Document:

EX-10.20

 Exhibit 10.20 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN OMITTED PURSUANT TO ITEM 601(B)(10)(IV) OF REGULATION S-K UNDER THE SECURITIES ACT OF 1933, AS AMENDED, BECAUSE THEY
BOTH ARE NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS [***]. 

Agreement No.: 
 Minos ID: 

Fengniao Delivery Cooperation Agreement 

Execution Date:                      

  
 1 

 Fengniao Delivery Cooperation Agreement 

Party A: Hangzhou Lazhasi Information Technology Co., Ltd. 

(hereinafter referred to as “Party A”) 
 Registration
No./Unified Social Credit Code: [***] 
 Phone: [***] 

Address: [***] 
 Party B: 

(hereinafter refered to as “Party B”) 
 Name of
Administrator (minos): 
 Phone of Administrator (minos): 

Business License Number: 
 Phone: 

Address: 
 In accordance with the relevant laws
and regulations of the People’s Republic of China and on the basis of equality, free will, fairness and good faith, Party A and Party B reach the following agreement upon friendly negotiation for mutual observance. 

Any reference to “Ele.me” in this Agreement shall mean the online platform operated by Hangzhou Lazhasi Information Technology Co.,
Ltd. Party A has been authorized by “Ele.me” to enter into this Agreement with Party B with respect to the “Fengniao Delivery” business. Any reference to “Fengniao Delivery” hereinafter or in the “Rules of Party
A” shall mean Hangzhou Lazhasi Information Technology Co., Ltd. 
 Any reference to “Fengniao Delivery Business” herein shall
include, without limitation, the delivery orders received from the main site of Ele.me and those sent via push notification on the open platform, etc. 

The term “Downward Penetration” used herein shall mean that the latest price list will be shown on the dispatching station
for the Supplier to click to confirm and continue to carry out its business. 

  
 2 

 Article 1 Contents of Cooperation 

This Agreement shall be valid for one year from
                     to                     .
Party B shall have a priority right to renew this Agreement by submitting a written request and obtaining the consent of Party A within [30] days before the validity hereof expires. 

Party A authorizes Party B to use the “Fengniao Delivery” series of products (hereinafter referred to as “Party A’s
Products”) to carry out the “Fengniao Delivery” business in Beijing. The specific grid/site/number of delivery orders undertaken by Party B in the above geographical area shall be separately agreed upon by the Parties, and Party A has
the discretion to determine the allocation of such grid/site/orders according to its own operational needs. Party B shall be responsible for the immediate delivery services, and Party A shall provide product support, administrative assistance,
payment settlement and other services. 
 Party B shall provide delivery services for the restaurants according to the relevant provisions
of the Delivery Agency Service Specifications (hereinafter referred to as the “Service Specifications”; any update thereof will be subject to notifications by Party A to Party B via email) and the Rules on Punishment for
Violation of the Delivery Agency Service Specifications (hereinafter referred to as the “Rules on Punishment”; any update thereof will be subject to notifications by Party A to Party B via email). 

Without the written consent of Party A, Party B shall not modify the Service Specifications or otherwise reach any agreement
inconsistent with the Service Specifications with any restaurant. Moreover, Party A shall have the right to, whenever necessary for business operations, revise the Service Specifications by further notice to Party B via email, and
Party B shall cooperate in the implementation of such revision. Otherwise, Party A may refuse to provide the Fengniao Products-related services set forth herein as necessary for Party B to render the delivery services, and all legal consequences
resulting therefrom shall be borne solely by Party B. 
 With the rapid development of the Internet, the terms set out herein cannot
completely enumerate and cover all rights and obligations of the Parties, and it cannot be guaranteed that the existing agreements will fully meet the future development needs. Therefore, Party B acknowledges and agrees that the Delivery Agency
Service Specifications, the Rules on Punishment for Violation of the Delivery Agency Service Specifications and other rules published by the Fengniao Delivery Platform shall each be a supplementary agreement to, form an integral part of,
and have the same legal effect as, this Agreement. 
 Article 2 Rights and Obligations of Party A 

1. Party A shall provide Party B with the Fengniao Products and other additional services as necessary for the delivery business. Party A shall have the right
to make improvements in the Fengniao Delivery Platform and the related software services whenever and wherever appropriate at its sole discretion, and Party B shall cooperate in this respect. To ensure the normal operation of Party A’s system,
Party A may shut down its system for maintenance either regularly or irregularly. 

