Document:

EXHIBIT 4.39

 Exhibit 4.39 
 This is an English Translation 
 November 24, 2011 

Equity Pledge Agreement 
 by and between 
 Ji Wei 

and 
 The9
Computer Technology Consulting (Shanghai) Co., Ltd. 
 Regarding 

Shanghai The9 Information Technology Co., Ltd.

 Equity Pledge Agreement 
 This Equity Pledge Agreement (hereinafter this “Agreement”) is entered into in Shanghai, the People’s Republic of China (hereinafter “PRC”) as of
November 24, 2011 by and between the following Parties: 
  

	(1)	Ji Wei, a PRC citizen with his identity card number:
                     and his domicile address at Back Building, 2F, No. 12, Lane 424, Huimin Road, Yangpu District, Shanghai (hereinafter the
“Pledgor”); 

  

	(2)	The9 Computer Technology Consulting (Shanghai) Co., Ltd., a company with limited liability incorporated in Shanghai, the PRC with its registered address at
Room 103, Building 3, No. 690 Bibo Road, Zhangjiang Hi-Tech Park, Shanghai, PRC (hereinafter the “Pledgee”). 

 (In this Agreement, both parties mentioned above are referred to individually as a “Party” and collectively as the “Parties”) 

WHEREAS: 
  

	(1)	The Pledgor is the shareholder of Shanghai The9 Information Technology Co., Ltd. (a company with limited liability established and validly existing under the PRC Laws,
hereinafter the “Company”) whose name appears on the register of members of the Company, legally holding 64% equity interests of the Company (hereinafter the “Company’s Equity”), and the capital contribution
and equity ratio of the Pledgor in the registered capital of the Company as of the date of this Agreement is set out in Appendix I hereto. 

  

	(2)	The Parties hereto entered into the Exclusive Call Option Agreement dated November 24, 2011 (hereinafter the “Call Option Agreement”), pursuant to
which the Pledgor shall, to the extent permitted by the PRC Laws, transfer at the request of the Pledgee all or part of its equity interests in the Company to the Pledgee and/or any other entities or persons designated by it.

  

	(3)	The Parties hereto entered into the Shareholder Voting Proxy Agreement dated November 24, 2011 (hereinafter the “Voting Proxy Agreement”),
pursuant to which the Pledgor shall irrevocably entrust any person then designated by the Pledgee with full power to exercise on its behalf all of its shareholder’s voting rights in the Company. 

 

	(4)	Pursuant to the Loan Agreement dated November 24, 2011 between the Pledgee and the Pledgor (hereinafter the “Loan Agreement”), the Pledgee has
already provided the Pledgor with a loan totaling Fourteen Million Seven Hundred and Twenty Thousand Renminbi (RMB14,720,000), which shall be repaid, in the sole discretion of the Pledgee, by the Pledgor immediately when the Pledgee makes a
repayment request to the Pledgor in written. 

  

	(5)	As the guarantee by the Pledgor for the performance of its Contractual Obligations (as defined below) and repayment of its Guaranteed Liabilities (as defined below),
the Pledgor agrees to pledge all the 64% Company’s Equity owned by it to the Pledgee, and grants herewith to the Pledgee the right of first priority in the pledge. 

 Therefore, the Parties have reached the following agreement upon mutual consultations: 

Article 1 — Definition 
  

	1.1	Except as otherwise construed in the context, the following terms in this Agreement shall be interpreted to have the following meanings: 

“Contractual Obligations” shall mean all contractual obligations of the Pledgor under this Agreement, the Loan Agreement,
Call Option Agreement and Voting Proxy Agreement; all contractual obligations of the Company under Voting Proxy Agreement. 

“Guaranteed Liabilities” shall mean all direct, indirect and derivative losses and loss of foreseeable profits suffered
by the Pledgee due to any Event of Default (as defined below) of the Pledgor and/or the Company, the amount of which shall be determined by the Pledgee in its absolute sole discretion and by which the Pledgor shall be fully bound; and all costs
incurred by the Pledgee for its enforcement of the Contractual Obligations of the Pledgor. 
 “Transaction
Agreements” shall mean the Loan Agreement, Call Option Agreement and Voting Proxy Agreement. 
 “Event of
Default” shall mean any breach by the Pledgor of its Contractual Obligations under the Loan Agreement, Call Option Agreement, Voting Proxy Agreement and/or this Agreement, and any breach by the Company of its Contractual Obligations under
the Voting Proxy Agreement. 
 “Pledged Property” shall mean all of the Company’s Equity legally owned by
the Pledgor when this Agreement becomes effective and which will be pledged to the Pledgee according to the provisions hereof as the guarantee for the performance by the Pledgor and the Company of their Contractual Obligations (please see
Appendix I hereto for the specific equity pledged by the Pledgor), and the increased capital contributions and dividends described under Articles 2.6 and 2.7 hereof. 
 “PRC Laws” shall mean the laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding regulatory documents of the People’s
Republic of China then in effect. 
  

	1.2	Any reference to the PRC Laws herein shall be deemed (1) to include the references to the amendments, changes, supplements and reenactments of such law,
irrespective of whether they take effect before or after the formation of this Agreement; and (2) to include the references to other decisions, notices and regulations enacted in accordance therewith or effective as a result thereof.

  

	1.3	Except as otherwise stated in the context herein, all references to an article, clause, item or paragraph shall refer to the relevant part of this Agreement.

 Article 2 — Equity Pledge 

 

	2.1	The Pledgor hereby agrees to pledge the Pledged Property which it legally owns and has the right to dispose of to the Pledgee according to the provisions hereof as the
guarantee for the performance of its Contractual Obligations and repayment of its Guaranteed Liabilities. 

	2.2	The Pledgor hereby undertakes that it will be responsible for, on the date hereof, recording the arrangement of the equity pledge hereunder (hereinafter the
“Equity Pledge”) on the register of members of the Company. The Parties shall, immediately after the execution hereof, make their best efforts to complete all formalities in relation to the Equity Pledge with the industrial and
commercial registration authority to which the Company relates as soon as possible. 

  

	2.3	During the term of this Agreement, except for the willful material negligence of the Pledgee or that such negligence is directly related as cause/result to the
consequence, the Pledgee shall not be liable in any way to, nor shall the Pledgor have any right to claim in any way or propose any demands on the Pledgee, in respect of the reduction in value of the Pledged Property. 

