Document:

EX-4.5

 Exhibit 4.5 

VOTING AGREEMENT 
 This Voting Agreement
(this “Agreement”) is made and entered into as of July 15, 2019 by and among: 
 (1)    Chaohui
Chen (陈朝晖), whose *** identification number is *****; 
 (2)    Zhiping Peng
(彭智平), whose *** identification number is ***** ((1) and (2) collectively, the “Founders”); 

(3)    Wen Gao (高文), whose *** identification number is *****; 

(4)    Zhu Tan (谭竹), whose *** identification number is *****; 

(5)    Zhigang Du (杜志刚), whose *** identification number is *****; 

(6)    Zhongqi Kuang (况忠琪), whose *** identification number is *****; 

(7)    Shubao Pei (裴书宝), whose *** identification number is *****; 

(8)    Xuesong Ren (任雪松), whose *** passport number is *****; 

(9)    Yimeng Shi (石义猛), whose *** passport number is ***** ((1) through (9) collectively, the
“Holders”); and 
 (10)    UCLOUDLINK GROUP INC., a Cayman Islands company (the
“Company,” and, together with the Holders, the “Parties”). 
 WHEREAS, 

Reference is made to the ordinary shares and other equity securities of the Company, or securities or other obligations exercisable or
exchangeable for, or convertible into equity securities of the Company, any options, warrants or other rights to acquire equity securities of the Company, and any American Depository Shares, depository receipts or similar instruments issued in
respect of the equity securities of the Company (the “Shares”). 
 Any and all Shares beneficially owned by the Holders
and/or their respective Affiliates as of the date of this Agreement, and any and all additional Shares acquired by the Holders and/or their respective Affiliates from time to time after the date hereof through any and all means, including, without
limitation, through any share split, share dividend, recapitalization, reorganization, or the like, are collectively referred to as the “Subject Shares.” 

  
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 “Affiliate” in this Agreement means in respect of a Person, any other
Person that, directly or indirectly, through one (1) or more intermediaries, controls, is controlled by, or is under common control with, such Person, and (i) in the case of a natural person, shall include, without limitation, such
person’s spouse, parents, children, siblings, mother-in-law, father-in-law, brothers-in-law and sisters-in-law, a trust for the benefit of any of the foregoing, and a
corporation, partnership or any other entity wholly or jointly owned by any of the foregoing, and (ii) in the case of an entity, shall include a partnership, a corporation or any other entity or any natural person which directly, or indirectly
through one or more intermediaries, controls, is controlled by, or is under common control with, such entity. The term “control” shall mean the ownership, directly or indirectly, of shares possessing more than fifty per cent (50%) of the
voting power of the corporation, partnership or other entity (other than, in the case of a corporation, securities having such power only by reason of the happening of a contingency), or having the power to control the management or elect a majority
of members to the board of directors or equivalent decision-making body of such corporation, partnership or other entity. 
 THEREFORE, 

In consideration of the representations, warranties, covenants and agreements set forth herein as well as other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged and accepted, and intending to be legally bound hereby, the Parties hereby agree as follows: 

1.    Group Voting Result. In the event that there is any vote or meeting of the shareholders of the Company (the
“Shareholders”) or proposed action by written consent by the Shareholders (the “Proposed Shareholders Actions”), (a) the Holders shall cast, and cause to be cast, all the votes that they are and will be entitled to
in connection with their respective Subject Shares on the matter(s) proposed to be decided through the Proposed Shareholders Actions, and determine the Group Voting Result among themselves in advance of the Proposed Shareholders Action, and the
Group Voting Result shall be the decision which votes representing more than 50% of the aggregate voting power that all the Holders are and will be entitled to in connection with their Subject Shares are cast in favor of; and (b) if the result
of voting in accordance with the foregoing clause (a) shows that the Founders differ in their opinions and there is a tie between the votes in favor of either Founder’s opinion, the Holders shall cast, and cause to be cast, all the votes
that they are and will be entitled to in connection with their respective Subject Shares again, the Group Voting Result shall be the decision of which more than 60% of the number of Holders vote in favor. 

2.    Voting at Proposed Shareholders Actions. The Group Voting Result shall be binding on all the Holders, and the
Holders shall and shall cause their respective Affiliates to act in concert as follows: (i) to exercise any and all of the rights to vote, consent or waive that such Holder is and will be entitled to in connection with all of its Subject Shares
in any Proposed Shareholders Actions, in accordance with the provisions of applicable laws, the memorandum and articles of association of the Company and any and all agreements among the Shareholders, if any, and (ii) to acknowledge, make,
execute and deliver all resolutions, consents, notices, instructions and other writings and to do such things and to take such actions in each case to the extent necessary to exercise any and all of the rights to vote, consent or waive of such
Holder pursuant to clause (i) above, following and in strict compliance with the Group Voting Result. 

3.    New Holder. Any employee of the Company who together with his/her Affiliates beneficially owns over 0.1% of
the total issued and outstanding ordinary shares of the Company on as-converted basis and whose beneficial ownership of the Shares rank top 30 among the employees of the Company, may become a Holder, upon the
nomination of either of the Founders and with consent of more than 60% of the number of Holders, and by way of executing and delivering a deed of adherence in the form attached hereto as Annex A, and thereby, without any further action by any
Holder, become a party to and be deemed as a “Holder”, and a “Party” under this Agreement. 

