by
	Directouch Management Limited
				
	(Incorporated in Hong Kong)	 		 		 	
				
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed)

		 		 		 	
	Authorised Signatory	 		 	 
	 Name:
 Title:
	 	 CHEN Haozhi 

 Director
	 		 	 
	 	 		 	 

 Address: Address: Room 2001, I7/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Beijing Chukong Aipu Technology Co., Ltd.
	

				
	(Incorporated in the PRC)	 		 		 	
				
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed) 

		 		 		 		 	
	Authorised Signatory	 		 	 
	 Name:
 Title:
	 	 CHEN Haozhi 

 Legal Representative
	 		 	 
	 	 		 	 

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Beijing Chukong Technology Co., Ltd.
	

				
	(Incorporated in the PRC)	 		 		 	
				
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed) 

		 		 		 	
	Authorised Signatory	 		 	 
	 Name:
 Title:
	 	 CHEN Haozhi 

 Legal Representative
	 		 	 
	 	 		 	 

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Beijing Wan’ai Technology Co., Ltd.
	

				
	(Incorporated in the PRC)	 		 		 	
				
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed)

		 		 		 	
	Authorised Signatory	 		 	 
	 Name:
 Title:
	 	 CHEN Haozhi 

 Legal Representative
	 		 	 
	 	 		 	 

 Address: Room 501S, 5/F, No. 36 Chuan.gye Thong Road, Haidian District, Beijing

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Chengdu Chukong Technology Co., Ltd.
	

				
	(Incorporated in the PRC)	 		 		 	
				
	 /s/ LIU Guanqun
	 		 		 	 (seal affixed)

		 		 		 	
	Authorised Signatory	 		 		 	
	Name:	 	LIU Guanqun 

	 		 		 	

 Address: Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Xiamen Yaji Software Co., Ltd.
	

				
	(Incorporated in the PRC)	 		 		 	
				
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed) 

		 		 		 	
	Authorised Signatory	 		 		 	
	Name:	 	CHEN Haozhi 

	 		 		 	
	Title:	 	Legal Representative	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Beijing Tianshengchengye Information Technology Co., Ltd.
	

				
	(Incorporated in the PRC)	 		 		 	
				
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed) 

		 		 		 	
	Authorised Signatory	 		 		 	
	Name:	 	CHEN Haozhi 

	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Directouch Success Partners Limited
	
	(Incorporated in the British Virgin Islands)
				
	 /s/ MA Fei
	 		 		 	 (seal affixed) 

		 		 		 	
	Authorised Signatory	 		 		 	
	Name:	 	MA Fei 

	 		 		 	
	Title:	 	Sol Shareholder	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Directouch Group Limited
	
	(Incorporated in the British Virgin Islands)
				
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed) 

		 		 		 	
	Authorised Signatory	 		 		 	
	Name:	 	CHEN Haozhi 

	 		 		 	
	Title:	 	Sol Shareholder	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Directouch Development Group Limited
	
	(Incorporated in the British Virgin Islands)
				
	 /s/ LIU Guanqun
	 		 		 	 (seal affixed)

		 		 		 	
	Authorised Signatory	 		 		 	
	Name:	 	LIU Guanqun 

	 		 		 	
	Title:	 	Sol Shareholder	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

	
	Signed. sealed and delivered as a deed by
	MA Fei 

	
	 /s/ MA Fei

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

	
	Signed. sealed and delivered as a deed by
	CHEN Haozhi 

	
	 /s/ CHEN Haozhi

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

	
	Signed. sealed and delivered as a deed by
	LIU Guanqun

	
	 /s/ LIU Guanqun

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

	
	Executed as a deed by
	Brightfish Investment Ltd
	
	(Incorporated in the Cayman Islands)
	
	 /s/ Authorised Signatory

	Authorised Signatory
	Name:

 Address: 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands 

with a copy to 
 Address: Suites 1702-03, 17/F, One Exchange
Square, 8 Connaught Place, Central, Hong Kong 
 Attn: Director 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

			
	Executed as a deed by
	
	GGV CAPITAL IV L.P.
	By:	 	GGV Capital IV L.L.C., its General Partner

			
		
	By:	 	 /s/ Hany Nada

	Name:	 	Hany Nada
	Title:	 	Managing Director

  

			
	Address:	  	2494 Sand Hill Road, Suite 100
		  	Menlo Park, CA 94025, U.S.A.
	Attn:	  	Stephen Hyndman
	  
 with a copy to

 

	Address:	  	Unit 3501, IFC II,
		  	8 Century Avenue
		  	Shanghai 200120, P. R. C
	Attn:	  	Jenny Lee

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

			
	Executed as a deed by
	
	GGV CAPITAL IV ENTREPRENEURS FUND L.P.
	By:	 	GGV Capital IV L.L.C., its General Partner

			
		
	By:	 	 /s/ Hany Nada

	Name:	 	Hany Nada
	Title:	 	Managing Director

  

			
	Address:	  	2494 Sand Hill Road, Suite 100
		  	Menlo Park, CA 94025, U.S.A.
	Attn:	  	Stephen Hyndman
	  
 with a copy to

 

	Address:	  	Unit 3501, IFC II,
		  	8 Century Avenue
		  	Shanghai 200120, P. R. C
	Attn:	  	Jenny Lee

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

			
	Executed as a deed by
	
	GGV CT Limited
		
	By:	 	 /s/ Lee Hong Wei, Jenny

	Name:	 	Lee Hong Wei, Jenny
	Title:	 	Director

  

			
	Address:	  	2494 Sand Hill Road, Suite 100
		  	Menlo Park, CA 94025, U.S.A.
	Attn:	  	Stephen Hyndman
	  
 with a copy to

 

	Address:	  	Unit 3501, IFC II,
		  	8 Century Avenue
		  	Shanghai 200120, P. R. C
	Attn:	  	Jenny Lee

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

									
	Executed as a deed by
	Steamboat Ventures V, L.P.	 		 		 	
				
	(Incorporated in Cayman Islands)	 		 		 	
					
	By:	 	Steamboat Ventures Manager V, L.P.	 		 		 	
	Its:	 	General Partner	 		 		 	
					
	By:	 	Steamboat Ventures GP V, Ltd.	 		 		 	
	Its:	 	General Partner	 		 		 	 (seal affixed) 

  

			
	 /s/ Liping Fan

	Authorised Signatory
	Name:	 	Liping Fan
	Capacity:	 	Director

  

			
	Address:	  	3601 West Olive Avenue, Suite 650
		  	Burbank, CA 91505, USA

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Northern Light Venture Capital 11, Ltd. 
 (Incorporated in
Cayman Islands) 
  

	
	
	 (seal affixed) 

  

			
	 /s/ Jeffrey D. Lee

	Authorised Signatory
	Name:	 	Jeffrey D. Lee
	Capacity:	 	Director

 Address: Suite 1720, Hutchison House, 10 Harcourt Road, Central, Hong Kong 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Sequoia Capital 2010 CV Holdco, Ltd. 
 (Incorporated in
Cayman Islands) 
  

	
	
	 (seal affixed) 

  

			
	 /s/ Kok Wai Yee

	Authorised Signatory
	Name:	 	Kok Wai Yee
	Capacity:	 	Authorized Signatory

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 SCHEDULE A 

FOUNDERS 
 1. CHEN Haozhi 

 with PRC identification number 
 2. LIU Guanqun 

 with PRC identification number 
 3. MA Fei 

 with PRC identification number 

 SCHEDULE B 

DEED OF ADHERENCE 
 This
Deed of Adherence (this “Deed of Adherence”) is executed as a deed by the undersigned (the “New Shareholder”) pursuant to the terms of that certain Third Amended and Restated Shareholders Agreement dated
October 18, 2013 (the “Agreement”) by and among Directouch Holdings Limited, a company incorporated under the laws of the Cayman Islands (the “Company”) and, among others, certain of its shareholders, and in
consideration of the Shares (as defined below) subscribed for, pledged to, transferred to or issued to the New Shareholder and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. Capitalized terms
used but not defined herein shall have the respective meanings ascribed to such terms in the Agreement. 
 NOW THIS DEED WITNESSES as follows: 

1. Acknowledgement. The New Shareholder acknowledges that the Proposed Transferee is acquiring [number] [Preferred/Ordinary] shares of
the Company (the “Shares”), subject to the terms and conditions of the Agreement. 
 2. Agreement. Immediately upon
transfer or issuance of the Shares, the New Shareholder (i) agrees that the Shares acquired by New Shareholder shall be bound by and subject to the terms of the Agreement applicable to the Ordinary Holders (as defined in the Agreement), and
(ii) hereby adopts the Agreement with the same force and effect as if the New Shareholder were originally the Ordinary Holders. 
 3.
Notice. Any notice required or permitted by the Agreement shall be given to the New Shareholder at the address listed beside the New Shareholder’s signature below. 

4. Governing Law. This Deed of Adherence is governed by, and shall be construed in all respects in accordance with, Hong Kong law. 

IN WITNESS whereof the Proposed Transferee has executed this Deed of Adherence on             ,
20    . 

 If the Proposed Transferee is an individual 

 

					
	SIGNED, SEALED AND DELIVERED	 	)
	by [Name of the Individual]	 	)
	 in the presence of:
	 	)
	Address:	 		 	)
	Fax:	 		 	)

 OR 
 If the Proposed
Transferee is a company 
  

					
	SEALED with the Common Seal of	 	)
	[Name of the Company]	 	)
	and SIGNED by:	 	)
	 in the presence of:
	 	)
	Address:	 		 	)
	Fax:	 		 	)

 SCHEDULE C 

PFIC ANNUAL INFORMATION STATEMENT 
 PFIC
Annual Information Statement pursuant to U.S. Treasury Regulation § 1.1295-1(g). 

                          
               (the “Company”) hereby represents that: 
  

	1.	This PFIC Annual Information Statement applies to the Company’s taxable year beginning on              and ending on
            , 

  

	2.	The pro rata shares of the Company’s ordinary earnings and net capital gain attributable to the U.S. shareholder (directly or indirectly through any other entity that holds the investment in the Company) for the
taxable year specified in paragraph (1) are: 

  

			
	Ordinary Earnings:	  	U.S.$            
	Net Capital Gains:	  	U.S.$            

  

	3.	The amount of cash and the fair market value of other property distributed or deemed distributed by the Company to the U.S. shareholder during the taxable year specified in paragraph (1) are as follows:

 Cash: U.S.$         

Fair Market Value of Property: U.S.$         

 

	4.	The Company will permit the U.S. shareholder to inspect and copy the Company’s permanent books of account, records, and such other documents as may be maintained by the Company that are necessary to establish that
the Company’s ordinary earnings and net capital gain are computed in accordance with US Federal income tax principles, and to verify these amounts and the U.S. shareholders direct or indirect pro rata shares thereof. 

[Must be signed by an authorized representative of the Company] 

 

			
	By:	 	  

	Title:	 	
	Date:	 	

 SCHEDULE D-1 

LIST OF SERIES B INVESTORS 

Steamboat Ventures V, L.P. 

Northern Light Venture Capital II, Ltd. 

Sequoia Capital 2010 CV Holdco, Ltd. 

SCHEDULE D-2 

LIST OF SERIES C INVESTORS 

GGV CAPITAL IV L.P. 
 GGV Capital
IV Entrepreneurs Fund L.P. 
 Steamboat Ventures V, L.P. 

Northern Light Venture Capital II, Ltd. 

Sequoia Capital 2010 CV Holdco, Ltd. 

SCHEDULE D-3 
 LIST OF
SERIES D INVESTORS 
 Brightfish Investment Ltd 

GGV CAPITAL IV L.P. 
 GGV Capital IV
Entrepreneurs Fund L.P. 
 GGV CT Limited 

Steamboat Ventures V, L.P. 

Northern Light Venture Capital II, Ltd.EX-4.5

 Exhibit 4.5 

EXECUTION VERSION 
  

 
  

SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

DIRECTOUCH HOLDINGS LIMITED 

DIRECTOUCH MANAGEMENT LIMITED 

BEIJING CHUKONG AIPU TECHNOLOGY CO. LTD. 

BEIJING CHUKONG TECHNOLOGY CO. LTD. 

BEIJING WAN’AI INTERNET TECHNOLOGY CO. LTD. 

CHENGDU CHUKONG TECHNOLOGY CO. LTD. 

XIAMEN YAJI SOFTWARE CO. LTD. 

BEIJING TIANSHENGCHENGYE INFORMATION TECHNOLOGY CO. LTD. 

CHEN HAOZHI 
 LIU
GUANQUN 
 MA FEI 

DIRECTOUCH SUCCESS PARTNERS LIMITED 

DIRECTOUCH GROUP LIMITED 

DIRECTOUCH DEVELOPMENT GROUP LIMITED 

And 
 BRIGHTFISH INVESTMENT LTD

 GGV CAPITAL IV L.P. 

GGV CAPITAL IV ENTREPRENEURS FUND L.P. 

GGV CT LIMITED 

STEAMBOAT VENTURES V, L.P. 

NORTHERN LIGHT VENTURE CAPITAL II, LTD. 

