Document:

Form of Employment Agreement between the Registrant

  
 Exhibit 10.4 

FORM OF EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of
                     by and between Youku.com Inc., a company incorporated and existing under the laws of the Cayman Islands (the
“Company”) and                     , an individual (the “Executive”). The term “Company” as used
herein with respect to all obligations of the Executive hereunder shall be deemed to include the Company and all of its direct or indirect parent companies, subsidiaries, affiliates, or subsidiaries or affiliates of its parent companies
(collectively, the “Group”). 
 RECITALS 
 A. The Company desires to employ the Executive and to assure itself of the services of the Executive during the term of Employment (as defined below). 
 B. The Executive desires to be employed by the Company during the term of Employment and under the terms and conditions of this Agreement. 
 AGREEMENT 
 The parties hereto agree as follows: 

 

	1.	POSITION 

 The Executive hereby accepts a
position of                      (the “Employment”) of the Company. 

 

	2.	TERM 

 Subject to the terms and conditions of
this Agreement, the initial term of the Employment shall be [four] years, commencing on                     ,
200     (the “Effective Date”), until                     , 200    , unless
terminated earlier pursuant to the terms of this Agreement. Upon expiration of the initial [four-year] term, the Employment shall be automatically extended for successive [one-year] terms unless either party gives the other party hereto a prior
written notice to terminate the Employment prior to the expiration of such one-year term or unless terminated earlier pursuant to the terms of this Agreement. 
  

	3.	PROBATION 

 [There is no probation period for
this Employment.] 
  

	4.	DUTIES AND RESPONSIBILITIES 

 The
Executive’s duties at the Company will include all jobs assigned by the Board of Directors of the Company (the “Board”) and the Company’s Chief Executive Officer. The Executive hereby agrees and acknowledges that one of
his/her initial primary responsibilities is to
                                        .

 The Executive shall devote all of his/her working time, attention and skills to the performance of his/her duties at the Company and
shall faithfully and diligently serve the Company in accordance with this Agreement and the guidelines, policies and procedures of the Company approved from time to time by the Board. 

  
 The Executive shall use his/her
best efforts to perform his/her duties hereunder. The Executive shall not, without the prior written consent of the Board, become an employee or consultant of any entity other than the Company and/or any member of the Group, and shall not carry on
or be interested in the business or entity that competes with that carried on by the Group (any such business or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from holding any shares or
other securities of any Competitor that is listed on any securities exchange or recognized securities market anywhere. The Executive shall notify the Company in writing of his/her interest in such shares or securities in a timely manner and with
such details and particulars as the Company may reasonably require. 
  

	5.	NO BREACH OF CONTRACT 

 The Executive hereby
represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms
of any other agreement or policy to which the Executive is a party or otherwise bound, except for agreements that are required to be entered into by and between the Executive and any member of the Group pursuant to applicable law of the jurisdiction
where the Executive is based, if any; (ii) that the Executive has no information (including, without limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated by, the
Executive entering into this Agreement or carrying out his/her duties hereunder; and (iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement (other than this) with any other person or entity except for
other member(s) of the Group, as the case may be. 
  

	6.	LOCATION 

 The Executive will be based in
                     until both parties hereto agree to change otherwise. 

 

	7.	COMPENSATION AND BENEFITS 

  

	 	(a)	Cash Compensation. The Executive’s cash compensation shall be provided by the Company pursuant to Schedule A hereto, subject to annual review and adjustment by
the Board. 

  

	 	(b)	Equity Incentives. The Executive will be entitled to receive [options under the Company’s 2006 Stock Option Scheme, as amended (the
“Scheme”)][restricted shares under the 2010 Share Incentive Plan (the “Plan”)] pursuant to the following principal terms, subject to terms and conditions of the [Scheme][Plan] and the applicable award agreement:

  

	 	[(1)	The Executive shall receive an option to purchase [    ] ordinary shares of the Company (the “Option”); 

 

	 	(2)	The exercise price of the Option shall be at US$[    ] per share; and 

 

	 	(3)	The Option shall vest at the following schedule: (i) one-sixth of the Option shall be vested upon the first anniversary of the grant date; (ii) one-twelfth of the
Option shall be vested upon the last day of each three-month period of the second and third year after the grant date; and (iii) one-twenty fourth of the option shall be vested upon the last day of each three-month period of the fourth year
after the grant date.] 