 

	2.4	Subject to compliance with Article 2.3 above, in case of any possibility of obvious reduction in value of the Pledged Property which is sufficient to jeopardize
the Pledgee’s rights, the Pledgee may demand the Pledgor to provide corresponding guarantee as supplements. Where the Pledgor fails to do so, the Pledgee may at any time auction or sell off the Pledged Property on behalf of the Pledgor, and
discuss with the Pledgor to use the proceeds from such auction or sale-off as pre-repayment of the Guaranteed Liabilities, or may submit such proceeds to the local notary institution where the Pledgee is domiciled (any costs incurred in relation
thereto shall be borne by the Pledgor). 

  

	2.5	In case of any Event of Default, the Pledgee shall have the right to dispose of the Pledged Property in the manner as set out in Article 4 hereof.

  

	2.6	The Pledgor shall not increase the capital of the Company unless with the prior consent of the Pledgee. The increased capital contribution of the Pledgor in the
registered capital of the Company due to the capital increase made by it shall also be deemed as part of the Pledged Property. 

  

	2.7	The Pledgor shall not receive dividends or bonus from the Pledged Property unless with the prior consent of the Pledgee. Any dividends received by the Pledgor in
connection with the Pledged Property shall be deposited by the Company into the bank account designated by the Pledgee, subject to the supervision of the Pledgee and used as the Pledged Property to first repay the Guaranteed Liabilities.

  

	2.8	The Pledgor agrees that they will be jointly and severally liable to the Pledgee for any Event of Default of the other Pledgor. Upon the occurrence of the Event of
Default, the Pledgee shall have the right to dispose of any Pledged Property of any of the Pledgor pursuant to this Agreement. 

 Article 3 — Release of Pledge 
  

	3.1	After the Pledgor and the Company have fully and completely performed all Contractual Obligations and repaid all Guaranteed Liabilities, the Pledgee shall, at the
request of the Pledgor, release the Equity Pledge hereunder, and shall cooperate with the Pledgor to cancel the record of the Equity Pledge in the register of members of the Company and the registration thereof with the industrial and commercial
registration authority to which the Company relates. All reasonable costs incurred by the release of the pledge shall be borne by the Pledgor. 

 Article 4 — Disposal of the Pledged Property 
  

	4.1	The Parties hereby agree that, in case of any Event of Default, the Pledgee shall have the right to exercise, upon giving written notice to the Pledgor, all remedies,
rights and powers for breach available to it under the PRC Laws, Transaction Agreements and the terms hereof, including (but not limited to) repayment in priority with proceeds from auctions or sale-offs of the Pledged Property. The Pledgee shall
not be liable for any loss arising from its reasonable exercise of such rights and powers. 

	4.2	The Pledgee shall have the right to designate in written its legal counsel or other agents to exercise on its behalf any and all rights and powers set out above, and
the Pledgor shall not oppose thereto. 

  

	4.3	With regard to the reasonable costs incurred by the Pledgee in connection with its exercise of any or all of the rights and powers set out above, the Pledgee shall have
the right to deduct such costs in exact amount from the proceeds it acquires from the exercise of such rights and powers. 

  

	4.4	The proceeds the Pledgee acquires from the exercise of its rights and powers shall be used in the following order: 

First, to pay any reasonable costs incurred in connection with the disposal of the Pledged Property and the exercise by the Pledgee of its
rights and powers (including remuneration paid to its legal counsel and agents); 
 Second, to pay any taxes payable for the
disposal of the Pledged Property; and 
 Third, to repay the Guaranteed Liabilities to the Pledgee. 

In case of any balance after payment of the above amounts, the Pledgee shall return the same to the Pledgor or other persons entitled
thereto according to the relevant laws and regulations, or submit the same to the local notary institution where the Pledgee is domiciled (any costs incurred in relation thereto shall be borne by the Pledgor). 

 

	4.5	The Pledgee shall have the option to exercise, simultaneously or in certain sequence, any of the remedies for breach to which it is entitled; the Pledgee shall not be
required to exercise other remedies for breach before its exercise of the right to the auctions or sale-offs of the Pledged Property hereunder. 

 Article 5 — Costs and Expenses 
  

	5.1	All actual expenses in connection with the creation of the Equity Pledge hereunder, including (but not limited to) stamp duties, any other taxes and all legal fees, etc
shall be borne by the Pledgor and the Pledgee on their own. 

 Article 6 — Continuity and No Waiver

  

	6.1	The Equity Pledge hereunder is a continuous guarantee, the validity of which shall continue until the full performance of the Contractual Obligations or the full
repayment of the Guaranteed Liabilities. Any exemption or grace period granted by the Pledgee in respect of any breach of the Pledgor, or delay by the Pledgee in exercising any of its rights under the Transaction Agreements and this Agreement shall
not affect the rights of the Pledgee under this Agreement, the relevant PRC Laws and the Transaction Agreements to demand, at any time thereafter, the strict performance of the Transaction Agreements and this Agreement by the Pledgor or the rights
to which the Pledgee may be entitled due to any subsequent breach by the Pledgor of the Transaction Agreements and/or this Agreement. 

 Article 7 — Representations and Warranties 
 The Pledgor jointly and severally
represents and warrants to the Pledgee as follows: 
  

	7.1	The Pledgor is a PRC citizen with full capacity, and has the legal right and capacity to execute this Agreement and to bear legal obligations hereunder.

	7.2	All reports, documents and information concerning all issues of the Pledgor and as required by this Agreement that are provided by the Pledgor to the Pledgee prior to
the effective date of this Agreement are true and correct in all material aspects as of the effective date hereof. 

  

	7.3	All reports, documents and information concerning all issues of the Pledgor and as required by this Agreement that are provided by the Pledgor to the Pledgee after the
effective date of this Agreement are true and valid in all material aspects at the time of their provisions. 

  

	7.4	At the time of the effectiveness of this Agreement, the Pledgor are the sole legal owner of the Pledged Property, with no existing dispute whatever concerning the
ownership of the Pledged Property. The Pledgor has the right to dispose of the Pledged Property or any part thereof. 

  

	7.5	Except for the encumbrance set on the Pledged Property hereunder and the rights set under the Transaction Agreements, there is no other encumbrance or third party
interest set on the Pledged Property. 

  

	7.6	The Pledged Property is capable of being pledged or transferred according to the laws, and the Pledgor has the full right and power to pledge the Pledged Property to
the Pledgee according to this Agreement. 

