Document:

EX-10.20

 Exhibit 10.20 

Intellectual Property Right License Agreement 

This Intellectual Property Right License Agreement (this “Agreement”) is made as of April 13, 2011, in Beijing, the People’s
Republic of China (the “PRC”), by and between Beijing Chukong Aipu Technology Co., Ltd., with registered address at Room 1107, Fangdi Tower, 25 Xiaoying Road, Chaoyang District, Beijing (“Party A”); and Beijing
Wan’ai Internet Technology Co., Ltd., with registered address at Room 238, 2nd Floor, Minyou Hostel, Building 23, 18 An’ningzhuang East Road, Haidian District, Beijing (“Party B”). 

(Party A and Party B collectively the “Parties”) 

WHEREAS: 
  

	A.	Party A is a wholly foreign-owned enterprise incorporated in Beijing under the laws of the PRC and the owner of the intellectual property rights set forth under the Intellectual Property Right Transfer Agreement dated
as of the date hereof by Party A and Party B, including without limitation patents, software copyrights, webpage and its formatting copyrights, technical and business secrets (the “Intellectual Property Rights”) ; 

 

	B.	Party B is a limited liability company incorporated in Beijing under the laws of the PRC, and is licensed to provide Internet information and other value-added telecommunications services with approval from Beijing
Municipal Administration of Telecommunications; and 

  

	C.	Subject to and in accordance with the terms and conditions of this Agreement, Party A agrees to grant to Party B, and Party B agrees to accept from Party A, the license to use the Intellectual Property Rights provided
under Paragraph A. 

 NOW THEREFORE, on the basis of mutual benefit and friendly negotiations, Party A and Party B agree as follows:

  

	1.	Grant of License 

  

	 	1.1	The Intellectual Property Rights under the Agreement 

  

	 	1.1.1	Under the terms and conditions under this Agreement, Party A hereby grants to Party B and Party B accepts from Party A, the license to use the Intellectual Property Rights in the PRC. The license granted hereunder is
non-exclusive, non-transferable and without sublicense. 

	 	1.1.2	Party A has sole and exclusive ownership of the Intellectual Property Rights, including any of its improvements, upgrades and derivative products, developed by Party A or Party B. Any business secret relating to the
Intellectual Property Rights is owned by Party A. The rights and obligations under this Section 1.1.2 will survive termination of this Agreement. 

  

	 	1.2	Scope 

  

	 	1.2.1	Party B shall only use the Intellectual Property Rights in the processing of its internal data by any system designated by Party B or, upon failure of the designated system, any back-up system. Without Party A’s
consent, Party B shall not sub-license the Intellectual Property Rights to any third party or use the Intellectual Property Rights for the training, business sharing or lease of any third party, unless otherwise provided under this Agreement.

  

	 	1.2.2	The License in this Agreement is valid in the PRC only. Party B agrees that it will not use, or authorize any direct or indirect use of, the Intellectual Property Rights in any other territory. 

 

	2.	Payment 

 Party B agrees to pay royalty for the Intellectual Property to Party A
(the “Royalty”). The calculation and payment of the Royalty are set forth in Schedule I. Party may waive payment of the Royalty by Party A or adjust the amount of the Royalty set forth in Schedule I from time to time. 

 

	3.	Party A’s Rights and Protection 

  

	 	3.1	Party B agrees that during and after the term of this Agreement, it will not challenge Party A’s ownership of the Intellectual Property Rights or the validity of this Agreement, and will not take action which could
in the opinion of Party A be prejudicial to the rights of Party A or the license under this Agreement. 

  

	 	3.2	Party B agrees to provide assistance necessary to protect Party A’s ownership of the Intellectual Property Rights. If any third party makes any claim against the Intellectual Property Rights, Party A may respond to
such claim in the name of Party A and/or Party B at its own discretion. If any third party makes any infringement upon the Intellectual Property Rights, Party B will immediately notify Party A of such infringement to its knowledge in writing,
provided that Party A has the sole discretion regarding whether to take any action against such infringement or not. 

	 	3.3.	Party B agrees to use the Intellectual Property Rights in strict compliance with this Agreement, and may not use the Intellectual Property Rights in a manner which, in the opinion of Party A, is fraudulent, misleading
or detrimental to the Intellectual Property Rights or the reputation of Party A. 