  
 3 

 2. Party A shall offer to Party B trainings and instructions in relation to the Products and the delivery
business, and shall provide timely guidance on any product technical problem raised by Party B. 
 3. [***] 

4. Party A has the right to develop agreements and rules governing the various activities conducted by Party B while rendering delivery services on the
Fengniao Delivery Platform, including but not limited to the relevant rules, implementation regulations, specifications, investment promotion standards, interpretations, notices, the service specifications and KPI of any given project, and other
contents that Party A notifies Party B of via email (hereinafter referred to as the “Rules of Party A”), and to exercise the related rights, and Party B warrants to abide by such rules. Party A also has the right to supervise and manage
the cooperative business conducted by Party B, mainly including the following: 
 (1) Determining if Party B conducts its business within
the agreed scope and area; 
 (2) Determining if Party B carries out its business according to the last updated “Rules of Party A”
(including but not limited to the Service Specifications and the Rules on Punishment); 
 (3) Conducting regular assessment of
Party B’s employees; Party A has the right to require Party B to replace any employee that fails to meet Party A’ assessment requirements within [5] days. 

5. Party A has the right to supervise or determine the liabilities for any dispute arising from the delivery services provided by Party B to any restaurant
according to the Service Specifications and other rules made and published by Party A. In case of any liability for compensation or losses not due to any reason attributable to the restaurant, Party A shall pay compensation to the restaurant
first and reserves the right to hold Party B liable for the relevant economic and legal responsibilities. 
 6. To guarantee the best experience for the
restaurants on the Fengniao Delivery Platform in using Party B’s delivery services, Party A shall have the right to conduct real-time monitoring and regular assessment of the delivery services provided by Party B to the restaurants according to
the Rules on Punishment and other business operating procedures and requirements that Party A has developed and notified Party B of via email, thereby ensuring that Party B’s delivery services meet the requirements of the Fengniao
Delivery Platform or Party A. If Party A considers that Party B has violated the Rules on Punishment and other relevant service specifications or rules, Party A shall have the right to require Party B to pay liquidated damages to Party A
according to the amount of penalty corresponding to the relevant punishment items as provided for in the Rules on Punishment, and to terminate this Agreement unilaterally, while Party B shall pay compensation for any losses caused to Party A.
Party B agrees to authorize Party A to deduct the amount of liquidated damages payable by Party B to Party A or the economic losses incurred by Party A from the delivery service fees payable to Party B through the Fengniao Delivery Platform or from
the deposit already paid by Party B. 

  
 4 

 7. Party A has the right to display, compile or otherwise appropriately use the relevant information of
Party B shown on the Fengniao Delivery Platform. 
 8. In case of any losses incurred by Party A, Party B or any third party due to any reason attributable
to Party B or Party B’s employees (including but not limited to all employees that have entered into a Labor or Employment Contract or established the de facto labor or employment relationship with Party B; collectively, “Party B’s
Employees”), Party B shall respond actively to deal with such losses and assume the relevant responsibilities. If Party B fails to bear the relevant responsibilities as required by law under any of the following circumstances, Party A shall
have the right to handle such circumstance (including but not limited to making any payment) on behalf of Party B and then seek recovery from Party B: 

8.1 Party B or Party B’s Employees cause any personal injury or property damage to any third party in the course of business operation/work; 

8.2 Party A’s reputation is affected by any complaint or strike by Party B’s Employees due to any delayed or deferred payment of or deduction from
salaries and other event caused by the poor management, subcontracting, withdrawal or other acts by Party B; 
 8.3 Party B neglects to perform the
statutory obligation to pay statutory compensation for its failure to sign Labor Contracts with its employees, its failure to pay social insurance contributions/taxes for its employees, or other employment activities against the law; 