  
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	 	[(1)	The Executive shall receive [    ] restricted shares (the “Awards”); and 

 

	 	(2)	The Award shall vest at the following schedule: [    ]] 

  

	 	(c)	Benefits. The Executive is eligible for participation in any standard employee benefit plan of the Company, including any health insurance plan and annual holiday plan.

  

	8.	TERMINATION OF THE AGREEMENT 

  

	 	(a)	By the Company. The Company may terminate the Employment for cause, at any time, without advance notice or remuneration, if (1) the Executive is convicted or pleads
guilty to a felony or to an act of fraud, misappropriation or embezzlement, (2) the Executive has been negligent or acted dishonestly to the detriment of the Company, (3) the Executive has engaged in actions amounting to misconduct or
failed to perform his/her duties hereunder and such failure continues after the Executive is afforded a reasonable opportunity to cure such failure, (4) the Executive has died, or (5) the Executive has a disability which shall mean a
physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to perform the essential functions of his/her employment with the Company, even with reasonable accommodation that does not impose an undue
hardship on the Company, for more than 180 days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period would apply. In addition, the Company may terminate the Employment without cause, at any
time, upon one-month prior written notice to the Executive. Upon termination without cause, the Company shall provide the Executive with severance benefits, including (i) compensation equivalent to [six months] of the Executive’s cash
compensation that he/she is entitled to immediately prior to such termination, (ii) health care coverage for [six months] following date of termination to the same extent that the Executive would have been entitled to had his/her employment
continued during such [six-month] period, and (iii) [payment of an annual bonus in an amount equivalent to the annual bonus the Executive received for the year prior to the year in which the termination occurs]. Notwithstanding the forgoing, if
the applicable law of the jurisdiction where the Executive is based requires more compensation to the Executive, such laws and regulations shall be followed. 

 

	 	(b)	By the Executive. The Executive may terminate the Employment at any time with a one-month prior written notice to the Company, if (1) there is any significant change
in the Executive’s authorities and responsibilities inconsistent in any material and adverse respect with his/her title and position, or (2) there is a material reduction in the Executive’s annual salary before the next annual salary
review. Under such circumstances, the Executive is entitled to the same severance benefits as in the situation of termination by the Company without cause as set forth in Section 8(a) above. In addition, the Executive may resign prior to the
expiration of this Agreement upon six-month prior written notice. 

  
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	 	(c)	Notice of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written notice of termination from the terminating
party to the other party. The notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination. 

  

	9.	CONFIDENTIALITY AND NONDISCLOSURE 

  

	 	(a)	Confidentiality and Non-disclosure. In the course of the Executive’s services, the Executive may have access to the Company and/or the Company’s client’s
and/or prospective client’s trade secrets and confidential information, including but not limited to those embodied in memoranda, manuals, letters or other documents, computer disks, tapes or other information storage devices, hardware, or
other media or vehicles, pertaining to the Company and/or the Company’s client’s and/or prospective client’s business. All such trade secrets and confidential information are considered confidential. All materials containing any such
trade secret and confidential information are the property of the Company and/or the Company’s client and/or prospective client, and shall be returned to the Company and/or the Company’s client and/or prospective client upon expiration or
earlier termination of this Agreement. The Executive shall not directly or indirectly disclose or use any such trade secret or confidential information, except as required in the performance of the Executive’s duties in connection with the
Employment, or pursuant to applicable law. 

