Document:

EX-10.2

 Exhibit 10.2 

Kingsoft Cloud Holdings Limited 

(a Cayman Islands exempted company with limited liability) 

 
  

RULES RELATING TO 
 THE
SHARE AWARD SCHEME 
  
  

Adopted on February 22, 2013 

	1	 DEFINITIONS AND INTERPRETATION 

 

	1.1	 In these rules of this Scheme, unless the context otherwise requires, the following words and expressions shall
have the following meanings:- 

  

			
	“Adoption Date”	  	February 22, 2013, the date on which this Scheme is adopted by resolution of the Board;
		
	“Award”	  	an award of Shares, by the Board pursuant to Paragraph 4.1 to a Selected Employee pursuant to this Scheme;
		
	“Award Notice”	  	shall have the meaning as set out in Paragraph 4.3;
		
	“Awarded Shares”	  	in respect of a Selected Employee, such number of Shares determined by the Board and purchased by the Trustee out of cash paid by the Company by way of settlement to the Trustee pursuant to Paragraph 4.4, as proportionally adjusted
for any subdivision, consolidation, reclassification or reconstruction of the share capital of the Company from time to time;
		
	“Banks”	  	banks licensed to operate as banks in Hong Kong under the Banking Ordinance (Chapter 155 of the Laws of Hong Kong);
		
	“Board”	  	the board of directors of the Company or such committee or such sub-committee or person(s) delegated with the power and authority by the board of directors of the Company to administer this
Scheme;
		
	“Business Day”	  	has the meaning ascribed thereto in the Listing Rules;
		
	“Company”	  	Kingsoft Cloud Holdings Limited, a limited liability company organized under the laws of the Cayman Islands whose registered office is at Harneys Services (Cayman) Limited, 3rd Floor, Queensgate House, 113 South Church Street, P.O.
Box 10240, Grand Cayman, KY1-1002, Cayman Islands;
		
	“connected person(s)”	  	has the meaning ascribed thereto in the Listing Rules;
		
	“Consideration”	  	in relation to the purchase by the Trustee of the Awarded Shares, an amount equal to the par value per Awarded Share, multiplied by the relevant number of Awarded Shares granted;

  
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	“Eligible Employee”	  	employee(s) (whether full time or part time employee(s)) of the Company, its Subsidiaries or any Invested Entity;
		
	“Excluded Employee”	  	any Eligible Employee who is resident in a place where (a) the award of the Awarded Shares or the vesting or transfer of Shares pursuant to the terms of this Scheme is not permitted under the laws and regulations of such place,
or (b) in the view of the Board, the need to comply with applicable laws and regulations in such place makes it necessary or expedient to exclude such Eligible Employee, in each case as determined by the Board in its absolute
discretion;
		
	“Grant Date”	  	in respect of an Award, the date upon which such Award is deemed to be granted and accepted in accordance with Paragraph 4.3;
		
	“Group”	  	the Company and its subsidiaries or any of them and the expression “member of the Group” shall be construed accordingly;
		
	“Hong Kong”	  	the Hong Kong Special Administrative Region of the People’s Republic of China;
		
	“Invested Entity”	  	any entity in which the Group holds any equity interest;
		
	“Initial Public Offering”	  	a firm commitment underwritten initial public offering which results in the ordinary shares of the Company trading publicly on a recognized regional or national securities exchange;
		
	“Kingsoft Corporation Limited”	  	an exempted limited liability company incorporated in the British Virgin Islands on 20 March 1998 and discontinued in the British Virgin Islands and continued into the Cayman Islands on 15 November 2005, with its shares
listed on the Stock Exchange;
		
	“Lapse”	  	shall have the meaning as set out in Paragraph 4.6;
		
	“Listing Rules”	  	the Rules Governing the Listing of Securities on the Stock Exchange (as amended from time to time);

  
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	“Reference Date”	  	the date of final approval by the Board of the total number of Shares to be awarded to the Selected Employees in a single occasion pursuant to this Scheme;
		
	“Residual Cash”	  	being cash remaining in the trust fund (including but not limited to interest income derived from deposits maintained with Banks and cash income);
		
	“Scheme”	  	the “Share Award Scheme” constituted by the rules hereof, in its present form or as amended from time to time in accordance with the provisions hereof;
		
	“Selected Employee(s)”	  	Eligible Employee(s) selected by the Board pursuant to Paragraph 4.1 hereof for participation in this Scheme;
		
	“Share(s)”	  	ordinary share(s) of the Company, par value US$0.001 or such other nominal amount as shall result from a sub-division, reduction, consolidation, reclassification or reconstruction of the share
capital of the Company;
		
	“Stock Exchange”	  	the Stock Exchange of Hong Kong Limited;
		
	“subsidiary”	  	a company which is for the time being a subsidiary (within the meaning of Section 2 of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong) as modified from time to time) of the Company, whether incorporated in Hong
Kong or elsewhere;
		
	“Trust”	  	the trust constituted by the Trust Deed and known as the “Share Award Scheme Trust” or such other name as the Board may determine from time to time;
		
	“Trust Deed”	  	a trust deed dated [February 22, 2013] entered into between the Company and the Trustee (as restated, supplemented and amended from time to time);
		
	“Trust Period”	  	shall have the meaning as set out in Clause 1.1 of the Trust Deed;
		
	“Trustee”	  	Core Pacific-Yamaichi International (H.K.) Nominees Limited, and any additional or replacement trustees, being the trustee or trustees for the time being of the trusts declared in the Trust Deed; and
		
	“Vesting Date”	  	shall have the meaning as set out in Paragraph 4.5.

  
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	1.2	 In these rules of this Scheme, save where the context otherwise requires: 

 

	 	(a)	 the headings are inserted for convenience only and shall not limit, vary, extend or otherwise affect the
construction of any provision of these rules of this Scheme; 

  

	 	(b)	 references to Paragraphs are references to paragraphs of these rules of this Scheme; 

 

	 	(c)	 references to any statute or statutory provision shall be construed as references to such statute or statutory
provision as respectively amended, consolidated or re-enacted, or as its operation is modified by any other statute or statutory provision (whether with or without modification), and shall include any
subsidiary legislation enacted under the relevant statute; 

  

	 	(d)	 expressions in the singular shall include the plural and vice versa; 

 

	 	(e)	 expressions in any gender shall include other genders; and 

 

	 	(f)	 references to persons shall include bodies corporate, corporations, partnerships, sole proprietorships,
organisations, associations, enterprises, branches and entitles of any other kind. 

  

	2	 PURPOSE 

 

	2.1	 The purpose of this Scheme is to provide incentives or rewards to Selected Employees thereunder for their
contribution to the Group and/or to enable the Group to recruit and retain high-calibre employees and attract human resources that are valuable to the Group and any Invested Entity. 

 

	3	 DURATION AND ADMINISTRATION 

 

	3.1	 Subject to any early termination as may be determined by the Board pursuant to Paragraph 8, this Scheme shall
be valid and effective for a period of ten (10) years commencing on the Adoption Date. 

  

	3.2	 This Scheme shall be subject to the administration of the Board whose decision as to all matters arising in
relation to this Scheme or its interpretation or effect (save as otherwise provided herein) shall be final, conclusive and binding on all parties. 

  

	3.3	 The Trustee will hold the Shares and the income derived therefrom in accordance with the terms of the Trust
Deed. 

  
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	4	 OPERATION OF SCHEME 

 

	4.1	 Subject to Paragraph 5, the Board may, from time to time, in its absolute discretion and subject to such terms
and conditions as it may think fit (including the basis of eligibility of each Eligible Employee determined by the Board from time to time), select an Eligible Employee (excluding any Excluded Employee) for participation in this Scheme as a Selected
Employee and determine the number of Awarded Shares; provided that where any Award is proposed to be made to any Selected Employee who is a director of the Company or a connected person of Kingsoft Corporation Limited and its subsidiaries,
such Award must first be approved by the board of directors of Kingsoft Corporation Limited as long as the Company remains a subsidiary of Kingsoft Corporation Limited. However, until so selected, no Eligible Employee shall be entitled to
participate in this Scheme. Subject to the provisions of this Scheme, the Board may impose any conditions, restrictions or limitations or waive any such conditions, restrictions or limitations from time to time in relation to the Award as it may at
its absolute discretion think fit. Where a Selected Employee or his associate is a member of the board of directors of Kingsoft Corporation Limited, such person will abstain from voting on any approval by the board of directors of Kingsoft
Corporation Limited with respect to the Award to be made to such Selected Employee. 