8.4 Party B’s Employees cause any personal injury, property damage or spiritual damage to any third party due to any misconduct in the course of
providing the meal delivery services (including but not limited to harassment or abuse of any third party, etc.); 
 8.5 Party B fails to timely fulfill its
statutory obligations arising from any personal injury or property damage caused by any of Party B’s Employees in the course of providing the delivery services; 

8.6 Party A’s image is undermined for any reason attributable to Party B or Party B’s Employees, leading to any public opinion risk or legal
dispute, and Party B refuses to cooperate on or assist with the handling of such risk or dispute, or fails to handle such risk or dispute properly within the time limit required by Party A; 

8.7 In any litigation case occuring for any reason attributable to Party B or any of Party B’s Employees, Party B or such employee, the identify of whom
has been verified, refuses to appear in court despite being required to do so, or has appeared in court but refuses to assume the relevant statutory responsibilities, thereby resulting in any award/judgment that requires Party A’s platform to
assume any responsibility; 
 8.8 Party B fails to actively and timely assume any other responsibility that shall be borne by Party B as provided by law.

  
 5 

 8.9 If Party A has made any payment on behalf of Party B or incurred any losses in any of the above cases,
Party A shall have the right to take necessary steps to make up for such losses, including but not limited to withholding or deducting the deposit paid by Party B and the delivery service fee obtained by Party B through the Fengniao Delivery
Platform. If the deposit or delivery service fee is insufficient to compensate for the losses incurred by Party A, Party A shall have the right to claim further compensation from Party B. 

Article 3 Rights and Obligations of Party B 
 1. Party B
has the legal qualification and right to provide various delivery services, and Party B’s delivery services shall comply with the provisions of the national laws, regulations, rules and our company to ensure that Party B and Party B’s
Employees meet the qualification requirements of Party A for the execution and performance hereof. 
 2. Party B shall furnish to Party A, among others, the
real name, address and effective contact information of Party B (either a company or an individual), as well as the original and photocopy of any relevant business license or permit for operation obtained according to law, and shall ensure the
authenticity and validity of such materials provided. 
 3. In the event of any change in the name, address, effective contact information, licenses or any
other information of Party B, Party B shall give written notice to Party A within [3] working days, and any losses incurred by Party A or Party B due to Party B’s failure to do so shall be borne by Party B. If any change occurs in Party
B’s ownership, actual controller, legal representative and other aspects relating to Party B’s right to operate, Party A shall have the right to reassess the qualification of Party B as agent and, if Party B fails the reassessment, to
terminate this Agreement unilaterally. 
 4. Party B shall not violate the various “Rules of Party A” last updated by Party A, and shall
ensure the safety and quality of delivery of food and other items pursuant to the detailed requirements set out in the Service Specifications. Party B warrants to provide the restaurants with delivery services in compliance with the standards
stipulated in the Service Specifications and the Rules on Punishment, and to assume the liability for breach of contract towards the restaurants/Platform and compensate for any losses caused to the restaurants/Platform for any
violation committed in the course of provision of services in accordance with this Agreement, the Service Specifications or the Rules on Punishment. 

5. Party B shall not violate the confidentiality provisions. 

6. Party B shall promptly deal with any customer complaint, remedy any losses caused by such complaint and notify Party A of the remedy results, and
compensate Party A for any actual economic losses incurred thereby. 
 7. Party A requires that Party B should provide VAT invoices, and Party B shall issue
the corresponding invoices that comply with the relevant laws and regulations as required in Article 5 hereof. 
 8. Party B shall purchase the
employer’s liability insurance or the accident insurance for Party B’s delivery personnel in a timely manner. There exists no labor or employment relationship between Party B’s delivery personnel and Party A. 

  
 6 

 9. Party B shall not provide any form of improper benefits to the employees or consultants of Party A or its
affiliated companies, including but not limited to any of the cases listed below; otherwise, Party B agrees that Party A shall have the right to terminate this Agreement immediately and to deduct all the deposit paid by Party A. 

