Document:

Right of First Refusal and Co-Sale Agreement, dated February 1, 2010

 Exhibit 4.6 

RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT 

THIS RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT (this “Agreement”) is made as of February 1, 2010, by and among
the following parties: 
 (1) GLOBAL EDUCATION & TECHNOLOGY GROUP LIMITED, a company organized and existing under the
Laws of the Cayman Islands (the “Company”); 
 (2) SB ASIA INVESTMENT FUND II L.P., a limited partnership
organized and existing under the Laws of the Cayman Islands (“SAIF”, and together with any other investors who may subsequently become party to this Agreement, the “Investors”); and 

(3) ETERNAL JADE INC. and ORIENTAL LIGHT CONSULTING LIMITED (individually, an “Ordinary Holder” and collectively, the
“Ordinary Holders”), each a company organized and existing under the Laws of the British Virgin Islands ; and 

(4) YONGQI ZHANG (

) and XIAODONG ZHANG (

) (individually, a “Founder” and collectively, the “Founders”), each a citizen of the People’s Republic of China. 

Each of the Company, the Investors, the Ordinary Holders and the Founders shall be referred to individually as a “Party”
and collectively as the “Parties”. 
 RECITALS 

 

	A.	SUNNYKEY INTERNATIONAL HOLDINGS LIMITED (“SUNNYKEY”), SAIF, the Founders are parties to that certain Right of First Refusal and Co-Sale Agreement,
dated September 15, 2006 (the “Prior Agreement”). For and in consideration of the release and termination of the obligations under the Prior Agreement pursuant to that certain Right of First Refusal and Co-Sale Agreement
Termination and Waiver dated February 1, 2010, the Company, the Ordinary Holders and SAIF agree to enter into and be bound by the terms and conditions of this Agreement. 

 

	B.	For and in consideration of their agreement to enter into the Share Exchange Agreement dated February 1, 2010, under which SAIF, the Founders and HONG ZENG (

) are to transfer their shares in SUNNYKEY to the Company in exchange for shares of the Company, the Company, the Ordinary Holders and SAIF have agreed to enter into and be bound by the terms and conditions of this
Agreement. 

 WITNESSETH 

NOW, THEREFORE, in consideration of the premises set forth above, the mutual promises and covenants set forth herein and other good and
valuable consideration, the Parties agree as follows: 
 1. Definitions. The following terms shall have the meanings ascribed to them
below: 
 “Affiliate” means, with respect to a Person, any other Person that, directly or
indirectly, Controls, is Controlled by or is under common Control with such Person. 

 “Centre” has the meaning set forth in Section 6.10(b)
hereof. 
 “Company” has the meaning set forth in the Preamble to this Agreement. 

“Control” of a given Person means the power or authority, whether exercised or not, to direct the
business, management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, which power or authority shall conclusively be presumed to exist upon possession of beneficial
ownership or power to direct the vote of more than fifty percent (50%) of the votes entitled to be cast at meetings of the members or shareholders of such Person or power to control the composition of a majority of the board of directors of
such Person; the terms “Controlling” and “Controlled” have meanings correlative to the foregoing. 

“Equity Securities” means any Ordinary Shares and/or Ordinary Share Equivalents of the Company.

 “Governmental Authority” means any nation or government or any province or state or any other
political subdivision thereof; any entity, authority or body exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any government authority, agency, department, board,
commission or instrumentality of China or any political subdivision thereof, any court, tribunal or arbitrator, and any self-regulatory organization. 

“Holder” means the Investors, together with the Permitted Transferees and assigns of the Investors who
become parties to this Agreement. 
 “Investors” has the meaning set forth in the Preamble to
this Agreement. 
 “Law” means any constitutional provision, statute or other law, rule,
regulation, official policy or interpretation of any Governmental Authority and any injunction, judgment, order, ruling, assessment or writ issued by any Governmental Authority. 

“Memorandum and Articles” means the Company’s Memorandum and Articles of Association, as amended and
restated from time to time. 
 “Offered Shares” has the meaning set forth in Section 2.2(a)
hereof. 
 “Ordinary Holder” has the meaning set forth in the Preamble to this Agreement.

 “Ordinary Shares” means the Company’s ordinary shares, par value US$0.0001 per share.

 “Ordinary Share Equivalents” means warrants, options and rights exercisable for Ordinary
Shares or securities convertible into or exchangeable for Ordinary Shares, including, without limitation, the Series A Preferred Shares. 

 “Party” has the meaning set forth in the Preamble to this
Agreement. 
 “Permitted Transferee” has the meaning set forth in Section 2.6 hereof.

 “Person” means any individual, corporation, partnership, limited partnership, proprietorship,
association, limited liability company, firm, trust, estate or other enterprise or entity. 
 “Prior
Agreement” has the meaning set forth in the Recitals hereof. 
 “Purchasing Holders”
has the meaning set forth in Section 2.2(b) hereof. 
 “Qualified IPO” has the meaning
given to such term in the Memorandum and Articles, as amended and restated from time to time. 

“Re-Allotment Notice” has the meaning set forth in Section 2.2(b) hereof. 

“Restricted Shareholder” has the meaning set forth in Section 2.1(a) hereof. 

“SAIF” has the meaning set forth in the Preamble to this Agreement. 

“Selling Holder” has the meaning set forth in Section 2.3(a) hereof. 

“Series A Preferred Shares” or “Preferred Shares” means any and all of the
Company’s Series A Preferred Shares, par value US$0.0001 per share. 
 “Shares” means the
Company’s Ordinary Shares and/or Series A Preferred Shares. 
 “SUNNYKEY” has the meaning
set forth in the Recitals hereof. 
 “Transfer” has the meaning set forth in Section 2.2(a)
hereof. 
 “Transfer Notice” has the meaning set forth in Section 2.2(a) hereof.

 “Transferor” has the meaning set forth in Section 2.2(a) hereof. 

2. Rights of First Refusal and Co-Sale Rights 

2.1 Prohibition on Transfer of Shares. 

(a) Holders of Ordinary Shares. Except as provided in Sections 2.2 through 2.6 of this Agreement, no holder of Ordinary Shares or
Ordinary Share Equivalents other than SAIF (each a “Restricted Shareholder”), regardless of any Founder’s employment status with the Company, may transfer any direct or indirect interest (either directly or indirectly through
the transfer or other disposal of the equity interest in any Ordinary Holder) in any Equity Securities now or hereafter directly or indirectly owned by the Founders prior to a Qualified IPO, unless otherwise approved in writing by SAIF as long as
SAIF holds any Series A Preferred Shares. For the purposes hereof, redemption or repurchase of Shares by the Company shall not be prohibited under this clause. 

 (b) Holders of Preferred Shares. No Holder may transfer any of its Shares to
any of the entities listed on Schedule 1 hereto, or to any officer, director or significant shareholder of any such entities, as such schedule may be amended from time to time by the Ordinary Holders; provided such Schedule 1 may not
be amended more than once in any given twelve (12) month period and shall not include entities whose business is not competitive with that of the Company. 

(c) Prohibited Transfers Void. Any transfer of Equity Securities not made in compliance with this Agreement shall be null and void
as against the Company, shall not be recorded on the books of the Company and shall not be recognized by the Company. 
 2.2
Rights of First Refusal. 
 (a) Transfer Notice. Prior to the closing of a Qualified IPO, if a Restricted Shareholder
proposes to transfer Equity Securities to one or more third parties pursuant to an understanding with such third parties (a “Transfer”, and such holder a “Transferor”), then the Transferor shall give the Company and
each Holder written notice of the Transferor’s intention to make the Transfer (the “Transfer Notice”), which shall include (i) a description of the Equity Securities to be transferred (the “Offered
Shares”), (ii) subject to any applicable non-disclosure agreement with such third party, the identity of the prospective transferee and (iii) the consideration and the material terms and conditions upon which the proposed Transfer
is to be made. The Transfer Notice shall certify that the Transferor has received a firm offer from the prospective transferee and in good faith believes a binding agreement for the Transfer is obtainable on the terms set forth in the Transfer
Notice. 
 (b) Holders’ Option. 

(i) Each Holder shall have an option for a period of twenty (20) days following the Holder’s receipt of the
Transfer Notice to elect to purchase its respective pro rata share of the Offered Shares at the same price and subject to the same material terms and conditions as described in the Transfer Notice. 

(ii) Each Holder may exercise such purchase option and, thereby, purchase all or any portion of its pro rata share (with
any re-allotment as provided below) of the Offered Shares, by notifying Transferor and the Company in writing, before expiration of the twenty (20) day period as to the number of such shares that it wishes to purchase (including any
re-allotment). 
 (iii) Each Holder’s pro rata share of the Offered Shares shall be a fraction, the
numerator of which shall be the number of Equity Securities (assuming the exercise, conversion and exchange of any Ordinary Share Equivalents) owned by such Holder on the date of the Transfer Notice and the denominator of which shall be the total
number of Equity Securities (assuming the exercise, conversion and exchange of any Ordinary Share Equivalents) held by all Holders on such date. 

(iv) If any Holder fails to exercise such purchase option pursuant to this Section 2.2, the Transferor shall give
notice of such failure (the “Re-allotment Notice”) to the Company and to each other Holder that elected to purchase its entire pro rata share of the Offered Shares (the “Purchasing Holders”). Such Re-allotment
Notice may be made by telephone if confirmed in writing within two (2) days. The Purchasing Holders shall have a right of re-allotment such that they shall have ten (10) days from the date such Re-allotment Notice was given to elect to
increase the number of Offered Shares they agreed to purchase under Section 2.2(b)(i) to include their respective pro rata share of the Offered Shares contained in any Re-allotment Notice. 

 (v) Subject to applicable securities Laws, the Holder shall be entitled to
apportion Offered Shares to be purchased among its partners and Affiliates upon written notice to the Company and the Transferor. 

(vi) If a Holder gives the Transferor notice that it desires to purchase Offered Shares, then payment for the Offered
Shares to be purchased shall be by check or wire transfer in immediately available funds of the appropriate currency, against delivery of such Offered Shares to be purchased at a place agreed by the Transferor and all the participating Holders and
at the time of the scheduled closing therefor, which shall be no later than forty-five (45) days after the Company’s receipt of the Transfer Notice, unless such notice contemplated a later closing with the prospective third party
transferee or unless the value of the purchase price has not yet been established pursuant to Section 2.2(c). 

(vii) Regardless of any other provision of this Agreement, if the Holders decline in writing, or fail to exercise their
purchase option pursuant to this Section 2.2 with respect to all (and not less than all) Offered Shares, then the Transferor shall be under no obligation to transfer the Offered Shares to such Holders pursuant to this Section 2.2 and shall
instead be free to sell such Offered Shares pursuant to the Transfer Notice, subject to Sections 2.3 and 2.4 hereunder. 

(viii) The Transferor shall have the right to terminate or withdraw any Transfer Notice and any intent to transfer Offered
Shares at any time, whether or not any Holder has elected to purchase under this Section 2.2 any Offered Shares offered thereby. 

(c) Valuation of Property. 

(i) Should the purchase price specified in the Transfer Notice be payable in property other than cash or evidences of
indebtedness, the Holders shall have the right to pay the purchase price in the form of cash equal in amount to the fair market value of such property. 

(ii) If the Transferor and the Holders cannot agree on such cash value within seven (7) days after the Holders’
receipt of the Transfer Notice, the valuation shall be made by an appraiser of internationally recognized standing jointly selected by the Transferor and the Holders or, if they cannot agree on an appraiser within ten (10) days after the
Holders’ receipt of the Transfer Notice, each shall select an appraiser of internationally recognized standing and the two appraisers shall designate a third appraiser of internationally recognized standing, whose appraisal shall be
determinative of such value. 
 (iii) The cost of such appraisal shall be shared equally by the Transferor and
the Holders, with the half of the cost borne by the Holders to be borne pro rata by each Holder based on the number of shares such Holder has elected to purchase pursuant to this Section 2. 

 (iv) If the value of the purchase price offered by the prospective
transferee is not determined within the forty-five (45) day period specified in Section 2.2(b)(vi) above, the closing of the Holders’ purchase shall be held on or prior to the fifth business day after such valuation shall have been
made pursuant to this Section 2.2(c). 
 2.3 Right of Co-Sale. 

(a) To the extent the Holders do not exercise their respective right of first refusal as to all of the Offered Shares pursuant to
Section 2.2, each Holder that did not exercise its right of first refusal as to any of the Offered Shares pursuant to Section 2.2 shall have the right to participate in such sale of Equity Securities on the same terms and conditions as
specified in the Transfer Notice by notifying the Transferor in writing within twenty (20) days after receipt of the Transfer Notice referred to in Section 2.2(a) (such Holder, a “Selling Holder”). 

(i) Such Selling Holder’s notice to the Transferor shall indicate the number of Equity Securities the Selling Holder
wishes to sell under its right to participate. 
 (ii) To the extent one or more of the Holders exercise such
right of participation in accordance with the terms and conditions set forth below, the number of Equity Securities that the Transferor may sell in the Transfer shall be correspondingly reduced. 

(b) Each Selling Holder may elect to sell up to such number of Equity Securities equal to the product of (i) the aggregate
number of the Offered Shares being transferred following the exercise or expiration of all rights of first refusal pursuant to Section 2.2 hereof multiplied by (ii) a fraction, the numerator of which is the number of Ordinary Shares
(including the number of Ordinary Shares that would be issuable upon the exercise, conversion or exchange of Ordinary Share Equivalents) owned by the Selling Holder on the date of the Transfer Notice and the denominator of which is the total number
of Ordinary Shares (including the number of Ordinary Shares that would be issuable upon the exercise, conversion or exchange of Ordinary Share Equivalents) owned by all Selling Holders and the Transferor on the date of the Transfer Notice.