  

	 	(b)	Trade Secrets. During and after the Employment, the Executive shall hold the Trade Secrets in strict confidence; the Executive shall not disclose these Trade Secrets to
anyone except other employees of the Company who have a need to know the Trade Secrets in connection with the Company’s business. The Executive shall not use the Trade Secrets other than for the benefits of the Company.

 “Trade Secrets” means information deemed confidential by the Company, treated by the Company or which the
Executive knows or ought reasonably to have known to be confidential, and trade secrets, including without limitation designs, processes, pricing policies, methods, inventions, conceptions, technology, technical data, financial information,
corporate structure and know-how, relating to the business and affairs of the Company and its subsidiaries, affiliates and business associates, whether embodied in memoranda, manuals, letters or other documents, computer disks, tapes or other
information storage devices, hardware, or other media or vehicles. Trade Secrets do not include information generally known or released to public domain through no fault of the Executive. 

 

	 	(c)	Former Employer Information. The Executive agrees that he/she has not and will not, during the term of his/her employment improperly use or disclose any proprietary
information or trade secrets of any former employer or other person or entity with which the Executive has an agreement to keep in confidence information acquired by Executive, if any. The Executive will indemnify the Company and hold it harmless
from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation of the foregoing. 

 

	 	(d)	Third Party Information. The Executive recognizes that the Company may have received, and in the future may receive, from third parties their confidential or proprietary
information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Executive agrees that the Executive owes the Company and such third parties, during the
Executive’s employment by the Company and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person or firm and to use it in a manner consistent with, and for
the limited purposes permitted by, the Company’s agreement with such third party. 

  
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 This Section 9 shall survive
the termination of this Agreement for any reason. In the event the Executive breaches this Section 9, the Company shall have right to seek remedies permissible under applicable law. 

 

	10.	INVENTIONS 

  

	 	(a)	Inventions Retained and Licensed. The Executive has attached hereto, as Schedule B, a list describing all inventions, ideas, improvements, designs and discoveries,
whether or not patentable and whether or not reduced to practice, original works of authorship and trade secrets made or conceived by or belonging to the Executive (whether made solely by the Executive or jointly with others) that (i) were
developed by Executive prior to the Executive’s employment by the Company (collectively, “Prior Inventions”), (ii) relate to the Company’ actual or proposed business, products or research and development, and
(iii) are not assigned to the Company hereunder; or, if no such list is attached, the Executive represents that there are no such Prior Inventions. Except to the extent set forth in Schedule B, the Executive hereby acknowledges that, if
in the course of his/her service for the Company, the Executive incorporates into a Company product, process or machine a Prior Invention owned by the Executive or in which he has an interest, the Company is hereby granted and shall have a
nonexclusive, royalty-free, irrevocable, perpetual, worldwide right and license (which may be freely transferred by the Company to any other person or entity) to make, have made, modify, use, sell, sublicense and otherwise distribute such Prior
Invention as part of or in connection with such product, process or machine. 

  

	 	(b)	Disclosure and Assignment of Inventions. The Executive understands that the Company engages in research and development and other activities in connection with its
business and that, as an essential part of the Employment, the Executive is expected to make new contributions to and create inventions of value for the Company. 

 From and after the Effective Date, the Executive shall disclose in confidence to the Company all inventions, improvements, designs, original works of authorship, formulas, processes, compositions of matter,
computer software programs, databases, mask works and trade secrets (collectively, the “Inventions”), which the Executive may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or
reduced to practice, during the period of the Executive’s Employment at the Company. The Executive acknowledges that copyrightable works prepared by the Executive within the scope of and during the period of the Executive’s Employment with
the Company are “works for hire” and that the Company will be considered the author thereof. The Executive agrees that all the Inventions shall be the sole and exclusive property of the Company and the Executive hereby assign all his/her
right, title and interest in and to any and all of the Inventions to the Company or its successor in interest without further consideration. 
  