  

	4.	Confidentiality 

  

	 	4.1	Party B shall keep in confidence any and all confidential data and information of Party A to which it is known or has access arising from its acceptance of the license of the Intellectual Property Rights (the
“Confidential Information”). Upon termination of this Agreement, Party B shall, at Party A’s request, return all and any documents, information or software containing Confidential Information to Party A or destroy it and delete
such Confidential Information from any electronic device, and discontinue using such Confidential Information. Party B shall not disclose, grant or transfer any Confidential Information to any third party without Party A’s written consent.

  

	 	4.2	This Article 4 shall survive invalidity, change, termination, expiration or enforceability of this Agreement. 

  

	5.	Representations and Warranties 

  

	 	5.1	Party A represents and warrants as follows: 

  

	 	5.1.1	Party A is a company duly incorporated and validly existing under the laws of the PRC; 

  

	 	5.1.2	Party A’s execution and performance of this Agreement is within its corporate powers and business scope, has been duly authorized and received consents and approvals of any third party and government authorities,
if necessary, and is in no breach of any laws of corporate documents which it is bound by or subject to; 

  

	 	5.1.3	Once executed, this Agreement will constitute a legal, valid and binding agreement of Party A and will be enforceable against Party A in accordance with its terms; and 

 

	 	5.1.4	Party A is the legal owner of the Intellectual Property Rights under the Agreement. 

  

	 	5.2	Party B represents and warrants as follows: 

  

	 	5.2.1	Party B is a company duly incorporated and validly existing under the laws of the PRC, and is approved by Beijing Municipal Administration of Telecommunications to provide Internet information service;

	 	5.2.2	Party B’s execution and performance of this Agreement is within its corporate powers and business scope, has been duly authorized and received consents and approvals of any third party and government authorities,
if necessary, and is in no breach of any laws of corporate documents which it is bound by or subject to; 

  

	 	5.2.3	Once executed, this Agreement will constitute a legal, valid and binding agreement of Party B and will be enforceable against Party B in accordance with its terms. 

 

	6.	Effect and Term 

  

	 	6.1	Unless early terminated by Party A, the term of this Agreement will commence as of the date hereof and expire upon expiration of the business term of Party A or any extension thereof. At the request of Party A, the
Parties may extend the term of this Agreement prior to its expiration, and enter into separate exclusive consulting and service agreement or continue to perform this Agreement, in each case at the request of Party A. 

 

	7.	Termination 

  

	 	7.1	Early termination 

 None of Party B or its shareholders may early terminate this Agreement
during the term of this Agreement. Party A may terminate this Agreement at any time with a written notice to Party B and its shareholders no less than 30 days prior to such termination. 

 

	 	7.2	Effect of termination or expiration 

 Upon termination or expiration of this Agreement, Party B
is no longer entitled to any and all rights granted to it under this Agreement, and may not use the Intellectual Property Rights directly or indirectly. 
  

	12.	Force Majeure 

  

	 	12.1	“Force Majeure Event” shall mean any event beyond the reasonable control of each of the Parties and unavoidable even if the affected Party takes reasonable care, including but not limited to governmental acts,
Act of God, fires, explosion, storms, floods, earthquakes, morning and evening tides, lightning or wars; provided, however, that any shortage of creditability, funding or financing will not be deemed as an event beyond reasonable
controls of the affected Party. The affected Party requesting exemption of any performance of this Agreement shall immediately notify the other Party of such request in writing. 

	 	12.2	In the event that the affected Party is delayed in or prevented from performing its obligations under this Agreement by Force Majeure, the affected Party will not be liable for any damage arising from such a failure or
delay of performance, provided, however, that the affected Party shall take appropriate measures to minimize or remove the effects of Force Majeure and attempt to resume performance of the obligations delayed or prevented by the event
of Force Majeure, and the affected Party will not be responsible to such performance and will only be responsible to the delayed parts of performance. After the event of Force Majeure is removed, both Parties agree to resume the performance of this
Agreement with their best efforts. 