  

	7.7	This Agreement constitutes the legal, valid and binding obligations on the Pledgor when it is duly executed by the Pledgor. 

 

	7.8	Any consent, permission, waiver or authorization by any third person, or any approval, permission or exemption by any government authority, or any registration or
filing formalities (if required by laws) with any government authority to be handled or obtained in respect of the execution and performance hereof and the Equity Pledge hereunder have already been handled or obtained (subject to Article 2.2), and
will be fully effective during the term of this Agreement. 

  

	7.9	The execution and performance by the Pledgor of this Agreement are not in violation of or conflict with any laws applicable to it, or any agreement to which it is a
party or which has binding effect on its assets, any court judgment, any arbitration award, or any administration authority decision. 

  

	7.10	The pledge hereunder constitutes the encumbrance of first order in priority on the Pledged Property. 

 

	7.11	All taxes and costs payable in connection with acquisition of the Pledged Property have already been paid in full by the Pledgor. 

 

	7.12	There is no pending or, to the knowledge of the Pledgor, threatened litigation, legal proceeding or demand by any court or any arbitral tribunal against the Pledgor, or
its property, or the Pledged Property, nor is there any pending or, to the knowledge of the Pledgor, threatened litigation, legal proceeding or demand by any government authority or any administration authority against the Pledgor, or its property,
or the Pledged Property, which is of material or detrimental effect on the economic status of the Pledgor or its capability to perform the guarantee obligations and the obligations hereunder. 

 

	7.13	The Pledgor hereby warrants to the Pledgee that the above representations and warranties will be true and correct and fully performed in all circumstances at any time
before the Contractual Obligations are fully performed or the Guaranteed Liabilities are fully repaid. 

 Article 8 — Undertakings by Pledgor 

The Pledgor hereby severally and jointly undertakes to the Pledgee as follows: 

 

	8.1	In case that the value of the Pledged Property is detrimentally affected due to any cause not attributable to the Pledgee, the Pledgor shall, at the request of the
Pledgee, provide the Pledgee with further guarantee in the way and on the terms acceptable to the Pledgee so as to supplement or replace the Pledged Property fully. 

 

	8.2	Without the prior written consent of the Pledgee, the Pledgor shall not further create or permit the creation of any new pledge or any other encumbrance on the Pledged
Property; any pledge or other encumbrance on the whole or part of the Pledged Property created without the prior written consent by the Pledgee shall be null and void. 

 

	8.3	Without first giving written notice to the Pledgee and having the Pledgee’s prior written consent, the Pledgor shall not transfer the Pledged Property, and any
attempt by the Pledgor to transfer the Pledged Property shall be null and void. The proceeds from any transfer of the Pledged Property by the Pledgor shall be used to repay to the Pledgee in advance the Guaranteed Liabilities or submit the same to
the third party as agreed with the Pledgee. 

  

	8.4	In case of any litigation, arbitration or other demand which may affect detrimentally the interest of the Pledgor or the Pledgee under the Transaction Agreements and
hereunder or the Pledged Property, the Pledgor undertakes to notify the Pledgee thereof in written as soon as possible and promptly and shall take, at the reasonable request of the Pledgee, all necessary measures to ensure the pledged interest of
the Pledgee in the Pledged Property. 

  

	8.5	The Pledgor shall not carry on or permit any act or action which may affect detrimentally the interest of the Pledgee under the Transaction Agreements and hereunder or
the Pledged Property. The Pledgor shall give up the preemptive right to which they may be entitled when the Pledgee realizes its right to the pledge. 

  

	8.6	The Pledgor shall, during the first month of each calendar quarter, provide the Pledgee with the financial statement of the Company for the preceding calendar quarter,
including (but not limited to) its balance sheet, profit and loss statement and cash flow statement. 

  

	8.7	The Pledgor shall, after the execution hereof, make their best effort and take all necessary means to complete the registration of the Equity Pledge hereunder with the
relevant industrial and commercial administration departments as soon as possible. Moreover, the Pledgor guarantees that it shall, at the reasonable request of the Pledgee, take all necessary measures and execute all necessary documents (including
but not limited to supplementary agreement hereof) so as to ensure the pledged interest of Pledgee in the Pledged Property and the exercise and realization of the rights thereof. 

 

	8.8	In case of assignment of any Pledged Property as a result of the exercise of the right to the pledge hereunder, the Pledgor guarantees that it will take all necessary
measures to realize such assignment. 

  

	8.9	The Pledgor shall ensure that the procedures for convening shareholders’ meetings and board meetings of the Company for the purposes of executing this Agreement,
creating the pledge and exercising the right of pledge thereto, as well as the method of voting and matters put for voting shall not be in violation of laws, administrative regulations or the articles of association of the Company.

 Article 9 — Change of Circumstances 

 

	9.1	As supplement and without conflicting with other terms of the Transaction Agreements and this Agreement, in case that at any time the promulgation or change of any PRC
Laws, regulations or rules, or change in interpretation or application of such laws, regulations and rules, or the change of the relevant registration procedures enables the Pledgee to believe that it will be illegal or in conflict with such laws,
regulations or rules to further maintain the effectiveness of this Agreement and/or dispose of the Pledged Property in the way provided herein, the Pledgor shall, at the written direction of the Pledgee and in accordance with its reasonable request,
promptly take any action and/or execute any agreement or other document, in order to: 

  

	 	(1)	keep this Agreement and the right to the pledge hereunder remain in effect; 

	 	(2)	facilitate the disposal of the Pledged Property in the way as provided herein; and/or 

 

	 	(3)	maintain or realize the guarantee established or intended to establish hereunder. 

 Article 10 — Effectiveness and Term of This Agreement 
  

	10.1	This Agreement shall become effective upon the satisfaction of all of the following conditions: 

 

	 	(1)	this Agreement is duly executed by each of the Parties; 

  

	 	(2)	the Equity Pledge hereunder has been legally recorded in the register of members of the Company. 

After this Agreement becomes effective, the Pledgor shall, at the request of the Pledgee, provide the registration certificate of the
pledge issued by the industrial and commercial administration departments to the Pledgee in a way that is satisfactory to the Pledgee. 
  

	10.2	This Agreement shall remain effective until the full performance of the Contractual Obligations or the full repayment of the Guaranteed Liabilities.

 Article 11 — Notice 

 

	11.1	Any notice, request, demand and other correspondences required by this Agreement or made in accordance with this Agreement shall be delivered in written to the relevant
Party. 