	 	(c)	Patent and Copyright Registration. The Executive agrees to assist the Company in every proper way to obtain for the Company and enforce patents, copyrights, mask work
rights, trade secret rights, and other legal protection for the Inventions. The Executive will execute any documents that the Company may reasonably request for use in obtaining or enforcing such patents, copyrights, mask work rights, trade secrets
and other legal protections. The Executive’s obligations under this paragraph will continue beyond the termination of the Employment with the Company, provided that the Company will reasonably compensate the Executive after such termination for
time or expenses actually spent by the Executive at the Company’s request on such assistance. The Executive appoints the Secretary of the Company as the Executive’s attorney-in-fact to execute documents on the Executive’s behalf for
this purpose. 

  
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	 	(d)	Return of Confidential Materials. In the event of the Executive’s termination of employment with the Company for any reason whatsoever, Executive agrees promptly to
surrender and deliver to the Company all records, materials, equipment, drawings, documents and data of any nature pertaining to any confidential information or to his/her employment, and Executive will not retain or take with him/her any tangible
materials or electronically stored data, containing or pertaining to any confidential information that Executive may produce, acquire or obtain access to during the course of his/her employment. 

This Section 10 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 10, the
Company shall have right to seek remedies permissible under applicable law. 
  

	11.	NON-COMPETITION AND NON-SOLICITATION 

 In
consideration of the base salary provided to the Executive by the Company hereunder, the adequacy of which is hereby acknowledged by the parties hereto, the Executive agrees that during the term of the Employment and for a period of one year
following the termination of the Employment for whatever reason: 
  

	 	(a)	The Executive will not approach clients, customers or contacts of the Company or other persons or entities introduced to the Executive in the Executive’s capacity as a
representative of the Company for the purposes of doing business with such persons or entities which will harm the business relationship between the Company and such persons and/or entities; 

 

	 	(b)	unless expressly consented to by the Company, the Executive will not assume employment with or provide services for any Competitor, or engage, whether as principal, partner,
licensor or otherwise, any Competitor; and 

  

	 	(c)	unless expressly consented to by the Company, the Executive will not seek directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to
solicit the services of any employee of the Company employed as at or after the date of such termination, or in the year preceding such termination. 

 The provisions contained in this Section 11 are considered reasonable by the Executive and the Company. In the event that any such provisions should be found to be void under applicable laws but would be valid
if some part thereof was deleted or the period or area of application reduced, such provisions shall apply with such modification as may be necessary to make them valid and effective. 

  
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 This Section 11 shall
survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 11, the Executive acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief
and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate). In any event, the Company shall have right to seek all remedies permissible under applicable law. 

 

	12.	ASSIGNMENT 

 This Agreement is personal in its
nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or any
rights or obligations hereunder to any member of the Group without such consent, and (ii) in the event of a change-of-control transaction of the Company, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the
benefit of such successor and such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder. 
  

	13.	SEVERABILITY 

 If any provision of this
Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this
Agreement are declared to be severable. 
  

	14.	ENTIRE AGREEMENT 

 This Agreement constitutes
the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The Executive acknowledges that
he/she has not entered into this Agreement in reliance upon any representation, warranty or undertaking which is not set forth in this Agreement. 
  

	15.	GOVERNING LAW 

 This Agreement shall be
governed by and construed in accordance with the law of the State of New York, U.S.A. 
  

	16.	AMENDMENT 

 This Agreement may not be amended,
modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to this Agreement, which agreement is executed by both of the parties hereto. 

 

	17.	WAIVER 

 Neither the failure nor any delay on
the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of
the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other
occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver. 

  
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	18.	NOTICES 

 All notices, requests, demands and
other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, or (iii) sent by a
recognized courier with next-day or second-day delivery to the last known address of the other party. 
  

	19.	COUNTERPARTS 

 This Agreement may be executed
in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one or
more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose.