  

	4.2	 Where any Award is proposed to be made to any Selected Employee who is a director of the Company or where the
Board proposes to waive any conditions, restrictions or limitations imposed on any Award made to any Selected Employee who is a director of the Company, or a connected person of Kingsoft Corporation Limited and its subsidiaries, such Award or waiver
(as the case may be) must first be approved by the board of directors of Kingsoft Corporation Limited as long as the Company remains a subsidiary of Kingsoft Corporation Limited. 

 

	4.3	 After the selection of the Selected Employee(s) and the determination of the number of Awarded Shares, the
Company shall inform the Trustee accordingly. The Company shall also inform the Selected Employee(s) by written notice in such form as the Company may from time to time determine (the “Award Notice”) requiring the Selected
Employee(s) to undertake to hold the Award on the terms on which it is to be granted and to be bound by the rules of this Scheme. The Company shall, after having regard to the requirement under Paragraph 4.12, cause the Consideration to be paid to
the Trustee as soon as practicable. 

  

	4.4	 Within twenty (20) Business Days (or such other period as the Trustee and the Company may agree from time
to time having regard to the circumstances of the purchase concerned) after receipt of the Consideration, the Trustee shall apply the same towards the purchase of the Awarded Shares. The Shares so purchased shall form part of the trust fund of the
Trust. 

  
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	4.5	 Unless otherwise determined by the Board at its discretion, the Awarded Shares held by the Trustee upon the
Trust and which are referable to a Selected Employee shall vest in that Selected Employee in accordance with the Award Notice; provided that the Selected Employee remains at all times after the Reference Date and on the relevant vesting dates
(if applicable) an Eligible Employee. Notwithstanding any other provision of these rules of this Scheme and the terms and conditions of any Award, the Board (or where the relevant Selected Employee is a director of the Company, or a connected person
of Kingsoft Corporation Limited and its subsidiaries, the board of directors of Kingsoft Corporation Limited as long as the Company remains a subsidiary of Kingsoft Corporation Limited) in its sole and absolute discretion may determine from time to
time on a general or case by case basis that an Award may be vested at such time determined by the Board (or the board of directors of Kingsoft Corporation Limited, as the case may be) subsequent to and notwithstanding a termination of employment of
a Selected Employee (including but not limited to as a result of the Selected Employee’s retirement or death). The date or each such date on which the Awarded Shares are to vest is hereinafter referred to as a “Vesting Date”.

  

	4.6	 Notwithstanding anything to the contrary contained herein, save as provided in Paragraph 4.5, at any time, in
the event that (i) a Selected Employee ceases to be an Eligible Employee, or (ii) a Selected Employee is found to be an Excluded Employee, or (iii) a Selected Employee has breached this Scheme or any exhibit hereof in any material
respect, or (iv) the company by which a Selected Employee is employed ceases to be a member of the Group or an Invested Entity, or (v) an order for the winding-up of the Company is made or a
resolution is passed for the voluntary winding-up of the Company (otherwise than for the purposes of an amalgamation, reconstruction or scheme of arrangement) (each of these, an event of
“Lapse”) (except those as prescribed in paragraph 4.10(h)), 

  

	 	(a)	 an Award made to the relevant Selected Employee shall automatically lapse forthwith; 

 

	 	(b)	 all the unvested Awarded Shares awarded to the relevant Selected Employee shall cease to vest on any Vesting
Date; and 

  

	 	(c)	 all the declared but unpaid dividends or other distributions to be paid by the Company (if any) to such
Selected Employee shall be automatically and unconditionally revoked; and 

  

	 	(d)	 the vesting of all vested Awarded Shares (if any) shall be automatically and unconditionally revoked;
provided that if such Selected Employee ceases to be an Eligible Employee on or after the fourth (4th) anniversary of the Grant Date, the vesting of his/her vested Awarded Shares will not be revoked unless the Company has determined at its
sole discretion and paid compensation for such vested Awarded Shares, at any time and from time to time, amounting to IP×[1+ (0.01 ×N)] per Share, where IP = the lowest of (a) US$0.02 per Share, (b) the fair market value per
Share appraised by a qualified and independent third party designated by the Board in good faith, (c) the price per Share applied in the latest private financing during the past six (6) months; and N = a fraction the numerator of which is
the number of calendar days between the Grant Date and the date of such Selected Employee ceases to be an Eligible Employee, and the denominator of which is 365). In the event the outstanding Shares shall be subdivided (by share dividend, share
split, or otherwise), into a greater number of Shares, the applicable compensation per Share pursuant to this Paragraph 4.6(d) then in effect shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event
the outstanding Shares shall be combined or consolidated, by reclassification or otherwise, into a lesser number of Shares, the applicable compensation per Share pursuant to this Paragraph 4.6(d) then in effect shall, concurrently with the
effectiveness of such combination or consolidation, be proportionately increased. Any adjustment under this Paragraph 4.6(d) shall become effective at the close of business on the date of subdivision or combination becomes effective. For the
avoidance of doubt, upon the occurrence of a Lapse, the Trustee shall hold all of the Awarded Shares that have lapsed and/or been revoked as provided above exclusively for and on behalf of the Company. The Selected Employees shall have no claims
against the Company or the Trustee. 

  
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 The Sections 4.6(c) and 4.6(d) above shall automatically terminate upon the Company’s
Initial Public Offering. 
  

	4.7	 Save for a Lapse, barring any unforeseen circumstances and subject to the receipt by the Trustee of a
confirmation from the Company that all vesting conditions having been fulfilled, effective as of the Vesting Date: 

  

	 	(a)	 the relevant Selected Employees shall be entitled to any and all of the beneficial rights attached to the
vested Awarded Shares (including the right to receive the Company’s profit distribution or other forms of distributions but excluding the pre-emptive right, right of first refusal and right of co-sale) and, subject to Paragraph 4.7(c) below, the right to vote at the meetings of the shareholders of the Company and any other rights except for the beneficial rights and the voting right attached to the vested
Awarded Shares (if any); 

  

	 	(b)	 the Trustee shall continue to hold the legal title of the vested Awarded Shares in name of the Trustee itself
for and on behalf of the relevant Selected Employees; 

  

	 	(c)	 notwithstanding Paragraph 4.7(a) above, unless otherwise approved by the Board in writing, the relevant
Selected Employees entitled to the beneficial rights attached to the vested Award Shares shall be deemed to have irrevocably, exclusively and unconditionally constituted and appointed Mr. ZHANG Hongjiang (张宏江) or any other
director of the Company serving as an Eligible Employee as determined by the Board from time to time as such Selected Employees’ true and lawful attorney and irrevocable and exclusive proxy, for such Selected Employees and in the name of the
Trustee, to (i) vote each of the vested Awarded Shares awarded to them as such Selected Employees’ proxy, at every meeting of the shareholders of the Company or any adjournment thereof or in connection with any written consent of the
Company’s shareholders and (ii) exercise any other rights except for the beneficial rights attached to the vested Awarded Shares (if any) as such Selected Employees’ proxy. The foregoing proxy shall be irrevocable, exclusively and
coupled with an interest and the Trustee shall vote all of the vested Awarded Shares and exercise any other rights except for the beneficial rights attached to the vested Awarded Shares (if any) solely as instructed or directed by Mr. ZHANG
Hongjiang (张宏江) or any other director of the Company serving as an Eligible Employee as determined by the Board from time to time; 

  

	 	(d)	 the Company may, as determined by the Board from time to time, distribute any profit distribution or other
forms of distributions to certain Selected Employee based on their beneficial rights attached to the vested Awarded Shares directly, rather than distributing the same through the Trustee. 

  
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	4.8	 Save for a Lapse, barring any unforeseen circumstances and subject to the receipt by the Trustee of a
confirmation from the Company that all vesting conditions having been fulfilled, the Trustee shall effect the transfer of the legal title of the vested Awarded Shares to the relevant Selected Employee, free of consideration or charge, as soon as
possible after the date of the Company’s Initial Public Offering, and the proxy granted pursuant to Paragraph 4.7 above with respect to the vested Awarded Shares prior to such transfer shall automatically terminate. 

 

	4.9	 Any Award made hereunder shall be personal to the Selected Employee to whom it is made and shall not be
assignable and no Selected Employee shall in any way sell, transfer, assign, charge, mortgage, encumber or create any interests in favour of any other third party over or in relation to either the Awarded Share referable to him pursuant to such
Award (regardless of whether it has been vested) or any beneficial interest therein. For the avoidance of doubt, all vested Awarded Shares shall not be subject to the aforementioned restrictions on or after the Company’s Initial Public
Offering. In the event of divorce, any Selected Employee shall use his/her best efforts, including without limitation, by way of payment of compensation, to ensure that any Awarded Shares or any beneficial interest therein would not be assigned or
transferred to his/her spouse in any way, and shall be responsible for any deduction to any Awarded Shares or any beneficial interest therein which may occur due to their assignment or transfer during the process of divorce. 