  

	11.2	Any such notice or other correspondences shall be deemed to have been delivered when it is sent if delivery by facsimile or telex, when it is delivered if delivery in
person, and five (5) days after it was posted if delivery by post. 

 Article 12 — Miscellaneous

  

	12.1	Without the need to get Pledgor’s consent, the Pledgee may assign its rights and/or obligations hereunder to any third party after giving notice to the Pledgor;
however, the Pledgor shall not, without the Pledgee’s prior written consent, assign their respective rights, obligations and/or liabilities hereunder to any third party. Any successors or permitted assignees (if any) of the Pledgor shall
continue to perform the obligations of the Pledgor under this Agreement. 

  

	12.2	The amount of the Guaranteed Liabilities determined by the Pledgee in its sole discretion at the time when it exercises the right of pledge to the Pledged Property
according to this Agreement shall be the conclusive evidence of the Guaranteed Liabilities hereunder. 

	12.3	This Agreement is executed in Chinese in four (4) original sets, with one (1) original to be retained by each party hereto, and one original shall be used for
the application for registration of the Equity Pledge hereunder with the industrial and commercial registration authority to which the Company relates. 

  

	12.4	The formation, validity, execution, amendment, interpretation and termination of this Agreement shall be governed by the PRC Laws. 

 

	12.5	Any disputes arising out of and in connection with this Agreement shall be resolved through consultations between the Parties. If the Parties cannot reach an agreement
regarding such disputes within thirty (30) days of their occurrence, such disputes shall be submitted to China International Economic and Trade Arbitration Commission, Shanghai Branch, for arbitration in Shanghai in accordance with the
arbitration rules of such Commission, and the arbitration award shall be final and binding on the Parties. 

  

	12.6	None of the rights, powers and remedies granted to the Parties by any provisions herein shall preclude any other rights, powers and remedies available to such Parties
at law and under the other provisions of this Agreement, nor shall the exercise by a party of its rights, powers and remedies preclude any exercise by such party of its other rights, powers and remedies. 

 

	12.7	No failure or delay by a Party in exercising any of its rights, powers and remedies hereunder or in accordance with laws (hereinafter the “Party’s
Rights”) shall result in a waiver thereof, nor shall the waiver of any single or partial exercise of the Party’s Rights shall preclude such Party from exercising such rights in any other way and exercising the other Party’s
Rights. 

  

	12.8	The headings of the provisions herein are for reference only, and in no circumstances shall such headings be used for or affect the interpretation of the provisions
hereof. 

  

	12.9	Each provision contained herein shall be severable and independent from each of other provisions, and if at any time any one or more provisions herein become(s)
invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions herein shall not be affected as a result thereof. 

  

	12.10	Any amendments or supplements to this Agreement shall be made in written. Except for assignment by the Pledgee of its rights hereunder according to Article 12.1 of
this Agreement, the amendments or supplements to this Agreement shall become effective only when duly signed by the Parties to this Agreement. The Parties shall obtain permission from and/or complete registration or filing formalities with any
government authority according to laws if any amendment or supplement to this Agreement so requires. 

  

	12.11	This Agreement shall be binding on the legal successors of the Parties. 

  

	12.12	At the time of execution hereof, the Pledgor shall sign a power of attorney (hereinafter the “Power of Attorney”), the format of which is shown in
Appendix II, to authorize any person designated by the Pledgee to sign on its behalf according to this Agreement any and all legal documents necessary for the exercise by the Pledgee of its rights hereunder. Such Power of Attorney shall be
delivered to the Pledgee for custody and, when necessary, the Pledgee may at any time submit the Power of Attorney to the relevant government authority. 

 [The remainder of this page intentionally left blank] 

 IN WITNESS HEREOF, the Parties have caused this Equity Pledge Agreement to be executed as of the date
and in the place first above written. 
 Ji Wei 
 Signature: /s/ Ji Wei 
 The9 Computer Technology Consulting (Shanghai) Co., Ltd.

 (Company chop) 
 Company
chop is affixed 

 Appendix I: 
 Basic Information of Company 
  

			
	Company Name:	 	Shanghai The9 Information Technology Co., Ltd.
	Registered Address:	 	Room 201, Building 3, No. 690 Bibo Road, Zhangjiang Hi-Tech Park, Shanghai, PRC
	Registered Capital:	 	RMB23 million
	Legal Representative:	 	[Wang Yong]
	Shareholding Structure:	 	

  

									
	 Shareholder’s Name
	  	Contributed Capital (in RMB)	 	  	Proportion of Equity Interests	 
	 Ji Wei
	  	 	14,720,000	  	  	 	64	% 
	 Wang Yong
	  	 	8,280,000	  	  	 	36	% 
	 Total
	  	 	23,000,000	  	  	 	100	% 

 Financial Year:            January 1 to December 31

  
 Appendix I

 Appendix II: 
 Form of the Power of Attorney 
 I, Ji Wei, hereby irrevocably
appoint                    , ID
no.                    , as my attorney-in-fact to sign all the requisite or ancillary legal documents required for The9 Computer Technology
Consulting (Shanghai) Co., Ltd. to exercise its rights under the “Equity Pledge Agreement in relation to Shanghai The9 Information Technology Co., Ltd.” entered into between The9 Computer Technology Consulting (Shanghai) Co., Ltd. and
myself. 
  

	
	Signature:
	Date:

  
 Appendix IIEXHIBIT 4.40

 Exhibit 4.40 

This is an English Translation 
 November 24, 2011 
 Exclusive Call Option Agreement 

By and Among 
 Wang Yong 
 Ji Wei 

and 

The9 Computer Technology Consulting (Shanghai) Co., Ltd. 
 Regarding 
 Shanghai The9 Information Technology Co., Ltd.

