Document:

EX-10.82

 Exhibit 10.82 

SOGOU INC. 
 2017 SHARE
INCENTIVE PLAN 
 (amended and restated as of December 28, 2017) 

 

	1.	Purposes of this Plan 

 This 2017 Share Incentive Plan (this “Plan”) is
intended to provide incentives: (a) to the directors, officers, employees, consultants and advisors of Sogou Inc., a Cayman Islands company (the “Company”), and any present or future parents or subsidiaries of the Company by providing
them with opportunities to (i) acquire Ordinary Shares of the Company pursuant to options (“Options”) granted hereunder, (ii) to receive Restricted Share Unit awards (“RSU”), and (iii) to make direct purchases of
Ordinary Shares of the Company, subject to vesting (“Restricted Shares”). In addition to Options, RSUs, and Restricted Shares, other Awards involving Ordinary Shares and other Awards that are valued in whole or in part by reference to, or
are otherwise based upon or settled in, Ordinary Shares, including (without limitation) unrestricted Shares, performance units, share appreciation rights, dividend equivalents, and convertible debentures, may be granted or sold under this Plan. 

 

	2.	Definitions 

 “Applicable Laws” means laws of the Company’s
jurisdictions of incorporation and operation and requirements relating to the granting or sale of equity incentives and the administration of equity share incentive plans under the laws of any country or other jurisdiction where Awards are issued or
sold under this Plan, and under the rules of any securities exchange on which the Company’s Ordinary Shares are listed. 

“Award” means an Option, RSU, Restricted Share, or other share-based award or right granted or sold pursuant to the terms of this
Plan. 
 “Award Agreement” means a written or electronic document or agreement setting forth the terms and conditions of a
specific Award. 
 “Board” means the Board of Directors of the Company. 

“Compensation Committee” means the full Board or a Compensation Committee appointed by the Board, which Compensation Committee will
be constituted to comply with Applicable Laws and which will administer this Plan in accordance with Section 4 below. 

“Company” means Sogou Inc., a company incorporated under the laws of the Cayman Islands. 

“Consultant” means any person who is engaged by the Company or any Parent or Subsidiary to render consulting or advisory services to
such entity, but is not an employee of the Company or any Parent or Subsidiary. 
 “Director” means a member of the Board. 

“Disability” means any total and permanent disability which prevents a Service Provider from continuing in such capacity. 

“Employee” means any person employed by the Company or any Parent or Subsidiary of the Company. A person will not cease to be an
Employee solely by virtue of also being a Director of the Company. A Service Provider will not cease to be an Employee in the case of: 
 (i)
any leave of absence approved by the Company; or 

 (ii) transfers between locations of the Company or between the Company, any Parent, or any
Subsidiary, or any successor to the Company or any Parent or Subsidiary. 
 “Exchange” means NASDAQ, the New York Stock Exchange
or any other internationally recognized stock exchange of similar prestige and liquidity. 
 “Exchange Act” means the U.S.
Securities Exchange Act of 1934, as amended and in effect on any given date. 
 “Fair Market Value” as of any given date means,
unless otherwise defined in an Award Agreement, if the Ordinary Shares are listed on an Exchange, the closing price for the Ordinary Shares on such exchange, or if Shares were not traded on such exchange on such given date, then on the next
preceding date on which Shares were traded, all as reported in The Wall Street Journal or such other resource as the Compensation Committee deems reliable. If the Ordinary Shares are listed on an Exchange, in the event that an Award is granted on
any given date prior to the time that trading has ended on the applicable exchange on such date, Fair Market Value may be determined as of the date preceding such grant. If the Ordinary Shares are not listed on an Exchange, Fair Market Value shall
be determined by the Compensation Committee in its good faith discretion, using such methods of appraisal and valuation as it deems appropriate. 

“Holder” means the holder of an outstanding Award granted or issued under this Plan. 

“Memorandum and Articles of Association” means the Memorandum and Articles of Association of the Company, as amended and effective
from time to time. 
 “Option” means an option granted pursuant to this Plan to purchase Ordinary Shares. 

“Ordinary Shares” means the Class A Ordinary Shares in the capital of the Company, having the rights, restrictions, privileges
and preferences set forth in the Memorandum and Articles of Association of the Company. 
 “Outside Director” means a member of
the Board who is not an Employee or Consultant. 
 “Parent” means any entity which holds directly or indirectly more than fifty
percent of the voting equity of the Company. 
 “Plan” means this 2017 Share Incentive Plan, as amended from time to time. 

“Restricted Share” means an Ordinary Share issued subject to forfeiture or repurchase by the Company until vested. 

“Restricted Share Unit” or “RSU” means a grant of a hypothetical number of Ordinary Shares, to be settled upon vesting in
either Ordinary Shares or cash, as determined by the Compensation Committee. 
 “Service Provider” means an Employee, Director, or
Consultant. 
 “Share” means an Ordinary Share. 

“Subsidiary” means any entity in which the Company holds directly or indirectly more than fifty percent of the voting equity. 

“Tax Law” means the relevant tax legislation of an applicable jurisdiction, as amended from time to time and in effect on any given
date. 
 “Underlying Shares” means the Ordinary Shares subject to Options or issuable upon vesting and settlement of RSUs. 

  
 2 

 “U.S. GAAP” means generally accepted accounting principles in the United States as in
effect from time to time. 
 “U.S. Incentive Stock Options” means Options intended to qualify as incentive stock options within
the meaning of Section 422 of the U.S. Internal Revenue Code. 
 “U.S. Internal Revenue Code” means the U.S. Internal Revenue
Code of 1986, as amended from time to time and in effect on any given date. 
 “U.S.
Non-Qualified Stock Option” means an Option not intended to qualify as a U.S. Incentive Stock Option. 

Except where otherwise indicated by the context, the masculine gender will include the feminine gender, and the definition of any term herein
in the singular also will include the plural. 
  

	3.	Shares Subject to this Plan 

 (a) Number of Shares Available

 Subject to the provisions of Section 3(b) and Section 10 of this Plan, the maximum number of Ordinary Shares that may be
subject to Awards granted and sold under this Plan is 28,000,000, which shall not be increased within four (4) years following the date of the effectiveness of this Plan. At all times during the term of this Plan and while any Awards are
outstanding, the Company will retain as authorized and unissued Ordinary Shares, or as treasury shares, at least the number of Shares from time to time required under the provisions of this Plan, or otherwise assure itself of its ability to perform
its obligations hereunder. 
 (b) Treatment of Expired, Unvested Shares 

If an Award expires or terminates for any reason or becomes unexercisable without having been exercised or settled in full, the unissued Shares
which were subject thereto will become available for future grant, issuance or sale under this Plan. Shares that have actually been issued under this Plan will not be returned to this Plan and will not become available for future distribution under
this Plan, except that if Restricted Shares are repurchased by the Company at their original purchase price and cancelled, such Shares will become available for future grant or issuance under this Plan. 

 

	4.	Administration of this Plan 

 (a) Compensation Committee

 This Plan will be administered by the Compensation Committee. If the Company has any class of equity security registered under
Section 12 of the Exchange Act, and the Company is not a “foreign private issuer” as that term is defined in Rule 3b-4 under the Exchange Act, with the result that the Company’s executive
officers and directors become subject to Section 16 of the Exchange Act, this Plan generally will be administered so as to cause transactions in securities issued or to be issued under this Plan to be afforded the exemptions from
Section 16(b) of the Exchange Act provided by Rule 16b-3 under the Exchange Act or any similar successor statute or rules. 

(b) Powers of the Compensation Committee 

Subject to the provisions of this Plan and, in the case of the Compensation Committee, the specific duties delegated by the Board to the
Compensation Committee, and subject to the approval of any relevant authorities, the Compensation Committee will have the authority in its discretion: 

(i) to determine the Fair Market Value; 

(ii) to determine the types of Awards to be granted. 

