Document:

EX-10.33

 Exhibit 10.33 

 

			
	STRICTLY CONFIDENTIAL	  	EXECUTION VERSION

 SHAREHOLDERS AGREEMENT 

dated as of April 28, 2014 

by and among 
 ALI YK
INVESTMENT HOLDING LIMITED 
 and 

Each of the persons 

listed on Exhibit A hereto 

  
 1 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I DEFINITIONS AND INTERPRETATION
	  	 	1	  
	 Section 1.1 Definitions
	  	 	1	  
	 Section 1.2 Interpretation and Rules of Construction
	  	 	9	  
	 ARTICLE II VOTING RESTRICTIONS
	  	 	9	  
	 Section 2.1 Shareholder Voting Restrictions
	  	 	9	  
	 Section 2.2 Director Votes
	  	 	10	  
	 Section 2.3 No Conflicting Proxies or Other Agreements
	  	 	10	  
	 ARTICLE III RIGHT OF FIRST OFFER AND TAG-ALONG RIGHT
	  	 	10	  
	 Section 3.1 Investor Right of First Offer
	  	 	10	  
	 Section 3.2 1Verge Right of First Offer
	  	 	12	  
	 Section 3.3 Procedures of the Investor ROFO and the 1Verge ROFO
	  	 	13	  
	 Section 3.4 Investor Tag-Along Right
	  	 	15	  
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	16	  
	 Section 4.1 Representations and Warranties of the 1Verge Group
	  	 	16	  
	 Section 4.2 Representations and Warranties of the Investor
	  	 	18	  
	 ARTICLE V OWNERSHIP OF 1VERGE; NO OTHER AGREEMENTS
	  	 	19	  
	 Section 5.1 Representations and Warranties Regarding 1Verge
	  	 	19	  
	 Section 5.2 Covenants Regarding 1Verge
	  	 	20	  
	 Section 5.3 Covenants Regarding Chengwei Funds
	  	 	20	  
	 Section 5.4 Agreement with Third Parties
	  	 	20	  
	 ARTICLE VI GENERAL PROVISIONS
	  	 	20	  
	 Section 6.1 Term
	  	 	20	  
	 Section 6.2 Notices
	  	 	20	  
	 Section 6.3 Entire Agreement
	  	 	21	  
	 Section 6.4 Governing Law
	  	 	22	  
	 Section 6.5 Dispute Resolution
	  	 	22	  
	 Section 6.6 Severability
	  	 	22	  
	 Section 6.7 No Third Party Beneficiaries
	  	 	22	  
	 Section 6.8 Successors and Assigns
	  	 	23	  
	 Section 6.9 Construction
	  	 	23	  
	 Section 6.10 Counterparts
	  	 	23	  

  
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	 Section 6.11 Aggregation of Shares
	  	 	23	  
	 Section 6.12 Specific Performance
	  	 	24	  
	 Section 6.13 Amendment; Waiver
	  	 	24	  
	 Section 6.14 Expenses
	  	 	24	  
	 Section 6.15 Public Announcements
	  	 	24	  
	 Section 6.16 Confidentiality
	  	 	25	  

  
 ii 

 SHAREHOLDERS AGREEMENT 

THIS SHAREHOLDERS AGREEMENT (this “Agreement”) is made and entered into as of April 28, 2014 by and among, each of the
individuals and entities listed on Exhibit A attached hereto (collectively, the “1Verge Group”, and each, a “1Verge Group Member”) and Ali YK Investment Holding Limited (the “Investor”),
an exempted limited liability company organized under the laws of the Cayman Islands and wholly owned directly or indirectly by Alibaba Investment Limited (“AIL”) and YF Venus Ltd (“YF Fund”). 

RECITALS 
 WHEREAS,
the Investor has agreed to purchase from Youku Tudou Inc., a Cayman Islands exempted limited liability company (the “Company”) and 1Look Holdings Ltd. (“1Look”), and the Company and 1Look have agreed to sell to the
Investor certain Ordinary Shares, on the terms and conditions set forth in the Investment Agreement (as defined below); and 

WHEREAS, the Investor and the 1Verge Group desire to enter into certain arrangements relating to the Securities of the Company. 

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 receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

ARTICLE I 

DEFINITIONS AND INTERPRETATION 

Section 1.1 Definitions. For the purposes of this Agreement: 

“1Look” has the meaning set forth in the Recitals; 

“1Look Shares” means any equity interest of, or shares of any class in the share capital (ordinary, preferred or otherwise)
of, 1Look and any convertible securities, options, warrants and any other type of equity or equity-linked securities convertible, exercisable or exchangeable for any such equity interest or shares of any class in the share capital of 1Look; 

“1Verge” means 1Verge Holdings Ltd., a British Virgin Islands company; 

“1Verge Change of Control” means any transaction (or series of related transactions resulting in) through which any Person
(other than a 1Verge Group Member or its Controlled Affiliates) would acquire Control (including through veto rights or other negative controls), directly or indirectly, over 1Verge, which shall be deemed to include (A) the power to
individually or jointly direct or control the management or policies of 1Verge (including in the case where the vote or consent of such holder is required to authorize an action by 1Verge), (B) holding a majority of the voting power of 1Verge
(directly or indirectly through a shareholder of 1Verge) or (C) the power to individually or jointly appoint a majority of the board of directors or similar body governing the affairs of 1Verge; 

 “1Verge Closing Ordinary Shares” has the meaning set forth in
Section 3.2(c); 
 “1Verge Constitutional Documents” has the meaning set forth in Section 5.1; 

“1Verge Group” has the meaning set forth in the Preamble; 

“1Verge Group Member” has the meaning set forth in the Preamble; 

“1Verge ROFO” has the meaning set forth in Section 3.2; 

“1Verge ROFO Shares” has the meaning set forth in Section 3.2; 

“1Verge Shares” means any equity interest of, or shares of any class in the share capital (ordinary, preferred or otherwise)
of, 1Verge and any convertible securities, options, warrants and any other type of equity or equity-linked securities convertible, exercisable or exchangeable for any such equity interest or shares of any class in the share capital of 1Verge; 

“1Verge Shareholders” means the shareholders of 1Verge, which are 1Look and the Chengwei Funds. 

“ADS” means American Depositary Shares, each of which represents 18 Class A Shares, of the Company; 

“Affiliates” means, with respect to any specified Person, any other Person that directly, or indirectly through one or more
intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person; 
 “Agreement” has the
meaning set forth in the Preamble; 
 “AGHL” means Alibaba Group Holding Limited; 

“AIL” has the meaning set forth in the Preamble; 

“Bankruptcy and Equity Exception” has the meaning set forth in Section 4.1(a); 

“beneficial ownership” or “beneficially own” or similar term shall mean beneficial ownership as defined under
Rule 13d-3 under the Exchange Act; 
 “Board” means the board of directors of the Company; 

“Business Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by Law to
be closed in Beijing, Hong Kong or New York; 
 “Chengwei Change of Control Event” means any of the following transactions:
(a) one in which the existing principals of Chengwei Evergreen Management, LLC, individually or as a group, cease to Control, or any third party or third parties (acting individually or as a group) who are not principals of Chengwei Evergreen
Management, LLC as of the date of this Agreement acquire Control of, Chengwei Evergreen Management, LLC, (b) any transfer of fifty percent (50%) or more of the limited partnership interests in any of the Chengwei Funds to third
parties that are not limited partners or Affiliates of limited partners of the Chengwei Funds as of the date of this Agreement or (c) Chengwei Evergreen Management, LLC ceases to act as the general partner of the Chengwei Funds. 

  
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 “Chengwei Funds” means Chengwei Partners, L.P., Chengwei Ventures Capital, L.P.
and Chengwei Ventures Evergreen Advisors Fund, LLC. 
 “Class A Shares” means Class A ordinary shares, par value
US$0.00001 per share, in the share capital of the Company; 
 “Class B Shares” means the Class B ordinary shares,
par value US$0.00001 per share, in the share capital of the Company; 
 “Closing” has the meaning set forth in the
Investment Agreement; 
 “Closing Date” has the meaning set forth in the Investment Agreement; 

“Company” has the meaning set forth in the Recitals; 

“Company Change of Control Transaction” means any of the following transactions (or series of related transactions resulting
in): (a) any transfer of Securities of the Company, or any consolidation, amalgamation, merger, scheme of arrangement or other reorganization or similar business combination involving the Company in which the Shareholders of the Company
immediately prior to such transaction (i) own in the aggregate Voting Securities representing less than fifty percent (50%) of the Company’s aggregate voting power, (ii) no longer have the right to appoint a majority of the Directors
of the Board or (iii) otherwise lose the right to direct the management of the Company, in each case, immediately after such transaction; or (b) any sale, lease, license, exchange, transfer or other disposition or joint venture which would
result in a third party acquiring assets, individually or in the aggregate, constituting fifty percent (50%) or more of the fair market value of the assets of the Company and its Subsidiaries or to which fifty percent (50%) or more of the net
revenue, net income or EBITDA of the Company and its Subsidiaries are attributable; 
 “Company Proposal Notice” has the
meaning set forth in Section 3.3(e); 
 “Confidential Information” has the meaning set forth in Section 6.16; 

“Control” (including the terms “Controlled by” and “under common Control
with” ) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, as trustee or executor, by contract
or otherwise, including the ownership, directly or indirectly, of securities having the power to elect a majority of the board of directors or similar body governing the affairs of such Person or securities that represent a majority of the
outstanding voting securities of such Person; 
 “Controlled Affiliate” means, with respect to any specified Person, any
other Person that directly, or indirectly through one or more intermediaries, is Controlled by such specified Person; 

  
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 “Director” means a Person who is a member of the Board; 

“Encumbrance” means any security interest, pledge, mortgage, lien, charge, claim, hypothecation, title defect, right of first
option or refusal, right of preemption, third-party right or interests, put or call right, lien, adverse claim of ownership or use, or other encumbrance of any kind; 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder; 
 “Exercise Notice” has the meaning set forth in Section 3.3(a); 

“Exercise Period” has the meaning set forth in Section 3.3(a); 

“Existing Shares” means the Ordinary Shares and ADSs of the Company beneficially owned by any of the 1Verge Group Member as of
the date hereof. 
 “Excluded Investor ROFO Shares” has the meaning set forth in Section 3.1(c); 

“Governmental Authority” means any federal, national, foreign, supranational, state, provincial, local, municipal or other
political subdivision or other government, governmental, regulatory or administrative authority, agency, board, bureau, department, instrumentality or commission or any court, tribunal, judicial or arbitral body of competent jurisdiction or stock
exchange; 
 “ICC” has the meaning set forth in Section 6.5; 

“ICC Rules” has the meaning set forth in Section 6.5; 

“Investment Agreement” means that certain Investment Agreement, dated as of April 28 2014 by and between the Company,
1Look and the Investor and, solely for the purposes of Sections 11.4, 11.5 and 11.16 therein, AGHL, as it may be amended, modified or supplemented from time to time in accordance with the terms thereof; 

“Investment Documents” means the Transaction Documents as defined under the Investment Agreement; 

“Investor” has the meaning set forth in the Preamble. 

“Investor Change of Control” means AGHL (a) ceasing to beneficially own, directly or indirectly, through entities
Controlled by AGHL, at least a majority of the voting power of the Investor, (b) no longer having the right to appoint a majority of the directors of the board of directors of the Investor, or (c) otherwise losing the power to direct or
control the management of the Investor; 
 “Investor Director” means the one (1) individual whom the Investor is
entitled to designate for appointment or election as a Director; 

  
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 “Investor Rights Agreement” means that certain Investor Rights Agreement, dated
as of 28, 2014 by and among the Company, the Investor, and, solely for the purposes of Sections 7.1 and 7.2 and Article VIII therein, AGHL and YF Fund, as it may be amended, modified or supplemented from time to time in accordance with the
terms thereof; 
 “Investor ROFO” has the meaning set forth in Section 3.1(b); 

“Investor ROFO Shares” has the meaning set forth in Section 3.1(b); 

“Investor Shares” has the meaning set forth in Section 2.1; 

“Law” means any federal, national, foreign, supranational, state, provincial or local statute, law, ordinance, regulation,
rule, code, order, requirement or rule of law (including common law), official policy, rule or interpretation of any Governmental Authority with jurisdiction over the Company or the parties hereto, as the case may be; 

“Memorandum and Articles” means the Amended and Restated Memorandum and Articles of Association of the Company in effect from
time to time; 
 “Minimum Ownership Percentage” means ten percent (10%) of the total number of Ordinary Shares then
outstanding, which shall be calculated without taking into account (a) any Securities issued after the date of this Agreement pursuant to a New Issuance Exception or (b) (i) any Securities issued after the date of this Agreement that
are not Ordinary Shares or (ii) any Ordinary Shares issued upon the conversion, exchange or exercise of such Securities; 
 “New
Issuance Exceptions” means the following new issuances of Securities of the Company: 
 (a) issuances of Securities to employees and
other eligible recipients in the ordinary course of business pursuant to the Company’s equity-based incentive plans approved by the Shareholders and the Board and in effect from time to time; 

(b) issuances of Securities as consideration to be paid in acquisitions by the Company or any of its Subsidiaries of businesses, equity
securities or assets of a third party (including acquisitions of content) in an aggregate amount up to (i) eight percent (8%) of the Ordinary Shares on a fully-diluted basis (as calculated as of the date of Closing) in total during the four
(4) year period following the Closing, or (ii)(x) four percent (4%) of the Ordinary Shares on a fully-diluted basis (as calculated as of the date of Closing) in any single twelve (12) month period during the four (4) year period
following the Closing or (y) two percent (2%) of the Ordinary Shares on a fully-diluted basis (as calculated as of the date of Closing) in any single twelve (12) month period after the fourth (4th) anniversary of the Closing provided
that in connection with any such issuance under this paragraph (b), the Company shall deliver to the Investor a notice setting forth the number of Securities to be issued in such issuance, the aggregate number of securities issued during the
relevant period, the number of the outstanding Ordinary Shares on a fully-diluted basis as of the date of such issuance and the percentage of outstanding Ordinary Shares represented by such issuance, and provided, further, for the avoidance
of doubt, in the event that the Company issues any Securities as consideration to be paid in acquisitions by the Company or any of its Subsidiaries in excess of any limit set forth in subsections (ii)(x) or (ii)(y) above, such issuance shall be
subject to preemptive rights of the Investor under the Investor Rights Agreement and included in the calculation of Minimum Ownership Percentage under this Agreement only to the extent that such issuance exceeds the relevant percentage limits set
forth above; 

  
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 (c) issuances of Securities pursuant to outstanding options, warrants or other rights to acquire
Ordinary Shares, in each case, specified in Exhibit B of the Investment Agreement; and 
 (d) issuances of Securities in
connection with any shareholder rights plan adopted by the Company; 
 “Non-ROFO Sale” has the meaning set forth in
Section 3.3(d); 
 “Non-ROFO Sale Notice” has the meaning set forth in Section 3.3(d); 

“NYSE” means the New York Stock Exchange; 

“Offer Price” has the meaning set forth in Section 3.1(a); 

“Offered Shares” means (a) in the case of an Investor ROFO, the Investor ROFO Shares and (b) in the case of a 1Verge
ROFO, the 1Verge ROFO Shares; 
 “Options” has the meaning set forth in Section 4.1(b); 

“Ordinary Shares” mean the Class A Shares and the Class B Shares, collectively; 

“Permitted Transferee” means (i) with respect to the Investor, any of AGHL, YF Fund, any Controlled Affiliate of the
Investor, any Controlled Affiliate of AGHL and any Affiliate of YF Fund and (ii) with respect to any 1Verge Group Member, any Controlled Affiliate of such 1Verge Group Member; 

“Person” means any individual, partnership, corporation, association, joint stock company, trust, joint venture, limited
liability company, organization, entity or Governmental Authority; 
 “Privately Negotiated Sale” means a privately
negotiated transaction for the Sale or Transfer of Ordinary Shares or 1Verge Shares effected directly between the transferee and the transferor, or indirectly through a broker or by crossing orders on a securities exchange or otherwise; 

“Proposal Notice” has the meaning set forth in Section 3.1(a); 

“Prospective Seller” means (a) in the case of an Investor ROFO, any 1Verge Group Member, and (b) in the case of a
1Verge ROFO, the Investor; 
 “Public Sale” means a “brokers’ transaction” (as defined in Rule 144
promulgated under the Securities Act (or any successor provision)); 
 “Remaining Shares” has the meaning set forth in
Section 3.3(d); 

  
 6 

 “ROFO Holder” means (a) in the case of an Investor ROFO, the Investor, and
(b) in the case of a 1Verge ROFO, 1Verge; 
 “Sale” means, in respect of any securities, any sale, assignment or
transfer of such securities by the holder thereof, which shall be deemed to include any sale, assignment or transfer of the securities (or the issuance of any new securities) of such holder, the Investor or any 1Verge Group Member, provided,
however, that a Transfer (including by operation of Law) of the ownership interests of Chengwei Evergreen Management, LLC, the limited partner interests of the Chengwei Funds, any securities of AIL or any securities of any holders of
securities of AIL, or any ownership interests of the YF Fund or any conversion of Class B Shares to Class A Shares as provided under the Memorandum and Articles (other than as a result of a Transfer of Class B Shares), in each case,
in and of itself, shall not constitute a “Sale”; and provided, further, that for the avoidance of doubt, any distribution or transfer of Ordinary Shares or 1Verge Shares to the limited partners of Chengwei Funds by any Chengwei Fund
shall be deemed a “Sale”; 
 “Securities” means any Ordinary Shares or any equity interest of, or shares of any
class in the share capital (ordinary, preferred or otherwise) of, the Company and any convertible securities, options, warrants and any other type of equity or equity-linked securities convertible, exercisable or exchangeable for any such equity
interest or shares of any class in the share capital of the Company; 
 “Securities Act” means the U.S. Securities Act of
1933, as amended, and the rules and regulations promulgated thereunder; 
 “Shareholder” or
“Shareholders” means Persons who hold the Ordinary Shares from time to time; 
 “Specified Company Change of Control
Transaction” has the meaning set forth in Section 3.3(e); 
 “Specified Person” means, with respect to the
Investor ROFO Shares, up to one (1) Person as specified in writing to 1Verge by the Investor from time to time or any additional Persons upon mutual agreement by the Investor and 1Verge, and with respect to 1Verge ROFO Shares, up to one
(1) Person as specified in writing to the Investor by 1Verge from time to time or any additional Persons upon mutual agreement by the Investor and 1Verge; provided that any such written notice by 1Verge or the Investor, as the case may
be, shall become effective from and after the thirtieth (30th ) day after such notice is provided (unless the Investor and 1Verge mutually agree to a shorter effectiveness period);
provided, further, that in the event the ROFO Holder receives a Proposal Notice prior to delivering such written instruction to change the Specified Person and, following delivery of such Proposal Notice, the Prospective Seller
proceeds with a Non-ROFO Sale in accordance with Section 3.3(d) hereof, then, in addition to the 30-day period specified above, such change to the Specified Person shall not become effective until the earlier of (a) the first date
following the date of the consummation of such Non-ROFO Sale and (ii) the expiration of the Prospective Seller’s ability to effect such Non-ROFO Sale without delivering a Proposal Notice to such ROFO Holder in accordance with
Section 3.3(d) hereof; 