 

	4.10	 For the avoidance of doubt, notwithstanding anything to the contrary contained herein: 

 

	 	(a)	 a Selected Employee shall only have a contingent interest in the Awarded Shares which are referable to him
subject to the vesting of such Shares in accordance with Paragraph 4.5 and the Award Notice, subject only to Paragraph 4.8; 

  

	 	(b)	 a Selected Employee shall have no rights in Residual Cash; 

 

	 	(c)	 no instructions may be given by a Selected Employee to the Trustee in respect of the Awarded Shares or other
properties of the Trust; 

  

	 	(d)	 the Trustee shall at all times during the Trust Period retain the legal title of the Awarded Shares regardless
of whether such Award Shares have been vested, subject only to Paragraph 4.8; 

  

	 	(e)	 no Award Share shall be entitled to any rights (economic, voting or otherwise) that may otherwise be available
to it under the articles of association of the Company or any applicable law unless and until such Award Share has vested in accordance with the Award Notice or as otherwise approved by the Board, subject only to Paragraphs 4.7 and 4.8;

  
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	 	(f)	 the Trustee shall hold the Shares under the Trust (including but not limited to the Awarded Shares) for and on
behalf of the Company and shall neither enjoy or exercise nor purport to enjoy or exercise any of the rights attached to any Shares held under the Trust (including but not limited to the Awarded Shares) including but not limited to voting rights and
the right to the Company’s profit distribution or any forms of distributions; provided that in the event that any Shares shall have become vested Awarded Shares, subject to Paragraph 4.8, the Trustee shall hold the vested Awarded Shares
for and on behalf of the relevant Selected Employees and the relevant Selected Employees shall be able to enjoy the benefits and rights attached to the vested Awarded Shares subject to this Scheme Rules (including but not limited to the provisions
contained in Paragraphs 4.10 and 4.11); and 

  

	 	(g)	 subject to Paragraph 9.2, any cash generated from a Share held upon the Trust shall form part of the trust fund
of the Trust and the Trustee may (a) subject to the written consent of the Board in advance, apply such cash to defray such fees, costs and expenses as referred to in Paragraph 9.2, (b) declare and distribute certain cash to the Selected
Employees solely as determined by the Board in writing in its absolute discretion, or (c) return such cash to the Company, as the Trustee in its absolute discretion shall at any time determine, after obtaining the written consent of the Board
in advance. 

  

	 	(h)	 in the event that any Selected Employee has breached the confidentiality obligation, non-compete obligation, non-solicitation obligation that such Selected Employee owes to the Group or the Invested Entity under relevant employment agreements, confidentiality
and intellectual property rights assignment agreements, non-compete and non-solicitation agreements or this Scheme or any exhibit hereof (as applicable) in any material respect, 

 

	 	(i)	 the Award made to the relevant Selected Employee shall automatically lapse forthwith; 

 

	 	(ii)	 all the unvested Awarded Shares awarded to the relevant Selected Employee shall cease to vest on any Vesting
Date; 

  

	 	(iii)	 all the declared but unpaid dividends or other distributions to be paid by the Company (if any) to such
Selected Employee shall be automatically and unconditionally revoked; and 

  

	 	(iv)	 the vesting of all vested Awarded Shares (if any) shall be automatically and unconditionally revoked;

 The subsections 4.10(h)(iii) and 4.10(h)(iv) above shall automatically terminate upon the Company’s Initial Public
Offering. 
  

	4.11	 No new instructions to acquire Shares shall be given to the Trustee under this Scheme where dealings by
directors are prohibited under any and all applicable laws and regulations from time to time. 

  

	4.12	 In respect of the administration of this Scheme, the Company shall comply with all applicable disclosure
regulations. 

  
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	4.13	 The Trustee shall not be required to withhold any withholding or other tax in relation to the grant of the
Award or the transfer of Awarded Shares. It shall be the duty of the Company to establish appropriate procedures to provide for any such payment. 

  

	5	 SCHEME LIMIT 

 

	5.1	 The Board shall not grant any Award which would result in the total number of Shares which are the subject of
Awards granted by the Board under this Scheme (but not counting any Shares which have lapsed or have been revoked or forfeited) being greater than 48,000,000 Shares, as at the date of such grant. . 

 

	6	 DISPUTES 

Any dispute arising in connection with this Scheme shall be referred to the decision of the Board who shall act as experts and not as
arbitrators and whose decision shall be final and binding. 
  

	7	 ALTERATION OF THIS SCHEME 

This Scheme may be altered in any respect by a resolution of the Board provided that no such alteration shall operate to affect adversely in
any material respect any subsisting rights of any Selected Employee hereunder except with the prior written consent of the Selected Employees holding a majority of all vested Awarded Shares. Written notice of any amendment to this Scheme shall be
given to all Selected Employees with subsisting Awards. 
  

	8	 TERMINATION 

 

	8.1	 This Scheme shall terminate on the earliest of: 

 

	 	(a)	 the end of [February 21, 2023], being the day before the
10th anniversary of the Adoption Date; 

  

	 	(b)	 the date when an order for the winding up of the Company is made or a resolution is passed for the voluntary winding-up of the Company (otherwise than for the purposes of an amalgamation, reconstruction or scheme of arrangement); and 

 

	 	(c)	 such date of early termination as determined by the Board. 

 

	8.2	 Upon termination, no further Award shall be made and the Trustee shall act upon the decision of the Board upon
such termination. 

  

	8.3	 For the avoidance of doubt, the temporary suspension of the granting of any Award shall not be construed as a
decision to terminate the operation of this Scheme. 

  
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	9	 MISCELLANEOUS 

 

	9.1	 This Scheme shall not form part of any contract of employment, service contract or engagement contract between
the relevant member of the Group and any Selected Employee, and the rights and obligations of any Selected Employee under the terms of his office, employment, appointment or engagement shall not be affected by his participation in this Scheme or any
right which he may have to participate in it and this Scheme shall afford such Selected Employee no additional rights to compensation or damages in consequence of the termination of such office, employment, appointment or engagement for any reason.

  

	9.2	 Subject to the written consent of the Board in advance, the Trustee may at any time apply any Residual Cash to
defray the costs of establishing and administering this Scheme, including, for the avoidance of doubt, remuneration of the Trustee for work done by it in connection with the Trust, costs arising from communication as referred to in Paragraph 9.4,
expenses incurred in the purchase of Shares by the Trustee and stamp duty and normal registration fee (i.e. not being fee chargeable by the share registrar of an express service of registration) in respect of, and other costs, liabilities or expense
which may arise as a result of, the transfer of or agreement to transfer Shares to a Selected Employee, or which may otherwise arise out of the administration of the trust fund of the Trust. To the extent such application of Residual Cash is not
sufficient to fund all such fees, costs and expenses, the Company will provide the Trustee with the shortfall amount to settle such fees, costs and expenses upon demand by the Trustee and the written consent of the Board in advance. For the
avoidance of doubt, the Company shall not be liable for any tax, costs or expenses of any other nature payable on the part of any Selected Employee in respect of any award, sale, purchase, vesting or transfer of Shares, and the Selected Employee
shall be liable therefor. 

  

	9.3	 Save as specifically provided herein, this Scheme shall not confer on any person any legal or equitable rights
(other than those constituting and attaching to the Shares themselves) against the Company directly or indirectly or give rise to any cause of action at law or in equity against the Company. 

 

	9.4	 Any notice or other communication between the Company and any Selected Employee may be given by sending the
same by prepaid post or by personal delivery to, in the case of the Company, its registered office in Cayman Islands or such other address as notified to the Selected Employee from time to time and in the case of a Selected Employee, his address as
notified to the Company from time to time. Any notice or other communication served by post shall be deemed to have been served 24 hours after the same was put in the post. 

 

	9.5	 The Company shall not be responsible for any failure by any Eligible Employee to obtain any consent or approval
required for such Eligible Employee to participate in this Scheme as a Selected Employee or for any tax, duty, expenses, fees or any other liability to which he may become subject as a result of his participation in this Scheme.