 Exclusive Call Option Agreement 

This Exclusive Call Option Agreement (hereinafter this “Agreement”) is entered into in Shanghai, the People’s Republic of
China (hereinafter “PRC”) as of November 24, 2011 by and among the following Parties: 
  

	(1)	Wang Yong, a PRC citizen with his identity card number:
                     and his domicile address at Room 502, No. 33, Lane 100, Qishan Road, Pudong New District, Shanghai

  

	(2)	Ji Wei, a PRC citizen with his identity card number:
                     and his domicile address at Back Building, 2F, No. 12, Lane 424, Huimin Road, Yangpu District, Shanghai

 (Wang Yong and Ji Wei are hereinafter referred to individually or collectively as the “Existing
Shareholder(s)”) 
  

	(3)	The9 Computer Technology Consulting (Shanghai) Co., Ltd., a limited liability company established and validly existing under the PRC Laws with its registered address at
Room 103, Building 3, No. 690 Bibo Road, Zhangjiang Hi-Tech Park, Shanghai (hereinafter “The9 Computer”); 

 (In this Agreement, all parties mentioned above are referred to individually as a “Party” and collectively as the “Parties”) 

WHEREAS: 
  

	(1)	The Existing Shareholders are the shareholders of Shanghai The9 Information Technology Co., Ltd., a limited liability company established and validly existing under the
PRC Laws, hereinafter the “Company”) whose name appear on the register of members of the Company, legally holding all equity interests of the Company, and the capital contribution and equity ratio of the Existing Shareholders in the
registered capital of the Company as of the date of this Agreement are set out in Appendix I hereto. 

  

	(2)	The Existing Shareholders intend to transfer to The9 Computer and/or any other entity or individual designated by it, and The9 Computer intends to accept the transfer
of, all of their respective equity interests in the Company, subject to the PRC Laws. 

  

	(3)	In order to realize the equity transfer described above, the Existing Shareholders agree to grant to The9 Computer an exclusive and irrevocable equity transfer option,
respectively. Pursuant to the equity transfer option, the Existing Shareholders shall, at the request of The9 Computer and to the extent permitted by the PRC Laws, transfer the Option Equity (as defined below) to The9 Computer and/or any other
entity or individual designated by it in accordance with the provisions of this Agreement. 

 Therefore, the Parties have reached
the following agreement upon mutual consultations: 
 Article 1 — Definition 

 

	1.1	Except as otherwise construed in the context, the following terms in this Agreement shall be interpreted to have the following meanings: 

“PRC Laws” shall mean the laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other
binding regulatory documents of the People’s Republic of China (for the purpose of this Agreement, excluding Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan) then in effect. 

  
 2 

 “Transfer Option” shall mean the option to request for the purchase of equity interests in
the Company as granted by the Existing Shareholders to The9 Computer pursuant to the terms and conditions of this Agreement. 
 “Option
Equity” shall mean, in respect of each of the Existing Shareholders, all the equity interests held by him in the Company Registered Capital (as defined below); and in respect of all the Existing Shareholders, the equity interests accounting
for 100% of the Company Registered Capital. 
 “Company Registered Capital” shall mean the registered capital of the Company on
the date of this Agreement, i.e., RMB23,000,000, and shall include any expanded registered capital as a result of any capital increase within the term of this Agreement. 
 “Transferred Equity” shall mean the equity interests of the Company which The9 Computer has the right to require any of the Existing Shareholders to transfer to it or its designated
entity or individual in accordance with Article 3.2 hereof when The9 Computer exercises its Transfer Option, the quantity of which may be all or part of the Option Equity and the specific amount of which shall be determined by The9 Computer in
its sole discretion in accordance with the PRC Laws then in effect and based on its own commercial consideration. 
 “Exercise of
Option” shall mean any exercise by The9 Computer of its Transfer Option. 
 “Transfer Price” shall mean all the
considerations which The9 Computer or its designated entity or individual is required to pay to the Existing Shareholders in order to obtain the Transferred Equity upon each Exercise of Option. 

“Business Permits” shall mean any approvals, permits, filings and registrations etc. which the Company is required to have for legally
and validly operating all of its businesses, including but not limited to the Business License of the Corporate Legal Person, the Tax Registration Certificate, the Permit for Operations of Value-added Telecommunication Businesses with respect to the
business operation of internet information services, the Network Cultural Business Permit for operating internet cultural products containing online games, the approval document number required to obtain from internet publication institutions for
operating online games, the filings required to be made with the producers of electronic publications for producing electronic publications, and such other relevant licenses and permits as required by the PRC Laws then in effect. 

  
 3 

 “Company Assets” shall mean all the tangible and intangible assets which the Company owns
or has the right to dispose of during the term of this Agreement, including but not limited to any immoveable and moveable assets, and such intellectual property rights as trademarks, copyrights, patents, proprietary know-how, domain name, software
use right, and any investment interest. 
 “Material Asset” shall mean any asset which has a book value of RMB100,000 or more
or has a material impact on the businesses operation of any Party. 
 “Material Agreement” shall mean any agreement to which
the Company is a party and which has a material impact on the business or assets of the Company, including but not limited to the important agreements regarding the profit distribution of online games, its technical services, information
release/business of the Company. 
 “Exercise Notice” shall have the meaning ascribed to it in Article 3.5 of this
Agreement. 
 “Confidential Information” shall have the meaning ascribed to it in Article 6.1 of this Agreement.

 “Defaulting Party” shall have the meaning ascribed to it in Article 9.1 of this Agreement. 

“Default” shall have the meaning ascribed to it in Article 9.1 of this Agreement. 

“Party’s Rights” shall have the meaning ascribed to it in Article 10.5 of this Agreement. 

 

	1.2	Any reference to the PRC Laws herein shall be deemed (1) to include the references to the amendments, changes, supplements and reenactments of such law,
irrespective of whether they take effect before or after the formation of this Agreement; and (2) to include the references to other decisions, notices and regulations enacted in accordance therewith or effective as a result thereof.

  

	1.3	Except as otherwise stated in the context herein, all references to an article, clause, item or paragraph shall refer to the relevant part of this Agreement.

 Article 2 Grant of Transfer Option 

 

	2.1	The Existing Shareholders hereby severally and jointly agree to grant to The9 Computer an irrevocable, unconditional and exclusive Transfer Option. Pursuant to the
Transfer Option, The9 Computer shall have the right to, to the extent permitted by the PRC Laws, require the Existing Shareholders to transfer the Option Equity to The9 Computer or its designated entity or individual according to the terms and
conditions of this Agreement. The9 Computer also agrees to accept such Transfer Option. 

  
 4 

 Article 3 Method for Exercise of Option 

 

	3.1	Subject to the terms and conditions of this Agreement, The9 Computer shall have the absolute sole discretion to determine the specific time, method and times of its
Exercise of Option to the extent permitted by the PRC Laws. 

