Document:

EX-10.11

 Exhibit 10.11 

Amendment to Exclusive Option Agreement 

This Amendment to Exclusive Option Agreement (hereinafter referred to as “this Agreement”) is entered into in Guangzhou as of November 30th, 2018 by and among the following parties: 
 (1) EHang Intelligent Equipment (Guangzhou) Co., Ltd with
address: No. 31 Room 401, No. 680 Guangxin Road, Huangpu District, Guangzhou, PRC (“Party A”); 
 (2) Huazhi Hu and Yifang Xiong
(“Party B”); and 
 (3) Guangzhou EHang Intelligent Technology Co., Ltd with address: Room 402 (only for office use), 4th floor, Auxiliary
Building No. 11, Aoti Road, Tianhe District, Guangzhou, PRC (“Party C”) 
 WHEREAS 

The Exclusive Option Agreement (“Option Agreement”) was entered into by and between Party A, Party B and Party C respectively as of January 29th, 2016. 
 The Parties hereby agree to amend the Option Agreement through mutual negotiation as follows:

  

	1.	 The parties agree to amend Section 1.1 of the Option Agreement as follows: 

“Party B hereby irrevocably grant to Party A, to the extent permitted under the laws of the PRC, an irrevocable sole option
(“Optional Purchase Right of Equity Interest”) for the Party A or one or more persons designated by Party A (the “Designated Persons”) to acquire (in accordance with steps decided by Party A and at the price specified in
Section 1.3 hereof) at any time from Party B all or part of the Equity Interest in Party C whenever the acquisition is permissible under PRC law. Except for Party A and the Designated Persons (including natural person, legal person and other
entity), where applicable, Party B shall not grant or cause to be granted such right to any other party. Party C hereby agrees to the delivery of Purchase Right of Equity Interest from Party B to Party A. For the purposes of this Agreement,
“person” has the meaning of person, corporation, joint venture, partnership, enterprise, trust or non-corporation organization.” 

 

	2.	 The Parties agree to amend Section 1.3 of the Option Agreement as follows: 

“Unless appraisal or other restriction required, expressly or impliedly, by the PRC laws and regulations when the Optional Purchase Right
of Equity Interest is exercised, the purchase price for such Equity Interests (“the Purchase Price”) shall be the lowest price permitted under applicable laws. Upon the exercise of Optional Purchase Right of Equity Interest by Party A or
its Designated Person to purchase the Equity Interest, when Purchase Price is received by the Party B, such Purchase Price after the deduction of all operational costs and expense shall be returned to Party A or Designated Person.” 

 

	3.	 The Parties agree to add Section 1.6 of the Option Agreement as follows: 

“1.6 Distribution 

Unless otherwise required under PRC laws and obtaining the prior written consent of Party A, Party B shall not cause Party C to declare or pay
any distributable profits, distribution or dividends. If Party B receive any profits, distribution or dividends, Party B shall give such profits, distribution or dividends after the deduction of related taxes and fees to Party A or Designated Person
as a gift. 
 If Party B receives total amount of Purchase Price by the transfer of the Equity Interests higher than his capital
contribution, or any profits, distribution or dividends from the company in any form, Party B agrees that the Purchase Price or such any profits, distribution or dividends shall be given to Party A. Otherwise, the Party B shall compensate the losses
incurred by Party A and/or his Designated Person.” 
  

	4.	 The Parties agree to amend Section 2.1(f) of the Option Agreement as follows: 

“(f) without prior written consent of Party A, Party C shall not execute any material agreement, except as otherwise required in the
ordinary course of business.” 

  
 - 1 - 

	5.	 The Parties agree to add Section 2.1(l)(m) of the Option Agreement as follows: 

 

	 	“(l)	 without prior written consent of Party A, not cause Party C to declare or pay any distributable profits,
distribution and dividends; 

  

	 	(m)	 without prior written consent of Party A, not consent, support or approve merger with, consolidation into or
acquisition of any person, or investment, or division, transformation, or alternation of registered capital, of the company.” 

  

	6.	 The Parties agree to add Section 2.2 (i) (j)(k) of the Option Agreement as follows: 

 

	 	“(i)	 without prior written consent of Party A, not cause Party C to declare or pay any distributable profits,
distribution and dividends; 

  

	 	(j)	 without prior written consent of Party A, not terminate or cause management of the company to terminate any
material agreement signed by Party C, or execute any agreement in conflict with existing material agreement; 

  

	 	(k)	 without prior written consent of Party A, not provide loan or credit to any person.”

  

	7.	 The Parties agree to amend Section 10.1 of the Option Agreement as follows: 

“Notwithstanding other provisions stipulated under this Agreement, Party B and Party B shall not revoke the Optional Purchase Right of
Equity Interest or terminate this Agreement without prior written consent from Party A. Nonetheless, Party A can terminate this Agreement by issuing written notice to the company and its existing shareholders 30 days prior to such notice becomes
effective.” 
  