  

	20.	NO INTERPRETATION AGAINST DRAFTER 

 Each party
recognizes that this Agreement is a legally binding contract and acknowledges that such party has had the opportunity to consult with legal counsel of choice. In any construction of the terms of this Agreement, the same shall not be construed
against either party on the basis of that party being the drafter of such terms. 
 [Remainder of this page has been intentionally left
blank.] 

  
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 IN WITNESS WHEREOF, this
Agreement has been executed as of the date first written above. 
  

			
	Youku.com Inc.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

			
	Executive
		
	 Signature:
	 	  

	 Name:
	 	

  
 Schedule A 

Cash Compensation 
  

					
	 	  	 Amount
	  	 Pay Period

	 Base Salary
	  		  	
			
	 Cash Bonus
	  		  	

  
 10 

  
 Schedule B 

List of Prior Inventions 
  

					
	 Title
	  	 Date
	  	 Identifying Number

or Brief Description

	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

          No inventions or improvements

          Additional Sheets Attached 
 Signature of Executive:                      
 Print Name of Executive:                      
 Date:                      

  
 11Amended and Restated Business Operations Agreement, dated as of August 16, 2010

  
 Exhibit 10.5 

 
  
 AMENDED AND RESTATED 
 BUSINESS OPERATIONS AGREEMENT 

This Amended and Restated Business Operations Agreement (this “Agreement”) is entered in Beijing, the People's Republic of China (the
“PRC”, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan, for the purposes of this Agreement) and dated August 16, 2010 

by and among the following parties: 
  

	(1)	PARTY A: 1VERGE INTERNET TECHNOLOGY (BEIJING) CO., LTD. 

 Legal Address: Section D, 5/F, SinoSteel Plaza, No 8, Haidian Street, Haidian District, Beijing, China 

Legal Representative: Victor Wing Cheung Koo 
  

	(2)	PARTY B: 1VERGE INFORMATION TECHNOLOGY (BEIJING) CO., LTD. 

 Legal Address: Section A&C, 5/F, SinoSteel Plaza, No 8, Haidian Street, Haidian District, Beijing, China 
 Legal Representative: QIN Qiong 
  

	(3)	PARTY C: QIN QIONG 

  

	(4)	PARTY D: LIU DELE 

 (Individually a “Party”, and
collectively the “Parties”) 
 WHEREAS: 
  

	A.	Party A is a wholly foreign-owned enterprise registered in the PRC; 

  

	B.	Party B is a wholly domestic-owned company registered in the PRC and is approved by relevant governmental authorities to engage in the business of providing Internet information
services and value-added telecommunications services; 

  

	C.	A business relationship has been established between Party A and Party B by entering into Exclusive Technical and Consulting Services Agreement, pursuant to which Party B is
required to make all the stipulated payments to Party A. Therefore, the daily operations of Party B will have a material impact on its ability to pay the payables to Party A; 

 

	D.	Party C and Party D are the shareholders of Party B, who own 80% and 20% equity interest, respectively, in Party B. 

 

	E.	The Parties concluded two business operations agreements in March, 2006 and November, 2007 (the “Previous Agreements”), which were in form and substance similar
to this Agreement. The Parties have strictly performed and complied with all stipulations under the Previous Agreements. The Parties believe that it is in the best interest of the Parties to amend and restate the Previous Agreements.

  
  

					
	 Amended and Restated
 Business Operations
Agreement
	  	-1-	  	

  
  

  
 THEREFORE, through friendly
negotiation in the principle of equality and common interest, the Parties hereby jointly agree to abide by the following: 
  

	1.	Effective Date 

 This Agreement shall
be effective upon its being signed by the Parties hereunder (“Effective Date”). 
  