  
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 4.    Transfers. If any of the Holders or their respective
Affiliates Transfers any Shares, as a prerequisite such Holder shall, and shall cause its Affiliates to, ensure that the transferee executes and delivers a deed of adherence in the form attached hereto as Annex A and is bound by the
provisions of this Agreement, and the transferee upon receiving the Transfer of the Shares shall be deemed as having agreed to the provisions of this Agreement and having agreed to be bound by the provisions of this Agreement and shall execute and
deliver a deed of adherence in the form attached hereto as Annex A. “Transfer” for the purposes of this Paragraph 4 shall be deemed to have occurred if any Holder (i) sells, pledges, encumbers, assigns, grants an option
with respect to, transfers or disposes of, or create any security or trust over the Shares or any interest therein, or (ii) enters into an agreement or commitment providing for the sale of, pledge of, encumbrance of, assignment of, grant of an
option with respect to, transfer of or disposition of, or creation of any security or trust over the Shares or any interest therein, except in either (i) or (ii), in the initial public offering of the Company or in open market transactions
after the Company’s initial public offering. 
 5.    Executive Secretary. The Parties agree that one Holder
shall be the executive secretary (the “Executive Secretary”) in charge of the administrative matters in connection with the implementation of this Agreement, and the Executive Secretary shall initially be Yimeng Shi
(石义猛). The Holders shall appoint and replace the Executive Secretary through the following procedure: (i) Either of the Founders may nominate a Holder to be the Executive Secretary, (ii) the two Founders shall jointly
appoint the nominated Holder to be the Executive Secretary, and (iii) if the Founders cannot form joint opinion, more than 60% of the number of Holders shall decide and appoint the Executive Secretary. 

6.    Voting Proxy. Simultaneously with the execution of this Agreement, each of the Holders other than the
Founders shall execute the Irrevocable Voting Proxy in the form attached hereto as Annex B. The Parties hereby irrevocably agree that if any of such Holders, together with its Affiliates, beneficially owns less than 0.1% of the total issued
and outstanding ordinary shares of the Company on as-converted basis, the Executive Secretary shall notify such Holder and date the Irrevocable Voting Proxy executed by such Holder the first date on which such
event occurs and the Irrevocable Voting Proxy shall become effective and in force on and from such date. 
 7.    No
Circumvention. The Holders shall not commit or agree to take any action inconsistent with any provision of this Agreement. The Holders shall not and shall cause their respective Affiliates not to deposit (or permit the deposit of) any of the
Shares in a voting trust or grant any proxy or enter into any voting agreement or similar agreement in contravention of the obligations of the Holders under this Agreement. 

8.    Further Assurances. Upon the terms and subject to the conditions herein, each of the Parties agrees to
use their best efforts to take or cause to be taken all action, to do or cause to be done, to execute such further instruments, and to assist and cooperate with the other Parties in doing, all things necessary, proper or advisable under applicable
Laws or otherwise to consummate and make effective, in the most expeditious manner practicable, the matters contemplated by this Agreement. 

  
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 9.    Termination. This Agreement shall terminate (i) with
respect to all Parties, upon mutual consent of the Parties or (ii) with respect to any Holder, upon the time it and its Affiliates beneficially own less than 0.1% of the total issued and outstanding ordinary shares of the Company on as-converted basis, except for the Executive Secretary. If this Agreement (or parts hereof) terminates, the Parties shall be released from their obligations under this Agreement (or parts hereof), except in respect
of any obligation stated, explicitly or otherwise, to continue to exist after the termination of this Agreement (or parts hereof). If any Party breaches this Agreement before the termination of this Agreement, it shall not be released from its
obligations arising from such breach on termination. 
 10.    Amendments and Waivers. Any provision in this
Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only by the written consent of each of the Holders of over 60% of the aggregate voting power
that all the Holders are and will be entitled to in connection with their Subject Shares. 
 11.    Specific
Performance. The Parties agree and understand that monetary damages would not adequately compensate an injured Party for the breach of this Agreement by any Party, that this Agreement shall be specifically enforceable, and that any breach or
threatened breach of this Agreement shall be the proper subject of a temporary or permanent injunction or restraining order. Further, each of the Parties hereto waives any claim or defense that there is an adequate remedy at law for such breach or
threatened breach. 
 12.    Governing Law. This Agreement shall be governed by and construed under the laws of
Hong Kong, without regard to principles of conflict of laws thereunder. 
 13.    Dispute Resolution. 

i.    Each of the Parties hereto irrevocably (i) agrees that any dispute or controversy arising out of, relating to,
or concerning any interpretation, construction, performance or breach of this Agreement, shall be settled by arbitration to be held in Hong Kong which shall be administered by the Hong Kong International Arbitration Centre (“HKIAC”)
in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules in force at the time of the commencement of the arbitration (the “Arbitration Rules”), (ii) waives, to the fullest extent it may
effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration, and (iii) submits to the exclusive jurisdiction of Hong Kong in any such arbitration. There shall be one (1) arbitrator.
The HKIAC Council shall select the arbitrator, who shall be qualified to practice law in Hong Kong. 
 ii.    The
arbitration shall be conducted in English or Mandarin Chinese. The arbitration tribunal shall apply the arbitration rules of the Centre in effect at the time of the arbitration. 

iii.    The arbitrator shall decide any dispute submitted by any of the Parties to the arbitration strictly in accordance
with the substantive law of Hong Kong and shall not apply any other substantive law. 
 iv.    The Parties acknowledge
and agree that, in addition to contract damages, the arbitrator may award provisional and final equitable relief, including injunctions, specific performance, and lost profits. 