 (c) Each Selling Holder shall effect its participation in the sale by promptly delivering to the Transferor for
transfer to the prospective purchaser one or more certificates, properly endorsed for transfer, which represent the type and number of Equity Securities which such Selling Holder elects to sell; provided, however that if the
prospective third-party purchaser objects to the delivery of any Ordinary Share Equivalents in lieu of Ordinary Shares, such Selling Holder shall only deliver Ordinary Shares (and therefore shall convert any such Ordinary Share Equivalents into
Ordinary Shares) and certificates corresponding to such Ordinary Shares. The Company agrees to make any such conversion concurrent with the actual transfer of such shares to the purchaser and contingent on such transfer. 

(d) The share certificate or certificates that a Selling Holder delivers to the Transferor pursuant to Section 2.3(c) shall
be transferred to the prospective purchaser in consummation of the sale of the Equity Securities pursuant to the terms and conditions specified in the Transfer Notice, and the Transferor shall concurrently therewith remit to such Selling Holder that
portion of the sale proceeds to which such Selling Holder is entitled by reason of its participation in such sale. 

 (e) To the extent that any prospective purchaser prohibits the participation of a
Selling Holder exercising its co-sale rights hereunder in a proposed Transfer or otherwise refuses to purchase shares or other securities from a Selling Holder exercising its co-sale rights hereunder, the Transferor shall not sell to such
prospective purchaser any Equity Securities unless and until, simultaneously with such sale, the Transferor shall purchase from such Selling Holder such shares or other securities that such Selling Holder would otherwise be entitled to sell to the
prospective purchaser pursuant to its co-sale rights for the same consideration and on the same terms and conditions as the proposed transfer described in the Transfer Notice. 

2.4 Non-Exercise of Rights. 

(a) Subject to any other applicable restrictions on the sale of such shares, to the extent that the Holders have not exercised
their rights to purchase the Offered Shares within the time periods specified in Section 2.2 and the Holders have not exercised their rights to participate in the sale of the Offered Shares within the time periods specified in Section 2.3,
the Transferor shall have a period of sixty (60) days from the expiration of such rights in which to sell the Offered Shares, as the case may be, to the third-party transferee identified in the Transfer Notice upon terms and conditions
(including the purchase price) no more favorable to the purchaser than those specified in the Transfer Notice. 
 (b) In
the event the Transferor does not consummate the sale or disposition of the Offered Shares within sixty (60) days from the expiration of such rights, the Holders’ first refusal rights and co-sale rights shall continue to be applicable to
any subsequent disposition of the Offered Shares by the Transferor until such rights lapse in accordance with the terms of this Agreement. 

(c) The exercise or non-exercise of the rights of the Holders under this Section 2 to purchase Equity Securities from a
Transferor or participate in the sale of Equity Securities by a Transferor shall not adversely affect their rights to make subsequent purchases from the Transferor of Equity Securities or subsequently participate in sales of Equity Securities by the
Transferor hereunder. 
 2.5 Restriction on Indirect Transfers. The Parties agree that the transfer restrictions set
forth in this Agreement shall not be capable of being avoided by the holding of the Equity Securities indirectly through a company, partnership, or other entity that can itself be sold in order to dispose of an indirect interest in the Equity
Securities free of such restrictions. Any transfer or other disposal of any shares (or other interest) in any Ordinary Holder shall be treated as being a transfer of the Equity Securities held by such Ordinary Holder and the provisions of this
Agreement that apply in respect of the transfer of the Equity Securities shall thereupon apply in respect of the Equity Securities so held and the equity interest of the related Ordinary Holder. Each of the Founders shall not, and shall not cause or
permit any other person to, directly or indirectly, sell, assign, transfer, pledge, hypothecate, mortgage, encumber or otherwise dispose through one or a series of transactions any equity interest directly or indirectly controlled by him or her in
the Company to any person in violation of this Agreement. 

 2.6 Limitations to Rights of First Refusal and Co-Sale. Notwithstanding the
provisions of this Section 2, any Restricted Shareholder may sell or otherwise assign, with or without consideration, any Equity Securities now or hereafter held by such holder, and any Founder may sell or otherwise assign, with or without
consideration, any equity securities now or hereafter held by such Founder in any Ordinary Holder, to an entity wholly-owned by such holder or Founder, or to any spouse, lineal descendants, or to a trust, custodian, trustee, executor, or other
fiduciary for the account of any of the foregoing, or to a trust for such holder’s (or such Founder’s) account, or a charitable remainder trust (collectively, the “Permitted Transferees” and each, a “Permitted
Transferee”) and such sale or assignment shall not be subject to Sections 2.1, 2.2, 2.3 or 2.5, provided that (i) as long as SAIF holds any Preferred Shares, only one transfer to each Permitted Transferee is permitted and any
additional transfer by any holder of Equity Securities (or any additional transfer by any Founder of equity securities of any Ordinary Holder) to a Permitted Transferee shall require the prior consent of SAIF, which shall be determined at
SAIF’s sole discretion, (ii) each such Permitted Transferee, prior to the completion of the sale, transfer, or assignment, shall have executed documents, in form and substance reasonably satisfactory to the Holders, assuming the
obligations of the Restricted Shareholders (or the Founders, as the case may be) under this Agreement, including but not limited to Section 2.1 hereof, with respect to the transferred Equity Securities and (iii) if so required by the
Holders and the Company in writing, each Permitted Transferee shall have executed and delivered to the transferring Restricted Shareholder (with a copy to the Company) an irrevocable, unconditional and permanent power of attorney, all in form and
manner reasonably satisfactory to the Holders, effective immediately after the closing of such sale or assignment, appointing the transferring Restricted Shareholder (or such holder’s existing attorney-in-fact) as such Permitted
Transferee’s attorney-in-fact and authorizing him to vote, in his absolute discretion as the attorney-in-fact of the Permitted Transferee, any and all Equity Securities of the Company owned by such Permitted Transferee with respect to any
Company related matters. 
 3. Assignments and Transfers; No Third Party Beneficiaries. Except as otherwise provided herein, this
Agreement and the rights and obligations of the Parties hereunder shall inure to the benefit of, and be binding upon, their respective successors, assigns and legal representatives, but shall not otherwise be for the benefit of any third party.
Except as otherwise provided herein, the rights of any Holder hereunder are only assignable in connection with the transfer (subject to applicable securities and other Laws) of Equity Securities held by such Holder but only to the extent of such
transfer; provided, however, that (i) the transferor shall, prior to the effectiveness of such transfer, furnish to the Company written notice of the name and address of such transferee and the Equity Securities that are
being assigned to such transferee, and (ii) such transferee shall, concurrently with the effectiveness of such transfer, become a party to this Agreement as a Holder and be subject to all applicable restrictions set forth in this Agreement.
This Agreement and the rights and obligations of any Party hereunder shall not otherwise be assigned without the mutual written consent of the other Parties. For avoidance of doubt, the sale or transfer of any Equity Securities by the Holders shall
not be subject to any right of first refusal, co-sale rights or any other contractual conditions or restrictions on transfer except as expressly set forth in this Agreement or as may be required by Law. 

 4. Legend. Each existing or replacement certificate for shares now owned or hereafter acquired by any
Restricted Shareholder shall bear the following legend: 
 “THE SALE, PLEDGE, HYPOTHECATION, ASSIGNMENT OR TRANSFER OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND CONDITIONS OF A RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT BY AND BETWEEN THE MEMBER, THE COMPANY AND CERTAIN HOLDERS OF SHARES OF THE COMPANY. COPIES OF SUCH AGREEMENTS MAY BE
OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.” 
 5. Further Instruments and Actions. The Parties agree to execute
such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement. Each Party agrees to cooperate affirmatively with the other Parties, to the extent reasonably requested by another
Party, to enforce rights and obligations pursuant hereto. 
 6. Miscellaneous 

6.1 Governing Law. This Agreement shall be governed by and construed under the Laws of the State of New York without regard to
conflicts of law provisions. 
 6.2 Notices. Any notice required or permitted pursuant to this Agreement shall be given
in writing and shall be given either personally or by next-day or second-day courier service, fax, electronic mail or similar means to the address as shown below the signature of such Party on the signature page of this Agreement (or at such other
address as such Party may designate by fifteen (15) days’ advance written notice to the other Parties to this Agreement given in accordance with this Section). Where a notice is sent by next-day or second-day courier service, service of
the notice shall be deemed to be effected by properly addressing, pre-paying and sending by next-day or second-day service through an internationally-recognized courier a letter containing the notice, with a confirmation of delivery, and by two
(2) days having passed after the letter containing the same is sent as aforesaid. Where a notice is sent by fax or electronic mail, service of the notice shall be deemed to be effected on the same day on which it is properly addressed and sent
through a transmitting organization with a reasonable confirmation of delivery. 
 6.3 Term. This Agreement shall
terminate upon the earlier of (i) any liquidation, winding-up, or dissolution of the Company, (ii) any consolidation, amalgamation or merger of the Company with or into any Person, or any other corporate reorganization, including a sale or
acquisition of Equity Securities of the Company, in which the members of the Company immediately before such transaction own less than fifty percent (50%) of the Company’s voting power immediately after such transaction (excluding any
transaction effected solely for tax purposes or to change the Company’s domicile), (iii) a sale of all or substantially all of the assets of the Company, (iv) the exclusive licensing of all or substantially all of the Company’s
intellectual property to a third party, or (v) the closing of a Qualified IPO. 
 6.4 Entire Agreement. This
Agreement and the exhibits hereto contain the entire understanding of the Parties with respect to the subject matter hereof, and supersede all other agreements between or among any of the Parties with respect to the subject matter hereof.

 6.5 Amendments and Waivers. Any term of this Agreement may be amended and the
observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of each of (i) the Company, (ii) the Ordinary Holders,
(iii) the Founders, and (iv) Holders holding at least majority of all Ordinary Shares (on an as converted basis) then owned by all Holders. Any amendment or waiver effected in accordance with this paragraph shall be binding upon the
Parties and their respective successors and assigns. 
 6.6 Severability. If one or more provisions of this Agreement are
held to be unenforceable under applicable Law, such provision shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms.

 6.7 Attorney’s Fees. In the event that any dispute among the Parties arising from or in relation to this
Agreement should result in litigation, the prevailing Party in such dispute shall be entitled to recover from the losing Party all fees, costs and expenses of enforcing any right of such prevailing Party under or with respect to this Agreement,
including, without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals. 

6.8 Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be
considered in construing or interpreting this Agreement. 
 6.9 Counterparts. This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Facsimile and e-mailed copies of signatures shall be deemed to be originals for purposes of the effectiveness of
this Agreement. 
 6.10 Dispute Resolution. 

(a) Any dispute, controversy or claim arising out of or relating to this Agreement, or the interpretation, breach, termination or
validity hereof, shall first be subject to resolution through consultation of the parties to such dispute, controversy or claim. Such consultation shall begin within seven (7) days after one Party hereto has delivered to the other Parties
involved a written request for such consultation. If within thirty (30) days following the commencement of such consultation the dispute cannot be resolved, the dispute shall be submitted to arbitration upon the request of any Party with notice
to the other Parties. 
 (b) The arbitration shall be conducted in Hong Kong under the auspices of the Hong Kong International
Arbitration Centre (the “Centre”). There shall be three arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for
arbitration. Such arbitrators shall be freely selected, and the Parties shall not be limited in their selection to any prescribed list. The Chairman of the Centre shall select the third arbitrator, who shall be qualified to practice law in New York.
If either party to the arbitration does not appoint an arbitrator who has consented to participate within thirty (30) days after selection of the first arbitrator, the relevant appointment shall be made by the Chairman of the Centre.

 (c) The arbitration proceedings shall be conducted in English. The arbitration tribunal
shall apply the Arbitration Rules of the Centre in effect at the time of the arbitration. However, if such rules are in conflict with the provisions of this Section 6.10, including the provisions concerning the appointment of arbitrators, the
provisions of this Section 6.10 shall prevail. 
 (d) The arbitrators shall decide any dispute submitted by the parties to
the arbitration strictly in accordance with the substantive Law of New York and shall not apply any other substantive Law. 

(e) Each Party hereto shall cooperate with any party to the dispute in making full disclosure of and providing complete access to all
information and documents requested by such party in connection with such arbitration proceedings, subject only to any confidentiality obligations binding on the Party receiving the request. 

(f) The award of the arbitration tribunal shall be final and binding upon the disputing parties, and any party to the dispute may apply
to a court of competent jurisdiction for enforcement of such award. 
 (g) Any party to the dispute shall be entitled to seek
preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitral tribunal. 

6.11 Rights Cumulative. Each and all of the various rights, powers and remedies of a Party hereto will be considered to be
cumulative with and in addition to any other rights, powers and remedies which such Party may have at law or in equity in the event of the breach of any of the terms of this Agreement. The exercise or partial exercise of any right, power or remedy
will neither constitute the exclusive election thereof nor the waiver of any other right, power or remedy available to such Party. 

6.12 No Waiver. Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof will not be deemed
a waiver of such term, covenant, or condition, nor will any waiver or relinquishment of, or failure to insist upon strict compliance with, any right, power or remedy power hereunder at any one or more times be deemed a waiver or relinquishment of
such right, power or remedy at any other time or times. 
 6.13 No Presumption. The Parties acknowledge that any
applicable law that would require interpretation of any claimed ambiguities in this Agreement against the Party that drafted it has no application and is expressly waived. If any claim is made by a Party relating to any conflict, omission or
ambiguity in the provisions of this Agreement, no presumption or burden of proof or persuasion will be implied because this Agreement was prepared by or at the request of any Party or its counsel. 

[Remainder of page intentionally left blank; signature pages to follow] 

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first
written above. 
  