  

	9.	Dispute Resolution 

 Any and all disputes arising from or in connection with this
Agreement will be firstly settled through negotiations. If no settlement is made through negotiations within 60 days from its commencement, such dispute will be submitted to Beijing Arbitration Commission (“BAC”) for arbitration in
accordance with its then effective rules. The arbitration shall take place in Beijing. The language of arbitration shall be in Chinese. The arbitration will be conducted by three arbitrators. One arbitrator will be appointed by the claimant, one by
the respondent, and the third one (the chief arbitrator) will be jointly appointed by the other two arbitrators. If the other two arbitrators fail to reach agreement upon the candidate of the chief arbitrator within 20 days upon their respective
appointment, the chief arbitrator will be appointed by BAC according to its arbitration rules. The arbitration award shall be final and binding upon each of the Parties. 
  

	10.	Notices 

 Notice or other communications required to be given by any party pursuant to
this Agreement shall be written in English and Chinese and shall be deemed to be duly given when it is delivered personally or sent by registered mail or postage prepaid mail or by a recognized courier service or by facsimile transmission to the
address set forth below or any address notified or provided by the other Party from time to time. The notice will be duly given (i) if delivered by person, upon delivery; (ii) if delivered by mail, 10 days from the date of stamp on prepaid
airmail, or four days after it is given to internationally recognized courier; and (iii) if delivered by facsimile, upon the time of receipt shown on the confirmation thereof. 

			
	If to Party A:	  	Beijing Chukong Aipu Technology Co., Ltd.
	Attention:	  	Chen Haozhi
	Address:	  	Room 1107, Fangdi Tower, 25 Xiaoying Road, Chaoyang District, Beijing
	Phone:	  	
	Fax:	  	
		
	If to Party B:	  	Beijing Wan’ai Internet Technology Co., Ltd.
	Attention:	  	Chen Haozhi
	Address:	  	Room 1107, Fangdi Tower, 25 Xiaoying Road, Chaoyang District, Beijing
	Phone:	  	
	Fax:	  	

  

	11.	Re-transfer, Sublicense 

 Party B will not assign, pledge or sublicense any and
all of its rights and obligations under this Agreement to any third party without the written consent of Party A. 
  

	12.	Governing Law 

 The validity, performance and construction of this Agreement shall
be governed and construed by the laws of the PRC. 
  

	13.	Amendment and Supplement 

 Any amendment and supplement of this Agreement shall
come into force only after a written agreement is signed by both Party A and Party B. The amendment and supplement duly executed by both Party A and Party B shall be part of this Agreement and shall have the same legal effect as this Agreement. 

 

	14.	Severability 

 Any provision of this Agreement that is invalid or unenforceable
due to the violation of relevant laws in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability, without affecting in any way the remaining provisions hereof. 

 

	15.	Schedules 

 Any schedule attached hereto is an integral part of this Agreement and
has the same legal effect as this Agreement. 
  

	16.	Counterparts 

 This Agreement is made in Chinese in four originals. 

[Remaining intentionally left blank] 

 IN WITNESS WHEREOF, Party A and Party B hereto have caused this Agreement to be duly executed on their
behalf by a duly authorized representative as of the date first written above. 
  

			
	Party A:	    	Beijing Chukong Aipu Technology Co., Ltd. (company seal)
	By:	    	/s/ CHEN Haozhi
	Chairman	    	
		
	Party B:	    	Beijing Wan’ai Internet Technology Co., Ltd. (company seal)
	By:	    	/s/ CHEN Haozhi
	Director	    	

 Schedule I 

Calculation and Payment Of Royalty 
 The
amount of the Royalty will be 10% of total annual business income of Party B, and will be payable to an account designated by Party A no less than December 31st of each applicable year. Party
A has the sole discretion to waive payment of the royalty by Party B.EX-10.21

 Exhibit 10.21 

Domain Names and Trademarks Pledge Agreement 

This Domain Names and Trademarks Pledge Agreement (this “Agreement”) is made as of April 13, 2011, in Beijing, the People’s
Republic of China (the “PRC”) by and by and between Beijing Chukong Aipu Technology Co., Ltd., with registered address at Room 1107, Fangdi Tower, 25 Xiaoying Road, Chaoyang District, Beijing (“Party A”); and
Beijing Wan’ai Internet Technology Co., Ltd., with registered address at Room 238, 2nd Floor, Minyou Hostel, Building 23, 18 An’ningzhuang East Road, Haidian District, Beijing (“Party B”). 