  
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 v.    Each party hereto shall cooperate with the other in making full
disclosure of and providing complete access to all information and documents requested by the other in connection with such arbitration proceedings, subject only to any doctrine of legal privilege or any confidentiality obligations binding on such
party. 
 vi.    The decision of the arbitration tribunal shall be final, conclusive and binding on the parties to the
arbitration. Judgment may be entered on the arbitration tribunal’s decision in any court having jurisdiction. 

vii.    The parties to the arbitration shall each pay an equal share of the costs and expenses of such arbitration, and
each party shall separately pay for its respective counsel fees and expenses; provided, however, that the prevailing party in any such arbitration shall be entitled to recover from the
non-prevailing party its reasonable costs and attorney fees. 
 viii.    When
any dispute occurs and when any dispute is under arbitration, except for the matters in dispute, the Parties shall continue to fulfill their respective obligations and shall be entitled to exercise their rights under this Agreement. 

ix.    The Parties understand and agree that this provision regarding arbitration shall not prevent any party from
pursuing preliminary, equitable or injunctive relief in a judicial forum pending arbitration in order to compel another party to comply with this provision, to preserve the status quo prior to the invocation of arbitration under this provision, or
to prevent or halt actions that may result in irreparable harm. A request for such equitable or injunctive relief shall not waive this arbitration provision. 

x.    The validity, construction and interpretation of this dispute resolution clause shall be governed by the laws of
Hong Kong. 
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

	
	PARTIES:
	
	 /s/ Chaohui Chen

	Chaohui Chen (陈朝晖)
	
	 /s/ Zhiping Peng

	Zhiping Peng (彭智平)
	
	 /s/ Wen Gao

	Wen Gao (高文)
	
	 /s/ Zhu Tan

	Zhu Tan (谭竹)
	
	 /s/ Zhigang Du

	Zhigang Du (杜志刚)
	
	 /s/ Zhongqi Kuang

	Zhongqi Kuang (况忠琪)
	
	 /s/ Shubao Pei

	Shubao Pei (裴书宝)
	
	 /s/ Xuesong Ren

	Xuesong Ren (任雪松)
	
	 /s/ Yimeng Shi

	Yimeng Shi (石义猛)

  

			
	UCLOUDLINK GROUP INC.
		
	By:	 	 /s/ Chaohui Chen

	Name: Chaohui Chen
	Title: Director and Chief Executive Officer

  
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 Annex A 

DEED OF ADHERENCE 
 The
undersigned is executing and delivering this Deed of Adherence dated                     , 20    , pursuant to the Voting
Agreement dated as of July 15, 2019 (the “Voting Agreement”), by and among Chaohui Chen (陈朝晖), Zhiping Peng (彭智平), uCloudlink Group Inc., an exempted company duly incorporated and
validly existing in the Cayman Islands and certain other parties named therein. 
 Capitalized terms used but not defined in this Deed of
Adherence shall have their meanings in the Voting Agreement. 
 The undersigned hereby acknowledges, agrees and confirms that, by its
execution of this Deed of Adherence, it shall be deemed to be a party to the Voting Agreement as of the date hereof and shall have all of the rights and obligations of a “Holder” and a “Party” thereunder as if it had executed the
Voting Agreement. The undersigned hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Voting Agreement. 

The address for notice of the undersigned shall be as follows: 

Address:     

Tel:     

Fax:     

Email:     

Attention:     

IN WITNESS WHEREOF, the undersigned has caused this Deed of Adherence to be duly executed and delivered as of the date first written above.

  

									
	 SIGNED as a DEED by 
  
	 	)	 		 	
	 By 
  
	 	)	 	            	 	  

	in the presence of: 	 	)	 		 	
					
	Name:	 	  
	 		 		 	
		 	[Name of witness]	 		 		 	
					
	Address:	 	  
	 		 		 	
					
		 	  
	 		 		 	

  
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 Annex B 

IRREVOCABLE VOTING PROXY 

                    ,
20     
 Reference is made to the shares of uCloudlink Group Inc., a Cayman Islands company (the
“Company”). Any and all the shares of the Company beneficially owned by the undersigned as of the date of this irrevocable voting proxy (this “Proxy”), and any and all additional shares of the Company acquired by
the undersigned and/or its affiliates from time to time after the date hereof through any and all means, including, without limitation, by exercising or upon vesting of any share-incentive awards granted under the Company’s share incentive
plan, are collectively referred to as the “Subject Shares.” 
 Subject to the terms and conditions hereof, the undersigned
hereby irrevocably makes, constitutes and appoints [Mr. Chaohui Chen (陈朝晖), with              ID number:
                        ) / Mr. Zhiping Peng (彭智平), with
             ID number:                     )], a true and lawful attorney-in-fact of the undersigned (an “Attorney”), with full power and authority, in the name and on the behalf of the undersigned to: 