	2.	Negative Undertakings 

 In order to
ensure Party B's performance of the agreements between Party A and Party B and all its obligations born to Party A, Party B together with its shareholders Party C and Party D hereby jointly confirm and agree that unless Party B has obtained a prior
written consent from Party A or another party appointed by Party A, Party B shall not conduct any transaction which may materially affect its assets, obligations, rights or operations, including but not limited to the following contents: 

 

	 	2.1	To conduct any business that is beyond the normal business scope; 

  

	 	2.2	To borrow money or incur any debt from any third party; 

  

	 	2.3	To change or dismiss any directors or to dismiss and replace any senior management members; 

 

	 	2.4	To sell to or acquire from any third party any assets or rights, including but not limited to any intellectual property rights; 

 

	 	2.5	To provide guarantee for any third party with its assets or intellectual property rights or to provide any other guarantee or to place any other obligations over its assets;

  

	 	2.6	To amend the articles of association of the Party B or to change its business area; 

  

	 	2.7	To change the normal business process or modify any material company policy; 

  

	 	2.8	To assign any of the rights or obligations under this Agreement herein to any third party; 

 

	 	2.9	To incur or assume any indebtedness. 

  
  

					
	 Amended and Restated
 Business Operations
Agreement
	  	-2-	  	

  
  

  

	3.	Management of Operation and Arrangements of Human Resource 

  

	 	3.1	Party B together with its shareholders Party C and Party D hereby jointly agree to accept and strictly perform the proposals in respect of the employment and dismissal of its
employees, the daily business management and financial management, etc., provided by Party A from time to time. 

  

	 	3.2	Party B together with its shareholders Party C and Party D hereby jointly and severally agree that Party C and Party D shall only appoint the personnel designated by Party A as
the Executive Director or Directors of the Board of Directors of Party B in accordance with the procedures required by the applicable laws and regulations and the articles of association of Party B, and shall cause such Executive Director or Board
of Directors of Party B to appoint the personnel designated by Party A as Party B’s General Manager, Chief Financial Officer, and other senior officers. 

 

	 	3.3	If any of the above officers resigns or is dismissed by Party A, he or she will lose the qualification to be appointed for any position in Party B and thereafter Party B, Party C
and Party D shall appoint or cause the appointment of another candidate designated by Party A to assume such position. 

  

	 	3.4	For the purpose of the above-mentioned Section 3.3, Party B, Party C and Party D shall take all the necessary internal or external procedures to accomplish the above
dismissal and engagement in accordance with the relevant laws and regulations, the articles of association of Party B and this Agreement. 

  

	 	3.5	Each of Party C and Party D hereby agrees to, upon the execution of this Agreement, simultaneously sign a Power of Attorney, pursuant to which each of Party C and Party D shall
authorize the persons designated by Party A to exercise his or her shareholders' rights, including the full voting right of a shareholder at Party B's shareholders' meetings. Each of Party C and Party D further agrees to replace the authorized
person appointed according to the above mentioned Power of Attorneys at any time according to the requirement of Party A. 

Party A hereby designates and authorizes Mr. Victor Wing Cheung Koo to serve as the person designated by Party A as noted in the preceding
paragraph, until such time as Party A dismisses Mr. Victor Wing Cheung Koo as its authorized representative and replaces and authorizes another person to serve as his substitute. Each of Party C and Party D hereby confirms and acknowledges this
designation and authorization. 

  
  

					
	 Amended and Restated
 Business Operations
Agreement
	  	-3-	  	

  
  

  

	4.	Other Agreements 

  

	 	4.1	Given (i) that the business relationship between Party A and Party B has been established through the Exclusive Technical and Consulting Services Agreement, the Trademark
License Agreement and the Domain Name License Agreement and (ii) that the daily business activities of Party B will have a material impact on Party B’s ability to pay the payables to Party A, each of Party C and Party D agrees that:

  

	 	•	 	 he/she shall not put forward, or vote in favor of, any shareholder resolution to, or otherwise request Party B to, distribute profits, funds, assets or property
to the shareholders of Party B or any of its affiliates; and 

  

	 	•	 	 he/she shall not put forward, or vote in favor of, any shareholder resolution to, or otherwise request Party B to, issue any dividends or other distributions
with respect to the equity interest of Party B held by Party C or Party D; provided, however, if such dividends or other distributions are distributed to Party C and/or Party D from Party B, he/she will immediately and unconditionally pay or
transfer to Party A any dividends or other distributions in whatsoever form obtained from Party B as a shareholder of Party B at the time such payables arise, after having deducted and paid any and all relevant taxes and expenses applicable to such
a shareholder as a result of his/her receipt of such dividends or other distributions. 