(Party A and Party B collectively the “Parties”) 

WHEREAS: 
  

	1.	Party A is a wholly foreign-owned enterprise duly incorporated and validly existing under the PRC laws; 

  

	2.	Party B is a limited liability company duly incorporated and validly existing under the PRC laws, and has the ownership of the domain names and trademarks listed in Schedule I attached hereto (the “Domain Names
and Trademarks”); 

  

	3.	Party A and Party B have entered into an Exclusive Consulting and Services Agreement and an Intellectual Property Licensing Agreement, each dated as of the date hereof. Party A, Party B and all shareholders of Party B
have entered into an Equity Disposal Agreement and Business Operations Agreement, each dated as of the date hereof; and 

  

	4.	To ensure normal receipt of service fee and license fee by Party A from Party B owned by Party B and performance of the Equity Disposal Agreement and the Business Operations Agreement, Party B (the
“Pledger”) will pledge its ownership of the Domain Names and Trademarks as security for performance of the above agreements in favor of Party A (the “Pledgee”). 

NOW, THEREFORE, the Parties hereby agree and intend to be legally bound as follows through friendly negotiations and in the principles of equity and mutual
benefit: 
  

	1.	Definitions 

 Unless otherwise provided herein, the terms below shall have the following
meanings: 
  

	 	1.1	Pledge: means all provisions under Article 2 of this Agreement. 

  

	 	1.2	Domain Names and Trademarks: means the domain names and trademarks listed in Schedule I attached hereto. 

  
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	 	1.3	Agreements: means the Exclusive Consulting and Services Agreement, the Equity Disposition Agreement, the Business Operations Agreement, and the Intellectual Property Licensing Agreement, each dated as of the date
hereof, by Party A, Party B and any other relevant parties thereto. 

  

	 	1.4	Event of Default: means any of the circumstances set forth in Article 7 of this Agreement. 

  

	 	1.5	Notice of Default: means the notice declaring an Event of Default issued by Party A pursuant to this Agreement. 

  

	2.	The Pledge 

  

	 	2.1	The Pledger will pledge the domain names and trademarks owned by it in favor of Party A as security for the interests and benefits of Party A under the Agreements. 

 

	 	2.2	The domain names and trademarks pledged under this Agreement will provide security for all fees (including legal fees) and expenses payable to Party A; losses, interests, liquidated damages, indemnities, expenses
incurred in pursuing creditor’s claim; the liabilities for Party A when the Agreements are wholly or partially void; each by Party B and its shareholders under the Agreements. 

 

	 	2.3	The Pledge means the entitlement granted to Party A to make priority claim for the proceeds from the discount, auction or sale of the Domain Names and Trademarks pledged in favor of Party A. 

 

	 	2.4	Unless otherwise expressly agreed by Party A after this Agreement becomes effective, the Pledge will not be released unless and until each of Party B and its shareholders has duly performed all of its duties and
obligations under the Agreements and such performance is acknowledged by Party A in writing. If Party B or any of its shareholders fails to perform all or any part of its duties or obligations under any of the Agreements upon its expiration, Party A
will still have the right to enforce the Pledge until such duties and obligations are wholly performed to the satisfaction of Party A. 

  

	3.	Term 

  

	 	3.1	This Agreement and Pledge provided hereunder shall become effective as of the date of signature by each of the Parties hereto; provided, however, that if the Pledge will not be effective without
registration with competent authority according to the laws of the PRC, the Parties will promptly effect such registration according to law to make the Pledge effective. 

 

	 	3.2	During the Term of Pledge, if Party B fails to pay the consulting and/or service fees or perform any other terms under the Agreements, Party A may exercise the right to enforce the Pledge pursuant to this Agreement
after reasonable notice. 

  
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	4.	Possession and Custody of Pledge Certificate 

  

	 	4.1	The Pledger will, as soon as commercially possible after the date hereof, deliver the original certificate of its ownership of the Domain Names and Trademarks to the custody of Party A, and deliver to Party A the
documents evidencing completion of all approval and registration procedures required under the PRC laws, as well as the Pledge registration certificate from competent authority, if applicable. 

 

	 	4.2	If there is any change to the particulars of the Pledge which is required to be recorded according to law, Party A and Party B will record such change within five business days upon its occurrence and submit relevant
change registration. 