 

	 	1.	 according to the provisions of applicable laws, the memorandum and articles of association of the Company and
any and all agreements among the shareholders of the Company (the “Shareholders”), if any, to exercise any and all of the rights to vote, consent or waive that the undersigned is and will be entitled to in connection with all of the
Subject Shares in any vote or meeting of the Shareholders or proposed action by written consent by the Shareholders; and 

  

	 	2.	 to acknowledge, make, execute and deliver all resolutions, consents, notices, instructions and other writings
and to do such things and to take such actions in each case to the extent the applicable Attorney considers necessary or appropriate to exercise any and all of the rights to vote, consent or waive of the undersigned pursuant to clause
(1) above, as fully as could the undersigned if personally present and acting. 

 The Attorney shall have full power
to make and substitute any person in the place and instead of such Attorney, and the undersigned hereby ratifies, confirms and approves all actions that each Attorney or substitute shall take by virtue of the above authorization and arrangements.
All actions hereunder may be taken by the Attorney or his substitute. 
 All conducts of the Attorney or his substitutes in connection with
the Subject Shares should be deemed as the undersigned’s personal conducts, all the documents signed by the Attorney or his/her/its substitutes should be deemed as signed by the undersigned. The undersigned will accept all the conducts above.

 This above authorization from the undersigned to the Attorneys is coupled with an interest and is irrevocable and continuously effective.

 If any provision contained in this Proxy shall for any reason be held invalid, illegal or unenforceable in any respect, such invalidity,
illegality or unenforceability shall not affect the validity of any other provisions contained in this Proxy. 

  
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 This Proxy shall in all respects be governed by, and construed in accordance with, the laws
of Hong Kong (without regard to its conflict of law rules). 
 [Signature page to follow] 

  
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 IN WITNESS WHEREOF this Proxy has been
duly executed as a deed on the date first above written. 
  

					
	SIGNED, SEALED AND DELIVERED	  	)	  	
	as a deed in the name of	  	)	  	
	 	  	)	  	 
	in the presence of:	  	)	  	  

			
	  
	  		  	
	Name:	  		  	
	Title	  		  	

  
 10EX-10.1

 Exhibit 10.1 

 
  

UCLOUDLINK GROUP INC. 

STOCK OPTION SCHEME 
  

 

 UCLOUDLINK GROUP INC. 

AMENDED AND RESTATED STOCK OPTION SCHEME 
  

	1.	 DEFINITIONS 

 

	1.1	 In this Scheme the following expressions shall have the following meanings: 

 

			
	“Adoption Date” 	  	means December 31, 2018 (the date on which this Scheme is duly adopted by resolution of the Board);
		
	“Auditors”	  	mean the Auditors as engaged by the Company;
		
	“Board”	  	means the board of directors of the Company or a duly authorised committee thereof;
		
	“Company” 	  	or “UcloudLink”, means UcloudLink Group Inc., an exempted company incorporated under the laws of the Cayman Islands;
		
		  	For the purpose of deciding the eligibility of the Optionees for Options, “Company” shall also include subsidiaries of the Company, including the companies controlled by contractual arrangements;
		
	“Effectiveness Date”	  	means the Adoption Date;
		
	“Exercise”	  	means, in respect of any Option, the act by the Optionee to purchase the Shares covered by the Option granted to him in accordance with this Scheme;
		
	“Exercisable Date”	  	means, in respect of any Option, the first date upon which all the conditions listed in Section 6.1 hereof have been satisfied and the Optionee may exercise the relevant part of his Option;
		
	“Grant”	  	means, in respect of any Option, the incident of such Option being offered to and accepted by the Optionee in accordance with this Scheme;
		
	“Grant Date”	  	means, in respect of any Option, the date upon which the Option is accepted in accordance with this Scheme;
		
	“Option”	  	means an option to purchase Shares granted pursuant to this Scheme;
		
	“Optionee”	  	means any employee, officer, or director of the Company, who accepts the offer of the grant of any Option in accordance with the terms of this Scheme or (where the context so permits) a person entitled to any such Option in
consequence of the death of the original person accepting offer of the grant of any Option;

  
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	“Option Period”	  	means, in respect of a particular Option, a period of six (6) years commencing from the Exercisable Date, or such shorter period as the Board may decide at the time of grant, beyond which no Option shall be exercised
whatsoever;
		
	“IPO”	  	means the initial public offering and listing of the Shares of the Company on any internationally recognised stock exchange including without limitation the New York Stock Exchange or the Nasdaq National Market System or on the
Hong Kong Stock Exchange;
		
	“Shares” 	  	means ordinary shares of US$0.00005 par value each (or of such other nominal amount as shall result from a sub-division or a consolidation of such shares from time to time) of the
Company;
		
	“Scheme”	  	means, subject to Section 11 hereof, this stock option scheme in its present or any amended form, and where the contexts permit, includes the Letter of Offer, Acceptance Form, Option Certificate, Exercise Notice and Deed of
Undertaking of or applicable to the relevant Optionee;
		
	“Scheme Period”	  	means a period of 15 years commencing from the Effectiveness Date, beyond which no Option shall be granted whatsoever;
		
	“Exercise Price”	  	means the total price or, where applicable, unit price per Share at which an Optionee may subscribe Shares upon the exercise of an Option, subject to adjustment as provided in this Scheme;
		
	“US$” and “cents”	  	means United States dollars and cents respectively;
		
	“Vesting”	  	means, in respect of any Option, the satisfaction of the vesting schedules and vesting conditions listed in Section 5 and Letter of Offer hereof. Related terms like “vest”, “vests” and
“vested” shall be construed accordingly;

  

	1.2	 Section headings are inserted for convenience of reference only and shall be ignored in the interpretation of
this Scheme. References herein to Sections are to Sections of this Scheme. 