  
 7 

 “Subsidiary” of any Person means any corporation, partnership, limited liability
company, joint stock company, joint venture or other organization or entity, whether incorporated or unincorporated, which is Controlled by such Person. For the avoidance of doubt, the Subsidiaries of any Person shall include any variable
interest entity over which such Person or any of its Subsidiaries effects Control pursuant to contractual arrangements and which is consolidated with such Person in accordance with generally accepted accounting principles applicable to such Person;

 “Tag-Along Buyer” has the meaning set forth in Section 3.4(a); 

“Tag-Along Exercise Period” has the meaning set forth in Section 3.4(b); 

“Tag-Along Notice” has the meaning set forth in Section 3.4(b); 

“Tag-Along Sale” has the meaning set forth in Section 3.4(a); 

“Third Party” means any Person that is not the Investor, a 1Verge Group Member or a Permitted Transferee of the Investor or a
1Verge Group Member; 
 “Trading Day” means any day on which the stock exchange on which the ADSs are then listed and traded
is open for trading in securities; 
 “Transfer” means, directly or indirectly, to sell, assign, transfer, pledge,
hypothecate, mortgage, encumber or otherwise dispose, through one or a series of transactions, all or any portion of any securities or any economic interest therein (including without limitation by means of any participation or swap transaction) to
any Person; 
 “Transferred Ordinary Shares” means any Ordinary Shares Transferred by 1Verge to any 1Verge Group Member
(other than 1Verge) or Permitted Transferee of any 1Verge Group Member; 
 “Transaction Documents” mean this Agreement and
each of the other agreements and documents entered into or delivered by the parties hereto or their respective Affiliates in connection with the transactions contemplated by this Agreement, including the Investment Agreement and the Investor Rights
Agreement; 
 “Voting Rights Changes” means any amendment to the Memorandum and Articles that would (a) modify or
eliminate the automatic conversion of the Class B Shares into Class A Shares upon any Transfer of such Class B Shares by a holder thereof to any Person which is not an Affiliate of such holder or (b) modify in any respect the
voting rights of any existing Securities or create a new class of Securities which is entitled to more votes per share than the Class A Shares; 

“Voting Securities” means the Ordinary Shares and any other Securities which are entitled to vote in any meeting of
Shareholders of the Company or grant a consent or approval with respect to any matter over which a consent or approval of the holder of voting securities is sought; and 

  
 8 

 “YF Fund” has the meaning set forth in the Preamble. 

Section 1.2 Interpretation and Rules of Construction. In this Agreement, except to the extent otherwise provided or
that the context otherwise requires: 
 (a) when a reference is made in this Agreement to an Article or Section, such reference is to an
Article or Section of this Agreement; 
 (b) the headings for this Agreement are for reference purposes only and do not affect in
any way the meaning or interpretation of this Agreement; 
 (c) the words “hereof,” “herein” and “hereunder”
and words of similar import, when used in this Agreement, refer to this Agreement as a whole and not to any particular provision of this Agreement; 

(d) all terms defined in this Agreement have the defined meanings when used in any certificate or other document made or delivered pursuant
hereto, unless otherwise defined therein; 
 (e) the definitions contained in this Agreement are applicable to the singular as well as the
plural forms of such terms; 
 (f) references to a Person are also to its successors and permitted assigns; and 

(g) the use of the term “or” is not intended to be exclusive. 

ARTICLE II 
 VOTING
RESTRICTIONS 
 Section 2.1 Shareholder Voting Restrictions. For so long as the Investor (together with any of its
Affiliates and Permitted Transferees) beneficially owns a number of Class A Shares that, in aggregate, is equal to at least (i) seventy-five percent (75%) of the Ordinary Shares purchased by the Investor at the Closing under the
Investment Agreement (the “Investor Shares”) (as appropriately adjusted for share splits, reverse share splits, share dividends, share consolidations, recapitalizations and the like) and (ii) the Minimum Ownership Percentage,
without the prior written consent of the Investor, each 1Verge Group Member hereby undertakes not to, and each 1Verge Group Member shall cause its Controlled Affiliates not to, vote or execute consents with respect to any Voting Securities held (of
record or through a brokerage firm or other nominee arrangement) or beneficially owned by such 1Verge Group Member or its Controlled Affiliates, or take any other actions to: 

(a) remove any Investor Director from the Board, or seek to call or requisition any meeting of Shareholders of the Company or any written
consent of the Shareholders of the Company for the purpose of removing any Investor Director, in each case, unless the 1Verge Group is directed to do so by the Investor in writing; 

(b) approve any Voting Rights Changes; or 

  
 9 

 (c) increase the size of the Board to be comprised of more than nine (9) Directors. 

Section 2.2 Director Votes. For so long as the Investor (together with any of its Affiliates and Permitted Transferees)
beneficially owns a number of Class A Shares that, in aggregate, is equal to at least (i) seventy-five percent (75%) of the Investor Shares (as appropriately adjusted for share splits, reverse share splits, share dividends, share
consolidations, recapitalizations and the like) and (ii) the Minimum Ownership Percentage, without the prior written consent of the Investor, each 1Verge Group Member hereby undertakes not to, and each 1Verge Group Member shall cause its
Controlled Affiliates not to, cause the Directors appointed or nominated by such 1Verge Group Member or such Controlled Affiliate to vote or execute consents, or take any other actions to: 

(a) remove any Investor Director from the Board, or seek to call or requisition any meeting of the Board or any written consent of the
Directors for the purpose of removing any Investor Director, in each case, unless the 1Verge Group is directed to do so by the Investor in writing; 

(b) approve any Voting Rights Changes; or 

(c) increase the size of the Board to be comprised of more than nine (9) Directors. 

Section 2.3 No Conflicting Proxies or Other Agreements. The 1Verge Group Member shall not, and each 1Verge Group Member
shall cause its Controlled Affiliates not to, (a) enter into any contract, agreement or other instrument, voting agreement, voting trust or similar agreement, (b) grant any proxy, consent or power of attorney or (c) otherwise take any
other action, in each case, that would have the effect of requiring, causing or permitting any 1Verge Group Member or any of its Controlled Affiliates, or any Directors nominated or appointed by any 1Verge Group Member or any of its Controlled
Affiliates, to vote or execute any consent in a manner that would breach the provisions of Section 2.1 or Section 2.2. 

ARTICLE III 
 RIGHT OF
FIRST OFFER AND TAG-ALONG RIGHT 
 Section 3.1 Investor Right of First Offer. For so long as the Investor (together
with any Affiliates and Permitted Transferees) beneficially owns a number of Class A Shares that, in aggregate, is equal to at least (i) eighty percent (80%) of the Investor Shares (as appropriately adjusted for share splits, reverse
share splits, share dividends, share consolidations, recapitalizations and the like), and (ii) the Minimum Ownership Percentage, if at any time: 

(a) any 1Verge Group Member (other than 1Verge) or Permitted Transferee of any 1Verge Group Member desires to (i) effect a Sale of all or
any portion of the 1Verge Shares it owns or holds, directly or indirectly (including through a sale of 1Look Shares), to a Third Party or Third Parties (including any transfer by operation of Law, merger, recapitalization, reorganization or other
similar transaction involving 1Look), (ii) cause 1Verge to issue any 1Verge Shares to a Third Party or Third Parties or (iii) cause 1Look to issue any 1Look Shares to a Third Party or Third Parties, such 1Verge Group Member shall deliver a
written notice (an “Proposal Notice”) to the Investor, which notice shall set forth all of the material terms and conditions of such proposed Sale or issuance, which must include the proposed number and type of 1Verge Shares or
1Look Shares to be sold or issued and the proposed purchase price per security (“Offer Price”) and any proposed rights, restrictions and governance arrangements that would be applicable to the securities to be transferred or issued
and the holder thereof, on the basis of which such 1Verge Group Member offers to sell or issue such securities, and, in the case of a proposed Sale or issuance of 1Verge Shares, a copy of the then current 1Verge Constitutional Documents, including
all amendments thereto, and copies of any agreement among the shareholders of 1Verge with respect to the ownership, voting or disposition of 1Verge Shares and the ownership structure of 1Verge; or 

  
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 (b) (i) 1Verge desires to (A) effect a Sale of all or any portion of the Ordinary
Shares it owns or holds (other than Excluded Investor ROFO Shares) to a Third Party or Third Parties (including any transfer by operation of Law, merger, recapitalization, reorganization or other similar transaction involving 1Verge) or
(B) cause a Company Change of Control Transaction or (ii) subject to Section 3.1(c), any 1Verge Group Member (other than 1Verge) or Permitted Transferee of any 1Verge Group Member desires to effect a Sale of all or any portion of
Transferred Ordinary Shares it owns or holds, directly or indirectly (including through a sale of 1Look Shares), to a Third Party or Third Parties (including any transfer by operation of Law, merger, recapitalization, reorganization or other similar
transaction involving 1Look), 1Verge or such 1Verge Group Member or Permitted Transferee, as applicable, shall deliver a Proposal Notice to the Investor, which notice shall set forth all of the material terms and conditions of such proposed Sale,
which must include the proposed number of Ordinary Shares to be sold to such Third Party or Third Parties and the corresponding number of 1Verge Shares that may be sold to the Investor (which shall be determined on a “look-through” basis)
upon an exercise of the Investor’s rights hereunder (and the Investor shall have the right to elect (to be specified in the Exercise Notice) whether to purchase Ordinary Shares proposed to be sold pursuant to such Proposal Notice or the
corresponding number of 1Verge Shares), the Offer Price per Ordinary Share and per 1Verge Share (which shall be determined on a “look-through” basis), respectively, and any proposed rights, restrictions and governance arrangements that
would be applicable to 1Verge Shares that may be transferred or issued to the Investor upon an exercise of the Investor’s rights hereunder, on the basis of which 1Verge or such 1Verge Group Member or Permitted Transferee, as applicable, offers
to sell such Ordinary Shares or 1Verge Shares to the Investor; 
 each of the foregoing, an “Investor ROFO” and in each
case, the 1Verge Shares, 1Look Shares or Ordinary Shares to be sold or issued, the “Investor ROFO Shares”. 
 (c)
Notwithstanding anything to the contrary in this Agreement, the Investor ROFO shall not apply to any sale, assignment or transfer of any Class A Shares that are held directly or indirectly by any of the Chengwei Funds or their Permitted
Transferees (including Class A Shares that are issued as a result of the conversion of Class B Shares that are held directly or indirectly by any of the Chengwei Funds or their Permitted Transferees or that are indirectly owned through
1Verge by the Chengwei Funds or their Permitted Transferees) (such Class A Shares, “Excluded Investor ROFO Shares”), provided, that, such Class A Shares shall only be deemed Excluded Investor ROFO Shares and shall
not be subject to the Investor ROFO in Section 3.1(a) or Section 3.1(b) if (i) in the event of a conversion of any Class B Shares to Class A Shares or any transaction which has or will have the effect of converting
Class B Shares to Class A Shares, the Chengwei Funds have provided to the Investor at least fifteen (15) days’ prior written notice of such conversion or transaction (which written notice shall set forth the proposed date of such
conversion or transaction and, if applicable, the material terms and conditions of such transaction), and (ii) such Class A Shares are not knowingly sold, assigned or transferred (or proposed to be sold, assigned or transferred) by such
Chengwei Fund or its Permitted Transferee to a Specified Person. 

  
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 Section 3.2 1Verge Right of First Offer. If at any time after the Closing:

 (a) the Investor desires to effect a Sale of all or any portion of the Investor Shares it owns or holds to a Third Party or Third Parties
(including any transfer of Investor Shares by operation of Law, merger, recapitalization, reorganization or other similar transaction involving the Investor), subject to Section 3.2(c), the Investor shall deliver a Proposal Notice to 1Verge,
which notice shall set forth all of the material terms and conditions of such proposed Sale, which must include the proposed number of Investor Shares subject to such Sale and the Offer Price on which the Investor offers to sell the Investor Shares
to 1Verge; or 
 (b) (i) any shareholder of the Investor or Permitted Transferee of the Investor desires to effect a Sale of all or any
portion of securities of the Investor it owns or holds to a Third Party or Third Parties or (ii) the Investor desires to issue any securities of the Investor to a Third Party or Third Parties, subject to Section 3.2(c), the Investor shall
deliver a Proposal Notice to 1Verge, which notice shall set forth all of the material terms and conditions of such proposed Sale or issuance, which must include the proposed number and type of securities of Investor to be sold or issued to such
Third Party or Third Parties and the corresponding number of Ordinary Shares to be sold to 1Verge (which shall be determined on a “look-through” basis) upon an exercise of 1Verge’s rights hereunder, the Offer Price per Ordinary Share
(which shall be determined on a “look-through” basis) and per security of Investor, respectively, on the basis of which the Investor offers to sell such Ordinary Shares to 1Verge; 

each, a “1Verge ROFO” and in each case, the Investor Shares or Ordinary Shares to be sold, the “1Verge ROFO
Shares”. 
 (c) Notwithstanding anything to the contrary in this Agreement, as of each date on which any Ordinary Shares owned or
held by 1Verge as of the Closing Date (after giving effect to the Closing) (“1Verge Closing Ordinary Shares”) become Excluded Investor ROFO Shares pursuant to Section 3.1(c), unless otherwise elected in writing by the Investor
in connection with any proposed Sale otherwise subject to Section 3.2(a) or 3.2(b), the aggregate number of Investor Shares or Ordinary Shares to be sold, as applicable, that constitute 1Verge ROFO Shares and are subject to the 1Verge ROFO
pursuant to this Section 3.2 shall be reduced to an aggregate number equal to the product of (i) the total number of Investor Shares or Ordinary Shares, as applicable, outstanding as the Closing Date, multiplied by (ii) a fraction the
numerator of which shall be the aggregate number of Excluded Investor ROFO Shares as of such date (including Ordinary Shares that became Excluded Investor ROFO Shares prior to such date) and the denominator of which shall be the aggregate number of
1Verge Closing Ordinary Shares. Accordingly, notwithstanding the foregoing provisions of this Section 3.2, from and after each date on which any 1Verge Closing Ordinary Shares become Excluded Investor ROFO Shares, the Investor shall be
permitted to effect a Sale of any and all Investor Shares or Ordinary Shares that ceased to constitute 1Verge ROFO Shares pursuant to this Section 3.2(c) without any obligation to comply with any of the provisions contained in
Section 3.2(a) or (b) or in Section 3.3. 

  
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 Section 3.3 Procedures of the Investor ROFO and the 1Verge ROFO. The
provisions set forth in this Section 3.3 shall apply in respect of each Investor ROFO and each 1Verge ROFO. 
 (a) The receipt of a
Proposal Notice by a ROFO Holder shall constitute an exclusive offer by a Prospective Seller to sell to such ROFO Holder all (but not less than all) of the Offered Shares at the Offer Price and on the material terms and conditions specified in the
Proposal Notice. Such offer shall remain open and irrevocable until the expiration of a specified period of time after receipt of such Proposal Notice by the ROFO Holder (the “Exercise Period”) which period shall be
(i) five (5) Trading Days in the case of 1Verge ROFO Shares proposed to be sold, (ii) five (5) Trading Days in the case of Investor ROFO Shares proposed to be sold which are Ordinary Shares, unless any proposed sale of Investor
ROFO Shares which are Ordinary Shares would constitute a Tag-Along Sale, in which case, ten (10) Trading Days or (iii) thirty (30) calendar days in the case of Investor ROFO Shares proposed to be sold which are 1Verge Shares or 1Look
Shares. At any time prior to the expiration of the Exercise Period, the ROFO Holder shall have the right to accept the Prospective Seller’s offer as to all (but not less than all) of the Offered Shares by giving a written notice of
election (the “Exercise Notice”) to the Prospective Seller. 
 (b) If the ROFO Holder accepts the Prospective Seller’s
offer in accordance with Section 3.3(a) above, each of the ROFO Holder and the Prospective Seller (i) shall use its reasonable best efforts to, as promptly as practicable, agree in good faith and enter into definitive documentation
reflecting the terms set forth in the Proposal Notice and any other terms mutually agreed by the ROFO Holder and the Prospective Seller and (ii) shall consummate such Sale of Offered Shares to the ROFO Holder on or prior to a date not later
than thirty (30) days after the expiration of the Exercise Period, or in the case of a Sale of 1Verge Shares, on or prior to a date not later than sixty (60) days after the expiration of the Exercise Period, in each case, subject to
additional extension solely to extent necessary to obtain any required regulatory approvals or approval of the shareholders of the Prospective Seller, the ROFO Holder or the Company required to consummate such Sale. The price per share to be
paid by the ROFO Holder shall be the Offer Price specified in the Offer Notice, payable in accordance with the terms of the Proposal Notice. 

(c) At the consummation of such Sale, (i) the Prospective Seller shall, against delivery by the ROFO Holder of the Offer Price multiplied
by the number of Offered Shares being purchased by the ROFO Holder, deliver to the ROFO Holder certificates evidencing the Offered Shares being sold, duly endorsed in blank or accompanied by written instruments of transfer in form reasonably
satisfactory to the ROFO Holder duly executed by the Prospective Seller, free and clear of any and all Encumbrances other than as provided in this Agreement, the Memorandum and Articles and any restrictions under applicable securities Laws; and
(ii) the Prospective Seller shall procure that upon transfer of such Offered Shares to the ROFO Holder and payment therefor in accordance with this Agreement, the ROFO Holder will acquire such Offered Shares free and clear of all Encumbrances,
and there will be no agreement, arrangement or obligation to create or give any Encumbrances in relation to any Offered Shares, in each case, other than this Agreement, the other Transaction Documents or as provided in the Investment Documents, the
Memorandum and Articles or any restrictions under applicable securities Laws. 