  

	9.6	 Each and every provision hereof shall be treated as a separate provision and shall be severally enforceable as
such and in the event of any provision or provisions being or becoming unenforceable, they shall be deemed to be deleted from these rules of this Scheme, and any such deletion shall not affect the enforceability of the rules of this Scheme as remain
not so deleted. 

  
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	10	 GOVERNING LAW, ETC. 

 

	10.1	 This Scheme shall operate subject to the articles of association of the Company from time to time and any
applicable law, regulations, rules and codes. 

  

	10.2	 This Scheme shall be governed by and construed in accordance with the laws of Hong Kong in force from time to
time. 

  
 - 13 - 

 Kingsoft Cloud Holdings Limited 

 
  

RULES RELATING TO 
 THE
SHARE AWARD SCHEME 
 Amendment - I 

Adopted on January 9, 2015 
  

 

  
 - 14 - 

 Kingsoft Cloud Holdings Limited 

SHARE AWARD SCHEME 

Amendment - I 
 1. Definitions and
References. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the SHARE AWARD SCHEME adopted by the Company as of February 22, 2013 (the “SHARE AWARD SCHEME”). Unless otherwise
indicated herein, section references are to the corresponding section of the SHARE AWARD SCHEME. 
 2. Amendments. 

(a) The following definition of this Amendment - I Adoption Date shall be added to the DEFINITIONS AND INTERPRETATION
section: 
  

			
	 “Amendment - I

Adoption Date”
	  	January 9, 2015, the date on which this Amendment - I is adopted by resolution of the Board;

 (b) The definition of “Company” in the DEFINITIONS AND INTERPRETATION section
shall be deleted and replaced by the following: 
  

			
	“Company”	  	Kingsoft Cloud Holdings Limited, a limited liability company organized under the laws of the Cayman Islands whose registered office is at Harneys Services (Cayman) Limited, 4th Floor, Harbour Place. 103 South Church Street,
George Town, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands, or at such other place as determined by the Board from time to time;

 (c) Clause 5.1 shall be deleted and replaced by the following: 

The Board shall not grant any Award which would result in the total number of Shares which are the subject of Awards granted by the Board under
this Scheme (but not counting any Shares which have lapsed or have been revoked or forfeited) being greater than 50,000,000 Shares, as at the date of such grant. 

  
 - 15 - 

 Kingsoft Cloud Holdings Limited 

 
  

RULES RELATING TO 
 THE
SHARE AWARD SCHEME 
 Amendment - II 

Adopted on March 3 , 2016 
  

 

  
 - 16 - 

 Kingsoft Cloud Holdings Limited 

SHARE AWARD SCHEME 

Amendment - II 
 1. Definitions and
References. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the SHARE AWARD SCHEME adopted by the Company as of February 22, 2013 (the “SHARE AWARD SCHEME”) and the SHARE
AWARD SCHEME AMENDMENT – I adopted by the Company as of January 9, 2015 (the “AMENDMENT - I”). Unless otherwise indicated herein, section references are to the corresponding section of the SHARE AWARD SCHEME
and the AMENDMENT - I . 
 2. Amendments. 

(a) The following definition of this Amendment - II Adoption Date shall be added to the DEFINITIONS AND INTERPRETATION
section: 
  

			
	 “Amendment - II

Adoption Date”
	  	March 3, 2016, the date on which this Amendment - II is adopted by resolution of the Board;

 (b) Clause 5.1 shall be deleted and replaced by the following: 

The Board shall not grant any Award which would result in the total number of Shares which are the subject of Awards granted by the Board under
this Scheme (but not counting any Shares which have lapsed or have been revoked or forfeited) being greater than 68,364,500 Shares, as at the date of such grant. 

  
 - 17 - 

 Kingsoft Cloud Holdings Limited 

 
  

RULES RELATING TO 
 THE
SHARE AWARD SCHEME 
 Amendment - III 

Adopted on June 8 , 2016 
  

 

  
 - 18 - 

 Kingsoft Cloud Holdings Limited 

SHARE AWARD SCHEME 

Amendment - III 
 1. Definitions and
References. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the SHARE AWARD SCHEME adopted by the Company as of February 22, 2013 (the “SHARE AWARD SCHEME”), the SHARE AWARD
SCHEME AMENDMENT – I adopted by the Company as of January 9, 2015 (the “AMENDMENT - I”) and the SHARE AWARD SCHEME AMENDMENT – II as of March 3, 2016 (the “AMENDMENT - II”) . Unless otherwise
indicated herein, section references are to the corresponding section of the SHARE AWARD SCHEME, the AMENDMENT-I and the AMENDMENT - II . 

2. Amendments. 
 (a) The following
definition of this Amendment - III Adoption Date shall be added to the DEFINITIONS AND INTERPRETATION section: 
  

			
	 “Amendment - III

Adoption Date”
	  	June 8, 2016, the date on which this Amendment - III is adopted by resolution of the Board;

 (b) Clause 5.1 shall be deleted and replaced by the following: 

The Board shall not grant any Award which would result in the total number of Shares which are the subject of Awards granted by the Board under
this Scheme (but not counting any Shares which have lapsed or have been revoked or forfeited) being greater than 69,925,476 Shares, as at the date of such grant. 

  
 - 19 - 

 Kingsoft Cloud Holdings Limited 

 
  

RULES RELATING TO 
 THE
SHARE AWARD SCHEME 
 Amendment - IV 

Adopted on December 7, 2018 
  

 

  
 - 20 - 

 Kingsoft Cloud Holdings Limited 

SHARE AWARD SCHEME 

Amendment - IV 
 1. Definitions and
References. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the SHARE AWARD SCHEME adopted by the Company as of February 22, 2013 (the “SHARE AWARD SCHEME”), the SHARE AWARD
SCHEME AMENDMENT – I adopted by the Company as of January 9, 2015 (the “AMENDMENT - I”), the SHARE AWARD SCHEME AMENDMENT – II as of March 3, 2016 (the “AMENDMENT - II”) and the SHARE AWARD
SCHEME AMENDMENT – III as of June 8, 2016 (the “AMENDMENT - III”). Unless otherwise indicated herein, section references are to the corresponding section of the SHARE AWARD SCHEME, the AMENDMENT - I, the AMENDMENT - II and
the AMENDMENT - III. 
 2. Amendments. 

(a) The following definition of this Amendment - IV Adoption Date shall be added to the DEFINITIONS AND INTERPRETATION
section: 
  

					
		 	“Amendment - IV
Adoption Date”	  	December 7, 2018, the date on which this Amendment - IV is adopted by resolution of the Board;

 (b) The definition of “Trust Deed” in the DEFINITIONS AND INTERPRETATION section shall be
deleted and replaced by the following: 
  

			
	“Trust Deed”	  	a deed of settlement constituting The Kingsoft Cloud Trust dated December 7, 2018entered into between the Company and the Trustee (as restated, supplemented and amended from time to time) or any other trust deed entered into
between the Company and the Trustee for the purpose of the Share Award Scheme (as restated, supplemented and amended from time to time);

 (c) The definition of “Trust Period” in the DEFINITIONS AND INTERPRETATION section shall be
deleted and replaced by the following: 
  

			
	“Trust Period”	  	shall have the meaning as set out in the Trust Deed;

  
 - 21 - 

 (d) The definition of “Trustee” in the DEFINITIONS AND INTERPRETATION
section shall be deleted and replaced by the following: 
  

			
	“Trustee”	  	TMF Trust (HK) Limited (“TMF”), and any additional or replacement trustees, being the trustee or trustees for the time being of the trusts declared in the Trust Deed;

  
 - 22 - 

 Kingsoft Cloud Holdings Limited 

 
  

RULES RELATING TO 
 THE
SHARE AWARD SCHEME 
 Amendment - V 

Adopted on November 6, 2019 
  

 

  
 - 23 - 

 Kingsoft Cloud Holdings Limited 

SHARE AWARD SCHEME 

Amendment - V 
 1. Definitions and
References. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the SHARE AWARD SCHEME adopted by the Company as of February 22, 2013 (the “SHARE AWARD SCHEME”), the SHARE AWARD
SCHEME AMENDMENT – I adopted by the Company as of January 9, 2015 (the “AMENDMENT - I”), the SHARE AWARD SCHEME AMENDMENT – II as of March 3, 2016 (the “AMENDMENT - II”), the SHARE AWARD SCHEME
AMENDMENT – III as of June 8, 2016 (the “AMENDMENT - III”) and the SHARE AWARD SCHEME AMENDMENT – IV as of December 7, 2018 (the “AMENDMENT - IV”). Unless otherwise indicated herein, section
references are to the corresponding section of the SHARE AWARD SCHEME, the AMENDMENT - I, the AMENDMENT - II, the AMENDMENT - III and the AMENDMENT - IV. 