									
	COMPANY:	 		 	 GLOBAL EDUCATION & TECHNOLOGY GROUP LIMITED

				
		 		 	By:	 	 /s/ Xiaodong Zhang

		 		 		 	Name: Xiaodong Zhang
		 		 		 	Capacity: Chief Executive Officer
			
		 		 	Address:
		 		 	 Cricket Square, Hutchins Drive, PO Box 2681,

		 		 	 Grand Cayman, KY1-1111, Cayman Islands

[Signature Page to ROFR and Co-Sale Agreement] 
  

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first
written above. 
  

									
	ORDINARY HOLDER:	 		 	 ETERNAL JADE INC.

				
		 		 	By:	 	 /s/ Yongqi Zhang

		 		 		 	Name: Yongqi Zhang
		 		 		 	Capacity: Director
			
		 		 	Address:
		 		 	P.O.Box 957, Offshore Incorporations Centre,
		 		 	Road Town, Tortola, British Virgin Islands

[Signature Page to ROFR and Co-Sale Agreement] 
  

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first
written above. 
  

									
	ORDINARY HOLDER:	 		 	 ORIENTAL LIGHT CONSULTING LIMITED

				
		 		 	By:	 	 /s/ Xiaodong Zhang

		 		 		 	Name: Xiaodong Zhang
		 		 		 	Capacity: Director
			
		 		 	Address:
		 		 	P.O.Box 957, Offshore Incorporations Centre,
		 		 	Road Town, Tortola, British Virgin Islands

[Signature Page to ROFR and Co-Sale Agreement] 
  

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first
written above. 
  

									
	INVESTOR:	 		 	 SB ASIA INVESTMENT FUND II L.P.

				
		 		 	By:	 	 /s/ Andrew Y. Yan

		 		 		 	Name: Andrew Y. Yan
		 		 		 	Capacity: Authorized Signatory
			
		 		 	Address:

 [Signature Page to ROFR
and Co-Sale Agreement] 

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first
written above. 
  

					
	FOUNDER:	 		 	YONGQI ZHANG (

)
			
		 		 	 /s/ Yongqi Zhang

		 		 	PRC Passport Number: G28107446
			
		 		 	Address:
		 		 	6-1-1601 Wei Bo Hao, No.1 Wei Gong Village, Haidian
		 		 	District, Beijing, PRC

 [Signature Page to
ROFR and Co-Sale Agreement] 
  

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first
written above. 
  

					
	FOUNDER:	 		 	XIAODONG ZHANG (

)
			
		 		 	 /s/ Xiaodong Zhang

		 		 	PRC Passport Number: G32490431
			
		 		 	Address:
		 		 	6-1-1601 Wei Bo Hao, No.1 Wei Gong Village, Haidian
		 		 	District, Beijing, PRC
			
		 		 	Fax:

 [Signature Page to ROFR and Co-Sale
Agreement] 
  

 SCHEDULE 1 

COMPETITOR COMPANIES 

The list of Competitor Companies shall not include more than 5 names. 

Schedule 12008 Employee Share Incentive Plan

 Exhibit 10.1 

SUNNYKEY INTERNATIONAL HOLDINGS LIMITED 

SHARE INCENTIVE PLAN 

PREFACE 

This Plan is divided into two separate equity programs: (1) the option grant program set forth in Section 5 under which
Eligible Persons (as defined in Section 3) may, at the discretion of the Administrator, be granted Options, and (2) the share award program set forth in Section 6 under which Eligible Persons may, at the discretion of the
Administrator, be awarded restricted or unrestricted Ordinary Shares. Section 2 of this Plan contains the general rules regarding the administration of this Plan. Section 3 sets forth the requirements for eligibility to receive an Award
grant under this Plan. Section 4 describes the authorized shares of the Company that may be subject to Awards granted under this Plan. Section 7 contains other provisions applicable to all Awards granted under this Plan. Section 8
provides definitions for certain capitalized terms used in this Plan and not otherwise defined herein. 
  

	1.	PURPOSE OF THE PLAN. 

 The
purpose of this Plan is to promote the success of the Company and the interests of its shareholders by providing a means through which the Company may grant equity-based incentives to attract, motivate, retain and reward certain officers, employees,
directors and other eligible persons and to further link the interests of Award recipients with those of the Company’s shareholders generally. 
  

	2.	ADMINISTRATION. 

 2.1
Administrator. This Plan shall be administered by and all Awards under this Plan shall be authorized by the Administrator. The “Administrator” means the Board or one or more committees appointed by the Board or
another committee (within its delegated authority) to administer all or certain aspects of this Plan. Any such committee shall be comprised solely of one or more directors or such number of directors as may be required under applicable law. A
committee may delegate some or all of its authority to another committee so constituted. The Board or a committee comprised solely of directors may also delegate, to the extent permitted by the British Virgin Islands Business Companies Act, 2004 and
any other applicable law, to one or more officers of the Company, its powers under this Plan (a) to designate the officers and employees of the Company and its Affiliates who will receive grants of Awards under this Plan, and (b) to
determine the number of shares subject to, and the other terms and conditions of, such Awards. The Board may delegate different levels of authority to different committees with administrative and grant authority under this Plan. Unless otherwise
provided in the Memorandum and Articles of Association of the Company or the applicable charter of any Administrator: (a) a majority of the members of the acting Administrator shall constitute a quorum, and (b) the vote of a majority of
the members present assuming the presence of a quorum or the unanimous written consent of the members of the Administrator shall constitute action by the acting Administrator. 

2.2 Plan Awards; Interpretation; Powers of Administrator. Subject to the express provisions of this Plan, the
Administrator is authorized and empowered to do all things it deems necessary or desirable in connection with the authorization of Awards and the administration of this Plan (in the case of a committee or delegation to one or more officers, within
the authority delegated to that committee or person(s)), including, without limitation, the authority to: 
  

	 	(a)	determine eligibility and, from among those persons determined to be eligible, the particular Eligible Persons who will receive Awards; 

	 	(b)	grant Awards to Eligible Persons, determine the price and number of securities to be offered or awarded to any of such persons, determine the other specific terms and
conditions of Awards consistent with the express limits of this Plan, establish the installments (if any) in which such Awards will become exercisable or will vest (which may include, without limitation, performance and/or time-based schedules) or
determine that no delayed exercisability or vesting is required, establish any applicable performance targets, and establish the events of termination or reversion of such Awards; 

 

	 	(c)	approve the forms of Award Agreements, which need not be identical either as to type of Award or among Participants; 

 

	 	(d)	construe and interpret this Plan and any Award Agreement or other agreements defining the rights and obligations of the Company, its Affiliates, and Participants under
this Plan, make factual determinations with respect to the administration of this Plan, further define the terms used in this Plan, and prescribe, amend and rescind rules and regulations relating to the administration of this Plan or the Awards;

  

	 	(e)	cancel, modify, or waive the Company’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding Awards, subject to any required
consent under Section 7.7.4; 

  

	 	(f)	accelerate or extend the vesting or exercisability or extend the term of any or all outstanding Awards (within the maximum ten-year term of Awards under Sections 5.4.2
and 6.5) in such circumstances as the Administrator may deem appropriate (including, without limitation, in connection with a termination of employment or services or other events of a personal nature); 

 

	 	(g)	determine Fair Market Value for purposes of this Plan and Awards; 

  

	 	(h)	determine the duration and purposes of leaves of absence that may be granted to Participants without constituting a termination of their employment for purposes of this
Plan; 

  

	 	(i)	determine whether, and the extent to which, adjustments are required pursuant to Section 7.3 hereof and authorize the termination, conversion, substitution or
succession of awards upon the occurrence of an event of the type described in Section 7.3; and 

  

	 	(j)	implement any procedures, steps, additional or different requirements as may be necessary to comply with any laws of the People’s Republic of China (the
“PRC”) that may be applicable to this Plan, any Award or any related documents, including but not limited to foreign exchange laws, tax laws and securities laws of the PRC. 

 

 - 2 - 

 2.3 Binding Determinations. Any action taken by, or inaction of, the
Company, any Affiliate, the Board or the Administrator relating or pursuant to this Plan or under applicable law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. Neither the Board
nor the Administrator, nor any member thereof or person acting at the direction thereof, shall be liable for any act, omission, interpretation, construction or determination made in good faith in connection with this Plan (or any Award), and all
such persons shall be entitled to indemnification and reimbursement by the Company in respect of any claim, loss, damage or expense (including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted
by law and/or under any directors and officers liability insurance coverage that may be in effect from time to time. 

2.4 Reliance on Experts. In making any determination or in taking or not taking any action under this Plan, the
Administrator may obtain and may rely upon the advice of experts, including employees of and professional advisors to the Company. No director, officer or agent of the Company or any of its Affiliates shall be liable for any such action or
determination taken or made or omitted in good faith. 
 2.5 Delegation. The Administrator may delegate
ministerial, non-discretionary functions to individuals who are officers or employees of the Company or any of its Affiliates or to third parties. 
  

	3.	ELIGIBILITY. 

 Awards may
be granted under this Plan only to those persons that the Administrator determines to be Eligible Persons. An “Eligible Person” means any person who qualifies as one of the following at the time of grant of the respective Award:

  

	 	(a)	an officer (whether or not a director) or employee of the Company or any of its Affiliates; 

 

	 	(b)	any member of the Board; or 

  

	 	(c)	any director of one of the Company’s Affiliates, or any individual consultant or advisor who renders or has rendered bona fide services (other than services in
connection with the offering or sale of securities of the Company or one of its Affiliates, as applicable, in a capital raising transaction or as a market maker or promoter of that entity’s securities) to the Company or one of its Affiliates.

 An advisor or consultant may be selected as an Eligible Person pursuant to clause (c) above only if such
person’s participation in this Plan would not adversely affect (1) the Company’s eligibility to rely on an exemption from registration under the Securities Act for the offering of shares issuable under this Plan by the Company, such
as under Rule 701, or (2) the Company’s compliance with any other applicable laws. 
  

 - 3 - 

 An Eligible Person may, but need not, be granted one or more Awards pursuant to
Section 5 and/or one or more Awards pursuant to Section 6. An Eligible Person who has been granted an Award under this Plan may, if otherwise eligible, be granted additional Awards under this Plan if the Administrator so determines.
However, a person’s status as an Eligible Person is not a commitment that any Award will be granted to that person under this Plan. Furthermore, an Eligible Person who has been granted an Award under Section 5 is not necessarily entitled
to an Award under Section 6, or vice versa, unless otherwise expressly determined by the Administrator. 
 Each Award
granted under this Plan must be approved by the Administrator at or prior to the grant of the Award. 
  

	4.	SHARES SUBJECT TO THE PLAN. 

4.1 Shares Available. Subject to the provisions of Section 7.3.1, the shares that may be delivered under
this Plan will be the Company’s authorized but unissued Ordinary Shares. The Ordinary Shares issued and delivered may be issued and delivered for any lawful consideration.  

4.2 Share Limits. Subject to the provisions of Section 7.3.1 and further subject to the share counting rules of
Section 4.3, the maximum number of Ordinary Shares that may be delivered pursuant to Awards granted under this Plan will not exceed [7,469,136] shares (the “Share Limit”) in the aggregate. As required under U.S. Treasury
Regulation Section 1.422-2(b)(3)(i), in no event will the number of Ordinary Shares that may be delivered pursuant to Incentive Stock Options granted under this Plan exceed the Share Limit. 

4.3 Replenishment and Reissue of Unvested Awards. To the extent that an Award is settled in cash or a form other
than Ordinary Shares, the shares that would have been delivered had there been no such cash or other settlement shall not be counted against the shares available for issuance under this Plan. No Award may be granted under this Plan unless, on the
date of grant, the sum of (a) the maximum number of Ordinary Shares issuable at any time pursuant to such Award, plus (b) the number of Ordinary Shares that have previously been issued pursuant to Awards granted under this Plan, plus
(c) the maximum number of Ordinary Shares that may be issued at any time after such date of grant pursuant to Awards that are outstanding on such date, does not exceed the Share Limit. Notwithstanding the foregoing, Ordinary Shares that are
subject to or underlie Options granted under this Plan that expire or for any reason are canceled or terminated without having been exercised (or Ordinary Shares subject to or underlying the unexercised portion of such Options in the case of Options
that were partially exercised), as well as Ordinary Shares that are subject to Share Awards made under this Plan that are forfeited to the Company or otherwise repurchased by the Company prior to the vesting of such shares for a price not greater
than the original purchase or issue price of such shares (as adjusted pursuant to Section 7.3.1) will again, except to the extent prohibited by law or applicable listing or regulatory requirements (and subject to any applicable limitations of
the Code in the case of Awards intended to be Incentive Stock Options), be available for subsequent Award grants under this Plan. Shares that are exchanged by a Participant or withheld by the Company as full or partial payment in connection with any
Award under this Plan, as well as any shares exchanged by a Participant or withheld by the Company or one of its Affiliates to satisfy the tax withholding obligations related to any Award, shall be available for subsequent Awards under this Plan.

  

 - 4 - 

 4.4 Reservation of Shares. The Company shall at all times reserve a
number of Ordinary Shares sufficient to cover the Company’s obligations and contingent obligations to deliver shares with respect to Awards then outstanding under this Plan. 

 

	5.	OPTION GRANT PROGRAM. 

5.1 Option Grants in General. Each Option shall be evidenced by an Award Agreement in the form approved by the
Administrator. The Award Agreement evidencing an Option shall contain the terms established by the Administrator for that Option, as well as any other terms, provisions, or restrictions that the Administrator may impose on the Option or any Ordinary
Shares subject to the Option; in each case subject to the applicable provisions and limitations of this Section 5 and the other applicable provisions and limitations of this Plan. The Administrator may require that the recipient of an Option
promptly execute and return to the Company his or her Award Agreement evidencing the Option. In addition, the Administrator may require that the spouse of any married recipient of an Option also promptly execute and return to the Company the Award
Agreement evidencing the Option granted to the recipient or such other spousal consent form that the Administrator may require in connection with the grant of the Option. 