  
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 (d) In the event that (i) the ROFO Holder shall have received a Proposal Notice from a
Prospective Seller, but the Prospective Seller shall not have received an Exercise Notice indicating the ROFO Holder’s desire to purchase, in the aggregate, all the Offered Shares at a price that is at least equal to the Offer Price and on
substantially the same terms and conditions set forth in the Offer Notice, prior to the expiration of the Exercise Period, or (ii) the ROFO Holder shall have given an Exercise Notice to the Prospective Seller but shall have failed to consummate
(other than as a result of a breach or fault of the Prospective Seller or termination of definitive documentation with the ROFO Holder) a purchase of all of the Offered within the time period permitted under Section 3.3(b), the Prospective
Seller shall thereafter be entitled to effect a Sale to one or more Third Parties (a “Non-ROFO Sale”), in the case of Section 3.3(d)(i), of all (but not less than all) of the Offered Shares and/or, in the case of
Section 3.3(d)(ii), of all Offered Shares elected for purchase in the Exercise Notice but the purchase of which the ROFO Holder so failed to consummate (other than as a result of a breach or fault of the Prospective Seller) (the
“Remaining Shares”) within the applicable time period set forth below after delivering to the ROFO Holder a written notice of the Non-ROFO Sale that shall include a description of the Non-ROFO Sale and a summary of the material
terms and conditions thereof (which must include the number and type of Offered Shares to be sold or transferred and the purchase price per Offered Share and each of the other terms and conditions included in the Proposal Notice) (a
“Non-ROFO Sale Notice”); provided that: (i) the total number of Offered Shares to be sold by the Prospective Seller to any one or more Third Parties shall be the same as the number of Remaining Shares; (ii) all of
the Offered Shares that are sold or otherwise disposed of by the Prospective Seller pursuant to this paragraph (d) are sold (1)(x) for a Non-ROFO Sale of Ordinary Shares by 1Verge or the Investor by way of a Public Sale, within six
(6) months, (y) for a Non-ROFO Sale of Ordinary Shares by 1Verge by way of a Privately Negotiated Transaction, within three (3) months, and (z) for a Non-ROFO Sale of 1Verge Shares or 1Verge ROFO Shares, within four
(4) months (subject to extension solely to extent necessary to obtain any required regulatory approvals or Shareholder approval required to consummate such Sale), in each case, after the expiration of the Offer Period, (2) at an amount not
less than the Offer Price (on a per share basis) included in such Offer Notice, and (3) on terms and conditions no more favorable to the prospective transferee than those specified in such Offer Notice; (iii) if such sale was effected
through a Privately Negotiated Sale, the Prospective Seller delivers a written notice to the ROFO Holder of the identity of such Third Part(ies) (and any Controlling shareholders thereof); and (iv) if such sale was effected through a Privately
Negotiated Sale and any Third Party to which the Investor ROFO Shares or the 1Verge ROFO Shares are proposed to be sold is a Specified Person, such Third Party shall have executed and delivered to the Investor and the 1Verge Group Members a deed of
adherence to this Agreement pursuant to which such Third Part(ies) shall become a party to this Agreement and shall be entitled to and bound by all of the rights, terms, conditions, restrictions and obligations applicable to a 1Verge Group Member
(if the Prospective Seller is a 1Verge Group Member) or the Investor (if the Prospective Seller is the Investor or a shareholder thereof) under this Agreement. In the event of any material amendment or change to the terms and conditions of the
Non-ROFO Sale (or any decrease in the proposed purchase price per Offered Share below that stated in the Non-ROFO Sale Notice), or in the event that the Prospective Seller has not consummated such Non-ROFO Sale within the applicable time period set
forth above, the Prospective Seller shall be required to deliver a new Proposal Notice to the ROFO Holder, and the parties shall otherwise comply with the terms of this Article III. 

  
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 (e) The parties hereby agree that, in the event that (i) the Company provides to the
Investor a valid Proposal Notice (as defined in the Investor Rights Agreement) in accordance with Section 3.1 of the Investor Rights Agreement (the “Company Proposal Notice”) in connection with a Company Change of Control
Transaction (or a proposal which could reasonably be expected to lead to a Company Change of Control Transaction), (ii) 1Verge has not provided to the Investor a Proposal Notice pursuant to Section 3.1(b) above, and (iii) the
Investor does not deliver an Exercise Notice (as defined in the Investor Rights Agreement) on or before the last day of the Exercise Period (as defined in the Investor Rights Agreement) in accordance with Section 3.2 of the Investor Rights
Agreement in respect of such Company Proposal Notice, 1Verge shall not be required to provide a Proposal Notice to the Investor pursuant to Section 3.1(b) above in respect of the Company Change of Control Transaction described in such
Company Proposal Notice (the “Specified Company Change of Control Transaction”); provided that (A) no other transactions that could give rise to an Investor ROFO under Section 3.1 are being proposed, approved,
agreed, recommended or consummated (other than such Specified Company Change of Control Transaction) by any 1Verge Group Member or the Company and (B) in connection with such Specified Company Change of Control Transaction, none of the 1Verge
Group Members are being offered or are entitled to any consideration, rights, preferences or other benefits or terms that are different than the consideration, rights, preferences and other benefits and terms to be provided, or are applicable, to
the public shareholders of the Company in such Specified Company Change of Control Transaction. 
 Section 3.4 Investor
Tag-Along Right. 
 (a) If at any time a 1Verge Group Member desires to effect a Non-ROFO Sale of (i) 1Verge Shares or 1Look Shares,
which, in each case, would result in a 1Verge Change of Control or (ii) Ordinary Shares that would represent more than fifty percent (50%) of the Ordinary Shares beneficially owned by the 1Verge Group, to one or more Third Parties
(collectively, the “Tag-Along Buyer”) (a “Tag-Along Sale”), the Investor shall have the right to require, as a condition to such Tag-Along Sale, that the Tag-Along Buyer purchase from the Investor and/or its
Affiliates, (x) in the case of a Tag-Along Sale of 1Verge Shares or 1Look Shares, at a price per Ordinary Share that is ten percent (10%) less than the implied price per Ordinary Shares that are being indirectly transferred through the
transfer or issuance of 1Verge Shares or 1Look Shares being sold in such Tag-Along Sale and (y) in the case of a Tag-Along Sale of Ordinary Shares, at the same price per Ordinary Share being sold in the Tag-Along Sale, and in each case,
otherwise on the same terms and conditions as provided in the Tag-Along Notice, up to all of the Investor Shares (as appropriately adjusted for share splits, reverse share splits, share dividends, share consolidations, recapitalizations and the
like) beneficially owned, directly or indirectly, by the Investor and/or its Affiliates and Permitted Transferees at that time. 
 (b) In the
event the Prospective Seller proposes to undertake a Tag-Along Sale, such Prospective Seller shall give the Investor written notice of such intention and the price per security and material terms and conditions upon which the Prospective Seller
proposes to undertake such Tag-Along Sale (the “Tag-Along Notice”). The Investor shall have (i) in the case of a Tag-Along Sale of 1Verge Shares or 1Look Shares, thirty (30) calendar days and (ii) in the case of
a Tag-Along Sale of Ordinary Shares, ten (10) Trading Days, from the date of the Tag-Along Notice (the “Tag-Along Exercise Period”) to exercise its right under this Section 3.4 by giving written notice to the Prospective
Seller of its election to exercise its right to participate in such Tag-Along Sale pursuant to this Section 3.4. If the Investor has not delivered to the Prospective Seller written notice of its election to exercise its right pursuant to
this Section 3.4 on or before the last day of the Tag-Along Exercise Period, the Investor shall be deemed to have rejected the offer to participate in the Tag-Along Sale. 

  
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 (c) If the Investor elects to participate in a Tag-Along Sale pursuant to this Section 3.4,
any conditions, escrow agreements and other provisions and agreements relating to such Tag-Along Sale as are applicable to the sale of securities by the Prospective Seller in such Tag-Along Sale shall apply to the sale of Investor Shares by the
Investor in such Tag-Along Sale, provided that the Investor shall not (A) be liable for any matters that relate to any other seller or party in such Tag-Along Sale (other than any of its Affiliates), (B) be required to provide any
representations, warranties or indemnities that relate to any matters other than with respect to the organization and ability to consummate such Tag-Along Sale of the Investor and any of its Affiliates, as applicable, non-contravention and no
conflicts with respect to the Tag-Along Sale and title to shares being sold by the Investor and any of its Affiliates, as applicable, (C) be required to agree that the Investor, AGHL, YF Fund or any of their respective Affiliates shall become
subject to any non-competition, non-solicitation or similar agreement, or (D) have any liability with respect to any indemnification or other obligations related to such Tag-Along Sale that would be joint and several with any other person
(other than an Affiliate of the Investor) or would involve any potential liability that would exceed the consideration to be received by the Investor in such Tag-Along Sale. At the closing of the Tag-Along Sale, the Investor Shares to be
transferred by the Investor in the Tag-Along Sale shall be free and clear of any and all Encumbrances other than as provided in the Transaction Documents, the Investment Documents, the Memorandum and Articles and any restrictions under applicable
securities Laws. 
 (d) 1Verge hereby agrees that it shall not give effect to any purported Sale of 1Verge Shares by the Prospective Seller
which would constitute a Tag-Along Sale that does not comply with the provisions of this Section 3.4, and 1Verge will not record any such Sale on its books or treat any purported transferee of such 1Verge Shares in any such Sale as the legal or
beneficial owner of any such 1Verge Shares for any purpose. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Section 4.1 Representations and Warranties of the 1Verge Group. Each 1Verge Group Member hereby severally and not
jointly represents and warrants to the Investor as follows: 
 (a) Capacity; Authorization; Validity of Agreement; Necessary Action.
Such 1Verge Group Member (if not a natural person) (i) is duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction in which such 1Verge Group Member is organized or formed (in the case of good standing,
to the extent the concept is recognized by such jurisdiction). Such 1Verge Group Member has the legal capacity and authority (including, if applicable, corporate, limited partnership, trust or other organizational power, as applicable) to execute
and deliver this Agreement and perform such 1Verge Group Member’s obligations hereunder and to consummate the transactions contemplated by this Agreement. This Agreement has been duly executed and delivered by such 1Verge Group Member and,
assuming this Agreement constitutes a valid and binding obligation of the Investor, constitutes a legal, valid and binding agreement of such 1Verge Group Member enforceable against such 1Verge Group Member in accordance with its terms, subject to
bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles (the “Bankruptcy and Equity
Exception”). 

  
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 (b) Ownership. Except as otherwise indicated on Schedule A hereto, as of the date
of this Agreement and as of the Closing Date, such 1Verge Group Member is the sole beneficial owner of and has good and valid title to the Ordinary Shares listed across from its name in Schedule A hereto, free and clear of any Encumbrance,
other than any Encumbrance pursuant to this Agreement, any Encumbrance which would not prevent such 1Verge Group Member from timely performing in any material respect its obligations hereunder or arising under the Memorandum and Articles and
transfer restrictions imposed by generally applicable securities Laws. As of the date of this Agreement and as of the Closing Date, subject to the last sentence of this Section 4.1(b), such 1Verge Group Member’s Existing Shares listed
across from its name in Schedule A hereto constitute all of the Ordinary Shares and ADSs of the Company (and any other options or other securities convertible, exercisable or exchangeable into or for any Ordinary Shares and ADSs of the
Company (“Options”)) beneficially owned or owned of record by such 1Verge Group Member. Except as otherwise indicated on Schedule A, such 1Verge Group Member has not granted any proxy inconsistent with this Agreement that is
still effective and, except as otherwise indicated on Schedule A or Schedule B, has not entered into any voting or similar agreement other than this Agreement, in each case with respect to any of such 1Verge Group Member’s Existing Shares. As
of the date of this Agreement and as of the Closing Date, each 1Verge Group Member owns the Options and Restricted Share Units listed across from its name in Schedule A hereto. 

(c) Non-Contravention; No Conflicts. Except as would not, individually or in the aggregate, be expected to be materially adverse to the
ability of such 1Verge Group Member to timely perform any of its obligations hereunder in any material respect, (i) no filing or notice by such 1Verge Group Member with or to any Governmental Authority, and no authorization, consent, permit or
approval from any Governmental Authority or any other Person is necessary for the execution and delivery of this Agreement by such 1Verge Group Member or the performance by such 1Verge Group Member of such 1Verge Group Member’s obligations
herein, and (ii) the execution and delivery of this Agreement by such 1Verge Group Member does not, and the performance by such 1Verge Group Member of its obligations under this Agreement and the consummation by such 1Verge Group Member of the
transactions contemplated by this Agreement, will not (1) conflict with, or result in any violation or breach of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of, or result in, termination,
cancellation or acceleration of any obligation or loss of any material benefit under, or to increased, additional, accelerated or guaranteed rights or entitlements of any Person under, or result in the creation of any Encumbrance upon its assets or
properties under, any provision of (A) any contract, agreement or other instrument to which such 1Verge Group Member is party or by which any of its assets or properties is bound, (B) any charter or organizational documents of such 1Verge
Group Member or (C) any judgment, order, injunction, decree or Law applicable to such 1Verge Group Member or its assets or properties or (2) require any consent of, registration, declaration or filing with, notice to or permit from any
Governmental Authority. 

  
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 (d) No Inconsistent Agreements. Except for this Agreement, the 1Verge Constitutional
Documents and except as otherwise indicated on Schedule B hereto, such 1Verge Group Member has not: (i) entered into any contract, agreement or other instrument, voting agreement, voting trust or similar agreement with respect to any of
the Existing Shares (other than any such agreement that may be entered into after the date of this Agreement pursuant to a proposed transfer of any Existing Shares), (ii) granted any irrevocable proxy, consent or power of attorney with respect
to any of the Existing Shares or (iii) taken any action that would constitute a breach in any material respect hereof, make any representation or warranty of such 1Verge Group Member set forth in this Article IV untrue or incorrect in any
material respect or have the effect of preventing or disabling such 1Verge Group Member from performing in any material respect any of its obligations under this Agreement. Such 1Verge Group Member understands and acknowledges that the Investor is
entering into the Investment Agreement in reliance upon the execution and delivery of this Agreement by such 1Verge Group Member and the representations, warranties, covenants and other agreements of such 1Verge Group Member contained herein. 

(e) No Action. As of the date of this Agreement, there are no proceedings, claims, actions, suits or governmental or regulatory
investigations pending or, to the knowledge of such 1Verge Group Member threatened against such 1Verge Group Member that could reasonably be expected to impair the ability of such 1Verge Group Member to timely perform in all material respects its
obligations hereunder or to consummate the transactions contemplated hereby on a timely basis. 
 Section 4.2 Representations
and Warranties of the Investor. The Investor represents and warrants to the 1Verge Group as follows: 
 (a) Capacity;
Authorization; Validity of Agreement; Necessary Action. The Investor is duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction in which the Investor is organized or formed (in the case of good
standing, to the extent the concept is recognized by such jurisdiction). The Investor has the legal capacity and authority (including corporate, limited partnership, trust or other organizational power, as applicable) to execute and deliver
this Agreement and perform the Investor’s obligations hereunder and to consummate the transactions contemplated by this Agreement. This Agreement has been duly executed and delivered by the Investor and, assuming this Agreement constitutes a
valid and binding obligation of the 1Verge Group Members, constitutes a legal, valid and binding agreement of the Investor enforceable against the Investor in accordance with its terms, subject to the Bankruptcy and Equity Exception. 

  
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 (b) Non-Contravention; No Conflicts. Except as would not, individually or in the
aggregate, be expected to be materially adverse to the ability of the Investor to timely perform any of its obligations hereunder in any material respect, (i) no filing or notice by the Investor with or to any Governmental Authority, and no
authorization, consent, permit or approval from any Governmental Authority or any other Person is necessary for the execution and delivery of this Agreement by the Investor or the performance by the Investor of the Investor’s obligations herein
and (ii) the execution and delivery of this Agreement by the Investor does not, and the performance by the Investor of its obligations under this Agreement and the consummation by the Investor of the transactions contemplated by this Agreement,
will not (1) conflict with, or result in any violation or breach of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation or
loss of any material benefit under, or to increased, additional, accelerated or guaranteed rights or entitlements of any Person under, or result in the creation of any Encumbrance upon its assets or properties under, any provision of (A) any
contract, agreement or other instrument to which the Investor is party or by which any of its assets or properties is bound, (B) any charter or organizational documents of the Investor or (C) any judgment, order, injunction, decree or Law
applicable to the Investor or its assets or properties or (2) require any consent of, registration, declaration or filing with, notice to or permit from any Governmental Authority. 

(c) No Action. As of the date of this Agreement, there are no proceedings, claims, actions, suits or governmental or regulatory
investigations pending or, to the knowledge of the Investor, threatened against the Investor that could reasonably be expected to impair the ability of the Investor to timely perform in all material respects its obligations hereunder or to
consummate the transactions contemplated hereby on a timely basis. 
 ARTICLE V 

OWNERSHIP OF 1VERGE; NO OTHER AGREEMENTS 

Section 5.1 Representations and Warranties Regarding 1Verge. Each 1Verge Group Member hereby severally and not jointly
represents and warrants to the Investor that: (a) 1Verge is duly organized, validly existing and in good standing under the laws of the British Virgin Islands, (b) from and after the Closing Date, 1Verge does not hold any assets other than
the Ordinary Shares indicated on Schedule C hereto and is not engaged in any business or activity other than those incidental to the holding and disposition of such Ordinary Shares; (c) except as otherwise indicated on Schedule C
hereto, as of the date of this Agreement and as of the Closing Date, such 1Verge Group Member is the sole beneficial owner of and has good and valid title to the 1Verge Shares listed across from its name in Schedule C hereto, free and clear
of any Encumbrance, other than any Encumbrance pursuant to this Agreement, the 1Verge Constitutional Documents, any agreements indicated on Schedule B or any restrictions under applicable securities Laws; (d) as of the date of this Agreement
and as of the Closing Date, such 1Verge Group Member’s Existing Shares listed across from its name in Schedule C hereto constitute all of the 1Verge Shares beneficially owned or owned of record by such 1Verge Group Member; (e) all
of the 1Verge Shares are entitled to an equal number of votes per 1Verge Share and entitled to the same economic and other rights, preferences and privileges; (f) the 1Verge Group has heretofore furnished or otherwise made available to the
Investor a complete and correct copy of the constitutional documents of 1Verge, as amended to date (the “1Verge Constitutional Documents”), which are in full force and effect; and (g) except as otherwise indicated on
Schedule B, other than this Agreement, there is no shareholders agreement, voting agreement or other arrangement with respect to the ownership, voting or disposition of 1Verge Shares or the ownership structure of 1Verge. 