  
 3 

 (iii) to select the Service Providers to whom Awards may from time to time be made; 

(iv) to determine the number of Shares or RSUs to be covered by each Award granted; 

(v) to approve forms of Award Agreement; 

(vi) to determine the terms and conditions of any Award. Such terms and conditions include, but are not limited to, the exercise price, the
time or times when Options may be exercised, RSUs may be vested or Restricted Shares may no longer be subject to the repurchase right of the Company, or Options, RSUs or Restricted Shares may be forfeited (which in each case may be based on
performance criteria), any vesting acceleration or waiver of restrictions, and any restriction or limitation regarding any Award or Shares relating thereto, based in each case on such factors as the Compensation Committee may determine; provided,
that in no event may any Option or comparable Award granted under this Plan be amended, other than pursuant to Section 10, to decrease the exercise price thereof or otherwise be subject to any action that would be treated, for accounting
purposes, as a “repricing” of such Option, unless such amendment or action is approved by the Company’s shareholders; 
 (vii)
to determine whether and under what circumstances an RSU may be settled in cash instead of Ordinary Shares; 
 (viii) to prescribe and amend
provisions relating to this Plan, including provisions relating to sub-plans established for the purpose of qualifying for preferred tax treatment under applicable Tax Law; 

(ix) to allow holders of Options or other Awards to satisfy withholding tax obligations by electing to have the Company withhold from the
Shares to be issued upon exercise of an Option or other Award that number of Shares having a Fair Market Value equal to the amount required to be withheld. The Fair Market Value of the Shares to be withheld will be determined on the date that the
amount of tax to be withheld is to be determined. All elections by Holders to have Shares withheld for this purpose will be made in such form and under such conditions as the Compensation Committee may deem necessary or advisable; and 

(x) to construe and interpret the terms of this Plan and Awards granted pursuant to this Plan. 

(c) Effect of Compensation Committee’s Decisions 

All decisions, determinations and interpretations of the Compensation Committee under this Plan will be final and binding on all recipients
and, if applicable, transferees of Awards under this Plan. 
  

	5.	Eligibility 

 (a) Service Providers 

Awards may be granted to Service Providers; provided, however, that U.S. Incentive Stock Options may be granted only to Employees of the
Company, a Parent or a Subsidiary and generally will be granted only to persons who are, or are expected to be, subject to tax on income under the U.S. Internal Revenue Code. 

(b) No Right to Continued Employment 

Neither this Plan nor any Award will confer upon any recipient or other holder of an Award any right with respect to continuing such
recipient’s or holder’s relationship as a Service Provider with the Company, nor will it interfere in any way with his or her right or the Company’s right to terminate such relationship at any time, with or without cause. 

  
 4 

	6.	Term of Options and RSUs 

 The term of each Option, RSU or other Award will be
stated in the Award Agreement. Notwithstanding the foregoing, with respect to U.S. Incentive Stock Options the term will be no more than ten (10) years from the date of grant thereof and with respect to U.S. Incentive Stock Options granted to a
Holder who, at the time the Option is granted, owns shares representing more than ten percent of the voting power of all classes of shares of the Company or any Parent or Subsidiary, the term of such U.S. Incentive Stock Option will be five
(5) years from the date of grant thereof or such shorter term as may be provided in the Award Agreement. 
  

	7.	Option Exercise Price, Restricted Share Purchase Price, and Form of Consideration 

(a) Exercise Price of Options and Purchase Price of Restricted Shares 

The exercise price for Shares to be issued upon exercise of an Option and the purchase price of Restricted Shares will be such price as is
determined by the Compensation Committee, provided that with respect to a U.S. Incentive Stock Option, the exercise price for Shares to be issued upon exercise of such option will not be less than the Fair Market Value on the date of grant. With
respect to a U.S. Incentive Stock Option granted to an person who, at the time the U.S. Incentive Stock Option is granted, owns shares representing more than ten percent of the voting power of all classes of shares of the Company or any Parent or
Subsidiary, the per Share exercise price will not be less than one hundred ten percent (110%) of the Fair Market Value per Share on the date of grant. 

(b) Form of Consideration 

The consideration to be paid for Shares to be issued upon exercise of an Option and for Restricted Shares, including the method of payment,
will be determined by the Compensation Committee. Such consideration may consist of: 
 (i) cash, 

(ii) check payable to the order of the Company, 

(iii) promissory note; provided, however, that consideration in the form of a promissory note will not be acceptable if it would constitute a
personal loan to an executive officer or director of the Company prohibited by Section 402 of the U.S. Sarbanes-Oxley Act of 2002, 

(iv) other Shares which (x) have been owned by the grantee for more than six (6) months on the date of surrender, and (y) have a
Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option is exercised or the aggregate purchase price of Restricted Shares being purchased, 

(v) consideration received by the Company for the exercise of Options under a cashless exercise program implemented or approved by the Company
in connection with this Plan, or 
 (vi) any combination of the foregoing methods of payment. 

In making its determination as to the type of consideration to accept, the Compensation Committee will consider if acceptance of such
consideration may be reasonably expected to benefit the Company. 

  
 5 

	8.	Vesting of Awards 

 (a) Vesting Generally 

Any Options granted hereunder will become vested and exercisable, any RSUs granted hereunder will vest and be settled, and any Restricted
Shares issued hereunder will vest and no longer be subject to forfeiture, according to the terms hereof at such times and under such conditions as determined by the Compensation Committee and set forth in the Award Agreement. Except in the case of
an Award granted to Outside Directors and Consultants, unless the Compensation Committee determines otherwise as set forth in the Award Agreement, Options will vest and become exercisable, RSUs will vest and be settled, Restricted Shares will vest
and no longer be subject to forfeiture, and other Awards will vest, in four equal annual installments beginning on the first anniversary of the date of grant or issuance of the Award or of such other vesting commencement date prior to the date of
grant or issuance of the Award as specified by the Compensation Committee in its sole discretion. 
 (b) Settlement of
RSUs 
 RSUs that will be settled upon vesting, subject to the terms of the Award Agreement, either by delivery to the holder of the
number of Shares that equals the number of RSUs that then become vested or by the payment to the holder of cash equal to the then Fair Market Value of that number of Shares. It is contemplated that in most cases the Award Agreement will specify that
settlement will be made in Shares rather than in cash. 
 (c) Exercise of Options 

An Option will be deemed exercised when the Company receives: 

(i) written or electronic notice of exercise (in accordance with the Award Agreement) from the person entitled to exercise the Option, and 

 

	 	(ii)	full payment for the Shares with respect to which the Option is exercised. 

 Full payment may
consist of any consideration and method of payment authorized by the Compensation Committee and permitted by the Award Agreement and this Plan. Shares issued upon exercise of an Option will be issued in the name of the Holder or, if requested by the
Holder, in the name of the Holder and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or
any other rights as a shareholder will exist with respect to the Shares, notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 10 below. 

Exercise of an Option in any manner will result in a decrease in the number of Shares thereafter available, both for purposes of this Plan and
for sale under the Option, by the number of Shares as to which the Option is exercised. 
 To the extent the aggregate Fair Market Value of
Shares subject to U.S. Incentive Stock Options which become exercisable for the first time by a Holder during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options, to the extent of the
Shares covered thereby in excess of the foregoing limitation, will be treated as Non-Qualified Stock Options. For this purpose, U.S. Incentive Stock Options will be taken into account in the order in which
they were granted, and the Fair Market Value of the Shares will be determined as of the grant date of the relevant Option. 