  

	 	4.3	During the term of the Pledge, the Pledger may not transfer or license the Domain Names and Trademarks to any third party, unless with agreement of the Pledger and the Pledgee. 

 

	5.	Representations and Warranties of the Pledger 

 The Pledger represents and warrants to
Party A as follows as of the date hereof and confirm that Party A’s execution and performance of this Agreement are on reliance of such representations and warranties: 
  

	 	5.1	The Pledger is valid owner of the Domain Names and Trademarks and has the right to pledge the Domain Names and Trademarks in favor of Party A. 

 

	 	5.2	No legal claim or valid interference will occur when Party A exercises the right to enforce or perfect the Pledge under this Agreement during the term hereof. 

 

	 	5.3	Party A has the right to exercise the Pledge according to law and pursuant to this Agreement. 

  

	 	5.4	Execution and performance of its obligations under this Agreement by the Pledger have received requisite corporate power and are in no violation of applicable laws and regulations, and the authorized representative
signing this Agreement has received legal and valid authority. 

  

	 	5.5	The Domain Names and Trademarks held by the Pledger is free from any encumbrance or any third party security interest (including without limitation pledge). 

 

	 	5.6	There is no pending or threatened civil, administrative or criminal actions, administrative proceedings or arbitration regarding the Domain Names and Trademarks. 

 

	 	5.7	There is no overdue taxes, expenses, legal proceedings or procedures regarding the Domain Names and Trademarks. 

  

	 	5.8	All terms of this Agreement represent its true expressions and have binding effect upon it. 

  
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	6.	Covenants of the Pledger 

  

	 	6.1	The Pledger covenants to Party A that during the term of this Agreement, the Pledgers shall: 

  

	 	6.1.1	not transfer the Domain Names and Trademarks, create or permit the existence of any third party security interest or other encumbrance that may affect Party A’s rights and interests in the Domain Names and
Trademarks without the prior written consent of Party A; 

  

	 	6.1.2	comply with all applicable laws and regulations, and within 5 days of receipt of any notice, order or advice from relevant competent authorities regarding the Pledge, present such notice, order or advice to Party A, and
take any action reasonably instructed by Party A; 

  

	 	6.1.3	promptly notify Party A of any event or notice received by the Pledgers which may affect Party A’s rights to the Domain Names and Trademarks or any portion thereof, as well as any event or notice received by the
Pledgers which affect performance of the obligations of the Pledgers under this Agreement, and take any action reasonably instructed by Party A. 

  

	 	6.2	The Pledger agrees that Party A’s exercise of its rights under this Agreement shall not be interrupted or prejudiced by the Pledger or any of its successors or assigns. 

 

	 	6.3	To protect or perfect the security interest granted under this Agreement for the obligations of the Pledger and/or its shareholders under the Agreements, the Pledger hereby undertakes to make all necessary amendments,
if applicable, to its articles and the articles of the company, execute in good faith and to cause any other party having an interest in the Pledge to execute all certificates and deeds required by Party A, and/or perform and cause any other party
having an interest in the Pledge to take any action required by Party A, provide facility for Party A to exercise its rights of the Pledge, enter into all documents regarding change of ownership of the Domain Names and Trademarks with Party A or any
of its nominees, and provide Party A within a reasonable time with all notices, orders and decisions regarding the Pledge that are required by Party A. 

  

	 	6.4	The Pledger hereby warrants to Party A that it will comply with and perform all warranties, covenants, agreements and representations for the benefit of Party A. The Pledger shall indemnify Party A for all losses
resulting from the failure or partial performance of the warranties, promises, agreements and representations by the Pledger. 

  
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	7.	Event of Default 

  

	 	7.1	The following circumstances shall be deemed an Event of Default: 

  

	 	7.1.1	The Pledger or any of its successors or assigns fails to pay in full any payment payable under the Agreements, or the Pledger or any of its successors or assigns fails to perform its obligations thereunder;

  

	 	7.1.2	Any of representations or warranties by the Pledger in Articles 5 and 6 of this Agreement contains material misrepresentations or errors, and/or the Pledger violates any of the representations, warranties or covenants
in Articles 5 and 6 of this Agreement; 

  

	 	7.1.3	The Pledger is in material violation of this Agreement; 

  