2. Amendments. 
 (a) The following
definition of this Amendment - V Adoption Date shall be added to the DEFINITIONS AND INTERPRETATION section: 
  

			
	“Amendment - V Adoption Date”	  	November 6, 2019, the date on which this Amendment - V is adopted by resolution of the Board;

 (b) Section 3.3 shall be deleted and replaced by the following: 

 

	3.3	 Unless otherwise determined by the Board, the Trustee will hold the Shares and the income derived therefrom
in accordance with the terms of the Trust Deed. 

 (c) Section 5.1 shall be deleted and replaced by the following 

 

	5.1	 The Board shall not grant any Award which would result in the total number of Shares which are the subject
of Awards granted by the Board under this Scheme (but not counting any Shares which have lapsed or have been revoked or forfeited) being greater than 215,376,304 Shares, as at the date of such grant. 

  
 - 24 -EX-10.5

 Exhibit 10.5 

 
  

Exclusive Consultation and Technical Service Agreement 

 
  

between 
 Beijing Kingsoft Cloud
Network Technology Co., Ltd. 
 and 

Beijing Kingsoft Cloud Technology Co., Ltd. 

9 November 2012 

 Exclusive Consultation and Technical Service Agreement 

This Exclusive Consultation and Technical Service Agreement (hereinafter referred to as “this Agreement”) was executed by and between the
following two parties on 9 November 2012: 
  

	1.	 Party A: Beijing Kingsoft Cloud Network Technology Co., Ltd. (hereinafter referred to as the
“Company”) 

 Registered address: Room 3F02, No. 33 Xiaoying West Road, Haidian District, Beijing

 Legal representative: Lei Jun 
  

	2.	 Party B: Beijing Kingsoft Cloud Technology Co., Ltd. (hereinafter referred to as the
“WFOE”) 

 Registered address: Room 3F02, No. 33 Xiaoying West Road, Haidian District, Beijing 

Legal representative: Zhang Hongjiang 
 (Party A
and Party B are jointly referred to as “two (both) parties” or severally as “either party” herein.) 

Introduction 
 Whereas,
Party A is a company with limited liability duly incorporated and legally subsisting in Zhuhai, the PRC, which is mainly engaged in technological development, technical services and technological consultation; computer system services; sale of
self-developed products, computers, software & auxiliary equipment and communication products (excluding projects without administrative permissions); 

Whereas, Party B is a wholly foreign-owned enterprise duly incorporated and legally subsisting in Beijing, the PRC, whose business scope is
technological development, technological services and technological consultation for computer software and hardware, cloud storage software; computer system integration; sale of self-developed software products; wholesale of computer software and
hardware & auxiliary equipment and communication products (not involving commodities under state trade administration; for commodities subject to quota license administration, relevant application procedures shall be gone through in
accordance with the relevant provisions of the state); 
 Whereas, Party A needs Party B to provide it with consultation and technical
services relating to Party A’s business (as defined below), and Party B also agrees to provide such services to Party A. 

 Upon amicable negotiation, the two parties hereby arrive at the following agreement: 

Article 1 Definitions 
  

	1.1	 Unless otherwise specified herein or indicated by the context, the following terms shall have the following
meanings in this Agreement: 

  

			
	“Party A’s business”	  	all business activities that Party A is operating and developing and will operate and develop at any time during the validity period of this Agreement, including but not limited to technological development, technical services and
technological consultation; computer system services; sale of self-developed products, computers, software and auxiliary equipment, communication products and other related businesses operated by Party A.
		
	“Services”	  	 services relating to Party A’s business, as exclusively provided by Party B to Party A within its business cope, including but not
limited to:
  

(1)   Permitting Party A’s use of relevant software, copyright and proprietary technology
necessary for Party A’s business, to which Party B is legally entitled;
  

(2)   Providing Party A with the overall solutions for business operation and management technology
necessary for Party A’s business;
  

(3)   Daily management, maintenance and update of hardware equipment and database;

 
 (4)   Development, maintenance
and update of relevant application software necessary for Party A’s business;
  

(5)   Technological training for relevant staff of Party A;

 
 (6)   Assisting Party A in
collecting and studying technological information;
  

(7)   Other related services provided from time to time at Party A’s request.

		
	“Annual business plan”	  	Party A’s business development plan and budget report for the following calendar year formulated by Party A under the assistance of Party B before 30 November every year according to this Agreement.
		
	“Service fees”	  	all fees payable by Party A to Party B for the services provided by Party B according to Article 3 hereof.
		
	“Equipment”	  	any and all equipment that Party B owns or purchases from time to time, and uses for the purpose of providing the services.
		
	“Business-related technologies”	  	any and all software and technologies relating to Party A’s business, as developed by Party A based on the services provided by Party B hereunder.

			
	“Customer information”	  	has the meaning conferred in Article 6.1 hereof.
		
	“Confidential information”	  	has the meaning conferred in Article 6.2 hereof.
		
	“Defaulting party”	  	has the meaning conferred in Article 11.1 hereof.
		
	“Default”	  	has the meaning conferred in Article 11.1 hereof.
		
	“The Rights”	  	has the meaning conferred in Article 13.5 hereof.

  

	1.2	 Citations of any laws and regulations (hereinafter referred to as “laws”) herein shall be
deemed to: 

  

	 	(1)	 Simultaneously include citations of amendments, changes, supplements and
re-enactions in respect of these laws, regardless of whether they enter into force before or after conclusion of this Agreement; and 

 

	 	(2)	 Simultaneously include citations of other decisions, notifications and rules which are formulated according to
these laws or become effective due to these laws. 

  

	1.3	 Save as otherwise specified in this Agreement, article, clause, item and paragraph herein shall refer to the
corresponding contents herein. 

 Article 2 Services 

 

	2.1	 In the validity period of this Agreement, Party B shall diligently provide services for Party A according to
Party A’s business needs. 

  

	2.2	 To provide excellent services, Party B shall provide Party A with the right to use the computer and network
hardware equipment needed for Party A’s business. 

  

	2.3	 Party B shall provide various equipment and personnel reasonably needed for providing services and purchase and
add new equipment and new personnel according to Party A’s annual business plans and as reasonably required by Party A, so as to provide excellent services for Party A according to this Agreement. 

 

	2.4	 For the purpose of providing services according to this Agreement, Party B shall communicate with Party A on
various information relating to Party A’s business. 

  

	2.5	 Albeit other provisions in this Agreement, Party B shall have the right to designate any third party to provide
any or all of the services under this Agreement, or fulfil Party B’s obligations under this Agreement on Party B’s behalf. Party A hereby agrees that Party B has the right to transfer its rights and obligations under this Agreement to any
third party. 

 Article 3 Expenses 
  

	3.1	 Regarding the services provided by Party B according to this Agreement, Party A shall pay service fees to Party
B as per the following methods: 

  

	 	3.1.1	 performance-related service fee equivalent to 100% of the balance of Party A’s business revenue in the
then year less Party A’s business cost recognized by the two parties; and 

  

	 	3.1.2	 service fee for specific consultation services and technical services provided by Party B according to Party
A’s requirements from time to time, as otherwise agreed upon by the two parties. 

  

	3.2	 In the validity period of this Agreement, Party B shall have the right to adjust the aforesaid service fees at
its own discretion without needing to seek the consent of Party A. 

  

	3.3	 Regarding depreciation of the equipment actually provided by Party B for Party A’s use, Party B may
require Party A to make compensation according to actual conditions. 

  

	3.4	 The two parties agree to pay the service fees as per the following provisions: 

 

	 	3.4.1	 Party A shall pay the performance-related service fee on a yearly basis. After the end of each fiscal year of
Party A, Party A and Party B shall calculate the actual performance-related service fee payable by Party A based on the total amount of pre-tax income of Party A in the previous year as confirmed in the audit
report issued by the Chinese CPA firm recognized by the two parties. Party A shall pay Party B relevant performance-related service fee within fifteen (15) workdays after the issue of audit report. Party A undertakes to Party B that it will
provide all necessary data and assistance for the aforesaid CPA firm and urge the CPA firm to complete and issue to the two parties the audit report of the previous year within thirty (30) workdays after the end of each Gregorian calendar year.

  

	 	3.4.2	 The methods of payment of the service fees specified in Article 3.1.2 of this Agreement shall be otherwise
specified by the two parties. 