	8.	 Unless otherwise specifically provided in this Agreement, the Option Agreement and Amendment shall remain
valid. In the event of any conflict between this Agreement and the Option Agreement, this Agreement shall prevail. 

  

	9.	 This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of
which together shall constitute one and the same instrument. 

 (Remainder intentionally left blank, signature page
follows) 

  
 - 2 - 

 (Signature page) 

Party A: EHang Intelligent Equipment (Guangzhou) Co., Ltd. 

Authorized representative: /s/ Huazhi Hu 
 /s/ Seal of EHang
Intelligent Equipment (Guangzhou) Co., Ltd. 
 Party B: 

Huazhi Hu (Signature): /s/ Huazhi Hu 
 Yifang Xiong (Signature):
/s/ Yifang Xiong 
 Party C: Guangzhou EHang Intelligent Technology Co., Ltd. 

Authorized representative: /s/ Shangjin Guo 
 /s/ Seal of
Guangzhou EHang Intelligent Technology Co., Ltd.EX-10.12

 Exhibit 10.12 

Amendment Two to Exclusive Option Agreement 

This Amendment Two to Exclusive Option Agreement (hereinafter referred to as “this Agreement”) is entered into in Guangzhou as of June 6th, 2019 by
and among the following parties: 
 (1) EHang Intelligent Equipment (Guangzhou) Co., Ltd with commercial register in Building #3, No. 72 Nanxiang 2nd
Road, Science City, High-tech Industry Development Zone, Guangzhou (“Party A”); 
 (2) Huazhi Hu and Yifang Xiong (“Party B”); and 

(3) Guangzhou EHang Intelligent Technology Co., Ltd with commercial register in Room 402, F/4 Wing Building, No. 11 Aoti Road, Tianhe District, Guangzhou
(for office use only) (“Party C”) 
 WHEREAS 

The Exclusive Option Agreement (“Option Agreement”) and the Amendment to Exclusive Option Agreement (“Amendment to Option Agreement”,
collectively referred to as “Option Agreement and Amendment” with the Option Agreement) were entered into by and between Party A, Party B and Party C respectively as of January 29th, 2016 and November 30th, 2018. 

The Parties hereby amend the Option Agreement and Amendment through mutual negotiation and consent as follows: 

 

	1.	 The parties agree to amend Section 2.2 (j) of the Option Agreement as follows: 

“(j) Except for the agreements executed during ordinary course of business operations, Party C shall not execute any material agreement
without prior written consent from Party A;” 
  

	2.	 The Parties agree to amend Section 10.1 of the Option Agreement as follows: 

“Notwithstanding other provisions stipulated under this Agreement, Party B and Party B shall not revoke or revise the Optional Purchase
Right of Equity Interest or terminate this Agreement without prior written consent from Party A. Nonetheless, Party A can terminate or revise this Agreement by issuing written notice to the company and its existing shareholders 30 days prior to such
notice becomes effective.” 
  

	3.	 Unless otherwise specifically provided in this Agreement, the Option Agreement and Amendment shall remain
valid. In the event of any conflict between this Agreement and the Option Agreement and Amendment, this Agreement shall prevail. 

  

	4.	 This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of
which together shall constitute one and the same instrument. 

 (Remainder intentionally left blank, signature page
follows) 

  
 - 1 - 

 (Signature page) 

Party A: EHang Intelligent Equipment (Guangzhou) Co., Ltd. 

Authorized representative: /s/ Huazhi Hu 
 /s/ Seal of EHang
Intelligent Equipment (Guangzhou) Co., Ltd. 
 Party B: 

Huazhi Hu (Signature): /s/ Huazhi Hu 
 Yifang Xiong (Signature):
/s/ Yifang Xiong 
 Party C: Guangzhou EHang Intelligent Technology Co., Ltd. 

Authorized representative: Shangjin Guo 
 /s/ Seal of Guangzhou
EHang Intelligent Technology Co., Ltd.EX-10.13

 Exhibit 10.13 

SPECIAL AGREEMENT IN RESPECT OF THE CONTRIBUTION OF REGISTERED CAPTIAL OF GUANGZHOU EHANG INTELLIGENT TECHNOLOGY CO., LTD. 

The Special Agreement in respect of the Capital Increase of Guangzhou EHang Intelligent Technology Co., Ltd., dated as of February 22, 2019 (the
“Agreement”), is made by and among the following parties: 
  

	 	(1)	 Huazhi Hu and Yifang Xiong (“Party A”); 

 

	 	(2)	 EHang Intelligent Equipment (Guangzhou) Co., Ltd. with the address: No. 31 Room 401, No. 680 Guangxin
Road, Huangpu District, Guangzhou, PRC (the “Party B”); and 

  

	 	(3)	 Guangzhou EHang Intelligent Technology Co., Ltd. with the address: Room 402 (only for office use), 4th floor,
Auxiliary Building No. 11, Aoti Road, Tianhe District, Guangzhou, PRC. (“Party C”). 