(d) Termination of Relationship as Service Provider of Holder of Options 

If a Holder of Options ceases to be a Service Provider, such Holder may exercise his or her Options within such period of time as is specified
in the Award Agreement to the extent that the Options are vested on the date of termination (but in no event later than the expiration of the term of the Options as set forth in the Award Agreement). In the absence of a specified time in the Award
Agreement, the Options will remain exercisable for three (3) months following the Holder’s termination. If, on the date of termination, the Holder is not vested as to his or her entire Option, the Shares covered by the unvested portion of
the Options will revert to this Plan. If, after termination, the Holder does not exercise his or her Options within the time specified by the Compensation Committee, the Options will terminate, and the Shares covered by such Options will revert to
this Plan. 

  
 6 

 Notwithstanding the foregoing, if employment or services of a Holder of Options are terminated by
the Company or any Parent or Subsidiary of the Company for Cause (as defined below), the Option (whether vested or not) shall terminate on the date of termination of employment or services. 

For purposes of the Option, “Cause” means that the Holder: 

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

(2) has been dishonest or committed or engaged in an act of theft, embezzlement or fraud, a breach of confidentiality, an unauthorized
disclosure or use of inside information, customer lists, trade secrets or other confidential information; has breached a fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy of the Company or any
Parent or Subsidiary of the Company; or has been convicted of a felony or misdemeanor (other than minor traffic violations or similar offenses); 

(3) has materially breached any of the provisions of any agreement with the Company or any Parent or Subsidiary of the Company; or 

(4) has engaged in unfair competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets of,
the Company or any Parent or Subsidiary of the Company; has improperly induced a vendor or customer to break or terminate any contract with the Company or any Parent or Subsidiary of the Company; or has induced a principal for whom the Company or
any Parent or Subsidiary of the Company acts as agent to terminate such agency relationship. 
 (e) Disability of Holder
of Options 
 If a Holder of Options ceases to be a Service Provider as a result of the Holder’s Disability, the Holder may
exercise his or her Options within such period of time as is specified in the Award Agreement to the extent the Options are vested on the date of termination (but in no event later than the expiration of the term of such Options as set forth in the
Award Agreement). In the absence of a specified time in the Award Agreement, the Options will remain exercisable for twelve (12) months following the Holder’s termination. 

If the Disability is not a “disability” as such term is defined in Section 22(e)(3) of the U.S. Internal Revenue Code, in the
case of U.S. Incentive Stock Options, such U.S. Incentive Stock Options will automatically convert to U.S. Non-Qualified Stock Options on the day three (3) months and one day following the date such
Holder ceased to be a Service Provider as a result of the Holder’s Disability. If, on the date of termination, the Holder is not vested as to all of his Options, the Shares covered by the unvested Options will revert to this Plan. If, after
termination, the Holder does not exercise his or her Options within the time specified herein, the Options will terminate, and the Shares covered by such Options will revert to this Plan. 

(f) Death of Holder of Options 

If a Holder of Options dies while a Service Provider, the Options may be exercised within such period of time as is specified in the Award
Agreement to the extent that the Options are vested on the date of death (but in no event later than the expiration of the term of such Options as set forth in the Award Agreement) by the Holder’s estate or by a person who acquires the right to
exercise the Options by bequest or inheritance. In the absence of a specified time in the Award Agreement, the Options will remain exercisable for twelve (12) months following the Holder’s termination. If, at the time of death, the Holder is
not vested as to all of his or her Options, the Shares covered by the unvested Options will immediately revert to this Plan. If the Options are not so exercised within the time specified herein, the Options will terminate, and the Shares covered by
such Options will revert to this Plan. 

  
 7 

 (g) Buyout Provisions 

The Compensation Committee may at any time offer to buy out an Award previously granted for a payment in cash or Shares, based on such terms
and conditions as the Compensation Committee may establish, provided that the Company, without the approval of the Company’s stockholders, may not buy out any outstanding Option where such buy out would be treated as a “repricing” for
accounting purposes. 
  

	9.	Awards 

 (a) Rights to Receive or Purchase 

Awards may be issued either alone, in addition to, or in tandem with other Awards granted under this Plan and/or cash awards made outside of
this Plan. After the Compensation Committee determines that it will offer Awards under this Plan, it will advise the offeree in writing or electronically of the terms, conditions and restrictions related to the offer, including the number of Shares
that such person will be entitled to receive or purchase, the price to be paid, if any, and the time within which such person must accept such offer. 

(b) Repurchase Option; Forfeiture of Non-vested Shares 

Unless the Compensation Committee determines otherwise, the Award Agreement will grant the Company a repurchase option exercisable upon the
voluntary or involuntary termination of the Holder’s service with the Company for any reason (including death or Disability) in the event that the Holder purchased or otherwise received Shares under the Award Agreement and such Shares are non-vested. The purchase price for Shares repurchased pursuant to the Award Agreement will be the original price paid by the Holder and may be paid, at the Compensation Committee’s option, by cancellation of
any indebtedness of the Holder to the Company. The repurchase option will lapse at such rate as the Compensation Committee may determine. Except with respect to Shares purchased by Outside Directors and Consultants, unless set forth expressly in the
Award Agreement, the repurchase option will in no case lapse at a rate of less than twenty-five percent per year over four years from the date of receipt or purchase. Unless the Compensation Committee determines otherwise, the Award Agreement will
provide for the forfeiture of the non-vested Shares underlying an Award upon the voluntary or involuntary termination of the Holder’s service with the Company for any reason (including death or
Disability). 
 (c) Other Provisions 

The Award Agreement will contain such other terms, provisions and conditions not inconsistent with this Plan as may be determined by the
Compensation Committee in its sole discretion. 
 (d) Rights as a Shareholder 

Once an Award is exercised, the Holder will have rights equivalent to those of a shareholder and will be a shareholder when his or her
purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Award is exercised, except as provided in
Section 10 below. 

  
 8 

	10.	Adjustments Upon Changes in Capitalization or Asset Sale 

 (a)
Changes in Capitalization 
 Subject to any required action by the shareholders of the Company, the number of Shares covered by each
outstanding Award, and the number of Shares which have been authorized for issuance under this Plan but as to which Awards have yet been granted or which have been returned to this Plan upon cancellation or expiration of an Award, as well as the
price per Share covered by each such outstanding Award, will be proportionately adjusted for any increase or decrease in the number of issued Shares resulting from a reclassification of the Shares, or any other increase or decrease in the number of
issued Shares effected without receipt of consideration by the Company. The conversion of any convertible securities of the Company will not be deemed to have been “effected without receipt of consideration.” Such adjustment will be made
by the Compensation Committee, whose determination in that respect will be final and binding. Except as expressly provided herein, no issuance by the Company of equity shares of any class, or securities convertible into equity shares of any class,
will affect, and no adjustment by reason thereof will be made with respect to, the number or price of Shares subject to an Award. 

(b) Adjustments for Share Splits and Share Dividends 

If the Company at any time increases or decreases the number of its outstanding Shares, or changes in any way the rights and privileges of
such Shares by means of the payment of a share dividend or any other distribution upon such Shares, or through a share split, subdivision, consolidation, combination, reclassification or recapitalization involving the Shares, then in relation to the
Shares that are affected by one or more of the above events, the numbers, rights and privileges of the following will be increased, decreased or changed in like manner as if such Shares had been issued and outstanding, fully paid and nonassessable
at the time of such occurrence: (i) the number of Shares as to which Awards may be made under this Plan: and (ii) the Shares included in each outstanding Award made hereunder. 