  
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 Section 5.2 Covenants Regarding 1Verge. Each 1Verge Group Member hereby
covenants to the Investor that (a) it shall take all necessary or desirable actions such that the representations and warranties in Sections 5.1(d) shall remain true and correct, (b) following the Closing Date, it shall ensure that
1Verge does not engage in any business or activity other than holding and disposition of Ordinary Shares, and (c) it shall notify the Investor of any amendments to the 1Verge Constitutional Documents, shareholders agreement, voting agreement or
other arrangement among 1Verge Shareholders with respect to the ownership, voting or disposition of 1Verge Shares or the ownership structure of 1Verge. 

Section 5.3 Covenants Regarding Chengwei Funds. Each of the Chengwei Funds hereby covenants to the Investor that it
shall provide the Investor with written notice of the occurrence of any Chengwei Change of Control Event on or prior to the occurrence of such event. 

Section 5.4 Agreement with Third Parties. Each 1Verge Group Member hereby agrees that, in connection with any Privately
Negotiated Sale by it in which any Third Party would acquire Ordinary Shares or 1Verge Shares, it will not grant to such Third Party rights of first offer, tag-along rights, negative voting or consent rights, negative covenants regarding 1Verge or
other rights or preferences that are similar or superior to, or would conflict with or impair, those rights of the Investor under Articles II, III and VI hereof. 

ARTICLE VI 
 GENERAL
PROVISIONS 
 Section 6.1 Term. This Agreement shall be effective as of the date hereof and, unless expressly
provided otherwise herein, in addition to the other termination provisions in this Agreement, terminate, and have no further force and effect, upon the earliest of: (a) a written agreement to that effect, signed by all parties hereto,
(b) the date following the Closing on which the Investor (together with its Affiliates and Permitted Transferees) no longer holds a number of Class A Shares that, in aggregate, is equal to at least (i) seventy-five percent
(75%) of the Investor Shares (as appropriately adjusted for share splits, reverse share splits, share dividends, share consolidations, recapitalizations and the like), and (ii) the Minimum Ownership Percentage, (c) the termination of
the Investment Agreement in accordance with its terms or if the Closing does not occur within sixty (60) days from the date of this Agreement, and (d) upon any material change to the material terms of the Investment Agreement (including,
but not limited to, the purchase price per Investor Share and the number of Investor Shares to be issued thereunder) or the Investor Rights Agreement that has not been previously agreed to in writing by 1Verge. In addition, (1) upon the
occurrence of an Investor Change of Control, Article II and Investor’s right of first offer and tag-along right under Sections 3.1, 3.3 and 3.4 hereof shall terminate and have no further force and effect, and (2) upon the occurrence
of a 1Verge Change of Control, 1Verge’s right of first offer under Sections 3.2 and 3.3 hereof shall terminate and have no further force and effect. No termination of this Agreement shall affect the right of any party to recover damages
for any breach of representations, warranties or covenants herein that occurred prior to such termination. 

Section 6.2 Notices. Except as may be otherwise provided herein, any notices, consents, waivers or other communications
required or permitted to be given under the terms of this Agreement must be in writing and will be deemed to have been delivered: (a) upon receipt, when delivered personally; (b) upon receipt, when sent by facsimile (provided confirmation
of transmission is mechanically or electronically generated and kept on file by the sending party); or (c) one (1) Business Day after deposit with an internationally recognized overnight courier service; in each case properly addressed to
the party to receive the same. The addresses and facsimile numbers for such communications shall be: 

  
 20 

 If to the 1Verge Group, as set forth on Exhibit A: 

with a copy (for informational purposes only) to: 
  

			
	O’Melveny & Myers
	Address:	  	Two Embarcadero Center, 28th Floor
		  	San Francisco, CA, United States 94111
	Email:	  	pscrivano@omm.com
	Facsimile:	  	(1) 415-984-8701
	Attention:	  	Paul S. Scrivano

 If to the Investor: 
  

			
	Ali YK Investment Holding Limited
	Address:	  	c/o Taobao China Holding Limited
		  	26/F, Tower 1, Times Square
		  	1 Matheson Street, Causeway Bay, Hong Kong
	Facsimile:	  	(852) 2215-5200
	Attention:	  	Mr. Timothy A. Steinert, Esq.

 with a copy (for informational purposes only) to: 

 

			
	Simpson Thacher & Bartlett
	Address:	  	ICBC Tower, 35/F, 3 Garden Road
		  	Hong Kong
	Email:	  	ksudol@stblaw.com
	Facsimile:	  	(852) 2869-7694
	Attention:	  	Kathryn King Sudol, Esq.

 A party may change or supplement the addresses given above, or designate additional addresses, for
purposes of this Section 6.2 by giving the other party written notice of the new address in the manner set forth above. 

Section 6.3 Entire Agreement. This Agreement and the other Transaction Documents, together with all the schedules and
exhibits hereto and thereto and the certificates and other written instruments delivered in connection therewith from time to time on and following the date hereof, constitute and contain the entire agreement and understanding of the parties with
respect to the subject matter hereof and thereof, and supersedes any and all prior negotiations, correspondence, agreements, understandings, duties or obligations between the parties respecting the subject matter hereof and thereof. 

  
 21 

 Section 6.4 Governing Law. This Agreement shall be governed by, and
construed in accordance with, the laws of the State of New York, without regard to principles of conflict of laws thereunder other than New York General Obligations Law Section 5-1401. 

Section 6.5 Dispute Resolution. Any dispute, controversy or claim arising out of or relating to this Agreement,
including, but not limited to, any question regarding the breach, termination or invalidity thereof shall be finally resolved by arbitration in Hong Kong in accordance with the rules (the “ICC Rules”) of the International
Chamber of Commerce (the “ICC”) in force at the time of commencement of the arbitration. 
 (a) The arbitral tribunal
shall consist of three arbitrators. The arbitrators shall be appointed in accordance with the ICC Rules. 
 (b) The language to be
used in the arbitration proceedings shall be English. 
 (c) Any arbitration award shall be (i) in writing and shall contain the
reasons for the decision, (ii) final and binding on the parties hereto and (iii) enforceable in any court of competent jurisdiction, and the parties hereto agree to be bound thereby and to act accordingly. 

(d) The parties hereto expressly consent to the consolidation of arbitration proceedings commenced hereunder with arbitration proceedings
commenced pursuant to the arbitration agreements contained in the Transaction Documents. In addition, the parties hereto expressly agree that any disputes arising out of or in connection with this Agreement and the other Transaction Documents
concern the same transaction or series of transactions. 
 (e) In the event a dispute is referred to arbitration hereunder, the parties
hereto shall continue to exercise their remaining respective rights and fulfill their remaining respective obligations under this Agreement. 

(f) It shall not be incompatible with this arbitration agreement for any party to seek interim or conservatory relief from courts of
competent jurisdiction before the constitution of the arbitral tribunal. 
 Section 6.6 Severability. If any provision
of this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on
substantially the same terms as originally set forth herein, and if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed
provision is essential to the rights or benefits intended by the parties. In such event, the parties shall use commercially reasonable efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement, which most
nearly effects the parties’ intent in entering into this Agreement. 
 Section 6.7 No Third Party
Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of, and be enforceable by, only the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended
to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever, under or by reason of this Agreement. 

  
 22 

 Section 6.8 Successors and Assigns. The provisions of this Agreement shall
inure to the benefit of, and shall be binding upon, the successors and permitted assigns of the parties hereto. Except as otherwise provided herein, neither this Agreement nor any of the rights, interests, or obligations hereunder shall be
assigned by any party hereto (whether by operation of Law or otherwise) without the prior written consent of the Investor, on the one hand, and 1Verge, on the other hand, provided, that (i) the Investor may transfer or assign any of its
rights, interests, or obligations hereunder in connection with a Transfer of any Ordinary Shares or securities of the Investor to any Permitted Transferee who agrees to be bound by the terms of this Agreement as a party to this Agreement (and, to
the extent applicable, in the same capacity as if the transferee was the transferor) in a written instrument in form and substance reasonably satisfactory to the 1Verge Group, and (ii) a 1Verge Group Member may transfer or assign any of its
rights, interests, or obligations hereunder in connection with a Transfer any Ordinary Shares, 1Verge Shares or 1Look Shares to any Permitted Transferee who agrees to be bound by the terms of this Agreement as a party to this Agreement (and, to the
extent applicable, in the same capacity as if the transferee was the transferor) in a written instrument in form and substance reasonably satisfactory to the Investor. To the fullest extent permitted by applicable Law, any Transfer of Ordinary
Shares, 1Verge Shares or 1Look Shares in violation of this Agreement shall be null and void. Notwithstanding anything herein (express or implied) to the contrary, (a) the Investor shall have the right to sell, transfer or assign any
Ordinary Shares or securities of the Investor to YF Fund and its Affiliates and (b) after the one year anniversary of the Closing, YF Fund and its Affiliates may sell, transfer or assign any such Ordinary Shares or securities of the Investor to
any Person, in each case, free from any restrictions on transfer set forth in this Agreement, provided, however, that in no event shall the aggregate number of Ordinary Shares sold, transferred or assigned by the Investor to YF Fund and its
Affiliates exceed, in the aggregate, the sum of (i) two percent (2%) of the total Ordinary Shares of the Company as of the Closing Date, calculated on a fully-diluted basis (as defined herein) after giving effect to the issuance of Issued
Shares (as defined in the Investment Agreement) to the Investor and (ii) any additional Ordinary Shares indirectly owned by YF Fund through the Investor that have been acquired by the Investor through the exercise of its preemptive rights under
Article III of the Investor Rights Agreement or its right of first offer under Article VI of the Investor Rights Agreement. 

Section 6.9 Construction. Each of the parties has participated in the drafting and negotiation of this Agreement. If an
ambiguity or question of intent or interpretation arises, this Agreement must be construed as if it is drafted by all the parties and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of authorship of any of
the provisions of this Agreement. 
 Section 6.10 Counterparts. This Agreement may be executed in two or more
identical counterparts, all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. A facsimile or “PDF” signature shall be
considered due execution and shall be binding upon the signatory thereto with the same force and effect as if the signature were an original. 

Section 6.11 Aggregation of Shares. All Securities held or acquired by the Investor and/or its Affiliates shall be
aggregated together for the purpose of determining the availability of any Investor rights under this Agreement. 

  
 23 

 Section 6.12 Specific Performance. The parties hereto acknowledge and agree
irreparable harm may occur for which money damages would not be an adequate remedy in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is
accordingly agreed that, in addition to any other remedies at law or in equity, the parties to this Agreement shall be entitled to injunction to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this
Agreement without posting any bond or other undertaking. 
 Section 6.13 Amendment; Waiver. This Agreement may be
amended, modified or supplemented only by a written instrument duly executed by all the parties hereto. The observance of any provision in this Agreement may be waived (either generally or in a particular instance and either retroactively or
prospectively), only by the written consent of the party against whom such waiver is to be effective. Any amendment or waiver effected in accordance with this Section 6.13 shall be binding upon the Company, the Investor, the 1Verge Group
and their respective assigns. It is agreed that no delay or omission to exercise any right, power or remedy accruing to any party, upon any breach, default or noncompliance by another party under this Agreement, shall impair any such right, power or
remedy, nor shall it be construed to be a waiver of any such breach, default or noncompliance, or any acquiescence therein, or of or in any similar breach, default or noncompliance thereafter occurring. 

Section 6.14 Expenses. Except as expressly provided herein, each party will bear its own costs and expenses incurred by
it or on its behalf in connection with the Transaction Documents and the transactions contemplated thereby. 

Section 6.15 Public Announcements. Without limiting any other provision of this Agreement, the parties hereto, to the
extent permitted by applicable Law, will consult with each other before issuance, and provide each other the opportunity to review, comment upon and concur with, and use all reasonable efforts to agree on any press release or public statement with
respect to this Agreement and the other Transaction Documents and the transactions contemplated hereby and thereby, and will not (to the extent practicable) issue any such press release or make any such public statement prior to such consultation
and agreement, except as may be required by Law or any listing agreement with or requirement of the NYSE or any other applicable securities exchange, provided that the disclosing party shall, to the extent permitted by applicable Law or any
listing agreement with or requirement of the NYSE or any other applicable securities exchange and if reasonably practicable, inform the other parties about the disclosure to be made pursuant to such requirements prior to the disclosure. 

  
 24 

 Section 6.16 Confidentiality. Each of the parties hereto hereby agrees that
it will, and will cause its respective Affiliates and its and their respective representatives to hold in strict confidence any non-public records, books, contracts, instruments, computer data and other data and information concerning the other
parties hereto, whether in written, verbal, graphic, electronic or any other form provided by any party hereto (except to the extent that such information has been (a) previously known by such party on a non-confidential basis from a source
other than the other parties hereto or its representatives, provided that, to such party’s knowledge, such source is not prohibited from disclosing such information to such party or its representatives by a contractual, legal or
fiduciary obligation to the other parties hereto or its representatives, (b) in the public domain through no breach of this Agreement by such party, (c) independently developed by such party or on its behalf, or (d) later lawfully acquired
from other sources) (the “Confidential Information”). In the event that a party hereto is requested or required by Law, regulatory authority (including the NYSE) or other applicable judicial or governmental order to disclose
any Confidential Information concerning any of the other parties hereto, such party shall, to the extent legally permissible, provide the other parties with sufficient advance written notice of such request or requirement and, if requested by
another party hereto (at such other party’s sole expense) assist such other party in seeking a protective order or other appropriate remedy to limit or minimize such disclosure. 

[Signature Page Follows] 

  
 25 

 IN WITNESS WHEREOF, the parties have caused their respective duly authorized representatives to
execute this Agreement as of the date and year first above written. 
  

			
	ALI YK INVESTMENT HOLDING LIMITED
		
	By:	 	/s/ Timothy A. Steinert
		 	Name: Timothy A. Steinert
		 	Title: Authorized Signatory

 Yankee — Signature Page - Shareholders Agreement 

 
			
	1VERGE HOLDINGS LTD.
		
	By:	 	/s/ Victor Wing Cheung Koo
		 	Name: Victor Wing Cheung Koo
		 	Title: Authorized Signatory
	
	1LOOK HOLDINGS LTD.
		
	By:	 	/s/ Victor Wing Cheung Koo
		 	Name: Victor Wing Cheung Koo
		 	Title: Authorized Signatory
	
	VICTOR WING CHEUNG KOO
	
	/s/ Victor Wing Cheung Koo

 Yankee — Signature Page - Shareholders Agreement 

 
			
	CHENGWEI PARTNERS, L.P.
		
	By:	 	/s/ Eric X. Li
		 	Name: Eric X. Li
		 	Title: Authorized Signatory
	
	CHENGWEI EVERGREEN CAPITAL, L.P.
		
	By:	 	/s/ Eric X. Li
		 	Name: Eric X. Li
		 	Title: Authorized Signatory
	
	CHENGWEI VENTURES EVERGREEN ADVISORS FUND, LLC
		
	By:	 	/s/ Eric X. Li
		 	Name: Eric X. Li
		 	Title: Authorized Signatory

 Yankee — Signature Page - Shareholders Agreement 

 LIST OF EXHIBIT AND SCHEDULES 

 

			
	Exhibit A	  	List and Notice Details of the 1Verge Group
		
	Schedule A	  	Share Ownership of the 1Verge Group in the Company
		
	Schedule B	  	Agreements of 1Verge Group
		
	Schedule C	  	Share Ownership of 1Verge

 List of Exhibit and Schedules to Shareholders AgreementEX-10.34

 Exhibit 10.34 

 

			
	STRICTLY CONFIDENTIAL	  	EXECUTION COPY

 AMENDED AND RESTATED 

SHARE PURCHASE 
 AND

 SHAREHOLDERS AGREEMENT 

dated as of May 21, 2014 
 by
and among 
 ALI YK INVESTMENT HOLDING LIMITED, 

YF VENUS LTD, 
 and 

ALIBABA INVESTMENT LIMITED 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I DEFINITIONS AND INTERPRETATION
	  	 	2	  
	 Section 1.1. Definitions
	  	 	2	  
	 Section 1.2. Interpretation and Rules of Construction
	  	 	7	  
	 ARTICLE II PURCHASE AND SALE OF SHARES; REPURCHASE AND EXCHANGE OF SHARES
	  	 	7	  
	 Section 2.1. Purchase of Shares; Purchase Price
	  	 	7	  
	 Section 2.2. Repurchase and Exchange of Shares
	  	 	7	  
	 Section 2.3. Closing
	  	 	8	  
	 Section 2.4. Additional Issued Shares
	  	 	8	  
	 ARTICLE III REPRESENTATIONS AND WARRANTIES
	  	 	10	  
	 Section 3.1. Representations and Warranties of AIL
	  	 	10	  
	 Section 3.2. Representations and Warranties of Yunfeng
	  	 	11	  
	 Section 3.3. Representations and Warranties of the Company
	  	 	12	  
	 ARTICLE IV GOVERNANCE MATTERS
	  	 	13	  
	 Section 4.1. Board of Directors
	  	 	13	  
	 Section 4.2. Governance
	  	 	14	  
	 ARTICLE V TRANSFER RESTRICTIONS
	  	 	15	  
	 Section 5.1. Restrictions on Transfer
	  	 	15	  
	 Section 5.2. Drag-Along Right
	  	 	15	  
	 Section 5.3. Tag-Along Right
	  	 	16	  
	 Section 5.4. YF Share Exchange
	  	 	17	  
	 Section 5.5. AIL Purchase Right
	  	 	17	  
	 ARTICLE VI ADDITIONAL AGREEMENTS
	  	 	19	  
	 Section 6.1. Yunfeng Covenants
	  	 	19	  
	 Section 6.2. Status of the Company
	  	 	19	  
	 Section 6.3. Distribution
	  	 	19	  
	 Section 6.4. Delivery of Notices and Information
	  	 	19	  
	 Section 6.5. Access to Information
	  	 	19	  
	 Section 6.6. Preemptive Right
	  	 	19	  
	 Section 6.7. Right of First Offer
	  	 	20	  

  
 i 

					
	 ARTICLE VII CONDITIONS TO CLOSING
	  	 	20	  
	 Section 7.1. Conditions to the Company’s Obligation to Repurchase the Existing AIL Shares in Exchange for the AIL
Shares
	  	 	20	  
	 Section 7.2. Conditions to the Company’s Obligation to Sell the YF Shares
	  	 	21	  
	 Section 7.3. Conditions to AIL’s Obligation to Exchange the Existing AIL Shares for the AIL Shares
	  	 	22	  
	 Section 7.4. Conditions to Yunfeng’s Obligation to Purchase
	  	 	23	  
	 ARTICLE VIII LIQUIDATION
	  	 	24	  
	 Section 8.1. Liquidation Rights
	  	 	24	  
	 ARTICLE IX GENERAL PROVISIONS
	  	 	24	  
	 Section 9.1. Confidentiality
	  	 	24	  
	 Section 9.2. Term
	  	 	25	  
	 Section 9.3. Notices
	  	 	25	  
	 Section 9.4. Entire Agreement
	  	 	26	  
	 Section 9.5. Governing Law
	  	 	26	  
	 Section 9.6. Dispute Resolution
	  	 	26	  
	 Section 9.7. Severability
	  	 	27	  
	 Section 9.8. No Third Party Beneficiaries
	  	 	27	  
	 Section 9.9. Successors and Assigns
	  	 	27	  
	 Section 9.10. Construction
	  	 	27	  
	 Section 9.11. Counterparts
	  	 	27	  
	 Section 9.12. Specific Performance
	  	 	27	  
	 Section 9.13. Amendment; Waiver
	  	 	28	  
	 Section 9.14. Expenses
	  	 	28	  
	 Section 9.15. Share Purchase and Shareholders Agreement to Control
	  	 	28	  

  
 ii 

 AMENDED AND RESTATED SHARE PURCHASE AND SHAREHOLDERS AGREEMENT 

THIS AMENDED AND RESTATED SHARE PURCHASE AND SHAREHOLDERS AGREEMENT (this “Agreement”) is made and entered into as of
May 21, 2014 by and among, Ali YK Investment Holding Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (the “Company”), Alibaba Investment Limited, a business company
incorporated with limited liability under the laws of the British Virgin Islands (“AIL”) and YF Venus Ltd, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Yunfeng”).