	 	7.1.4	Except expressly provided under Section 6.1.1, the Pledger abandons the Domain Names and Trademarks pledged under this Agreement or assigns the Domain Names and Trademarks pledged under this Agreement without
written consent of Party A; 

  

	 	7.1.5	Any of the loans, guarantees, indemnifications, promises or other debt liabilities of the Pledger is required for accelerated repayment or fails to be repaid or performed when it is due and payable, as a result of which
it is in the reasonable belief of Party A that the Pledger’s capability to perform this Agreement has been affected, which will consequently affect the interests of Party A; 

 

	 	7.1.6	The Pledger fails to repay its debts or other liabilities in its ordinary course of business, which will consequently affect the interests of Party A; 

 

	 	7.1.7	The promulgation of applicable laws renders this Agreement illegal or renders it impossible for the Pledger to continue to perform its obligations under this Agreement; 

 

	 	7.1.8	Any approval, license, permit or authorization of government agencies that makes this Agreement enforceable, legal and effective is withdrawn, terminated, invalidated or materially changed; 

 

	 	7.1.9	There occurs any adverse change to any of the assets owned by the Pledger, as a result of which Party A believes that the Pledger’s capability to perform this Agreement has been affected; and 

 

	 	7.1.10	Any other circumstances under which Party A may not exercise its right with respect to the Pledge according to law. 

  

	 	7.2	The Pledger shall immediately notify Party A in writing upon its knowledge or discovery of occurrence of any circumstances or event which may lead to any of the circumstances described in Section 7.1.

  
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	 	7.3	Unless an Event of Default set forth in this Section 7.1 has been resolved to its satisfaction, Party A may issue a Notice of Default to the Pledger in writing upon the occurrence of the Event of Default or at any
time thereafter demanding immediate payment of all amounts due and payable under the Agreements or performance of all or any part of the terms under the Agreements by the Pledgers. If the Pledger or its shareholders fails to correct its default or
take any necessary remedy within 10 days upon issue of the Notice of Default, Party A will have the right to enforce the Pledge under Article 8. 

  

	8.	Enforcement of the Pledge 

  

	 	8.1	Prior to full payment of the fees and performance of the obligations under the Agreements, the Pledger may not assign the Pledge without written consent of Party A. 

 

	 	8.2	Party A will issue a Notice of Default to the Pledger when it exercises the right to enforce the Pledge. 

  

	 	8.3	Subject to the provisions of Section 7.3, Party A may exercise the right to enforce the Pledge in accordance with Section 7.3 at any time after the issuance of the Notice of Default. 

 

	 	8.4	Party A will have the right to dispose all or any of the Domain Names and Trademarks pledged under this Agreement at discount, by auction or sale, until any fees or other amounts payable under the Agreements are fully
paid and each of the Agreements is fully performed. 

  

	 	8.5	When Party A disposes the Pledge in accordance with this Agreement, the Pledger shall not create any obstacle, but shall provide support necessary for Party A to enforce the Pledge in accordance with this Agreement.

  

	9.	Assignment 

  

	 	9.1	Without prior written consent from Party A, the Pledger may not assign any of its rights and obligations under this Agreement to any third party. 

 

	 	9.2	This Agreement shall be binding upon the Pledger and its successors, and remain valid with respect to Party A and its successors and assigns. 

 

	 	9.3	Party A may at any time assign any and all of its rights and obligations under the Agreements to any third party designated by it, under which circumstance the assign shall have the rights and obligations of Party A
under this Agreement. When Party A assigns its rights and obligations under the Agreements and upon Party A’s request, the Pledger shall execute any agreement and/or other document relating to such assignment. 

  
 6 

	 	9.4	In the event of any change in the pledgee arising from any assignment, the Pledger and the pledgee will enter into a new pledge agreement and the Pledgers will be responsible to effect all relevant registration
procedures. 

  

	10.	Handling Fees and Other Expenses 

 All fees and out of pocket expenses relating to this
Agreement, including but not limited to legal fees, production expenses, stamp tax and any other taxes and fees, shall be equally borne by Party A and Party B. 
  