5.2 Types of Options. The Administrator will designate each Option granted under this Plan to a U.S. resident as
either an Incentive Stock Option or a Nonqualified Option, and such designation shall be set forth in the applicable Award Agreement. Any Option granted under this Plan to a U.S. resident that is not expressly designated in the applicable Award
Agreement as an Incentive Stock Option will be deemed to be designated a Nonqualified Option under this Plan and not an “incentive stock option” within the meaning of Section 422 of the Code. Incentive Stock Options shall be subject
to the provisions of Section 5.5 in addition to the provisions of this Plan applicable to Options generally. The Administrator may designate any Option granted under this Plan to a non-U.S. resident in accordance with the rules and regulations
applicable to options in the jurisdiction in which such person is a resident. The Administrator may, in its discretion, designate any Option as an Early Exercise Option pursuant to Section 5.8. 

5.3 Option Price.  

5.3.1 Pricing Limits. Subject to the following provisions of this Section 5.3.1, the Administrator will determine the
purchase price per share of the Ordinary Shares covered by each Option (the “exercise price” of the Option) at the time of the grant of the Option, which exercise price will be set forth in the applicable Award Agreement. In no case will
the exercise price of an Option be less than the greatest of: 
  

	 	(a)	the par value of the Ordinary Shares; 

  

	 	(b)	in the case of a Nonqualified Option, 100% of Fair Market Value of the Ordinary Share on the date of grant; 

 

	 	(c)	in the case of an Incentive Stock Option and subject to clause (d) below, or as otherwise required by applicable law, 100% of the Fair Market Value of the Ordinary
Shares on the date of grant; or 

  

 - 5 - 

	 	(d)	in the case of an Incentive Stock Option granted to a Participant described in Section 5.5.4, 110% of the Fair Market Value of the Ordinary Shares on the date of
grant. 

 5.3.2 Payment Provisions. The Company will not be obligated to deliver certificates for the
Ordinary Shares to be purchased upon the exercise of an Option unless and until it receives full payment of the exercise price therefor, all related withholding obligations under Section 7.6 have been satisfied, and all other conditions to the
exercise of the Option set forth herein or in the Award Agreement have been satisfied. The purchase price of any Ordinary Shares purchased upon the exercise of an Option must be paid in full at the time of each purchase in such lawful consideration
as may be permitted or required by the Administrator, which may include, without limitation, one or a combination of the following methods: 
  

	 	(a)	cash, check payable to the order of the Company, or electronic funds transfer; 

 

	 	(b)	notice and third party payment in such manner as may be authorized by the Administrator; 

 

	 	(c)	the delivery of previously owned Ordinary Shares; 

  

	 	(d)	by a reduction in the number of Ordinary Shares otherwise deliverable pursuant to the Award; 

 

	 	(e)	subject to such procedures as the Administrator may adopt, pursuant to a “cashless exercise”; or 

 

	 	(f)	if authorized by the Administrator or specified in the applicable Award Agreement, by a promissory note of the Participant consistent with the requirements of
Section 5.3.3. 

 In no event shall any shares newly-issued by the Company be issued for less
than the minimum lawful consideration for such shares or for consideration other than consideration permitted by applicable law. Ordinary Shares used to satisfy the exercise price of an Option (whether previously-owned shares or shares otherwise
deliverable pursuant to the terms of the Option) shall be valued at their Fair Market Value on the date of exercise. Unless otherwise expressly provided in the applicable Award Agreement, the Administrator may eliminate or limit a Participant’s
ability to pay the purchase or exercise price of any Award by any method other than cash payment to the Company. The Administrator may take all actions necessary to alter the method of Option exercise and the exchange and transmittal of proceeds
with respect to Participants resident in the PRC not having permanent residence in a country other than the PRC in order to comply with applicable PRC foreign exchange and tax regulations and any other applicable PRC laws and regulations.

  

 - 6 - 

 5.3.3 Acceptance of Notes to Finance Exercise. The Company may, with the
Administrator’s approval in each specific case, accept one or more promissory notes from any Eligible Person in connection with the exercise of any Option; provided that any such note shall be subject to the following terms and conditions:

  

	 	(a)	The principal of the note shall not exceed the amount required to be paid to the Company upon the exercise, purchase or acquisition of one or more Awards under this
Plan and the note shall be delivered directly to the Company in consideration of such exercise, purchase or acquisition. 

  

	 	(b)	The initial term of the note shall be determined by the Administrator; provided that the term of the note, including extensions, shall not exceed a period of five
years. 

  

	 	(c)	The note shall provide for full recourse to the Participant and shall bear interest at a rate determined by the Administrator, but not less than the interest rate
necessary to avoid the imputation of interest under the Code and to avoid any adverse accounting consequences in connection with the exercise, purchase or acquisition. 

 

	 	(d)	If the employment or services of the Participant by or to the Company and its Affiliates terminates, the unpaid principal balance of the note shall become due and
payable on the 30th business day after such termination; provided, however, that if a sale of the shares acquired on exercise of the Option would cause such Participant to incur liability under Section 16(b) of the Exchange Act, the unpaid
balance shall become due and payable on the 10th business day after the first day on which a sale of such shares could have been made without incurring such liability assuming for these purposes that there are no other transactions (or deemed
transactions) in securities of the Company by the Participant subsequent to such termination. 

  

	 	(e)	If required by the Administrator or by applicable law, the note shall be secured by a pledge of any shares or rights financed thereby or other collateral, in compliance
with applicable law. 

 The terms, repayment provisions, and collateral release provisions of the
note and the pledge securing the note shall conform with all applicable rules and regulations, including those of the Federal Reserve Board of the United States and any applicable law, as then in effect. 

5.4 Vesting; Term; Exercise Procedure.  

5.4.1 Vesting. Except as provided in Section 5.8, an Option may be exercised only to the extent that it is vested and
exercisable. The Administrator will determine the vesting and/or exercisability provisions of each Option (which may be based on performance criteria, passage of time or other factors or any combination thereof), which provisions will be set forth
in the applicable Award Agreement. Unless the Administrator otherwise expressly provides, once exercisable an Option will remain exercisable until the expiration or earlier termination of the Option. 

 

 - 7 - 

 5.4.2 Term. Each Option shall expire not more than 10 years after its date of
grant. Each Option will be subject to earlier termination as provided in or pursuant to Sections 5.6 and 7.3. 
 5.4.3
Exercise Procedure. Any exercisable Option will be deemed to be exercised when the Company receives written notice of such exercise from the Participant (on a form and in such manner as may be required by the Administrator), together with
any required payment made in accordance with Section 5.3 and Section 7.6 and any written statement required pursuant to Section 7.5.1. 

5.4.4 Fractional Shares/Minimum Issue. Fractional share interests will be disregarded, but may be accumulated. The
Administrator, however, may determine that cash, other securities, or other property will be paid or transferred in lieu of any fractional share interests. No fewer than 100 shares (subject to adjustment pursuant to Section 7.3.1) may be
purchased on exercise of any Option at one time unless the number purchased is the total number at the time available for purchase under the Option. 

5.5 Limitations on Grant and Terms of Incentive Stock Options. 

5.5.1 US$100,000 Limit. To the extent that the aggregate Fair Market Value of shares with respect to which incentive stock
options first become exercisable by a Participant in any calendar year exceeds US$100,000, taking into account both Ordinary Shares subject to Incentive Stock Options under this Plan and shares subject to incentive stock options under all other
plans of the Company or any of its Affiliates, such options will be treated as Nonqualified Options. For this purpose, the Fair Market Value of the shares subject to options will be determined as of the date the options were awarded. In reducing the
number of options treated as incentive stock options to meet the US$100,000 limit, the most recently granted options will be reduced (recharacterized as Nonqualified Options) first. To the extent a reduction of simultaneously granted options is
necessary to meet the US$100,000 limit, the Administrator may, in the manner and to the extent permitted by law, designate which Ordinary Shares are to be treated as shares acquired pursuant to the exercise of an incentive stock option. 

5.5.2 Other Code Limits. Incentive Stock Options may only be granted to individuals that are employees of the Company or one
of its Affiliates and satisfy the other eligibility requirements of the Code. Any Award Agreement relating to Incentive Stock Options will contain or shall be deemed to contain such other terms and conditions as from time to time are required in
order that the Option be an “incentive stock option” as that term is defined in Section 422 of the Code. 

5.5.3 ISO Notice of Sale Requirement. Any Participant who exercises an Incentive Stock Option shall give prompt written
notice to the Company of any sale or other transfer of the Ordinary Shares acquired on such exercise if the sale or other transfer occurs within (a) one year after the exercise date of the Option, or (b) two years after the grant date of
the Option. 
  

 - 8 - 

 5.5.4 Limits on 10% Holders. No Incentive Stock Option may be granted to any
person who, at the time the Incentive Stock Option is granted, owns (or is deemed to own under Section 424(d) of the Code) outstanding shares of the Company (or any of its Affiliates) possessing more than 10% of the total combined voting power
of all classes of shares of the Company (or any of its Affiliates), unless the exercise price of such Incentive Stock Option is at least 110% of the Fair Market Value of the shares subject to the Incentive Stock Option and such Incentive Stock
Option by its terms is not exercisable after the fifth anniversary of the date such Incentive Stock Option is granted. 
 5.6
Effects of Termination of Employment on Options.  
 5.6.1 Dismissal for Cause. Unless otherwise
provided in the applicable Award Agreement and subject to earlier termination pursuant to or as contemplated by Section 5.4.2 or 7.3, if a Participant’s employment by or service to the Company or any of its Affiliates is terminated by such
entity for Cause, the Participant’s Option will terminate on the Participant’s Severance Date, whether or not the Option is then vested and/or exercisable. 

5.6.2 Death or Disability. Unless otherwise provided in the Award Agreement (consistent with applicable securities laws) and
subject to earlier termination pursuant to or as contemplated by Section 5.4.2 or 7.3, if a Participant’s employment by or service to the Company or any of its Affiliates terminates as a result of the Participant’s death or Total
Disability: 
  

	 	(a)	the Participant (or his or her Personal Representative or Beneficiary, in the case of the Participant’s Total Disability or death, respectively), will have until
the date that is 12 months after the Participant’s Severance Date to exercise the Participant’s Option (or portion thereof) to the extent that it was vested and exercisable on the Severance Date; 

 

	 	(b)	the Option, to the extent not vested and exercisable on the Participant’s Severance Date, shall terminate on the Severance Date; and 

 

	 	(c)	the Option, to the extent exercisable for the 12-month period following the Participant’s Severance Date and not exercised during such period, shall terminate at
the close of business on the last day of the 12-month period. 

 5.6.3 Other Terminations of
Employment. Unless otherwise provided in the applicable Award Agreement (consistent with applicable securities laws) and subject to earlier termination pursuant to or as contemplated by Section 5.4.2 or 7.3, if a Participant’s
employment by or service to the Company or any of its Affiliates terminates for any reason other than a termination by such entity for Cause or because of the Participant’s death or Total Disability: 

 

	 	(a)	the Participant will have until the date that is 90 days after the Participant’s Severance Date to exercise his or her Option (or portion thereof) to the extent
that it was vested and exercisable on the Severance Date; 

  

 - 9 - 

	 	(b)	the Option, to the extent not vested and exercisable on the Participant’s Severance Date, shall terminate on the Severance Date; and 

 

	 	(c)	the Option, to the extent exercisable for the 90-day period following the Participant’s Severance Date and not exercised during such period, shall terminate at the
close of business on the last day of the 90-day period. 

 5.7 Option Repricing/Cancellation and
Regrant/Waiver of Restrictions. Subject to Section 4 and Section 7.7 and the specific limitations on Options contained in this Plan, the Administrator from time to time may authorize, generally or in specific cases only, for the
benefit of any Eligible Person, any adjustment in the exercise price, the vesting schedule, the number of shares subject to, or the term of, an Option granted under this Plan by cancellation of an outstanding Option and a subsequent regranting of
the Option, by amendment, by substitution of an outstanding Option, by waiver or by other legally valid means. Such amendment or other action may result in, among other changes, an exercise price that is higher or lower than the exercise price of
the original or prior Option, provide for a greater or lesser number of Ordinary Shares subject to the Option, or provide for a longer or shorter vesting or exercise period. 

5.8 Early Exercise Options. The Administrator may, in its discretion, designate any Option as an Early Exercise
Option which, by express provision in the applicable Award Agreement, may be exercised prior to the date such Option has vested. If the Participant elects to exercise all or a portion of an Early Exercise Option before it is vested, the Ordinary
Shares acquired under the Option which are attributable to the unvested portion of the Option shall be Restricted Shares. The applicable Award Agreement will specify the extent (if any) to which and the time (if ever) at which the Participant will
be entitled to dividends, voting and other rights in respect of such Restricted Shares prior to vesting, and the restrictions imposed on such shares and the conditions of release or lapse of such restrictions. Unless otherwise expressly provided in
the applicable Award Agreement, such Restricted Shares shall be subject to the provisions of Sections 6.6 through 6.9, below. 
  

	6.	SHARE AWARD PROGRAM. 

6.1 Share Awards in General. Each Share Award shall be evidenced by an Award Agreement in the form approved by the
Administrator. The Award Agreement evidencing a Share Award shall contain the terms established by the Administrator for that Share Award, as well as any other terms, provisions, or restrictions that the Administrator may impose on the Share Award;
in each case subject to the applicable provisions and limitations of this Section 6 and the other applicable provisions and limitations of this Plan. The Administrator may require that the recipient of a Share Award promptly execute and return
to the Company his or her Award Agreement evidencing the Share Award. In addition, the Administrator may require that the spouse of any married recipient of a Share Award also promptly execute and return to the Company the Award Agreement evidencing
the Share Award granted to the recipient or such other spousal consent form that the Administrator may require in connection with the grant of the Share Award. 
  