Dated September 13, 2013 

US$ 50,000,000.00 

SERIES D PREFERRED SHARES 
  

 

 Table of Contents 

 

							
	 1.
	  	 AGREEMENT TO PURCHASE AND SELL SHARES
	  	 	7	  
			
	 2.
	  	 CLOSING OF SHARE SUBSCRIPTION
	  	 	8	  
			
	 3.
	  	 REPRESENTATIONS AND WARRANTIES OF COVENANTORS
	  	 	8	  
			
	 4.
	  	 REPRESENTATIONS AND WARRANTIES OF THE INVESTOR
	  	 	24	  
			
	 5.
	  	 COVENANTS OF THE COVENANTORS
	  	 	24	  
			
	 6.
	  	 CONDITIONS TO INVESTORS’ OBLIGATIONS AT THE CLOSING
	  	 	29	  
			
	 7.
	  	 CONDITIONS TO GROUP COMPANIES’ OBLIGATIONS AT THE CLOSING
	  	 	31	  
			
	 8.
	  	 INDEMNIFICATION
	  	 	32	  
			
	 9.
	  	 CONFIDENTIALITY AND NON-DISCLOSURE
	  	 	33	  
			
	 10.    
	  	 MISCELLANEOUS
	  	 	34	  

 Exhibits 
  

			
	 Exhibit A
	  	 Schedule of Founders

		
	 Exhibit B
	  	 Schedule of Investors

		
	 Exhibit C
	  	 Restated Articles

		
	 Exhibit D
	  	 Disclosure Schedule

		
	 Exhibit E
	  	 Fully-Diluted Share Capital of the Company upon Closing

		
	 Exhibit F
	  	 Shareholders Agreement

		
	 Exhibit G
	  	 List of Key Employees

		
	 Exhibit H
	  	 List of Trademark License

		
	 Exhibit I
	  	 List of Intellectual Properties held by certain individuals and Group Company other than WFOE

		
	 Exhibit J
	  	 Key Employees’ Non-compete and Full-time Undertaking Letter

		
	 Exhibit K
	  	 Indemnification Agreement

  
 2 

 Table of Defined Terms 
  

			
	 Terms
	  	 Cross Reference in Agreement

	 Act
	  	 Section 3.5(b)

	 Action
	  	 Section 3.10

	 Affiliate
	  	 Section 3.18(a)

	 Agreement
	  	 Preamble

	 Associate
	  	 Section 3.18(a)

	 Board
	  	 Section 5.5

	 Business Day
	  	 Section 1.2(b)

	 BVI 1
	  	 Preamble

	 BVI 2
	  	 Preamble

	 BVI 3
	  	 Preamble

	 BVI Companies
	  	 Preamble

	 Closing
	  	 Section 2.1

	 Closing Date
	  	 Section 1.2

	 Chukong
	  	 Preamble

	 Code
	  	 Section 3.17 (c)

	 Company
	  	 Preamble

	 Company Proprietary Assets
	  	 Section 3.8(a)

	 Constitutional Documents
	  	 Section 3.12

	 Controlling Documents
	  	 Section 3.2(a)(ix)

	 Conversion Shares
	  	 Section 1.2(b)

	 Covenantors
	  	 Section 3

	 Disclosing Party
	  	 Section 9.4

	 Disclosure Schedule
	  	 Section 3

	 Earn-Out ESOP
	  	 Section 5.14

	 Employment Agreement
	  	 Section 3.19(b)

	 ESOP
	  	 Section 3.2(a)(vi)

	 FCPA
	  	 Section 5.28

	 Financing Terms
	  	 Section 9.1

	 Founder
	  	 Preamble

	 Government Official
	  	 Section 3.11(b)

	 Group Company
	  	 Preamble

	 Group Companies
	  	 Preamble

  
 3 

			
	 Group Company Contracts
	  	 Section 3.12

	 HK Co.
	  	 Preamble

	 Indemnification Cap
	  	 Section 8.3

	 Indemnified Parties
	  	 Section 8.2

	 Investor
	  	 Preamble

	 Key Employee
	  	 Section 3.19(b)

	 knowledge
	  	 Section 3

	 Last Accounts
	  	 Section 3.15

	 Last Accounts Date
	  	 Section 3.15

	 License
	  	 Section 3.8(d)

	 Losses
	  	 Section 8.3

	 material
	  	 Section 3.9

	 Material Adverse Effect
	  	 Section 3.9

	 NLVC
	  	 Section 3.2(a)(vi)

	 Ordinary Shares
	  	 Section 3.2(a)(i)

	 PFIC
	  	 Section 3.17(c)

	 PRC Companies
	  	 Preamble

	 PRC GAAP
	  	 Section 3.15

	 PRC Subsidiaries
	  	 Preamble

	 Principal Business
	  	 Recitals

	 Proceeds
	  	 Section 5.2

	 Proprietary Assets
	  	 Section 3.8(a)

	 Purchase Shares
	  	 Section 1.2(b)

	 Qualified IPO
	  	 has the meaning given to such term in the Restated Articles

	 Registered Intellectual Property Section 3.8(a)
	  	
	 Restated Articles
	  	 Section 1.1

	 SAFE
	  	 Section 3.25(c)

	 SAFE Cir. 75
	  	 Section 3.24

	 Series A Director
	  	 Section 6.14

	 Series A Preferred Shares
	  	 Section 3.2(a)(ii)

	 Series B Director
	  	 Section 6.14

	 Series B Preferred Shares
	  	 Section 3.2(a)(iii)

	 Series C Director
	  	 Section 6.14

	 Series C Preferred Shares
	  	 Section 3.2(a)(iv)

	 Series D Director
	  	 Section 6.14

  
 4 

			
	 Series D Investors
	  	 Section 1.2(a)

	 Series D Issue Price
	  	 Section 1.2(a)

	 Series D Lead Investor
	  	 Preamble

	 Series D Preferred Shares
	  	 Section 1.2(a)

	 Series D Purchase Price
	  	 Section 1.2(a)

	 Shareholders Agreement
	  	 Section 3.2(a)(vi)

	 Subsidiary
	  	 has the meaning given to such term in the Restated Articles

	 Tax
	  	 Section 3.17

	 Tax Return
	  	 Section 3.17

	 Transaction Agreements
	  	 Section 3.4

	 Wan’ai
	  	 Preamble

	 Warrant
	  	 Section 3.2(a)(vi)

	 WFOE
	  	 Preamble

  
 5 

 SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

This SERIES D PREFERRED SHARE PURCHASE AGREEMENT (this “Agreement”) is made and entered into on September 13, 2013 by
and among: 
  

	(i)	Directouch Holdings Limited (the “Company”), an exempted company duly established and validly existing under the laws of the Cayman Islands; 

 

	(ii)	Directouch Management Limited (the “HK Co.”), a limited liability company established under the laws of Hong Kong; 

  

	(iii)	Beijing Chukong Aipu Technology Co., Ltd.

, a wholly foreign owned enterprise established by the HK Co. under the laws of the PRC (the “WFOE”, together with the PRC Companies (as defined below), the “PRC Subsidiaries”);

  

	(iv)	Beijing Chukong Technology Co., Ltd.

, a limited liability company established under the laws of the PRC (“Chukong”); 

  

	(v)	Beijing Wan’ai Internet Technology Co., Ltd.

, a limited liability company established under the laws of the PRC (“Wan’ai”); 

  

	(vi)	Chengdu Chukong Technology Co., Ltd.

, a limited liability company established under the laws of the PRC (“Chengdu Chukong”); 

  

	(vii)	Xiamen Yaji Software Co., Ltd.

, a limited liability company established under the laws of the PRC (“Xiamen Yaji”); 

  

	(viii)	Beijing Tianshengchengye Information Technology Co., Ltd.

, a limited liability company established under the laws of the PRC (“Tianshengchengye”, together with Chukong, Wan’ai, Chengdu Chukong, Xiamen Yaji, the “PRC Companies”);

  

	(ix)	the founders listed on Exhibit A (the “Founders”); 

  

	(x)	Directouch Success Partners Limited, a business entity established under the laws of the British Virgin Islands (“BVI 1”); 

 

	(xi)	Directouch Group Limited, a business entity established under the laws of the British Virgin Islands (“BVI 2”); 

  

	(xii)	Directouch Development Group Limited, a business entity established under the laws of the British Virgin Islands (“BVI 3”, together with BVI 1 and BVI 2, the “BVI Companies”);

  
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	(xiii)	Brightfish Investment Ltd, a business entity established under the laws of the Cayman Islands (the “Series D Lead Investor”); and 

 

	(xiv)	other investors listed on Exhibit B (together with the Series D Lead Investor, the “Investors”, each an “Investor”). 

For the purpose of this Agreement, the Company, the HK Co., the PRC Subsidiaries and all other direct or indirect Subsidiaries of the foregoing shall
each be referred to as a “Group Company”, and collectively, the “Group Companies”. 
 RECITALS

 A. The PRC Subsidiaries are engaged in the business of research and development of software and online games for the mobile devices,
including iphone, ipad and other Apple electronics, and operation of those games, advertising, owning, operating and maintaining a developers’ platform from which an open source code of a major mobile game engine was developed, and other
business as set out in the business license of each PRC Subsidiary (the “Principal Business”); 
 B. The Investors wish to
invest in the Company by subscribing for Series D Preferred Shares (as defined below) to be issued by the Company pursuant to the terms and subject to the conditions of this Agreement, and the Company wishes to issue and sell Series D Preferred
Shares to the Investors pursuant to the terms and subject to the conditions of this Agreement. 
 C. The Parties desire to enter into this
Agreement and make the respective representations, warranties, covenants and agreements set forth herein on the terms and conditions set forth herein. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1. AGREEMENT TO PURCHASE AND SELL SHARES 

1.1 Authorization. At the Closing (as defined below), the Company shall have authorized the issuance and allotment, pursuant to the
terms and subject to the conditions of this Agreement, of 16,173,838 Series D Preferred Shares (as defined below), having the rights, preferences, privileges and restrictions as set forth in the Fourth Amended and Restated Memorandum and Articles of
Association of the Company substantially in the form attached hereto as Exhibit C (the “Restated Articles”). 
 1.2
Agreement to Issue and Subscribe Series D Preferred Shares. 
 (a) Subject to the terms and conditions hereof, the Company hereby
agrees to issue and sell to such Investors listed in Exhibit B attached hereto (the “Series D Investors”), and each Series D Investor hereby agrees to purchase from the Company on the date of the Closing (the “Closing
Date”), such number of Series D Preferred Shares of the Company, par value US$0.000002 per share (the “Series D Preferred Shares”), as is set forth opposite the name of such Series D Investor in Exhibit B, at a subscription
price of US$3.09141213 per share ( the “Series D Issue Price”), amounting to an aggregate purchase price of US$ 50,000,000.00 (the “Series D Purchase Price”), subject to Section 1.2(b) below. 

  
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 (b) The Series D Preferred Shares to be issued and subscribed pursuant to this Agreement shall
be hereinafter sometimes referred to as the “Purchased Shares” and the Ordinary Shares (as defined below) of the Company issuable upon conversion of the Purchased Shares shall be hereinafter collectively referred to as the
“Conversion Shares”. The Company shall deliver to each Series D Investor wire transfer instructions at least three (3) Business Days prior to the Closing Date. For the purpose of this Agreement, the term “Business
Day” shall mean any day (excluding Saturdays, Sundays and public holidays in Hong Kong, the PRC and the Cayman Islands) on which banks generally are open for business in Hong Kong, the PRC and the Cayman Islands. 

2. CLOSING OF SHARE SUBSCRIPTION 

2.1 Closing. Subject to the fulfillment of the conditions to the Closing as set forth in Sections 6 and 7 or waivers thereof,
the sale and purchase of the Purchased Shares against delivery of evidence of irrevocable wire instructions of payment of the Series D Purchase Price shall take place remotely via facsimile or other electronic transmissions at such time and place as
the Company and the Investors may mutually agree (the “Closing”); provided, however, that the original documents shall be provided promptly after the Closing. 

2.2 Closing Deliveries. At the Closing, the Series D Investors shall provide the Company with evidence of payment of the Series D
Purchase Price to an account specified by the Company by wire transfer in immediately available funds to the Company, both against delivery by the Company to the Investors of (i) the copies certified by the registered agent or a director of the
Company of the (a) the updated register of members of the Company reflecting the Series D Preferred Shares subscribed by each Investor and (b) the updated registers of directors of the Company and the HK Co., (ii) certificates
representing the Series D Preferred Shares subscribed by the Investors, of which originals shall be provided promptly after the Closing, and (iii) the amendments to articles of association or the new articles of association of the PRC
Subsidiaries, the Appointment Letters for new directors and the shareholders’ resolution of the PRC Subsidiaries reflecting the composition of the boards of directors and the quorum and voting mechanism of the PRC Subsidiaries are identical to
the board of directors of the Company. 
 3. REPRESENTATIONS AND WARRANTIES OF COVENANTORS 

Each of the Group Companies, the BVI Companies and the Founders (collectively, the “Covenantors”), jointly and severally,
hereby represents and warrants to the Investors that the statements set forth in Section 3, including, without limitation, those set forth in the Disclosure Schedule (the “Disclosure Schedule”) attached to this Agreement
as Exhibit D or otherwise qualified or excepted in the Disclosure Schedule, are true, correct and complete on the date hereof and the Closing Date (except as otherwise specified). In this Agreement, any reference to a party’s
“knowledge” means such party’s actual or constructive knowledge after due and diligent inquiries of officers, directors and other employees of such party reasonably believed to have knowledge of the matter in question. 

  
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 3.1 Organization, Standing and Qualification. Each Group Company is duly organized,
validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, the laws of the place of its incorporation or establishment and has all requisite power and authority to own its properties and assets
and to carry on its business as now conducted and as proposed to be conducted, and to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is qualified to do business and
is in good standing (or equivalent status in the relevant jurisdiction) in each jurisdiction. 
 3.2 Capitalization. 

(a) Pre-Closing Capitalization. Immediately prior to Closing, the authorized and issued share capital of the Company consists of the
following: 
 (i) Ordinary Shares. A total of 405,274,002 ordinary shares, par value US$0.000002 per share, of the
Company (the “Ordinary Shares”) have been authorized. 
 (ii) Series A Preferred Shares. A total of
17,857,150 authorized Series A Preferred Shares of the Company, par value US$0.000002 per share (the “Series A Preferred Shares”), 14,285,700 of which have been issued and outstanding immediately prior to the Closing. 

(iii) Series B Preferred Shares. A total of 31,959,597 authorized Series B Preferred Shares (the “Series B
Preferred Shares”), all of which have been issued and outstanding immediately prior to the Closing. 
 (iv)
Series C Preferred Shares. A total of 28,735, 413 authorized Series C Preferred Shares (the “Series C Preferred Shares”), all of which have been issued and outstanding immediately prior to the Closing. 