9.1 Party B and Party B’s Employees shall not offer any bribe or bribe in disguise to Party A’s affiliates in any way. 

9.2 Party B and Party B’s Employees shall not offer any form of “cash, marketable securities and payment instruments” or “communication
devices, vehicles, cultural products of non-minimal value and other valuables (worth over RMB100)” by way of gift to Party B’s business staff members. 

9.3 Party B and Party B’s Employees shall not arrange for Party A’s affiliates to participate in any travel, costly entertainment, conference
tourism at scenic spots and other similar activities. 
 9.4 Party B and Party B’s Employees shall not provide or facilitate job opportunities for the
relatives and friends of Party A’s affiliates, or pay any fees that shall be borne by such persons individually. 
 9.5 Party B shall not take
advantage of its capacity as supplier to offer any bribe or bribe in disguise to Party A’s affiliates or their main relatives. 
 10. Party B shall not
engage in any connected transaction with, or be deemed as an affiliate of, Party A or the employees or consultants of Party A’s affiliated companies, including but not limited to any of the cases listed below; otherwise, Party B agrees that
Party A shall have the right to terminate this Agreement immediately and deduct all the deposit paid by Party B. 
 10.1 Party B shall be deemed an
affiliate if: 
 10.1.1 Any existing employee of Party A and Party B have any directly or indirectly related person in the Fengniao Delivery Business; 

10.1.2 Any existing employee of Party A and (or) his/her main relative are/is the main investor of Party B; 

10.1.3 Any existing employee of Party A holds a concurrent post in Party B; 

10.1.4 Any main relative of any existing employee of Party A works for or holds a post in Party B; 

10.2 A connected transaction shall be deemed to have occurred if: 

10.2.1 Any affiliate is directly or indirectly involved in the platform positioning, bidding or other benefits-related businesses of the Parties, and takes
advantage of its official authority to seek personal gains in a way that undermines the interests of the Parties and the principle of arm’s length transaction. 

  
 7 

 11. Party B is strictly prohibited from making inquiries of any data not related to Party B’s
operations from Party A, including but not limited to Party A’s nationwide delivery data, the data of Party A’s transaction platform, etc. Party B is also strictly prohibited from making inquiries of the information of any competitive
partner from Party A, including but not limited to the basic information of other suppliers, the grid information, the operational data, etc. 
 12. Party B
shall not use Party A’s Products in any illegal way, and shall promptly notify Party A of any infringement or any suspected or expected infringement, imitation, illegal use or improper use of Party A’s Products. 

13. Party B warrants not to package, alter or change Party A’s Products or businesses by using shell applications, creating derivative works and any
other means, or to call or activate Party A’s Products or businesses by using any third-party product or business; otherwise, Party A shall have the right to terminate this Agreement without paying any fees arising therefrom. Party B shall not
use any improper means to obtain any order data or information of the platform of Party A and its affiliated companies (including but not limited to the logistics order information), etc. 

14. Party B shall not use Party A’s Products independently or jointly with any other software to engage in any business activity, including but not
limited to the selling (or causing the selling), licensing (or causing the licensing) and/or distribution (or causing the distribution) of any product. 

Article 4 Deposit 
 1. Party B shall pay a deposit in the
following amount when signing the Cooperation Agreement for delivery agency services with Party A: 
  

	[***]	 

2. [***] 
 3. [***] 

  
 8 

 4. [***] 
 5.
[***] 
 Party A’s account name: [***] 
 Account number:
[***] 
 Bank: [***] 
 6. [***] 

Article 5 Period, Conditions and Methods of Settlement 

1. Settlement Period 
 [***] 

2. Conditions for Settlement 
 [***] 

  
 9 

 3. Methods of Settlement 

[***] 
 Party B’s account name: [***] 

Account number: [***] 
 Bank: [***] 

4. Invoice Issuance 
 [***] 

5. Settlement Dispute 
 [***] 

Article 6 Liability for Breach of Contract 
 1. If Party B
violates any of the terms hereof, Party A shall have the right to directly deduct the amount of liquidated damages from the delivery service fees obtained by Party B through the Fengniao Delivery Platform [***]. [***] In the event of any material
violation on the part of Party B, Party A shall have the right to terminate this Agreement immediately without returning the deposit and to hold Party B liable for the necessary legal responsibilities. 