 - 10 - 

 6.2 Types of Share Awards. The Administrator shall designate whether a
Share Award shall be a Restricted Share Award, and such designation shall be set forth in the applicable Award Agreement. 

6.3 Purchase Price.  

6.3.1 Pricing Limits. Subject to the following provisions of this Section 6.3, the Administrator will determine the
purchase price per share of the Ordinary Shares covered by each Share Award at the time of grant of the Award. In no case will such purchase price be less than the par value of the Ordinary Shares. 

6.3.2 Payment Provisions. The Company will not be obligated to record in the Company’s register of members, or issue
certificates evidencing, Ordinary Shares awarded under this Section 6 unless and until it receives full payment of the purchase price therefor and all other conditions to the purchase, as determined by the Administrator, have been satisfied, at
which point the relevant shares shall be issued and noted in the Company’s register of members. The purchase price of any shares subject to a Share Award must be paid in full at the time of the purchase in such lawful consideration as may be
permitted or required by the Administrator, which may include, without limitation, one or a combination of the methods set forth in clauses (a) through (f) in Section 5.3.2 and/or past services rendered to the Company or any of its
Affiliates. 
 6.4 Vesting. The restrictions imposed on the Ordinary Shares subject to a Restricted Share
Award (which may be based on performance criteria, passage of time or other factors or any combination thereof) will be set forth in the applicable Award Agreement. 

6.5 Term. A Share Award shall either vest or be repurchased by the Company not more than 10 years after the date of
grant. Each Share Award will be subject to earlier repurchase as provided in or pursuant to Sections 6.8 and 7.3. Any payment of cash or delivery of shares in payment for a Share Award may be delayed until a future date if specifically authorized by
the Administrator in writing and by the Participant. 
 6.6 Share Certificates; Fractional Shares. Share
certificates evidencing Restricted Shares will bear a legend making appropriate reference to the restrictions imposed hereunder and will be held by the Company or by a third party designated by the Administrator until the restrictions on such shares
have lapsed, the shares have vested in accordance with the provisions of the Award Agreement and Section 6.4, and any related loan has been repaid. Fractional share interests will be disregarded, but may be accumulated. The Administrator,
however, may determine that cash, other securities, or other property will be paid or transferred in lieu of any fractional share interests. 

6.7 Dividend and Voting Rights. Unless otherwise provided in the applicable Award Agreement, a Participant holding
Restricted Shares will be entitled to cash dividend and voting rights for all Restricted Shares issued even though they are not vested, but such rights will terminate immediately as to any Restricted Shares which cease to be eligible for vesting or
are repurchased by the Company. 
  

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 6.8 Termination of Employment; Return to the Company. Unless the
Administrator otherwise expressly provides, Restricted Shares subject to an Award that remain subject to vesting conditions that have not been satisfied by the time specified in the applicable Award Agreement (which may include, without limitation,
the Participant’s Severance Date), will not vest and will be reacquired by the Company in such manner and on such terms as the Administrator provides, which terms shall include return or repayment of the lower of (a) the Fair Market Value
of the Restricted Shares at the time of the termination, or (b) if applicable, the original purchase price of the Restricted Shares, without interest, to the Participant to the extent not prohibited by law. The Award Agreement shall specify any
other terms or conditions of the repurchase if the Award fails to vest. Any other Share Award that has not been exercised as of a Participant’s Severance Date shall be forfeited or terminated on that date unless otherwise expressly provided by
the Administrator in the applicable Award Agreement. 
 6.9 Waiver of Restrictions. Subject to Sections 4
and 7.7 and the specific limitations on Share Awards contained in this Plan, the Administrator from time to time may authorize, generally or in specific cases only, for the benefit of any Eligible Person, any adjustment in the vesting schedule, or
the restrictions upon or the term of, a Share Award granted under this Plan by amendment, by substitution of an outstanding Share Award, by waiver or by other legally valid means. 

 

	7.	PROVISIONS APPLICABLE TO ALL AWARDS. 

7.1 Rights of Eligible Persons, Participants and Beneficiaries.  

7.1.1 Employment Status. No Person shall have any claim or rights to be granted an Award (or additional Awards, as the case
may be) under this Plan, subject to any express contractual rights (set forth in a document other than this Plan) to the contrary. 

7.1.2 No Employment/Service Contract. Nothing contained in this Plan (or in any other documents under this Plan or related
to any Award) shall confer upon any Eligible Person or Participant any right to continue in the employ or other service of the Company or any of its Affiliates, constitute any contract or agreement of employment or other service or affect an
employee’s status as an employee at will, nor shall it interfere in any way with the right of the Company or any Affiliate to change such person’s compensation or other benefits, or to terminate his or her employment or other service, with
or without cause at any time. Nothing in this Section 7.1.2, or in Section 7.3 or 7.15, however, is intended to adversely affect any express independent right of such person under a separate employment or service contract. 

 

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 7.1.3 Plan Not Funded. Awards payable under this Plan will be payable in
Ordinary Shares or from the general assets of the Company, and (except as to the share reservation provided in Section 4.4) no special or separate reserve, fund or deposit will be made to assure payment of such Awards. No Participant,
Beneficiary or other Person will have any right, title or interest in any fund or in any specific asset (including Ordinary Shares, except as expressly provided) of the Company or any of its Affiliates by reason of any Award hereunder. Neither the
provisions of this Plan (or of any related documents), nor the creation or adoption of this Plan, nor any action taken pursuant to the provisions of this Plan will create, or be construed to create, a trust of any kind or a fiduciary relationship
between the Company or any of its Affiliates and any Participant, Beneficiary or other Person. To the extent that a Participant, Beneficiary or other Person acquires a right to receive payment pursuant to any Award hereunder, such right will be no
greater than the right of any unsecured general creditor of the Company. 
 7.1.4 Charter Documents. The Memorandum
and Articles of Association of the Company, as may lawfully be amended from time to time, may provide for additional restrictions and limitations with respect to the Ordinary Shares (including additional restrictions and limitations on the voting or
transfer of Ordinary Shares) or priorities, rights and preferences as to securities and interests prior in rights to the Ordinary Shares. To the extent that these restrictions and limitations are greater than those set forth in this Plan or any
Award Agreement, such restrictions and limitations shall apply to any Ordinary Shares acquired pursuant to the grant of Awards and are incorporated herein by this reference. 

7.2 No Transferability; Limited Exception to Transfer Restrictions.  

7.2.1 Limit On Exercise and Transfer. Unless otherwise expressly provided in (or pursuant to) this Section 7.2, by
applicable law and by the Award Agreement, as the same may be amended: 
  

	 	(a)	all Awards are non-transferable and will not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge;

  

	 	(b)	Awards will be exercised only by the Participant; and 

  

	 	(c)	amounts payable or shares issuable pursuant to an Award will be delivered only to (or for the account of), and, in the case of Ordinary Shares, registered in the name
of, the Participant. 

 In addition, the shares shall be subject to the restrictions set forth in
the applicable Award Agreement. 
 7.2.2 Further Exceptions to Limits On Transfer. The exercise and transfer
restrictions in Section 7.2.1 will not apply to: 
  

	 	(a)	transfers to the Company; 

  

	 	(b)	transfers by gift to “immediate family” as that term is defined in SEC Rule 16a-1(e) promulgated under the Exchange Act; 

 

	 	(c)	the designation of a Beneficiary to receive benefits if the Participant dies or, if the Participant has died, transfers to or exercises by the Participant’s
Beneficiary, or, in the absence of a validly designated Beneficiary, transfers by will or the laws of descent and distribution; or 

  

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	 	(d)	if the Participant has suffered a disability, permitted transfers or exercises on behalf of the Participant by the Participant’s Personal Representative.

 Notwithstanding anything else in this Section 7.2.2 to the contrary, but subject to
compliance with all applicable laws, unless otherwise determined by the Administrator, Incentive Stock Options and Restricted Share Awards will be subject to any and all transfer restrictions under the Code applicable to such awards or necessary to
maintain the intended tax consequences of such Awards. Notwithstanding clause (b) above but subject to compliance with all applicable laws, any contemplated transfer by gift to “immediate family” as referenced in clause (b) above
is subject to the condition precedent that the transfer be approved by the Administrator in order for it to be effective. 

7.2.3 Company’s Call Right. The Company shall have the right (but not the obligation) to repurchase in one or more
transactions in connection with the Participant’s termination of employment by or services to the Company or any of its Affiliates, and the Participant (or any permitted transferee) shall be obligated to sell any of the Ordinary Shares acquired
in accordance with Sections 5 and 6 of this Plan at the Repurchase Price (the “Call Right”). The Company may designate and assign one or more employees, officers or shareholders of the Company or other Persons to exercise all or a
part of the Company’s Call Rights under this Section 7.2.3. 
 7.3 Adjustments; Changes in Control.
 
 7.3.1 Adjustments. Subject to Section 7.3.2 below, upon (or, as may be necessary to effect the
adjustment, immediately prior to) any reclassification, recapitalization, share split (including a share split in the form of a share dividend) or reverse share split; any merger, combination, consolidation, or other reorganization; any split-up,
spinoff, or similar extraordinary dividend distribution in respect of the Ordinary Shares; or any exchange of Ordinary Shares or other securities of the Company, or any similar, unusual or extraordinary corporate transaction in respect of the
Ordinary Shares; then the Administrator shall equitably and proportionately adjust (1) the number and type of shares of Ordinary Shares (or other securities) that thereafter may be made the subject of Awards (including the specific share
limits, maximums and numbers of shares set forth elsewhere in this Plan), (2) the number, amount and type of shares of Ordinary Shares (or other securities or property) subject to any outstanding Awards, (3) the grant, purchase, or
exercise price of any outstanding Awards, and/or (4) the securities, cash or other property deliverable upon exercise or vesting of any outstanding Awards, in each case to the extent necessary to preserve (but not increase) the level of
incentives intended by this Plan and the then-outstanding Awards. 
  

 - 14 - 

 Unless otherwise expressly provided in the applicable Award Agreement, upon (or, as may be
necessary to effect the adjustment, immediately prior to) any event or transaction described in the preceding paragraph or a sale of all or substantially all of the business or assets of the Company as an entirety, the Administrator shall equitably
and proportionately adjust the performance standards applicable to any then-outstanding performance-based Awards to the extent necessary to preserve (but not increase) the level of incentives by this Plan and the then-outstanding performance-based
Awards. 
 It is intended that, if possible, any adjustments contemplated by the preceding two paragraphs be made in a manner
that satisfies applicable legal, tax (including, without limitation and as applicable in the circumstances, Section 424 of the Code and Section 409A of the Code) and accounting (so as to not trigger any charge to earnings with respect to
such adjustment) requirements. 
 Without limiting the generality of Section 2.3, any good faith determination by the
Administrator as to whether an adjustment is required in the circumstances pursuant to this Section 7.3.1, and the extent and nature of any such adjustment, shall be conclusive and binding on all Persons. 

Unless otherwise expressly provided by the Administrator, in no event shall a conversion of one or more outstanding shares of the
Company’s preferred share (if any) or any new issuance of securities by the Company for consideration be deemed, in and of itself, to require an adjustment pursuant to this Section 7.3.1. 

7.3.2 Consequences of a Change in Control Event. Subject to Sections 7.3.4 and 7.3.5, if a Participant’s employment by
or service to the Company or any of its Affiliates is terminated or not otherwise assumed by the surviving entity without Cause upon (or, as may be necessary to effectuate the purposes of this acceleration, immediately prior to) the occurrence of a
Change in Control Event: 
  

	 	(a)	each Option will become immediately vested and exercisable; and 

  

	 	(b)	Restricted Shares will immediately vest free of forfeiture restrictions and/or restrictions giving the Company the right to repurchase the shares in accordance with
Section 7.2.3; 

 provided, however, that such acceleration provision shall not apply, unless
otherwise expressly provided by the Administrator, with respect to any Award to the extent that the Administrator has made a provision for the substitution, assumption, exchange or other continuation or settlement of the Award, or the Award would
otherwise continue in accordance with its terms, in the circumstances. 
 The foregoing Change in Control Event
provisions shall not in any way limit the authority of the Administrator to accelerate the vesting of one or more Awards (as to all or only a portion of any Award) in such circumstances (including, but not limited to, a Change in Control Event) as
the Administrator may determine to be appropriate, regardless of whether accelerated vesting of all or a portion of the Award(s) is otherwise required or contemplated by the foregoing in the circumstances. 