(v) Series D Preferred Shares. A total of 16,173,838 authorized Series D Preferred Shares, none of which have been
issued and outstanding immediately prior to the Closing. 
 (vi) Options, Warrant, Reserved Shares. The Company has
reserved enough Ordinary Shares for issuance upon conversion of the Series D Preferred Shares. Except for (i) the conversion privileges of the Series A Preferred Shares, Series B Preferred Shares, Series C Preferred Shares and the Purchased
Shares, (ii) the rights provided in the Restated Articles and the Third Amended and Restated Shareholders Agreement to be entered into at the Closing, a form of which is attached hereto as Exhibit F (the “Shareholders
Agreement”), (iii) 10,542,850 Ordinary Shares reserved for the Founders, employees, officers, directors or consultants of the Group Company pursuant to an equity incentive plan of the Company (the “ESOP”), and
(iv) the warrant issued by the Company to Northern Light Venture Capital II, Ltd. (“NLVC”) on April 13, 2011 (the “Warrant”), (A) there are no options, warrants, conversion privileges or other rights,
or agreements with respect to the issuance thereof, presently outstanding to subscribe to any of the shares of the Company; and (B) no shares of the Company’s issued and allotted share capital, or shares issuable upon exercise or exchange
of any outstanding options or other shares issuable by the Company, are subject to any preemptive rights, rights of first refusal or other rights to purchase such shares (whether in favor of the Company or any other person). 

  
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 (vii) HK Co. Immediately prior to the Closing, the Company owns 100% of
the issued and outstanding shares of the HK Co. There are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance thereof, presently outstanding to purchase any of the shares of the HK Co. and no
outstanding shares of the HK Co. are subject to any encumbrance, preemptive rights, rights of first refusal or other rights to purchase such shares (whether in favor of the Company or any other person). 

(viii) WFOE. Immediately prior to the Closing, the WFOE’s registered capital is US$12,000,000 and total investment
is US$30,000,000. The registered capital of the WFOE has been fully contributed. HK Co. owns 100% of the equity interest of the WFOE. There are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance
thereof, presently outstanding to purchase any equity interest of the WFOE and, no equity interest of the WFOE is subject to any encumbrance, preemptive rights, rights of first refusal or other rights to purchase such equity interest (whether in
favor of the WFOE or any other person). 
 (ix) PRC Companies. Immediately prior to the Closing, Chukong’s
registered capital is RMB10,000,000, which registered capital has been contributed in full, Wan’ai’s registered capital is RMB515,000, which registered capital has been contributed in full, Chengdu Chukong’s registered capital is RMB
20,000,000, which registered capital has been contributed in full, Xiamen Yaji’s registered capital is RMB1,000,000, which registered capital has been contributed in full, and Tianshengchengye’s registered capital is RMB10,000,000, which
registered capital has been contributed in full. The shareholders of the PRC Companies and their relative ownership percentage of the registered capital of the PRC Companies are as follows: 

 

					
	 Shareholder
	  	Shareholding Percentage	 
	 Chukong
	   

	 CHEN Haozhi
	  	 	45	% 
	 LIU Guanqun
	  	 	45	% 
	 MA Fei
	  	 	10	% 
	 Wan’ai
	  			
	 CHEN Haozhi
	  	 	45	% 
	 LIU Guanqun
	  	 	45	% 
	 MA Fei
	  	 	10	% 
	 Chengdu Chukong
	  			
	 Chukong
	  	 	100	% 
	 Xiamen Yaji
	   

	 Chukong
	  	 	100	% 
	 Tianshengchengye
	  			
	 Jia Yan
	  	 	50	% 
	 Hou Yingtao
	  	 	50	% 

  
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 Except as set forth in a series of controlling contracts and instruments, including but not limited to,
the share pledge agreement, the share disposal agreement, the intellectual property transfer agreement, the intellectual property licensing agreement, the domain name and trademark pledge agreement, the business operation agreement and the exclusive
consultancy and service agreement, entered into by and among the WFOE, Chukong, Wan’ai and the Founders on April 13, 2011, and any amendment, supplement or replacement thereof, and the equity pledge agreement, the loan agreement, the
exclusive business cooperation agreement, the exclusive option agreement, the power of attorney, the spousal consent and the nominee letter, to be entered into by and among the WFOE, Tianshengchengye, Jia Yan and Hou Yingtao, and any amendment,
supplement or replacement thereof, (the “Controlling Documents”), there are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance thereof, presently outstanding to purchase any
equity interest of the PRC Companies and, no equity interest of the PRC Companies is subject to any encumbrance, preemptive rights, rights of first refusal or other rights to purchase such equity interest (whether in favor of the PRC Companies or
any other person). 
 (b) Closing Capitalization. Immediately after the Closing, the shareholders and share capital of the
Company on a fully-diluted as converted basis are as set out in Exhibit E. 
 3.3 Subsidiaries; Group Structure. Section 3.3 of
the Disclosure Schedule sets forth a complete structure chart showing Group Companies (the “Structure Chart”), and indicating the ownership and Control (defined below) relationships among all Group Companies, the nature of the legal
entity which each Group Company constitutes and the jurisdiction in which each Group Company was organized, and each jurisdiction in which each Group Company is required to be qualified or licensed to do business as a foreign Person. Except for the
entities as shown in the Structure Chart, each of the Group Companies does not presently own or control, directly or indirectly, any interest in any other company, partnership, trust, joint venture, association, or other entity, nor has any other
subsidiaries. 
 For purposes of this Agreement, “Control” of a given Person (as defined below) means the power or
authority, whether exercised or not, to direct the business, management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by Contract or otherwise; provided, that such power or authority
shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than fifty percent (50%) of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to
control the composition of a majority of the board of directors of such Person. The term “Person” means any individual, corporation, partnership, limited partnership, proprietorship, association, limited liability company, firm,
trust, estate or other enterprise or entity. 

  
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 3.4 Due Authorization. All corporate action on the part of the Covenantors and, as
applicable, their respective officers, directors and shareholders necessary for (i) the authorization, execution and delivery of, and the performance of all obligations of the Group Companies under this Agreement, the Shareholders Agreement,
the Restated Articles and any other agreements to which it is a party and the execution of which is contemplated hereunder and thereunder (together the “Transaction Agreements”), and (ii) the authorization, issuance and
delivery of all of the Purchased Shares being sold under this Agreement and the authorization and reservation for issuance of the Conversion Shares, have been taken or will be taken prior to Closing. Each of the Transaction Agreements is a valid and
binding obligation of each of the Covenantors, as applicable, enforceable in accordance with its terms, subject, as to enforcement of remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting
creditors’ rights generally and to general equitable principles. 
 3.5 Valid Issuance of Purchased Shares. 

(a) The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement and other Transaction Agreements
will be validly issued, credited as fully paid, and nonassessable. The Conversion Shares will, on the Closing Date, be duly and validly reserved for issuance and, upon issuance in accordance with the terms of the Restated Articles, will be validly
issued, credited as fully paid, and nonassessable. 
 (b) The outstanding capital shares of the Company are duly and validly issued, fully
paid and nonassessable, and all outstanding shares, options, warrants and other securities of the Company have been issued in full compliance with the requirements of all applicable securities laws and regulations including, to the extent
applicable, the registration and prospectus delivery requirements of the United States Securities Act of 1933, as amended (the “Act”), or in compliance with applicable exemptions therefrom, and all other provisions of applicable
securities laws and regulations, including, without limitation, anti-fraud provisions. 
 3.6 Liabilities. Since the Last Accounts
Date (as defined in Section 3.15), unless otherwise disclosed in the Section 3.6 of Disclosure Schedule, no Group Company has incurred any indebtedness for borrowed money, absolute or contingent, that it has directly or indirectly
created, incurred, assumed, or guaranteed, or with respect to which the Group Company has otherwise become directly or indirectly liable, except for account payables created in the ordinary course of business consistent with its past practices. 

3.7 Title to Properties and Assets. Each Group Company has good and marketable title to its tangible properties and assets held in each
case subject to no mortgage, pledge, lien, encumbrance, security interest or charge of any kind. The foregoing assets collectively represent in all material respects all assets (including all rights and properties) necessary for the conduct of the
business of each Group company as presently conducted. With respect to the property and assets it leases, each Group Company is in compliance with such leases, any applicable law and any governmental approval, certificate applicable to property and
assets, including without limitation, the land use right grant contract, the State-owned Land Use Right Certificates applicable to the land it leases. Unless otherwise as disclosed in the Disclosure Schedule, such Group Company holds valid leasehold
interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets. To the knowledge of the Covenantors, there are no circumstances that would entitle any
governmental authority or other Person to take possession or otherwise restrict use, possession or occupation of any property subject to any leases. 

  
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 3.8 Status of Proprietary Assets. 

(a) For purpose of this Agreement, (a) “Proprietary Assets” shall mean all patents, patent applications, trademarks,
service marks, trade names, domain names, copyrights, copyright registrations and applications and all other rights corresponding thereto, inventions, databases and all rights therein, all computer software, formulas, designs, trade secrets,
confidential and proprietary information, proprietary rights, know-how and processes of a company, and all documentation related to any of the foregoing; (b) “Company Proprietary Assets” shall mean all Proprietary Assets that
are necessary and sufficient to conduct the business of any Group Company as presently conducted and as proposed to be conducted ; and (c) “Registered Intellectual Property” means all Company Proprietary Assets owned by any
Group Company wherever located, that is the subject of an application, certificate, filing, registration or other document issued by, filed with or recorded by any government authority. 

(b) Each of the Group Companies has independently developed and owns free and clear of all claims, security interests, liens or other
encumbrances, all Company Proprietary Assets including Registered Intellectual Property, necessary and appropriate for its business as now conducted and as proposed to be conducted and without any conflict with or infringement of the rights of any
other Person. All Registered Intellectual Property is registered or applied for solely in the name of a Group Company, is valid and subsisting and has not been abandoned, and all necessary registration, maintenance and renewal fees with respect
thereto and currently due have been satisfied. No Group Company or any of its employees, officers or directors has taken any actions or failed to take any actions that would cause any Company Proprietary Assets to be invalid, unenforceable or not
subsisting. 
 (c) No Group Company has misappropriated, or violated, or infringed in any material respect any Proprietary Assets of any
other Person, nor has any Group Company received any written notice alleging any of the foregoing. To the knowledge of the Covenantors, no Person has violated, infringed or misappropriated any material Company Proprietary Assets of any Group
Company, and no Group Company has given any written notice to any other Person alleging any of the foregoing. To the knowledge of the Covenantors, no Person has challenged the ownership or use of any Company Proprietary Assets by a Group Company. No
Group Company has agreed to indemnify any Person for any infringement, violation or misappropriation of any Intellectual Property by such Person. 

(d) Section 3.8(d) of the Disclosure Schedule contains a complete and accurate list of the following (collectively, the
“Licenses”): (a) all licenses, sublicenses, and other contracts to which any Group Company is a party and pursuant to which any third party is authorized to use, exercise or receive any benefit from any Company Proprietary
Assets, and (b) all licenses, sublicenses and other contracts to which any Group Company is a party and pursuant to which such Group Company is authorized to use, exercise, or receive any benefit from any Proprietary Assets of another Person,
in each case except for (1) agreements involving “off-the-shelf” commercially available software, (2) non-exclusive licenses to customers of the Group Companies in the ordinary course of business consistent with past practice and
(3) any Licenses under the Controlling Documents. The Group Companies have paid all license and royalty fees required to be paid under the Licenses. 

  
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 (e) All inventions and know-how conceived by employees of a Group Company related to the
business of such Group Company are currently owned exclusively by a Group Company. All employees, contractors, agents and consultants of a Group Company who are or were involved in the creation of any Proprietary Assets for such Group Company have
executed an assignment of inventions agreement that vests in a Group Company exclusive ownership of all right, title and interest in and to such Intellectual Property, to the extent not already provided by Law. All employee inventors of Company
Proprietary Assets have received reasonable reward and remunerations from a Group Company for his/her service inventions or service technology achievements in accordance with the applicable PRC laws. To the best knowledge of the Covenantors, none of
the current or former officers, employees or consultants of any Group Company (at the time of their employment or engagement by a Group Company) (a) has been or is obligated under any contract (including licenses, covenants or commitments of
any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency, that would interfere with the use of his, her or its best efforts to promote the interests of such Group Company or that would
conflict with the business of such Group Company as proposed to be conducted or that would prevent such officers, employees or consultants from assigning to such Group Company inventions conceived or reduced to practice in connection with services
rendered to such Group Company, (b) is in violation of any current or prior confidentiality, non-competition or non-solicitation obligations to such Group Company or to any other Persons, including former employers. 

(f) No government funding, facilities of any educational institution or research center, or funding from third parties has been used in the
development of any Proprietary Assets owned by any Group Company. 
 (g) Each Group Company has taken all commercially reasonable security
measures to protect the secrecy, confidentiality, and value of all its Company Proprietary Assets, including the Registered Intellectual Property, required to conduct its business, and has made all applicable filings, registrations and payments of
fees in connection with the foregoing. Without limiting the foregoing, all current and former officers, employees, consultants and independent contractors of any Group Company and all suppliers, customers, distributors, and other third parties
having access to any material Company Proprietary Assets have executed and delivered to such Group Company an agreement requiring the protection of such Company Proprietary Assets. To the extent that any material Company Proprietary Assets has been
developed or created independently or jointly by an independent contractor or other third party for any Group Company, or is incorporated into any products or services of any Group Company, such Group Company has a written agreement with such
independent contractor or third party and has thereby obtained ownership of, and is the exclusive owner of all such independent contractor’s or third party’s Proprietary Assets in such work, material or invention by operation of law or
valid assignment. 