2. Party B shall strictly abide by the latest “Rules of Party A” as notified by Party A via email. If Party B violates any of the “Rules
of Party A”, Party A shall have the right to impose punishment on Party B accordingly, and Party B shall remedy such violation in a timely manner. In the event of any material violation on the part of Party B, Party A shall be entitled to
terminate this Agreement and reserves the right to claim compensation from Party B for the losses incurred. 

  
 10 

 3. [***] 
 4.
Any losses incurred by Party A, Party B itself or any third party as a result of any violation by Party B of paragraph 10 of Article 3 hereof shall be borne by Party B, and Party A reserves the right to seek recovery from Party B. 

5. [***] 
 6. If Party B is found to have defrauded Party A of
any delivery fees by click farming, make false statement on its delivery capacity or any other acts, Party A shall have the right, depending on the number of violations committed by Party B, to terminate this Agreement unilaterally and require Party
B to compensate for the relevant losses caused, and may, in serious cases, confiscate the deposit. 
 7. If any dispute arises between the Parties as a
result of any losses caused by Party B’s violation to Party A, then all costs arising from the arbitration or litigation of such dispute, including but not limited to the attorney’s fees, litigation fees, travel expenses, etc., shall be
borne by Party B. 
 Article 7 Disclaimer 
 1. If the
performance hereof is rendered impossible by any earthquake, typhoon, flood, fire, war, computer virus, design flaw in any software tool, cyber-attack, telecommunication or communication failure, change in policies or laws or any other force majeure
event, neither party shall be liable to pay any compensation for part or all of the economic losses incurred by either party due to such force majeure event. 

2. In the event of any interruption of normal services caused by maintenance shutdown, technical detection and other similar activities performed by Party A
on its website on a regular or irregular basis, Party A shall not be deemed to have violated this Agreement and shall accept no responsibility as long as it has provided the relevant evidence. 

Article 8 Dispute Resolution 
 1. If any dispute arises
between the Parties with respect to this Agreement during the performance hereof, the Parties shall resolve such dispute through negotiation on the basis of the principles of good faith, fairness and reasonableness. If the dispute cannot be resolved
through negotiation, the Parties may file a lawsuit in the people’s court in Putuo District, Shanghai City, i.e. the domicile of Party A. 

  
 11 

 2. The breaching party or the party held mainly responsible for any dispute hereunder shall bear the
attorney’s fees, travel expenses, case acceptance fees, etc. incurred by the other party in connection with the arbitration or litigation activities. 

3. After any dispute occurs, unless it becomes impossible to perform this Agreement due to the violation by either party, or mediation has been conducted for
termination of cooperation, otherwise the non-breaching party shall have the discretion to decide whether to continue to perform this Agreement depending on the circumstances. 

Article 9 Dissolution and Termination of Cooperation Agreement 

1. To protect the benefits of the Parties, Party A may dissolve or terminate this Agreement according to the provisions of the laws and Party A’s rules
and regulations. 
 2. Unless the conditions for termination as provided by law have been satisfied or Party B gives notice to and obtains the written
consent of Party A [30] days in advance, Party B may not terminate this Agreement unilaterally on any ground during the validity hereof. 
 3. If no written
renewal request is submitted by Party B to Party A one month before the validity hereof expires, this Cooperation Agreement shall terminate automatically from the expiration date hereof. [***] 

4. Any written notice that shall be given between the Parties shall be deemed served when the relevant written material or document is delivered to the
notified person at the address as agreed by the Parties. 
 Article 10 Confidentiality Agreement 

1. Party B shall treat as strictly confidential the information of Party A and its affiliated companies and the private information of users obtained during
the performance hereof, including but not limited to the relevant terms hereof, the rules for settlement of fees, flow diversion data, etc., and shall not divulge or convey such confidential information to any third party or use or permit any third
party to use the same except for the purposes hereof. 
 2. Party B shall keep confidential the Cooperation Agreement, experience and methodology provided
by Party A and all information and intellectual property rights obtained by Party B in the course of performance hereof, and may not transfer or convey the same to others without permission or make disclosure thereof to any third party. 