 

 - 15 - 

 7.3.3 Early Termination of Awards. Upon the occurrence of a Change in Control
Event, each then-outstanding Award (whether or not vested and/or exercisable, but after giving effect to any accelerated vesting required in the circumstances pursuant to Sections 7.3.2, 7.3.4 and 7.3.5) shall terminate, subject to any provision
that has been expressly made by the Administrator, through a plan of reorganization or otherwise, for the survival, substitution, assumption, exchange or other continuation or settlement of such Award and provided that, in the case of Options that
will not survive or be substituted for, assumed, exchanged, or otherwise continued or settled in the Change in Control Event, the holder of such Award shall be given reasonable advance notice of the impending termination and a reasonable opportunity
to exercise his or her outstanding and vested Options (the vested portion of such Options determined after giving effect to any accelerated vesting required in the circumstances pursuant to Sections 7.3.2, 7.3.4 and 7.3.5) in accordance with their
terms before the termination of the Awards (except that in no case shall more than ten days’ notice of accelerated vesting and the impending termination be required and any acceleration may be made contingent upon the actual occurrence of the
event). For purposes of this Section 7.3, an Award shall be deemed to have been “assumed” if (without limiting other circumstances in which an Award is assumed) the Award continues after the Change in Control Event, and/or is assumed
and continued by a Parent (as such term is defined in the definition of Change in Control Event) following a Change in Control Event, and confers the right to purchase or receive, as applicable and subject to vesting and the other terms and
conditions of the Award, for each Ordinary Share subject to the Award immediately prior to the Change in Control Event, the consideration (whether cash, shares, or other securities or property) received in the Change in Control Event by the
shareholders of the Company for each Ordinary Share sold or exchanged in such transaction (or the consideration received by a majority of the shareholders participating in such transaction if the shareholders were offered a choice of consideration);
provided, however, that if the consideration offered for an Ordinary Share in the transaction is not solely the ordinary or common shares of a successor company or a Parent, the Administrator may provide for the consideration to be received upon
exercise or payment of the Award, for each share subject to the Award, to be solely ordinary or common shares (as applicable) of the successor company or a Parent equal in Fair Market Value to the per share consideration received by the shareholders
participating in the Change in Control Event. 
 7.3.4 Other Acceleration Rules. The Administrator may override the
provisions of this Section 7.3 as to any Award by express provision in the applicable Award Agreement and may accord any Participant a right to refuse any acceleration, whether pursuant to the Award Agreement or otherwise, in such circumstances
as the Administrator may approve. The portion of any Incentive Stock Option accelerated in connection with a Change in Control Event (or such other circumstances as may trigger accelerated vesting of the Incentive Stock Option) shall remain
exercisable as an Incentive Stock Option only to the extent the applicable US$100,000 limitation on Incentive Stock Options is not exceeded. To the extent exceeded, the accelerated portion of the Option shall be exercisable as a Nonqualified Option.

  

 - 16 - 

 7.3.5 Golden Parachute Limitation. Notwithstanding anything else contained in
this Section 7.3 to the contrary, in no event shall any Award or payment be accelerated under this Section 7.3 to an extent or in a manner so that such Award or payment, together with any other compensation and benefits provided to, or for
the benefit of, the Participant under any other plan or agreement of the Company or one of its Affiliates, would not be fully deductible by the Company or one of its Affiliates for federal income tax purposes because of Section 280G of the
Code. If a holder of an Award would be entitled to benefits or payments hereunder and under any other plan or program that would constitute “parachute payments” as defined in Section 280G of the Code, then the holder may by written
notice to the Company designate the order in which such parachute payments will be reduced or modified so that the Company or one of its Affiliates is not denied federal income tax deductions for any “parachute payments” because of
Section 280G of the Code. Notwithstanding the foregoing, if a Participant is a party to an employment or other agreement with the Company or one of its Affiliates, or is a participant in a severance program sponsored by the Company or one of
its Affiliates that contains express provisions regarding Section 280G and/or Section 4999 of the Code (or any similar successor provision), or the applicable Award Agreement includes such provisions, the Section 280G and/or
Section 4999 provisions of such employment or other agreement or plan, as applicable, shall control as to the Awards held by that Participant (for example, and without limitation, a Participant may be a party to an employment agreement with the
Company or one of its Affiliates that provides for a “gross-up” as opposed to a “cut-back” in the event that the Section 280G thresholds are reached or exceeded in connection with a change in control and, in such event, the
Section 280G and/or Section 4999 provisions of such employment agreement shall control as to any Awards held by that Participant). 

7.4 Termination of Employment or Services. 

7.4.1 Events Not Deemed a Termination of Employment. Unless the Administrator otherwise expressly provides with respect to a
particular Award, if a Participant’s employment by or service to the Company or an Affiliate terminates but immediately thereafter the Participant continues in the employ of or service to another Affiliate or the Company, as applicable, the
Participant shall be deemed to have not had a termination of employment or service for purposes of this Plan and the Participant’s Awards. Unless the express policy of the Company or the Administrator otherwise provides, a Participant’s
employment relationship with the Company or any of its Affiliates shall not be considered terminated solely due to any sick leave, military leave, or any other leave of absence authorized by the Company or any Affiliate or the Administrator;
provided that, unless reemployment upon the expiration of such leave is guaranteed by contract or law, such leave is for a period of not more than 90 days. In the case of any Participant on an approved leave of absence, continued
vesting of the Award while on leave from the employ of or service with the Company or any of its Affiliates will be suspended until the Participant returns to service, unless the Administrator otherwise provides or applicable law otherwise requires.
In no event shall an Award be exercised after the expiration of the term of the Award set forth in the Award Agreement. 
  

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 7.4.2 Effect of Change of Affiliate Status. For purposes of this Plan and any
Award, if an entity ceases to be an Affiliate, a termination of employment or service will be deemed to have occurred with respect to each Eligible Person in respect of such Affiliate who does not continue as an Eligible Person in respect of another
Affiliate that continues as such after giving effect to the transaction or other event giving rise to the change in status. 

7.4.3 Administrator Discretion. Notwithstanding the provisions of Section 5.6 or 6.8, in the event of, or in
anticipation of, a termination of employment or service with the Company or any of its Affiliates for any reason, the Administrator may accelerate the vesting and exercisability of all or a portion of the Participant’s Award, and/or, subject to
the provisions of Sections 5.4.2 and 7.3, extend the vesting or exercisability period of the Participant’s Option upon such terms as the Administrator determines and expressly sets forth in or by amendment to the Award Agreement. 

7.4.4 Termination of Consulting or Affiliate Services. If the Participant is an Eligible Person solely by reason of clause
(c) of Section 3, the Administrator shall be the sole judge of whether the Participant continues to render services to the Company or any of its Affiliates, unless a written contract or the Award Agreement otherwise provides. If, in these
circumstances, the Company or any Affiliate notifies the Participant in writing that a termination of the Participant’s services to the Company or any Affiliate has occurred for purposes of this Plan, then (unless the contract or the Award
Agreement otherwise expressly provides), the Participant’s termination of services with the Company or Affiliate for purposes of this Plan shall be the date which is 10 days after the mailing of the notice by the Company or Affiliate or, in the
case of a termination for Cause, the date of the mailing of the notice. 
 7.5 Compliance with Laws.

 7.5.1 General. This Plan, the granting and vesting of Awards under this Plan, and the offer, issuance and
delivery of Ordinary Shares, the acceptance of promissory notes and/or the payment of money under this Plan or under Awards are subject to compliance with all applicable federal and state laws, applicable foreign laws, rules and regulations
(including but not limited to state and federal securities laws, and federal margin requirements) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable
in connection therewith. Any Person acquiring any securities under this Plan will, if requested by the Company, provide such assurances and representations to the Company as the Administrator may deem necessary or desirable to assure compliance with
all applicable legal and accounting requirements. 
  

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 7.5.2 Compliance with Securities Laws. No Participant shall sell, pledge or
otherwise transfer Ordinary Shares acquired pursuant to an Award or any interest in such shares except in accordance with the express terms of this Plan and the applicable Award Agreement. Any attempted transfer in violation of this Section 7.5
shall be void and of no effect. Without in any way limiting the provisions set forth above, no Participant shall make any disposition of all or any portion of Ordinary Shares acquired or to be acquired pursuant to an Award, except in compliance with
all applicable federal and state securities laws and unless and until: 
  

	 	(a)	there is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition is made in accordance with such
registration statement; 

  

	 	(b)	such disposition is made in accordance with Rule 144 under the Securities Act; or 

 

	 	(c)	such Participant notifies the Company of the proposed disposition and furnishes the Company with a statement of the circumstances surrounding the proposed disposition,
and, if requested by the Company, furnishes to the Company an opinion of counsel acceptable to the Company’s counsel, that such disposition will not require registration under the Securities Act and will be in compliance with all applicable
state securities laws. 

 Notwithstanding anything else herein to the contrary, neither the Company
or any Affiliate has any obligation to register the Ordinary Shares or file any registration statement under either federal or state securities laws, nor does the Company or any Affiliate make any representation concerning the likelihood of a public
offering of the Ordinary Shares or any other securities of the Company or any Affiliate. 
 7.5.3 Share Legends.
All certificates evidencing Ordinary Shares issued or delivered under this Plan shall bear the following legends and/or any other appropriate or required legends under applicable laws: 

“OWNERSHIP OF THIS CERTIFICATE, THE SHARES EVIDENCED BY THIS CERTIFICATE AND ANY INTEREST THEREIN ARE SUBJECT TO SUBSTANTIAL
RESTRICTIONS ON TRANSFER UNDER APPLICABLE LAW AND UNDER AGREEMENTS WITH THE COMPANY, INCLUDING RESTRICTIONS ON SALE, ASSIGNMENT, TRANSFER, PLEDGE OR OTHER DISPOSITION.” 

“THE SHARES ARE SUBJECT TO THE COMPANY’S RIGHT OF FIRST REFUSAL AND CALL RIGHTS TO REPURCHASE THE SHARES UNDER THE
COMPANY’S SHARE INCENTIVE PLAN AND AGREEMENTS WITH THE COMPANY THEREUNDER.” 
  

 - 19 - 

 “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE
U.S. SECURITIES ACT OF 1933, AS AMENDED (“ACT”), NOR HAVE THEY BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY STATE. NO TRANSFER OF SUCH SECURITIES WILL BE PERMITTED UNLESS A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT
AS TO SUCH TRANSFER, THE TRANSFER IS MADE IN ACCORDANCE WITH RULE 144 UNDER THE ACT, OR IN THE OPINION OF COUNSEL TO THE COMPANY, REGISTRATION UNDER THE ACT IS UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE ACT AND WITH APPLICABLE STATE
SECURITIES OR FOREIGN COUNTRY LAWS.” 
 7.5.4 Confidential Information. Any financial or other information
relating to the Company obtained by Participants in connection with or as a result of this Plan or their Awards shall be treated as confidential. 

7.6 Tax Withholding. 

7.6.1 Tax Withholding. Upon any exercise, vesting, or payment of any Award or upon the disposition of Ordinary Shares
acquired pursuant to the exercise of an Incentive Stock Option prior to satisfaction of the holding period requirements of Section 422 of the Code, the Company or any of its Affiliates shall have the right at its option to: 

 

	 	(a)	require the Participant (or the Participant’s Personal Representative or Beneficiary, as the case may be) to pay or provide for payment of at least the minimum
amount of any taxes which the Company or Affiliate may be required to withhold with respect to such Award event or payment; 

  

	 	(b)	deduct from any amount otherwise payable (in respect of an Award or otherwise) in cash to the Participant (or the Participant’s Personal Representative or
Beneficiary, as the case may be) the minimum amount of any taxes which the Company or Affiliate may be required to withhold with respect to such Award event or payment; or 

 

	 	(c)	reduce the number of Ordinary Shares to be delivered by (or otherwise reacquire shares held by the Participant) the appropriate number of Ordinary Shares, valued at
their then Fair Market Value, to satisfy the minimum withholding obligation. 

  

 - 20 - 

 In any case where a tax is required to be withheld (including taxes in the
PRC where applicable) in connection with the delivery of Ordinary Shares under this Plan (including the sale of Ordinary Shares as may be required to comply with foreign exchange rules in the PRC for Participants resident in the PRC), the
Administrator may in its sole discretion (subject to Section 7.5) grant (either at the time of the Award or thereafter) to the Participant the right to elect, pursuant to such rules and subject to such conditions as the Administrator may
establish, to have the Company reduce the number of shares to be delivered by (or otherwise reacquire) the appropriate number of shares, valued in a consistent manner at their Fair Market Value or at the sales price in accordance with authorized
procedures for cashless exercises, necessary to satisfy the minimum applicable withholding obligation on exercise, vesting or payment. In no event shall the shares withheld exceed the minimum whole number of shares required for tax withholding under
applicable law. The Company may, with the Administrator’s approval, accept one or more promissory notes from any Eligible Person in connection with taxes required to be withheld upon the exercise, vesting or payment of any award under this
Plan; provided that any such note shall be subject to terms and conditions established by the Administrator and the requirements of applicable law. 

7.6.2 Tax Loans. If so provided in the Award Agreement or otherwise authorized by the Administrator, the Company may, to the
extent permitted by law, authorize a loan to an Eligible Person in the amount of any taxes that the Company or any of its Affiliates may be required to withhold with respect to Ordinary Shares received (or disposed of, as the case may be) pursuant
to a transaction described in Section 7.6.1. Such a loan will be for a term and at a rate of interest and pursuant to such other terms and conditions as the Company may establish, subject to compliance with applicable law. Such a loan need not
otherwise comply with the provisions of Section 5.3.3. 
 7.7 Plan and Award Amendments, Termination and
Suspension.  
 7.7.1 Board Authorization. The Board may, at any time, terminate or, from time to time,
amend, modify or suspend this Plan, in whole or in part. No Awards may be granted during any period that the Board suspends this Plan. 

7.7.2 Shareholder Approval. To the extent then required by applicable law or any applicable listing agency or required,
including without limitation, under Sections 162, 409A, 422 or 424 of the Code to preserve the intended tax consequences of this Plan, or deemed necessary or advisable by the Board, any amendment to this Plan shall be subject to shareholder
approval. 
 7.7.3 Amendments to Awards. Without limiting any other express authority of the Administrator under
(but subject to) the express limits of this Plan, the Administrator by agreement or resolution may waive conditions of or limitations on Awards to Participants that the Administrator in the prior exercise of its discretion has imposed, without the
consent of a Participant, and (subject to the requirements of Sections 2.2 and 7.7.4) may make other changes to the terms and conditions of Awards. 