  
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	2.	 ADMINISTRATION; AVAILABLE SHARES AND ELIGIBLE OPTIONEES 

 

	2.1	 This Scheme shall be subject to the interpretation and administration of the Board whose decision (save as
otherwise expressly provided herein) shall be final and binding on all parties and all matters under this Scheme. 

 A
majority of the Board shall constitute a quorum. The acts of a majority of the members present at any meeting at which a quorum is present, and acts approved unanimously in writing all members of the Board in lieu of a meeting, shall be deemed the
acts of the Board. Each member of the Board is entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other employee of the Company, the Auditor, or any executive compensation
consultant or other professional retained by the Company to assist in the administration of the Scheme. 
  

	2.2	 (a)    The Shares subject to the Scheme is the ordinary shares of the Company with par
value of US$0.00005 each (or of such other nominal amount as shall result from a sub-division or a consolidation of such shares from time to time). Additionally, at the discretion of the Board, any Shares
distributed pursuant to an award may be represented by American Depository Shares. Subject to the provisions of Section 9 and Section 2.2(b), the maximum aggregate number of Shares which may be issued pursuant to all awards under this
Scheme shall be 40,147,720, with a detailed breakdown being set forth on Schedule G. 

 (b) To the extent that an award
terminates, expires, or lapses for any reason, or is forfeited or repurchased by the Company for any reason, then any Shares subject to the award shall again be available for the grant of an award pursuant to this Scheme. 

 

	2.3	 The persons eligible for the Options under this Scheme may include the following, as may be specifically
identified by the Board, 

  

	 	(a)	 officers of the Company, 

 

	 	(b)	 other employees of the Company, and 

 

	 	(c)	 directors of the Company. 

 

	3.	 DISTRIBUTION OF OPTIONS 

 

	3.1	 The Options under the Scheme may be granted in several distributions to the Optionees, the time of which shall
be determined by the Board at its sole and absolute discretion, subject to the terms of this Scheme and the offer letters in respect of Options as decided by the Board at the time of grant. 

 

	3.2	 Par value of the Shares covered by all the distributions hereunder is US$0.00005 each, and the allocation of
the number of Shares among the Options in each of the distributions is to be decided by the Board. The Board may, as it deems necessary and appropriate at its sole and absolute discretion, decide on any adjustment to the specifics of the each
distribution above including time schedule for distribution of the Options, number of Shares under the Options to be distributed, and the Optionees to whom the Options to be distributed will be offered, as well as any subsequent distributions.

  
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	3.3	 Subject to Section 11 (Alteration and Termination of Scheme) hereof, this Scheme shall be valid and
effective for the Scheme Period commencing on the Effectiveness Date or such other period that the Board may decide. The Scheme will expire on, and no award may be granted pursuant to the Scheme after the end of the Scheme Period. Any awards that
are outstanding on the expiration of the Scheme Period shall remain in force according to the terms of the Scheme and the applicable award agreement. 

  

	4.	 GRANT OF OPTION 

 

	4.1	 On and subject to the terms of this Scheme, the Board shall be entitled at any time and from time to time
within the Scheme Period to offer to grant to any Optionee as the Board may in its absolute sole discretion select, and subject to such conditions as the Board may think fit, an Option to purchase such number of Shares at the Exercise Price as the
Board may determine. 

  

	4.2	 An offer of the grant of an Option shall be made to an Optionee by letter substantially in the form set out in
Schedule A, subject to such modification as the Board may from time to time determine, requiring the Optionee to undertake to hold the Option on the terms on which it is to be granted and to be bound by the provisions of this Scheme and shall remain
open for acceptance by the Optionee within the offer date, 

  

	4.3	 An Option shall be deemed to have been granted and accepted when the Acceptance Form is completed, signed and
returned by the Optionee to the Company, in or substantially in the form set out in Schedule B, subject to such modification as the Board may from time to time determine. 

 

	4.4	 Any offer of the grant of an Option may be accepted in respect of less than the number of Shares in respect of
which it is offered. To the extent that the offer of the grant of an Option is not accepted within the offer date in the manner indicated in Section 4.3, it shall be deemed to have been irrevocably declined. 

 

	4.5	 As soon as possible after the Grant Date, the Board shall issue to the Optionee an Option Certificate
substantially in the form of Schedule C, subject to such modification as the Board may from time to time determine. 

  

	4.6	 An Option, whether vested or not, shall be personal to the Optionee and shall not be assignable and no Optionee
shall in any way sell, transfer, charge, mortgage, encumber or create any interest in favour of any third party over or in relation to any Option under this Scheme. 