  

	 	4.2	If any of Party C or Party D is held liable for any legal or any other responsibilities by reason of his/her performance of his/her obligations under this Agreement and as a
shareholder of Party B, Party A shall keep each of Party C and Party D fully indemnified from any such liabilities, costs or losses (including but not limited to any and all legal expenses) incurred by Party C and/or Party D, provided that the
actions perform by Part C and/or Party D according to his/her obligations under this Agreement and as a shareholder of Party B are taken in good faith and are not contrary to the best interests of Party A and Party B. 

 

	 	4.3	To ensure that the cash flow requirements of Party B’s ordinary operations are met and/or to set off any loss accrued during such operations, Party A is obligated, only to
the extent permissible under PRC law, to provide financing support for Party B, whether or not Party B actually incurs any such operational loss. Party A’s financing support for Party B may take the form of bank entrusted loans or borrowings.
Contracts for any such entrusted loans or borrowings shall be executed separately. 

  
  

					
	 Amended and Restated
 Business Operations
Agreement
	  	-4-	  	

  
  

  

	5.	Entire Agreement and Modifications 

  

	 	5.1	This Agreement together with all the other agreements and/or documents mentioned or specifically included in this Agreement, to which Party A, Party B, Party C and/or Party D is
a party thereunder (where applicable) will be part of the whole agreements concluded in respect of the subject matters in this Agreement and shall replace all the other prior oral and written agreements, contracts, understandings and communications
among all the parties involving the subject matters of this Agreement. 

  

	 	5.2	Any modification of this Agreement shall take effect only after it is executed by each and every Party. The amendment and supplement duly executed by each and every Party shall
form part of this Agreement and shall have the same legal effect as this Agreement. 

  

	6.	Governing Law 

 The execution,
validity, performance, interpretation and disputes of this Agreement shall be governed by and construed in accordance with the PRC laws. 
  

	7.	Dispute Resolution 

  

	 	7.1	The Parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation in good faith. In case no settlement
can be reached through friendly consultation, each Party can submit such matter to the China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in accordance with the then current rules of CIETAC. The
arbitration proceedings shall take place in Beijing and shall be conducted in Chinese. The arbitration award shall be final and binding upon all the Parties. This article shall not be affected by the termination or elimination of this Agreement.

  

	 	7.2	During the process of the dispute resolution, each Party shall continue to perform its obligations in good faith according to the provisions of this Agreement except for the
subject matters in dispute. 

  

	8.	Notice 

  

	 	8.1	Any notice that is given by the Parties hereto for the purpose of performing the rights and obligations hereunder shall be in written form. Where such notice is delivered
personally, the actual delivery time is regarded as notice time; where such notice is transmitted by telex or facsimile, the notice time is the time when such notice is transmitted. If such notice (i) does not reach the addressee on a business
day or (ii) reaches the addressee after the business hours, the next business day following such day is the date of notice. The written form includes facsimile and telex. 