  

	3.5	 Party A shall, according to this article, pay all the service fees to the bank account designated by Party B in
due time. If Party B changes its bank account, it shall send a written notice to Party A seven (7) workdays in advance. 

  

	3.6	 The two parties agree that in principle, the payment of the aforesaid service fees shall not put either party
in operation difficulty in the then year. For the aforesaid purpose and based on the aforesaid principle, Party B agrees that Party A may defer payment of the service fees, or upon negotiation between the two parties, may adjust in writing the
percentage and/or specific amount of the service fees payable by Party A to Party B under Article 3.1. 

  

	3.7	 The service fees payable by Party A to Party B according to Article 3.1.2 shall be otherwise determined by the
two parties in writing according to the nature of service and workload. 

  

	3.8	 Tax burdens incurred to the two parties due to performance of this Agreement shall be borne by the two parties
respectively. 

 Article 4 Party A’s Obligations 

 

	4.1	 Party B’s services in this Agreement shall be exclusive. In the validity period of this Agreement, without
the prior written consent of Party B, Party A shall not conclude any agreement with any third party to or otherwise accept other services provided by the said third party, which are the same as or similar to Party B’s services.

  

	4.2	 Before 30 November every year, Party A shall provide Party B with its annual business plan determined for
the next year so that Party B can arrange relevant service plans and add necessary software, equipment, personnel and Consultation and technical service forces. If Party A temporarily needs extra equipment or personnel to be provided by Party B, it
shall consult with Party B fifteen (15) days in advance in order to reach a consensus with Party B. 

  

	4.3	 To facilitate Party B’s provision of services, Party A shall, as required by Party B, responsively provide
Party B with relevant materials it requires. 

  

	4.4	 Party A shall timely and fully pay Party B service fees according to Article 3 herein. 

 

	4.5	 Party A shall maintain its good reputation and actively expand its business to maximize its benefits.

  

	4.6	 During the validity period of this Agreement, Party A agrees to help Party B and its parent company (whether
directly or indirectly) with audit of connected transactions and other various audits and provide Party B, its parent company or auditors entrusted thereby with relevant information and materials in relation to Party A’s operations, businesses,
customers, finance and staff, and permit Party B’s parent company to disclose such information and materials to meet the regulatory requirements in the place where its securities are listed. 

 

	4.7	 Party A shall compensate Party B for and protect Party B from any damage arising from any lawsuits or claims
against Party B caused or incurred by the consultations and services provided by Party B upon request by Party A or any losses, damages, liabilities or expenses incurred by other requirements, unless such losses, damages, liabilities or expenses are
caused by Party B’s serious negligence or wilful misconduct. 

 Article 5 Intellectual Property Rights 

 

	5.1	 The intellectual property rights already in Party B’s possession before conclusion of this Agreement shall
belong to Party B; and those obtained by Party B during the term of this Agreement, including intellectual property rights of work achievements made during provision of services, shall, severally or jointly, belong to Party B and/or third parties
designated thereby. 

  

	5.2	 As Party A relies on Party B’s services provided under this Agreement in developing its business, both
parties shall agree that the ownership and other related rights of the business-related technologies (regardless of whether they are obtained through further development of Party A upon entrustment by Party B, or through joint development of Party A
and Party B, or through Party A’s further independent development) developed by Party A based on such services shall be otherwise determined upon negotiation at that time. 

	5.3	 Where both parties agree, upon negotiation, according to Article 5.2 that the ownership of the business-related
technologies developed by Party A based on the services provided by Party B belong to Party A, then 

  

	 	(1)	 Party A shall timely inform Party B of the details of such business-related technologies, and provide relevant
data as required by Party B; 

  

	 	(2)	 if Party A intends to transfer or license others to use such business-related technologies, Party A shall pre-emptively transfer such business-related technologies to Party B or pre-emptively grant Party B the exclusive license without violating compulsory provisions of the PRC
laws, and Party B may use such business-related technologies within the specific scope of transfer or license of Party A (but Party B shall be entitled to decide whether to accept such transfer or license); Party A may transfer to third parties the
ownership of such business-related technologies or grant the license to third parties based on the conditions not more favourable than those it proposes to Party B (including but not limited to transfer price or license fee) only when Party B waives
the right of first refusal to purchase the ownership of such business-related technologies or waives the exclusive right of use, and shall warrant that such third parties will fully observe and fulfil Party A’s obligations under this Agreement;

  

	 	(3)	 except for the right of first refusal mentioned in the Paragraph (2) above, within the term of this
Agreement, Party B shall have the right to request purchase of such business-related technologies, in which case Party A shall accept such purchase request of Party B without violating compulsory provisions of the PRC laws, and the purchase price
shall be the minimum price permitted by the PRC laws at that time. 

	5.4	 Where Party B is licensed to exclusively use business-related technologies according to Paragraph (2) of
Article 5.3 herein, such license shall be granted according to the following requirements: 

  

	 	(1)	 The license shall be valid for at least five (5) years (starting from the date of entry into force of
relevant license agreement); 

  

	 	(2)	 The scope of rights licensed shall be defined in a scope to the greatest extent possible;

  

	 	(3)	 Within the licensing period and scope, no parties (including Party A) other than Party B shall, in any form,
use or license others to use the said business-related technologies; 

  

	 	(4)	 Without violating the conditions under Paragraph (3) of Article 5.4, Party A has the right to decide at
its discretion whether to permit another third party to use such related technologies; 

  

	 	(5)	 Upon expiration of the license term, Party B has the right to require renewal of the license agreement and
Party A shall agree, in which case the terms of the license agreement shall remain unchanged unless otherwise approved by Party B. 

  

	5.5	 Notwithstanding the provisions under Paragraph (2) of Article 5.3 above, patent application for any
business-related technologies described in the said paragraph shall be carried out in accordance with the following provisions: 

  

	 	(1)	 If Party A wishes to apply for a patent for any business-related technologies described in the said paragraph,
it shall obtain the written consent of Party B in advance. 

  

	 	(2)	 Party A may only apply, at its discretion, for a patent or transfer such right to apply to a third party when
Party B waives its right to purchase the patent application right for such business-related technologies. If Party A transfers the aforementioned patent application right to a third party, Party A shall ensure that such third party will fully comply
with and perform the obligations of Party A under this Agreement; meanwhile, the conditions (including but not limited to the transfer price) for Party A to transfer the patent application right to the third party shall not be better than the
conditions it has provided to Party B in accordance with the provisions under Paragraph (3) of Article 5.5. 

  

	 	(3)	 During the term of this Agreement, Party B may, at any time, require Party A to file a patent application for
such business-related technologies and decide at its discretion whether to purchase such patent application right. Upon the request of Party B, Party A shall transfer such patent application right to Party B without violating the compulsory
provisions of the PRC laws, and the transfer price shall be the minimum price permitted by the PRC laws at that time; after Party B obtains the patent application right for such business-related technologies, files a patent application and is
granted the patent, it shall become the legal owner of the patent. 

  
 8 

	5.6	 The two parties assure each other that they will compensate the other party for any and all economic losses
caused by their infringement of the intellectual property rights of others (including copyright, trademark, patent and proprietary technology). 

Article 6 Confidentiality Obligation 
  

	6.1	 During the validity period of this Agreement, all customer information and other relevant data (hereinafter
referred to as the “customer information”) in relation to Party A’s business and the services provided by Party B shall be jointly owned by the two parties. 

 

	6.2	 Regardless of whether this Agreement has been terminated or not, both parties shall strictly keep confidential
the trade secrets, proprietary information, customer information and all other information of confidential nature (hereinafter collectively referred to as the “confidential information”) which are acquired by them during the conclusion and
performance of this Agreement. Either party receiving the confidential information shall not disclose any confidential information to any other third parties unless with the prior written consent of the party providing the confidential information
or in accordance with relevant laws, regulations or requirements of the place where the related company of either party is listed. Except for the purpose of performing this Agreement, the receiving party shall not use or indirectly use any
confidential information. 

  

	6.3	 The following information shall not be deemed as confidential information: 

 

	 	(1)	 any information provided by written evidence to have been previously obtained by the receiving party through
legal means; 

  

	 	(2)	 any information that is made public for a reason not ascribable to the receiving party; or

  

	 	(3)	 any information obtained by the receiving party through other legal means after receiving such information.

  

	6.4	 The receiving party may disclose the confidential information to its relevant employee, agent or a professional
hired by it on the condition that it shall ensure that the said persons comply with the relevant terms and conditions in this Agreement and that it shall assume any liability arising from the said persons’ violation of relevant terms and
conditions in this Agreement. 