  

	3.2	If The9 Computer and/or any other entity or individual designated by it is/are permitted by the PRC Laws then in effect to hold all the equity interests of the Company,
The9 Computer shall have the right to elect to exercise all of its Transfer Option on a one-off basis, and The9 Computer and/or any other entity or individual designated by it shall accept the one-off transfer of all the Option Equity from the
Existing Shareholders; if The9 Computer and/or any other entity or individual designated by it is/are permitted by the PRC Laws then in effect to hold only part of the equity interests of the Company, The9 Computer shall have the right to determine
the amount of the Transferred Equity within the extent of not exceeding the upper limit of shareholding ratio as specified by the PRC Laws then in force (hereinafter the “Shareholding Limit”), and shall also have the right to
designate at its own will the amount of the Transferred Equity that the Existing Shareholders shall transfer to The9 Computer and/or any entity or individual designated by it in such Exercise of Option. In the latter case, The9 Computer shall have
the right to exercise its Transfer Option at multiple times in line with the gradual release of the PRC Laws on the permitted Shareholding Limit, with a view to ultimately acquiring all the Option Equity. 

 

	3.3	At each Exercise of Option by The9 Computer, each of the Existing Shareholders shall transfer the Transferred Equity to The9 Computer and/or any other entity or
individual designated by it in the amount requested by The9 Computer. The9 Computer and any other entity or individual designated by it shall pay the Transfer Price in respect of the Transferred Equity accepted in each Exercise of Option to the
Existing Shareholders transferring such Transferred Equity. 

  

	3.4	Subject to the terms and conditions of this Agreement and without violating the PRC Laws then in effect, The9 Computer may accept the transfer of the Transferred Equity
by itself or designate any third party to accept the transfer of all or part of the Transferred Equity in each Exercise of Option. 

  

	3.5	Having decided each Exercise of Option, The9 Computer shall issue to the Existing Shareholders a notice for exercising the Transfer Option (hereinafter the
“Exercise Notice”, the form of which is set out in Appendix II hereto). The Existing Shareholders shall, upon receipt of the Exercise Notice, forthwith transfer the Transferred Equity to The9 Computer and/or any other entity or
individual designated by it in such method as described in Article 3.3 hereof. 

  

	3.6	Each of the Existing Shareholders hereby jointly and severally undertake and guarantee that once The9 Computer issues the Exercise Notice: 

 

	 	(1)	he shall immediately convene a shareholders’ meeting, pass shareholders’ resolution and take all other necessary actions to approve the transfer by any
Existing Shareholder of all the Transfer Option at the Transfer Price to The9 Computer and/or any other entity or individual designated by it, and give up any pre-emptive right owned by him (if any); 

 

	 	(2)	he shall immediately enter into an equity transfer agreement with The9 Computer and/or any other entity or individual designated by it for the transfer of all the
Transferred Equity at the Transfer Price to The9 Computer and/or any other entity or individual designated by it; 

  

	 	(3)	he shall provide The9 Computer with necessary support (including providing and executing all relevant legal documents, performing all government approval and
registration procedures and assuming all relevant obligations) as per its request and in accordance with the requirements of the laws and regulations, so that The9 Computer and/or any other entity or individual designated by it can acquire all the
Transferred Equity, free from and clear of any legal defect and any encumbrance, third party right or any other restriction on equity interests. 

  
 5 

	3.7	In respect of the Transfer Option, at each Exercise of Option by The9 Computer, all the Transfer Price that shall be paid by The9 Computer or its designated entity or
individual to each of the Existing Shareholders shall be the book value of the Company Registered Capital that is corresponding to the Transferred Equity. If, however, the lowest price permitted by the PRC Laws then in force is higher than the book
value of the Company Registered Capital, the Transfer Price shall be the lowest price permitted by the PRC Laws. 

Article 4 Representations and Warranties 
  

	4.1	Each of the Existing Shareholders hereby jointly and severally represents and warrants as follows: 

 

	 	4.1.1	He is a PRC citizen with full capacity, has full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and may act
independently as a party to lawsuit. 

  

	 	4.1.2	He has full power to execute, deliver and perform this Agreement and all the other documents to be signed by him in relation to the transaction referred to herein, and
he has the full power to complete the transaction referred to herein. 

  

	 	4.1.3	This Agreement shall be executed and delivered by him legally and properly. This Agreement constitutes the legal and binding obligations on him and is enforceable
against him in accordance with its terms and conditions. 

  

	 	4.1.4	He is the legal owner of the Option Equity whose name appears on the register of members of the Company as of the effective date of this Agreement, and except the
pledge right created by the Equity Pledge Agreement dated November 24, 2011 between The9 Computer and the Existing Shareholders, the delegated power created by the Shareholders’ Voting Proxy Agreement dated November 24, 2011 among the
Company, The9 Computer and the Existing Shareholders, and the rights created by this Agreement, there is no lien, pledge, claim and other encumbrances and third party rights on the Option Equity. In accordance with this Agreement, The9 Computer
and/or any other entity or individual designated by it may, upon the Exercise of Option, obtain a good title to the Transferred Equity, free from and clear of any lien, pledge, claim and other encumbrances or third party rights.

  

	 	4.1.5	The execution, delivery and performance by the Existing Shareholders of this Agreement and the consummation by the Existing Shareholders of the transactions
contemplated hereby do not violate any provisions of the PRC Laws, and any of its agreements, contracts and other arrangements with any third party by which he is bound. 

 

	4.2	The9 Computer hereby represents and warrants as follows: 

  

	 	4.2.1	The9 Computer is a wholly foreign-owned company with limited liability duly incorporated and legally existing under the PRC Laws and possesses an independent legal
person qualification. The9 Computer has full and independent legal status and legal capacity to execute, deliver and perform this Agreement and may act independently as a party to lawsuit. 

 

	 	4.2.2	The9 Computer has the full corporate power and authority to execute, deliver and perform this Agreement and all the other documents to be signed by it in relation to
the transaction referred to herein, and it has the full power and authority to complete the transaction referred to herein. 

  
 6 

 Article 5 Undertakings by Existing Shareholders 

Each of the Existing Shareholders hereby severally and jointly undertakes as follows: 

 

	5.1	He shall take all necessary measures during the term of this Agreement to ensure that the Company is able to obtain all the Business Permits timely and all the Business
Permits remain to be valid at any time. 