(c) Dissolution or Liquidation 

In the event of the proposed dissolution or liquidation of the Company, the Compensation Committee will notify each Holder as soon as
practicable prior to the effective date of such proposed transaction. The Compensation Committee in its discretion may provide for a Holder to have the right to exercise his or her Options until fifteen (15) days prior to such transaction as to
all of the Underlying Shares covered thereby, including Shares as to which the Options would not otherwise be exercisable. In addition, the Compensation Committee may provide that any Company repurchase option applicable to any Shares purchased
pursuant to an Award will lapse as to all such Shares, provided the proposed dissolution or liquidation takes place at the time and in the manner contemplated. To the extent it has not been previously exercised, an Award will terminate immediately
prior to the consummation of such proposed action. 
 (d) Consolidation or Asset Sale 

If the Company is to be consolidated with or acquired by another person or entity in a sale of all or substantially all of the Company’s
assets or equity share capital or otherwise (an “Acquisition”), the committee or the board of directors of any entity assuming the obligations of the Company hereunder (the “Successor Board”) may in its sole discretion, take one
or more of the following actions with respect to outstanding Options, Shares acquired upon exercise of any Option, outstanding RSUs, or unvested Restricted Shares: (i) make appropriate provision for the continuation of such Awards by
substituting on an equitable basis for the Underlying Shares the consideration payable with respect to the outstanding Shares in connection with the Acquisition; (ii) accelerate the date of exercise of such Options, vesting and settlement of
RSUs, or vesting of Restricted Shares, or of any installment of any such Options, RSUs or Restricted Shares; (iii) upon written notice to the participants, provide that all Options must be exercised, to the extent then exercisable, within a
specified number of days of the date of such notice, at the end of which period the Options, including those which are not then exercisable, shall terminate; (iv) terminate all Options or RSUs in exchange for a cash payment equal to the excess
of the fair market value of the shares subject to such Options or RSUs (to the extent then exercisable) over the exercise price thereof (if any); or (v) in the event of a Share sale, require that the participant sell to the purchaser to whom
such Shares sale is to be made, all Shares previously issued to such participant upon exercise of any Option, pursuant to any RSU, or as Restricted Shares at a price equal to the portion of the net consideration from such sale which is attributable
to such Shares. Nothing contained herein will be deemed to require the Company to take, or refrain from taking, any one or more of the foregoing actions. 

  
 9 

 (e) No Fractional Shares 

If any adjustment or substitution provided for in this Section 10 results in the creation of a fractional Share under any Option, the
Company will, in lieu of issuing such fractional Share, pay to the Holder a cash sum in the amount equal to the product of such fraction multiplied by the Fair Market Value of a Share on the date the fractional Share otherwise would have been
issued. 
 (f) Determination by the Compensation Committee 

Adjustments under this Section 10 will be made by the Compensation Committee whose determinations with regard thereto will be final and
binding upon all parties. 
  

	11.	Time of Granting of Award 

 The date of grant of an Award will be the date on
which the Compensation Committee makes the determination granting such Award, or such other date as is determined by the Compensation Committee; provided that such other date will not be prior to the date of the Compensation Committee’s
determination to grant such Award; provided, further, that the foregoing will not prohibit the Compensation Committee from determining, in its discretion, to specify a vesting commencement date prior to the date of the grant. Notice of the
determination will be given to each Service Provider to whom an Award is so granted within a reasonable time after the date of such grant. 
  

	12.	Non-Transferability of Awards 

 Awards
may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than as provided in the Award Agreement, this Plan, by will or by the laws of succession and may be exercised, during the lifetime of the Holder, only
by the Holder. 
  

	13.	Conditions Regarding Issuance of Shares 

 (a) Legal Compliance

 Shares will not be issued pursuant to the exercise of Options, the settlement of RSUs, or the purchase of Restricted Shares
unless the issuance and delivery of such Shares will comply with Applicable Laws, and the issuance of Shares will be subject to confirmation from legal counsel for the Company as to such compliance. 

(b) Investment Representations 

The Compensation Committee may require the person receiving Shares upon exercise of Options, settlement of RSUs, or purchase of Restricted
Shares to represent and warrant, as a condition to such receipt, that the Shares are being purchased only for investment and not with a view to the distribution of such Shares. 

(c) Inability to Obtain Authority 

The inability of the Company to obtain authority from any regulatory body having jurisdiction will relieve the Company of any liability in
respect of the failure to issue or sell such Shares as to which such requisite authority has not been obtained. 

  
 10 

 (d) Withholding 

The Company’s obligations to deliver Shares upon the exercise of an Award will be subject to the Holder’s satisfaction of all
applicable Tax Law, including withholding requirements, of all applicable jurisdictions. 
  

	14.	Amendment and Termination of this Plan 

 (a) Amendment and
Termination 
 The Board may at any time amend, suspend or terminate this Plan. 

(b) Shareholder Approval 

The Board will obtain shareholder approval of any Plan amendment to the extent necessary or desirable to comply with Applicable Laws. 

(c) Effect of Amendment or Termination 

Except as may be required by Applicable Law, no amendment, suspension or termination of this Plan will impair the rights of any Holder, unless
agreed otherwise in writing between the Holder and the Compensation Committee. Termination of this Plan will not affect the Compensation Committee’s ability to exercise the powers granted to it hereunder with respect to Awards granted under
this Plan prior to the date of such termination. 
  

	15.	Effectiveness and Term of Plan 

 This Plan will become effective upon its
adoption by the Board and approval by the Company’s shareholders. It will continue in effect, with regard to the making of Awards, for a term of ten (10) years unless sooner terminated under Section 14 above and with regard to the
terms of an Award Agreement, for such longer term as may be required to give effect to that Award Agreement for a term of ten (10) years unless sooner terminated under Section 14 above. 

  
 11EX-10.83

 Exhibit 10.83 

EXECUTIVE EMPLOYMENT AGREEMENT 

EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement’), effective as of January 1, 2018, by and between Changyou.com Limited, a
Cayman Islands company (the “Company”), and Dewen Chen, an individual (the “Employee”). 
 1. Definitions.
Capitalized terms used herein and not otherwise defined in the text below will have the meanings ascribed thereto on Annex 1. 
 2.
Employment; Duties. 
 (a) The Company agrees to employ the Employee in the capacity and with such responsibilities as are generally
set forth on Annex 2. 
 (b) The Employee hereby agrees to devote his full time and best efforts in such capacities as are set forth
on Annex 2 on the terms and conditions set forth herein. Notwithstanding the foregoing, the Employee may engage in other activities, such as activities involving professional, charitable, educational, religious and similar types of
organizations, provided that the Employee complies with the Executive Employee Non-competition, Non-solicitation, Confidential Information and Work Product Agreement
effective as of January 1, 2018, in the form attached hereto as Annex 3 (the “Employee Obligations Agreement”) and such other activities do not interfere with or prohibit the performance of the Employee’s duties under this
Agreement, or conflict in any material way with the business of the Company or of its subsidiaries and affiliates, including the Company’s variable interest entities. The provisions of the Executive Employee Obligations Agreement between the
Company and the Employee as in effect prior to January 1, 2018 will continue with full force and effect with respect to all matters arising with respect to periods through December 31, 2017. The Employee Obligations Agreement will be
effective as of January 1, 2018 and will have full force and effect on and after such date. 
 (c) The Employee will use best efforts
during the Term to ensure that the 
 Company’s business and those of its subsidiaries and variable interest entities are conducted in
accordance with all applicable laws and regulations of all jurisdictions in which such businesses are conducted. 
 3. Compensation.

 (a) Base Annual Income. During the Term, the Company will pay the Employee an annual base salary as set forth on Annex 2,
payable monthly pursuant to the Company’s normal payroll practices. 
 (b) Discretionary Bonus. During the Term, the Company, in
its sole discretion, may award to the Employee an annual bonus based on the Employee’s performance and other factors deemed relevant by the Company’s Board of Directors. 

(c) Share Incentive Awards. The Employee will be eligible to participate in any share incentive programs available to officers or
employees of the Company. 