7.7.4 Limitations on Amendments to Plan and Awards. No amendment, suspension or termination of this Plan or change of or
affecting any outstanding Award shall, without written consent of the Participant, affect in any manner materially adverse to the Participant any rights or benefits of the Participant or obligations of the Company under any Award granted under this
Plan prior to the effective date of such change. Changes, settlements and other actions contemplated by Section 7.3 shall not be deemed to constitute changes or amendments for purposes of this Section 7.7. 

 

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 7.8 Privileges of Share Ownership. Except as otherwise expressly
authorized by the Administrator, a Participant will not be entitled to any privilege of share ownership as to any Ordinary Shares not actually delivered to and held of record by the Participant. Except as expressly required by Section 7.3.1, no
adjustment will be made for dividends or other rights as a shareholder for which a record date is prior to such date of delivery. 

7.9 Share-Based Awards in Substitution for Awards Granted by Other Company. Awards may be granted to Eligible
Persons in substitution for or in connection with an assumption of employee share options, share appreciation rights, restricted shares or other share-based awards granted by other entities to persons who are or who will become Eligible Persons in
respect of the Company or one of its Affiliates, in connection with a distribution, merger, amalgamation or other reorganization by or with the granting entity or an affiliated entity, or the acquisition by the Company or one of its Affiliates,
directly or indirectly, of all or a substantial part of the shares or assets of the employing entity. The Awards so granted need not comply with other specific terms of this Plan, provided the Awards reflect only adjustments giving effect to the
assumption or substitution consistent with the conversion applicable to the Ordinary Shares in the transaction and any change in the issuer of the security. Any shares that are delivered and any Awards that are granted by, or become obligations of,
the Company, as a result of the assumption by the Company of, or in substitution for, outstanding awards previously granted by an acquired company (or previously granted by a predecessor employer (or direct or indirect parent thereof) in the case of
persons that become employed by the Company or one of its Affiliates in connection with a business or asset acquisition or similar transaction) shall not be counted against the Share Limit or other limits on the number of shares available for
issuance under this Plan. 
 7.10 Effective Date of the Plan. This Plan is effective upon the
Effective Date, subject to approval by the shareholders of the Company within twelve months after the date the Board approves this Plan.  

7.11 Term of the Plan. Unless earlier terminated by the Board, this Plan will terminate
at the close of business on the day before the 10th
anniversary of the Effective Date. After the termination of this Plan either upon such stated expiration date or its earlier termination by the Board, no additional Awards may be granted under this Plan, but previously granted Awards (and the
authority of the Administrator with respect thereto, including the authority to amend such Awards) shall remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of this Plan.  

7.12 Governing Law/Severability.  

7.12.1 Choice of Law. This Plan, the Awards, all documents evidencing Awards and all other related documents will be
governed by, and construed in accordance with, the laws of the British Virgin Islands. 
 7.12.2 Severability. If
it is determined that any provision of this Plan or an Award Agreement is invalid and unenforceable, the remaining provisions of this Plan and/or the Award Agreement, as applicable, will continue in effect provided that the essential economic terms
of this Plan and the Award can still be enforced. 
  

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 7.13 Captions. Captions and headings are given to the sections
and subsections of this Plan solely as a convenience to facilitate reference. Such headings will not be deemed in any way material or relevant to the construction or interpretation of this Plan or any provision thereof.  

7.14 Non-Exclusivity of Plan. Nothing in this Plan will limit or be deemed to limit the authority of the Board or
the Administrator to grant awards or authorize any other compensation, with or without reference to the Ordinary Shares, under any other plan or authority. 

7.15 No Restriction on Corporate Powers. The existence of this Plan, the Award Agreements, and the Awards granted
hereunder, shall not limit, affect or restrict in any way the right or power of the Board or the shareholders of the Company to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the Company’s or any
Affiliate’s capital structure or its business; (b) any merger, amalgamation, consolidation or change in the ownership of the Company or any Affiliate; (c) any issue of bonds, debentures, capital, preferred or prior preference shares
ahead of or affecting the Company’s authorized shares or the rights thereof; (d) any dissolution or liquidation of the Company or any Affiliate; (e) any sale or transfer of all or any part of the Company or any Affiliate’s assets
or business; or (f) any other corporate act or proceeding by the Company or any Affiliate. No Participant, Beneficiary or any other person shall have any claim under any Award or Award Agreement against any member of the Board or the
Administrator, or the Company or any employees, officers or agents of the Company or any Affiliate, as a result of any such action. 

7.16 Other Company Compensation or Benefit Programs. Payments and other benefits received by a Participant under an
Award made pursuant to this Plan shall not be deemed a part of a Participant’s compensation for purposes of the determination of benefits under any other employee welfare or benefit plans or arrangements, if any, provided by the Company or any
Affiliate, except where the Administrator or the Board expressly otherwise provides or authorizes in writing. Awards under this Plan may be made in addition to, in combination with, as alternatives to or in payment of grants, awards or commitments
under any other plans or arrangements of the Company or any Affiliate. 
  

	8.	DEFINITIONS. 

“Administrator” has the meaning given to such term in Section 2.1. 

“Affiliate” means, with respect to a Person, (i) any other Person that is directly or indirectly Controlled by such
Person, and (ii) any shareholder, member, partner of or entity in joint venture with such Person. 

“Award” means an award of any Option or Share Award, or any combination thereof, whether alternative or cumulative,
authorized by and granted under this Plan. 
 “Award Agreement” means any writing, approved by the
Administrator, setting forth the terms of an Award that has been duly authorized and approved. An Award Agreement shall be deemed an Ordinary Shares purchase agreement under the Company’s Memorandum and Articles of Association. 

 

 - 23 - 

 “Award Date” means the date upon which the Administrator took the action
granting an Award or such later date as the Administrator designates as the Award Date at the time of the grant of the Award. 

“Beneficiary” means the person, persons, trust or trusts designated by a Participant, or, in the absence of a
designation, entitled by will or the laws of descent and distribution, to receive the benefits specified in the Award Agreement and under this Plan if the Participant dies, and means the Participant’s executor or administrator if no other
Beneficiary is designated and able to act under the circumstances. 
 “Board” means the Board of Directors of
the Company. 
 “Cause” with respect to a Participant means (unless otherwise expressly provided in the
applicable Award Agreement, or another applicable contract with the Participant that defines such term for purposes of determining the effect that a “for cause” termination has on the Participant’s options and/or share awards) a
termination of employment or service based upon a finding by the Company or any of its Affiliates, acting in good faith and based on its reasonable belief at the time, that the Participant: 

 

	 	(a)	has been negligent in the discharge of his or her duties to the Company or any Affiliate, has refused to perform stated or assigned duties or is incompetent in or
(other than by reason of a disability or analogous condition) incapable of performing those duties; 

  

	 	(b)	has been dishonest or committed or engaged in an act of theft, embezzlement or fraud, a breach of confidentiality, an unauthorized disclosure or use of inside
information, customer lists, trade secrets or other confidential information; 

  

	 	(c)	has breached a fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy of the Company or any of its Affiliates; or has been
convicted of, or plead guilty or nolo contendere to, a felony or misdemeanor (other than minor traffic violations or similar offenses); 

  

	 	(d)	has materially breached any of the provisions of any agreement with the Company or any of its Affiliates; 

 

	 	(e)	has engaged in unfair competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets of, the Company or any of its
Affiliates; or 

  

	 	(f)	has improperly induced a vendor or customer to break or terminate any contract with the Company or any of its Affiliates or induced a principal for whom the Company or
any Affiliate acts as agent to terminate such agency relationship. 

 A termination for Cause shall be deemed to
occur (subject to reinstatement upon a contrary final determination by the Administrator) on the date on which the Company or any Affiliate first delivers written notice to the Participant of a finding of termination for Cause or the Administrator
provides such notice. 
  

 - 24 - 

 “Change in Control Event” means any of the following: 

 

	 	(a)	Approval by shareholders of the Company (or, if no shareholder approval is required, by the Board alone) of the complete dissolution or liquidation of the Company,
other than in the context of a Business Combination that does not constitute a Change in Control Event under paragraph (c) below; 

  

	 	(b)	The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act (for purposes of this paragraph (b), a
“Person”)) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (1) the then-outstanding Ordinary Shares of the Company (the “Outstanding Company
Ordinary Shares”) or (2) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”);
provided, however, that, for purposes of this paragraph (b), the following acquisitions shall not constitute a Change in Control Event; (A) any acquisition directly from the Company, (B) any acquisition by the Company, (C) any
acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Affiliate or a successor, (D) any acquisition by any entity pursuant to a Business Combination, (E) any acquisition by a Person
described in and satisfying the conditions of Rule 13d-1(b) promulgated under the Exchange Act, or (F) any acquisition by a Person who is the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more
of the Outstanding Company Ordinary Shares and/or the Outstanding Company Voting Securities on the Effective Date (or an affiliate, heir, descendant, or related party of or to such Person); 

 

	 	(c)	Consummation of a reorganization, amalgamation, merger, statutory share exchange or consolidation or similar corporate transaction involving the Company or any other
entity a majority of whose outstanding voting shares or voting power is beneficially owned directly or indirectly by the Company (a “Subsidiary”), a sale or other disposition of all or substantially all of the assets of the Company,
or the acquisition of assets or shares of another entity by the Company or any of its Subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (1) all or substantially all of the
individuals and entities that were the beneficial owners of the Outstanding Company Ordinary Shares and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50%
of the then-outstanding ordinary or common shares and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the entity resulting from such Business
Combination (including, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets directly or through one or more subsidiaries (a “Parent”)), and
(2) no Person (excluding any individual or entity described in clauses (C), (E) or (F) of paragraph (b) above) beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, more
than 50% of, respectively, the then-outstanding ordinary or common shares of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such entity, except to the extent that the
ownership in excess of 50% existed prior to the Business Combination. 

  

 - 25 - 

 “Code” means the Internal Revenue Code of 1986 of the United States, as
amended from time to time. 
 “Company” means Sunnykey International Holdings Limited, a limited liability
company organized and existing under the British Virgin Islands Business Companies Act, 2004, and its successors. 

“Control” means the power or authority, whether exercised or not, to direct the business, management and policies of a
Person, directly or indirectly, or by effective control whether through the ownership of voting securities, by contract or otherwise, which power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power
to direct the vote of more than 50% of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control the composition of the board of directors of such Person; the terms “Controlled” and
“Controlling” have the meaning correlative to the foregoing. 
 “Early Exercise Option” shall mean an
Option eligible for exercise prior to vesting in accordance with the provisions of Section 5.8 of this Plan. An Early Exercise Option may be a Nonqualified Option or an Incentive Stock Option, as designated by the Administrator in the
applicable Award Agreement. 
 “Effective Date” means the date the Board approved this Plan. 

“Eligible Person” has the meaning given to such term in Section 3 of this Plan. 

“Exchange Act” means the Securities Exchange Act of 1934 of the United States, as amended from time to time. 

“Fair Market Value,” for purposes of this Plan and unless otherwise determined or provided by the Administrator in the
circumstances, means as follows: 
  

	 	(a)	If the Ordinary Shares are listed or admitted to trade on the New York Stock Exchange or other national securities exchange (the “Exchange”), the Fair
Market Value shall equal the closing price of a Ordinary Share as reported on the composite tape for securities on the Exchange for the date in question, or, if no sales of Ordinary Shares were made on the Exchange on that date, the closing price of
a Ordinary Share as reported on said composite tape for the next preceding day on which sales of Ordinary Shares were made on the Exchange. The Administrator may, however, provide with respect to one or more Awards that the Fair Market Value shall
equal the last closing price of a Ordinary Share as reported on the composite tape for securities listed on the Exchange available on the date in question or the average of the high and low trading prices of a Ordinary Share as reported on the
composite tape for securities listed on the Exchange for the date in question or the most recent trading day. 

  

 - 26 - 

	 	(b)	If the Ordinary Shares are not listed or admitted to trade on a national securities exchange, the Fair Market Value shall be the value as reasonably determined by the
Administrator for purposes of the Award in the circumstances. 

 The Administrator also may adopt a different
methodology for determining Fair Market Value with respect to one or more Awards if a different methodology is necessary or advisable to secure any intended favorable tax, legal or other treatment for the particular Award(s) (for example, and
without limitation, the Administrator may provide that Fair Market Value for purposes of one or more Awards will be based on an average of closing prices (or the average of high and low daily trading prices) for a specified period preceding the
relevant date). 
 Any determination as to Fair Market Value made pursuant to this Plan shall be made without regard to any
restriction other than a restriction which, by its terms, will never lapse, and shall be conclusive and binding on all persons with respect to Awards granted under this Plan. 

“Incentive Stock Option” means an Option that is designated and intended as an “incentive stock option” within
the meaning of Section 422 of the Code, the award of which contains such provisions (including but not limited to the receipt of shareholder approval of this Plan, if the award is made prior to such approval) and is made under such
circumstances and to such persons as may be necessary to comply with that section. 
 “Nonqualified Option”
means an Option that is not an “incentive stock option” within the meaning of Section 422 of the Code and includes any Option designated or intended as a Nonqualified Option and any Option designated or intended as an Incentive Stock
Option that fails to meet the applicable legal requirements thereof. 
 “Option” means an option to purchase
Ordinary Shares granted under Section 5 of this Plan. The Administrator will designate any Option granted to an employee of the Company or an Affiliate as a Nonqualified Option or an Incentive Stock Option and may also designate any Option as
an Early Exercise Option. 
 “Ordinary Shares” means the Company’s ordinary shares, par value US$0.0001
per share, and such other securities or property as may become the subject of Awards, or become subject to Awards, pursuant to an adjustment made under Section 7.3.1 of this Plan. 

“Participant” means an Eligible Person who has been granted and holds an Award under this Plan. 