 

	5.	 VESTING OF OPTION 

 

	5.1	 Subject to other provisions under this Scheme, in respect of any particular Option, the Board has absolute
discretion to determine the vesting schedule, which will be set forth in the Letter of Offer in relation to the Option under this Scheme, provided, however, it shall be a condition to the vesting that the employment of the Optionee by the Company
continues at the date of vesting without termination or expiry under Section 8 hereof. 

  

	5.2	 In addition to the vesting schedule provided in Section 5.1 above, the Board may provide additional
vesting schedules and vesting conditions in the offer letter to each Optionee, including without limitation performance goals to the achieved and milestone targets to be reached by the Optionee. The acceptance of the Optionee of the offer shall be
construed as his acceptance of all the vesting schedules and conditions provided in Section 5.1 and in the offer letter. 

  
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	6.	 EXERCISE OF OPTION 

 

	6.1	 The exercise of any Option shall be subject to the following conditions: 

 

	 	(a)	 vesting of the Option in accordance with Section 5 and Letter of Offer hereof, 

 

	 	(b)	 expiry of six (6) months after the date of the IPO, 

 

	 	(c)	 compliance with any prohibitions or restrictions on the issuance and subscription of the Shares in general in
connection with the IPO, 

  

	 	(d)	 compliance with any applicable laws and regulations on the implementation of this Scheme including but not
limited to necessary registrations with and reporting to competent foreign exchange authority and tax authority in PRC, and 

  

	 	(e)	 compliance with other provisions in respect of exercise of Options under the Scheme or issuance and
subscription of Shares in general including without limitation those in Sections 6 (Exercise of Option), 7 (Exercise Price and Payment upon Exercise) and 8 (Treatment of Options in Certain Situations) hereof. 

The first date when all of the conditions in this Section 6.1 have been satisfied is referred to as “Exercisable Date”. 

The options that have not been exercised shall be excised within 90 days to the extent that such options were vested and exercisable on the
date of the non-malicious termination of the employment 
  

	6.2	 An Option may be exercised in whole or in part by the Optionee (or his or her legal personal representatives)
in the following manner: 

  

	 	(a)	 giving notice in writing to the Company in substantially the form set out in Schedule D (subject to such
modification as the Board may from time to time determine) stating that the Option is thereby exercised and the number of Shares in respect of which it is exercised and the form of payment; and 

 

	 	(b)	 executing and delivering a Deed of Undertaking to the Company in substantially the form set out in Schedule E
(subject to such modification as the Board may from time to time determine). 

 Each exercise notice must be accompanied by
a remittance or, with prior consent by the Board, a verification for payment in favour of the Company for the full amount of the total Exercise Price for the Shares in respect of which the notice is given. Within 28 days after receipt of the notice,
the Deed of Undertaking and the remittance or payment verification, the Company shall allot the relevant Shares to the Optionee (or his or her legal personal representatives), credited as fully paid. 

  
 5 

	6.3	 An Option shall be exercised within the Option Period, after which the Option shall expire and become null and
void and may not be exercised either in whole or in part. 

  

	7.	 EXERCISE PRICE AND PAYMENT UPON EXERCISE 

 

	7.1	 The Exercise Price for Shares covered by any Option in the distributions under this Scheme shall be determined
in the offer letters in respect of such Option as decided by the Board following the detailed direction set forth on Schedule G, subject to adjustment as provided in this Scheme. 

 

	7.2	 Upon exercise of the Option, payment for Shares covered by the Option shall be made on the effective date of
such exercise in the following forms: 

  

	 	(a)	 cash remittance by certified check 

 

	 	(b)	 bank cashier’s check, 

 

	 	(c)	 wire transfer, 

  

	 	(d)	 Shares, or 

  

	 	(e)	 through a trustee or a qualified nominee, if any is designated by the Company for the Optionee in accordance
with Section 7.3 below. 

  

	7.3	 Where the Optionee is not able to pay for the Exercise Price either adopting payment forms in Section 7.2
(a) and (b) and (c) above, for example if the Optionee is a citizen of the People’s Republic of China whose exercise of Option is subject to PRC legal restrictions including without limitation those concerning foreign exchange control, the
Optionee may adopt the payment form in Section 7.2 (d), for which purpose the Company may designate a trustee or a qualified nominee to handle the exercise of the Option in accordance with applicable foreign exchange laws and regulations of
PRC. 

  

	8.	 TRIGGERING EVENTS, WITHDRAWAL METHOD AND WITHDRAWAL PRICE FOR
PRE-IPO WITHDRAWAL 

  

	8.1	 In terms of non-malicious termination of the employment agreement with
the Company, the Company shall be entitled, but not obligated, to repurchase the Shares with respect to which the option has exercised based on the lower of the exercise price and the value of the net assets of the Company in the previous year
before such termination evaluated by the third-party audit. The options that have not been exercised shall be excised within 90 days to the extent that such options were vested and exercisable on the date of the
non-malicious termination of the employment, and the options that have not been exercised shall be revoked and invalid. 