 RECITALS 

WHEREAS, the Company, AIL and Yunfeng are parties to that certain Share Purchase and Shareholders Agreement dated as of April 28,
2014 (the “Prior Agreement”); 
 WHEREAS, in accordance with the terms of the Prior Agreement, the Company, AIL and
Yunfeng desire to amend and restate the Prior Agreement in its entirety with this Agreement; 
 WHEREAS, the Company desires to
repurchase all of the ordinary shares, par value US$0.00001 per share, of the Company held by AIL (the “Existing AIL Shares”), and AIL desires that the Company repurchase all of the Existing AIL Shares, upon the terms and conditions
set forth in this Agreement, in exchange for the issuance by the Company to AIL of an aggregate of 643,161,852 Class A Shares of the Company (the “AIL Shares”) which shares shall initially represent 89.19% of the outstanding
Ordinary Shares of the Company (on a fully-diluted basis) after giving effect to the issuance of the AIL Shares and the YF Shares (as defined below) but without giving effect to any issuance of any AIL Additional Shares or YF Additional Shares (as
defined below); 
 WHEREAS, the Company desires to issue, sell and deliver to Yunfeng, and Yunfeng desires to purchase and acquire
from the Company, upon the terms and conditions set forth in this Agreement, an aggregate of 77,959,008 Class B Shares of the Company (the “YF Shares”) which shares shall initially represent 10.81% of the outstanding Ordinary
Shares of the Company (on a fully-diluted basis) after giving effect to the issuance of the AIL Shares and the YF Shares but without giving effect to any issuance of any AIL Additional Shares or YF Additional Shares (as defined below); 

WHEREAS, Yunfeng Fund II, L.P. ( “Yunfeng Fund”) has duly executed and delivered a guarantee in the form attached
hereto as Exhibit A (the “Yunfeng Fund Guarantee”) concurrently with the execution of this Agreement, which guarantees certain payment obligations of Yunfeng hereunder; 

WHEREAS, the Company, Youku Tudou Inc., an exempted company with limited liability incorporated under the laws of the Cayman Islands
(“Youku”), 1Look Holdings Ltd. (“1Look”) and, solely for the purposes of Sections 11.4, 11.5 and 11.16 thereof, Alibaba Group Holding Limited (“AGHL”) have entered into an Investment Agreement,
dated as of April 28, 2014 (the “Investment Agreement”), pursuant to which Youku and 1Look sold to the Company and the Company purchased from Youku and 1Look certain ordinary shares of Youku (the “Youku
Shares”) on the date hereof; 

  
 1 

 WHEREAS, the Company, Youku and, solely for the purposes of Sections 7.1 and 7.2 and
Article VIII thereof, AGHL and Yunfeng have entered into an Investor Rights Agreement, dated as of April 28, 2014 (the “Investor Rights Agreement”), which sets forth certain rights and obligations of the Company in respect
of its holding of the Youku Shares; 
 WHEREAS, the Company, 1Look and certain other parties named therein have entered into a
Shareholders Agreement, dated as of April 28, 2014 (the “Shareholders Agreement”), which sets forth certain arrangements relating to the Youku Shares; and 

WHEREAS, AIL and Yunfeng desire to set forth their agreements with regard to certain matters related to the Company and the Youku
Shares by entering into this Agreement. 
 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 receipt and sufficiency of which are hereby acknowledged, the parties hereby agree that the Prior Agreement shall be superseded and replaced in its entirety by this Agreement
and further agree as follows: 
 ARTICLE I 

DEFINITIONS AND INTERPRETATION 

Section 1.1. Definitions. For the purposes of this Agreement: 

“ADS” means American Depositary Shares, each of which represents 18 Youku Shares, of Youku; 

“Affiliates” means, with respect to any specified Person, any other Person that directly, or indirectly through one or more
intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person; 
 “Agreement” has the
meaning set forth in the Preamble; 
 “Aggregate Sale Price” means the product of Sale Price and the number of YF Youku
Shares or Exchanged Youku Shares to be Transferred pursuant to Section 5.5; 
 “AGHL” has the meaning set forth in the
Recitals; 
 “AIL” has the meaning set forth in the Preamble; 

“AIL Additional Shares” means such number of Class A Shares that equals (i) the total number of Additional Issued
Shares to be acquired by the Company pursuant to Section 2.4 of the Investment Agreement, less (ii) in the event that YF has delivered the YF Election Notice in accordance with Section 2.4(b), the total number of YF Additional Shares;

  
 2 

 “AIL Additional Purchase Price” means US$30.50 per 18 Class A Shares
multiplied by the total number of AIL Additional Shares to be acquired by AIL; 
 “AIL Alternate Attendee” has the meaning
set forth in Section 4.1(c); 
 “AIL Director” has the meaning set forth in Section 4.1(b); 

“AIL Election Notice” has the meaning set forth in Section 2.4(a); 

“AIL Shares” has the meaning set forth in the Recitals; 

“AIL Purchase” has the meaning set forth in Section 5.5(b); 

“AIL Youku Shares” means, following the Closing, the Youku Shares held by the Company that are attributable to the
Class A Shares, which shall initially represent 89.19% of the Youku Shares acquired by the Company at the closing of the transactions contemplated under the Investment Agreement; 

“Bankruptcy and Equity Exception” has the meaning set forth in Section 3.1(a); 

“beneficial ownership” or “beneficially own” or similar term shall mean beneficial ownership as defined
under Rule 13d-3 under the Exchange Act; 
 “Board” has the meaning set forth in Section 4.1(a); 

“Business Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by Law
to be closed in Beijing, Hong Kong or New York, New York; 
 “Claim” means any claim against AGHL or any of its Affiliates
from or relating to the Investment Agreement or which AGHL or any of its respective Affiliates is sought to be, made liable to pay any sum of money to any person, whether on a joint and several basis or on any other basis; 

“Class A Shares” means Class A ordinary shares, par value US$0.00001 per share, in the share capital of the
Company; 
 “Class B Shares” means the Class B ordinary shares, par value US$0.00001 per share, in the share
capital of the Company; 
 “Closing” has the meaning set forth in Section 2.2; 

“Closing Date” has the meaning set forth in Section 2.3(a); 

“Company” has the meaning set forth in the Preamble; 

“Confidential Information” has the meaning set forth in Section 9.1; 

  
 3 

 “Control” (including the terms “Controlled by” and
“under common Control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, as trustee or
executor, by contract or otherwise, including the ownership, directly or indirectly, of securities having the power to elect a majority of the board of directors or similar body governing the affairs of such Person or securities that represent a
majority of the outstanding voting securities of such Person; 
 “Convertible Note” means the Convertible Note dated
May 21, 2014, in the principal amount of US$132,097,208.00 issued by the Company to AIL; 
 “Director” has the meaning
set forth in Section 4.1(a); 
 “Drag-Along Notice” has the meaning set forth in Section 5.2(b); 

“Drag-Along Right” has the meaning set forth in Section 5.2(a); 

“Drag-Along Sale” has the meaning set forth in Section 5.2(a); 

“Encumbrance” means any security interest, pledge, mortgage, lien, charge, claim, hypothecation, title defect, right of first
option or refusal, right of pre-emption, third-party right or interests, put or call right, lien, adverse claim of ownership or use, or other encumbrance of any kind; 

“Exchange Notice” has the meaning set forth in Section 5.4; 

“Exchanged Youku Shares” has the meaning set forth in Section 5.4(a); 

“Existing AIL Shares” has the meaning set forth in the Recitals; 

“Governmental Authority” means any federal, national, foreign, supranational, state, provincial, local, municipal or other
political subdivision or other government, governmental, regulatory or administrative authority, agency, board, bureau, department, instrumentality or commission or any court, tribunal, judicial or arbitral body of competent jurisdiction or stock
exchange; 
 “ICC Rules” has the meaning set forth in Section 9.6; 

“Initial Purchase Price” means the purchase price per Youku Share as set forth in Section 2.2 of the Investment
Agreement (as appropriately adjusted for share splits, reverse share splits, share dividends, share consolidations, recapitalizations and the like); 

“Investment Agreement” has the meaning set forth in the Recitals; 

“Investor Rights Agreement” has the meaning set forth in the Recitals; 

  
 4 

 “Law” means any federal, national, foreign, supranational, state, provincial or
local statute, law, ordinance, regulation, rule, code, order, requirement or rule of law (including common law), official policy, rule or interpretation of any Governmental Authority with jurisdiction over the Company or the parties
hereto, as the case may be; 
 “Liability” means a liability to pay a sum of money arising pursuant to a Claim (which sum
is deemed to include all legal and other costs, damages, losses and expenses incurred in connection with (or arising directly or indirectly from) defending, disputing or otherwise dealing with any such Claim); 

“Liquidation” has the meaning set forth in Section 8.1; 

“Memorandum and Articles” means the Memorandum and Articles of Association of the Company in effect from time to time; 

“Minimum Drag-Along Price” means the higher of (i) the price per share of the Youku Shares as determined based on the
volume weighted average price of the ADSs over the twenty (20) Trading Days immediately preceding the receipt of the Drag-Along Notice and (ii) the Initial Purchase Price. 

“Ordinary Shares” mean (i) prior to the Closing, ordinary shares, par value US$0.00001 per share, of the Company and
(ii) from and after the Closing, the Class A Shares and Class B Shares, collectively; 
 “Person” means any
individual, partnership, corporation, association, joint stock company, trust, joint venture, limited liability company, organization, entity or Governmental Authority; 

“Preemptive Purchase Payment” has the meaning set forth in Section 6.7; 

“Prior Agreement” has the meaning set forth in the Recitals; 

“Purchase Notice” has the meaning set forth in Section 5.5(b); 

“Purchase Payment Date” has the meaning set forth in Section 5.5(c); 

“Purchase Period” has the meaning set forth in Section 5.5(b); 

“Purchase Right” has the meaning set forth in Section 5.5(b); 

“Restated Memorandum and Articles” has the meaning set forth in Section 7.3(c); 

“ROFO Purchase Payment” has the meaning set forth in Section 6.8; 

“Sale Price” means the price per share of the Youku Shares as determined based on the volume weighted average price of the
ADSs on the Trading Day immediately preceding the date of the delivery of the Transfer Notice; 
 “Securities Act” means
the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder; 

  
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 “Share Exchange” has the meaning set forth in Section 2.2; 

“Share Purchase” has the meaning set forth in Section 2.1; 

“Shareholders Agreement” has the meaning set forth in the Recitals; 

“Subject Youku Shares” has the meaning set forth in Section 5.5; 

“Tag-Along Buyer” has the meaning set forth in Section 5.3(a); 

“Tag-Along Exercise Period” has the meaning set forth in Section 5.3(b); 

“Tag-Along Notice” has the meaning set forth in Section 5.3(b); 

“Tag-Along Sale” has the meaning set forth in Section 5.3(a); 

“Trading Day” means any day on which the stock exchange on which the ADSs representing Youku Shares are then listed and
traded is open for trading in securities; 
 “Transaction Documents” means the Investment Agreement, the Investor Rights
Agreement and the Shareholders Agreement. 
 “Transfer” means, directly or indirectly, to sell, assign, transfer, pledge,
hypothecate, mortgage, encumber or otherwise dispose, through one or a series of transactions, all or any portion of any securities or any economic interest therein (including without limitation by means of any participation or swap transaction) to
any Person; 
 “Transfer Notice” has the meaning set forth in Section 5.5(a); 

“YF Additional Shares” has the meaning set forth in Section 2.4(b); 

“YF Additional Purchase Price” means US$1.6944 per Class B Share multiplied by the total number of YF Additional Shares
to be acquired by Yunfeng; 
 “YF Aggregate Purchase Price” has the meaning set forth in Section 2.1; 

“YF Alternate Attendee” has the meaning set forth in Section 4.1(d); 

“YF Director” has the meaning set forth in Section 4.1(b); 

“YF Election Notice” has the meaning set forth in Section 2.4(b); 

“YF Shares” has the meaning set forth in the Recitals; 

“YF Youku Shares” means, following the Closing, the Youku Shares held by the Company that are attributable to the
Class B Shares, which shall initially represent 10.81% of the Youku Shares acquired by the Company at the closing of the transactions contemplated under the Investment Agreement; 

  
 6 

 “Youku” has the meaning set forth in the Recitals; 

“Youku Shares” has the meaning set forth in the Recitals; 

“Yunfeng” has the meaning set forth in the Preamble; 

“Yunfeng Fund” has the meaning set forth in the Recitals; and 

“Yunfeng Fund Guarantee” has the meaning set forth in the Recitals. 

Section 1.2. Interpretation and Rules of Construction. In this Agreement, except to the extent otherwise provided or
that the context otherwise requires: 
 (a) when a reference is made in this Agreement to an Article or Section, such reference is to an
Article or Section of this Agreement; 
 (b) the headings for this Agreement are for reference purposes only and do not affect in
any way the meaning or interpretation of this Agreement; 
 (c) the words “hereof,” “herein” and “hereunder”
and words of similar import, when used in this Agreement, refer to this Agreement as a whole and not to any particular provision of this Agreement; 

(d) all terms defined in this Agreement have the defined meanings when used in any certificate or other document made or delivered pursuant
hereto, unless otherwise defined therein; 
 (e) the definitions contained in this Agreement are applicable to the singular as well as the
plural forms of such terms; 
 (f) references to a Person are also to its successors and permitted assigns; and 

(g) the use of the term “or” is not intended to be exclusive. 

ARTICLE II 

PURCHASE AND SALE OF SHARES; REPURCHASE AND EXCHANGE OF SHARES 

Section 2.1. Purchase of Shares; Purchase Price. The Company shall issue and sell to Yunfeng, and Yunfeng shall purchase from
the Company, on the Closing Date, the YF Shares (the “Share Purchase”). The purchase price shall be US$30.50 per 18 Class B Shares and the aggregate purchase price for the YF Shares (the “YF Aggregate Purchase
Price”) shall be US$132,097,208.00. 
 Section 2.2. Repurchase and Exchange of Shares. The Company shall
repurchase the Existing AIL Shares from AIL in exchange for the issuance by the Company to AIL of the AIL Shares on the Closing Date (the “Share Exchange” and together with the Share Purchase, the “Closing”). 

  
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 Section 2.3. Closing. 

(a) Date and Time. Subject to the satisfaction or waiver of the conditions to Closing set forth in Article VII hereto, the
Closing shall take place on June 6, 2014 at the offices of Simpson Thacher & Bartlett, ICBC Tower, 3 Garden Road, Central, Hong Kong, at 10:00 a.m. local time or on such earlier date as may be mutually agreed by the Company,
AIL and Yunfeng. The date on which the Closing occurs is referred to herein as the “Closing Date.” 
 (b) Payment
and Delivery. On or before the Closing Date: 
 (i) Yunfeng shall pay the YF Aggregate Purchase Price to the Company
for the YF Shares to be issued and sold to Yunfeng at the Closing, by electronic bank transfer of immediately available funds to a bank account designated in writing by the Company at least five (5) Business Days prior to the Closing Date; 

(ii) the Company shall deliver to Yunfeng: (A) a share certificate representing the YF Shares duly executed on behalf of
the Company and registered in the name of Yunfeng, (B) a copy of the register of members of the Company duly certified by the registered agent of the Company, reflecting Yunfeng’s ownership of the YF Shares, and (C) a copy of the
register of directors of the Company duly certified by the registered agent of the Company, reflecting the appointment of the YF Director; 

(iii) upon receipt of the YF Aggregate Purchase Price from Yunfeng, the Company shall repay the Convertible Note in full; and

 (iv) the Company shall deliver to AIL: (A) a share certificate representing the AIL Shares duly executed on behalf of
the Company and registered in the name of AIL, (B) a copy of the register of members of the Company duly certified by the registered agent of the Company, reflecting AIL’s ownership of the AIL Shares, and (C) a copy of the register of
directors of the Company duly certified by the registered agent of the Company, reflecting the appointment of the AIL Directors. 