  
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 3.9 Material Contracts and Obligations. All material agreements, contracts, leases,
licenses, instruments, commitments (oral or written), indebtedness, liabilities and other obligations to which each Group Company is a party or by which it is bound that (i) are material to the conduct and operations of its business and
properties, (ii) involve any of the officers, consultants, directors, employees or shareholders of such Group Company; or (iii) obligate such Group Company to share, license or develop any product or technology, are listed in
Section 3.9 of the Disclosure Schedule. For purposes of this Section 3.9, “material” shall mean (i) having an aggregate value, cost or amount, or imposing liability or contingent liability on any Group
Company, in excess of US$50,000 or that extend for more than one (1) year beyond the date of this Agreement, (ii) not terminable upon thirty (30) days notice without incurring any penalty or obligation, (iii) containing
exclusivity, non-competition, or similar clauses that impair, restrict or impose conditions on any Group Company’s right to offer or sell products or services in its Principal Business in specified areas, during specified periods, or otherwise,
(iv) not in the ordinary course of business, (v) transferring or licensing any Proprietary Assets to or from any Group Company (other than licenses granted in the ordinary course of business or licenses from commercially readily available
“off the shelf” computer software) or (vi) an agreement the termination of which would be reasonably likely to have a Material Adverse Effect. For purpose of this Agreement, a “Material Adverse Effect” shall mean any
fact, circumstance, change or effect that, individually or when taken together with all other such facts, circumstances, changes or effects that exist at the date of determination of the occurrence of the Material Adverse Effect, has or is
reasonably likely to (A) prevent, prohibit or materially delay the ability of the any Covenantor to perform their obligations under this Agreement or to consummate the Transaction, or (B) have a material adverse effect on the general
affairs, business, prospects, operations, assets, liabilities, results of operations or conditions (financial or otherwise) of any Group Company, whether or not arising from transactions in the ordinary course of the Group Companies’ business.

 3.10 Litigation. There is no action, suit, proceeding, claim, arbitration or investigation (“Action”) pending
(or, to the best knowledge of the Covenantors, currently threatened) against any of the Group Companies, any Group Company’s activities, properties or assets or, to the best knowledge of the Covenantors, against any officer, director or
employee of each Group Company in connection with such officer’s, director’s or employee’s relationship with, or actions taken on behalf of the Company, or otherwise. To the best knowledge of the Covenantors, there is no factual or
legal basis for any such Action that is likely to result, individually or in the aggregate, in any Material Adverse Effect. By way of example, but not by way of limitation, there are no Actions pending against any of the Group Companies or, to the
best knowledge of the Covenantors, threatened against any of the Group Companies, relating to the use by any employee of any Group Company of any information, technology or techniques allegedly proprietary to any of their former employers, clients
or other parties. None of the Group Companies is a party to or subject to the provisions of any order, writ, injunction, judgment or decree of any court or government agency or instrumentality and there is no Action by any Group Company currently
pending or which it intends to initiate. 
 3.11 Compliance with Laws; Consents and Permits. 

(a) Unless as disclosed in the Disclosure Schedule, none of the Covenantors is in violation of any applicable statute, rule, regulation,
order or restriction of any domestic or foreign government or any instrumentality or agency thereof in respect of the conduct of its business, the ownership of its properties or lease of major property or assets, and settlement and remittance of
foreign exchange. All consents, permits, approvals, orders, authorizations or registrations, qualifications, designations, declarations or filings by or with any governmental authority and any third party which are required to be obtained or made by
each Group Company in connection with the consummation of the transactions contemplated hereunder and under the Transaction Agreements have been obtained or made prior to and be in full force and effect as at the Closing. Unless otherwise as
disclosed in the Disclosure Schedule, each Group Company has all franchises, permits, licenses and any similar authority necessary for the conduct of its business as currently conducted and as proposed to be conducted, the absence of which would be
reasonably likely to have a Material Adverse Effect. None of the Group Companies is in default under any of such franchises, permits, licenses or other similar authority. 

  
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 (b) For purposes of this Section 3.11(b), “Government Official”
means any executive, official, or employee of a Governmental Authority, political party or member of a political party, political candidate; executive, employee or officer of a public international organization; or director, officer or employee or
agent of a wholly owned or partially state-owned or controlled enterprise, including a PRC state-owned or controlled enterprise. And “Governmental Authority” means any government of any nation, federation, province or state or any
other political subdivision thereof, any entity, authority or body exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any governmental authority, agency, department, board,
commission or instrumentality of the PRC or any other country, or any political subdivision thereof, any court, tribunal or arbitrator, and any self-regulatory organization. None of the Covenantors, nor to the best knowledge of the Covenantors, any
director, officer, agent, employee, representative or any other person associated with or acting for or on behalf of the foregoing, has offered, paid, promised to pay, or authorized the payment of any money, or offered, given a promise to give, or
authorized the giving of anything of value, to any Government Official, political party or official thereof or to any candidate for political office (or to any person where such Covenantors, its director, officer, agent, employee, representative or
other person knew or was aware of a high probability that all or a portion of such money or thing of value would be offered, given or promised, directly or indirectly, to any Government Official, political party, party official, or candidate for
political office) for the purposes of: 
 (i) (x) influencing any act or decision of such Government Official, political
party, party official, or candidate in his or its official capacity, (y) inducing such Government Official, political party, party official or candidate to do or omit to do any act in violation of the lawful duty of such Government Official,
political party, party official or candidate, or (z) securing any improper advantage, or 
 (ii) inducing such
Government Official, political party, party official, or candidate to use his or its influence with any governmental authority to affect or influence any act or decision of such governmental authority, in order to assist any Covenantor in obtaining
or retaining business for or with, or directing business to any Covenantor. 
 except to the extent that such conduct (i) was not prohibited by the
written laws and regulations of the country of such Government Official, political party or official thereof, or candidate for political office, or (ii) was a reasonable and bona fide business expenditure. 

  
 16 

 3.12 Compliance with Other Instruments and Agreements. Unless otherwise as disclosed in
the Disclosure Schedule, none of the Group Companies is in, nor will the conduct of its business as currently or proposed to be conducted result in, violation, breach or default in any term of its constitutional documents of the respective Group
Company (the “Constitutional Documents”), or in any material respect of any term or provision of any mortgage, indenture, contract, agreement or instrument to which the Group Company is a party or by which it may be bound (the
“Group Company Contracts”), or of any provision of any judgment, decree, order, statute, rule or regulation applicable to or binding upon the Group Company. None of the activities, agreements, commitments or rights of any Group
Company is ultra vires or unauthorized. The execution, delivery and performance of and compliance with the Transaction Agreements and the consummation of the transactions contemplated hereby and thereby will not result in any such violation, breach
or default, or be in conflict with or constitute, with or without the passage of time or the giving of notice or both, either a default under any Group Company’s Constitutional Documents or any Group Company Contracts, or, to the best knowledge
of the Covenantors, a violation of any statutes, laws, regulations or orders, or an event which results in the creation of any lien, charge or encumbrance upon any asset of any Group Company. 

3.13 Disclosure. Each of the Covenantors has provided the Investors with all the information that the Investors have reasonably
requested in deciding whether to subscribe for Series D Preferred Shares. No representation or warranty by the Covenantors in this Agreement contains any untrue statement of a material fact, or omits to state any material fact required to be stated
therein or necessary in order to make the statements therein, in light of the circumstances in which they are made, not misleading. The documents delivered by the Covenantors to the Investors in connection with the negotiation or execution of this
Agreement do not contain any untrue statement, or omit to state any fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances in which they are made, not misleading, except any information
that has been subsequently corrected or amended. 
 3.14 Registration Rights. Except as provided in the Shareholders Agreement,
neither the Company, nor any other Group Company has granted or agreed to grant to any person or entity any registration rights (including piggyback registration rights) with respect to, nor is the Group Company obliged to list, any of the Group
Company’s shares or equity interest on any securities exchange. Except as contemplated under this Agreement and the Shareholders Agreement, there are no voting or similar agreements which relate to any Group Company’s shares or securities.

 3.15 Last Accounts. The Group Company has delivered to the Investors prior to the Closing the consolidated unaudited balance
sheets, income statements and statements of cash flow for the PRC Companies for the fiscal year 2012 and the consolidated unaudited balance sheets, income statements and statements of cash flow for the PRC Companies for the period ended
June 30, 2013 (the foregoing financial statements and any notes thereto are hereinafter referred to as the “Last Accounts” and , the “Last Accounts Date”). Such Last Accounts (a) are prepared in accordance
with the books and records of the PRC Companies, (b) are true, correct and complete and present fairly the financial condition of the PRC Companies at the date or dates therein indicated and the results of operations for the period or periods
therein specified, and (c) have been prepared in accordance with the PRC generally accepted accounting principles (“PRC GAAP”) applied on a consistent basis. Specifically, but not by way of limitation, the balance sheets of the
Last Accounts disclose the PRC Companies’ material debts, liabilities and obligations of any nature, whether due or to become due, as on their respective dates (including, without limitation, absolute liabilities, accrued liabilities, and
contingent liabilities) to the extent such debts, liabilities and obligations are required to be disclosed in accordance with PRC GAAP. PRC Companies have good and marketable title to all assets set forth on the balance sheet of the Last Accounts,
except for such assets as have been spent, sold or transferred in the ordinary course of business since their respective dates. Except as disclosed in the Last Accounts, PRC Companies are not guarantors or indemnitors of any indebtedness of any
other person or entity. 

  
 17 

 3.16 Activities since the Last Accounts Date. Unless otherwise as disclosed in the
Disclosure Schedule, since the Last Accounts Date, there has not been: 
 (a) any material change in the assets, liabilities, financial
condition or operating results of such Group Company from that reflected in the Last Accounts, if applicable, except changes in the ordinary course of business that have not been, in the aggregate, materially adverse; 

(b) any material change in the contingent obligations of such Group Company by way of guarantee, endorsement, indemnity, warranty or
otherwise; 
 (c) any damage, destruction or loss, whether or not covered by insurance, materially and adversely affecting the assets,
properties, financial condition, operating results, prospects or business of such Group Company (as presently conducted and as presently proposed to be conducted); 

(d) any waiver by such Group Company of a valuable right or of a material debt; 

(e) any satisfaction or discharge of any lien, claim or encumbrance or payment of any obligation by such Group Company; 

(f) any material change or amendment to a material contract or arrangement (including but without limitation, any land lease contract) by
which such Group Company or any of its assets or properties is bound or subject; 
 (g) any material change in any compensation arrangement
or agreement with any present or prospective employee, contractor or director; 
 (h) any sale, assignment or transfer of any Proprietary
Assets or other material intangible assets of such Group Company; 
 (i) any resignation or termination of any officer or key employee of
such Group Company; 
 (j) any mortgage, pledge, transfer of a security interest in, or lien created by such Group Company, with respect to
any of such Group Company’s properties or assets; 

  
 18 

 (k) any debt, obligation, or liability incurred, assumed or guaranteed by such Group Company
individually in excess of US$50,000 or in excess of US$100,000 in the aggregate; 
 (l) any declaration, setting aside or payment or other
distribution in respect of any of such Group Company’s share capital, or any direct or indirect redemption, purchase or other acquisition of any of such share capital by such Group Company, except in connection with the transactions
contemplated hereunder; 
 (m) any failure to conduct business in the ordinary course, consistent with such Group Company’s past
practices; 
 (n) any transactions with any of its officers, directors or employees, or any members of their immediate families, or any
entity controlled by any of such individuals; 
 (o) any change in accounting policy, practices or principles of the Group Company; 

(p) any other event or condition of any character which could reasonably be expected to have a Material Adverse Effect; or 

(q) any agreement or commitment by a Group Company to do any of the things described in this Section 3.16. 

3.17 Tax Matters. 
 (a)
Unless otherwise as disclosed in the Disclosure Schedule, (i) the provisions for Taxes in the Last Accounts are sufficient for the payment of all accrued and unpaid applicable Taxes of the covered Group Company, whether or not assessed or
disputed as on the Last Accounts Date of each such balance sheet, (ii) there are no examinations or audits of any Tax Returns in progress by any applicable governmental agency, nor is there any pending dispute with, or notice from any Tax
authority relating to any of the Tax Returns filed by any Group Company, and to the knowledge of the Covenantors, there is no proposed liability for a deficiency in any Tax to be imposed upon the prosperities or assets of any Group Company,
(iii) each Group Company has duly withheld all Taxes, including but limited to, individual income Taxes and adequately paid mandatory contributions to the statutory welfare or social security funds on behalf of all its employees in compliance
with the applicable regulations in each respective jurisdiction such that there is no default or underpayment in respect of individual income Taxes and mandatory contributions to the statutory social security funds, (iv) each Group Company has
duly and timely filed all Tax Returns required to have been filed by it and paid all Taxes owed by it which are due and payable (whether or not shown on any Tax Return), (v) each Group Company is not subject to any waivers of applicable
statutes of limitations with respect to Taxes for any year, (vi) since incorporation, none of the Group Companies has incurred any taxes, assessments or governmental charges other than in the ordinary course of business, and (vii) no Group
Company is responsible for the Taxes of any other Person by reason of contract, successor liability or otherwise. 

  
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 (b) Each Tax Return referred to in paragraph (a) above was properly prepared in compliance
with applicable law and was (and will be) true, correct and complete in all material respects. None of such Tax Returns contains a statement that is false or misleading or omits any matter that is required to be included or without which the
statement would be false or misleading. No reporting position was taken on any such Tax Return which has not been disclosed to the appropriate Tax authority or in such Tax Return, as may be required by applicable law. All records relating to such
Tax Returns or to the preparation thereof required by applicable law to be maintained by applicable Group Company have been duly maintained. No written claim has been made by a governmental authority in a jurisdiction where the Group does not file
Tax Returns that any Group Company is or may be subject to Taxation by that jurisdiction. 
 (c) Neither the Company nor any Group Company
has ever been, is or expects to become a (a) passive foreign investment company (“PFIC”) as described in Section 1297 of the United States Internal Revenue Code (the “Code”); (b) foreign investment
company described in Section 1246 of the Code; (c) controlled foreign corporation described in Section 957 of the Code; (d) foreign personal holding company described in Section 552 of the Code; or (e) qualified
intermediary described in Section 1.1441-1 of the U. S. Treasury Regulations. 
 (d) None of the Company, the Group Companies, or,
solely by virtue of their status as shareholders of the Company or Group Companies, the shareholders of the Company or any of the Group Companies, has personal liability under local law for the debts and claims of the relevant entity. There has been
no communication from any Tax authority relating to or affecting the tax classification of the Company or any of the Group Companies. 