3. Any commercial, marketing, technical, operational data or other materials obtained by Party B from Party A in connection with or arising out of this
Agreement shall be kept confidential. 

  
 12 

 Article 11 Miscellaneous 

1. It is agreed that the cooperation between the Parties does not constitute any labor relationship between Party A and Party B’s Employees, and all
responsibilities for any accident occurring in the course of performance of work by Party B’s Employees, including but not limited to any personal injury or property damage incurred by Party A, any third party or Party B itself, shall be borne
solely by Party B. 
 2. This Agreement shall become effective after it is signed and sealed by the Parties [***]. 

3. If Party B has ceased operations or has been taken over for poor management or other reasons, it shall give written notice to Party A so that the Parties
can decide through negotiation whether to continue to perform this Agreement or assign this Agreement to another partner; otherwise, Party B shall be deemed in breach of this Agreement and shall compensate for any losses caused to Party A as
provided in paragraph 4 of Article 6 “Liability for Breach of Contract” hereof. 
 4. [***] 

5. [***] 
 6. Service of Notices: 

6.1 Party B agrees that Party A may notify Party B via email of any update in the Delivery Agency Service Specifications, the
Rules on Punishment for Violation of the Delivery Agency Service Specifications, and the various corporate rules and regulations and regulatory documents made by Party A according to the operational needs of the delivery
business as agreed in the Original Agreement. If Party B fails to raise any objection within 3 days from the date the email is sent, Party B shall be deemed to have accepted the contents of such email. If Party B has any objection to the contents of
the email sent in the above manner, it shall raise such objection to Party A via email or in writing within 3 days from the date the email is sent, and such objection shall be otherwise resolved by the Parties through negotiation. 

  
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 6.2 The business email addresses of the Parties: 

Party A’s business email: [***] 
 Party B’s
business email:  
 6.3 If Party B needs to change the above email address, it shall give 5 working days’ prior written notice to Party A, and
any losses resulting from Party B’s failure to give such notice timely shall be borne by Party B. 
 7. [***] 

Article 12 Supplementary Provisions 
 1. If during the
validity hereof, either party needs to change its contact person, contact information, address or any other information, it shall give [5] working days’ prior written notice to the other party, and any losses resulting from the party’s
failure to give such notice timely shall be borne by such party. 
 2. The Parties may make supplementary provisions for any matters uncovered herein
through negotiation according to the actual situation and in accordance with the relevant laws and regulations. The supplementary provisions shall have the same legal effect as those set forth herein. 

3. This Agreement shall not be used as the basis for any economic activities conducted by Party B for any purpose other than as set out herein. 

4. Without prejudice to the rights and interest of Party B hereunder, Party A may transfer all or part of its rights and obligations hereunder to its
affiliated companies according to any business adjustment, in which case Party A will give prior notice to Party B. 

  
 14 

 The above terms have been made known to the Parties. (END OF BODY TEXT) 

 

			
	Party A (seal): 	  	Party B (seal): 
		
	Authorized representative (signature):	  	Authorized representative (signature): 
		
	Phone:	  	Phone: 
		
	Execution date:	  	Execution date: 

  
 15 

 Entrusted Payment Agreement for Fengniao Delivery Supplier 

Agreement No.: 
 Party A: Hangzhou Lazhasi Information
Technology Co., Ltd 
 Party B: 
 Any reference to
“Supplier” hereinafter shall mean “Party B”. 
 MINOS ID of Supplier: 

The Parties hereby reach the following agreement with respect to Party B’s engagement of Party A or its affiliated companies to pay part
of the labor remuneration directly to the delivery riders of Party B and to pay premiums of the insurance purchased by Party B directly to the insurance companies. 