Section 2.4. Additional Issued Shares. 

(a) Upon receipt of the Closing Date Shares Notice (as defined in the Investment Agreement) from Youku, the Company shall promptly deliver such
Closing Date Shares Notice to each of AIL and Yunfeng. In the event that the total Closing Date Shares (as defined in the Investment Agreement) exceeds the Purchaser Shares (as defined in the Investment Agreement) purchased by the Company on
the closing date under the Investment Agreement, AIL shall have the option, exercisable in its sole discretion by written notice (the “AIL Election Notice”) to the Company and Yunfeng within two (2) Business Days from the
delivery of such Closing Date Shares Notice by the Company, to (i) cause the Company to (x) deliver the Additional Issued Shares Election Notice (as defined in the Investment Agreement) and (y) purchase the Additional Issued Shares
(as defined in the Investment Agreement) pursuant to Section 2.4 of the Investment Agreement and (ii) purchase from the Company the AIL Additional Shares at a purchase price of US$30.50 per 18 Class A Shares. 

  
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 (b) Upon receipt of the AIL Election Notice, Yunfeng shall have the option, exercisable by
written notice (the “YF Election Notice”) to the Company and AIL within two (2) Business Days from the delivery of such AIL Election Notice, to purchase from the Company such number of additional Class B Shares specified
in the YF Election Notice (the “YF Additional Shares”), which shall not exceed 10.81% of the Additional Issued Shares, at a purchase price of US$30.50 per 18 Class B Shares. For the avoidance of doubt, Yunfeng shall not
have any obligation to purchase from the Company any additional Class B Shares pursuant to this Section 2.4. 
 (c) The closing of
the issuance and sale by the Company, and the purchase by AIL of the AIL Additional Shares and, if applicable, by Yunfeng of the YF Additional Shares, shall take place on the Closing Date immediately following the Closing. At such closing: 

(i) AIL shall pay the AIL Additional Purchase Price to the Company for the AIL Additional Shares to be issued and sold to AIL
at such closing, by electronic bank transfer of immediately available funds to a bank account designated in writing by the Company at least five (5) Business Days prior to the closing date; 

(ii) in the event that Yunfeng delivers the YF Election Notice, Yunfeng shall pay the YF Additional Purchase Price to the
Company for the YF Additional Shares to be issued and sold to Yunfeng at such closing, by electronic bank transfer of immediately available funds to a bank account designated in writing by the Company at least five (5) Business Days prior to
the closing date; 
 (iii) the Company shall deliver to AIL: (A) a share certificate representing the AIL Additional
Shares duly executed on behalf of the Company and registered in the name of AIL, (B) a copy of the register of members of the Company duly certified by the registered agent of the Company, reflecting AIL’s ownership of the AIL Shares and
the AIL Additional Shares; and 
 (iv) in the event that Yunfeng delivers the YF Election Notice and pays the YF Additional
Purchase Price to the Company, the Company shall deliver to Yunfeng: (A) a share certificate representing the YF Additional Shares duly executed on behalf of the Company and registered in the name of Yunfeng, (B) a copy of the register of
members of the Company duly certified by the registered agent of the Company, reflecting Yunfeng’s ownership of the YF Shares and the YF Additional Shares. 

For the avoidance of doubt, in the event that Yunfeng delivers the YF Election Notice, but breaches its obligation to pay the YF Additional
Purchase Price to the Company under Section 2.4(c)(ii), AIL shall have the right to purchase from the Company up to such number of AIL Additional Shares equal to the total Additional Issued Shares (as defined in the Investment Agreement). 

  
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 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

Section 3.1. Representations and Warranties of AIL. AIL hereby represents and warrants to Yunfeng as follows: 

(a) Capacity; Authorization; Validity of Agreement; Necessary Action. AIL is a company duly organized, validly existing and in good
standing under the Laws of the British Virgin Islands (in the case of good standing, to the extent the concept is recognized by such jurisdiction) and has the requisite corporate power and authorization to own, lease and operate it properties and to
carry on its business as now being conducted. AIL has the requisite corporate power and authority to execute and deliver this Agreement and perform its obligations hereunder and to consummate the transactions contemplated by this Agreement. This
Agreement has been duly executed and delivered by AIL, and assuming this Agreement constitutes a valid and binding obligation of Yunfeng and the Company, constitutes a legal, valid and binding agreement of AIL enforceable against AIL in accordance
with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles (the “Bankruptcy
and Equity Exception”). 
 (b) Non-Contravention; No Conflicts. Except as would not, individually or in the aggregate,
reasonably be expected to have a material adverse effect on the ability of AIL to timely perform any of its obligations hereunder, (i) no filing or notice by AIL with or to any Governmental Authority, and no authorization, consent, permit or
approval from any Governmental Authority or any other Person is necessary for the execution and delivery of this Agreement by AIL or the performance by AIL of its obligations herein, (ii) the execution and delivery of this Agreement by AIL does
not, and the performance by AIL of its obligations under this Agreement and the consummation by AIL of the transactions contemplated by this Agreement, will not (1) conflict with, or result in any violation or breach of, or default (with or
without notice or lapse of time, or both) under, or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation or loss of any material benefit under, or to increased, additional, accelerated or guaranteed
rights or entitlements of any Person under, or result in the creation of any Encumbrance upon its assets or properties under, any provision of (A) any contract, agreement or other instrument to which AIL is party or by which any of its assets
or properties is bound, (B) any charter or organizational documents of AIL or (C) any judgment, order, injunction, decree or Law applicable to AIL or its assets or properties or (2) require any consent of, registration, declaration or
filing with, notice to or permit from any Governmental Authority. 
 (c) Sufficient Funds. AIL shall have on the Closing Date
sufficient funds on hand to pay in full the AIL Additional Purchase Price, if applicable. 
 (d) Capitalization. 

(i) As of the date of this Agreement, (A) the authorized capital of the Company is US$[ • ], divided into [ • ]
Ordinary Shares, (B) [ • ] Ordinary Shares are issued and outstanding and (C) AIL is the sole holder of all such issued and outstanding Ordinary Shares. As of the Closing, upon the effectiveness of the Restated Memorandum and
Articles, the authorized capital of the Company will be US$50,000.00, divided into 2,500,000,000 Class A Shares and 2,500,000,000 Class B Shares. 

(ii) Immediately following the Closing (and prior to the closing of the issuance and purchase of any AIL Additional Shares or
YF Additional Shares pursuant to Section 2.4), the issued and outstanding share capital of the Company will consist of 643,161,852 Class A Shares and 77,959,008 Class B Shares. 

  
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 (iii) Immediately following the Closing, except as set forth in this Agreement,
there will be no securities convertible into or exercisable or exchangeable for any Ordinary Shares or other securities of the Company, or any other options, warrants, rights (including conversion or preemptive rights and rights of first refusal),
subscriptions, or other rights, proxy or stockholders agreements or contracts of any kind, either directly or indirectly, entitling the holder thereof to purchase or otherwise acquire or to compel the Company to issue, repurchase or redeem any
Ordinary Shares or other securities of the Company. 
 (e) Existing AIL Shares. The aggregate purchase price for the Existing AIL
Shares was US$1,089,802,027.00, which has been fully paid by AIL. 
 Section 3.2. Representations and Warranties of
Yunfeng. YF hereby represents and warrants to AIL as follows: 
 (a) Capacity; Authorization; Validity of Agreement; Necessary
Action. Yunfeng is a company duly organized, validly existing and in good standing under the Laws of the Cayman Islands (in the case of good standing, to the extent the concept is recognized by such jurisdiction) and has the requisite corporate
power and authorization to own, lease and operate it properties and to carry on its business as now being conducted. Yunfeng has the requisite corporate power and authority to execute and deliver this Agreement and perform its obligations hereunder
and to consummate the transactions contemplated by this Agreement. This Agreement has been duly executed and delivered by Yunfeng, and assuming this Agreement constitutes a valid and binding obligation of AIL and the Company, constitutes a legal,
valid and binding agreement of Yunfeng enforceable against Yunfeng in accordance with its terms, subject to the Bankruptcy and Equity Exception. 

(b) Non-Contravention; No Conflicts. Except as would not, individually or in the aggregate, reasonably be expected to have a
material adverse effect on the ability of Yunfeng to timely perform any of its obligations hereunder, (i) no filing or notice by Yunfeng with or to any Governmental Authority, and no authorization, consent, permit or approval from any
Governmental Authority or any other Person is necessary for the execution and delivery of this Agreement by Yunfeng or the performance by Yunfeng of its obligations herein, (ii) the execution and delivery of this Agreement by Yunfeng does not,
and the performance by Yunfeng of its obligations under this Agreement and the consummation by Yunfeng of the transactions contemplated by this Agreement, will not (1) conflict with, or result in any violation or breach of, or default (with or
without notice or lapse of time, or both) under, or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation or loss of any material benefit under, or to increased, additional, accelerated or guaranteed
rights or entitlements of any Person under, or result in the creation of any Encumbrance upon its assets or properties under, any provision of (A) any contract, agreement or other instrument to which Yunfeng is party or by which any of its
assets or properties is bound, (B) any charter or organizational documents of Yunfeng or (C) any judgment, order, injunction, decree or Law applicable to Yunfeng or its assets or properties or (2) require any consent of, registration,
declaration or filing with, notice to or permit from any Governmental Authority. 

  
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 (c) Sufficient Funds. Yunfeng shall have on the Closing Date sufficient funds on hand
to pay in full the YF Aggregate Purchase Price and, if applicable, the YF Additional Purchase Price. 
 (d) Yunfeng Fund
Guarantee. Yunfeng Fund, which is the sole shareholder of Yunfeng, has duly executed and delivered to the Company the Yunfeng Fund Guarantee, which constitutes a legal, valid and binding agreement of Yunfeng Fund enforceable against Yunfeng
Fund in accordance with its terms, subject to the Bankruptcy and Equity Exception. 
 Section 3.3. Representations and Warranties of
the Company. 
 (a) Capacity; Authorization; Validity of Agreement; Necessary Action. The Company is a corporation duly organized,
validly existing and in good standing under the Laws of the Cayman Islands and has the requisite corporate power and authorization to own, lease and operate it properties and to carry on its business as now being conducted. The Company has the
requisite corporate power and authority to execute and deliver this Agreement and perform its obligations hereunder and to consummate the transactions contemplated by this Agreement. This Agreement has been duly executed and delivered by the
Company, and assuming this Agreement constitutes a valid and binding obligation of AIL and Yunfeng, constitutes a legal, valid and binding agreement of the Company enforceable against the Company in accordance with its terms, subject to the
Bankruptcy and Equity Exception. 
 (b) Non-Contravention; No Conflicts. Except as would not, individually or in the aggregate,
reasonably be expected to have a material adverse effect on the ability of the Company to timely perform any of its obligations hereunder, (i) no filing or notice by the Company with or to any Governmental Authority, and no authorization,
consent, permit or approval from any Governmental Authority or any other Person is necessary for the execution and delivery of this Agreement by the Company or the performance by the Company of its obligations herein, (ii) the execution and
delivery of this Agreement by the Company does not, and the performance by the Company of its obligations under this Agreement and the consummation by the Company of the transactions contemplated by this Agreement, will not (1) conflict with,
or result in any violation or breach of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation or loss of any material benefit
under, or to increased, additional, accelerated or guaranteed rights or entitlements of any Person under, or result in the creation of any Encumbrance upon its assets or properties under, any provision of (A) any contract, agreement or other
instrument to which the Company is party or by which any of its assets or properties is bound, (B) any charter or organizational documents of the Company or (C) any judgment, order, injunction, decree or Law applicable to the Company or
its assets or properties or (2) require any consent of, registration, declaration or filing with, notice to or permit from any Governmental Authority. 

(c) Issuance of AIL Shares. The AIL Shares are duly authorized, and, when issued and paid for in accordance with the terms hereof,
shall be validly issued and non-assessable and free from all preemptive or similar rights and Encumbrances and the AIL Shares shall be fully paid with AIL being entitled to all rights accorded to a holder of the Class A Shares of the Company.

  
 12 

 (d) Issuance of YF Shares. The YF Shares are duly authorized, and, when issued and
paid for in accordance with the terms hereof, shall be validly issued and non-assessable and free from all preemptive or similar rights and Encumbrances and the YF Shares shall be fully paid with Yunfeng being entitled to all rights accorded to a
holder of the Class B Shares of the Company. 
 (e) Status of the Company. The Company was formed for the purpose of
acquiring Youku shares and has not been in engaged in any business or activity, other than in connection with its formation and maintenance of its ongoing existence and the transactions contemplated hereunder and under the Transaction Documents and
the Convertible Note. 
 ARTICLE IV 

GOVERNANCE MATTERS 

Section 4.1. Board of Directors. 

(a) Following the Closing, the board of directors of the Company (the “Board”) shall consist of four (4) members (each, a
“Director”). 
 (b) Following the Closing, (i) for so long as AIL holds any Class A Shares, AIL shall be entitled
to appoint three (3) Directors (the “AIL Directors”) by written notice to the Company and, (ii) for so long as Yunfeng holds any Class B Shares, Yunfeng shall be entitled to appoint one (1) Director (the
“YF Director”) by written notice to the Company. Following the Closing, the Company shall cause the appointment or election of each Director nominated by AIL or Yunfeng to the Board. 

(c) For so long as AIL has the right to appoint the AIL Directors pursuant to Section 4.1(b), (i) in the event that a vacancy is
created at any time by the death, disability, retirement, resignation or removal (with or without cause) of any such AIL Director, AIL shall have the right to appoint a replacement to fill such vacancy by written notice to the Company, and the
Company, subject to applicable Law, shall take all necessary or desirable actions as may be required under applicable Law to cause the individual appointed by AIL to be registered as a Director in the Company’s register of directors, and
(ii) the Company shall not take any action to cause the removal of such AIL Director without cause unless it is directed to do so by AIL, and if the Company is so directed, the Company shall take all necessary or desirable actions to effect
such removal. In addition, for so long as AIL has the right to appoint any Person as an AIL Director, any such AIL Director may appoint at any time an alternate (an “AIL Alternate Attendee”) to attend a meeting of the Board in
lieu of such AIL Director, and in such an event, such AIL Alternate Attendee shall be entitled to attend such meeting of the Board, receive copies of materials provided to the Board, count for quorum purposes and be entitled to vote at such meeting,
in each case, in lieu of such AIL Director. 

  
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 (d) For so long as Yunfeng has the right to appoint the YF Director pursuant to
Section 4.1(b), (i) in the event that a vacancy is created at any time by the death, disability, retirement, resignation or removal (with or without cause) of such YF Director, Yunfeng shall have the right to appoint a replacement to fill
such vacancy by written notice to the Company, and the Company, subject to applicable Law, shall take all necessary or desirable actions as may be required under applicable Law to cause the individual appointed by Yunfeng to be registered as a
Director in the Company’s register of directors, and (ii) the Company shall not take any action to cause the removal of such YF Director without cause unless it is directed to do so by Yunfeng, and if the Company is so directed, the
Company shall take all necessary or desirable actions to effect such removal. In addition, for so long as Yunfeng has the right to appoint any Person as a YF Director, any such YF Director may appoint at any time an alternate (an “YF
Alternate Attendee”) to attend a meeting of the Board in lieu of such YF Director, and in such an event, such YF Alternate Attendee shall be entitled to attend such meeting of the Board, receive copies of materials provided to the Board,
count for quorum purposes and be entitled to vote at such meeting, in each case, in lieu of such YF Director. In the event that Yunfeng no longer has the right to appoint any YF Director pursuant to Section 4.1(b), it shall immediately
cause the YF Director to resign from the Board, and the Company shall be entitled to take all necessary actions to immediately remove the YF Director from the Board. 

Section 4.2. Governance. 

(a) Subject to Section 4.2(b) below, any matter required to be decided or resolved by the Board shall only be decided or resolved
with the affirmative vote or consent of more than fifty percent (50%) of all of the Directors. 
 (b) Notwithstanding anything to the
contrary contained herein, following the Closing, for so long as Yunfeng holds any Class B Shares, the Company shall not, and AIL shall cause the Company not to, take any of the actions described below unless approved by the YF Director (for
any matter required to be decided or resolved by the Board) or Yunfeng (for any matter required to be decided or resolved by the shareholders of the Investor): 

(i) any amendment to the Memorandum and Articles that adversely affects the Class B Shares or the rights of Yunfeng under
this Agreement; 
 (ii) any new issuances of Ordinary Shares or other securities of the Company, other than
(x) issuances of AIL Shares to AIL (or any of its Affiliates) in connection with the purchase of AIL Youku Shares by the Company and (y) issuances of YF Shares to Yunfeng (or any of its Affiliates) in connection with the purchase of YF
Youku Shares by the Company, in each case in accordance with this Agreement; 
 (iii) any Transfer of YF Youku Shares by the
Company, except as expressly provided hereunder or as may be required of the Company pursuant to the Investment Agreement or the Shareholders Agreement; 

(iv) redemption, repurchase, capital reduction, buy-back or any similar transaction with respect to the Ordinary Shares, other
than in connection with the Transfer of AIL Youku Shares by the Company or pursuant to Sections 5.2, 5.3, 5.4 or 5.5; 
 (v)
approval of, entry into or modification to the terms of any transaction between the Company, on the one hand, and AIL or any of its Affiliates, on the other hand, other than any transactions contemplated hereunder or exercises of AIL’s rights
hereunder; 

  
 14 

 (vi) any incurrence or assumption of borrowing or other form of indebtedness, any
grant of guarantee or indemnity by the Company in favor of any third party or any creation of security interest in respect of any assets of the Company; 

(vii) authorization or effecting of sale, acquisition, merger, restructuring or other extraordinary transaction involving the
Company, other than exercises of AIL’s Drag Along Right pursuant to Section 5.2 hereof; 
 (viii) winding up,
dissolution, liquidation, commencement of bankruptcy, insolvency or liquidation or similar proceeding or taking any other legal action evidencing insolvency, with respect to the Company; 

(ix) authorization of any non-pro rata dividend payment or distribution on or in respect of any Ordinary Shares or the entry
into any agreement which would restrict the payment of any dividend payment or distribution, in each case, other than any dividend payment or distribution to AIL in connection with the Transfer of AIL Youku Shares by the Company; 

(x) engagement in any activity, or making any investment, that does not relate to Youku or Youku Shares; and 

(xi) initiation or settlement of any litigation or arbitration proceedings, other than proceedings relating to or arising out
of the Transaction Documents. 
 ARTICLE V 

TRANSFER RESTRICTIONS 

Section 5.1. Restrictions on Transfer. 