	11.	Force Majeure 

  

	 	11.1	“Force Majeure Event” shall mean any event beyond the reasonable control of each of the Parties and unavoidable even if the affected Party takes reasonable care, including but not limited to governmental acts,
Act of God, fires, explosion, storms, floods, earthquakes, morning and evening tides, lightning or wars; provided, however, that any shortage of creditability, funding or financing will not be deemed as an event beyond reasonable
controls of the affected Party. The affected Party seeking for the exemption of any performance of this Agreement shall forthwith inform the other Party of such event and its proposed measures to make further performance. 

 

	 	11.2	If performance of this Agreement is delayed or interfered due to the any Force Majeure Event, the affected Party will not be held liable for such delay or interference. The affected Party shall take necessary measures
to minimize or eliminate any adverse impact from the Force Majeure Event and strive to resume the performance of this Agreement so delayed or interfered. The Parties agree to use their best efforts to restore performance of this Agreement when the
Force Majeure Event disappears. 

  

	12.	Governing Law and Resolution of Disputes 

  

	 	12.1	The execution, validity, performance, construction of this Agreement, and the resolution of disputes hereunder shall be governed by laws of PRC. 

 

	 	12.2	Any and all disputes arising from or in connection with this Agreement will be firstly settled through negotiations. If no settlement is made through negotiations within 60 days from its commencement, such dispute will
be submitted to Beijing Arbitration Commission (“BAC”) for arbitration in accordance with its then effective rules. The arbitration shall take place in Beijing. The language of arbitration shall be in Chinese. The arbitration will
be conducted by three arbitrators. One arbitrator will be appointed by the claimant, one by the respondent, and the third one (the chief arbitrator) will be jointly appointed by the other two arbitrators. If the other two arbitrators fail to reach
agreement upon the candidate of the chief arbitrator within 20 days upon their respective appointment, the chief arbitrator will be appointed by BAC according to its arbitration rules. The arbitration award shall be final and binding upon each of
the Parties. 

  
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	 	12.3	Except for the matters under dispute, each of the Parties shall continue to perform their respective obligations under this Agreement in good faith. 

 

	13.	Notices 

 All notices or other correspondences given by either Party pursuant to this
Agreement shall be made in writing and may be delivered in person, by registered mail, postage prepaid mail, recognized courier service or facsimile to the following addresses. 

If to Party A: Beijing Chukong Aipu Technology Co., Ltd. 

 

			
	Attention:	  	Chen Haozhi
	Address:	  	Room 1107, Fangdi Tower, 25 Xiaoying Road, Chaoyang District, Beijing
	Phone:	  	
	Fax:	  	

 If to Party B: Beijing Wan’ai Internet Technology Co., Ltd. 

 

			
	Attention:	  	Chen Haozhi
	Address:	  	Room 1107, Fangdi Tower, 25 Xiaoying Road, Chaoyang District, Beijing
	Phone:	  	
	Fax:	  	

  

	14.	Schedules 

 The schedules attached hereto shall be an integral part of this Agreement.

  

	15.	Waiver 

 Party A’s failure or delay to exercise any rights, powers or privileges
hereunder shall not operate as a waiver thereof. Any single or partial exercise of its rights, powers or privileges under this Agreement by Party A shall not preclude its further exercise of any other rights, powers or privileges. The rights,
remedies, powers and privileges under this Agreement are accumulative and not exclusive of any rights, remedies, powers and privileges under any laws. 
  

	16.	Miscellaneous 

  

	 	16.1	Any amendment, change or supplement to this Agreement shall be in writing and shall become effective upon signature and affixture of seal by each of the Parties. 

  
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	 	16.2	It is confirmed by the Parties that this Agreement represents fair and reasonable agreements made on the basis of equity and mutual benefits. If any clause hereof is held invalid or unenforceable due its inconsistency
with applicable laws in any jurisdiction, such clause shall be invalid or unenforceable only in such jurisdiction and will not have effect upon the remainder of this Agreement. 

 

	 	16.3	This Agreement is written in Chinese in four originals. 

 [Remaining intentionally left blank]

  
 9 

 Signature page of Domain Names and Trademarks Pledge Agreement 

 

			
	Party A:	 	Beijing Chukong Aipu Technology Co., Ltd. (company seal)
	By:	 	/s/ CHEN Haozhi
	Chairman	 	
		
	Party B:	 	Beijing Wan’ai Internet Technology Co., Ltd. (company seal)
	By:	 	/s/ CHEN Haozhi
	Director	 	

  
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