(e) All Tax credits and Tax holidays enjoyed by the Group Company established under the laws of the PRC under applicable laws since its
establishment have been in compliance with all applicable laws. 
 (f) Each Group Company is treated as a corporation for U.S. federal
income tax purposes. 
 For the purpose of this Section, “Tax” means (i) in the PRC: (a) any national,
provincial, municipal, or local taxes, charges, fees, levies, or other assessments, including, without limitation, all net income (including enterprise income tax and individual income withholding tax), turnover (including value-added tax, business
tax, and consumption tax), resource (including urban and township land use tax), special purpose (including land value-added tax, urban maintenance and construction tax, and additional education fees), property (including urban real estate tax and
land use fees), documentation (including stamp duty and deed tax), filing, recording, social insurance (including pension, medical, unemployment, housing, and other social insurance withholding), tariffs (including import duty and import value-added
tax), and estimated and provisional taxes, charges, fees, levies, or other assessments of any kind whatsoever, (b) all interest, penalties (administrative, civil or criminal), or additional amounts imposed by any governmental authority in
connection with any item described in clause (a) above, and (c) any form of transferee liability imposed by any governmental authority in connection with any item described in clauses (a) and (b) above, and (ii) in any
jurisdiction other than the PRC: all similar liabilities as described in clause (i) above. “Tax Return” means any return, report or statement showing Taxes, used to pay Taxes, or required to be filed with respect to any Tax
(including any elections, declarations, schedules or attachments thereto, and any amendment thereof), including any information return, claim for refund, amended return or declaration of estimated or provisional Tax. 

  
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 3.18 Interested Party Transactions. 

(a) No officer or director of a Group Company or any “Affiliate” or “Associate” (as those terms are defined
in Rule 405 promulgated under the Act) of any such person has any agreement (whether oral or written), understanding, proposed transaction with, or is indebted to, any Group Company, nor is any Group Company indebted (or committed to make loans or
extend or guarantee credit) to any of such persons (other than for accrued salaries, reimbursable expenses or other standard employee benefits), unless otherwise as disclosed in the Disclosure Schedule; 

(b) No officer or director of a Group Company has any direct or indirect ownership interest in any firm or company with which a Group Company
is affiliated or with which a Group Company has a business relationship, or any firm or company that competes with a Group Company; 
 (c)
No Affiliate or Associate of any officer or director of a Group Company is directly or indirectly interested in any material contract with a Group Company; and 

(d) No officer or director of a Group Company or any Affiliate or Associate of any such person has had, either directly or indirectly, a
material interest in: (i) any Person which purchases from or sells, licenses or furnishes to a Group Company any goods, property, intellectual or other property rights or services; or (ii) any contract or agreement to which a Group Company
is a party or by which it may be bound or affected. 
 For the avoidance of doubt and only for the purpose of this Section, a
“director” shall not include the Series A Director, Series B Director, Series C Director or Series D Director, and the term “Affiliate” or “Associate” shall not include the companies, in which Chukong has invested as
reflected in the Structure Chart. 
 3.19 Employee Matters. 

(a) Each Group Company has complied in all material aspects with all applicable employment and labor laws. There is no pending or to the
knowledge of the Covenantors threatened, and there has not been since, with respect to a Group Company, the incorporation of such Group Company, any Action relating to the violation or alleged violation of any applicable laws by any Group Company
related to labor or employment, including but not limited to any charge or complaint filed by an employee with any governmental authority or any Group Company. 

(b) None of the Group Companies is aware that any officer or any Key Employee (as defined below) intends to terminate their employment with
any Group Company, nor does any Group Company have a present intention to terminate the employment of any officer or Key Employee. Prior to the Closing, each of the persons listed in Exhibit G has duly entered into an employment agreement
(the “Employment Agreement”) in form and substance satisfactory to the Investors and none of the Group Companies is aware, after reasonable investigation, that any of such persons are in violation thereof. No Key Employee is subject
to any covenant restricting him/her from working for any Group Company. The term “Key Employee” means those employees of the Group Companies identified as key employees on Exhibit G. 

  
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 (c) None of the Group Companies is a party to or bound by any currently effective incentive
plan, profit sharing plan, retirement agreement or other employee compensation agreement, other than the ESOP. 
 (d) There has not been,
and there is not now pending or, to the knowledge of the Covenantors, threatened, any strike, union organization activity, lockout, slowdown, picketing, or work stoppage or any unfair labor practice charge against any Group Company. No Group
Companies is bound by or subject to (and none of their assets or properties is bound by or subject to) any written or oral contract, commitment or arrangement with any labor union or any collective bargaining agreements. 

3.20 Exempt Offering. The offer and sale of the Purchased Shares are exempt from the registration requirements of the Act and from the
registration or qualification requirements of any other applicable securities laws and regulations, and the issuance of the Conversion Shares in accordance with the Restated Articles, will be exempt from such registration or qualification
requirements. 
 3.21 No Other Business. Unless otherwise disclosed in the Disclosure Schedule, the Company and the HK Co. were
formed solely to acquire, and/or control the PRC Subsidiaries and since its formation has not engaged in any business and has not incurred any liability in the course of its business of acquiring and controlling the PRC Subsidiaries, except to the
business promotion conducted by the Company overseas, of which expenditures have been reflected in the Last Accounts. Each of the PRC Subsidiaries is engaged solely in the Principal Business and has no other activities. 

3.22 Financial Advisor Fees. Unless otherwise disclosed in the Disclosure Schedule, there exists no agreement or understanding between
any Group Company or any of its Affiliates and any investment bank or other financial advisor under which such Group Company may owe any brokerage, placement or other fees relating to the offer or sale (or conversion) of a Purchased Shares or the
Conversion Shares. The Group Companies have not incurred any liability for any advisory fees, brokerage fees, agents’ fees, commissions or finders’ fees in connection with the consummation of the transactions contemplated hereby. 

3.23 Minutes Books. The minutes books of each Group Company contain a complete summary of all meetings and actions taken by directors
and shareholders or owners of such Group Company since its time of formation, and reflect all transactions referred to in such minutes accurately in all material respects. 

3.24 SAFE Registration. Unless otherwise disclosed in the Disclosure Schedule, each Founder has complied with any and all requirements
and obligations required by PRC authorities under the “Circular of the SAFE on Relevant Issues concerning Foreign Exchange Administration of Financing and Inbound Investment through Offshore Special Purpose Companies by PRC Residents”

 (the “SAFE Cir. 75”) and other PRC laws and regulations relating to foreign exchange control with respect to their holding of the Ordinary Shares, including, but not limited to receiving any approval,
consents and permits from and fulfilling any registration and reporting requirements with the SAFE or its local branch, and other obligations relating to foreign exchange control imposed by the PRC authorities and obtaining any consents, approvals,
permits and registrations required by the PRC authorities in connection therewith. 

  
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 3.25 Other Representations and Warranties Relating to the PRC Subsidiaries. 

(a) The Constitutional Documents and certificates and related contracts and agreements of each PRC Subsidiary are valid and have been duly
approved or issued (as applicable) by competent PRC authorities. 
 (b) All consents, approvals, authorizations or licenses required under
PRC law for the due and proper establishment and operation of each PRC Subsidiary have been duly obtained from the relevant PRC authorities and are in full force and effect. 

(c) Unless otherwise as disclosed in the Disclosure Schedule, all material filings and registrations with the PRC authorities required in
respect of each of the Founders, each PRC Subsidiary and its operations, including but not limited to the registrations with the Ministry of Commerce (or its local branch), the State Administration of Industry and Commerce (or its local branch), the
State Administration for Foreign Exchange (the “SAFE”) (or its local branch), tax bureau, customs authorities, product registration authorities, intellectual property registration authorities and labor authorities have been duly
completed in accordance with the relevant rules and regulations. Unless otherwise as disclosed in the Disclosure Schedule, each PRC Subsidiary has duly obtained any necessary certificates, approvals, and permits (including without limitation tax
registration certificate) from PRC authorities, including but not limited to the Ministry of Industry and Information technology (or its local branch), the Ministry of Culture (or its local branch), the General Administration of Press and
Publication (or its local branch) as required by applicable law to conduct its current business and hold its tangible and intangible assets; and such certificates, approvals and permits have duly reflected the true status of the each PRC Subsidiary
in accordance with applicable law. 
 (d) Unless otherwise as disclosed in the Disclosure Schedule, none of the PRC Subsidiaries is in
receipt of any letter or notice from any relevant authority notifying revocation of any permits or licenses issued to it for noncompliance or the need for compliance or remedial actions in respect of the activities carried out directly or indirectly
by it. 
 (e) Each PRC Subsidiary has been conducting and will conduct its business activities within the permitted scope of business or is
otherwise operating its business in full compliance with all relevant legal requirements and with all requisite licenses, permits and approvals granted by competent PRC authorities. 

  
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 (f) In respect of approvals, licenses or permits requisite for the conduct of any part of the
business of each PRC Subsidiary which are subject to periodic renewal, neither the Company nor any PRC Subsidiary has any reason to believe that such requisite renewals will not be timely granted by the relevant PRC authorities. 

(g) With regard to employment and staff or labor management, unless otherwise as disclosed in the Disclosure Schedule, each PRC Subsidiary
has complied with all applicable PRC laws and regulations in all material respects, including without limitation, laws and regulations pertaining to welfare funds, social benefits, medical benefits, insurance, retirement benefits, and pensions,
unless otherwise as disclosed in the Disclosure Schedule. 
 (h) Any tax exemptions applicable to the PRC Subsidiaries are duly authorized
by the tax authority in accordance with PRC law. 
 3.26 ESOP Shares. Unless otherwise disclosed in the Disclosure Schedule,
10,542,850 Ordinary Shares have been reserved for ESOP and options under ESOP to purchase 9,939,170 Ordinary Shares have been issued prior to the Closing. 

4. REPRESENTATIONS AND WARRANTIES OF THE INVESTOR 

Each of the Investor, jointly and severally, represents and warrants to the Company as follows: 

4.1 Organization, Good Standing and Qualification. Each Investor is duly organized, validly existing and in good standing under the
laws of the jurisdiction of its formation. 
 4.2 Authorization; Enforceability. Each Investor has all requisite power, authority and
capacity to enter into this Agreement and other Transaction Agreements, and to perform its obligations under this Agreement and other Transaction Agreements. This Agreement has been duly authorized, executed and delivered by each Investor. This
Agreement and other Transaction Agreements, when executed and delivered by the Investor, will constitute valid and legally binding obligations of the Investor, enforceable against the Investor in accordance with its terms, subject, as to enforcement
of remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally and to general equitable principles. 

4.3 Accredited Investor. Each Investor is an Accredited Investor within the definition set forth in Rule 501(a) under Regulation D of
the Act. 
 5. COVENANTS OF THE COVENANTORS 

Each of the Covenantors, jointly and severally, covenants to the Investors as follows. The Founders shall procure and cause Tianshengchengye
and its shareholders to comply with the covenants hereof. If Tianshengchengye or its shareholders fails to comply with the covenants hereof, the Investors and any of the Investors’ Affiliates, and any of the Investors’ or its
Affiliates’ officers, directors, employees, or agents shall be indemnified, defended and held harmless pursuant to Section 8 hereof: 

5.1 Use of Proceeds; Account Monitoring. The Group Companies shall use the proceeds from the sale of the Purchased Shares (the
“Proceeds”) for the development, commercialization and reinforcing of mobile social game titles and platform and user platform targeting iOS and Android for the US and China markets, improving working capital for transactions with
telecom operators and expansion of the Group Company’s international business, including but not limited to acquiring assets or equity of entities engaging in the Principal Business, and investing in such entities. 

  
 24 

 5.2 Business of the Company and HK Co. The business of the Company and HK Co. shall be
restricted to the holding, management and disposition of equity interest in the PRC Subsidiaries and other business or activities relating to the Principal Business. 

5.3 Business of the PRC Companies. The business of Chukong shall be restricted to the Principal Business. Without the Board’s
prior written consent, Wan’ai shall not engage in any business or incur any liabilities or obligations from the date of this Agreement. 

5.4 Governance of PRC Subsidiaries. All directors of each PRC Subsidiary and any direct or indirect Subsidiary of the Company shall be
appointed and removed only by the Company, directly or otherwise as permitted by the applicable law, pursuant to action of the board of directors (the “Board”) of the Company. All corporate actions of each PRC Subsidiary and any
direct or indirect Subsidiary of the Company shall be pursuant to action by the Board. 
 5.5 Declaration of Dividends. No dividend
shall be declared prior to the Closing. 
 5.6 Additional Covenants. Except as required by this Agreement, no resolution of the
directors, owners, or shareholders of any Group Company shall be passed, nor shall any contract or commitment be entered into, in each case, prior to the Closing Date without the prior written consent of the Investors, except that each Group Company
may carry on its respective business in the same manner as heretofore and may pass resolutions and enter into contracts for so long as they are effected in the ordinary course of business. 

5.7 Notification of Material Fact. If at any time before the Closing, any Group Company comes to know of any material fact or event
which: 
 (a) is in any way materially inconsistent with any of the representations and warranties given by any Covenantor, 

(b) suggests that any material fact warranted may not be as warranted or may be materially misleading, or 

(c) may affect the willingness of a prudent investor to purchase the Purchased Shares or the amount of consideration which an Investor would
be prepared to pay for the Purchased Shares, such Group Company shall give immediate written notice thereof to the Investors. In such event, the Investors may, within fourteen (14) days of receiving such notice, terminate this Agreement by
written notice without any penalty whatsoever and without prejudice to any rights that the Investors may have under this Agreement or applicable law. In such case, each of the Group Companies shall jointly and severally indemnify the Investors
against all costs, charges and expenses incurred by it in connection with the negotiation, preparation and termination of the Transaction Agreements. 

  
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 5.8 Fulfillment of Closing Conditions. Prior to the Closing, each of the Covenantors shall
use its best efforts to fulfill all closing conditions contained in Section 6 of this Agreement. 
 5.9 SAFE
Registration. Promptly after the Closing and within three (3) months following the Closing, each Founder shall use his or her reasonable best efforts to comply with the registration requirements under SAFE Cir. 75, or any successor rule or
regulation under PRC law, in relation to their respective ownership interest in the Group Companies in connection with the transactions contemplated hereby. 