  
 -1- 

 (d) Reimbursement of Expenses. The Company will reimburse the Employee for reasonable
expenses incurred by the Employee in the course of, and necessary in connection with, the performance by the Employee of his or her duties to the Company, provided that such expenses are substantiated in accordance with the Company’s policies.

 4. Other Employee Benefits. 

(a) Vacation; Sick Leave. The Employee will be entitled to such number of weeks of paid vacation each year as are set forth on Annex
2, the taking of which must be coordinated with the Employee’s supervisor in accordance with the Company’s standard vacation policy. Unless otherwise approved by the Company’s Board of Directors, vacation that is not used in a
particular year may only be carried forward to subsequent years in accordance with the Company’s policies in effect from time to time. The Employee will be eligible for sick leave in accordance with the Company’s policies in effect from
time to time. 
 (b) Healthcare Plan. The Company will arrange for membership in the Company’s group healthcare plan for the
Employee and the Employee’s spouse, in accordance with the Company’s standard policies from time to time with respect to health insurance and in accordance with the rules established for individual participation in such plan and under
applicable law. 
 (c) Life and Disability Insurance. The Company will provide term life and disability insurance payable to the
Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit
coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance
and the rules established for individual participation in such plans and under applicable law. 
 (d) Other Benefits. Pursuant to the
Company’s policies in effect from time to time and the applicable plan rules, the Employee will be eligible to participate in the other employee benefit plans of general application, which may include, without limitation, housing allowance or
reimbursement and in which, in any event, will include the benefits at the levels set forth on Annex 2. 
 5. Certain
Representations, Warranties and Covenants of the Employee. 
 (a) Related Company Positions. The Employee agrees that the Employee
and members of the Employee’s immediate family will not have any financial interest directly or indirectly (including through any entity in which the Employee or any member of the Employee’s immediate family has a position or financial
interest) in any transactions with the Company or any subsidiaries or affiliates (including the Company’s variable interest entities) thereof unless all such transactions, prior to being entered into, have been disclosed to the Board of
Directors and approved by a majority of the independent members of the Board of Directors and comply with all other Company policies and applicable law as may be in effect from time to time. The Employee also agrees that he will inform the Board of
Directors of the Company of any transactions involving the Company or any of its subsidiaries or affiliates, including the Company’s variable interest entities, in which senior officers, including but not limited to the Employee, or their
immediate family members have a financial interest. 

  
 -2- 

 (b) Discounts, Rebates or Commissions. Unless expressly permitted by written policies and
procedures of the Company in effect from time to time that may be applicable to the Employee, neither the Employee nor any immediate family member will be entitled to receive or obtain directly or indirectly any discount, rebate or commission in
respect of any sale or purchase of goods or services effected or other business transacted (whether or not by the Employee) by or on behalf of the Company or any of its subsidiaries or affiliates (including the Company’s variable interest
entities), and if the Employee or any immediate family member (or any firm or company in which the Employee or any immediate family member is interested) obtains any such discount, rebate or commission, the Employee will pay to the Company an amount
equal to the amount so received (or the proportionate amount received by any such firm or company to the extent of the Employee’s or family member’s interest therein). 

6. Term; Termination. 
 (a)
Unless sooner terminated pursuant to the provisions of this Section 6, the term of this Agreement (the “Term”) will commence on the date hereof and end on December 31, 2020. 

(b) Voluntary Termination by the Employee. The Employee may voluntarily Terminate this Agreement by providing the Company with ninety
(90) days’ advance written notice (“Voluntary Termination”), in which case the Employee will not be entitled to receive payment of any severance benefits or other amounts by reason of the Termination other than accrued salary and
vacation through the date of the Termination. The Employee’s right to all other benefits will terminate as of the date of Termination, other than any continuation required by applicable law. Without limiting the foregoing, if, in connection
with a Change in Control, the surviving entity or successor to the Company’s business offers the Employee employment on substantially equivalent terms to those set forth in this Agreement and such offer is not accepted by the Employee, the
refusal by the Employee to accept such offer and the subsequent termination of the Employee’s employment by the Company will be deemed to be a voluntary termination of employment by the Employee and will not be treated as a termination by the
Company without Cause. 
 (c) Termination by the Company for Cause. The Company may Terminate this Agreement for Cause by written
notice to the Employee, effective immediately upon the delivery of such notice. In such case, the Employee will not be entitled to receive payment of any severance benefits or other amounts by reason of the Termination other than accrued salary and
vacation through the date of the Termination. The Employee’s right to all other benefits will terminate, other than any continuation required by applicable law. 

  
 -3- 

 (d) Termination by the Employee with Good Reason or Termination by the Company without
Cause. The Employee may Terminate this Agreement for Good Reason, and the Company may Terminate this Agreement without Cause, in either case upon thirty (30) days’ advance written notice by the party Terminating this Agreement to the
other party and the Termination will be effective as of the expiration of such thirty (30) day period. If the Employee Terminates with Good Reason or the Company Terminates without Cause, the Employee will be entitled to continue to receive
payment of severance benefits equal to the Employee’s monthly base salary in effect on the date of Termination for the shorter of (i) six (6) months and (ii) the remainder of the Term of this Agreement (the “Severance
Period”), provided that the Employee complies with the Employee Obligations Agreement during the Severance Period and executes a release agreement in the form requested by the Company at the time of such Termination that releases the Company
from any and all claims arising from or related to the employment relationship and/or such Termination. Such payments will be made ratably over the Severance Period according to the Company’s standard payroll schedule. The Employee will also
receive payment of a bonus for the remainder of the year of the Termination, but only to the extent that a bonus would have been earned had the Employee continued in employment through the end of such year, as determined in good faith by the
Company’s Board of Directors or its Compensation Committee based on the specific corporate and individual performance targets established for such fiscal year, and only to the extent that bonuses are paid for such fiscal year to other similarly
situated employees. Health insurance benefits with the same coverage (i.e., medical, dental, optical and/or mental health coverage) provided to the Employee prior to the Termination and in all other material respects comparable to those in place
immediately prior to the Termination will be provided at the Company’s expense during the Severance Period. The Company will also continue to carry the Employee on its Directors and Officers insurance policy for six (6) years following the
Date of Termination at the Company’s expense with respect to insurable events which occurred during the Employee’s term as a director or officer of the Company, with such coverage being at least comparable to that in effect immediately
prior to the Termination Date; provided, however, that (i) such terms, conditions and exceptions will not be, in the aggregate, materially less favorable to the Employee than those in effect on the Termination Date and (ii) if the
aggregate annual premiums for such insurance at any time during such period exceed two hundred percent (200%) of the per annum rate of premium currently paid by the Company for such insurance, then the Company will provide the maximum coverage that
will then be available at an annual premium equal to two hundred percent (200%) of such rate. 
 (e) Termination by Reason of Death or
Disability. A Termination of the Employee’s employment by reason of death or Disability will not be deemed to be a Termination by the Company (for or without Cause) or by the Employee (for or without Good Reason). In the event that the
Employee’s employment with the Company Terminates as a result of the Employee’s death or Disability, the Employee or the Employee’s estate or representative, as applicable, will receive all accrued salary and accrued vacation as of
the date of the Employee’s death or Disability and any other benefits payable under the Company’s then existing benefit plans and policies in accordance with such plans and policies in effect on the date of death or Disability and in
accordance with applicable law. In addition, the Employee or the Employee’s estate or representative, as applicable, will receive a bonus for the year in which the death or Disability occurs to the extent that a bonus would have been earned had
the Employee continued in employment through the end of such year, as determined in good faith by the Company’s Board of Directors or Compensation Committee based on the specific corporate and individual performance targets established for such
fiscal year, and only to the extent that bonuses are paid for such fiscal year to other similarly situated employees. 