(a) Except as expressly provided herein, Yunfeng hereby agrees that it shall not, directly or indirectly, Transfer all or any part of the YF
Shares now owned or hereafter acquired by Yunfeng, without the prior written consent of AIL. 
 (b) Any attempt to Transfer the YF Shares
other than as permitted under the terms of this Section 5.1 shall be null and void ab initio. 
 Section 5.2. Drag-Along
Right. 
 (a) In the event that AIL proposes to Transfer to one or more third parties AIL Shares that represent, in the aggregate, fifty
percent (50%) or more of the voting power of the Ordinary Shares of the Company then outstanding, if the price per share of the AIL Shares to be Transferred represents a price per Youku Share (on a “look-through” basis) that is no
less than the Minimum Drag-Along Price, AIL shall have the right (a “Drag-Along Right”) to require Yunfeng to Transfer or cause to be Transferred to such third part(ies) a percentage of the YF Shares then beneficially owned by
Yunfeng and/or its Affiliates equal to the percentage of the AIL Shares to be Transferred, on the same material terms and conditions and for the same price per share as the AIL Shares being Transferred to such third part(ies) (a transaction
described above, a “Drag-Along Sale”). 

  
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 (b) In order to exercise a Drag-Along Right, AIL shall notify Yunfeng by delivering a written
notice of the proposed Transfer (a “Drag-Along Notice”) to Yunfeng, which shall specify that AIL is exercising its Drag-Along Right pursuant to this Section 5.2, and shall set forth a reasonable description of the material
terms and conditions of the proposed Drag-Along Sale, including (i) the name of the proposed transferee(s), (ii) the number of AIL Shares proposed to be Transferred and (iii) the price per share. 

(c) Yunfeng hereby agrees to take all actions reasonably requested by AIL in connection with the consummation of a Drag-Along Sale, including:
(i) executing a written consent and voting the YF Shares in favor of such Sale, if applicable, (ii) waiving any dissenters’, appraisal and similar rights, if any, with respect thereto, (iii) consenting to, and raising no
objections against, the Drag-Along Sale or the process pursuant to which it was arranged, (iv) executing any documents that AIL may reasonably require in connection therewith and (v) causing the YF Shares subject to such Drag-Along Sale to
be sold to such proposed transferee(s) in such Drag-Along Sale. 
 Section 5.3. Tag-Along Right. 

(a) If at any time AIL desires to effect a Transfer of AIL Shares to one or more third parties (collectively, the “Tag-Along
Buyer”) (a “Tag-Along Sale”), Yunfeng shall have the right to require, as a condition to such Tag-Along Sale, that the Tag-Along Buyer purchase from Yunfeng, at the same price per share being sold in the Tag-Along Sale and
on the same material terms and conditions as provided in the Tag-Along Notice, up to such number of YF Shares as is obtained by multiplying the number of AIL Shares being sold in such Tag-Along Sale by the total number of YF Shares beneficially
owned by Yunfeng at that time, divided by the total number of issued and outstanding Ordinary Shares; provided that, in the event that the number of AIL Shares to be Transferred in a Tag-Along Sale represents more than fifty percent (50%) of
the AIL Shares owned by AIL at that time, Yunfeng shall have the right to require, as a condition to such Tag-Along Sale, that the Tag-Along Buyer purchase from Yunfeng all of the YF Shares owned by Yunfeng at that time. 

(b) In the event AIL proposes to undertake a Tag-Along Sale, AIL shall give Yunfeng written notice of such intention and the price per share
and material terms and conditions upon which AIL proposes to undertake such Tag-Along Sale (the “Tag-Along Notice”). Yunfeng shall have five (5) Business Days from the date of the Tag-Along Notice (the “Tag-Along
Exercise Period”) to exercise its right under this Section 5.3 by giving written notice to AIL of its election to exercise its right to participate in such Tag-Along Sale pursuant to this Section 5.3. If Yunfeng has not
delivered to AIL written notice of its election to exercise its right pursuant to this Section 5.3 on or before the last day of the Tag-Along Exercise Period, Yunfeng shall be deemed to have rejected the offer to participate in the Tag-Along
Sale. 
 (c) If Yunfeng elects to participate in a Tag-Along Sale pursuant to this Section 5.3, any conditions, escrow agreements and
other provisions and agreements relating to such Tag-Along Sale as are applicable to the sale of AIL Shares by AIL in such Tag-Along Sale shall apply to the sale of YF Shares by Yunfeng in such Tag-Along Sale, provided that Yunfeng shall not
(i) be liable for any matters that relate to AIL in such Tag-Along Sale, (ii) be required to provide any representations, warranties or indemnities that relate to any matters other than with respect to the organization and ability to
consummate such Tag-Along Sale of Yunfeng, non-contravention and no conflicts with respect to the Tag-Along Sale and title to shares being sold by Yunfeng, (iii) be required to agree that Yunfeng or any of its Affiliates shall become subject to
any non-competition, non-solicitation or similar agreement, or (iv) have any liability with respect to any indemnification or other obligations related to such Tag-Along Sale that would be joint and several with any other person or would
involve any potential liability that would exceed the consideration to be received by Yunfeng in such Tag-Along Sale. At the closing of the Tag-Along Sale, the YF Shares to be Transferred by Yunfeng in the Tag-Along Sale shall be free and clear
of any and all Encumbrances other than as provided in the Transaction Documents, the Memorandum and Articles and any restrictions under applicable securities Laws. 

  
 16 

 (d) The Company hereby agrees that it shall not give effect to any purported Transfer of AIL
Shares by AIL which would constitute a Tag-Along Sale that does not comply with the provisions of this Section 5.3, and it will not record any such Transfer on its books or treat any purported transferee of such AIL Shares in any such Sale as
the legal or beneficial owner of any such Class A Shares for any purpose. 
 Section 5.4. YF Share Exchange. 

(a) If at any time on or after the first anniversary of the Closing Date, Yunfeng delivers an irrevocable written notice to the Company and the
other party hereto (“Exchange Notice”) to Transfer all (but not less than all) of the YF Youku Shares to Yunfeng (any such Transferred YF Youku Shares and any ADSs converted from any such Transferred YF Youku Shares, the
“Exchanged Youku Shares”), the Company shall, and AIL shall cause the Company to, within three (3) Business Days, (i) redeem all of the YF Shares in exchange for the Transfer of all of the YF Youku Shares to Yunfeng and
(ii) deliver to Yunfeng a duly executed instrument of transfer naming Yunfeng as the owner of such YF Youku Shares together with share certificates for the YF Youku Shares, and each of the parties hereto shall use their reasonable efforts to
(x) take all actions and execute all documents necessary to effect the Transfer of the YF Youku Shares to Yunfeng and (y) instruct Youku to update its books and records, including Youku’s register of members, to reflect such Transfer.

 (b) Upon request from Yunfeng to Youku to convert any Youku Shares held by Yunfeng into ADSs, the Company shall use its reasonable best
efforts to cooperate with Yunfeng and Youku to effect such conversion. 
 Section 5.5. AIL Purchase Right. 

(a) If Yunfeng desires to Transfer any or all of the YF Youku Shares or any Exchanged Youku Shares (the “Subject Youku
Shares”), then Yunfeng shall deliver an irrevocable written notice (“Transfer Notice”) to AIL, which shall set forth the Sale Price, the number of YF Youku Shares or Exchanged Youku Shares to be Transferred and the
Aggregate Sale Price. For the avoidance of doubt, Yunfeng shall not be permitted to Transfer any YF Shares prior to the first anniversary of the Closing Date. 

  
 17 

 (b) AIL shall have a right (“Purchase Right”), exercisable by written notice
(“Purchase Notice”) to Yunfeng within a specified period of time after receipt of the Transfer Notice (the “Purchase Period”), which period shall be (x) five (5) Trading Days if the Aggregate Sale Price is
less than US$100 million and (y) ten (10) Trading Days if the Aggregate Sale Price is US$100 million or higher, to offer to purchase (or cause the Company to purchase) all (but not less than all) of the Subject Youku Shares at an aggregate
price equal to the Aggregate Sale Price (the “AIL Purchase”). 
 (c) If the Investor delivers the Purchase Notice within the
Purchase Period, such Purchase Notice shall be irrevocable and binding, and each of AIL and Yunfeng shall use its reasonable best efforts to agree in good faith and enter into (or AIL shall cause the Company to enter into) definitive documentation
reflecting the terms above and shall consummate (or AIL shall cause the Company to consummate) the AIL Purchase as soon as reasonably practicable following delivery of such Purchase Notice, but in no event later than twenty (20) calendar days
after the delivery of such Purchase Notice (the “Purchase Payment Date”). 
 (d) On the Purchase Payment Date, (x) AIL
shall pay (or cause the Company to pay) the Aggregate Sale Price to Yunfeng by electronic bank transfer of immediately available funds to a bank account designated in writing by Yunfeng at least five (5) Business Days prior to the Purchase
Payment Date and (y) YF shall deliver to AIL certificates evidencing the YF Youku Shares or Exchanged Youku Shares being sold along with a duly executed instrument of transfer naming AIL as owner of the YF Youku Shares or Exchanged Youku Shares
as the case may be, free and clear of any and all Encumbrances other than as provided in this Agreement, the memorandum and articles of association of the Company (in the case of YF Youku Shares), the memorandum and articles of association of Youku
(in the case of Exchanged Youku Shares), the Transaction Documents and any restrictions under applicable securities Laws. 
 (e) If AIL does
not deliver a Purchase Notice on or before the last day of the Purchase Period or AIL fails to consummate (or cause the Company to consummate) the AIL Purchase within twenty (20) calendar days after the delivery of the Purchase Notice (other
than as a result of breach or fault of Yunfeng), then: 
 (i) if applicable, the Company shall, and AIL shall cause the
Company to, within three (3) Business Days thereafter, (i) redeem the YF Shares specified in the Transfer Notice in exchange for the Transfer of the number of YF Youku Shares represented by such YF Shares to Yunfeng and (ii) deliver
to Yunfeng a duly executed instrument of transfer naming Yunfeng as the owner of such YF Youku Shares together with share certificates for such YF Youku Shares, and each of the parties hereto shall use their reasonable efforts to (x) take all
actions and execute all documents necessary to effect the Transfer of the YF Youku Shares to Yunfeng and (y) instruct Youku to update its books and records, including Youku’s register of members, to reflect such Transfer; and 

(ii) Yunfeng shall be thereafter entitled to Transfer any or all of the portion of the YF Youku Shares transferred to it
pursuant to Section 5.5(e)(i) or any Exchanged Youku Shares specified in the Transfer Notice to any third parties without being subject to this Section 5.5. 

  
 18 

 (f) For the avoidance of doubt, any Transfer of any portion of any other YF Youku Shares or any
other Exchanged Youku Shares by Yunfeng shall remain subject to the Purchase Right pursuant to this Section 5.5. 
 ARTICLE VI

 ADDITIONAL AGREEMENTS 

Section 6.1. Yunfeng Covenants. Yunfeng hereby agrees to take all actions, including providing capital call notices to its
limited partners, that are necessary to obtain sufficient funds on hand to pay in full the YF Aggregate Purchase Price and, if applicable, the YF Additional Purchase Price on the Closing Date. 

Section 6.2. Status of the Company. The Company hereby agrees that, from the date hereof until the Closing Date, the Company
will not engage in any business or activity, other than in connection with its maintenance of its ongoing existence and the transactions contemplated hereunder and under the Transaction Documents and the Convertible Note. 

Section 6.3. Distribution. The Company hereby agrees to promptly distribute (a) any dividend or other distribution
received from Youku to each of AIL and Yunfeng in respect of the AIL Youku Shares and the YF Youku Shares, respectively and (b) any proceeds received by the Company from any Transfer of the AIL Youku Shares and the YF Youku Shares to AIL and
Yunfeng, respectively, provided that, in the case of clause (b), in exchange for and at the same time of such distribution of proceeds, the Company shall redeem the number of AIL Shares and/or YF Shares that correspond to the underlying AIL
Youku Shares and/or YF Youku Shares that were Transferred. 
 Section 6.4. Delivery of Notices and Information. The Company
hereby agrees, and AIL hereby agrees to cause the Company, following the Closing, to promptly deliver to Yunfeng any notice and/or written information received by the Company from Youku, provided that Yunfeng shall, while in possession of
such information, comply with any insider trading restrictions, other restrictions imposed by securities Laws or blackout periods or other trading restrictions imposed by Youku from time to time. 

Section 6.5. Access to Information. The Company hereby agrees, and AIL hereby agrees to cause the Company, following the
Closing, to make reasonably available to Yunfeng any written information relating to Youku obtained by the Company pursuant to Section 7.5 of the Investor Rights Agreement, provided that Yunfeng shall, while in possession of such
information, comply with insider trading restrictions, other restrictions imposed by securities Laws or blackout periods or other trading restrictions imposed by Youku from time to time. 

Section 6.6. Preemptive Right. If at any time Yunfeng intends to cause the Company to exercise its preemptive rights in
respect of the YF Youku Shares under the Investor Rights Agreement, Yunfeng shall (a) deliver to the Company an irrevocable written request for the Company to exercise such preemptive rights at least two (2) Business Days prior to the date
that is the last day for the Company to exercise such preemptive rights under the Investor Rights Agreement, and (b) pay the Company an amount equal to the purchase price that the Company is obligated to pay to Youku in connection with the
Company’s exercise of such preemptive rights (“Preemptive Purchase Payment”) at least two (2) Business Days prior to the date on which the Company is obligated to make such Preemptive Purchase Payment to Youku under the
Investor Rights Agreement, by electronic bank transfer of immediately available funds to a bank account designated in writing by the Company. Yunfeng further agrees that, in the event that Yunfeng breaches its obligations under this
Section 6.6 by failing to pay the Preemptive Purchase Payment to the Company in a timely manner, Yunfeng shall be liable for any and all losses incurred by the Company or, if applicable, AIL, arising out of or in connection with such breach.

  
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 Section 6.7. Right of First Offer. If at any time Yunfeng intends to
participate, in respect of the YF Youku Shares, in the Company’s exercise of its right of first offer pursuant to the Investor Rights Agreement and/or the Shareholders Agreement, Yunfeng shall (a) deliver to the Company and AIL an
irrevocable written request to participate in such right of first offer in respect of the YF Youku Shares at least two (2) Business Days prior to the date that is the last day for the Company to exercise such right of first offer under the
Investor Rights Agreement and/or the Shareholders Agreement, and (b) pay the Company an amount equal to the purchase price that the Company is obligated to pay to Youku in connection with the Company’s exercise of such right of first offer
(“ROFO Purchase Payment”) at least two (2) Business Days prior to the date on which the Company is obligated to pay such ROFO Purchase Payment under the Investor Rights Agreement and/or the Shareholders Agreement, by electronic
bank transfer of immediately available funds to a bank account designated in writing by the Company. Yunfeng further agrees that, in the event that Yunfeng breaches its obligations under this Section 6.7 by failing to pay the ROFO Purchase
Payment to the Company in a timely manner, Yunfeng shall be liable for any and all damages incurred by the Company or, if applicable, AIL arising out of or in connection with such breach. 

ARTICLE VII 

CONDITIONS TO CLOSING 

Section 7.1. Conditions to the Company’s Obligation to Repurchase the Existing AIL Shares in Exchange for the AIL
Shares. The obligation of the Company hereunder to repurchase the Existing AIL Shares from AIL in exchange for the issuance of the AIL Shares to AIL at the Closing is subject to the satisfaction or waiver by the Company, at or before the
Closing Date, of each of the following conditions: 
 (a) Representations and Warranties of AIL; Covenants of AIL. The
representations and warranties of AIL contained in Section 3.1 hereof shall be true and correct in all material respects (except for those representations and warranties that are qualified by materiality or material adverse effect, which shall
be true and correct to such extent) as of the date of this Agreement and as of the Closing Date as though made at that date (except for those representations and warranties that speak as of a specific date, which shall be so true and correct in all
material respects as of such specified date); provided that each representation or warranty made by AIL in Section 3.1(a) shall be true and correct in all respects as of the date of this Agreement and as of the Closing Date as
though made at that date (except for those representations and warranties that speak as of a specific date, which shall be so true and correct as of such specified date); and AIL shall have performed, satisfied and complied in all material respects
with the covenants and agreements required by this Agreement to be performed, satisfied or complied with by AIL at or prior to the Closing Date (including, if applicable, payment of the AIL Additional Purchase Price as required pursuant to
Section 2.4(c)(i) hereof). 

  
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 (b) No Action. No Law or judgment, order, injunction or decree entered by or with any
Governmental Authority with competent jurisdiction, shall be in effect that enjoins, prohibits or materially alters the terms of the transactions contemplated hereby or by the Transaction Documents, nor any legal, administrative, arbitral or other
claims, suits, actions or proceedings or governmental or regulatory investigations challenging any Transaction Document or the transactions contemplated hereby and thereby, or seeking to prohibit, alter, prevent or delay the Closing, shall have been
instituted or being pending before any Governmental Authority. 
 (c) AIL Officer’s Certificate. AIL shall have delivered to
the Company a certificate, dated as of the Closing Date, executed by a duly authorized officer of AIL, certifying to the fulfillment of the condition specified in Section 7.1(a) above. 