  

	5.2	Without the prior written consent by The9 Computer during the term of this Agreement, 

 

	 	5.2.1	none of the Existing Shareholders shall transfer or otherwise dispose of any Option Equity or create any encumbrance or other third party rights on any Option Equity;

  

	 	5.2.2	he shall not increase or decrease the Company Registered Capital, or cause/approve the Company to be divided or merged with any other entity; 

 

	 	5.2.3	he shall not dispose of or cause the management of the Company to dispose of any Material Asset (other than in the ordinary course of business), or create any
encumbrance or other third party rights on any Material Asset; 

  

	 	5.2.4	he shall not terminate or cause the management of the Company to terminate any Material Agreements entered into by the Company, or enter into any other agreements in
conflict with the existing Material Agreements; 

  

	 	5.2.5	he shall not appoint or replace any executive directors or members of the board (if any) or supervisors of the Company or any other management personnel of the Company
who shall be appointed or dismissed by the Existing Shareholders; 

  

	 	5.2.6	he shall not procure the Company to declare the distribution of or in practice release any distributable profit, bonus, share profit or dividend;

  

	 	5.2.7	he shall ensure that the Company validly exists and is not terminated, liquidated or dissolved; 

 

	 	5.2.8	he shall not amend the articles of association of the Company; 

  

	 	5.2.9	he shall ensure that the Company shall not lend or borrow any money, or provide guarantee or engage in security activities in any other forms, or bear any substantial
obligations other than in the ordinary course of business; 

  

	 	5.2.10	he shall not in any way make or authorize others (including but not limited to the Company’s directors nominated by him) to make any resolution, instruction,
consent or order to procure the Company to carry out any transaction that would or might substantially affect any asset, right, obligation or business of the Company (including its branches, subsidiaries or affiliates) (hereinafter
“Prohibited Transaction”), nor sign any agreement, contract, memorandum or transaction document of any other form in respect of the Prohibited Transaction (hereinafter “Prohibited Document”), nor shall he allow any
Prohibited Transaction to be carried out nor any Prohibited Documents to be signed through omission to act; and 

  

	 	5.2.11	he shall not cause the Company or the management of Company to approve any of the following acts of the Company’s subsidiaries or affiliates (collectively referred
to the “Subsidiaries”): 

  

	 	(a)	to increase or decrease any Subsidiary’s registered capital, or cause/approve any Subsidiary to be divided or merged with any other entity;

  
 7 

	 	(b)	to dispose of or cause the management of the Subsidiaries to dispose of any Material Assets of any Subsidiary (other than in the ordinary course of business), or create
any encumbrance or other third party rights on the Material Asset; 

  

	 	(c)	to terminate or cause the management of the Subsidiaries to terminate any Material Agreements entered into by any Subsidiary, or enter into any other agreements in
conflict with the existing Material Agreements; 

  

	 	(d)	to appoint or replace any directors or supervisors of any Subsidiary or any other management personnel of such Subsidiary who shall be appointed or dismissed by the
Company; 

  

	 	(e)	to terminate, liquidate or dissolve any Subsidiary or act in any way that damages or is likely to damage the valid existence of any Subsidiary;

  

	 	(f)	to amend the articles of association of any Subsidiary; and 

  

	 	(g)	to lend or borrow any money, or provide guarantee or engage in security activities in any other forms, or bear any substantial obligations other than in the ordinary
course of business. 

  

	5.3	Within the term of this Agreement, he shall make his best effort to develop the business of the Company and ensure that the operation of the Company is legal and in
compliance with the regulations, and he will not engage in any act or omission to act which may damage the Company’s (including the Subsidiaries’) assets, goodwill or affect the validity of the Business Permits of the Company.

  

	5.4	Within the term of this Agreement, he shall timely notify The9 Computer of any situation that may have a material adverse effect on the existence, business operation,
financial condition, assets or goodwill of the Company (including the Subsidiaries), and shall timely take all the measures approved by The9 Computer to remove such adverse situation or take effective remedial measures with respect thereto.

  

	5.5	He will procure any director of the Company nominated by him or any management personnel of the Company recommended by him (if any) to strictly observe the above
undertakings when performing their duties as director or management personnel of the Company, and shall not in any way engage in any act or omission to act that is in conflict with any such undertaking. 

 

	5.6	If the total amount of the Transfer Price obtained by any Existing Shareholder with respect to the Transferred Equity held by him is higher than his capital
contribution to the Company, or he receives any form of profit distribution, share profit, dividend or bonus from the Company, then the Existing Shareholder agrees that he will, subject to the provisions of the PRC Laws, give up the premium earnings
and any profit distribution, share profit, dividend or bonus (after the deduction of relevant taxes), and The9 Computer shall be entitled thereto. Otherwise, such Existing Shareholder shall compensate The9 Computer and/or any other entity or
individual designated by it for any loss incurred as a result thereof. 

 Article 6 Confidentiality

  

	6.1	Regardless of whether this Agreement has terminated or not, the Parties shall keep in strict confidence all the trade secrets, proprietary information and customer
information and all other information of a confidential nature about the other Parties known by them during the execution and performance of this Agreement (hereinafter collectively the “Confidential Information”). Unless a prior
written consent is obtained from the Party disclosing the Confidential Information or unless it is required to be disclosed to third parties according to the relevant laws and regulations or the requirement of the country on which any affiliate of a
Party is listed, the Party receiving the Confidential Information shall not disclose to any third party any Confidential Information. The receiving Party shall not use or indirectly use any Confidential Information other than for the purpose of
performing this Agreement. 

  
 8 

	6.2	The following information shall not deemed as the Confidential Information: 

 

	 	(a)	any information that has been legally known by receiving Party before as evidenced by written documents; 

 

	 	(b)	any information entering into the public domain not attributable to the fault of the receiving Party; or 

 

	 	(c)	any information lawfully acquired by the receiving Party through other sources after his/its receipt of such information. 

 

	6.3	The receiving Party may disclose the Confidential information to his/its relevant employees, agents or professionals retained by him/it. However, the receiving Party
shall ensure that the aforesaid personnel shall comply with the relevant terms and conditions of this Agreement and be responsible for any liability incurred in connection with any breach by such personnel of the relevant terms and conditions
hereof. 

  

	6.4	Notwithstanding any other provisions herein, the effect of this Article shall not be affected by the suspension or termination of this Agreement.

 Article 7 Term of Agreement 

 

	7.1	This Agreement shall become effective once it is duly signed by the Parties, and shall terminate after all the Option Equity is legally transferred to The9 Computer
and/or any other entity or individual designated by it in accordance with the provisions of this Agreement. 

Article 8 Notice 
  

	8.1	Any notice, request, demand and other correspondences required by this Agreement or made in accordance with this Agreement shall be delivered in writing to the relevant
Party. 