  
 -4- 

 (f) Misconduct After Termination of Employment. Notwithstanding the foregoing, if the
Employee after the termination of his employment violates or fails to fully comply with the Employee Obligations Agreement, thereafter (i) the Employee will not be entitled to any payments from the Company, (ii) any insurance or other
benefits that have continued will terminate immediately, (iii) the Employee must promptly reimburse to the Company all amounts that have been paid to the Employee pursuant to this Section 6; and (iv) if the Employee would not, in the
absence of such violation or failure to comply, have been entitled to severance payments from the Company equal to at least six (6) months’ base salary, the Employee must pay to the Company an amount equal to the difference between six
(6) months’ base salary and the amount of severance pay measured by base salary reimbursed to the Company by the Employee pursuant to clause (iii) of this sentence. 

7. Employee Obligations Agreement. By signing this Agreement, the Employee hereby agrees to execute and deliver to the Company the
Employee Obligations Agreement, and such execution and delivery will be a condition to the Employee’s entitlement to his or her rights under this Agreement. 

8. Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of New York without regard
to the conflicts of law principles thereof. 
 9. Dispute Resolution. 

(a) At the option of the party initiating the claim, any dispute, controversy or claim arising out of or relating to this Agreement may be
settled by arbitration to be held in the Hong Kong S.A.R. under the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “Arbitration Rules”) in force when a Notice of Arbitration with respect thereto is submitted
in accordance with the Arbitration Rules. The award rendered in such an arbitration proceeding will be final and binding and judgment on the award rendered may be entered in any court having jurisdiction over the parties. 

(b) The number of arbitrators will be three, one of whom will be appointed by the party asserting a claim against the other party or parties,
one of whom will be appointed by the party or parties (acting together), as the case may be, against whom a claim has been asserted, and the third of whom will be selected by mutual agreement, if possible, within thirty days after the selection of
the second arbitrator. 
 (c) The language of the arbitration will be Mandarin Chinese and any foreign language documents presented at such
arbitration will be accompanied by a Mandarin Chinese translation thereof, prepared at the expense of the party seeking to present such document. 

(d) Any award of the arbitrators (i) will be in writing, (ii) will state the reasons upon which such award is based and
(iii) may include an award of costs, including reasonable attorneys’ fees and disbursements. 

  
 -5- 

 (e) The arbitrators will have no authority to award punitive damages or any other damages not
measured by the prevailing party’s actual damages, and may not, in any event, make any ruling, finding or award that does not conform to the terms and conditions of this Agreement. 

(f) Notwithstanding the foregoing, any party may apply to any court having jurisdiction over the parties to obtain injunctive relief in order
to maintain the status quo until such time as an arbitration award is rendered or the dispute, controversy or claim is otherwise resolved. 

10. Notices. All notices, requests and other communications under this Agreement must be in writing (including email and express mail or
courier delivery or in person delivery, but excluding ordinary mail delivery) and given to the address stated below: 
  

	 	(a)	if to the Employee, to the email address or the physical address, as applicable, that is on file with the Company from time to time, as may be updated by the Employee; 

 

	 	(b)	if to the Company: 

 Changyou.com Limited 

Changyou Building, Raycom Creative Industrial Park 

65 Bajiao East Road, Shijingshan District 

Beijing, People’s Republic of China 100043 

Attention: Charles Zhang 

Chairman of the Board of Directors 

Email: liwei@sohu-inc.com 

with a copy to: 

Goulston & Storrs PC 

400 Atlantic Avenue 
 Boston, MA
02110, U.S.A. 
 Attention: Timothy B. Bancroft, Esq. 

Email: tbancroft@goulstonstorrs.com 
 or to such
other email address or physical address as either party may hereafter specify for the purpose by written notice to the other party in the manner provided in this Section 10. All such notices, requests and other communications will be deemed
received: (i) if given by email, when transmitted to the email address specified in this Section 10 if confirmation of receipt is received; and (ii) if sent by express courier delivery, or delivered in person, when delivered. 

  
 -6- 

 11. Miscellaneous. 

(a) Entire Agreement. This Agreement, together with the Employee Obligations Agreement, constitutes the entire understanding between the
Company and the Employee relating to the subject matter hereof with respect to periods on and after January 1, 2018 and supersedes and cancels all prior and contemporaneous written and oral agreements and understandings with respect to the
subject matter of this Agreement with respect to periods on and after January 1, 2018. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof with respect to periods on and after
January 1, 2018 have been made by either party which are not set forth expressly in this Agreement. 
 (b) Modification; Waiver.
No provision of this Agreement may be modified, waived or discharged unless modification, waiver or discharge is agreed to in a writing signed by the Employee and such officer of the Company as may be specifically authorized by its Board of
Directors. No waiver by either party at any time of any breach by the other party of, or compliance with, any condition or provision of this Agreement to be performed by such other party will be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time. 
 (c) Successors; Binding Agreement. This Agreement will be binding upon
and will inure to the benefit of the Employee, the Employee’s heirs, executors, administrators and beneficiaries, and the Company and its successors (whether direct or indirect, by purchase, merger, consolidation or otherwise), subject to the
terms and conditions set forth herein. 
 (d) Withholding Taxes. All amounts payable to the Employee under this Agreement will be
subject to applicable withholding of income, wage and other taxes to the extent required by applicable law. 
 (e) Validity. The
invalidity or unenforceability of any provision or provisions of this Agreement will not affect the validity or enforceability of any other provision of this Agreement, which will remain in full force and effect. 

(f) Language. This Agreement is written in the English language only. The English language also will be the controlling language for all
future communications between the parties hereto concerning this Agreement. 
 (g) Counterparts. This Agreement may be signed in any
number of counterparts, each of which will be deemed an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 

[Signature page follows] 

  
 -7- 

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

					
	Employee:	 	Changyou.com Limited
			
		 	By:	  	  

		 		  	Name: Dr. Charles Zhang
		 		  	Title: Chairman of the Board
	  
 Dewen Chen
	 		  	

  
 -8- 

 Annex 1 

Certain Definitions 
 “Cause”
means: 
  

	 	(i)	willful misconduct or gross negligence by the Employee, or any willful or grossly negligent omission to perform any act, resulting in injury to the Company or any subsidiaries or affiliates (including the Company’s
variable interest entities) thereof; 

  

	 	(ii)	misconduct or negligence of the Employee that results in gain or personal enrichment of the Employee to the detriment of the Company or any subsidiaries or affiliates (including the Company’s variable interest
entities) thereof; 

  

	 	(iii)	breach of any of the Employee’s agreements with the Company, including those set forth herein and in the Employee Obligations Agreement, and including, but not limited to, the repeated failure to perform
substantially the Employee’s duties to the Company or any subsidiaries or affiliates (including the Company’s variable interest entities) thereof, excessive absenteeism or dishonesty; 

 

	 	(iv)	any attempt by the Employee to assign or delegate this Agreement or any of the rights, duties, responsibilities, privileges or obligations hereunder without the prior consent of the Company (except in respect of any
delegation by the Employee of his employment duties hereunder to other employees of the Company in accordance with its usual business practice); 

  

	 	(v)	the Employee’s indictment or conviction for, or confession of, a felony or any crime involving moral turpitude under the laws of the United States or any State thereof, or under the laws of China, or Hong Kong;

  

	 	(vi)	declaration by a court that the Employee is insane or incompetent to manage his business affairs; 

  

	 	(vii)	habitual drug or alcohol abuse which materially impairs the Employee’s ability to perform his duties; or 

  

	 	(viii)	filing of any petition or other proceeding seeking to find the Employee bankrupt or insolvent. 