5.10 U.S. Tax Matters. The Company shall comply and shall cause any entity in which the Company owns an equity interest (directly or
indirectly) to comply on an annual basis with respect to its taxable year with all record-keeping, reporting, and other requirements necessary for the Company and any entity in which the Company owns an equity interest (directly or indirectly) to
comply with any applicable U.S. tax law or to allow any direct or indirect shareholder to avail itself of any provision of U.S. tax law. The Company will also provide any direct or indirect shareholder with any documentation or information requested
by such direct or indirect shareholder to allow such shareholder to comply with U.S. tax law. 
 In connection with the possibility that the Company or any
entity in which the Company owns or proposes to own an equity interest (directly or indirectly) may become a PFIC , the Company will, on an annual basis with respect to its taxable year, comply and will cause any entity in which the Company owns an
equity interest (directly or indirectly) to comply with all record-keeping, reporting, and other requirements so that any direct or indirect shareholder may make and maintain a “qualified electing fund” election under Code
Section 1295 with respect to Company, including but not limited to (1) providing any direct or indirect shareholder within 45 days following the end of the Company’s taxable year with the PFIC Annual Information Statement in the form
and manner required under Regulations section 1.1295-1(g); (2) permitting any direct or indirect shareholder to inspect and copy Company’s books, records, and any other documents maintained by the Company to establish that Company’s
ordinary earnings and net capital gain are computed in accordance with U.S. income tax principles, and to verify these amounts and its pro-rata shares thereof; and (3) providing any direct or indirect shareholder with copies and English
language translations of any documents requested by any direct or indirect shareholder related to its status or obligations as a direct or indirect shareholder of a possible passive foreign investment company 

5.11 Additional Loan to the Group Companies. In the event that the Company or any Group Company is out of working capital or other
capital necessary to maintain the ordinary course of business of the Group Companies prior to the Closing, the Founders shall immediately notify the Investors in writing of such situation. The Founders shall also extend another loan to the Company
or the Group Company necessary for the relevant company’s working capital or capital expenditure as then determined by the Group Companies and the Investors, with the substance and form of the relevant loan agreement being satisfactory to the
Investors. 

  
 26 

 5.12 Completion of Trademark Registration. Chukong shall use its best efforts to obtain
the trademark license for the trademarks listed in Exhibit H attached hereto within six (6) months following the Closing. 

5.13 WFOE’s Ownership of Intellectual Property. WFOE will hold, register or apply for all the Company Proprietary Assets in its
own name, except for those as set forth in Exhibit I hereto and any copyrights of games. In addition, the Group Companies, DIAN, Sun and CHEN, Haozhi shall, as soon as practical and within one (1) month following the Closing, submit
application of the registration for transferring of the Proprietary Assets as set forth in Exhibit H hereto (except domain name www.cocoachina.com and www.appget.cn and registered trademark COCOA) to WFOE. 

5.14 Earn-Out ESOP. 4,852,151 Ordinary Shares (“Earn-Out ESOP”) shall be reserved immediately after the Closing, among
which, 1,617,384 Ordinary Shares shall be reserved for issuance to Chen Haozhi and Liu Guanqun and the remaining 3,234,767 Ordinary Shares shall added to the existing ESOP pool. 

5.15 Filing of Restated Articles. The Company shall, within fifteen (15) Business Days following the Closing, have filed the
Restated Articles, in the form attached as Exhibit C, with the Registrar of Companies in the Cayman Islands and deliver evidence of such filing to the Investors. 

5.16 License and Filings for Chukong and Tianshengchengye. Chukong shall use its best efforts to submit the application for Internet
Publication License

 and to obtain such license before December 31, 2013. Chukong shall use its best efforts to submit the application for adding all of its operational websites on its Telecom and Information Service License

 and Network Culture Operation License

 and to complete such adding before December 31, 2013. Chukong and Tianshengchengye shall use its best efforts to establish branches or subsidiaries in Huabei District, Dongbei District, Huadong District, Zhongnan
District and Xibei District and make filing applications for its value-added telecom service in all provinces where Chukong or Tianshengchengye, as the case may be, has business operation before December 31, 2013. Tianshengchengye shall use its
best efforts to apply for the change of its shareholders to the Ministry of Industry and Information Technology with respect to its Value-added Telecom Services License

 before October 30, 2013. Tianshengchengye shall use its best efforts to apply for the change of tax registration to reflect its most updated shareholdings. 

5.17 Permit for Chengdu Chukong. Chengdu Chukong shall use its best efforts to apply for the Value-added Telecom Services License

 or obtain approval from Beijing branch of Ministry of Industry and Information Technology for conducting value-added telecom services as a subsidiary of Chukong, apply for Network Culture Operation License

 and Internet Publication License

 and shall use its best efforts to obtain such licenses before December 31, 2013. 

  
 27 

 5.18 Transfer of Rights and Obligations of the WFOE. The WFOE shall transfer its rights
and obligations under all the on-line game operation agreements to which it is a party to Chukong and/or Chengdu Chukong before December 31, 2013. 

5.19 Domestic On-line Game Filing. Chukong shall use its best efforts to make filing application for all of its domestic on-line games
to the Ministry of Culture and General Administration of Press and Publication before October 30, 2013 and shall use its best efforts to obtain such filing as soon as practical; Chukong shall mark the filing serial number on obvious places of
such domestic on-line games immediately after obtaining the filing serial numbers. 
 5.20 Imported On-line Game Filing. Chukong
shall use its best efforts to make filing application for all of its imported on-line games to the Ministry of Culture and General Administration of Press and Publication before December 31, 2013 and shall use its best efforts to obtain such
filings as soon as practical. 
 5.21 Filing for Non-operational Website. Chukong shall apply for filings for
“cocospark.com” as a non-operational website with the Ministry of Industry and Information Technology or close such website before September 30, 2013 and shall use its best efforts to obtain such filings as soon as practical. 

5.22 Filings for Leased Properties. The PRC Subsidiaries shall use its best efforts to make filings for their respective leased
properties with local Housing Administration Bureau as soon as possible and within three (3) months following the Closing. 
 5.23
Filings for Finance Registration Certificate. WFOE shall apply for Finance Registration Certificate before December 31, 2013. 

5.24 Advertising Business. Without the prior approval or permission of the relevant Governmental Authority, the Covenantors shall
procure the WFOE not to, and WFOE shall not, conduct any advertisement business that exceeds its business scope. Any advertisement business shall be conducted by Chukong or other Group Company to the extent as permitted by applicable laws. 

5.25 As soon as possible and within twelve (12) months following the Closing, the Company shall provide supporting documents to the
satisfactory of the Investors evidencing that Guangzhou HuoLieNiao Network Technology Co., Ltd.

 has repaid RMB800,000 loan to Chukong. 
 5.26 As soon as possible and within sixty (60) days following
the Closing, the Company shall establish the mechanism with regard to the key performance indicators for the issuance of the Ordinary Shares under Earn-Out ESOP reserved for Chen Haozhi and Liu Guanqun. 

5.27 Anti-Corruption. The Company covenants that it shall not, and shall not permit any of the Group Company, its Subsidiaries or
Affiliates or any of its or their respective directors, officers, managers, employees, independent contractors, representatives or agents to promise, authorize or make any payment to, or otherwise contribute any item of value to, directly or
indirectly, to any third party, including any non-U.S. official, in each case, in violation of the U.S. Foreign Corrupt Practices Act (the “FCPA”), the U.K. Bribery Act, or any other applicable anti-bribery or anti-corruption law.
The Company further covenants that it shall, and shall cause each of the Group Company, its Subsidiaries and Affiliates to cease all of its or their respective activities, as well as remediate any actions taken by the Group Companies, the
Company’s Subsidiaries or Affiliates, or any of their respective directors, officers, managers, employees, independent contractors, representatives or agents in violation of the FCPA, the U.K. Bribery Act, or any other applicable anti-bribery
or anti-corruption law. The Company further covenants that it shall, and shall cause each of the Group Company, its Subsidiaries and Affiliates to maintain systems of internal controls (including, but not limited to, accounting systems, purchasing
systems and billing systems) to ensure compliance with the FCPA, the U.K. Bribery Act, or any other applicable anti-bribery or anti-corruption law. 

  
 28 

 5.28 Execution of a series of agreements. The WFOE, Tianshengchengye, Jia Yan and Hou
Yingtao shall enter into the equity pledge agreement, the loan agreement, the exclusive business cooperation agreement, the exclusive option agreement, the power of attorney, the spousal consent and the nominee letter in form and substance
satisfactory to the Investors as soon as possible and within one (1) month following the Closing. 
 6. CONDITIONS TO
INVESTORS’ OBLIGATIONS AT THE CLOSING. 
 The obligations of the Investors to purchase its Purchased Shares at the Closing is
subject to the fulfillment, to the satisfaction of the Investors on or prior to the Closing Date, or waiver in writing by the Investors, of the following conditions: 

6.1 Representations and Warranties True and Correct. The representations and warranties made by each of the Covenantors in
Section 3 hereof shall be true, correct and complete when made and on the Closing Date with the same force and effect as if they had been made on and as on such date (except as otherwise specified therein). 

6.2 Performance of Obligations. Each of the Covenantors shall have performed and complied with all agreements, covenants, obligations
and conditions contained in the Transaction Agreements that are required to be performed or complied with by it on or before the Closing Date. 

6.3 Proceedings and Documents. All corporate and other proceedings in connection with the transactions contemplated under this
Agreement the Transaction Agreements and all documents and instruments incident to such transactions shall be satisfactory in substance and form to the Investors, and the Investors shall have received all such counterpart originals or certified or
other copies of such documents as it may reasonably request. 
 6.4 Approvals, Consents and Waivers. Each Group Company shall have
obtained any and all approvals, consents and waivers necessary for consummation of the transactions contemplated under the Transaction Agreements, including, but not limited to, all permits, authorizations, approvals, consents or permits of any
governmental authority or regulatory body in connection with the issuance of the Purchased Shares at Closing. 

  
 29 

 6.5 Compliance Certificate. Each Group Company shall have delivered a certificate to the
Investors, dated the Closing Date, signed by its respective president or director, and in case of PRC Subsidiaries, signed by its respective legal representatives, certifying that the conditions specified in Section 6 have been fulfilled
and stating that there has been no Material Adverse Effect since the date of this Agreement. 
 6.6 Execution of the Shareholders
Agreement. The Company shall have delivered the Shareholders Agreement to the Investors, in the form attached as Exhibit F, duly executed by the Company and all other parties thereto (except for the Investors). 

6.7 Register of Members. The Investors shall have received a copy of the register of members of the Company, certified by the
registered agent of the Company as true and complete as on the Closing Date, updated to show the Investors as the holder of the Purchased Shares as on the Closing Date. 

6.8 Due Diligence. The Investors shall have completed their legal, financial, technical and business due diligence investigation of the
Group Companies to their satisfaction. 
 6.9 No Material Adverse Effect. There shall have been no Material Adverse Effect since the
date of this Agreement. 
 6.10 Employment Agreement, Non-Compete, Confidentiality and Invention Assignment. Prior to the Closing,
each employee of each Group Company shall have duly entered into an employment agreement with the relevant company. Furthermore, each Key Employee shall have entered into an employment agreement with the relevant Group Company in such form and
substance satisfactory to the Investors. Such employment agreement shall contain effective provisions regarding the employee’s obligations on non-compete, confidentiality and invention assignment in such form and substance satisfactory to the
Investors. 
 6.11 Key Employees’ Non-compete Letter. Prior to the Closing, each Key Employee shall have duly entered into a
non-compete and full-time undertaking letter with the Company and the Investors in the form attached hereto as Exhibit J. 
 6.12
Mark of the Serial Number of Network Culture Operation License. Chukong shall mark the serial number of its Network Culture Operation License on all of its websites printed on the Network Culture Operation License prior to the Closing Date.

 6.13 Indemnification Agreements. The Company shall have executed and delivered to the Series D Lead Investor an indemnification
agreement in respect of the director of the Company to be appointed by the Series D Lead Investor in the form attached hereto as Exhibit K. 

6.14 Board of the Company and HK Co. Each of the Company and HK Co. shall have a board of directors composed of eight
(8) directors, among which one (1) director shall be appointed by Northern Light Venture Capital II, Ltd. (the “Series A Director”), one (1) director shall be appointed by Steamboat Ventures V, L.P. (the
“Series B Director”), one(1) director shall be appointed by the Series C Lead Investor (the “Series C Director”), one (1) director shall be appointed by the Series D Lead Investor (the “Series D
Director”), and four (4) directors be appointed by the holders of the Ordinary Shares. An updated register of directors of each of the Company and HK Co. certified by the registered agent of each of the Company and HK Co. shall have
been delivered to the Investors. 

  
 30 

 6.15 Board of the PRC Subsidiaries. The amendments to articles of association, or the new
articles of association of the PRC Subsidiaries, the Appointment Letters for new directors and shareholders’ resolution of each of the PRC Subsidiaries reflecting the composition of the boards of directors and the quorum and voting mechanism of
such PRC Subsidiaries being identical to that of the board of directors of the Company shall have been delivered to the Investors according to this Agreement prior to Closing. 

6.16 Opinion of Counsels. The Investor has received legal opinions addressed to the Investors from the PRC, and Cayman Islands counsel
to the Group Companies, each dated the Closing Date, in form and substance satisfactory to the Investors. 
 6.17 Submission of Business
Plan. The Group Companies have submitted a detailed business plan and budget for the twelve (12) months following the Closing, which is satisfactory to the Investors. 

6.18 Approval from Investment Committee. Each of the Investor has obtained the approval from its respective investment committees in
respect of the transactions contemplated under this Agreement and the Transaction Agreements, including a management presentation by the Founders and the key management of the PRC Companies to such Investor’s investment committees. 

6.19 Financial Reports. The Group Companies have submitted to the Investors unaudited financial statements of the PRC Companies for the
period ended July 31, 2013. 
 6.20 Management Rights Letter. The Group Companies shall have delivered to the Investors a
management rights letter, duly executed by the Group Companies, in form and substance satisfactory to the Investors. 
 6.21 Approval by
the sole director of the BVI Companies. Each of the sole director of the BVI Companies has duly approved the transactions contemplated under this Agreement and the Transaction Agreements. 