  

	8.2	Any such notice or other correspondences shall be deemed to have been delivered when it is sent if delivery by facsimile or telex, when it is delivered if delivery in
person, and five (5) days after it was posted if delivery by post. 

  

	8.3	Any notice, request, demand and other correspondences made to The9 Computer shall be delivered to the address of the Company as first above written.

 Article 9 Liabilities for Breach of Contract 

 

	9.1	The Parties agree and confirm that, if any Party (hereinafter the “Defaulting Party”) substantially violates any of the provisions herein or
substantially fails to perform any of the obligations hereunder, such violation or failure shall constitute a default under this Agreement (hereinafter a “Default”), and the non-defaulting Party shall have the right to require the
Defaulting Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such a reasonable period or within ten (10) days after the
non-defaulting Party notifies the Defaulting Party in writing and require it to rectify the Default, then the non-defaulting Party shall have the right at its own discretion to decide the following: 

 

	 	9.1.1	if any Existing Shareholder or the Company is the Defaulting Party, The9 Computer shall be entitled to terminate this Agreement and require the Defaulting Party to make
compensation for damages; 

  
 9 

	 	9.1.2	if The9 Computer is the Defaulting Party, the non-defaulting Party shall be entitled to require the Defaulting Party to make compensation for damages, but unless
otherwise provided by law, the non-defaulting Party shall have no right to terminate or discharge this Agreement in any circumstances. 

  

	9.2	The rights and remedies set out herein shall be cumulative, and shall not preclude any other rights or remedies provided by law. 

 

	9.3	Notwithstanding any other provisions herein, the effect of this Article shall not be affected by the suspension or termination of this Agreement.

 Article 10 Miscellaneous 

 

	10.1	This Agreement is executed in Chinese in three (3) originals, with one (1) original to be retained by each Party hereto. 

 

	10.2	The formation, effectiveness, performance, amendment, interpretation and termination of this Agreement shall be governed by the PRC Laws. 

 

	10.3	Any disputes arising out of and in connection with this Agreement shall be resolved through consultations among the Parties. If the Parties cannot reach an agreement
regarding such disputes within thirty (30) days of their occurrence, such disputes shall be submitted to China International Economic and Trade Arbitration Commission, Shanghai Branch, for arbitration in Shanghai in accordance with the
arbitration rules of such Commission, and the arbitral award shall be final and binding on the Parties. 

  

	10.4	None of the rights, powers and remedies granted to any Party by any provisions herein shall preclude any other rights, powers and remedies available to such Party at
law and under the other provisions of this Agreement, nor shall the exercise by a Party of its rights, powers and remedies preclude any exercise by such Party of its other rights, powers and remedies. 

 

	10.5	Any failure or delay by a Party in exercising any of its rights, powers and remedies hereunder or in accordance with laws (hereinafter the “Party’s
Rights”) shall not result in a waiver thereof, nor shall the waiver of any single or partial exercise of the Party’s Rights preclude such Party from exercising such rights in any other way and exercising the other Party’s Rights.

  

	10.6	The headings of the provisions herein are for reference only, and in no circumstances shall such headings be used for or affect the interpretation of the provisions
hereof. 

  

	10.7	Each provision contained herein shall be severable and independent from each of other provisions, and if at any time any one or more provisions herein become(s)
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions herein shall not be affected as a result thereof. 

  

	10.8	This Agreement, once executed, shall supersede any other previous legal documents executed by the Parties with respect to the subject matter hereof. Any amendments or
supplements to this Agreement shall be made in writing and shall become effective only when duly signed by the Parties to this Agreement. 

  

	10.9	Without the prior written consent of The9 Computer, neither the Existing Shareholders nor the Company shall transfer any of their/its rights and/or obligations
hereunder to any third parties. The Existing Shareholders and the Company hereby agree that The9 Computer shall be entitled to transfer any of its rights and/or obligations hereunder to any third party after serving written notice to the Existing
Shareholders. 

  
 10 

	10.10	This Agreement shall be binding on the legal successors of the Parties. 

 [The remainder of this page intentionally left blank] 

  
 11 

 IN WITNESS HEREOF, the Parties have caused this Exclusive Call Option Agreement to be executed as of
the date and in the place first above written. 
  

	
	Wang Yong
	
	Signature: /s/ Wang Yong
	
	Ji Wei
	
	Signature: /s/ Ji Wei

 The9 Computer Technology Consulting (Shanghai) Co., Ltd. 
 (Company chop) 
 Company chop is affixed 

  
 12 

 Appendix I: 
 Basic Information of Company 
  

			
	Company Name:	  	Shanghai The9 Information Technology Co., Ltd.
		
	 Registered Address:
	  	Shanghai, PRC
		
	 Registered Capital:
	  	RMB23 million
		
	 Legal Representative:
	  	[Wang Yong]
		
	Shareholding Structure:	  	

  

									
	 Shareholder’s Name
	  	Contributed
Capital
(in RMB)	 	  	Proportion
of Equity
Interests	 
	 Wang Yong
	  	 	8,280,000	  	  	 	36	% 
	 Ji Wei
	  	 	14,720,000	  	  	 	64	% 
	 Total
	  	 	23,000,000	  	  	 	100	% 

  

			
	Financial Year:	  	January 1 to December 31

  
 13 

 Appendix II 
 Form of the Option Exercise Notice 
 To:
                            : 
 WHEREAS this Company and you signed an Exclusive Call Option Agreement as of November 24, 2011 (“Option Agreement”), and agreed that you shall transfer the equity you hold in Shanghai The9
Information Technology Co., Ltd. (hereinafter “Company”) to this Company or any third parties designated by this Company on demand of this Company to the extent as permitted by the PRC Laws and regulations. 

This Company hereby gives this Notice to you as follows: 
 This Company hereby requires to exercise the Transfer Option under the Option Agreement and [this Company]/[name of company/individual] designated by this Company shall accept the equity you hold
accounting for             % of the Company’s Registered Capital (hereinafter the “Proposed Equity to be Transferred”). You are required to forthwith transfer all the
Proposed Equity to be Transferred to [this Company]/[name of designated company/individual] upon receipt of this Notice in accordance with the agreed terms in the Option Agreement. 

The9 Computer Technology Consulting (Shanghai) Co., Ltd. 
 (Company Chop) 
 Authorized Representative:
                             
 Date:                              

  
 14

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