I. Introduction to Fengniao Application (Team Edition) 

The Fengniao Application (Team Edition) is a mobile-based information platform provided by Party A’s affiliated company to Party B for use
by Party B’s delivery riders, who may pick up the Fengniao delivery orders through the Application. 
 II. Introduction to Rider Wallet 

[***] 
 III. Details of Engagement 

[***] 

  
 1 

 IV. Clarification of Labor Relationship 

[***] 
 V. Effectiveness and Miscellaneous

 1. This Agreement shall form an integral part of, and have the same legal effect as, the Original Agreement. The terms of the Original Agreement other
than those modified hereby shall continue to apply and be binding upon the Parties. 
 2. In the event of any conflict between this Agreement and the
Original Agreement, this Agreement shall prevail. 
 3. This Agreement shall become effective from the date of signature and seal by the Parties, and shall
remain valid during the period of cooperation between the Parties. This Agreement is made in two copies; each party shall hold one copy and both copies shall be equally authentic, 

(END OF BODY TEXT) 
  

			
	Party A:	  	Party B:
		
	Signature (seal): 	  	Signature (seal): 
		
	Authorized representative:	  	Authorized representative: 
		
	Date:	  	Date: 

  
 2EX-10.21

 Exhibit 10.21 

FORM OF EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as
of                    , 20    by and between Quhuo Limited (the “Company”), an exempted company duly
incorporated and validly existing under the law of the Cayman Islands, and            ([Passport/ID] Number            ), an
individual (the “Executive”). The term “Company” as used herein with respect to all obligations of the Executive hereunder shall be deemed to include the Company and all of its direct or indirect parent companies,
subsidiaries, affiliates, or subsidiaries or affiliates of its parent companies (collectively, the “Group”). 
 RECITALS

 A. The Company desires to employ the Executive and to assure itself of the services of the Executive during the term of Employment (as defined
below). 
 B. The Executive desires to be employed by the Company during the term of Employment and under the terms and conditions of this Agreement. 

AGREEMENT 
 The parties
hereto agree as follows: 
  

	1.	 POSITION 

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

	2.	 TERM 

Subject to the terms and conditions of this Agreement, the initial term of the Employment shall
be            years, commencing on                    , 20    (the
“Effective Date”), until                    , 20    unless terminated earlier pursuant to the terms of this
Agreement. Upon expiration of the initial            -year term, the Employment shall be automatically extended for
successive one-year terms unless either party gives the other party hereto a prior written notice to terminate the Employment prior to the expiration of
such one-year term or unless terminated earlier pursuant to the terms of this Agreement. 
  

	3.	 DUTIES AND RESPONSIBILITIES 

The Executive’s duties at the Company will include all jobs assigned by the Company’s Chief Executive Officer. If the Executive is
the Chief Executive Officer of the Company, the Executive’s duties will include all jobs assigned by the Board of Directors of the Company (the “Board”). 

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

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

	4.	 NO BREACH OF CONTRACT 

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

	5.	 LOCATION 

The Executive will be based in                , China or any
other location as requested by the Company during the term of this Agreement. 
  

	6.	 COMPENSATION AND BENEFITS 

 

	 	a)	 Cash Compensation. The Executive’s cash compensation (inclusive of the
statutory welfare reserves that the Company is required to set aside for the Executive under applicable law) shall be provided by the Company pursuant to Schedule A hereto, subject to annual review and adjustment by the Company or the
compensation committee of the Board (or the Board itself, before the formation of the compensation committee). 

  

	 	b)	 Equity Incentives. To the extent the Company adopts and maintains a share incentive
plan, the Executive will be eligible for participating in such plan pursuant to the terms thereof as determined by the Company. 

  

	 	c)	 Benefits. The Executive is eligible for participation in any standard employee benefit plan of
the Company that currently exists or may be adopted by the Company in the future, including, but not limited to, any retirement plan, and travel/holiday policy. 

 

	7.	 TERMINATION OF THE AGREEMENT 

 

	 	a)	 By the Company. The Company may terminate the Employment for cause, at any time, without advance
notice or remuneration, if (i) the Executive is convicted or pleads guilty to a felony or to an act of fraud, misappropriation or embezzlement, (ii) the Executive has been negligent or acted dishonestly to the detriment of the Company,
(iii) the Executive has engaged in actions amounting to misconduct or failed to perform his/her duties hereunder and such failure continues after the Executive is afforded a reasonable opportunity to cure such failure, (iv) the Executive
has died, or (v) the Executive has a disability which shall mean a physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to perform the essential functions of his/her employment with the
Company, even with reasonable accommodation that does not impose an undue hardship on the Company, for more than 180 days in any 12-month period, unless a longer period is required by applicable law,
in which case that longer period would apply. 