“Person” means any individual, sole proprietorship, partnership, limited partnership, limited liability company, firm,
joint venture, estate, trust, unincorporated organization, association, corporation, institution, public benefit corporation, entity or governmental or regulatory authority or other enterprise or entity of any kind or nature. 

“Personal Representative” means the person or persons who, upon the disability or incompetence of a Participant, has
acquired on behalf of the Participant, by legal proceeding or otherwise, the power to exercise the rights or receive benefits under this Plan by virtue of having become the legal representative of the Participant. 

 

 - 27 - 

 “Plan” means this Sunnykey International Holdings Limited Share Incentive
Plan, as it may hereafter be amended from time to time. 
 “Public Offering Date” means the date the Ordinary
Shares are first registered under the Exchange Act and listed or quoted on a recognized national securities exchange. 

“Repurchase Price” means, (i) in the event of the repurchase of Restricted Shares, the lesser of
(a) the price paid by the Participant to acquire such Restricted Shares or (b) the Fair Market Value of such Restricted Shares determined as of the exercise date of the Call Right, or (ii) in the event of the repurchase of shares
other than Restricted Shares, the Fair Market Value of such shares determined as of the exercise date of the Call Right. 

“Restricted Shares” means Ordinary Shares awarded to a Participant under this Plan, subject to payment of such
consideration and such conditions on vesting (which may include, among others, the passage of time, specified performance objectives or other factors) and such transfer and other restrictions as are established in or pursuant to this Plan and the
related Award Agreement, to the extent such remain unvested and restricted under the terms of the applicable Award Agreement. 

“Restricted Share Award” means an award of Restricted Shares. 

“Securities Act” means the Securities Act of 1933 of the United States, as amended from time to time. 

“Severance Date” with respect to a particular Participant means, unless otherwise provided in the applicable Award
Agreement: 
  

	 	(a)	if the Participant is an Eligible Person under clause (a) of Section 3 and the Participant’s employment by the Company or any of its Affiliates
terminates (regardless of the reason), the last day that the Participant is actually employed by the Company or such Affiliate (unless, immediately following such termination of employment, the Participant is a member of the Board or, by express
written agreement with the Company or any of its Affiliates, continues to provide other services to the Company or any Affiliate as an Eligible Person under clause (c) of Section 3, in which case the Participant’s Severance Date shall
not be the date of such termination of employment but shall be determined in accordance with clause (b) or (c) below, as applicable, in connection with the termination of the Participant’s other services); 

 

	 	(b)	if the Participant is not an Eligible Person under clause (a) of Section 3 but is an Eligible Person under clause (b) thereof, and the Participant ceases
to be a member of the Board (regardless of the reason), the last day that the Participant is actually a member of the Board (unless, immediately following such termination, the Participant is an employee of the Company or any of its Affiliates or,
by express written agreement with the Company or any of its Affiliates, continues to provide other services to the Company or any Affiliate as an Eligible Person under clause (c) of Section 3, in which case the Participant’s Severance
Date shall not be the date of such termination but shall be determined in accordance with clause (a) above or (c) below, as applicable, in connection with the termination of the Participant’s employment or other services);

  

 - 28 - 

	 	(c)	if the Participant is not an Eligible Person under clause (a) or clause (b) of Section 3 but is an Eligible Person under clause (c) thereof, and the
Participant ceases to provide services to the Company or any of its Affiliates as determined in accordance with Section 7.4.4 (regardless of the reason), the last day that the Participant actually provides services to the Company or such
Affiliate as an Eligible Person under clause (c) of Section 3 (unless, immediately following such termination, the Participant is an employee of the Company or any of its Affiliates or is a member of the Board, in which case the
Participant’s Severance Date shall not be the date of such termination of services but shall be determined in accordance with clause (a) or (b) above, as applicable, in connection with the termination of the Participant’s
employment or membership on the Board). 

 “Share Award” means an award of Ordinary Shares under
Section 6 of this Plan. A Share Award may be a Restricted Share Award or an award of unrestricted Ordinary Shares. 

“Total Disability” means a “total and permanent disability” within the meaning of Section 22(e)(3) of the
Code and, with respect to Awards other than Incentive Stock Options, such other disabilities, infirmities, afflictions, or conditions as the Administrator may include. 
  

 - 29 - 

 SUNNYKEY INTERNATIONAL HOLDINGS LIMITED 

SHARE INCENTIVE PLAN 

 TABLE OF CONTENTS 

 

									
	 	  	 	  	Page
			
	1.	  	PURPOSE OF THE PLAN	  	- 1 -
			
	2.	  	ADMINISTRATION	  	- 1 -
				
		  	2.1	  	Administrator	  	- 1 -
				
		  	2.2	  	Plan Awards; Interpretation; Powers of Administrator	  	- 1 -
				
		  	2.3	  	Binding Determinations	  	- 3 -
				
		  	2.4	  	Reliance on Experts	  	- 3 -
				
		  	2.5	  	Delegation	  	- 3 -
			
	3.	  	ELIGIBILITY	  	- 3 -
			
	4.	  	SHARES SUBJECT TO THE PLAN	  	- 4 -
				
		  	4.1	  	Shares Available	  	- 4 -
				
		  	4.2	  	Share Limits	  	- 4 -
				
		  	4.3	  	Replenishment and Reissue of Unvested Awards	  	- 4 -
				
		  	4.4	  	Reservation of Shares	  	- 5 -
			
	5.	  	OPTION GRANT PROGRAM	  	- 5 -
				
		  	5.1	  	Option Grants in General	  	- 5 -
				
		  	5.2	  	Types of Options	  	- 5 -
				
		  	5.3	  	Option Price	  	- 5 -
					
		  		  	5.3.1	  	Pricing Limits	  	- 5 -
					
		  		  	5.3.2	  	Payment Provisions	  	- 6 -
					
		  		  	5.3.3	  	Acceptance of Notes to Finance Exercise	  	- 7 -
				
		  	5.4	  	Vesting; Term; Exercise Procedure	  	- 7 -
					
		  		  	5.4.1	  	Vesting	  	- 7 -
					
		  		  	5.4.2	  	Term	  	- 8 -
					
		  		  	5.4.3	  	Exercise Procedure	  	- 8 -
					
		  		  	5.4.4	  	Fractional Shares/Minimum Issue	  	- 8 -
				
		  	5.5	  	Limitations on Grant and Terms of Incentive Stock Options	  	- 8 -
					
		  		  	5.5.1	  	US$100,000 Limit	  	- 8 -
					
		  		  	5.5.2	  	Other Code Limits	  	- 8 -
					
		  		  	5.5.3	  	ISO Notice of Sale Requirement	  	- 8 -
					
		  		  	5.5.4	  	Limits on 10% Holders	  	- 9 -

  

 -i- 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	  	 	  	Page
				
		  	5.6	  	Effects of Termination of Employment on Options	  	- 9 -
					
		  		  	5.6.1	  	Dismissal for Cause	  	- 9 -
					
		  		  	5.6.2	  	Death or Disability	  	- 9 -
					
		  		  	5.6.3	  	Other Terminations of Employment	  	- 9 -
				
		  	5.7	  	Option Repricing/Cancellation and Regrant/Waiver of Restrictions	  	- 10 -
				
		  	5.8	  	Early Exercise Options	  	- 10 -
			
	6.	  	SHARE AWARD PROGRAM	  	- 10 -
				
		  	6.1	  	Share Awards in General	  	- 10 -
				
		  	6.2	  	Types of Share Awards	  	- 11 -
				
		  	6.3	  	Purchase Price	  	- 11 -
					
		  		  	6.3.1	  	Pricing Limits	  	- 11 -
					
		  		  	6.3.2	  	Payment Provisions	  	- 11 -
				
		  	6.4	  	Vesting	  	- 11 -
				
		  	6.5	  	Term	  	- 11 -
				
		  	6.6	  	Share Certificates; Fractional Shares	  	- 11 -
				
		  	6.7	  	Dividend and Voting Rights	  	- 11 -
				
		  	6.8	  	Termination of Employment; Return to the Company	  	- 12 -
				
		  	6.9	  	Waiver of Restrictions	  	- 12 -
			
	7.	  	PROVISIONS APPLICABLE TO ALL AWARDS	  	- 12 -
				
		  	7.1	  	Rights of Eligible Persons, Participants and Beneficiaries	  	- 12 -
					
		  		  	7.1.1	  	Employment Status	  	- 12 -
					
		  		  	7.1.2	  	No Employment/Service Contract	  	- 12 -
					
		  		  	7.1.3	  	Plan Not Funded	  	- 13 -
					
		  		  	7.1.4	  	Charter Documents	  	- 13 -
				
		  	7.2	  	No Transferability; Limited Exception to Transfer Restrictions	  	- 13 -
					
		  		  	7.2.1	  	Limit On Exercise and Transfer	  	- 13 -
					
		  		  	7.2.2	  	Further Exceptions to Limits On Transfer	  	- 13 -
					
		  		  	7.2.3	  	Company’s Call Right	  	- 14 -
				
		  	7.3	  	Adjustments; Changes in Control	  	- 14 -
					
		  		  	7.3.1	  	Adjustments	  	- 14 -
					
		  		  	7.3.2	  	Consequences of a Change in Control Event	  	- 15 -
					
		  		  	7.3.3	  	Early Termination of Awards	  	- 16 -
					
		  		  	7.3.4	  	Other Acceleration Rules	  	- 16 -
					
		  		  	7.3.5	  	Golden Parachute Limitation	  	- 17 -

  

 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	  	 	  	Page
				
		  	7.4	  	Termination of Employment or Services	  	- 17 -
					
		  		  	7.4.1	  	Events Not Deemed a Termination of Employment	  	- 17 -
					
		  		  	7.4.2	  	Effect of Change of Affiliate Status	  	- 18 -
					
		  		  	7.4.3	  	Administrator Discretion	  	- 18 -
					
		  		  	7.4.4	  	Termination of Consulting or Affiliate Services	  	- 18 -
				
		  	7.5	  	Compliance with Laws	  	- 18 -
					
		  		  	7.5.1	  	General	  	- 18 -
					
		  		  	7.5.2	  	Compliance with Securities Laws	  	- 19 -
					
		  		  	7.5.3	  	Share Legends	  	- 19 -
					
		  		  	7.5.4	  	Confidential Information	  	- 20 -
				
		  	7.6	  	Tax Withholding	  	- 20 -
					
		  		  	7.6.1	  	Tax Withholding	  	- 20 -
					
		  		  	7.6.2	  	Tax Loans	  	- 21 -
				
		  	7.7	  	Plan and Award Amendments, Termination and Suspension	  	- 21 -
					
		  		  	7.7.1	  	Board Authorization	  	- 21 -
					
		  		  	7.7.2	  	Shareholder Approval	  	- 21 -
					
		  		  	7.7.3	  	Amendments to Awards	  	- 21 -
					
		  		  	7.7.4	  	Limitations on Amendments to Plan and Awards	  	- 21 -
				
		  	7.8	  	Privileges of Share Ownership	  	- 22 -
				
		  	7.9	  	Share-Based Awards in Substitution for Awards Granted by Other Company	  	- 22 -
				
		  	7.10	  	Effective Date of the Plan	  	- 22 -
				
		  	7.11	  	Term of the Plan	  	- 22 -
				
		  	7.12	  	Governing Law/Severability	  	- 22 -
					
		  		  	7.12.1	  	Choice of Law	  	- 22 -
					
		  		  	7.12.2	  	Severability	  	- 22 -
				
		  	7.13	  	Captions	  	- 23 -
				
		  	7.14	  	Non-Exclusivity of Plan	  	- 23 -
				
		  	7.15	  	No Restriction on Corporate Powers	  	- 23 -
				
		  	7.16	  	Other Company Compensation or Benefit Programs	  	- 23 -
			
	8.	  	DEFINITIONS	  	- 23 -

  

 -iii- 

 [Global Education Letterhead] 

Letter of Assumption 
 February
1, 2010 
 To the holders of outstanding options granted under the Sunnykey International Holdings Limited Share Incentive Plan 

 

	 	Re:	Acquisition of Sunnykey International Holdings – Treatment of Options 

As you know, the Board of Directors and shareholders of Sunnykey International Holdings Limited (“Sunnykey”) have approved the
acquisition (the “Acquisition”) of the equity securities of Sunnykey by Global Education & Technology Group Limited (the “Parent”). The effective time of the closing of the Acquisition is referred to as the “Effective
Time.” After the Acquisition, Sunnykey will be a wholly-owned subsidiary of the Parent. 
 In accordance with the terms of
the Acquisition, Sunnykey’s options granted under the Sunnykey International Holdings Limited Share Incentive Plan (the “Plan”) that are outstanding at the Effective Time (each such option is referred to as an “Outstanding
Option”) will be assumed by the Parent as of the Effective Time. Accordingly, at the Effective Time, each Outstanding Option will be adjusted based on a one for one exchange ratio in connection with the Acquisition and converted into an option
to purchase ordinary shares of the Parent. For example, if you held an Outstanding Option to acquire 1,000 shares of Sunnykey ordinary shares at an exercise price of $1.00 per share, that option would be converted into an option to purchase 1,000
ordinary shares of the Parent at an exercise price of $1.00 per share. 
 Each reference to Sunnykey in the Plan and the
agreement that evidences your Outstanding Option will become a reference to the Parent as of the Effective Time. The Parent’s Board of Directors (or a committee of the Parent’s Board of Directors) will administer the Plan and the options
outstanding under the Plan as of the Effective Time. Except as described above, the terms and conditions of your Outstanding Option (such as the expiration date, termination of employment rules and other provisions) will not be affected by the
Acquisition. 
 If you have any questions relating to the matters described in this letter, please contact
[                    ] at
[                    ]. 
  

			
	GLOBAL EDUCATION & TECHNOLOGY GROUP LIMITED
		
	By:	 	 

  

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