 Each of the Party A,
Party B and Party C is referred to as a “party” individually and the “parties” collectively. 
 WHEREAS: 

1. Party B, together with Party A or Party B, entered into Exclusive Technical Consulting and Services Agreement, Exclusive Service Agreement,
Exclusive Option Agreement, Shareholders Voting Proxy Agreement and Share Pledge Agreement and their amendment (“VIE Agreements”). 
 NOW,
THEREFORE, the parties to this Agreement hereby agree in respect of the capital increase of Party C by Party A as follows: 
 Section 1
Special Agreement 
 Section 1.1     Party B acknowledges and agrees that Party A, Huazhi Hu and Yifang Xiong will increase 95% and
5% of the registered capital of Party C to CNY 60,000,000, respectively. 
 Section 1.2    Party B acknowledges and agrees Party B
will provide loan (“Loan”) free of interest to Party A for the purpose of capital increase. All Parties agree that Party B will not request the repayment of the Loan and Party A will not request an advance repayment of the Loan before
Party A transfers all equity interest of Party C to Party B or terminate the business operation of Party C at the request of Party B. 
 Section 1.3
    If Party A transfers part of its equity interest in Party C to Party B, upon transfer of such equity interest and the receipt of the payment of the proceeds from such transfer by Party A, the Loan of the relevant amount shall
be deemed repaid. For the purpose of this Section, such relevant amount shall be calculated in accordance with the formula below: Relevant Amount Deemed Repaid = Loan * (Transferred Equity of Party A/Total Equity of Party C held by Party A). If
Party A transfers all of its equity interest in Party C to Party B, upon transfer of such equity interest and the receipt of the payment of the proceeds from such transfer by Party A, the Loan hereunder shall be deemed as having been fully repaid.
“upon transfer of the equity interest” for the purpose of this Section shall mean that the transfer of such equity interest has been approved by competent government authorities (if required) and the changes to such equity interest have
been registered with government authorities, with Party B becoming the lawful holder of the equity of Party C. 
 Section 1.4    In
the event of Party C’s winding-up, liquidation, dissolution or bankruptcy for any reason not attributable to Party A, the Loan hereunder shall be deemed as having been fully repaid upon the Party A’s
return of all proceeds from the liquidation to Party B. 
 Section 1.5    Party A agrees that the increased registered capital
shall be bound by the same VIE Agreements as the registered capital currently held by Party A. 

 Section 2    Severability 

Section 2.1    If any provision of this Agreement is held to be invalid or unenforceable, and such provision will be fully
severable (to the scope of invalidity and unenforceability) and deemed to be excluded herein, and the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable
provision or by its severance herefrom 
 Section 3    Waiver 

Section 3.1    The failure to exercise or the delay in exercising a right or remedy provided by this Agreement or by law does not
impair or constitute a waiver of such right or remedy or interfere with the exercise of right or remedy later. No single or partial exercise of a right or remedy provided by this Agreement or by law prevents further exercise of the right or remedy
or the exercise of another right or remedy. 
 Section 3.2    The right and remedy stipulated in this Agreement could be
accumulated and could be exercised by the Party as it deems appropriate, and such right and remedy is a supplement to right and remedy provided by laws. 

Section 4 Governing Law and Dispute Resolution 

Section 4.1     This Agreement shall be governed by and construed in accordance with the PRC laws. 

Section 4.2     Any dispute arising from, out of or in connection with this Agreement shall be settled through amicable negotiations
between the parties.    If the dispute cannot be settled through negotiations, the dispute shall, upon the request of either Party with notice to the other Party, be submitted to arbitration in Guangzhou, PRC, under the auspices
of Guangzhou Arbitration Committee. The place of arbitration shall be in Guangzhou. The language of the arbitration shall be in Chinese. The arbitration award shall be final and binding on all parties. 

Section 5     Miscellaneous 

Section 5.1     This Agreement shall be effective upon the signing if the party is a natural person, and seal of the company if the
party is a legal person. 
 Section 5.2      This Agreement is executed in four originals and each party holds one which shall be
equally effective. 
 Section 5.3      Provided that any conflicts between this Agreement and other instruments following the
execution of this Agreement, unless otherwise expressly stipulated thereunder, this Agreement shall prevail. 
 [Signature Page Follows] 

 [Signature Page] 

Party A: 
 Huazhi Hu (signature): /s/ Huazhi Hu 

Yifang Xiong (signature): /s/ Yifang Xiong 
 Party B: EHang
Intelligent Equipment (Guangzhou) Co., Ltd. 
 Authorized Representative: /s/ Huazhi Hu 

/s/ Seal of EHang Intelligent Equipment (Guangzhou) Co., Ltd. 

Party C: Guangzhou EHang Intelligent Technology Co., Ltd. 

Authorized Representative: /s/ Shangjin Guo 
 /s/ Seal of
Guangzhou EHang Intelligent Technology Co., Ltd.

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