 In addition, the Company may terminate the Employment without cause, at any time, upon one-month prior written notice to the Executive. Upon termination without cause, the Company shall provide the Executive with a severance payment in cash in an amount equal to the Executive’s 3-month salary at the then current rate. Under such circumstance, the Executive agrees not to make any further claims for compensation for loss of office, accrued remuneration, fees, wrongful dismissal or any other
claim whatsoever against the Company or its subsidiaries or the respective officers or employees of any of them. 
  

	 	b)	 By the Executive. If there is a material and substantial reduction in the
Executive’s existing authority and responsibilities, the Executive may resign upon one-month prior written notice to the Company. In addition, the Executive may resign prior to the expiration of
the Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board. 

  

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

  

	8.	 CONFIDENTIALITY AND NONDISCLOSURE 

 

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

  

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

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

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

  

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

This Section 8 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 8,
the Company shall have right to seek remedies permissible under applicable law. 
  

	9.	 INVENTIONS 

  

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

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

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

 

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

 

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

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

	10.	 CONFLICTING EMPLOYMENT. 

The Executive hereby agrees that, during the term of his/her employment with the Company, he will not engage in any other employment,
occupation, consulting or other business activity related to the business in which the Company is now involved or becomes involved during the term of the Executive’s employment, nor will the Executive engage in any other activities that
conflict with his/her obligations to the Company without the prior written consent of the Company. 
  

	11.	 NON-COMPETITION AND
NON-SOLICITATION 

 In consideration of the compensation provided to the
Executive by the Company hereunder, the adequacy of which is hereby acknowledged by the parties hereto, the Executive agree that during the term of the Employment and for a period of two years following the termination of the
Employment for whatever reason: 
  

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

  

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

  

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

The provisions contained in Section 11 are considered reasonable by the Executive and the Company. In the event that any such provisions
should be found to be void under applicable laws but would be valid if some part thereof was deleted or the period or area of application reduced, such provisions shall apply with such modification as may be necessary to make them valid and
effective. 
 This Section 11 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this
Section 11, the Executive acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including monetary
damages if appropriate). In any event, the Company shall have right to seek all remedies permissible under applicable law. 
  

	12.	 WITHHOLDING TAXES 

Notwithstanding anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any
amounts otherwise due or payable under or pursuant to this Agreement such national, provincial, local or any other income, employment, or other taxes as may be required to be withheld pursuant to any applicable law or regulation. 

	13.	 ASSIGNMENT 

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

	14.	 SEVERABILITY 

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

	15.	 ENTIRE AGREEMENT 

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

	16.	 GOVERNING LAW 

This Agreement shall be governed by and construed in accordance with the law of the State of New York, USA, without regard to the conflicts of
law principles. 
  

	17.	 AMENDMENT 

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

	18.	 WAIVER 

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

	19.	 NOTICES 

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

	20.	 COUNTERPARTS 

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

	21.	 NO INTERPRETATION AGAINST DRAFTER 

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

[Remainder of this page has been intentionally left blank.] 

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

 

			
	 Quhuo Limited

	By:	 	  

	Name:	 	
	Title:	 	

  

			
	 Executive

	 Signature:
	 	  

	 Name:
	 	

 Schedule A 

Cash Compensation 
  

									
	 	  	Amount	 	  	Pay Period	 
	 Base Salary
	  	 	            	 	  	 	            	 
	 Cash Bonus
	  				  			

 Schedule B 

List of Prior Inventions 
  

					
	 Title
	  	Date	  	Identifying Number
or Brief Description

  

	
	 No inventions or improvements

 
 Additional Sheets Attached

 
 Signature of Executive:

 
 Print Name of Executive:

 
 Date:

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