  
  

					
	 Amended and Restated
 Business Operations
Agreement
	  	-5-	  	

  
  

  

	 	8.2	Any notice or other correspondence hereunder provided shall be delivered to the following addresses in accordance with the above terms: 

 

					
	PARTY A	 	:	  	1VERGE INTERNET TECHNOLOGY (BEIJING) CO., LTD.
	 Address
	 	:	  	 Section D, 5/F, SinoSteel Plaza, No 8, Haidian Street,
 Haidian District, Beijing, China

	 Fax
	 	:	  	861059708818
	 Tele
	 	:	  	861058851881
	 Addressee
	 	:	  	Victor Wing Cheung Koo
			
	PARTY B	 	:	  	1VERGE INFORMATION TECHNOLOGY (BEIJING) CO., LTD.
	Address	 	:	  	 Section A&C, 5/F, SinoSteel Plaza, No 8, Haidian Street,
 Haidian District, Beijing, China

	Fax	 	:	  	861059708818
	Tele	 	:	  	861058851881
	Addressee	 	:	  	QIN Qiong
			
	PARTY C	 	:	  	QIN Qiong
	Address	 	:	  	 Room 1602, Tower 3, Palm Tree International

Apartment, 8 South Chaoyang Park Road,
 Beijing100026,
China

	Fax	 	:	  	861059708818
	Tele	 	:	  	861058851881
	Addressee	 	:	  	QIN Qiong
			
	PARTY D	 	:	  	LIU Dele
	Address	 	:	  	 Room 1701, Tower D, Sunz Garden, 98 Jianguo

Road, Chaoyang District, Beijing 100022., China

	Fax	 	:	  	861059708818
	Tele	 	:	  	861058851881
	Addressee	 	:	  	LIU Dele

  

	9.	Effectiveness, Term and Others 

  

	 	9.1	This Agreement shall be executed by a duly authorized representative of each Party on the date first written above and become effective as of the Effective Date. The term of this
agreement is ten years unless early termination occurs in accordance with the relevant provisions herein. This Agreement will extend automatically for another ten year period except that Party A provides a written notice stating its intention not to
extend this Agreement three months prior to the expiration of the initial term of this Agreement. 

  
  

					
	 Amended and Restated
 Business Operations
Agreement
	  	-6-	  	

  
  

  

	 	9.2	Party B, Party C and Party D shall not terminate this Agreement within the terms of this Agreement. Notwithstanding the above stipulation, Party A shall have the right to
terminate this Agreement at any time by issuing a prior written notice to Party B, Party C and Party D thirty (30) days before the termination. 

  

	 	9.3	In case any terms and stipulations in this Agreement are regarded as illegal or can not be performed in accordance with the applicable laws, they shall be deemed to be deleted
from this Agreement and lose their effect and this Agreement shall be treated as if they did not exist from the very beginning. However, the remaining stipulations will remain effective. Each Party shall replace the deleted stipulations with lawful
and effective stipulations, which are acceptable to each Party, through mutual negotiation. 

  

	 	9.4	Any failure or delay on the part of any Party to exercise any rights, powers or privileges hereunder shall not operate as a waiver thereof. Any single or partial exercise of such
rights, powers or privileges shall not preclude any further exercise of such rights, powers or privileges. 

  

	 	9.5	This Agreement amends and restates all Previous Agreements. In the event of any discrepancy between this Agreement and any Previous Agreement, this Agreement shall prevail to the
extent of the discrepant provisions. 

 [The space below is intentionally left blank.] 

  
  

					
	 Amended and Restated
 Business Operations
Agreement
	  	-7-	  	

  
  

  
 IN WITNESS WHEREOF, the parties
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: 1VERGE INTERNET TECHNOLOGY (BEIJING) CO., LTD. 
 (Company Seal) 
  

					
	By:	 	 /s/ Victor Wing Cheung Koo
	 	
	Authorized Representative: Victor Wing Cheung Koo	 	

 PARTY B: 1VERGE INFORMATION TECHNOLOGY (BEIJING) CO., LTD. 
 (Company Seal) 
  

					
	By:	 	 /s/ Qin Qiong
	 	
	Authorized Representative: QIN Qiong	 	

 PARTY C: QIN QIONG 
  

					
	By:	 	 /s/ Qin Qiong
	 	

 PARTY D: LIU DELE 
  

					
	By:	 	 /s/ Liu Dele
	 	

  
  

					
	 Amended and Restated
 Business Operations
Agreement
	  	-8-

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