7. CONDITIONS TO GROUP COMPANIES’ OBLIGATIONS AT THE CLOSING 

The obligations of the Group Companies under this Agreement with respect to the Investors are subject to the fulfillment, or waiver in writing
by the Investors, at or before the Closing, of the following conditions: 
 7.1 Representations and Warranties. The representations
and warranties of the Investors contained in Section 4 hereof shall be true, correct and complete in all material respects as on the Closing Date. 

  
 31 

 7.2 Payment of Purchase Price. The Investors have delivered to the Company evidence of
irrevocable wire instructions reflecting payment of the Series D Purchase Price in accordance with Section 2. 
 7.3
Execution of the Shareholders Agreement. The Investors have executed and delivered to the Company the Shareholders Agreement. 
 8.
INDEMNIFICATION 
 8.1 Survival of Representations and Warranties. The representations and warranties made herein shall
survive the Closing. 
 8.2 Indemnification. From and after the Closing Date, the Covenantors shall, jointly and severally,
indemnify, defend and hold harmless the Investors and any of the Investors’ Affiliates, and any of the Investors’ or its Affiliates’ officers, directors, employees, or agents (the “Indemnified Parties”), from and
against any and all Losses (as defined below), subject to the Indemnification Cap (as defined below), arising out of, relating to, connected with or incidental to: (i) any breach of any representation or warranty made by any of the Covenantors
in the Transaction Agreements, (ii) any failure by the Covenantors to comply with any covenant or agreement contained in the Transaction Agreements (other than the covenant made under the Section 5.26 hereunder) or in any other documents
or agreements contemplated hereby or thereby, and (iii) untimely filing of tax returns, delay in tax payments, and underpaid or overdue tax payments by any Group Company in respect of the individual income tax withholding obligations of any
Group Company, provided, however, that the Investors shall firstly require the Covenantors other than the Founders to indemnify them according to this Section 8. The agreements in this Section 8 shall survive
any termination of this Agreement. 
 8.3 Definition of Losses and Indemnification Cap. As used in this Agreement,
“Losses” means all losses, liabilities, damages, deficiencies, diminution in value, suits, debts, obligations, interest, penalties, expenses, judgments or settlements of any nature or kind, including all costs and expenses related
thereto, including without limitation reasonable attorneys’ fees and disbursements, court costs, amounts paid in settlement and expenses of investigation, whether at law or in equity, whether known or unknown, foreseen or unforeseen, of any
kind or nature. As used in this Agreement, “Indemnification Cap” shall mean the respective purchase price actually paid by the Investors for the subscription of the Series D Preferred Shares at the Closing. 

8.4 Founders’ Specific Indemnification. The Founders shall jointly and severally indemnify the Group Companies from and against
the Losses the Group Companies may suffer resulting from, arising out of, relating to or caused by the Founder’s personal liability-related disputes, litigations or proceedings involving or having an adverse impact on any of the Group
Companies. In fulfilling the aforesaid indemnification liabilities, any Founder shall have the discretion to choose either his respective equity interest in the Group Companies or other non-stock assets owned by such Founder for the indemnification,
provided that the fair market value of the equity interest in the Group Companies or the non-stock assets held by such Founder shall be determined by an independent appraiser selected jointly by the Indemnified Parties and such indemnifying Founder.

  
 32 

 9. CONFIDENTIALITY AND NON-DISCLOSURE 

9.1 Disclosure of Terms. The terms and conditions of this Agreement, the other Transaction Agreements and all exhibits and schedules
attached hereto and thereto (collectively, the “Financing Terms”), including their existence, shall be considered confidential information and shall not be disclosed by any party hereto to any third party except in accordance with
the provisions set forth below. 
 9.2 Press Releases. The Investors may, at their option and in their sole and absolute discretion,
issue a press release disclosing that the Investors have invested in the Group Companies. Such press release may provide the details of such investment. If any Investor exercises the option to issue a press release, which exercise shall occur prior
to the Closing Date, such release shall be the only press release issued relating to such financing, and the Investor’s delay in issuing or failing to issue a release after exercise of this option or immediately following the Closing Date shall
not be a waiver of the Investor’s right set forth herein. If the Investors do not exercise the option to issue a press release, then within sixty (60) days after the Closing Date, the Group Companies may issue a press release disclosing
that the Investors have invested in the Group Companies, provided that (a) the press release does not disclose the amount or terms of the investment; and (b) the final form of the press release is approved in advance in writing by the
Investors. The names of the Investors and the fact that the Investors are the shareholders of the Group Companies can be included in a reusable press release boiler statement, so long as the Investors have given the Group Companies its initial
approval of such boilerplate statement and the boilerplate statement is reproduced in exactly the form in which it was approved. No other announcement regarding the Financing Terms or the Investors in a press release, conference, advertisement,
announcement, professional or trade publication, mass marketing materials or otherwise to the general public may be made without the prior written consent of the Investors. 

9.3 Permitted Disclosures. Notwithstanding the foregoing, 

(a) any party may disclose any of the Financing Terms to its current or bona fide prospective investors, employees, investment bankers,
lenders, accountants and attorneys, in each case only where such persons or entities are under appropriate nondisclosure obligations; 

(i) The Investors may disclose their investment in the Group Companies and the Financing Terms of their investment to third
parties or to the public at their sole discretion and, if they do so, the Group Companies may disclose to third parties any such information disclosed in a press release or other public announcement by the Investors; 

(ii) The Investors are entitled to disclose to any bona fide proposed transferee of shares any information, documents or
materials known to or in the possession of the Investors, and the Group Companies shall provide any assistance or cooperation reasonably requested by the Investors or any proposed transferee in connection with such proposed transferee’s due
diligence investigation of the Group Companies; and 
 (iii) The directors designated by the Investors shall be entitled to
disclose the Financing Terms and other information related to the Group Companies for the purposes of fund reporting or inter-fund reporting or to the Investors’ fund manager, other funds managed by the Investors’ fund manager and their
respective auditors, counsel, directors, officers, employees, lenders, shareholders or investors. 

  
 33 

 9.4 Legally Compelled Disclosure. In the event that any party is requested or becomes
legally compelled (including without limitation, pursuant to securities laws and regulations) to disclose the existence of this Agreement or any of the Financing Terms in contravention of the provisions of this Section 9, such party (the
“Disclosing Party”) shall provide the other parties with prompt written notice of that fact so that the appropriate party may seek (with the cooperation and reasonable efforts of the other parties) a protective order, confidential
treatment or other appropriate remedy. In such event, the Disclosing Party shall furnish only that portion of the information which is legally required and shall exercise its best efforts (and cooperate with the other parties’ efforts) to
obtain confidential treatment of materials so disclosed. 
 10. MISCELLANEOUS 

10.1 Governing Law. This Agreement shall be governed by and construed exclusively in accordance with the laws of Hong Kong. 

10.2 Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be
binding upon, the successors, permitted assigns, heirs, executors and administrators of the parties hereto whose rights or obligations hereunder are affected by such amendments. This Agreement and the rights and obligations herein may be assigned by
the Investors to any Affiliate of the Investors after the Closing. None of the Group Companies may assign its rights or delegate its obligations under this Agreement without the written consent of the Investors. 

10.3 Entire Agreement. This Agreement, the Shareholders Agreement, any other Transaction Agreements, and the schedules and exhibits
hereto and thereto, which are hereby expressly incorporated herein by this reference constitute the entire understanding and agreement among the parties with regard to the subjects hereof and thereof; provided, however, that nothing in
this Agreement or related agreements shall be deemed to terminate or supersede the provisions of any confidentiality and nondisclosure agreements executed by the parties hereto prior to the date hereof, which agreements shall continue in full force
and effect until terminated in accordance with their respective terms. 
 10.4 Notices. Any notice required or permitted pursuant to
this Agreement shall be given in writing and in English and shall be given either personally or by sending it by express courier service, fax, electronic mail or similar means to the address as shown below the signature of such party on the
signature page of this Agreement (or at such other address as such party may designate by fifteen (15) days’ advance written notice to the other parties to this Agreement given in accordance with this Section 10.4). Where a
notice is sent by express courier service, service of the notice shall be deemed to be effected by properly addressing, pre-paying and sending by express service through an internationally-recognized courier a letter containing the notice, with a
confirmation of delivery, and to have been effected at the expiration of three (3) days after the letter containing the same is sent as aforesaid. Where a notice is sent by fax or electronic mail, service of the notice shall be deemed to be
effected by properly addressing, and sending such notice through a transmitting organization, with a written confirmation of delivery, and to have been effected on the day the same is sent as aforesaid. 

  
 34 

 10.5 Amendments and Waivers. Any term of this Agreement may be amended only with the
written consent of the Company, the HK Co., the PRC Subsidiaries, the Founders, the BVI Companies and the Investors. Any amendment or waiver effected in accordance with this Section 10.5 shall be binding upon the Company, the HK Co., the
PRC Subsidiaries, the Founders, the Investors and their respective assigns. 
 10.6 Interpretation; Titles and Subtitles. This
Agreement shall be construed according to its fair language. The rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in interpreting this Agreement. The titles of the sections and
subsections of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement. Unless otherwise expressly provided herein, all references to Sections and Exhibits herein are to Sections and Exhibits of
this Agreement. 
 10.7 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an
original, but all of which together shall constitute one instrument. Facsimile and e-mailed copies of signatures shall be deemed to be originals for purposes of the effectiveness of this Agreement. 

10.8 Severability. If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall be construed,
to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would
save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits intended by the parties. In such event, the parties shall
use best efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most nearly effects the parties’ intent in entering into this Agreement. 

10.9 Further Assurances. Each party shall from time to time and at all times hereafter make, do, execute, or cause or procure to be
made, done and executed such further acts, deeds, conveyances, consents and assurances without further consideration, which may reasonably be required to effect the transactions contemplated by this Agreement and any other Transaction Agreements.

 10.10 Dispute Resolution. 

(a) Negotiation Between Parties. The parties agree to negotiate in good faith to resolve any dispute between them regarding this
Agreement. If the negotiations do not resolve the dispute to the reasonable satisfaction of all parties within thirty (30) days, Section 10.11(b) shall apply. 

  
 35 

 (b) Arbitration. In the event the parties are unable to settle a dispute between them
regarding this Agreement in accordance with subsection (a) above, such dispute shall he referred to and finally settled by arbitration at the Hong Kong International Arbitration Centre (the “Centre”) in accordance with the
UNCITRAL Arbitration Rules in effect, which rules are deemed to be incorporated by reference into this subsection (b). The arbitration tribunal shall consist of three arbitrators; one of whom shall be appointed by the Investors, one of whom shall be
appointed by the Group Companies, and the third arbitrator, who shall be the presiding arbitrator, shall be appointed by the Centre. The language of the arbitration shall be English. 

10.11 Expenses. If the Closing occurs, the Group Companies shall reimburse the Investors, for the legal and financial, internal
administrative and other out-of-pocket expenses incurred by the Investors, including but without limitation, the costs and expenses incurred by the Investors in conducting due diligence on the Group Companies and in preparing, negotiating,
translating and executing all documents (including but not limited to the expenses of the Investors’ outside legal counsel, accountants and other advisers and any translation, notarization and legalization expenses necessary for PRC government
approval). The Group Companies shall also reimburse the Investors for any and all reasonable expenses of the Investors’ outside legal counsel incurred after the Closing, including but not limited to expenses relating to document review, notice,
waiver or amendments of investor rights. The aforesaid expenses and costs payable to Investors shall be capped to US$80,000 in any case. 

10.12 Termination. This Agreement may be terminated by the Investors on or after six months upon the date hereof, by written notice to
the Group Companies, if the Closing has not occurred on or prior to such date. In the event of termination of this Agreement, this Agreement shall become null and void, and be of no further force and effect, except that the parties shall continue to
be bound by the provisions of Sections 8, 9, and 10 hereof. Nothing in this section shall be deemed to release any party from any liability for any breach of this Agreement prior to the effective date of such termination. Any
termination under this Section 10.13 shall be without prejudice to any claims for damages or other remedies that the parties may have under this Agreement or applicable law. 

10.13 Rights Cumulative. Each and all of the various rights, powers and remedies of a party hereto shall be considered to be cumulative
with and in addition to any other rights, powers and remedies which such party may have at law or in equity in the event of the breach of any of the terms of this Agreement. The exercise or partial exercise of any right, power or remedy will neither
constitute the exclusive election thereof nor the waiver of any other right, power or remedy available to such party. 
 10.14 No
Waiver. Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof will not be deemed a waiver of such term, covenant, or condition, nor will any waiver or relinquishment of, or failure to insist upon strict
compliance with, any right, power or remedy power hereunder at any one or more times be deemed a waiver or relinquishment of such right, power or remedy at any other time or times. 

10.15 No Presumption. The parties acknowledge that any applicable law that would require interpretation of any claimed ambiguities in
this Agreement against the party that drafted it has no application and is expressly waived. If any claim is made by a party relating to any conflict, omission or ambiguity in the provisions of this Agreement, no presumption or burden of proof or
persuasion shall be implied because this Agreement was prepared by or at the request of any party or its counsel. 

  
 36 

 10.16 Specific Performance. Each of the parties hereto recognizes and acknowledges that a
breach by it of any covenants or agreements contained in this Agreement will cause the other party to sustain damage for which it would not have an adequate remedy at law for money damages, and therefore each of the parties hereto agrees that in the
event of any such breach the aggrieved party shall be entitled to the remedy of specific performance of such covenants and agreements and injunctive and other equitable relief in addition to any other remedy to which it may be entitled, at law or in
equity. 
 REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK 

  
 37 

 IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized
representatives to execute this Agreement as a deed on the date and year first above written. 
 REMAINDER OF THIS PAGE LEFT
INTENTIONALLY BLANK 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Directouch Holdings Limited 
 (Incorporated in the Cayman
Islands) 
  

							
	 /s/ CHEN Haozhi
	 		 		 	   (seal affixed)
		 		 	
	Authorised Signatory	 		 		 	
	Name: CHEN Haozhi

	 		 		 	
	Title:   Director	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Signed, sealed and delivered as a deed by 

Directouch Management Limited 
 (Incorporated in Hong
Kong) 
  

							
	 /s/ CHEN Haozhi
	 		 		 	   (seal affixed)
		 		 	
	Authorised Signatory	 		 		 	
	Name: CHEN Haozhi

	 		 		 	
	Title:   Director	 		 		 	

 Address: Address: Room 2001, I7/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Beijing Chukong Aipu Technology Co., Ltd. 
 