  

	6.5	 Notwithstanding the other provisions of this Agreement, the validity of this Article shall not be affected by
the termination of this Agreement. 

  
 9 

 Article 7 Statements, Undertakings and Commitments of Party A 

 

	7.1	 Party A hereby makes the following statements and undertakings to Party B: 

 

	 	(1)	 It is a limited liability company duly registered and validly existing under the PRC laws as an independent
legal person; it has complete and independent legal status and legal capacity to sign, deliver and perform this Agreement and may independently serve as a party of litigation. 

 

	 	(2)	 It has full power and authority within the company to enter into and deliver this Agreement and all other
documents to be signed by it relating to the transactions described in this Agreement, and it has full power and authority to complete the transactions described herein. This Agreement is legally and properly signed and delivered by it. This
Agreement is legally binding on it and is enforceable against it according to the articles hereof. 

  

	 	(3)	 It has a complete business license required for its operation when this Agreement comes into effect, and has
the full right and qualification to operate Party A’s business it is engaging in within the territory of China. 

  

	7.2	 Party A further undertakes to Party B as follows: 

 

	 	(1)	 It shall provide Party B with the financial statements for the related quarter and the budget for the next
quarter within fifteen (15) workdays after the end of each quarter, and provide Party B with the financial statements for the related year and the budget for the next year within thirty (30) workdays after the end of each year.

  

	 	(2)	 It shall promptly inform Party B of the circumstances that have or may have a material adverse effect on Party
A’s business and its operation and shall make every effort to prevent the occurrence of such circumstances and/or further losses. 

  

	 	(3)	 Without the written consent of Party B, Party A shall not dispose of its important assets in any form, nor
shall it change its existing equity structure. 

  

	 	(4)	 Upon request by Party B in writing, it shall have all accounts receivable and/or all of its other assets
legally owned and disposable at that time, in the manner permitted by laws at that time, as the guarantee to fulfil its payment obligations specified in Article 3 of this Agreement. 

 

	 	(5)	 It shall compensate Party B for all losses suffered or likely to suffered by Party B and protect Party B from
any damage due to provision of the services, including but not limited to any loss arising from litigation, recovery, arbitration and claim for compensation lodged by any third party against it or administrative investigation and penalty by the
government authorities. However, losses arising from Party B’s wilful or gross negligence shall not be included in the compensation. 

  
 10 

 Article 8 Party B’s Statements and Undertakings 

 

	8.1	 Party B hereby makes the following statements and undertakings to Party A: 

 

	 	(1)	 It is a limited liability company duly registered and validly subsisting under the PRC laws as an independent
legal person; it has complete and independent legal status and legal capacity to sign, deliver and perform this Agreement and may independently serve as a party of litigation. 

 

	 	(2)	 It has full power and authority within the company to enter into and deliver this Agreement and all other
documents to be signed by it relating to the transactions described in this Agreement, and it has full power and authority to complete the transactions described herein. This Agreement is legally and properly signed and delivered by it. This
Agreement is legally binding on it and is enforceable against it according to the articles hereof. 

 Article 9 Validity
Period of this Agreement 
  

	9.1	 This Agreement shall take effect from the date of the official signing by both parties, and this agreement is
valid for twenty (20) years, unless otherwise specified in this Agreement or the two parties agree to terminate this Agreement in writing. 

  

	9.2	 Prior to the expiration of this Agreement, the validity of this agreement may be extended upon Party B’s
written confirmation. The extended validity period shall be determined by Party B, and Party A shall accept such extended validity periods unconditionally. 

  

	9.3	 Both parties to the Agreement shall complete the approval and registration formalities for the extension of the
business term within three months before expiry of their respective business terms, so as to extend the validity period of this Agreement. 

  

	9.4	 After termination of this Agreement, the two parties shall still abide by their obligations under Article 6 of
this Agreement. 

 Article 10 Notice 
  

	10.1	 Any notice, request, demand and other correspondences required by this Agreement or made according to this
Agreement shall be served in writing to the parties concerned. 

  
 11 

	10.2	 The aforesaid notices or other correspondences shall be deemed to have been served: (i) upon sending, when
sent by fax or telex; (ii) upon receipt, when delivered personally; or (iii) five (5) days after being posted, when sent by post. 

Article 11 Default Liabilities 
  

	11.1	 The two parties agree and confirm that if any party (hereinafter referred to as the “Defaulting
Party”) substantially breaches any agreement hereunder or substantially fails to fulfil or delays fulfilling any obligation hereunder, thus constituting a default hereunder (hereinafter referred to as “Default”), the Observant Party
shall have the right to require the Defaulting Party to make corrections or take remedial measures within a reasonable period. If the Defaulting Party fails to make corrections or take remedial measures within a reasonable period or within ten
(10) days after the Observant Party notifies the Defaulting Party in writing and makes a request for correction, the Observant Party shall have the right to decide on its own (1) to terminate this Agreement, and require the Defaulting
Party to give full compensation for damages; or (2) to require the Defaulting Party to fulfil its obligations hereunder in a compulsory manner and give full compensation for damages. 

 

	11.2	 Notwithstanding Article 11.1 above, the two parties agree and confirm that under no circumstances shall Party A
request the termination of this Agreement for any reason unless otherwise provided by laws or this Agreement. 

  

	11.3	 Notwithstanding the other provisions of this Agreement, the validity of Article 11 shall not be affected by the
termination of this Agreement. 

 Article 12 Force Majeure 

 

	12.1	 Where Either Party is directly affected in performing this Agreement or cannot perform this Agreement on the
agreed conditions because of earthquake, typhoon, flood, fire, war, computer virus, design flaws of instrumental software, Internet hacking attacks, changes in policies or laws, and any other force majeure event which cannot be foreseen or the
consequence of which cannot be prevented or avoided, the affected party shall immediately notify the other party by fax and shall provide, within thirty (30) days, details of the force majeure and documentary proof of reasons for failure or
delay in performance of this Agreement. Such documentary proof shall be issued by the notary authority of the place where the force majeure occurred. The two parties negotiate whether the performance of this Agreement shall be partially exempted or
postponed according to the degree to which such performance is affected by the force majeure event. The two parties shall not be liable for any economic losses caused to them by the force majeure event. 

  
 12 

 Article 13 Other Matters 

 

	13.1	 This Agreement is executed in Chinese in two (2) original copies, with one (1) held by either party
thereto. 

  

	13.2	 The conclusion, validity, performance, modification, interpretation and termination of this Agreement shall be
governed by the PRC laws. 

  

	13.3	 Any dispute arising out of or in connection with this Agreement shall be settled through negotiation by the
parties. If the two parties fail to reach an agreement within thirty (30) days after the occurrence of the dispute, the dispute shall be submitted to China International Economic and Trade Arbitration Commission for arbitration in Beijing
pursuant to the arbitration rules thereof in effect at the time of submission. The arbitration award shall be final and binding on the parties. 

  

	13.4	 Any rights, powers and remedies conferred on two parties by any terms of this Agreement shall not preclude any
other rights, powers or remedies conferred on it under the laws and other terms of this Agreement, and either party’s exercise of its rights, powers and remedies shall not preclude it from exercising other rights, powers and remedies enjoyed by
it. 

  

	13.5	 Either party’s failure to exercise or delay in exercising any rights, powers and remedies (hereinafter
referred to as the “Rights”) conferred on it under this Agreement or laws shall not result in its waiver of the Rights, and the waiver of any single or part of the Rights shall also not preclude it from exercising the Rights in other ways
and exercising the other Rights. 

  

	13.6	 The titles to the articles of this Agreement are for index purposes only and shall not be used for or affect
the interpretation of the provisions of this Agreement under any circumstances. 

  

	13.7	 Each term of this Agreement is severable and independent from every other terms. If any one or more terms of
this Agreement become invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other terms of this Agreement shall not in any way be affected thereby. 

 

	13.8	 Any amendment and supplement to this Agreement shall be executed in writing and shall take effect upon being
duly signed by both parties thereto. 

  

	13.9	 Except as otherwise agreed herein, neither party shall assign any of its rights and/or obligations hereunder to
any third party without the prior written consent of the other party. 

  
 13 

	13.10	 This Agreement shall be binding on the legal successors of both parties. 

  
 14 

 [This page is the Signing Page] 

In witness whereof, this Exclusive Consultation and Technical Services Agreement has been signed by both parties on the date first above written. 

 

			
	 Party A:
 Beijing Kingsoft Cloud
Network Technology Co., Ltd.
 /s/ Seal of Beijing Kingsoft Cloud Network Technology Co., Ltd.