“Change in Control” means the occurrence of any of the following events: 

 

	 	(i)	any person (within the meaning of Section 13(d) or Section 14(d)(2) of the Securities Exchange Act of 1934) other than the Company, any trustee or other fiduciary holding securities under an employee benefit
plan of the Company or any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportion as their ownership of stock of the Company, becomes the direct or beneficial owner of securities
representing fifty percent (50%) or more of the combined voting power of the Company’s then-outstanding securities; 

  
 -9- 

	 	(ii)	during any period of two (2) consecutive years after the date of this Agreement, individuals who at the beginning of such period constitute the Board of Directors of the Company, and all new directors (other than
directors designated by a person who has entered into an agreement with the Company to effect a transaction described in (i), (iii), or (iv) of this definition) whose election or nomination to the Board was approved by a vote of at least two-thirds of the directors then in office, cease for any reason to constitute at least a majority of the members of the Board; 

  

	 	(iii)	the effective date of a merger or consolidation of the Company with any other entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such
merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving entity
outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity; 

 

	 	(iv)	the complete liquidation of the Company or the sale or disposition by the Company of all or substantially all of the Company’s assets; or 

 

	 	(v)	there occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated
under the Exchange Act (as defined below), whether or not the Company is then subject to such reporting requirement. 

“Company” means Changyou.com Limited and, unless the context suggests to the contrary, all of its subsidiaries and variable interest
entities. 
 “Disability” means the Employee becomes physically or mentally impaired to an extent which renders him or her unable
to perform the essential functions of his or her job, with or without reasonable accommodation, for a period of six consecutive months, or an aggregate of nine months in any two year period. 

“Good Reason” means the occurrence of any of the following events without the Employee’s express written consent, provided that
the Employee has given notice to the Company of such event and the Company has not remedied the problem within fifteen (15) days: 
  

	 	(i)	any significant change in the duties and responsibilities of the Employee inconsistent in any material and adverse respect with the Employee’s title and position (including status, officer positions and reporting
requirements), authority, duties or responsibilities as contemplated by Annex 2 to this Agreement. For the purposes of this Agreement, because of the evolving nature of the Employer’s business, the Company’s changing of
Employee’s reporting relationships and department(s) will not be considered a significant change in duties and responsibilities; 

  
 -10- 

	 	(ii)	any material breach by the Company of this Agreement, including without limitation any reduction of the Employee’s base salary or the Company’s failure to pay to the Employee any portion of the Employee’s
compensation; or 

  

	 	(iii)	the failure, in the event of a Change in Control in which the Company is not the surviving entity, of the surviving entity or the successor to the Company’s business to assume this Agreement pursuant to its terms
or to offer the Employee employment on substantially equivalent terms to those set forth in this Agreement. 

“Termination” (and any similar, capitalized use of the term, such as “Terminate”) means, according to the context, the
termination of this Agreement or the Employee’s ceasing to render employment services. 

  
 -11- 

 Annex 2 

Particular Terms of Employee’s Employment 
  

			
		
	Title(s):	  	Chief Executive Officer
		
	Reporting Requirement:	  	The Employee will report to the Company’s Board of Directors.
		
	Responsibilities:	  	Such duties and responsibilities as are ordinarily associated with the Employee’s title(s) in a United States publicly-traded corporation and such other duties as may be specified by the Company’s Board of Directors from
time to time.
		
	Job Location:	  	The Employee’s duties will be rendered at the Company’s headquarters located in Beijing, China, or at such other place or places and at such times as the needs of the Company may from
time-to-time dictate.
		
	Base Salary:	  	RMB 4,000,000 per year, as adjusted by the Board of Directors from time to time.

 # of Weeks of Paid Vacation per Year: 3 (three) 

Other Benefits: 

  
 -12- 

 Annex 3 

EXECUTIVE EMPLOYEE NON-COMPETITION, NON-SOLICITATION,

 CONFIDENTIAL INFORMATION AND WORK PRODUCT AGREEMENT 

In consideration of my employment and the compensation paid to me by Changyou.com Limited, a Cayman Island company, or a subsidiary or variable interest
entity thereof (Changyou.com Limited or any such subsidiary or variable interest entity referred to herein individually and collectively as “Changyou”), and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, I agree as follows: 
 1. Non-Competition. During the term of my
employment agreement with Changyou.com Limited and continuing after the termination of such employment agreement for the longer of (i) one year after the termination of such employment agreement for any reason and (ii) such period of time
as Changyou is paying to me any severance benefits (the “Noncompete Period”), I will not, on my own behalf, or as owner, manager, stockholder (other than as stockholder of less than 2% of the outstanding stock of a company that is publicly
traded or listed on a stock exchange), consultant, director, officer or employee of or in any other manner connected with any business entity, participate or be involved in any Competitor without the prior written authorization of Changyou.
“Competitor” means any business of the type and character of business in which Changyou engages or proposes to engage and may include, without limitation, an individual, company, enterprise, partnership enterprise, government office,
committee, social organization or other organization that, in any event, produces, distributes or provides the same or substantially similar kind of product or service as Changyou. On the date of this Employee
Non-competition, Non-solicitation, Confidential Information and Work Product Agreement (this “Agreement”), “Competitors” of Changyou include all
competitors listed in Changyou’s annual reports on Form 20-F filed from time to time with the U.S. Securities and Exchange Commission. 

2. Nonsolicitation. During the Noncompete Period, I will not, either for my own account or for the account of any other person:
(i) solicit, induce, attempt to hire, or hire any employee or contractor of Changyou or any other person who may have been employed or engaged by Changyou during the term of my employment with Changyou unless that person has not worked with
Changyou within the six months following my last day of employment with Changyou; (ii) solicit business or relationship in competition with Changyou from any of Changyou’s customers, suppliers or partners or any other entity with which
Changyou does business; (iii) assist in such hiring or solicitation by any other person or business entity or encourage any such employee to terminate his or her employment with Changyou; or (iv) encourage any such customer, supplier or
partner or any other entity to terminate its relationship with Changyou. 
 3. Confidential Information. 

(a) While employed by Changyou and indefinitely thereafter, I will not, directly or indirectly, use any Confidential Information (as
hereinafter defined) other than pursuant to my employment by and for the benefit of Changyou, or disclose any such Confidential Information to anyone outside of Changyou or to anyone within Changyou who has not been authorized to receive such
information, except as directed in writing by an authorized representative of Changyou. 

  
 -13- 

 (b) “Confidential Information” means all trade secrets, proprietary information, and
other data and information, in any form, belonging to Changyou or any of their respective clients, customers, consultants, licensees or affiliates that is held in confidence by Changyou. Confidential Information includes, but is not limited to
computer software, the structure of Changyou’s online game development platform, business plans and arrangements, customer lists, marketing materials, financial information, research, and any other information identified or treated as
confidential by Changyou or any of their respective clients, customer, consultants, licensees or affiliates. Notwithstanding the foregoing, Confidential Information does not include information which Changyou has voluntarily disclosed to the public
without restriction, or which is otherwise known to the public at large. 
 4. Rights in Work Product. 