 

	8.2	 In terms of malicious termination of the employment agreement with the Company, relevant legal liability shall
be investigated and corresponding economic compensation shall be claimed. The Company shall be entitled, but not obligated, to repurchase the Shares with respect to which the option has exercised based on the lower of the exercise price and the
value of the net assets of the Company in the previous year before such termination evaluated by the third-party audit. The repurchase amount shall be firstly used to compensate the Company’s losses. If such repurchase is insufficient to
compensate the Company’s losses, the Company shall still have the right to seek further indemnification. The options that have not been exercised shall be revoked and invalid. 

  
 6 

	8.3	 For anyone who has been fired by the Company due to his/her violation of applicable laws or regulations of the
Company causing the Company economic losses or defamed reputation, the Company shall be entitled, but not obligated, to repurchase the Shares with respect to which the option has exercised based on the lower of the exercise price and the value of
the net assets of the Company in the previous year before such termination evaluated by the third-party audit. The repurchase amount shall be firstly used to compensate the Company’s losses. If such repurchase is insufficient to compensate the
Company’s losses, the Company shall still have the right to seek further indemnification. The options that have not been exercised shall be revoked and invalid. 

 

	8.4	 If anyone has undertaken any part-time job outside the Company and other subsidiaries, or invested any
third-party Company which competes against the Company or may harm the Company’s benefit without the approval from the Board of Directors, the Company shall be entitled, but not obligated, to repurchase the Shares with respect to which the
option has exercised based on the lower of the exercise price and the value of the net assets of the Company in the previous year before such termination evaluated by the third-party audit. The repurchase amount shall be firstly used to compensate
the Company’s losses. If such repurchase is insufficient to compensate the Company’s losses, the Company shall still have the right to seek further indemnification. The options that have not been exercised shall be revoked and invalid.

  

	8.5	 For anyone who has retired, lost the ability to work or was dead, the Shares with respect to which the option
has exercised shall be still possessed by the Optionee or the Optionee’s legal heir. The options that have not been exercised shall be excised within 12 months to the extent that such options were vested and exercisable on the date of the
Optionee’s termination of employment on account of retirement, disability, or death. Otherwise, the options that have not been exercised shall be revoked and invalid. 

 

	8.6	 Board of Directors shall have the discretion to eventually judge the above-mentioned statements “Malicious
Termination” and “Any Company which may harm the Company’s benefit”. 

 When IPO takes place, the
options that have not been exercised shall be revoked and invalid if any condition stated in the above 8.1 to 8.5 occurs. 
  

	9.	 REORGANISATION OF CAPITAL STRUCTURE 

In the event of any alteration in the capital structure of the Company whilst any Option remains outstanding (whether vested or unvested,
exercisable or unexercisable), whether by way of capitalisation of profits or reserves, rights issue, share split, reverse share split, share dividend, exchange of shares, reclassification, consolidation, subdivision or reduction of the share
capital of the Company or other distribution of the Shares effected without receipt of consideration by the Company, proportionate adjustment for any increase, decrease, or change in the number or type of outstanding Shares or other securities of
the Company shall be made in: 
  

	 	(a)	 the number of Shares subject to the Option so far as unexercised; 

 

	 	(b)	 the Exercise Price; and/or 

 

	 	(c)	 the vesting conditions and method of exercise of the Option, 

  
 7 

 as the Auditors shall certify in writing to the Board to be in their opinion fair and
reasonable, the capacity of the Auditors is that of experts and not of arbitrators and their certification shall be for reference by the Board. The adjustment contemplated in this Section 9 shall be made by the Board, whose determination shall
be final, binding and conclusive. For the avoidance of doubt, the conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Except as expressly provided herein, no
Optionee shall have any rights by reason of any subdivision or consolidation of Shares of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution, liquidation, merger, or consolidation
of the Company or any other corporation. Except as expressly provided herein or pursuant to action of the Board under the Scheme, no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect,
and no adjustment by reason thereof shall be made with respect to, the number of Shares subject to an Option or the grant or exercise price of any Option. 

In the event of any other change in the capitalization of the Company or corporate change other than those specifically referred to in this
Section 9, the Board may, in its absolute discretion, make such adjustments in the number and class of shares subject to Options outstanding on the date on which such change occurs and in the per share grant or exercise price of each Option as
the Board may consider appropriate to prevent dilution or enlargement of rights. 
  

	10.	 RIGHTS AS A SHAREHOLDER; RESTRICTION ON SHARE TRANSFER 

 

	10.1	 The Shares to be allotted upon the exercise of an Option will be subject to all the provisions of the Amended
and Restated Memorandum and Articles of Association of the Company and Shareholders Agreement of the Company for the time being in force and will rank pari passu with the fully paid Shares in issue on the date of allotment and accordingly
will entitle the holders to all rights, powers, interests or benefits including without limitation participation in all dividends or other distributions paid or made on or after the date of allotment other than any dividend or other distribution
previously declared or recommended or resolved to be paid or made with respect to a record date which shall be before the date of allotment. 

  

	10.2	 The Optionee shall not sell, transfer, charge, mortgage, encumber or create any interest in favour of any third
party (other than to any trust for the direct benefit of, or any entity wholly owned by, the Optionee or the family members of the Optionee) over or in relation to any Shares that may be allotted to him pursuant to the exercise of an Option without
the prior written approval of the Board, and the Board may approve or disapprove any such sale, transfer, change, mortgage, encumbrance or creation of interest at its sole and absolute discretion without assigning any reason therefor.