		
	Signature:	 	/s/ Jun Lei
	Name:	 	Jun Lei
	Position:	 	Legal representative

  

			
	 Party B:
 Beijing Kingsoft Cloud
Technology Co., Ltd.
 /s/ Seal of Beijing Kingsoft Cloud Technology Co., Ltd.

		
	Signature:	 	/s/ Hongjiang Zhang
	Name:	 	Hongjiang Zhang
	Position:	 	Legal representative

  
 15 

 Supplemental Exclusive Consultation and Technical Service Agreement 

The Supplemental Exclusive Consultation and Technical Service Agreement (hereinafter referred to as “this Agreement”) was executed by
and among the following parties in the People’s Republic of China (hereinafter referred to as the “PRC”) on November 29, 2019: 

Party A: Beijing Kingsoft Cloud Network Technology Co., Ltd., a limited liability company established under PRC laws (“Kingsoft Cloud
Network”); 
 Party B: Beijing Kingsoft Cloud Technology Co., Ltd., a limited liability company established under PRC laws (“Kingsoft Cloud
Technology” or “WFOE”); 
 Party C: Zhuhai Kingsoft Cloud Technology Co., Ltd., a limited liability company established under PRC
laws (“Zhuhai Kingsoft Cloud”); 
 Party A, Party B and Party C are individually referred to as “one party” and collectively
referred to as “the parties” herein. 
 Whereas: Kingsoft Cloud Network and Kingsoft Cloud Technology signed on 9 November 2012 an
Exclusive Consultation and Technical Service Agreement (“Exclusive Consultation and Technical Service Agreement”), which specified that Kingsoft Cloud Technology shall provide services to Kingsoft Cloud
Network, including permitting Kingsoft Cloud Network to use the software, copyright and proprietary technology of Kingsoft Cloud Technology and Kingsoft Cloud Technology providing Kingsoft Cloud Network with comprehensive operation and management
technological solutions. Kingsoft Cloud Network shall pay Kingsoft Cloud Technology a business service fee equivalent to 100% of the balance net of the business cost of Kingsoft Cloud Network. 

The parties hereby arrive at the following supplemental agreement upon negotiation. The terms used but not defined in this Agreement shall have the same
meanings as those in the Exclusive Consultation and Technical Service Agreement: 
  

	1.	 General Transfer 

 

	1.1	 Kingsoft Cloud Network agrees to transfer both its rights and obligations under the Exclusive Consultation
and Technical Service Agreement to Zhuhai Kingsoft Cloud from the effective date of this Agreement, and Zhuhai Kingsoft Cloud agrees to generally receive the rights and obligations of Kingsoft Cloud Network under the Exclusive Consultation
and Technical Service Agreement. 

  
 16 

	1.2	 Kingsoft Cloud Technology agrees and confirms that since the effective date of this Agreement, the rights and
obligations of Kingsoft Cloud Network under the Exclusive Consultation and Technical Service Agreement are generally enjoyed or assumed by Zhuhai Kingsoft Cloud. 

 

	1.3	 Kingsoft Cloud Network and Kingsoft Cloud Technology confirm that there is no dispute between them regarding
the performance of the Exclusive Consultation and Technical Service Agreement, and both parties hereby irrevocably and unconditionally waive any type or nature of possible dispute, claim, request, right, obligation, responsibility, action,
contract or cause of action against the other party in the past, present or future in direct or indirect relation with or arising from the rights and obligations of the two parties under the Exclusive Consultation and Technical Service
Agreement. 

  

	2.	 Amendment to Article 9.1 of the Exclusive Consultation and Technical Service Agreement

  

	2.1	 The parties agree and confirm that Article 9.1 of the Exclusive Consultation and Technical Service
Agreement shall be amended as follows: “This Agreement shall take effect as from the date of signing by both parties, and shall be valid for twenty (20) years, unless otherwise specified in this Agreement or the WFOE unilaterally
decides to terminate this Agreement.” 

  

	3.	 Amendment to Article 11.2 of the Exclusive Consultation and Technical Service Agreement

  

	3.1	 The parties agree and confirm that Article 11.2 of the Exclusive Consultation and Technical Service
Agreement is amended as: 

 “Notwithstanding Article 11.1 above, both parties agree and confirm that under no
circumstances shall Zhuhai Kingsoft Cloud request the termination of this Agreement for any reason unless otherwise provided by laws or this Agreement. However, the WFOE, under any circumstance, shall be entitled to unilaterally terminate this
Agreement. The WFOE shall be entitled to request any amendment and supplement to this Agreement, and when the WFOE proposes such request, Zhuhai Kingsoft Cloud shall assist it in signing relevant agreements. Any amendment and supplement to this
Agreement signed by both parties shall constitute an integral part of this Agreement and shall have the same legal force as this Agreement.” 

  
 17 

	4.	 Governing Laws and Settlement of Disputes 

 

	4.1	 Governing laws 

The conclusion, validity, interpretation, performance, modification and termination of this Agreement and settlement of disputes thereunder shall be governed
by the PRC laws. 
  

	4.2	 Settlement of disputes 

Any dispute arising from the interpretation and performance of this Agreement shall be settled preferably by the parties thereto through friendly negotiation.
If the dispute cannot be resolved within 30 days after one party sends to the other parties a written request of resolving the dispute through negotiation, any party may refer the relevant dispute to China International Economic and Trade
Arbitration Commission for arbitration pursuant to the arbitration rules thereof. The arbitration shall be held in Beijing. The arbitration award shall be final and binding on the parties. 

 

	5.	 Confidentiality Obligations 

 

	5.1	 The parties acknowledge and determine that any oral or written information related to this Agreement or the
contents thereof or exchanged among one another for the preparation or performance of this Agreement is deemed to be confidential. The parties shall keep all such confidential information confidential and shall not disclose any confidential
information to any third party without the written consent of the other parties, except for the following information: (a) any information that is or will be in the public domain (other than through the receiving party’s unauthorized
disclosure); (b) any information required to be disclosed in accordance with governing laws and regulations, stock trading rules, or orders of government departments or a court; or (c) information required to be disclosed by any party to its
shareholders, directors, employees or legal or financial advisers in connection with the transaction described in this Agreement (the said shareholder, director, employee or legal or financial advisor is also required to be bound by confidentiality
obligations similar to those in this article). Disclosure of confidential information by any shareholder, director, employee or hired agency of any party shall also be deemed as disclosure of confidential information by that party, which party shall
be liable for breach of contract according to this Agreement. 

  

	6.	 Others 

  

	6.1	 Language 

This Agreement shall be executed in Chinese and in three counterparts, with one held by each party. Each copy shall have the same legal force. This Agreement
may have multiple signed copies, which constitute one and the same document. Signatures by fax or email or other e-signatures shall have the same legal effect as the original signature. 

 

	6.2	 Title 

The titles of this Agreement are set to facilitate reading only and shall not be used to interpret, explain or otherwise affect the meaning of the provisions
of this Agreement. 
  

	6.3	 Entry into Force 

  
 18 

 This Agreement shall take effect from the date of signing by the parties. 

 

	6.4	 Entire Agreement 

This Agreement constitutes an amendment and supplement to the Exclusive Consultation and Technical Service Agreement. In case of any inconsistency or
conflict between this Agreement and the Exclusive Consultation and Technical Service Agreement, this Agreement shall prevail. The validity of relevant stipulations under this Agreement is superior to the same under the Exclusive
Consultation and Technical Service Agreement. Matters not covered herein shall be as specified in the Exclusive Consultation and Technical Service Agreement. 

[The remainder is intentionally left blank] 

  
 19 

 The parties have duly signed this Agreement on the date first above written 

 

			
	 Beijing Kingsoft Cloud Network Technology Co., Ltd.

/s/ Seal of Beijing Kingsoft Cloud Network Technology Co., Ltd.

		
	Signature:	 	
	Name:	 	
	Position: Legal representative

  
 20 

 The parties have duly signed this Agreement on the date first above written 

 

			
	 Beijing Kingsoft Cloud Technology Co., Ltd.

/s/ Seal of Beijing Kingsoft Cloud Technology Co., Ltd.

		
	Signature:	 	
	Name:	 	
	Position: Legal representative

  
 21 

 The parties have duly signed this Agreement on the date first above written 

 

			
	 Zhuhai Kingsoft Cloud Technology Co., Ltd.
  

/s/ Seal of Zhuhai Kingsoft Cloud Technology Co., Ltd.

		
	Signature:	 	
	Name:	 	
	Position: Legal representative

  
 22

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