(a) I agree that all Work Product (as hereinafter defined) will be the sole property of Changyou. I agree that all Work Product that
constitutes original works of authorship protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright Act and, therefore, the property of Changyou. I agree to waive, and hereby waive and
irrevocably and exclusively assign to Changyou, all right, title and interest I may have in or to any other Work Product and, to the extent that such rights may not be waived or assigned, I agree not to assert such rights against Changyou or its
licensees (and sublicensees), successors or assigns. 
 (b) I agree to promptly disclose all Work Product to the appropriate individuals in
Changyou as such Work Product is created in accordance with the requirements of my job and as directed by Changyou. 
 (c) “Work
Product” means any and all inventions, improvements, developments, concepts, ideas, expressions, processes, prototypes, plans, drawings, designs, models, formulations, specifications, methods, techniques, shop-practices, discoveries,
innovations, creations, technologies, formulas, algorithms, data, computer databases, reports, laboratory notebooks, papers, writings, photographs, source and object codes, software programs, other works of authorship, and know-how and show-how, or parts thereof conceived, developed, or otherwise made by me alone or jointly with others (i) during the period of my employment with Changyou or
(ii) during the six month period next succeeding the termination of my employment with Changyou if the same in any way relates to the present or proposed products, programs or services of Changyou or to tasks assigned to me during the course of
my employment, whether or not patentable or subject to copyright or trademark protection, whether or not reduced to tangible form or reduced to practice, whether or not made during my regular working hours, and whether or not made on Changyou
premises. 
 5. Employee’s Prior Obligations. I hereby certify I have no continuing obligation to any previous employer or other
person or entity which requires me not to disclose any information to Changyou. 

  
 -14- 

 6. Employee’s Obligation to Cooperate. At any time during my employment with Changyou
and thereafter upon the request of Changyou, I will execute all documents and perform all lawful acts that Changyou considers necessary or advisable to secure its rights hereunder and to carry out the intent of this Agreement. Without limiting the
generality of the foregoing, I agree to render to Changyou or its nominee all reasonable assistance as may be required: 
  

	 	(a)	In the prosecution or applications for letters patent, foreign and domestic, or re-issues, extensions and continuations thereof; 

 

	 	(b)	In the prosecution or defense of interferences which may be declared involving any of said applications or patents; 

  

	 	(c)	In any administrative proceeding or litigation in which Changyou may be involved relating to any Work Product; and 

  

	 	(d)	In the execution of documents and the taking of all other lawful acts which Changyou considers necessary or advisable in creating and protecting its copyright, patent, trademark, trade secret and other proprietary
rights in any Work Product. 

 The reasonable out-of-pocket
expenses incurred by me in rendering such assistance at the request of Changyou will be reimbursed by Changyou. If I am no longer an employee of Changyou at the time I render such assistance, Changyou will pay me a reasonable fee for my time. 

7. Termination; Return of Changyou Property. Upon the termination of my employment with Changyou for any reason, or at any time upon
Changyou’s request, I will return to Changyou all Work Product and Confidential Information and notes, memoranda, records, customer lists, proposals, business plans and other documents, computer software, materials, tools, equipment and other
property in my possession or under my control, relating to any work done for Changyou, or otherwise belonging to Changyou, it being acknowledged that all such items are the sole property of Changyou. Further, before obtaining my final paycheck, I
agree to sign a certificate stating the following: 
 “Termination Certificate 

This is to certify that I do not have in my possession or custody, nor have I failed to return, any Work Product (as defined in the Employee Non-competition, Non-solicitation, Confidential Information and Work Product Agreement between Changyou.com Limited (“Changyou”) and me) or any notes, memoranda,
records, customer lists, proposals, business plans or other documents or any computer software, materials, tools, equipment or other property (or copies of any of the foregoing) belonging to Changyou.” 

8. General Provisions. 

(a) This Agreement contains the entire agreement between me and Changyou with respect to the subject matter hereof and supersedes all prior and
contemporaneous agreements and understandings related to the subject matter hereof, 

  
 -15- 

 whether written or oral; provided however, that this Agreement will not supersede the Employee Obligations
Agreement between Changyou and me in effect prior to the date hereof (the “Prior Employee Obligations Agreement”), which will continue in full force and effect with respect to, or arising in connection with, all matters within the subject
matter thereof through the date immediately prior to the date hereof; provided further, however, that in the event of a conflict between any provision of this Agreement and any provision of the Prior Employee Obligations
Agreement, the provision of this Agreement will prevail. This Agreement may not be modified except by a written agreement signed by Changyou and me. 

(b) This Agreement will be governed by and construed in accordance with the laws of the State of New York without regard to the conflicts of
law principles thereof. At the option of the party initiating the claim, any dispute, controversy or claim arising out of or relating to this Agreement may be settled by arbitration to be held in the Hong Kong S.A.R. under the Hong Kong
International Arbitration Centre Administered Arbitration Rules (the “Arbitration Rules”) in force when a Notice of Arbitration with respect thereto is submitted in accordance with the Arbitration Rule. The award rendered in such an
arbitration proceeding will be final and binding and judgment on the award rendered may be entered in any court having jurisdiction over the parties. The number of arbitrators will be three, one of whom will be appointed by the party asserting a
claim against the other party or parties, one of whom will be appointed by the party or parties (acting together), as the case may be, against whom a claim has been asserted, and the third of whom will be selected by mutual agreement, if possible,
within thirty days after the selection of the second arbitrator. The language of the arbitration will be Mandarin Chinese and any foreign language documents presented at such arbitration will be accompanied by a Mandarin Chinese translation thereof,
prepared at the expense of the party seeking to present such document. Any award of the arbitrators (i) will be in writing, (ii) will state the reasons upon which such award is based and (iii) may include an award of costs, including
reasonable attorneys’ fees and disbursements. The arbitrators will have no authority to award punitive damages or any other damages not measured by the prevailing party’s actual damages, and may not, in any event, make any ruling, finding
or award that does not conform to the terms and conditions of this Agreement. Notwithstanding the foregoing, any party may apply to any court having jurisdiction over the parties to obtain injunctive relief in order to maintain the status quo until
such time as an arbitration award may be rendered or the dispute, controversy or claim may be otherwise resolved. 
 (c) In the event that
any provision of this Agreement is determined by any court of competent jurisdiction to be unenforceable by reason of its extending for too great a period of time, over too large a geographic area, or over too great a range of activities, it will be
interpreted to extend only over the maximum period of time, geographic area or range of activities as to which it may be enforceable. 
 (d)
If, after application of paragraph (c) above, any provision of this Agreement will be determined to be invalid, illegal or otherwise unenforceable by any court of competent jurisdiction, the validity, legality and enforceability of the other
provisions of this Agreement will not be affected thereby. Any invalid, illegal or unenforceable provision of this Agreement will be severed, and after any such severance, all other provisions hereof will remain in full force and effect. 

  
 -16- 

 (e) Changyou and I agree that either of us may waive or fail to enforce violations of any part of
this Agreement without waiving the right in the future to insist on strict compliance with all or parts of this Agreement. 
 (f) My
obligations under this Agreement will survive the termination of my employment with Changyou regardless of the manner of or reasons for such termination, and regardless of whether such termination constitutes a breach of any other agreement I may
have with Changyou. My obligations under this Agreement will be binding upon my heirs, executors and administrators, and the provisions of this Agreement will inure to the benefit of the successors and assigns of Changyou. 

(g) I agree and acknowledge that the rights and obligations set forth in this Agreement are of a unique and special nature and necessary to
ensure the preservation, protection and continuity of Changyou’s business, employees, Confidential Information, and intellectual property rights. Accordingly, Changyou is without an adequate legal remedy in the event of my violation of any of
the covenants set forth in this Agreement. I agree, therefore, that, in addition to all other rights and remedies, at law or in equity or otherwise, that may be available to Changyou, each of the covenants made by me under this Agreement will be
enforceable by injunction, specific performance or other equitable relief, without any requirement that Changyou post a bond or that Changyou prove any damages. 

[Signature page follows] 

  
 -17- 

 IN WITNESS WHEREOF, the undersigned employee and Changyou have executed this Executive Employee Non-competition, Non-solicitation, Confidential Information and Work Product Agreement effective as of January 1, 2018. 

 

					
	Employee:	 	Changyou.com Limited
			
	 	 	By:	  	  

	Dewen Chen	 		  	Name: Dr. Charles Zhang
		 		  	Title: Chairman of the Board

  
 -18-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00280-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00280-of-00352.parquet"}]]