 
 (Incorporated in the PRC) 
  

							
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed) 

		 		 	
	Authorised Signatory	 		 		 	
	Name: CHEN Haozhi

	 		 		 	
	Title:   Legal Representative	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Beijing Chukong Technology Co., Ltd. 
 

 
 (Incorporated in the PRC) 
  

							
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed) 

		 		 	
	Authorised Signatory	 		 		 	
	Name: CHEN Haozhi

	 		 		 	
	Title:   Legal Representative	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Beijing Wan’ai Technology Co., Ltd. 
 

 
 (Incorporated in the PRC) 
  

							
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed) 

		 		 	
	Authorised Signatory	 		 		 	
	Name: CHEN Haozhi

	 		 		 	
	Title:   Legal Representative	 		 		 	

 Address: Room 501S, 5/F, No. 36 Chuan.gye Thong Road, Haidian District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Chengdu Chukong Technology Co., Ltd. 
 

 
 (Incorporated in the PRC) 
  

							
	 /s/ LIU Guanqun
	 		 		 	 (seal affixed) 

		 		 	
	Authorised Signatory	 		 		 	
	Name: LIU Guanqun

	 		 		 	

 Address: Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Xiamen Yaji Software Co., Ltd. 
 

 
 (Incorporated in the PRC) 
  

							
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed) 

		 		 	
	Authorised Signatory	 		 		 	
	Name: CHEN Haozhi

	 		 		 	
	Title:   Legal Representative	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Beijing Tianshengchengye Information Technology Co., Ltd. 
 

 
 (Incorporated in the PRC) 
  

							
	 /s/ CHEN Haozhi
	 		 		 	 (seal affixed) 

		 		 	
	Authorised Signatory	 		 		 	
	Name: CHEN Haozhi

	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Directouch Success Partners Limited 
 (Incorporated in the
British Virgin Islands) 
  

							
	 /s/ MA Fei
	 		 		 	     (seal affixed)
		 		 	
	Authorised Signatory	 		 		 	
	Name: MA Fei

	 		 		 	
	Title:   Sole Shareholder	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Directouch Group Limited 
 (Incorporated in the British
Virgin Islands) 
  

							
	 /s/ CHEN Haozhi
	 		 		 	     (seal affixed)
		 		 	
	Authorised Signatory	 		 		 	
	Name: CHEN Haozhi

	 		 		 	
	Title:   Sol Shareholder	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Directouch Development Group Limited 
 (Incorporated in
the British Virgin Islands) 
  

							
	 /s/ LIU Guanqun
	 		 		 	     (seal affixed)
		 		 	
	Authorised Signatory	 		 		 	
	Name: LIU Guanqun

	 		 		 	
	Title:   Sole Shareholder	 		 		 	

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Signed. sealed and delivered as a deed by 

MA Fei 

 
  

	
	 /s/ MA Fei

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Signed. sealed and delivered as a deed by 

CHEN Haozhi 

 
  

	
	 /s/ CHEN Haozhi

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Signed. sealed and delivered as a deed by 

LIU Guanqun 

 
  

	
	 /s/ LIU Guanqun

 Address: Room 2001, 17/F, Building 3, No. 6, Futong East Street, Chaoyang District, Beijing 

 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Brightfish Investment Ltd 
 (Incorporated in the Cayman
Islands) 
  

	
	 /s/ Authorised Signatory

	Authorised Signatory
	Name:

 Address: 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands 

with a copy to 
 Address: Suites 1702-03, 17/F, One Exchange
Square, 8 Connaught Place, Central, Hong Kong 
 Attn: Director 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 
  

			
	GGV CAPITAL IV L.P.
	By:	 	GGV Capital IV L.L.C., its General Partner

			
		
	By:	 	 /s/ Hany Nada

	Name:	 	Hany Nada
	Title:	 	Managing Director

  

			
	Address:	  	2494 Sand Hill Road, Suite 100
		  	Menlo Park, CA 94025, U.S.A.
	Attn:	  	Stephen Hyndman

 with a copy to 
  

			
	Address:	  	Unit 3501, IFC II,
		  	8 Century Avenue
		  	Shanghai 200120, P. R. C
	Attn:	  	Jenny Lee

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 
  

			
	GGV CAPITAL IV ENTREPRENEURS FUND L.P.
	By:	 	GGV Capital IV L.L.C., its General Partner

			
		
	By:	 	 /s/ Hany Nada

	Name:	 	Hany Nada
	Title:	 	Managing Director

  

			
	Address:	  	2494 Sand Hill Road, Suite 100
		  	Menlo Park, CA 94025, U.S.A.
	Attn:	  	Stephen Hyndman

 with a copy to 
  

			
	Address:	  	Unit 3501, IFC II,
		  	8 Century Avenue
		  	Shanghai 200120, P. R. C
	Attn:	  	Jenny Lee

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 
  

			
	GGV CT Limited
		
	By:	 	 /s/ Lee Hong Wei, Jenny

	Name:	 	Lee Hong Wei, Jenny
	Title:	 	Director

  

			
	Address:	  	2494 Sand Hill Road, Suite 100
		  	Menlo Park, CA 94025, U.S.A.
	Attn:	  	Stephen Hyndman

 with a copy to 
  

			
	Address:	  	Unit 3501, IFC II,
		  	8 Century Avenue
		  	Shanghai 200120, P. R. C
	Attn:	  	Jenny Lee

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

									
	 Steamboat Ventures V, L.P.
  

	(Incorporated in Cayman Islands)	 		 		 	
					
	By:	 	Steamboat Ventures Manager V, L.P.	 		 		 	
	Its:	 	General Partner	 		 		 	
					
	By:	 	Steamboat Ventures GP V, Ltd.	 		 		 	
	Its:	 	General Partner	 		 		 	 (seal affixed) 

									
				
	 /s/ Liping Fan
	 		 		 	
	Authorised Signature	 		 		 	
	Name:	 	Liping Fan	 		 		 	
	Capacity:	 	Director	 		 		 	

  

			
	Address:	  	3601 West Olive Avenue, Suite 650
		  	Burbank, CA 91505, USA

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 Executed as a deed by 

Northern Light Venture Capital 11, Ltd. 
 (Incorporated in
Cayman Islands) 
  

	
	
	 (seal affixed) 

 

			
	 /s/ Jeffrey D. Lee

	Authorised Signatory
	Name:	 	Jeffrey D. Lee
	Capacity:	 	Director

 Address: Suite 1720, Hutchison House, 10 Harcourt Road, Central, Hong Kong 

  
 SIGNATURE PAGE TO
SERIES D PREFERRED SHARE PURCHASE AGREEMENT 

 LIST OF EXHIBITS 

 

			
	Exhibit A	  	Schedule of Founders
		
	Exhibit B	  	Schedule of Investors
		
	Exhibit C	  	Restated Articles
		
	Exhibit D	  	Disclosure Schedule
		
	Exhibit E	  	Fully-Diluted Share Capital of the Company upon Closing
		
	Exhibit F	  	Shareholders Agreement
		
	Exhibit G	  	List of Key Employees
		
	Exhibit H	  	List of Trademark License
		
	Exhibit I	  	List of Intellectual Properties held by the certain individuals and Group Company other than WFOE
		
	Exhibit J	  	Founders’ Non-compete and Full-time Undertaking Letter
		
	Exhibit K	  	Indemnification Agreement

 Exhibit A Schedule of Founders 

 

									
	 Founders
	  	Number of Ordinary Shares
Prior to Closing	 	  	Number of Ordinary Shares
Upon Closing	 
	 CHEN Haozhi
	  	 	22,500,000	  	  	 	22,500,000	  
	 LIU Guanqun
	  	 	22,500,000	  	  	 	22,500,000	  
	 MA Fei
	  	 	5,000,000	  	  	 	5,000,000	  
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	50,000,000	  	  	 	50,000,000	  
		  	  
	  
	 	  	  
	  
	 

 Exhibit B Schedule of Investors 

 

									
	 Investors
	  	Number of Series D
Preferred Shares	 	  	Consideration for Series D
Preferred Shares	 
	 Brightfish Investment Ltd
	  	 	11,159,948	  	  	US$	34,500,000	  
	 GGV Capital IV L.P.
	  	 	2,850,843	  	  	US$	8,813,130.12	  
	 GGV Capital IV Entrepreneurs Fund L.P.
	  	 	60,448	  	  	US$	186,869.88	  
	 GGV CT Limited
	  	 	646,954	  	  	US$	2,000,000	  
	 Steamboat Ventures V, L.P.
	  	 	970,430	  	  	US$	3,000,000	  
	 Northern Light Venture Capital II, Ltd.
	  	 	485,215	  	  	US$	1,500,000	  
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	16,173,838	  	  	US$	50,000,000	  
		  	  
	  
	 	  	  
	  
	 

 Exhibit E Fully-Diluted Share Capital of the Company upon Closing 

 

											
	 Shareholders
	  	 Number of Shares
	  	Percentage of
Shareholding
Upon Closing
(with ESOP)	 	 	Percentage of
Shareholding Upon
Closing
(without ESOP)	 
	 The Founders
	  		  				 			
	 CHEN Haozhi
	  	 22,500,000 Ordinary Shares
	  	 	14.05	% 	 	 	15.55	% 
	 LIU Guanqun
	  	 22,500,000 Ordinary Shares
	  	 	14.05	% 	 	 	15.55	% 
	 MA Fei
	  	 5,000,000 Ordinary Shares
	  	 	3.12	% 	 	 	3.45	% 
	 The Investors
	  		  				 			
	 Northern Light Venture Capital II, Ltd.
	  	 14,285,700 Series A Preferred Shares
	  	 	8.92	% 	 	 	9.87	% 
	 Northern Light Venture Capital II, Ltd.
	  	 8,095,960 Series B Preferred Shares
	  	 	5.06	% 	 	 	5.59	% 
	 Northern Light Venture Capital II, Ltd.
	  	 7,822,418 Series C Preferred Shares
	  	 	4.89	% 	 	 	5.40	% 
	 Northern Light Venture Capital II, Ltd.
	  	 485,215 Series D Preferred Shares
	  	 	0.30	% 	 	 	0.34	% 
	 Steamboat Ventures V, L.P.
	  	 13,636,364 Series B Preferred Shares
	  	 	8.52	% 	 	 	9.42	% 
	 Steamboat Ventures V, L.P.
	  	 3,671,747 Series C Preferred Shares
	  	 	2.29	% 	 	 	2.54	% 
	 Steamboat Ventures V, L.P.
	  	 970,430 Series D Preferred Shares
	  	 	0.61	% 	 	 	0.67	% 
	 Sequoia Capital 2010 CV Holdco, Ltd.
	  	 10,227,273 Series B Preferred Shares
	  	 	6.39	% 	 	 	7.07	% 
	 Sequoia Capital 2010 CV Holdco, Ltd.
	  	 2,713,900 Series C Preferred Shares
	  	 	1.69	% 	 	 	1.88	% 
	 GGV Capital IV L.P.
	  	 14,225,712 Series C Preferred Shares
	  	 	8.88	% 	 	 	9.83	% 
	 GGV Capital IV Entrepreneurs Fund L.P.
	  	 301,636 Series C Preferred Shares
	  	 	0.19	% 	 	 	0.21	% 
	 GGV Capital IV L.P.
	  	 2,850,843 Series D Preferred Shares
	  	 	1.78	% 	 	 	1.97	% 
	 GGV Capital IV Entrepreneurs Fund L.P.
	  	 60,448 Series D Preferred Shares
	  	 	0.04	% 	 	 	0.04	% 
	 GGV CT Limited
	  	 646,954 Series D Preferred Shares
	  	 	0.40	% 	 	 	0.45	% 

											
	 Shareholders
	  	 Number of Shares
	  	Percentage of
Shareholding
Upon Closing
(with ESOP)	 	 	Percentage of
Shareholding Upon
Closing
(without ESOP)	 
	 Brightfish Investment Ltd
	  	 11,159,948 Series D Preferred Shares
	  	 	6.97	% 	 	 	7.71	% 
	 ESOP
	  	 10,542,850 Ordinary Shares
	  	 	6.58	% 	 	 	—  	  
	 Series D ESOP
	  	 4,852,151 Ordinary Shares
	  	 	3.03	% 	 	 	—  	  
	 Warrant to NLVC
	  	 3,571,450 Series A Preferred Shares, pursuant to the Warrant, amounting to an aggregate warrant price of US$300,000
	  	 	2.23	% 	 	 	2.47	% 
		  	  
	  	  
	  
	 	 	  
	  
	 
	 TOTAL
	  	160,120,999	  	 	100	% 	 	 	100	% 
		  	  
	  	  
	  
	 	 	  
	  
	 

 Exhibit G List of Key Employees 

 
 

 

 Exhibit H List of Trademark License 

List of Trademark needs license from third parties 
  

					
	 Logo
	 	 Application Number
	 	 Catalogue

			
		 	9739330	 	42
			
		 	9710222	 	41
			
		 	9710202	 	41
			
		 	9832769	 	41
			
		 	8124115	 	9

 Exhibit I List of Intellectual Properties held by certain individuals and Group Company other
than WFOE 
 The following Intellectual Properties are registered under name of Chukong: 

 

			
	 Category
	 	 Name

		
	Trademark	 	Application Number: 9149239
		
	Trademark	 	Application Number: 9719774
		
	Trademark	 	Application Number: 9719803
		
	Trademark	 	Application Number: 9330269
		
	Trademark	 	Application Number: 9330310
		
	Trademark	 	Application Number: 9710152
		
	Trademark	 	Application Number: 10545474
		
	Trademark	 	Application Number: 10545446
		
	Trademark	 	Application Number: 10545434
		
	Trademark	 	Application Number: 10545401
		
	Trademark	 	Application Number: 10545395
	Domain Name	 	COCOACHINA.COM
	Domain Name	 	dajiaotong.cn
	Domain Name	 	cocimg.com
	Domain Name	 	newapp.cn
	Domain Name	 	appget.cn

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