Section 7.2. Conditions to the Company’s Obligation to Sell the YF Shares. The obligation of the Company hereunder to
issue and sell the YF Shares to Yunfeng at the Closing is subject to the satisfaction or waiver by the Company, at or before the Closing Date, of each of the following conditions: 

(a) Representations and Warranties of Yunfeng; Covenants of Yunfeng. The representations and warranties of Yunfeng contained in
Section 3.2 hereof shall be true and correct in all material respects (except for those representations and warranties that are qualified by materiality or material adverse effect, which shall be true and correct to such extent) as of the date
of this Agreement and as of the Closing Date as though made at that date (except for those representations and warranties that speak as of a specific date, which shall be so true and correct in all material respects as of such specified date);
provided that each representation or warranty made by Yunfeng in Section 3.2(a) shall be true and correct in all respects as of the date of this Agreement and as of the Closing Date as though made at that date (except for those
representations and warranties that speak as of a specific date, which shall be so true and correct as of such specified date); and Yunfeng shall have performed, satisfied and complied in all material respects with the covenants and agreements
required by this Agreement to be performed, satisfied or complied with by Yunfeng at or prior to the Closing Date (including payment of the YF Aggregate Purchase Price as required pursuant to Section 2.3(b)(i) hereof and, if applicable,
payment of the YF Additional Purchase Price as required pursuant to Section 2.4(c)(ii) hereof). 
 (b) No Action. No
Law or judgment, order, injunction or decree entered by or with any Governmental Authority with competent jurisdiction, shall be in effect that enjoins, prohibits or materially alters the terms of the transactions contemplated hereby or by the
Transaction Documents, nor any legal, administrative, arbitral or other claims, suits, actions or proceedings or governmental or regulatory investigations challenging any Transaction Document or the transactions contemplated hereby and thereby, or
seeking to prohibit, alter, prevent or delay the Closing, shall have been instituted or being pending before any Governmental Authority. 

  
 21 

 (c) YF Officer’s Certificate. Yunfeng shall have delivered to the Company a
certificate, dated as of the Closing Date, executed by a duly authorized officer of Yunfeng, certifying to the fulfillment of the condition specified in Section 7.2(a) above. 

Section 7.3. Conditions to AIL’s Obligation to Exchange the Existing AIL Shares for the AIL Shares. The obligation of
AIL hereunder to exchange the Existing AIL Shares for the AIL Shares at the Closing pursuant to the repurchase of the Existing AIL Shares by the Company and the issuance by the Company to AIL of the AIL Shares is subject to the satisfaction or
waiver by AIL, at or before the Closing Date, of each of the following conditions: 
 (a) Representations and Warranties of the Company;
Covenants of the Company. The representations and warranties of the Company contained in Section 3.3 hereof shall be true and correct in all material respects (except for those representations and warranties that are qualified by
materiality or material adverse effect, which shall be true and correct to such extent) as of the date of this Agreement and as of the Closing Date as though made at that date (except for those representations and warranties that speak as of a
specific date, which shall be so true and correct in all material respects as of such specified date); provided that each representation or warranty made by the Company in Section 3.3(a) shall be true and correct in all respects as
of the date of this Agreement and as of the Closing Date as though made at that date (except for those representations and warranties that speak as of a specific date, which shall be so true and correct as of such specified date); and the Company
shall have performed, satisfied and complied in all material respects with the covenants and agreements required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date (including providing all
deliverables as required pursuant to Section 2.3(b)(iv) hereof and, if applicable, providing all deliverables as required pursuant to Section 2.4(c)(iii) hereof). 

(b) Representations and Warranties of Yunfeng; Covenants of Yunfeng. The representations and warranties of Yunfeng contained in
Section 3.2 hereof shall be true and correct in all material respects (except for those representations and warranties that are qualified by materiality or material adverse effect, which shall be true and correct to such extent) as of the date
of this Agreement and as of the Closing Date as though made at that date (except for those representations and warranties that speak as of a specific date, which shall be so true and correct in all material respects as of such specified date);
provided that each representation or warranty made by Yunfeng in Section 3.2(a) shall be true and correct in all respects as of the date of this Agreement and as of the Closing Date as though made at that date (except for those
representations and warranties that speak as of a specific date, which shall be so true and correct as of such specified date); and Yunfeng shall have performed, satisfied and complied in all material respects with the covenants and agreements
required by this Agreement to be performed, satisfied or complied with by Yunfeng at or prior to the Closing Date (including payment of the YF Aggregate Purchase Price as required pursuant to Section 2.3(b)(i) hereof). 

(c) Restated Memorandum and Articles. The Company shall have duly adopted an amendment and restatement to its current memorandum of
association and articles of association in the form attached hereto as Exhibit B (the “Restated Memorandum and Articles”), which shall become effective as of the Closing. 

  
 22 

 (d) No Action. No Law or judgment, order, injunction or decree entered by or with any
Governmental Authority with competent jurisdiction, shall be in effect that enjoins, prohibits or materially alters the terms of the transactions contemplated hereby or by the Transaction Documents, nor any legal, administrative, arbitral or other
claims, suits, actions or proceedings or governmental or regulatory investigations challenging any Transaction Document or the transactions contemplated hereby and thereby, or seeking to prohibit, alter, prevent or delay the Closing, shall have been
instituted or being pending before any Governmental Authority. 
 (e) Company Officer’s Certificate. The Company shall have
delivered to AIL a certificate, dated as of the Closing Date, executed by a duly authorized officer of the Company certifying to the fulfillment of the condition specified in Sections 7.3(a) and 7.3(c) and above. 

(f) YF Officer’s Certificate. Yunfeng shall have delivered to AIL a certificate, dated as of the Closing Date, executed by a
duly authorized officer of Yunfeng certifying to the fulfillment of the condition specified in Section 7.3(b) above. 

Section 7.4. Conditions to Yunfeng’s Obligation to Purchase. The obligation of Yunfeng hereunder to purchase the YF
Shares at the Closing is subject to the satisfaction or waiver by Yunfeng, at or before the Closing Date, of each of the following conditions: 

(a) Representations and Warranties of the Company; Covenants of the Company. The representations and warranties of the Company
contained in Section 3.3 hereof shall be true and correct in all material respects (except for those representations and warranties that are qualified by materiality or material adverse effect, which shall be true and correct to such extent) as
of the date of this Agreement and as of the Closing Date as though made at that date (except for those representations and warranties that speak as of a specific date, which shall be so true and correct in all material respects as of such specified
date); provided that each representation or warranty made by the Company in Section 3.3(a) shall be true and correct in all respects as of the date of this Agreement and as of the Closing Date as though made at that date (except for
those representations and warranties that speak as of a specific date, which shall be so true and correct as of such specified date); and the Company shall have performed, satisfied and complied in all material respects with the covenants and
agreements required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date (including providing all deliverables required pursuant to Section 2.3(b)(ii) hereof and, if applicable,
providing all deliverables as required pursuant to Section 2.4(c)(iv) hereof). 
 (b) Representations and Warranties of AIL;
Covenants of AIL. The representations and warranties of AIL contained in Section 3.1 hereof shall be true and correct in all material respects (except for those representations and warranties that are qualified by materiality or
material adverse effect, which shall be true and correct to such extent) as of the date of this Agreement and as of the Closing Date as though made at that date (except for those representations and warranties that speak as of a specific date, which
shall be so true and correct in all material respects as of such specified date); provided that each representation or warranty made by AIL in Section 3.1(a) shall be true and correct in all respects as of the date of this Agreement
and as of the Closing Date as though made at that date (except for those representations and warranties that speak as of a specific date, which shall be so true and correct as of such specified date); and AIL shall have performed, satisfied and
complied in all material respects with the covenants and agreements required by this Agreement to be performed, satisfied or complied with by AIL at or prior to the Closing Date (including the exchange of the Existing AIL Shares for the AIL Shares
at the Closing pursuant to the repurchase of the Existing AIL Shares by the Company and the issuance by the Company to AIL of the AIL Shares pursuant to Section 2.2 hereof and, if applicable, payment of the AIL Additional Purchase Price as
required pursuant to Section 2.4(c)(i) hereof). 

  
 23 

 (c) Restated Memorandum and Articles. The Company shall have duly adopted the Restated
Memorandum and Articles, which shall become effective as of the Closing. 
 (d) No Action. No Law or judgment, order, injunction
or decree entered by or with any Governmental Authority with competent jurisdiction, shall be in effect that enjoins, prohibits or materially alters the terms of the transactions contemplated hereby or by the Transaction Documents, nor any legal,
administrative, arbitral or other claims, suits, actions or proceedings or governmental or regulatory investigations challenging any Transaction Document or the transactions contemplated hereby and thereby, or seeking to prohibit, alter, prevent or
delay the Closing, shall have been instituted or being pending before any Governmental Authority. 
 (e) Company Officer’s
Certificate. The Company shall have delivered to Yunfeng a certificate, dated as of the Closing Date, executed by a duly authorized officer of the Company certifying to the fulfillment of the condition specified in Sections 7.4(a) and
7.4(c) above. 
 (f) AIL Officer’s Certificate. AIL shall have delivered to Yunfeng a certificate, dated as of the
Closing Date, executed by a duly authorized officer of AIL, certifying to the fulfillment of the condition specified in Section 7.4(b) above. 

ARTICLE VIII 

LIQUIDATION 

Section 8.1. Liquidation Rights. Upon any liquidation, dissolution or winding up (the “Liquidation”) of the
Company following the Closing, whether voluntary or involuntary, (a) any assets of the Company available for distribution that are attributable to the AIL Youku Shares shall be distributed to AIL, (b) any assets of the Company available
for distribution that are attributable to the YF Youku Shares shall be distributed to Yunfeng, and (c) any remaining assets of the Company available for distribution that are not attributable to Youku Shares shall be distributed to AIL and
Yunfeng pro rata (with AIL Shares and YF Shares for this purpose being treated as a single class of Ordinary Shares). 
 ARTICLE IX

 GENERAL PROVISIONS 

Section 9.1. Confidentiality. Each of the Company, AIL and Yunfeng hereby agrees that it will, and will cause its respective
Affiliates and its and their respective representatives to hold in strict confidence any non-public records, books, contracts, instruments, computer data and other data and information concerning the other parties hereto, whether in written, verbal,
graphic, electronic or any other form provided by any party hereto (except to the extent that such information has been (a) previously known by such party on a non-confidential basis from a source other than the other parties hereto or its
representatives, provided that, to such party’s knowledge, such source is not prohibited from disclosing such information to such party or its representatives by a contractual, legal or fiduciary obligation to the other parties hereto or
its representatives, (b) in the public domain through no breach of this Agreement by such party, (c) independently developed by such party or on its behalf, or (d) later lawfully acquired from other sources) (the “Confidential
Information”). In the event that a party hereto is requested or required by Law, regulatory authority (including the NYSE) or other applicable judicial or governmental order to disclose any Confidential Information concerning any of
the other parties hereto, such party shall, to the extent legally permissible, provide the other parties with sufficient advance written notice of such request or requirement and, if requested by another party hereto (at such other party’s sole
expense) assist such other party in seeking a protective order or other appropriate remedy to limit or minimize such disclosure. 

  
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 Section 9.2. Term. This Agreement shall be effective as of the date hereof and
terminate upon the earliest of (a) a written agreement to that effect, signed by all parties hereto, (b) June 10, 2014 if the Closing has not occurred prior to such date and AIL shall have delivered a written notice to the Company and
Yunfeng to terminate this Agreement, (c) the first date after the Closing Date on which AIL or Yunfeng ceases to hold any Ordinary Shares or other securities in the Company and (d) the date after the Closing Date on which the Company
transfers all of the YF Youku Shares to Yunfeng in accordance with the terms hereof, provided that Sections 5.4(b), 5.5 and 9.1 shall remain in full force and effect and survive any termination of this Agreement pursuant to
Section 9.2(c) or Section 9.2(d). 
 Section 9.3. Notices. Except as may be otherwise provided herein, any
notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must be in writing and will be deemed to have been delivered: (a) upon receipt, when delivered personally; (b) upon
receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (c) one (1) Business Day after deposit with an internationally recognized
overnight courier service; in each case properly addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be: 

If to the Company or AIL: 
  

			
	Address:	  	c/o Taobao China Holding Limited
		  	26/F, Tower 1, Times Square
		  	1 Matheson Street, Causeway Bay, Hong Kong
	Facsimile:	  	(852) 2215-5200
	Attention:	  	Timothy A. Steinert, Esq.

 with a copy (for informational purposes only) to: 

 

			
	Simpson Thacher & Bartlett
	Address:	  	ICBC Tower, 35/F, 3 Garden Road
		  	Hong Kong
	Facsimile:	  	(852) 2869-7694
	Attention:	  	Kathryn King Sudol, Esq.

  
 25 

 If to Yunfeng: 

			
	
	YF Venus Ltd
	Address:	  	c/o Suites 2201-03, 50 Connaught Road Central, Hong Kong
	Facsimile:	  	(852) 2516-6993
	Attention:	  	Huang Xin

 with a copy (for informational purposes only) to: 

 

			
	Shearman & Sterling LLP
	Address:	  	12th Floor, East Tower, Twin Towers
		  	B-12 Jianguomenwai Avenue
		  	Beijing, China 100022
	Facsimile:	  	(8610) 6563-6001
	Attention:	  	Lee Edwards

 A party may change or supplement the addresses given above, or designate additional addresses, for
purposes of this Section 9.3 by giving the other party written notice of the new address in the manner set forth above. 

Section 9.4. Entire Agreement. This Agreement (a) constitutes and contains the entire agreement and understanding of the
parties with respect to the subject matter hereof, together with the Transaction Documents, (b) amends, restates and replaces in its entirety the Prior Agreement and (c) supersedes any and all prior negotiations, correspondence,
agreements, understandings, duties or obligations between the parties respecting the subject matter hereof (other than, for the avoidance of doubt, the Transaction Documents). 

Section 9.5. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of
New York, without regard to principles of conflict of laws thereunder other than New York General Obligations Law Section 5-1401. 

Section 9.6. Dispute Resolution. Any dispute, controversy or claim arising out of or relating to this Agreement, including,
but not limited to, any question regarding the breach, termination or invalidity thereof shall be finally resolved by arbitration in Hong Kong in accordance with the rules (the “ICC Rules”) of the International Chamber of
Commerce in force at the time of commencement of the arbitration. 
 (a) The arbitral tribunal shall consist of three arbitrators. The
arbitrators shall be appointed in accordance with the ICC Rules. 
 (b) The language to be used in the arbitration proceedings shall be
English. 
 (c) Any arbitration award shall be (i) in writing and shall contain the reasons for the decision, (ii) final and
binding on the parties hereto and (iii) enforceable in any court of competent jurisdiction, and the parties hereto agree to be bound thereby and to act accordingly. 

  
 26 

 (d) In the event a dispute is referred to arbitration hereunder, the parties hereto shall
continue to exercise their remaining respective rights and fulfill their remaining respective obligations under this Agreement. 
 (e) It
shall not be incompatible with this arbitration agreement for any party to seek interim or conservatory relief from courts of competent jurisdiction before the constitution of the arbitral tribunal. 

Section 9.7. Severability. If any provision of this Agreement is found to be invalid or unenforceable, then such provision
shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible
interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits intended by the parties. In such
event, the parties shall use commercially reasonable efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement, which most nearly effects the parties’ intent in entering into this Agreement. 

Section 9.8. No Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of, and be
enforceable by, only the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever, under
or by reason of this Agreement. 
 Section 9.9. Successors and Assigns. The provisions of this Agreement shall inure to the
benefit of, and shall be binding upon, the successors and permitted assigns of the parties hereto. Except as otherwise provided herein, neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned by any
party hereto (whether by operation of law or otherwise) without the prior written consent of the other parties. 
 Section 9.10.
Construction. Each of the parties has participated in the drafting and negotiation of this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement must be construed as if it is drafted by all the parties
and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of authorship of any of the provisions of this Agreement. 

Section 9.11. Counterparts. This Agreement may be executed in two or more identical counterparts, all of which shall be
considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. A facsimile or “PDF” signature shall be considered due execution and shall be binding
upon the signatory thereto with the same force and effect as if the signature were an original. 
 Section 9.12. Specific
Performance. The parties hereto acknowledge and agree irreparable harm may occur for which money damages would not be an adequate remedy in the event that any of the provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached. It is accordingly agreed that, in addition to any other remedies at law or in equity, the parties to this Agreement shall be entitled to injunction to prevent breaches of this Agreement and to enforce
specifically the terms and provisions of this Agreement without posting any bond or other undertaking. 

  
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 Section 9.13. Amendment; Waiver. This Agreement may be amended, modified or
supplemented only by a written instrument duly executed by all the parties hereto. The observance of any provision in this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only by
the written consent of the party against whom such waiver is to be effective. Any amendment or waiver effected in accordance with this Section 9.13 shall be binding upon the Company, AIL and Yunfeng and their respective assigns. It is
agreed that no delay or omission to exercise any right, power or remedy accruing to any party, upon any breach, default or noncompliance by another party under this Agreement, shall impair any such right, power or remedy, nor shall it be construed
to be a waiver of any such breach, default or noncompliance, or any acquiescence therein, or of or in any similar breach, default or noncompliance thereafter occurring. 

Section 9.14. Expenses. Except as expressly provided herein, each party will bear its own costs and expenses incurred by it
or on its behalf in connection with this Agreement and the transactions contemplated hereby. 
 Section 9.15. Share Purchase and
Shareholders Agreement to Control. If, and to the extent that, there are inconsistencies between the provisions of this Agreement and those of the Memorandum and Articles, the terms of this Agreement shall control to the extent permissible
under any applicable Law. The parties agree to take all actions necessary or advisable, as promptly as practicable after the discovery of such inconsistency, to amend the Memorandum and Articles so as to eliminate such inconsistency to the extent
permissible under any applicable Law. 

  
 28 

 IN WITNESS WHEREOF, the parties have caused their respective duly authorized representatives to
execute this Agreement as of the date and year first above written. 
  

			
	ALI YK INVESTMENT HOLDING LIMITED
		
	By:	 	/s/ Timothy A. Steinert
		 	Name: Timothy A. Steinert
		 	Title: Authorized Signatory

 Yankee – Signature Page – A&R Share Purchase and Shareholders Agreement 

 
			
	ALIBABA INVESTMENT LIMITED
		
	By:	 	/s/ Timothy A. Steinert
		 	Name: Timothy A. Steinert
		 	Title: Authorized Signatory

 Yankee – Signature Page – A&R Share Purchase and Shareholders Agreement 

 
			
	YF VENUS LTD
		
	By:	 	/s/ Huang Xin
		 	Name: Huang Xin
		 	Title: Director

 Yankee – Signature Page – A&R Share Purchase and Shareholders Agreement

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