  

	10.3	 No award gives the Optionee any of the rights of a shareholder of the Company unless and until the Shares are
in fact issued to such person in connection with the exercise of such Option and the Optionee is entered into the Company’s register members as a shareholder of the Company. 

  
 8 

	11.	 AMENDMENT AND TERMINATION OF THIS SCHEME 

 

	11.1	 The Board may, at any time and from time to time, terminate, amend or modify the Scheme; provided,
however, that unless the Company decides to follow home country practice, shareholder approval is required for any amendment to the Scheme that (i) increases the number of Shares available under the Scheme (other than any adjustment as
provided by Section 9), (ii) extends the Scheme Period, or (iii) results in a material increase in benefits or a change in eligibility requirements. 

 

	11.2	 The Board may approve such supplements, amendments or appendices to the Scheme as it may consider necessary or
appropriate for purposes of compliance with applicable laws and regulations, or stock exchange rules, or otherwise and such supplements, amendments or appendices shall be considered a part of the Scheme. 

 

	11.3	 Without prejudice to other provisions in this Scheme, the Board may at any time terminate the operation of this
Scheme according to the Amended and Restated Memorandum and Articles of Association of the Company before the expiry of the Scheme Period and in such event no further Options will be offered under the Scheme. 

 

	12.	 COSTS AND EXPENSES; TAXES; INDEMNIFICATION 

 

	12.1	 The costs and expenses in connection with the general establishment and administration of this Scheme shall be
borne by the Company. 

  

	12.2	 Notwithstanding the foregoing, all costs, expenses, fees, taxes, levies or charges in connection with the
exercise of the Option granted to an Optionee and the sale of Shares covered by such Option shall be borne by the Optionee. For such purpose, the Company reserves the absolute right, and the Optionee shall give irrevocable authorization to the
Company upon acceptance of the Option for the Company, to take any necessary actions, including without limitation deduction, withholding, offsetting or retaining of appropriate amount from the value of the Shares issued to the Optionee under the
Scheme, in order for the payment of any such costs, expenses, fees, taxes, levies or charges, or to otherwise comply with relevant statutory or administrative requirements. 

 

	12.3	 To the extent allowable pursuant to applicable laws, each member of the Board shall be indemnified and held
harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in
which he or she may be involved by reason of any action or failure to act pursuant to the Scheme and against and from any and all amounts paid by him or her in satisfaction of judgment in such action, suit, or proceeding against him or her;
provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive
of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s then-effective memorandum of association and articles of association, as a matter of law, or otherwise, or any power that the Company may
have to indemnify them or hold them harmless. 

  

	13.	 DISPUTE RESOLUTION; GOVERNING LAW 

 

	13.1	 This Scheme and all Options granted hereunder shall be governed by and construed in accordance with the laws of
the Cayman Islands. 

  
 9 

	14.	 DISCLAIMERS 

 

	 	a)	 An Optionee, solely in his capacity as Optionee, shall not be entitled to receive copies of any notices and
other documents sent by the Company to holders of Shares. 

  

	 	b)	 Any notice or other communication between the Company and an Optionee may be given by sending the same by
prepaid post or by personal delivery to, in the case of the Company, Floor 3, Building 1, Block A, Shenzhen Software Industry Base, Xuefu Rd. Nanshan District, Shenzhen, PRC
(深圳市南山区学府路深圳软件产业基地1
栋A座3 楼) or as notified to the Optionees from time to time
and, in the case of the Optionee, his address as last maintained in his personnel record with the Company. 

  

	 	c)	 An Optionee shall be responsible for obtaining any governmental or other official consent that may be required
by any country or jurisdiction in order to permit the grant or exercise of the Option. Unless otherwise agreed by the Board, the Company shall not be responsible for any failure by an Optionee to obtain any such consent or for any tax or other
liability to which an Optionee may become subject as a result of his or her participation in this Scheme, all of which shall be the sole responsibility of the Optionee. 

 

	 	d)	 Participation in this Scheme by an Optionee shall be a matter entirely separate from any pension right or
entitlement he may have and from his terms or conditions of employment by, or membership on the Board of the Company. In particular (but without limiting the generality of the foregoing) any Optionee or Optionee who terminates his relationship with
the Company for any reason whatsoever shall not be entitled to any compensation for any loss of any right or benefit or prospective right or benefit under this Scheme which he might otherwise have enjoyed whether such compensation is claimed by way
of damages for wrongful dismissal or breach of contract or by way of compensation for loss of office or otherwise howsoever. 

  

	 	e)	 Nothing contained in this Scheme shall confer upon any Optionee any right with respect to the continuation of
his employment by the Company or interfere in any way with the right of the Company at any time to terminate such relationship or to increase or decrease the compensation of the Optionee. 

 

	 	f)	 No person, whether as a current, past or prospective employee, officer, or director shall have any claim or
right to receive Options under this Scheme. The Board’s granting of an Option to an Optionee at any time shall neither require the Board to grant to such Optionee or any other person at any time nor preclude the Board from making subsequent
grants to such Optionee or any other person. 

 The Scheme and the Appendixes in the Scheme are made in English. Chinese version of the
Scheme is only for reference only. In case of any discrepancy between the two versions, the English version shall prevail. 
 - End -

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